3,300
+2.80%
Close of 9 Nov 2026, in JPY
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At a glance
Figures in JPY, from our data supplier.
Revenue
¥99.97bn
FY2017FY2026
Net income
¥11.66bn
FY2017FY2026
Free cash flow
¥4.46bn
FY2017FY2026
Shareholders' equity
¥82.25bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥99.97bn | ¥96.34bn | ¥88.06bn | ¥97.97bn | ¥94.02bn | ¥99.45bn | ¥94.63bn | ¥91.18bn | ¥95.31bn | ¥101.09bn |
| Gross profit | ¥19.58bn | ¥15.84bn | ¥14.08bn | ¥12.54bn | ¥13.29bn | ¥16.07bn | ¥15.62bn | ¥15.50bn | ¥14.42bn | ¥2.45bn |
| Research and development | — | ¥1.55bn | ¥1.81bn | ¥2.01bn | ¥2.13bn | ¥1.77bn | ¥1.48bn | ¥1.34bn | ¥1.26bn | ¥1.58bn |
| Operating income | ¥11.62bn | ¥6.94bn | ¥6.06bn | ¥4.46bn | ¥6.24bn | ¥9.05bn | ¥8.55bn | ¥8.50bn | ¥7.27bn | −¥5.19bn |
| Net income | ¥11.66bn | ¥6.42bn | ¥5.38bn | ¥3.12bn | ¥5.23bn | ¥7.93bn | ¥7.89bn | ¥9.20bn | −¥8.27bn | −¥5.12bn |
| Diluted earnings per share | 808.15 | 444.65 | 372.89 | 216.06 | 362.19 | 549.32 | 547.00 | 637.27 | -572.95 | -354.99 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥152.56bn | ¥131.16bn | ¥136.40bn | ¥124.36bn | ¥132.87bn | ¥136.59bn | ¥127.81bn | ¥134.19bn | ¥127.41bn | ¥129.19bn |
| Cash and short-term investments | ¥5.09bn | ¥3.44bn | ¥3.91bn | ¥3.57bn | ¥29.31bn | ¥20.97bn | ¥13.46bn | ¥12.92bn | ¥16.04bn | ¥11.97bn |
| Total liabilities | ¥70.31bn | ¥66.51bn | ¥74.17bn | ¥73.24bn | ¥84.85bn | ¥91.30bn | ¥93.31bn | ¥101.75bn | ¥106.45bn | ¥101.08bn |
| Debt | ¥32.60bn | ¥36.47bn | ¥39.54bn | ¥43.31bn | ¥54.06bn | ¥57.30bn | ¥58.99bn | ¥57.84bn | ¥58.08bn | ¥27.53bn |
| Shareholders' equity | ¥82.25bn | ¥64.65bn | ¥62.23bn | ¥50.96bn | ¥47.87bn | ¥45.15bn | ¥34.38bn | ¥32.33bn | ¥20.85bn | ¥28.02bn |
| Shares outstanding | 14m | 14m | 14m | 14m | 14m | 14m | 14m | 14m | 14m | 14m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥8.00bn | ¥1.45bn | −¥2.48bn | ¥7.15bn | ¥14.51bn | ¥11.54bn | ¥1.31bn | −¥1.34bn | −¥37.19bn | −¥2.34bn |
| Capital spending | −¥3.54bn | −¥2.83bn | −¥2.03bn | −¥1.73bn | −¥2.56bn | −¥3.12bn | −¥4.62bn | −¥1.23bn | −¥1.00bn | −¥1.08bn |
| Free cash flow | ¥4.46bn | −¥1.38bn | −¥4.51bn | ¥5.42bn | ¥11.95bn | ¥8.42bn | −¥3.31bn | −¥2.57bn | −¥38.19bn | −¥3.42bn |
| Dividends paid | −¥575.0m | −¥431.0m | −¥287.0m | −¥287.0m | −¥287.0m | −¥287.0m | −¥287.0m | −¥287.0m | −¥2.0m | −¥2.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥23.65bn | ¥28.15bn | ¥25.26bn | ¥23.33bn | ¥23.23bn | ¥25.47bn | ¥25.32bn | ¥24.14bn |
| Gross profit | ¥4.92bn | ¥6.24bn | ¥5.21bn | ¥4.45bn | ¥3.68bn | ¥4.34bn | ¥3.33bn | ¥4.92bn |
