U 
210
-1.41%
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
¥1.30bn
FY2017FY2026
Net income
¥49.7m
FY2017FY2026
Free cash flow
¥185.3m
FY2017FY2026
Shareholders' equity
¥1.53bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.30bn | ¥1.24bn | ¥1.02bn | ¥985.1m | ¥1.17bn | ¥1.29bn | ¥1.76bn | ¥1.88bn | ¥2.09bn | ¥2.20bn |
| Gross profit | ¥526.8m | ¥343.8m | ¥208.0m | ¥179.0m | ¥208.0m | ¥228.3m | ¥413.4m | ¥446.1m | ¥463.8m | ¥431.4m |
| Research and development | ¥17.7m | ¥6.5m | ¥12.3m | — | — | — | — | — | ¥51.6m | ¥2.7m |
| Operating income | ¥49.4m | −¥167.4m | −¥246.0m | −¥226.9m | −¥207.6m | −¥138.7m | ¥51.8m | ¥131.3m | ¥131.8m | ¥108.8m |
| Net income | ¥49.7m | −¥493.9m | −¥344.3m | −¥289.1m | −¥210.5m | −¥449.3m | ¥39.7m | ¥88.3m | ¥138.2m | ¥72.7m |
| Diluted earnings per share | 3.36 | -33.39 | -23.28 | -19.54 | -14.23 | -30.38 | 2.71 | 6.03 | 9.44 | 4.94 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥1.80bn | ¥1.70bn | ¥2.36bn | ¥2.63bn | ¥2.93bn | ¥3.15bn | ¥3.65bn | ¥3.63bn | ¥3.74bn | ¥3.60bn |
| Cash and short-term investments | ¥1.36bn | ¥1.24bn | ¥1.43bn | ¥2.02bn | ¥2.22bn | ¥2.53bn | ¥2.72bn | ¥2.82bn | ¥2.88bn | ¥2.76bn |
| Total liabilities | ¥235.0m | ¥187.0m | ¥355.0m | ¥273.8m | ¥273.0m | ¥285.5m | ¥339.5m | ¥323.1m | ¥477.2m | ¥419.9m |
| Debt | — | — | — | −¥19.9m | −¥20.7m | — | — | — | — | — |
| Shareholders' equity | ¥1.53bn | ¥1.48bn | ¥1.98bn | ¥2.32bn | ¥2.62bn | ¥2.83bn | ¥3.28bn | ¥3.28bn | ¥3.23bn | ¥3.15bn |
| Shares outstanding | 15m | 15m | 15m | 15m | 15m | 15m | 15m | 15m | 15m | 15m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥188.7m | ¥35.7m | −¥358.4m | −¥90.2m | −¥221.0m | −¥127.7m | ¥37.9m | ¥99.3m | ¥200.5m | ¥454.3m |
| Capital spending | −¥3.4m | −¥107.6m | −¥131.4m | −¥66.0m | −¥63.6m | −¥34.9m | −¥13.2m | −¥18.3m | −¥11.1m | −¥30.6m |
| Free cash flow | ¥185.3m | −¥72.0m | −¥489.8m | −¥156.2m | −¥284.6m | −¥162.5m | ¥24.7m | ¥81.0m | ¥189.4m | ¥423.7m |
| Dividends paid | — | — | −¥1,000 | −¥15,000 | −¥39,000 | −¥44.2m | −¥44.1m | −¥44.2m | −¥44.0m | −¥43.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥379.9m | ¥245.1m | ¥293.0m | ¥386.1m | ¥311.9m | ¥363.8m | ¥305.8m | ¥254.1m |
| Gross profit | ¥166.6m | ¥92.1m | ¥121.5m | ¥146.6m | ¥106.2m | ¥114.5m | ¥76.8m | ¥51.2m |
| Operating income | ¥39.4m | −¥22.5m | ¥1.2m | ¥31.0m | −¥27.7m | −¥11.2m | −¥52.5m | −¥76.0m |
| Net income | ¥39.6m | −¥22.6m | ¥1.4m | ¥31.3m | −¥353.0m | −¥11.5m | −¥52.9m | −¥76.5m |
| Diluted earnings per share | 2.68 | -1.53 | 0.09 | 2.11 | -23.86 | -0.78 | -3.58 | -5.17 |
| Total assets | ¥1.80bn | ¥1.71bn | ¥1.71bn | ¥1.75bn | ¥1.70bn | ¥2.01bn | ¥2.14bn | ¥2.24bn |
| Cash and short-term investments | ¥1.36bn | ¥1.28bn | ¥1.26bn | ¥1.24bn | ¥1.24bn | ¥1.19bn | ¥1.21bn | ¥1.37bn |
| Shareholders' equity | ¥1.53bn | ¥1.49bn | ¥1.51bn | ¥1.51bn | ¥1.48bn | ¥1.84bn | ¥1.85bn | ¥1.90bn |
Financial ratios
Data as of 22 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 40.4% | 27.8% | 20.5% | 18.2% | 17.8% | 17.7% | — | — | — | — | — | — | — |
| Operating margin | 3.8% | -13.6% | -24.2% | -23.0% | -17.7% | -10.7% | — | — | — | — | — | — | — |
| Net margin | 3.8% | -40.0% | -33.9% | -29.3% | -18.0% | -34.8% | — | — | — | — | — | — | — |
| Return on equity | 3.2% | -33.3% | -17.4% | -12.5% | -8.0% | -15.9% | — | — | — | — | — | — | — |
| Return on assets | 2.8% | -29.0% | -14.6% | -11.0% | -7.2% | -14.3% | — | — | — | — | — | — | — |
| Free cash flow yield | 5.8% | 4.3% | -6.9% | -0.7% | -4.8% | -2.8% | — | — | — | — | — | — | — |
| Revenue growth | 5.5% | 21.6% | 3.1% | -15.9% | -9.3% | -26.8% | — | — | — | — | — | — | — |
| Earnings growth | -110.1% | 43.5% | 19.1% | 37.3% | -53.1% | -1232.8% | — | — | — | — | — | — | — |
| Current ratio | 7.30x | 9.22x | 5.97x | 9.08x | 10.49x | 11.01x | — | — | — | — | — | — | — |
| Debt to equity | — | — | — | -0.01x | -0.01x | 0.00x | 0.00x | — | — | — | 0.00x | 0.01x | — |
| Equity ratio | 85.1% | 87.1% | 83.6% | 88.3% | 89.6% | 89.9% | — | — | — | — | — | — | — |
| Interest coverage | — | — | — | — | — | — | — | — | — | — | 104.40x | -31.26x | 513.00x |
| R&D as a share of sales | 1.4% | 0.5% | 1.2% | — | — | — | — | 2.5% | 0.1% | 0.3% | — | — | — |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -1.0% | — | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.8% | 0.2% | -6.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.3% | 27.7% | 24.2% | 22.1% |
| Operating margin | -4.6% | -13.0% | -13.4% | -3.2% |
| Net margin | -17.5% | -23.7% | -24.8% | -9.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 64.6 | -7.8 | -9.4 | -12.1 | -17.0 | -7.9 | 82.7 | 46.6 | 21.7 | 93.5 |
| Price to sales | 2.5 | 3.1 | 3.2 | 3.5 | 3.1 | 2.8 | 1.9 | 2.2 | 1.4 | 3.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Jun 2020.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
- 100-for-1 split · 26 Dec 2013
- 4-for-1 split · 26 Mar 2009
- 2-for-1 split · 26 Oct 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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