2,243
+2.98%
Close of 9 Nov 2026, in JPY
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At a glance
Figures in JPY, from our data supplier.
Revenue
¥55.47bn
FY2017FY2026
Net income
¥4.34bn
FY2017FY2026
Free cash flow
¥6.34bn
FY2017FY2026
Shareholders' equity
¥50.02bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥55.47bn | ¥53.73bn | ¥51.71bn | ¥45.73bn | ¥40.64bn | ¥35.42bn | ¥39.17bn | ¥39.76bn | ¥40.13bn | ¥39.64bn |
| Gross profit | ¥22.77bn | ¥20.32bn | ¥19.46bn | ¥15.61bn | ¥15.54bn | ¥12.89bn | ¥14.07bn | ¥14.18bn | ¥14.21bn | ¥13.67bn |
| Research and development | — | ¥826.0m | ¥825.0m | ¥701.0m | ¥598.0m | ¥441.0m | ¥754.0m | ¥727.0m | ¥720.0m | ¥663.0m |
| Operating income | ¥5.74bn | ¥4.94bn | ¥5.21bn | ¥3.09bn | ¥3.83bn | ¥1.91bn | ¥2.54bn | ¥2.76bn | ¥2.53bn | ¥2.50bn |
| Net income | ¥4.34bn | ¥4.80bn | ¥4.65bn | ¥2.96bn | ¥3.33bn | ¥1.28bn | ¥1.92bn | ¥2.35bn | ¥1.33bn | ¥211.0m |
| Diluted earnings per share | 255.67 | 307.12 | 314.63 | 200.46 | 225.36 | 86.36 | 129.74 | 158.90 | 89.74 | 14.28 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥76.59bn | ¥67.67bn | ¥62.75bn | ¥57.34bn | ¥55.59bn | ¥50.55bn | ¥50.25bn | ¥50.73bn | ¥52.42bn | ¥53.21bn |
| Cash and short-term investments | ¥25.06bn | ¥15.69bn | ¥16.37bn | ¥12.05bn | ¥10.79bn | ¥10.06bn | ¥8.80bn | ¥10.42bn | ¥8.95bn | ¥8.55bn |
| Total liabilities | ¥26.56bn | ¥23.61bn | ¥24.18bn | ¥25.80bn | ¥27.35bn | ¥27.00bn | ¥27.94bn | ¥29.76bn | ¥32.17bn | ¥34.55bn |
| Debt | ¥15.31bn | ¥13.08bn | ¥12.41bn | ¥16.02bn | ¥16.01bn | ¥17.89bn | ¥19.86bn | ¥21.45bn | ¥23.52bn | ¥25.68bn |
| Shareholders' equity | ¥50.02bn | ¥44.05bn | ¥38.57bn | ¥31.54bn | ¥28.24bn | ¥23.54bn | ¥22.30bn | ¥20.96bn | ¥20.24bn | ¥18.65bn |
| Shares outstanding | 17m | 16m | 15m | 15m | 15m | 15m | 15m | 15m | 15m | 15m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥10.28bn | ¥2.92bn | ¥10.15bn | ¥3.90bn | ¥5.03bn | ¥5.84bn | ¥2.78bn | ¥6.46bn | ¥5.60bn | ¥5.54bn |
| Capital spending | −¥3.93bn | −¥4.15bn | −¥2.84bn | −¥3.08bn | −¥3.29bn | −¥2.37bn | −¥2.31bn | −¥2.52bn | −¥2.54bn | −¥2.76bn |
| Free cash flow | ¥6.34bn | −¥1.24bn | ¥7.31bn | ¥826.0m | ¥1.75bn | ¥3.47bn | ¥468.0m | ¥3.94bn | ¥3.06bn | ¥2.77bn |
| Dividends paid | −¥1.03bn | −¥627.0m | −¥479.0m | −¥443.0m | −¥221.0m | −¥332.0m | −¥443.0m | −¥444.0m | −¥444.0m | −¥444.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥12.98bn | ¥16.09bn | ¥14.25bn | ¥12.63bn | ¥12.51bn | ¥15.00bn | ¥13.79bn | ¥13.16bn |
| Gross profit | ¥5.48bn | ¥6.66bn | ¥5.90bn | ¥5.16bn | ¥5.05bn | ¥6.09bn | ¥5.40bn | ¥4.96bn |
| Operating income | ¥984.0m | ¥2.10bn | ¥1.56bn | ¥1.23bn | ¥843.0m | ¥1.90bn | ¥1.36bn | ¥1.07bn |
| Net income | ¥555.0m | ¥1.63bn | ¥1.10bn | ¥1.03bn | ¥584.0m | ¥2.65bn | ¥878.0m | ¥1.15bn |
