A 
926
+2.89%
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
¥3.64bn
FY2016FY2025
Net income
¥242.2m
FY2016FY2025
Free cash flow
¥539.4m
FY2016FY2025
Shareholders' equity
¥1.42bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.64bn | ¥3.09bn | ¥3.03bn | ¥2.77bn | ¥2.40bn | ¥1.82bn | ¥2.51bn | ¥2.31bn | ¥1.91bn | ¥1.79bn |
| Gross profit | ¥2.28bn | ¥1.83bn | ¥1.86bn | ¥1.77bn | ¥1.50bn | ¥1.01bn | ¥1.38bn | ¥1.30bn | ¥1.08bn | ¥1.01bn |
| Research and development | — | ¥12.5m | ¥17.0m | ¥11.5m | ¥9.9m | ¥7.4m | ¥28.6m | ¥30.1m | ¥5.8m | ¥4.1m |
| Operating income | ¥354.0m | −¥64.6m | ¥85.0m | ¥230.8m | ¥283.6m | −¥252.7m | ¥165.9m | ¥183.8m | ¥142.5m | ¥83.0m |
| Net income | ¥242.2m | −¥73.7m | ¥56.9m | ¥166.9m | ¥183.3m | −¥191.5m | ¥115.7m | ¥96.0m | ¥75.8m | ¥47.7m |
| Diluted earnings per share | 93.66 | -28.99 | 22.20 | 65.20 | 71.60 | -75.87 | 45.15 | 37.57 | 29.45 | 18.54 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥2.40bn | ¥1.90bn | ¥1.72bn | ¥1.86bn | ¥2.02bn | ¥1.95bn | ¥1.29bn | ¥1.42bn | ¥975.8m | ¥978.4m |
| Cash and short-term investments | ¥1.30bn | ¥822.6m | ¥986.9m | ¥1.10bn | ¥1.33bn | ¥1.29bn | ¥727.6m | ¥967.2m | ¥601.4m | ¥665.4m |
| Total liabilities | ¥987.0m | ¥717.5m | ¥466.5m | ¥652.6m | ¥982.4m | ¥1.10bn | ¥231.1m | ¥419.4m | ¥556.2m | ¥638.6m |
| Debt | ¥467.0m | ¥448.8m | ¥214.1m | ¥397.6m | ¥667.1m | ¥954.5m | ¥76.4m | ¥190.8m | ¥345.4m | ¥489.1m |
| Shareholders' equity | ¥1.42bn | ¥1.18bn | ¥1.26bn | ¥1.20bn | ¥1.04bn | ¥844.3m | ¥1.06bn | ¥998.7m | ¥419.6m | ¥339.8m |
| Shares outstanding | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥539.6m | −¥37.3m | ¥133.1m | ¥90.0m | ¥365.8m | −¥266.3m | ¥35.3m | ¥69.3m | ¥93.0m | ¥83.2m |
| Capital spending | −¥272,000 | −¥8.7m | −¥345,000 | −¥596,000 | −¥14.5m | −¥462,000 | −¥1.4m | −¥4.1m | −¥8.1m | −¥31.9m |
| Free cash flow | ¥539.4m | −¥46.0m | ¥132.8m | ¥89.4m | ¥351.3m | −¥266.8m | ¥33.9m | ¥65.2m | ¥84.9m | ¥51.4m |
| Dividends paid | −¥17.8m | −¥17.8m | −¥17.8m | −¥17.7m | −¥17.0m | −¥17.6m | −¥17.9m | −¥17.0m | −¥17.0m | −¥17.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.38bn | ¥606.4m | ¥1.04bn | ¥861.6m | ¥1.11bn | ¥621.6m | ¥916.7m | ¥695.0m |
| Gross profit | ¥928.8m | ¥332.5m | ¥661.2m | ¥529.7m | ¥746.3m | ¥341.1m | ¥550.5m | ¥391.6m |
| Operating income | ¥444.5m | −¥121.6m | ¥135.6m | ¥72.3m | ¥273.9m | −¥127.7m | ¥65.7m | −¥72.5m |
| Net income | ¥238.8m | −¥91.9m | ¥101.2m | ¥52.2m | ¥219.3m | −¥130.4m | ¥23.3m | −¥52.9m |
| Diluted earnings per share | 92.77 | -35.71 | 39.13 | 20.17 | 84.78 | -50.42 | 9.17 | -20.80 |
| Total assets | ¥2.50bn | ¥2.23bn | ¥2.40bn | ¥2.37bn | ¥2.27bn | ¥1.84bn | ¥1.90bn | ¥1.84bn |
| Cash and short-term investments | ¥1.49bn | ¥1.33bn | ¥1.30bn | ¥1.39bn | ¥1.29bn | ¥907.0m | ¥822.6m | ¥1.09bn |
| Debt | ¥449.9m | ¥533.4m | ¥467.0m | ¥530.9m | ¥682.2m | ¥444.2m | ¥282.3m | ¥314.7m |
| Shareholders' equity | ¥1.55bn | ¥1.30bn | ¥1.42bn | ¥1.30bn | ¥1.25bn | ¥1.03bn | ¥1.18bn | ¥1.15bn |
Financial ratios
Data as of 28 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 62.6% | 59.4% | 61.5% | 63.9% | 62.7% | 55.3% | — |
| Operating margin | 10.0% | -2.1% | 2.9% | 8.3% | 11.9% | -12.0% | — |
| Net margin | 6.7% | -2.4% | 1.9% | 6.0% | 7.6% | -10.5% | — |
| Return on equity | 17.1% | -6.2% | 4.5% | 13.9% | 17.7% | -22.7% | — |
| Return on assets | 10.1% | -3.9% | 3.3% | 9.0% | 9.1% | -9.8% | — |
| Free cash flow yield | 22.2% | -1.2% | 5.5% | 3.8% | 15.8% | -11.2% | — |
| Revenue growth | 17.8% | 2.0% | 9.3% | 15.7% | 31.7% | -27.5% | — |
| Earnings growth | -428.6% | -229.6% | -65.9% | -9.0% | -195.7% | -265.4% | — |
| Current ratio | 2.27x | 2.49x | 3.73x | 3.79x | 3.08x | 3.92x | — |
| Debt to equity | 0.33x | 0.38x | 0.17x | 0.33x | 0.64x | 1.13x | — |
| Equity ratio | 58.9% | 62.3% | 73.0% | 64.8% | 51.4% | 43.3% | — |
| Interest coverage | 47.78x | -19.24x | 43.84x | 66.42x | 53.75x | -45.17x | — |
| R&D as a share of sales | — | 0.4% | 0.6% | 0.4% | 0.4% | 0.4% | 1.1% |
| Buybacks as a share of market value | -1.7% | 0.7% | -0.1% | 0.0% | -1.4% | 1.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.5% | 14.9% | — |
| Operating income | 15.3% | — | — |
| Net income | 13.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 61.1% | 61.8% | 61.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.1 | -20.4 | 30.7 | 14.2 | 11.3 | -7.8 | 19.2 | 31.7 |
| Price to sales | 0.7 | 0.5 | 0.6 | 0.9 | 0.9 | 0.8 | 0.9 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|
| Paid in the year | 14.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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