M 
979
+3.27%
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
¥50.58bn
FY2018FY2026
Net income
¥2.35bn
FY2018FY2026
Free cash flow
¥1.59bn
FY2018FY2026
Shareholders' equity
¥12.61bn
FY2018FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥50.58bn | ¥51.67bn | ¥39.41bn | ¥19.59bn | ¥14.43bn | ¥9.78bn | ¥6.47bn | ¥4.69bn | ¥3.36bn |
| Gross profit | ¥8.64bn | ¥8.96bn | ¥7.66bn | ¥3.90bn | ¥2.52bn | ¥1.60bn | ¥1.17bn | ¥720.2m | ¥472.4m |
| Research and development | — | ¥268.0m | ¥167.0m | ¥9.0m | ¥22.3m | — | — | ¥4.9m | — |
| Operating income | ¥3.65bn | ¥5.20bn | ¥4.05bn | ¥2.16bn | ¥1.24bn | ¥785.7m | ¥374.3m | ¥198.6m | ¥110.6m |
| Net income | ¥2.35bn | ¥3.44bn | ¥2.73bn | ¥1.57bn | ¥760.3m | ¥547.2m | ¥263.9m | ¥139.4m | ¥79.5m |
| Diluted earnings per share | 188.99 | 248.02 | 196.36 | 106.27 | 56.39 | 40.60 | 19.58 | 11.20 | 6.38 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥24.09bn | ¥23.07bn | ¥20.23bn | ¥17.52bn | ¥5.88bn | ¥3.35bn | ¥2.32bn | ¥1.35bn | ¥925.2m |
| Cash and short-term investments | ¥7.31bn | ¥7.51bn | ¥11.33bn | ¥9.66bn | ¥2.10bn | ¥1.92bn | ¥1.37bn | ¥566.4m | ¥438.9m |
| Total liabilities | ¥11.40bn | ¥10.84bn | ¥10.20bn | ¥9.35bn | ¥3.09bn | ¥1.46bn | ¥985.2m | ¥1.05bn | ¥768.2m |
| Debt | ¥4.57bn | ¥3.16bn | ¥3.03bn | ¥4.08bn | ¥1.04bn | ¥88.9m | ¥153.5m | ¥332.3m | ¥327.6m |
| Shareholders' equity | ¥12.61bn | ¥12.15bn | ¥9.96bn | ¥8.10bn | ¥2.71bn | ¥1.89bn | ¥1.33bn | ¥296.4m | ¥157.0m |
| Shares outstanding | 12m | 14m | 14m | 15m | 13m | 13m | 13m | 12m | 12m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.63bn | −¥341.0m | ¥4.90bn | ¥1.48bn | ¥744.7m | ¥773.8m | ¥240.7m | ¥150.3m | ¥114.0m |
| Capital spending | −¥30.0m | −¥30.0m | −¥11.0m | −¥25.0m | −¥50.5m | −¥45.8m | −¥2.5m | −¥10.2m | −¥15.3m |
| Free cash flow | ¥1.59bn | −¥371.0m | ¥4.89bn | ¥1.46bn | ¥694.2m | ¥728.1m | ¥238.2m | ¥140.1m | ¥98.8m |
| Dividends paid | −¥249.0m | −¥249.0m | −¥201.0m | — | — | −¥50.0m | −¥4.5m | — | — |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥12.29bn | ¥12.89bn | ¥12.41bn | ¥12.50bn | ¥12.78bn | ¥13.29bn | ¥13.53bn | ¥13.29bn |
| Gross profit | ¥2.09bn | ¥2.30bn | ¥2.09bn | ¥2.17bn | ¥2.08bn | ¥1.72bn | ¥2.42bn | ¥2.29bn |
| Operating income | ¥766.0m | ¥1.05bn | ¥933.0m | ¥916.0m | ¥753.0m | ¥447.0m | ¥1.32bn | ¥1.43bn |
| Net income | ¥441.0m | ¥603.0m | ¥632.0m | ¥613.0m | ¥506.0m | ¥664.0m | ¥908.0m | ¥947.0m |
| Diluted earnings per share | 35.41 | 48.41 | 50.74 | 44.16 | 36.45 | 47.83 | 65.41 | 68.11 |
