C 
1,163
+2.11%
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
¥25.05bn
FY2017FY2026
Net income
−¥3.41bn
FY2017FY2026
Free cash flow
¥1.30bn
FY2017FY2026
Shareholders' equity
¥52.16bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥25.05bn | ¥27.05bn | ¥41.44bn | ¥35.27bn | ¥28.08bn | ¥27.02bn | ¥23.87bn | ¥27.88bn | ¥26.59bn | ¥22.48bn |
| Gross profit | ¥6.04bn | ¥7.21bn | ¥13.74bn | ¥10.62bn | ¥7.96bn | ¥8.30bn | ¥6.71bn | ¥8.43bn | ¥8.64bn | ¥6.93bn |
| Research and development | — | — | ¥386.0m | ¥320.0m | ¥294.0m | ¥233.0m | ¥189.0m | ¥151.0m | ¥127.1m | ¥130.0m |
| Operating income | −¥695.0m | ¥628.1m | ¥6.91bn | ¥4.93bn | ¥2.81bn | ¥3.02bn | ¥1.67bn | ¥3.36bn | ¥4.70bn | ¥3.49bn |
| Net income | −¥3.41bn | −¥113.7m | ¥5.17bn | ¥3.16bn | ¥1.90bn | ¥1.08bn | ¥304.0m | ¥2.13bn | ¥3.26bn | ¥2.56bn |
| Diluted earnings per share | -82.80 | -2.76 | 125.67 | 95.33 | 55.61 | 31.62 | 8.77 | 60.53 | 90.72 | 71.20 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥60.58bn | ¥60.33bn | ¥54.40bn | ¥49.17bn | ¥46.04bn | ¥44.68bn | ¥42.45bn | ¥44.48bn | ¥45.40bn | ¥41.79bn |
| Cash and short-term investments | ¥30.27bn | ¥28.09bn | ¥16.91bn | ¥13.38bn | ¥15.38bn | ¥18.26bn | ¥11.57bn | ¥8.27bn | ¥12.44bn | ¥12.82bn |
| Total liabilities | ¥8.41bn | ¥4.50bn | ¥7.14bn | ¥6.85bn | ¥5.10bn | ¥5.33bn | ¥4.18bn | ¥4.36bn | ¥5.35bn | ¥4.10bn |
| Debt | ¥226.0m | ¥281.8m | ¥325.1m | ¥323.9m | ¥432.8m | ¥112.6m | ¥141.4m | ¥263.5m | — | — |
| Shareholders' equity | ¥52.16bn | ¥55.84bn | ¥47.09bn | ¥42.21bn | ¥40.87bn | ¥39.31bn | ¥38.23bn | ¥40.08bn | ¥40.01bn | ¥37.66bn |
| Shares outstanding | 41m | 41m | 41m | 33m | 34m | 34m | 35m | 35m | 36m | 36m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥3.04bn | ¥3.86bn | ¥5.53bn | ¥1.03bn | −¥1.02bn | ¥2.44bn | ¥3.02bn | ¥3.76bn | ¥2.35bn | ¥2.30bn |
| Capital spending | −¥1.73bn | −¥1.77bn | −¥1.21bn | −¥862.6m | −¥875.1m | −¥600.1m | −¥908.4m | −¥3.58bn | −¥1.89bn | −¥619.6m |
| Free cash flow | ¥1.30bn | ¥2.09bn | ¥4.32bn | ¥169.0m | −¥1.90bn | ¥1.84bn | ¥2.11bn | ¥177.7m | ¥455.8m | ¥1.68bn |
| Dividends paid | −¥2.26bn | −¥2.00bn | −¥1.46bn | −¥954.0m | −¥684.8m | −¥762.1m | −¥562.1m | −¥1.18bn | −¥1.15bn | −¥655.4m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥7.81bn | ¥7.70bn | ¥6.21bn | ¥6.06bn | ¥5.08bn | ¥5.84bn | ¥6.36bn | ¥6.45bn |
| Gross profit | ¥2.33bn | ¥2.00bn | ¥1.44bn | ¥1.30bn | ¥1.30bn | ¥1.49bn | ¥1.67bn | ¥1.61bn |
| Operating income | ¥546.0m | ¥203.0m | −¥239.0m | −¥270.0m | −¥389.0m | −¥102.1m | ¥95.8m | ¥55.8m |
| Net income | ¥661.0m | −¥3.17bn | −¥234.0m | ¥62.0m | −¥68.0m | −¥395.3m | ¥3.0m | −¥15.0m |
| Diluted earnings per share | 16.07 | -76.97 | -5.69 | 1.51 | -1.65 | -9.62 | 0.07 | -0.36 |
