M 
31
0.00%
Close of 9 Nov 2026, in JPY
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in JPY, from our data supplier.
Revenue
¥2.34bn
FY2017FY2026
Net income
−¥1.45bn
FY2017FY2026
Free cash flow
−¥459.7m
FY2017FY2026
Shareholders' equity
¥2.52bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.34bn | ¥2.79bn | ¥3.11bn | ¥2.52bn | ¥2.50bn | ¥2.48bn | ¥2.44bn | ¥3.23bn | ¥3.93bn | ¥4.48bn |
| Gross profit | ¥1.05bn | ¥1.56bn | ¥1.96bn | ¥1.58bn | ¥1.34bn | ¥1.56bn | ¥1.38bn | ¥1.88bn | ¥2.14bn | ¥2.59bn |
| Research and development | ¥678.1m | ¥707.1m | ¥703.0m | ¥455.0m | ¥757.8m | ¥624.0m | ¥661.0m | ¥667.8m | ¥1.04bn | ¥1.25bn |
| Operating income | −¥876.5m | −¥551.7m | −¥220.0m | −¥196.1m | −¥729.7m | −¥238.4m | −¥573.5m | ¥73.8m | −¥391.0m | ¥376.3m |
| Net income | −¥1.45bn | −¥561.9m | −¥242.6m | −¥247.8m | −¥757.6m | −¥218.9m | −¥590.0m | ¥38.1m | −¥497.4m | −¥924.3m |
| Diluted earnings per share | -18.68 | -7.78 | -5.20 | -7.65 | -33.46 | -38.80 | -104.61 | 6.76 | -88.33 | -163.70 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥3.08bn | ¥3.67bn | ¥4.34bn | ¥3.18bn | ¥2.28bn | ¥3.28bn | ¥3.66bn | ¥4.15bn | ¥4.42bn | ¥4.67bn |
| Cash and short-term investments | ¥771.9m | ¥356.3m | ¥953.5m | ¥478.7m | ¥333.5m | ¥943.6m | ¥1.95bn | ¥2.11bn | ¥2.09bn | ¥2.29bn |
| Total liabilities | ¥557.1m | ¥1.23bn | ¥1.66bn | ¥1.43bn | ¥1.47bn | ¥1.86bn | ¥2.09bn | ¥1.96bn | ¥2.30bn | ¥2.00bn |
| Debt | ¥79.6m | ¥658.4m | ¥732.6m | ¥807.9m | ¥971.3m | ¥1.31bn | ¥1.70bn | ¥1.61bn | ¥1.51bn | ¥1.40bn |
| Shareholders' equity | ¥2.52bn | ¥2.44bn | ¥2.68bn | ¥1.75bn | ¥808.3m | ¥1.42bn | ¥1.56bn | ¥2.19bn | ¥2.12bn | ¥2.67bn |
| Shares outstanding | 78m | 72m | 47m | 32m | 23m | 6m | 6m | 6m | 6m | 6m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥428.9m | −¥764.6m | −¥418.0m | −¥794.7m | −¥315.3m | −¥610.6m | −¥183.0m | −¥67.0m | −¥397.0m | −¥798.0m |
| Capital spending | −¥30.8m | −¥88.9m | −¥122.6m | −¥20.2m | −¥24.7m | −¥19.7m | −¥34.0m | −¥23.0m | −¥29.0m | −¥61.0m |
| Free cash flow | −¥459.7m | −¥853.6m | −¥540.6m | −¥814.9m | −¥340.0m | −¥630.3m | −¥217.0m | −¥90.0m | −¥426.0m | −¥859.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥674.8m | ¥767.6m | ¥413.3m | ¥597.7m | ¥558.6m | ¥1.29bn | ¥486.0m | ¥477.1m |
| Gross profit | ¥388.4m | ¥129.2m | ¥235.5m | ¥338.5m | ¥350.2m | ¥675.8m | ¥257.0m | ¥306.1m |
| Operating income | −¥117.9m | −¥331.4m | −¥217.8m | −¥172.3m | −¥155.0m | ¥175.0m | −¥228.0m | −¥221.5m |
| Net income | −¥118.4m | −¥863.4m | −¥233.4m | −¥193.2m | −¥163.9m | ¥143.5m | −¥249.0m | −¥185.3m |
| Diluted earnings per share | -1.52 | -11.09 | -3.23 | -2.68 | -2.27 | 1.99 | -5.34 | -3.97 |
| Total assets | ¥3.04bn | ¥3.08bn | ¥3.63bn | ¥3.82bn | ¥3.62bn | ¥3.67bn | ¥3.43bn | ¥3.52bn |
| Cash and short-term investments | ¥902.4m | ¥771.9m | ¥952.1m | ¥1.01bn | ¥820.4m | ¥356.3m | ¥405.8m | ¥545.7m |
| Debt | ¥37.6m | ¥56.8m | ¥15.0m | ¥130.0m | ¥187.2m | ¥627.2m | ¥639.0m | ¥413.8m |
| Shareholders' equity | ¥2.54bn | ¥2.52bn | ¥3.23bn | ¥3.27bn | ¥2.81bn | ¥2.44bn | ¥2.36bn | ¥2.52bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.5% | -1.2% | -8.4% |
| Operating income | 64.7% | 29.7% | — |
| Net income | 80.4% | 46.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 51.0% | 57.2% | 57.5% | 57.6% |
| Operating margin | -27.9% | -17.1% | -17.9% | -8.5% |
| Net margin | -39.3% | -23.3% | -22.1% | -15.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.8 | -5.8 | -13.8 | -5.0 | -2.5 | -8.4 | -3.9 | 47.1 | -3.4 | -2.7 |
| Price to sales | 1.1 | 1.2 | 1.1 | 0.5 | 0.8 | 0.7 | 0.9 | 0.6 | 0.4 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 100-for-1 split · 26 Sept 2013
- 1-to-1 reverse split · 10 Aug 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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