S 
1,425
+0.28%
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
¥8.33bn
FY2017FY2026
Net income
−¥34.1m
FY2017FY2026
Free cash flow
¥36.1m
FY2017FY2026
Shareholders' equity
¥2.99bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥8.33bn | ¥8.36bn | ¥9.03bn | ¥9.42bn | ¥11.78bn | ¥11.38bn | ¥9.85bn | ¥4.54bn | ¥3.81bn | ¥3.99bn |
| Gross profit | ¥3.03bn | ¥2.94bn | ¥3.19bn | ¥3.09bn | ¥3.63bn | ¥3.43bn | ¥3.39bn | ¥1.35bn | ¥1.08bn | ¥1.08bn |
| Research and development | — | ¥47,000 | ¥280,000 | ¥12.8m | — | — | — | ¥10.7m | ¥25.5m | ¥59.7m |
| Operating income | −¥113.9m | ¥273.2m | ¥607.8m | ¥371.3m | ¥886.3m | ¥734.5m | ¥219.5m | −¥315.8m | ¥240.7m | ¥98.6m |
| Net income | −¥34.1m | ¥95.3m | ¥230.1m | ¥21.1m | ¥613.3m | ¥501.9m | ¥159.6m | −¥390.7m | ¥571.5m | ¥23.1m |
| Diluted earnings per share | -7.36 | 20.60 | 49.71 | 7.14 | 228.11 | 186.65 | 59.34 | -145.30 | 212.53 | 10.57 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥7.22bn | ¥7.46bn | ¥8.34bn | ¥7.40bn | ¥8.60bn | ¥8.61bn | ¥8.92bn | ¥6.81bn | ¥2.65bn | ¥2.41bn |
| Cash and short-term investments | ¥2.15bn | ¥2.75bn | ¥2.96bn | ¥2.02bn | ¥2.34bn | ¥2.12bn | ¥1.64bn | ¥2.79bn | ¥1.97bn | ¥1.44bn |
| Total liabilities | ¥4.23bn | ¥4.43bn | ¥5.53bn | ¥5.38bn | ¥6.59bn | ¥7.22bn | ¥8.04bn | ¥6.09bn | ¥2.03bn | ¥2.37bn |
| Debt | ¥2.09bn | ¥2.31bn | ¥3.10bn | ¥3.28bn | ¥3.97bn | ¥4.67bn | ¥5.40bn | ¥3.98bn | ¥842.5m | ¥1.11bn |
| Shareholders' equity | ¥2.99bn | ¥3.03bn | ¥2.81bn | ¥2.03bn | ¥2.00bn | ¥1.39bn | ¥883.7m | ¥724.0m | ¥615.6m | ¥43.0m |
| Shares outstanding | 5m | 5m | 5m | 3m | 3m | 3m | 3m | 3m | 3m | 2m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥128.6m | ¥261.4m | ¥775.3m | ¥411.1m | ¥1.07bn | ¥1.23bn | −¥83.0m | −¥533.6m | ¥278.5m | ¥85.2m |
| Capital spending | −¥92.5m | −¥86.3m | −¥30.8m | −¥34.8m | −¥131.2m | −¥22.0m | −¥55.0m | −¥62.3m | −¥63.0m | −¥31.7m |
| Free cash flow | ¥36.1m | ¥175.2m | ¥744.6m | ¥376.3m | ¥937.3m | ¥1.21bn | −¥138.0m | −¥596.0m | ¥215.5m | ¥53.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.15bn | ¥2.18bn | ¥2.14bn | ¥2.03bn | ¥1.98bn | ¥2.04bn | ¥2.14bn | ¥2.11bn |
| Gross profit | ¥722.3m | ¥813.2m | ¥788.7m | ¥715.8m | ¥716.7m | ¥760.0m | ¥798.4m | ¥781.4m |
| Operating income | ¥61.5m | −¥178.3m | ¥74.9m | −¥32.1m | ¥21.7m | −¥180.0m | ¥84.8m | ¥40.4m |
| Net income | ¥11.0m | −¥70.6m | ¥36.1m | −¥9.3m | ¥9.7m | −¥205.0m | ¥148.4m | ¥11.4m |
