P 
857
+0.59%
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
¥22.6m
FY2017FY2026
Free cash flow
−¥142.4m
FY2017FY2026
Shareholders' equity
¥445.6m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.30bn | ¥1.17bn | ¥998.9m | ¥994.8m | ¥1.22bn | ¥1.23bn | ¥1.12bn | ¥1.11bn | ¥1.30bn | ¥1.13bn |
| Gross profit | ¥562.2m | ¥465.0m | ¥393.8m | ¥374.8m | ¥456.6m | ¥429.9m | ¥398.2m | ¥382.5m | ¥455.8m | ¥389.0m |
| Research and development | — | ¥93.8m | ¥89.9m | ¥75.0m | ¥73.7m | ¥81.5m | ¥72.0m | — | — | — |
| Operating income | ¥12.6m | −¥46.0m | −¥101.8m | −¥98.3m | −¥56.6m | −¥120.0m | −¥142.2m | −¥166.1m | −¥121.4m | −¥61.7m |
| Net income | ¥22.6m | ¥12.0m | −¥107.1m | −¥103.8m | −¥33.6m | −¥124.8m | −¥150.1m | −¥169.1m | −¥124.2m | −¥227.0m |
| Diluted earnings per share | 4.77 | 2.54 | -22.56 | -22.81 | -8.33 | -98.44 | -118.33 | -133.34 | -26.17 | -47.84 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥862.0m | ¥725.2m | ¥645.3m | ¥713.8m | ¥755.3m | ¥749.5m | ¥835.5m | ¥999.0m | ¥1.24bn | ¥1.28bn |
| Cash and short-term investments | ¥212.7m | ¥355.0m | ¥158.5m | ¥225.2m | ¥309.9m | ¥318.8m | ¥334.2m | — | — | — |
| Total liabilities | ¥416.4m | ¥308.5m | ¥288.6m | ¥250.0m | ¥287.6m | ¥317.7m | ¥277.7m | ¥291.2m | ¥365.9m | ¥303.5m |
| Shareholders' equity | ¥445.6m | ¥416.7m | ¥356.7m | ¥463.8m | ¥467.7m | ¥431.8m | ¥557.8m | ¥707.9m | ¥871.9m | ¥980.8m |
| Shares outstanding | 5m | 5m | 5m | 5m | 4m | 1m | 1m | 1m | 5m | 5m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥140.7m | ¥151.5m | −¥62.8m | −¥179.2m | −¥104.1m | −¥12.0m | −¥114.4m | −¥247.4m | ¥42.5m | −¥315.2m |
| Capital spending | −¥1.8m | −¥1.7m | −¥4.9m | −¥4.2m | −¥4.0m | −¥3.4m | −¥2.8m | −¥221,000 | −¥3.6m | −¥3.5m |
| Free cash flow | −¥142.4m | ¥149.8m | −¥67.6m | −¥183.5m | −¥108.1m | −¥15.4m | −¥117.3m | −¥247.6m | ¥38.9m | −¥318.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥401.6m | ¥324.5m | ¥282.5m | ¥387.2m | ¥304.7m | ¥286.2m | ¥315.6m | ¥304.9m |
| Gross profit | ¥194.2m | ¥144.2m | ¥134.5m | ¥156.8m | ¥126.8m | ¥130.5m | ¥116.8m | ¥117.7m |
| Operating income | ¥34.1m | ¥5.0m | −¥10.4m | ¥24.8m | −¥6.8m | ¥1.4m | −¥15.6m | −¥906,000 |
| Net income | ¥32.0m | ¥17.8m | −¥11.6m | ¥22.4m | −¥6.0m | ¥28.6m | −¥16.8m | ¥26,000 |
| Diluted earnings per share | 6.75 | 3.75 | -2.45 | 4.73 | -1.26 | 6.03 | -3.53 | 0.01 |
| Cash from operations | — | — | — | −¥88.0m | — | — | — | — |
| Total assets | ¥1.01bn | ¥862.0m | ¥772.7m | ¥788.3m | ¥725.6m | ¥725.2m | ¥699.7m | ¥668.1m |
| Cash and short-term investments | ¥219.8m | ¥212.7m | ¥312.1m | ¥266.4m | ¥294.7m | ¥355.0m | ¥247.4m | ¥213.0m |
| Debt | ¥26.7m | — | — | — | — | — | — | — |
| Shareholders' equity | ¥479.8m | ¥445.6m | ¥425.6m | ¥435.1m | ¥411.3m | ¥416.7m | ¥387.5m | ¥403.7m |
Financial ratios
Data as of 18 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 43.3% | 39.8% | 39.4% | 37.7% | 37.4% | 34.8% | — |
| Operating margin | 1.0% | -3.9% | -10.2% | -9.9% | -4.6% | -9.7% | — |
| Net margin | 1.7% | 1.0% | -10.7% | -10.4% | -2.8% | -10.1% | — |
| Return on equity | 5.1% | 2.9% | -30.0% | -22.4% | -7.2% | -28.9% | — |
| Return on assets | 2.6% | 1.7% | -16.6% | -14.5% | -4.5% | -16.7% | — |
| Free cash flow yield | -3.0% | 3.2% | -1.3% | -4.0% | -2.6% | -1.0% | — |
| Revenue growth | 11.3% | 16.9% | 0.4% | -18.4% | -1.2% | 10.4% | — |
| Earnings growth | 87.8% | -111.3% | 3.1% | 208.8% | -73.1% | -16.8% | — |
| Current ratio | 2.14x | 2.48x | 2.37x | 3.11x | 2.86x | 2.52x | — |
| Debt to equity | — | — | — | 0.00x | 0.00x | 0.00x | — |
| Equity ratio | 51.7% | 57.5% | 55.3% | 65.0% | 61.9% | 57.6% | — |
| Interest coverage | — | — | — | -84.80x | -539.21x | — | — |
| R&D as a share of sales | — | 8.0% | 9.0% | 7.5% | 6.0% | 6.6% | 6.4% |
| Buybacks as a share of market value | 0.0% | 0.0% | -4.3% | -12.7% | -218.3% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.3% | 1.0% | 2.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 41.6% | 40.3% | 38.8% | 36.9% |
| Operating margin | -1.4% | -5.2% | -5.9% | -9.0% |
| Net margin | 1.4% | -4.0% | -4.8% | -9.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 207.2 | 356.2 | -37.8 | -8.9 | -23.5 | -2.8 | -3.6 | -3.5 | -16.4 | -38.0 |
| Price to sales | 3.6 | 3.7 | 4.0 | 0.9 | 0.7 | 0.3 | 0.5 | 0.5 | 1.6 | 7.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Mar 2001.
| FY2002 | |
|---|---|
| Paid in the year | 5.00 |
- 3-for-1 split · 28 Mar 2025
- 100-for-1 split · 26 Sept 2013
- 2-for-1 split · 5 Jul 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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