| Cash from operations | ¥390.0m | ¥1.86bn | −¥694.0m | ¥614.0m | −¥151.0m | — | −¥121.0m | ¥343.0m |
| Capital spending | −¥16.0m | −¥12.0m | −¥15.0m | −¥1.0m | −¥2.0m | — | −¥8.0m | −¥2.0m |
| Free cash flow | ¥374.0m | ¥1.84bn | −¥709.0m | ¥613.0m | −¥153.0m | — | −¥129.0m | ¥341.0m |
| Total assets | ¥23.46bn | ¥24.09bn | ¥23.27bn | ¥23.21bn | ¥22.36bn | ¥21.45bn | ¥21.80bn | ¥21.77bn |
| Cash and short-term investments | ¥6.29bn | ¥7.31bn | ¥5.71bn | ¥6.58bn | ¥6.34bn | ¥7.51bn | ¥7.25bn | ¥7.72bn |
| Debt | ¥1.79bn | ¥4.39bn | ¥1.69bn | ¥2.63bn | ¥1.76bn | ¥2.85bn | ¥2.64bn | ¥2.47bn |
| Shareholders' equity | ¥12.22bn | ¥12.61bn | ¥13.97bn | ¥13.15bn | ¥12.53bn | ¥11.19bn | ¥10.50bn | ¥10.01bn |
Financial ratios
Data as of 25 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 17.1% | 17.3% | 19.4% | 19.9% | 17.5% | 16.3% | — |
| Operating margin | 7.2% | 10.1% | 10.3% | 11.0% | 8.6% | 8.0% | — |
| Net margin | 4.7% | 6.7% | 6.9% | 8.0% | 5.3% | 5.6% | — |
| Return on equity | 18.7% | 28.3% | 27.4% | 19.3% | 28.1% | 29.0% | — |
| Return on assets | 9.8% | 14.9% | 13.5% | 8.9% | 12.9% | 16.3% | — |
| Free cash flow yield | 11.4% | -2.1% | 30.8% | 8.8% | 4.8% | 5.0% | — |
| Revenue growth | -2.1% | 31.1% | 101.2% | 35.8% | 47.5% | 51.2% | — |
| Earnings growth | -31.6% | 26.1% | 74.3% | 106.0% | 38.9% | 107.4% | — |
| Current ratio | 1.94x | 1.78x | 1.85x | 1.87x | 1.62x | 2.19x | — |
| Debt to equity | 0.35x | 0.23x | 0.30x | 0.50x | 0.39x | 0.05x | — |
| Equity ratio | 52.4% | 52.7% | 49.2% | 46.2% | 46.1% | 56.3% | — |
| Interest coverage | 22.96x | 129.90x | 130.55x | 180.25x | 288.31x | 1016.43x | — |
| R&D as a share of sales | — | 0.5% | 0.4% | 0.0% | 0.2% | — | 0.1% |
| Buybacks as a share of market value | 10.3% | 0.2% | 5.7% | -9.3% | -0.0% | -0.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 37.2% | 38.9% | — |
| Operating income | 19.1% | 36.0% | — |
| Net income | 14.6% | 33.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.2% | 18.1% | 18.0% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 5.3 | 6.1 | 14.6 | 43.5 | 45.4 | 39.4 | 54.7 |
| Price to sales | 0.3 | 0.4 | 1.0 | 3.5 | 2.4 | 2.2 | 2.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 28 Apr 2026.
| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Paid in the year | 55.00 | 36.00 | 14.00 |
- 4-for-1 split · 30 May 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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