| Diluted earnings per share | 2.39 | -15.24 | 7.80 | -2.02 | 2.10 | -44.29 | 32.06 | 2.46 |
| Total assets | ¥7.10bn | ¥7.22bn | ¥6.91bn | ¥6.99bn | ¥6.94bn | ¥7.46bn | ¥7.49bn | ¥7.43bn |
| Cash and short-term investments | ¥2.05bn | ¥2.15bn | ¥1.84bn | ¥2.12bn | ¥2.25bn | ¥2.76bn | ¥2.82bn | ¥2.87bn |
| Debt | ¥591.7m | ¥1.49bn | ¥565.7m | ¥1.32bn | ¥703.0m | ¥1.78bn | ¥795.2m | ¥2.08bn |
| Shareholders' equity | ¥3.01bn | ¥2.99bn | ¥3.06bn | ¥3.03bn | ¥3.04bn | ¥3.03bn | ¥3.54bn | ¥3.28bn |
Financial ratios
Data as of 12 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 36.4% | 35.2% | 35.4% | 32.8% | 30.8% | 30.1% | — | — | — |
| Operating margin | -1.4% | 3.3% | 6.7% | 3.9% | 7.5% | 6.5% | — | — | — |
| Net margin | -0.4% | 1.1% | 2.5% | 0.2% | 5.2% | 4.4% | — | — | — |
| Return on equity | -1.1% | 3.1% | 8.2% | 1.0% | 30.6% | 36.2% | — | — | — |
| Return on assets | -0.5% | 1.3% | 2.8% | 0.3% | 7.1% | 5.8% | — | — | — |
| Free cash flow yield | 3.4% | 5.3% | 12.3% | 10.7% | 31.6% | 33.0% | — | — | — |
| Revenue growth | -0.4% | -7.4% | -4.1% | -20.0% | 3.5% | 15.6% | — | — | — |
| Earnings growth | -135.7% | -58.6% | 990.0% | -96.6% | 22.2% | 214.6% | — | — | — |
| Current ratio | 1.52x | 1.54x | 1.54x | 1.37x | 1.29x | 1.23x | — | — | — |
| Debt to equity | 0.50x | 0.59x | 0.89x | 1.62x | 1.98x | 3.37x | — | — | — |
| Equity ratio | 41.5% | 40.6% | 33.7% | 27.4% | 23.3% | 16.1% | — | — | — |
| Interest coverage | -4.88x | 10.62x | 22.83x | 16.16x | 31.23x | 14.75x | — | — | — |
| R&D as a share of sales | — | 0.0% | 0.0% | 0.1% | — | — | 0.2% | 0.7% | 1.5% |
| Buybacks as a share of market value | 0.0% | 0.0% | -56.6% | -9.9% | 0.0% | 0.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.0% | -6.1% | 8.8% |
| Operating income | — | — | -4.2% |
| Net income | — | — | -24.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 35.8% | 34.9% | 33.1% | 32.4% |
| Operating margin | 1.0% | 3.2% | 4.7% | 3.4% |
| Net margin | 0.4% | 0.9% | 2.4% | 1.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -193.2 | 58.5 | 21.6 | 105.9 | 2.5 | 5.7 | 21.6 | -7.2 | 3.1 | 164.1 |
| Price to sales | 0.8 | 0.7 | 0.6 | 0.2 | 0.1 | 0.3 | 0.3 | 0.6 | 0.5 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Jul 2008.
| FY2009 | FY2005 | FY2002 | |
|---|---|---|---|
| Paid in the year | 50.00 | 50.00 | 50.00 |
- 10-to-1 reverse split · 27 Sept 2017
- 11-for-10 split · 28 Mar 1989
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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