A 
364
+4.60%
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
¥49.17bn
FY2017FY2025
Net income
¥3.66bn
FY2017FY2025
Free cash flow
−¥4.38bn
FY2017FY2025
Shareholders' equity
¥36.13bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥49.17bn | ¥42.48bn | ¥31.98bn | ¥23.07bn | ¥15.33bn | ¥9.17bn | ¥5.37bn | ¥3.10bn | ¥1.86bn |
| Gross profit | ¥14.79bn | ¥17.05bn | ¥13.26bn | ¥9.67bn | ¥6.29bn | ¥3.75bn | ¥2.15bn | ¥1.27bn | ¥760.4m |
| Operating income | ¥6.17bn | ¥10.61bn | ¥8.62bn | ¥6.11bn | ¥3.93bn | ¥1.88bn | ¥909.7m | ¥403.1m | ¥217.1m |
| Net income | ¥3.66bn | ¥7.44bn | ¥6.31bn | ¥4.28bn | ¥2.63bn | ¥1.24bn | ¥602.6m | ¥287.3m | ¥126.9m |
| Diluted earnings per share | 37.53 | 76.16 | 64.31 | 43.62 | 26.78 | 13.45 | 6.56 | 2.93 | 1.59 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥84.16bn | ¥71.99bn | ¥55.69bn | ¥41.85bn | ¥31.99bn | ¥16.52bn | ¥7.00bn | ¥3.34bn | — |
| Cash and short-term investments | ¥10.83bn | ¥8.87bn | ¥12.13bn | ¥11.34bn | ¥11.19bn | ¥3.33bn | ¥452.9m | ¥486.8m | — |
| Total liabilities | ¥48.02bn | ¥38.77bn | ¥29.17bn | ¥21.39bn | ¥15.65bn | ¥11.26bn | ¥5.93bn | ¥2.87bn | — |
| Debt | ¥40.15bn | ¥31.75bn | ¥23.05bn | ¥17.43bn | ¥12.75bn | ¥9.55bn | ¥5.05bn | ¥2.23bn | ¥268.9m |
| Shareholders' equity | ¥36.13bn | ¥33.21bn | ¥26.52bn | ¥20.46bn | ¥16.34bn | ¥5.25bn | ¥1.07bn | ¥467.6m | — |
| Shares outstanding | 98m | 98m | 98m | 98m | 98m | 92m | 92m | 98m | 80m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥6.03bn | ¥7.48bn | ¥6.80bn | ¥4.42bn | ¥2.58bn | ¥1.17bn | ¥445.2m | ¥328.1m | — |
| Capital spending | −¥10.41bn | −¥15.98bn | −¥9.86bn | −¥7.12bn | −¥5.36bn | −¥4.95bn | −¥1.18bn | −¥759.1m | — |
| Free cash flow | −¥4.38bn | −¥8.50bn | −¥3.06bn | −¥2.70bn | −¥2.78bn | −¥3.78bn | −¥739.3m | −¥431.0m | — |
| Dividends paid | −¥391.0m | −¥294.0m | −¥293.0m | −¥218.0m | −¥135.0m | −¥60.0m | −¥60.0m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥12.69bn | ¥12.66bn | ¥12.94bn | ¥12.81bn | ¥12.54bn | ¥12.05bn | ¥11.77bn | ¥11.76bn |
| Gross profit | ¥3.09bn | ¥3.35bn | ¥3.71bn | ¥3.56bn | ¥3.49bn | ¥3.71bn | ¥4.03bn | ¥4.28bn |
| Operating income | ¥820.0m | ¥1.21bn | ¥1.60bn | ¥1.81bn | ¥954.0m | ¥1.73bn | ¥2.01bn | ¥2.45bn |
| Net income | ¥589.0m | ¥815.0m | ¥1.08bn | ¥662.0m | ¥310.0m | ¥1.34bn | ¥1.35bn | ¥1.70bn |
| Diluted earnings per share | 6.00 | 8.30 | 11.08 | 6.79 | 3.18 | 13.76 | 13.78 | 17.38 |
| Total assets | ¥78.56bn | ¥83.92bn | ¥83.35bn | ¥84.16bn | ¥82.64bn | ¥82.68bn | ¥73.61bn | ¥71.99bn |
| Cash and short-term investments | ¥3.27bn | ¥9.21bn | ¥9.16bn | ¥10.83bn | ¥9.67bn | ¥11.81bn | ¥7.38bn | ¥8.87bn |
| Debt | ¥5.45bn | ¥30.26bn | ¥12.57bn | ¥31.94bn | ¥12.31bn | ¥32.01bn | ¥7.59bn | ¥7.66bn |
| Shareholders' equity | ¥38.55bn | ¥37.94bn | ¥36.83bn | ¥36.13bn | ¥35.48bn | ¥35.16bn | ¥33.78bn | ¥33.21bn |
Financial ratios
Data as of 18 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 30.1% | 40.2% | 41.4% | 41.9% | 41.0% | 40.8% |
| Operating margin | 12.5% | 25.0% | 28.7% | 26.5% | 25.6% | 20.5% |
| Net margin | 7.4% | 17.5% | 19.7% | 18.5% | 17.1% | 13.5% |
| Return on equity | 10.1% | 22.4% | 23.8% | 20.9% | 16.1% | 23.6% |
| Return on assets | 4.3% | 10.3% | 11.3% | 10.2% | 8.2% | 7.5% |
| Free cash flow yield | 42.3% | 60.4% | 42.6% | 29.5% | 20.4% | 16.7% |
| Revenue growth | 15.8% | 32.8% | 38.6% | 50.5% | 67.1% | 70.8% |
| Earnings growth | -50.8% | 17.9% | 47.5% | 62.9% | 112.0% | 105.6% |
| Current ratio | 1.12x | 1.34x | 1.86x | 2.35x | 2.94x | 1.61x |
| Debt to equity | 0.88x | 0.74x | 0.66x | 0.63x | 0.55x | 1.20x |
| Equity ratio | 42.9% | 46.1% | 47.6% | 48.9% | 51.1% | 31.8% |
| Interest coverage | 10.95x | 29.55x | 39.88x | 29.11x | 26.03x | 16.19x |
| Buybacks as a share of market value | 0.1% | 0.5% | -0.0% | -0.0% | -6.4% | -0.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 28.7% | 39.9% | — |
| Operating income | 0.3% | 26.8% | — |
| Net income | -5.1% | 24.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.7% | 37.3% | 37.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 12.6 | 9.6 | 46.7 | 76.6 | 98.8 | 98.5 | 128.9 |
| Price to sales | 0.9 | 1.7 | 9.2 | 14.2 | 16.9 | 13.3 | 14.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 29 Sept 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 8.00 | 4.00 | 3.00 | 3.00 | 2.25 | 1.50 | 0.75 |
- 2-for-1 split · 29 Sept 2022
- 2-for-1 split · 29 Dec 2021
- 2-for-1 split · 30 Mar 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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