| Cash from operations | — | — | — | — | — | ¥904.0m | ¥904.0m | ¥1.02bn |
| Capital spending | — | — | — | — | — | −¥278.0m | −¥279.0m | −¥496.0m |
| Free cash flow | — | — | — | — | — | ¥626.0m | ¥625.0m | ¥527.0m |
| Total assets | ¥61.70bn | ¥60.58bn | ¥59.61bn | ¥59.99bn | ¥59.24bn | ¥60.00bn | ¥60.84bn | ¥62.69bn |
| Cash and short-term investments | ¥28.41bn | ¥30.27bn | ¥28.70bn | ¥30.00bn | ¥28.41bn | ¥28.09bn | ¥27.27bn | ¥28.20bn |
| Debt | ¥112.0m | ¥128.0m | ¥138.0m | ¥132.0m | ¥149.0m | ¥165.0m | ¥178.6m | ¥207.6m |
| Shareholders' equity | ¥51.84bn | ¥52.16bn | ¥54.68bn | ¥55.55bn | ¥55.19bn | ¥55.84bn | ¥56.77bn | ¥58.03bn |
Financial ratios
Data as of 18 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 24.1% | 26.6% | 33.2% | 30.1% | 28.3% | 30.7% | — | — |
| Operating margin | -2.8% | 2.3% | 16.7% | 14.0% | 10.0% | 11.2% | — | — |
| Net margin | -13.6% | -0.4% | 12.5% | 9.0% | 6.8% | 4.0% | — | — |
| Return on equity | -6.5% | -0.2% | 11.0% | 7.5% | 4.6% | 2.7% | — | — |
| Return on assets | -5.6% | -0.2% | 9.5% | 6.4% | 4.1% | 2.4% | — | — |
| Free cash flow yield | 8.2% | 9.6% | 11.5% | 4.0% | -0.3% | 6.3% | — | — |
| Revenue growth | -7.4% | -34.7% | 17.5% | 25.6% | 3.9% | 13.2% | — | — |
| Earnings growth | 2896.6% | -102.2% | 63.5% | 66.9% | 75.9% | 254.5% | — | — |
| Current ratio | 11.28x | 16.87x | 6.85x | 6.70x | 8.64x | 7.35x | — | — |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | — | — |
| Equity ratio | 86.1% | 92.5% | 86.6% | 85.8% | 88.8% | 88.0% | — | — |
| Interest coverage | -99.29x | 50.65x | 716.56x | 435.59x | 267.36x | 810.31x | — | — |
| R&D as a share of sales | — | — | 0.9% | 0.9% | 1.0% | 0.9% | 0.8% | 0.5% |
| Buybacks as a share of market value | 0.0% | 0.0% | -24.0% | 2.7% | -0.0% | 1.7% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.8% | -1.5% | 1.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.4% | 29.2% | 29.3% | 29.8% |
| Operating margin | -0.1% | 9.1% | 9.6% | 10.8% |
| Net margin | -6.8% | 3.7% | 4.2% | 5.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -14.6 | -394.1 | 8.5 | 14.4 | 18.2 | 27.0 | 143.3 | 19.5 | 10.2 | 26.0 |
| Price to sales | 2.0 | 1.7 | 1.1 | 1.3 | 1.2 | 1.1 | 1.8 | 1.5 | 1.3 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 34 years. Last went ex-dividend on 19 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 55.00 | 82.00 | 44.00 | 28.00 | 20.00 | 22.00 | 16.00 | 33.00 |
- 2-for-1 split · 16 May 2006
- 1.1-for-1 split · 15 May 1997
- 1.2-for-1 split · 15 May 1996
- 1.2-for-1 split · 16 May 1995
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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