| Diluted earnings per share | 32.68 | 95.80 | 70.33 | 66.04 | 37.37 | 169.33 | 59.42 | 77.96 |
| Total assets | ¥75.89bn | ¥76.59bn | ¥74.22bn | ¥67.89bn | ¥66.93bn | ¥67.67bn | ¥67.53bn | ¥66.84bn |
| Cash and short-term investments | ¥22.52bn | ¥25.06bn | ¥23.16bn | ¥17.49bn | ¥17.14bn | ¥15.69bn | ¥14.90bn | ¥16.15bn |
| Debt | ¥3.70bn | ¥15.16bn | ¥4.02bn | ¥11.97bn | ¥5.45bn | ¥12.96bn | ¥5.85bn | ¥12.91bn |
| Shareholders' equity | ¥50.69bn | ¥50.02bn | ¥46.81bn | ¥45.23bn | ¥43.58bn | ¥44.05bn | ¥41.79bn | ¥41.26bn |
Financial ratios
Data as of 19 Sept 2026
| FY2026 | FY2025 | FY2025 | FY2024 | FY2024 | FY2023 | FY2023 | FY2022 | FY2022 | FY2021 | FY2021 | FY2020 | FY2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 41.0% | — | 37.8% | — | 37.6% | — | 34.1% | — | 38.2% | — | 36.4% | — | — |
| Operating margin | 10.4% | — | 9.2% | — | 10.1% | — | 6.8% | — | 9.4% | — | 5.4% | — | — |
| Net margin | 7.8% | — | 8.9% | — | 9.0% | — | 6.5% | — | 8.2% | — | 3.6% | — | — |
| Return on equity | 8.7% | — | 10.9% | — | 12.1% | — | 9.4% | — | 11.8% | — | 5.4% | — | — |
| Return on assets | 5.7% | — | 7.1% | — | 7.4% | — | 5.2% | — | 6.0% | — | 2.5% | — | — |
| Revenue growth | 3.2% | — | 3.9% | — | 13.1% | — | 12.5% | — | 14.8% | — | -9.6% | — | — |
| Earnings growth | -9.5% | — | 3.2% | — | 57.0% | — | -11.1% | — | 161.0% | — | -33.4% | — | — |
| Current ratio | 3.66x | — | 2.96x | — | 2.62x | — | 2.20x | — | 2.01x | — | 2.02x | — | — |
| Debt to equity | 0.30x | — | 0.29x | — | 0.32x | — | 0.51x | — | 0.56x | — | 0.75x | — | — |
| Equity ratio | 65.3% | — | 65.1% | — | 61.5% | — | 55.0% | — | 50.8% | — | 46.6% | — | — |
| Interest coverage | 55.76x | — | 58.80x | — | 55.97x | — | 31.57x | — | 33.00x | — | 13.44x | — | — |
| R&D as a share of sales | — | — | 1.5% | — | 1.6% | — | 1.5% | — | 1.5% | — | 1.2% | — | 1.9% |
| Buybacks as a share of market value | — | -5.8% | — | 0.0% | — | 0.0% | — | 0.0% | — | 0.0% | — | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.6% | 9.4% | 2.3% |
| Operating income | 22.9% | 24.7% | 24.8% |
| Net income | 13.6% | 27.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 39.4% | 37.8% | 37.7% | 36.4% |
| Operating margin | 9.8% | 9.2% | 8.7% | 7.3% |
| Net margin | 8.4% | 8.1% | 7.6% | 4.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.6 | 7.9 | 4.8 | 6.0 | 3.2 | 12.5 | 3.9 | 4.6 | 7.9 | 86.7 |
| Price to sales | 0.7 | 0.7 | 0.4 | 0.4 | 0.3 | 0.5 | 0.2 | 0.3 | 0.3 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 27 years. Last went ex-dividend on 29 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 40.00 | 114.00 | 42.50 | 32.50 | 30.00 | 15.00 | 22.50 | 30.00 |
- 6-for-5 split · 25 Sept 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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