N 
946
+3.28%
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
¥11.02bn
FY2017FY2026
Net income
¥1.44bn
FY2017FY2026
Free cash flow
¥1.64bn
FY2017FY2026
Shareholders' equity
¥17.07bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥11.02bn | ¥10.76bn | ¥9.86bn | ¥9.16bn | ¥8.12bn | ¥7.90bn | ¥8.78bn | ¥8.44bn | ¥7.91bn | ¥7.40bn |
| Gross profit | ¥4.43bn | ¥4.50bn | ¥3.93bn | ¥3.59bn | ¥2.92bn | ¥2.86bn | ¥3.32bn | ¥3.75bn | ¥3.04bn | ¥2.52bn |
| Research and development | — | ¥686.2m | ¥485.0m | ¥530.0m | ¥613.0m | ¥570.0m | ¥510.0m | ¥434.0m | ¥353.0m | ¥269.0m |
| Operating income | ¥1.70bn | ¥1.91bn | ¥1.39bn | ¥1.18bn | ¥563.7m | ¥600.8m | ¥952.0m | ¥898.7m | ¥705.6m | ¥537.1m |
| Net income | ¥1.44bn | ¥1.56bn | ¥1.01bn | ¥860.5m | ¥406.2m | ¥432.6m | ¥779.0m | ¥489.8m | ¥516.5m | ¥368.8m |
| Diluted earnings per share | 22.07 | 69.97 | 44.86 | 38.23 | 18.16 | 59.20 | 106.62 | 67.04 | 69.23 | 49.04 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥20.59bn | ¥19.35bn | ¥18.57bn | ¥17.00bn | ¥16.15bn | ¥15.32bn | ¥14.99bn | ¥14.01bn | ¥14.21bn | ¥14.13bn |
| Cash and short-term investments | ¥5.11bn | ¥4.82bn | ¥4.38bn | ¥4.41bn | ¥4.83bn | ¥4.68bn | ¥4.16bn | ¥4.99bn | ¥5.18bn | ¥5.14bn |
| Total liabilities | ¥3.52bn | ¥2.68bn | ¥2.75bn | ¥2.40bn | ¥2.30bn | ¥1.80bn | ¥2.10bn | ¥1.52bn | ¥1.61bn | ¥2.31bn |
| Debt | ¥548.3m | ¥142.7m | ¥170.0m | ¥234.5m | ¥404.2m | ¥253.1m | ¥433.6m | ¥45.2m | ¥138.2m | ¥895.1m |
| Shareholders' equity | ¥17.07bn | ¥16.65bn | ¥15.81bn | ¥14.59bn | ¥13.84bn | ¥13.52bn | ¥12.87bn | ¥12.48bn | ¥12.50bn | ¥11.74bn |
| Shares outstanding | 65m | 22m | 23m | 23m | 22m | 7m | 7m | 7m | 7m | 8m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.86bn | ¥1.30bn | ¥892.4m | ¥135.7m | ¥849.2m | ¥1.14bn | ¥241.0m | ¥227.0m | ¥865.0m | ¥1.18bn |
| Capital spending | −¥220.4m | −¥146.4m | −¥605.0m | −¥216.0m | −¥215.0m | −¥218.0m | −¥168.0m | −¥204.0m | −¥47.0m | −¥37.0m |
| Free cash flow | ¥1.64bn | ¥1.16bn | ¥287.4m | −¥80.3m | ¥634.2m | ¥925.6m | ¥73.0m | ¥23.0m | ¥818.0m | ¥1.14bn |
| Dividends paid | −¥785.7m | −¥487.3m | −¥359.8m | −¥307.5m | −¥205.1m | −¥218.8m | −¥205.2m | −¥178.0m | −¥148.0m | −¥148.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.95bn | ¥3.38bn | ¥2.60bn | ¥2.77bn | ¥2.28bn | ¥3.19bn | ¥2.66bn | ¥2.52bn |
| Gross profit | ¥945.2m | ¥1.38bn | ¥989.5m | ¥1.24bn | ¥810.2m | ¥1.32bn | ¥1.16bn | ¥1.09bn |
| Operating income | ¥237.0m | ¥653.3m | ¥319.1m | ¥583.7m | ¥145.2m | ¥615.1m | ¥504.0m | ¥487.0m |