| Operating income | ¥2.92bn | ¥4.34bn | ¥3.24bn | ¥2.47bn | ¥1.57bn | ¥2.34bn | ¥1.37bn | ¥2.95bn |
| Net income | ¥2.66bn | ¥3.03bn | ¥2.87bn | ¥4.43bn | ¥1.32bn | ¥2.40bn | ¥1.09bn | ¥2.38bn |
| Diluted earnings per share | 184.63 | 210.20 | 199.04 | 307.15 | 91.76 | 166.67 | 75.67 | 165.28 |
| Total assets | ¥153.31bn | ¥152.56bn | ¥139.18bn | ¥134.80bn | ¥132.82bn | ¥131.16bn | ¥130.50bn | ¥129.44bn |
| Cash and short-term investments | ¥3.18bn | ¥5.09bn | ¥3.11bn | ¥13.83bn | ¥3.51bn | ¥3.44bn | ¥3.75bn | ¥17.44bn |
| Debt | ¥16.68bn | ¥30.52bn | ¥3.22bn | ¥34.39bn | ¥3.21bn | ¥35.03bn | ¥3.21bn | ¥37.55bn |
| Shareholders' equity | ¥84.44bn | ¥82.25bn | ¥73.39bn | ¥70.80bn | ¥65.84bn | ¥64.65bn | ¥63.28bn | ¥62.41bn |
Financial ratios
Data as of 15 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 19.6% | 16.4% | 16.0% | 12.8% | 14.1% | 16.2% | — |
| Operating margin | 11.6% | 8.8% | 7.4% | 4.6% | 6.6% | 9.1% | — |
| Net margin | 11.7% | 6.7% | 6.1% | 3.2% | 5.6% | 8.0% | — |
| Return on equity | 14.2% | 9.9% | 8.6% | 6.1% | 10.9% | 17.6% | — |
| Return on assets | 7.6% | 4.9% | 3.9% | 2.5% | 3.9% | 5.8% | — |
| Free cash flow yield | 22.7% | 8.4% | -0.9% | 17.5% | 33.5% | 28.8% | — |
| Revenue growth | 3.8% | 9.4% | -10.1% | 4.2% | -5.5% | 5.1% | — |
| Earnings growth | 81.7% | 19.2% | 72.6% | -40.3% | -34.1% | 0.4% | — |
| Current ratio | 1.86x | 2.69x | 2.39x | 2.47x | 2.63x | 2.46x | — |
| Debt to equity | 0.37x | 0.54x | 0.62x | 0.82x | 1.10x | 1.24x | — |
| Equity ratio | 53.9% | 49.3% | 45.6% | 41.0% | 36.0% | 33.1% | — |
| Interest coverage | 52.32x | 35.39x | 25.29x | 13.77x | 18.14x | 25.56x | — |
| R&D as a share of sales | — | 1.6% | 2.1% | 2.1% | 2.3% | 1.8% | 1.6% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.7% | 0.1% | -1.0% |
| Operating income | 37.6% | 5.1% | — |
| Net income | 55.2% | 8.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.0% | 16.2% | 15.9% | 12.8% |
| Operating margin | 9.5% | 7.6% | 7.7% | 5.0% |
| Net margin | 9.2% | 7.0% | 6.9% | 2.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 4.2 | 8.5 | 6.0 | 9.5 | 5.4 | 3.8 | 4.4 | 5.1 | -3.8 | -9.6 |
| Price to sales | 0.5 | 0.6 | 0.4 | 0.3 | 0.3 | 0.3 | 0.4 | 0.5 | 0.3 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 29 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 25.00 | 60.00 | 30.00 | 20.00 | 20.00 | 20.00 | 50.00 | 50.00 |
- 10-to-1 reverse split · 26 Sept 2018
- 27-for-25 split · 28 Mar 1989
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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