T 
941
+1.95%
Close of 9 Nov 2026, in JPY
Search any instrument
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
¥5.59bn
FY2016FY2025
Net income
¥268.6m
FY2016FY2025
Free cash flow
−¥636.9m
FY2016FY2025
Shareholders' equity
¥5.47bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.59bn | ¥2.36bn | ¥4.15bn | ¥3.29bn | ¥6.24bn | ¥6.74bn | ¥6.33bn | ¥3.84bn | ¥3.26bn | ¥4.44bn |
| Gross profit | ¥1.69bn | ¥711.5m | ¥1.09bn | ¥889.7m | ¥1.67bn | ¥1.47bn | ¥1.98bn | ¥1.24bn | ¥1.02bn | ¥1.29bn |
| Research and development | — | ¥109.5m | — | — | — | — | — | — | — | ¥83.7m |
| Operating income | ¥278.9m | −¥47.8m | −¥215.3m | −¥437.2m | ¥379.0m | ¥211.6m | ¥805.7m | ¥153.2m | ¥53.2m | ¥189.2m |
| Net income | ¥268.6m | −¥113.7m | −¥443.4m | −¥482.8m | ¥148.7m | ¥90.2m | ¥439.4m | ¥128.6m | −¥146.7m | ¥44.6m |
| Diluted earnings per share | 40.84 | -17.51 | -71.02 | -80.82 | 24.37 | 15.71 | 84.05 | 29.35 | -34.86 | 10.61 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥11.28bn | ¥9.84bn | ¥9.57bn | ¥8.64bn | ¥8.36bn | ¥8.39bn | ¥9.42bn | ¥9.57bn | ¥11.18bn | ¥7.45bn |
| Cash and short-term investments | ¥1.34bn | ¥1.74bn | ¥1.21bn | ¥1.06bn | ¥2.06bn | ¥2.45bn | ¥2.22bn | ¥1.03bn | ¥1.72bn | ¥2.16bn |
| Total liabilities | ¥5.80bn | ¥5.16bn | ¥4.69bn | ¥3.64bn | ¥2.92bn | ¥3.22bn | ¥5.27bn | ¥6.20bn | ¥7.97bn | ¥4.19bn |
| Debt | ¥3.72bn | ¥3.65bn | ¥3.22bn | ¥2.23bn | ¥1.12bn | ¥1.37bn | ¥3.61bn | ¥4.06bn | ¥5.55bn | ¥2.92bn |
| Shareholders' equity | ¥5.47bn | ¥4.68bn | ¥4.89bn | ¥5.00bn | ¥5.44bn | ¥5.16bn | ¥4.16bn | ¥3.37bn | ¥3.21bn | ¥3.26bn |
| Shares outstanding | 7m | 6m | 6m | 6m | 6m | 6m | 5m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥25.7m | ¥257.8m | −¥1.13bn | −¥1.88bn | −¥16.8m | ¥1.23bn | ¥1.50bn | ¥499.9m | −¥534.1m | ¥102.0m |
| Capital spending | −¥611.2m | −¥84.7m | −¥73.0m | −¥224.2m | −¥107.5m | −¥84.0m | −¥96.4m | −¥290.0m | −¥792.8m | −¥569.0m |
| Free cash flow | −¥636.9m | ¥173.1m | −¥1.21bn | −¥2.11bn | −¥124.3m | ¥1.15bn | ¥1.40bn | ¥209.9m | −¥1.33bn | −¥467.0m |
| Dividends paid | −¥19.3m | −¥19.2m | −¥29.9m | −¥40.7m | −¥39.4m | −¥29.3m | −¥21.6m | −¥21.9m | −¥42.0m | −¥62.0m |
Latest quarters
By quarter end
| Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.60bn | ¥1.47bn | ¥1.40bn | ¥1.12bn | ¥1.38bn | ¥972.5m | ¥1.74bn | ¥962.7m |
| Gross profit | ¥518.4m | ¥343.6m | ¥400.9m | ¥430.0m | ¥406.1m | ¥305.4m | ¥389.8m | ¥325.1m |
| Operating income | ¥104.7m | ¥14.3m | ¥56.1m | ¥103.9m | −¥34.1m | −¥13.7m | ¥39.0m | ¥14.5m |
