R 
38
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
¥1.25bn
FY2017FY2026
Net income
¥29.5m
FY2017FY2026
Free cash flow
¥76.0m
FY2017FY2026
Shareholders' equity
¥781.6m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.25bn | ¥1.47bn | ¥1.28bn | ¥1.30bn | ¥1.23bn | ¥1.47bn | ¥54.64bn | ¥58.66bn | ¥53.01bn | ¥41.53bn |
| Research and development | — | — | — | — | — | — | — | — | — | ¥746,000 |
| Operating income | ¥7.2m | −¥50.7m | −¥216.7m | −¥187.2m | −¥145.0m | −¥176.0m | −¥1.54bn | −¥1.94bn | ¥738.0m | ¥2.63bn |
| Net income | ¥29.5m | −¥230.9m | −¥813.1m | −¥183.2m | −¥119.5m | −¥5.45bn | −¥1.63bn | −¥3.54bn | ¥317.0m | ¥841.2m |
| Diluted earnings per share | 1.16 | -9.12 | -32.11 | -7.23 | -4.72 | -271.09 | -84.07 | -183.08 | 16.40 | 50.20 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥1.71bn | ¥1.05bn | ¥1.30bn | ¥2.09bn | ¥1.89bn | ¥2.59bn | ¥80.55bn | ¥78.55bn | ¥79.31bn | ¥69.67bn |
| Cash and short-term investments | ¥643.2m | ¥525.6m | ¥626.3m | ¥615.7m | ¥1.04bn | ¥930.0m | ¥2.06bn | ¥1.98bn | ¥5.53bn | ¥3.42bn |
| Total liabilities | ¥928.2m | ¥301.1m | ¥314.0m | ¥295.5m | ¥298.6m | ¥938.0m | ¥73.44bn | ¥69.86bn | ¥67.08bn | ¥59.04bn |
| Debt | ¥177.2m | ¥136.2m | ¥146.6m | ¥128.0m | ¥130.6m | ¥154.0m | ¥2.54bn | ¥1.06bn | ¥1.03bn | ¥1.63bn |
| Shareholders' equity | ¥781.6m | ¥749.1m | ¥982.0m | ¥1.79bn | ¥1.59bn | ¥1.65bn | ¥7.10bn | ¥8.70bn | ¥12.22bn | ¥10.70bn |
| Shares outstanding | 25m | 25m | 25m | 25m | 25m | 20m | 19m | 19m | 19m | 17m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥104.7m | −¥213.8m | −¥2.2m | ¥118.0m | −¥1.06bn | −¥46.0m | −¥178.0m | −¥2.87bn | ¥3.76bn | ¥882.3m |
| Capital spending | −¥28.7m | −¥10.2m | −¥1.7m | −¥43.1m | −¥9.8m | −¥4.0m | −¥1.02bn | −¥1.09bn | −¥1.03bn | −¥706.8m |
| Free cash flow | ¥76.0m | −¥224.0m | −¥3.9m | ¥74.8m | −¥1.07bn | −¥50.0m | −¥1.20bn | −¥3.96bn | ¥2.72bn | ¥175.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥297.9m | ¥371.2m | ¥308.3m | ¥289.3m | ¥282.9m | ¥305.6m | ¥488.7m | ¥338.0m |
| Operating income | −¥38.1m | ¥42.1m | ¥4.6m | −¥56.2m | −¥38.1m | −¥7.0m | ¥3.1m | −¥34.5m |
| Net income | −¥30.1m | ¥134.1m | ¥9.3m | −¥94.8m | −¥19.1m | −¥197.5m | −¥1.3m | −¥31.3m |
| Diluted earnings per share | -1.19 | 5.30 | 0.37 | -3.75 | -0.75 | -7.80 | -0.05 | -1.24 |
| Total assets | ¥1.56bn | ¥1.71bn | ¥2.53bn | ¥2.27bn | ¥1.09bn | ¥1.05bn | ¥1.26bn | ¥1.25bn |
| Cash and short-term investments | ¥677.6m | ¥643.2m | ¥559.6m | ¥531.5m | ¥446.9m | ¥525.6m | ¥451.8m | ¥487.9m |
| Debt | ¥79.0m | ¥177.2m | ¥47.2m | ¥191.4m | ¥45.5m | ¥136.2m | ¥32.6m | ¥109.2m |
| Shareholders' equity | ¥751.6m | ¥781.6m | ¥647.4m | ¥637.4m | ¥733.7m | ¥749.1m | ¥949.4m | ¥948.0m |
Financial ratios
Data as of 3 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2017 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 0.6% | -3.5% | -17.0% | -14.4% | -11.8% | -11.9% | — | — | — | — | — | — |
| Net margin | 2.4% | -15.7% | -63.7% | -14.1% | -9.8% | -369.7% | — | — | — | — | — | — |
| Return on equity | 3.8% | -30.8% | -82.8% | -10.2% | -7.5% | -329.6% | — | — | — | — | — | — |
| Return on assets | 1.7% | -22.0% | -62.7% | -8.8% | -6.3% | -210.1% | — | — | — | — | — | — |
| Free cash flow yield | 13.9% | -21.2% | -0.1% | 16.7% | -109.2% | -5.5% | — | — | — | — | — | — |
| Revenue growth | -14.8% | 15.1% | -1.8% | 6.1% | -16.8% | -97.3% | — | — | — | — | — | — |
| Earnings growth | -112.8% | -71.6% | 343.9% | 53.2% | -97.8% | 235.3% | — | — | — | — | — | — |
| Current ratio | 1.98x | 4.51x | 4.99x | 7.12x | 9.59x | 1.76x | — | — | — | — | — | — |
| Debt to equity | 0.23x | 0.18x | 0.15x | 0.07x | 0.08x | 0.09x | — | — | — | — | — | — |
| Equity ratio | 45.7% | 71.3% | 75.8% | 85.8% | 84.2% | 63.7% | — | — | — | — | — | — |
| Interest coverage | 1.85x | -19.84x | -89.61x | -96.70x | -70.66x | -35.20x | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.0% | 0.0% | 0.5% | 17.2% | 59.7% | 14.0% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | -26.0% | -4.0% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.3% | -3.2% | -23.4% |
| Operating income | — | — | -45.0% |
| Net income | — | — | -34.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1.6% | -8.4% | -9.6% | 0.8% |
| Net margin | -7.4% | -22.6% | -84.6% | -3.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 33.5 | -5.6 | -1.4 | -7.6 | -15.0 | -0.3 | -0.9 | -1.1 | 9.3 | 12.7 |
| Price to sales | 0.8 | 0.9 | 0.9 | 1.1 | 1.5 | 1.0 | 0.0 | 0.1 | 0.1 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 100-for-1 split · 29 Jan 2014
- 3-for-1 split · 28 Aug 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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