T 
442
+2.79%
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
¥9.00bn
FY2017FY2026
Net income
−¥1.22bn
FY2017FY2026
Free cash flow
¥457.6m
FY2017FY2026
Shareholders' equity
¥6.57bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥9.00bn | ¥10.06bn | ¥10.30bn | ¥10.84bn | ¥12.87bn | ¥12.51bn | ¥12.16bn | ¥11.63bn | ¥13.16bn | ¥13.41bn |
| Gross profit | ¥1.95bn | ¥2.84bn | ¥3.38bn | ¥3.54bn | ¥4.53bn | ¥4.20bn | ¥3.48bn | ¥3.01bn | ¥3.22bn | ¥3.68bn |
| Research and development | ¥365.3m | ¥549.4m | ¥420.6m | ¥630.0m | ¥684.0m | ¥540.0m | ¥419.7m | ¥87.2m | ¥141.8m | ¥112.8m |
| Operating income | −¥855.3m | ¥4.8m | ¥114.0m | ¥42.9m | ¥719.3m | ¥608.9m | ¥178.8m | ¥113.7m | ¥211.6m | ¥981.0m |
| Net income | −¥1.22bn | −¥102.5m | ¥108.2m | ¥57.5m | ¥419.3m | ¥164.0m | −¥133.9m | ¥18.9m | ¥108.5m | ¥177.4m |
| Diluted earnings per share | -114.23 | -9.62 | 10.15 | 5.40 | 39.49 | 15.50 | -13.29 | 2.17 | 11.77 | 20.27 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥9.93bn | ¥10.89bn | ¥11.29bn | ¥11.17bn | ¥11.22bn | ¥12.99bn | ¥11.60bn | ¥12.56bn | ¥12.56bn | ¥12.52bn |
| Cash and short-term investments | ¥1.05bn | ¥610.7m | ¥871.3m | ¥861.5m | ¥1.39bn | ¥2.37bn | ¥1.07bn | ¥873.3m | ¥1.45bn | ¥934.1m |
| Total liabilities | ¥3.36bn | ¥3.14bn | ¥3.10bn | ¥3.03bn | ¥2.52bn | ¥4.92bn | ¥5.28bn | ¥6.06bn | ¥6.00bn | ¥6.03bn |
| Debt | ¥2.13bn | ¥2.04bn | ¥1.50bn | ¥1.45bn | ¥1.47bn | ¥3.29bn | ¥4.11bn | ¥5.06bn | ¥4.90bn | ¥4.58bn |
| Shareholders' equity | ¥6.57bn | ¥7.74bn | ¥8.19bn | ¥8.14bn | ¥8.70bn | ¥8.07bn | ¥6.32bn | ¥6.50bn | ¥6.55bn | ¥6.49bn |
| Shares outstanding | 11m | 11m | 11m | 11m | 11m | 11m | 10m | 9m | 9m | 9m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥738.4m | −¥213.7m | ¥463.5m | ¥109.4m | ¥1.52bn | ¥887.3m | ¥1.54bn | −¥1.0m | ¥724.0m | −¥162.0m |
| Capital spending | −¥280.8m | −¥207.7m | −¥327.0m | −¥530.2m | −¥530.0m | −¥433.1m | −¥188.2m | −¥494.0m | −¥203.0m | −¥624.0m |
| Free cash flow | ¥457.6m | −¥421.4m | ¥136.5m | −¥420.8m | ¥987.6m | ¥454.2m | ¥1.35bn | −¥495.0m | ¥521.0m | −¥786.0m |
| Dividends paid | −¥142.2m | −¥142.3m | −¥140.9m | −¥161.7m | −¥129.2m | −¥99.5m | −¥99.0m | −¥91.0m | −¥117.0m | −¥103.0m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.23bn | ¥2.45bn | ¥2.45bn | ¥2.30bn | ¥2.21bn | ¥2.04bn | ¥3.37bn | ¥2.24bn |
| Gross profit | ¥711.5m | ¥768.3m | ¥290.3m | ¥688.1m | ¥705.7m | ¥449.9m | ¥1.10bn | ¥690.8m |