| Net income | ¥82.5m | −¥2.5m | ¥128.8m | ¥59.8m | −¥93.8m | −¥19.9m | −¥49.3m | −¥8.4m |
| Diluted earnings per share | 12.43 | -0.38 | 19.56 | 9.22 | -14.44 | -3.06 | -7.75 | -1.34 |
| Total assets | ¥11.28bn | ¥10.59bn | ¥10.52bn | ¥10.35bn | ¥9.84bn | ¥9.54bn | ¥9.57bn | ¥9.69bn |
| Cash and short-term investments | ¥1.34bn | ¥1.30bn | ¥1.57bn | ¥1.24bn | ¥1.74bn | ¥992.4m | ¥1.21bn | ¥1.23bn |
| Debt | ¥3.32bn | ¥3.45bn | ¥3.54bn | ¥3.39bn | ¥3.33bn | ¥2.91bn | ¥2.93bn | ¥3.03bn |
| Shareholders' equity | ¥5.47bn | ¥5.05bn | ¥4.96bn | ¥4.98bn | ¥4.68bn | ¥4.95bn | ¥4.89bn | ¥4.81bn |
Financial ratios
Data as of 3 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 30.3% | 30.1% | 26.3% | 26.1% | 26.7% | 21.8% | — |
| Operating margin | 7.5% | -3.6% | -6.8% | -14.2% | 6.1% | 3.1% | — |
| Net margin | 4.8% | -4.8% | -10.7% | -14.7% | 2.4% | 1.3% | — |
| Return on equity | 4.9% | -4.2% | -9.1% | -9.7% | 2.7% | 1.7% | — |
| Return on assets | 2.4% | -2.0% | -4.6% | -5.6% | 1.8% | 1.1% | — |
| Free cash flow yield | 4.3% | 3.4% | -10.9% | -18.0% | 0.8% | 12.9% | — |
| Revenue growth | 38.3% | -2.8% | 26.1% | -47.2% | -7.5% | 6.5% | — |
| Earnings growth | -237.8% | -56.0% | -8.2% | -424.7% | 64.8% | -79.5% | — |
| Current ratio | 2.63x | 2.87x | 4.67x | 4.26x | 3.81x | 3.78x | — |
| Debt to equity | 0.68x | 0.17x | 0.66x | 0.44x | 0.20x | 0.18x | — |
| Equity ratio | 48.5% | 47.6% | 51.1% | 57.8% | 65.1% | 61.6% | — |
| Interest coverage | 7.18x | -2.56x | -6.83x | -15.39x | 15.25x | 1.58x | — |
| R&D as a share of sales | — | 4.6% | 3.3% | 6.1% | 2.5% | 3.2% | 2.8% |
| Buybacks as a share of market value | -35.3% | -2.9% | -4.0% | -4.8% | 11.0% | -15.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.3% | -3.7% | -2.6% |
| Operating income | — | 5.7% | -0.0% |
| Net income | — | 24.4% | 5.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 30.3% | 28.5% | 26.5% | 27.3% |
| Operating margin | 2.9% | -2.7% | 0.6% | 3.1% |
| Net margin | 2.0% | -5.0% | -1.9% | 0.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.9 | -45.1 | -8.9 | -9.6 | 40.8 | 129.4 | 35.5 | 16.0 | -32.1 | 121.6 |
| Price to sales | 0.8 | 2.2 | 0.9 | 1.4 | 1.0 | 1.7 | 2.5 | 0.5 | 1.4 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 11 years. Last went ex-dividend on 30 Oct 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 6.00 | 11.00 | 7.00 | 7.00 | 7.00 | 5.00 | 5.00 | 10.00 |
- 10-to-1 reverse split · 26 Sept 2018
- 3-for-1 split · 26 Feb 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.