| Net income | ¥149.6m | ¥617.4m | ¥321.6m | ¥397.1m | ¥105.6m | ¥549.3m | ¥463.0m | ¥344.0m |
| Diluted earnings per share | 2.29 | 9.45 | 14.40 | 17.78 | 4.73 | 24.60 | 20.54 | 15.26 |
| Total assets | ¥20.33bn | ¥20.59bn | ¥19.74bn | ¥18.94bn | ¥18.68bn | ¥19.35bn | ¥18.46bn | ¥18.01bn |
| Cash and short-term investments | ¥5.40bn | ¥5.11bn | ¥4.03bn | ¥4.71bn | ¥4.56bn | ¥4.82bn | ¥3.77bn | ¥4.39bn |
| Debt | ¥225.6m | ¥541.1m | ¥260.1m | ¥25.5m | ¥16.0m | ¥137.7m | ¥23.0m | ¥149.6m |
| Shareholders' equity | ¥16.91bn | ¥17.07bn | ¥16.39bn | ¥16.74bn | ¥16.23bn | ¥16.65bn | ¥16.09bn | ¥15.81bn |
Financial ratios
Data as of 30 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 40.2% | 41.8% | 39.8% | 39.2% | 35.9% | 36.2% | — |
| Operating margin | 15.4% | 17.7% | 14.1% | 12.9% | 6.9% | 7.6% | — |
| Net margin | 13.1% | 14.5% | 10.3% | 9.4% | 5.0% | 5.5% | — |
| Return on equity | 8.4% | 9.4% | 6.4% | 5.9% | 2.9% | 3.2% | — |
| Return on assets | 7.0% | 8.1% | 5.4% | 5.1% | 2.5% | 2.8% | — |
| Free cash flow yield | 2.8% | 5.8% | 5.9% | 1.4% | 4.2% | 16.5% | — |
| Revenue growth | 2.5% | 9.1% | 7.7% | 12.8% | 2.8% | -10.0% | — |
| Earnings growth | -7.7% | 54.5% | 17.5% | 111.9% | -6.1% | -44.5% | — |
| Current ratio | 6.20x | 6.79x | 6.18x | 6.32x | 6.16x | 7.72x | — |
| Debt to equity | 0.03x | 0.01x | 0.01x | 0.02x | 0.03x | 0.02x | — |
| Equity ratio | 82.9% | 86.0% | 85.1% | 85.8% | 85.7% | 88.2% | — |
| Interest coverage | 627.77x | 743.05x | 505.06x | 378.47x | 147.26x | 166.78x | — |
| R&D as a share of sales | — | 6.4% | 4.9% | 5.8% | 7.6% | 7.2% | 5.8% |
| Buybacks as a share of market value | -192.5% | 0.9% | -0.2% | -0.6% | -206.2% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.4% | 6.9% | 4.0% |
| Operating income | 12.9% | 23.1% | 10.1% |
| Net income | 18.8% | 27.2% | 11.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 41.0% | 40.3% | 39.1% | 38.8% |
| Operating margin | 16.6% | 15.1% | 12.9% | 11.5% |
| Net margin | 13.8% | 12.0% | 10.1% | 8.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 45.3 | 9.8 | 12.4 | 11.0 | 18.2 | 5.6 | 2.7 | 6.0 | 3.4 | 8.0 |
| Price to sales | 5.9 | 1.4 | 1.3 | 1.0 | 0.9 | 0.3 | 0.2 | 0.3 | 0.2 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 53.333 | 22.00 | 16.333 | 14.00 | 9.333 | 10.00 | 9.333 | 8.00 |
- 11-for-10 split · 27 Mar 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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