| Operating income | ¥40.4m | ¥76.1m | −¥429.7m | −¥25.7m | −¥48.0m | −¥352.0m | ¥402.4m | −¥47.4m |
| Net income | −¥32.9m | ¥65.4m | −¥746.7m | −¥39.1m | −¥72.0m | −¥360.5m | ¥105.9m | ¥13.3m |
| Diluted earnings per share | -3.08 | 6.13 | -70.01 | -3.67 | -6.76 | -33.82 | 9.93 | 1.25 |
| Total assets | ¥9.33bn | ¥9.54bn | ¥9.93bn | ¥11.07bn | ¥10.78bn | ¥10.75bn | ¥10.89bn | ¥10.94bn |
| Cash and short-term investments | ¥756.8m | ¥853.9m | ¥1.05bn | ¥940.9m | ¥752.0m | ¥1.05bn | ¥610.7m | ¥835.6m |
| Debt | ¥1.13bn | ¥1.18bn | ¥2.10bn | ¥1.89bn | ¥1.54bn | ¥1.39bn | ¥1.77bn | ¥1.53bn |
| Shareholders' equity | ¥6.49bn | ¥6.57bn | ¥6.57bn | ¥7.34bn | ¥7.25bn | ¥7.20bn | ¥7.74bn | ¥7.76bn |
Financial ratios
Data as of 17 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 21.7% | 28.2% | 32.9% | 32.6% | 35.2% | 33.6% |
| Operating margin | -9.5% | 1.3% | 1.2% | 1.2% | 4.9% | 1.6% |
| Net margin | -13.5% | -1.0% | 1.0% | 0.5% | 3.3% | 1.3% |
| Return on equity | -18.6% | -1.3% | 1.3% | 0.7% | 4.8% | 2.0% |
| Return on assets | -12.3% | -0.9% | 1.0% | 0.5% | 3.7% | 1.3% |
| Free cash flow yield | 19.4% | -0.1% | 15.0% | 12.2% | 39.1% | 25.3% |
| Revenue growth | -10.6% | -2.4% | -4.9% | -15.8% | 2.9% | 2.9% |
| Earnings growth | 1088.0% | -194.8% | 88.1% | -86.3% | 155.6% | -222.5% |
| Current ratio | 2.19x | 2.38x | 2.87x | 3.23x | 2.97x | 2.59x |
| Debt to equity | 0.32x | 0.26x | 0.18x | 0.17x | 0.15x | 0.37x |
| Equity ratio | 66.1% | 71.1% | 72.5% | 72.9% | 77.6% | 62.1% |
| Interest coverage | -29.88x | 9.26x | 15.63x | 8.09x | 40.27x | 11.20x |
| R&D as a share of sales | 4.1% | 5.5% | 4.1% | 5.8% | 5.3% | 4.3% |
| Buybacks as a share of market value | -0.1% | 0.0% | -0.1% | -0.3% | -0.3% | -5.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.0% | -6.4% | -4.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.1% | 29.1% | 31.2% | 29.1% |
| Operating margin | -4.5% | -1.7% | 1.0% | 2.1% |
| Net margin | -6.9% | -2.9% | -0.9% | -0.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.0 | -42.0 | 39.9 | 92.6 | 13.2 | 47.7 | -102.5 | 229.7 | 34.2 | 41.0 |
| Price to sales | 0.5 | 0.4 | 0.4 | 0.5 | 0.4 | 0.6 | 1.1 | 0.4 | 0.3 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 18 years. Last went ex-dividend on 26 Feb 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 23.00 | 13.00 | 13.00 | 12.00 | 12.00 | 11.00 | 11.00 | 10.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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