H 
1,868
+2.19%
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
¥33.81bn
FY2021FY2026
Net income
¥1.05bn
FY2021FY2026
Free cash flow
¥1.59bn
FY2021FY2026
Shareholders' equity
¥8.89bn
FY2021FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | ¥33.81bn | ¥33.93bn | ¥31.41bn | ¥28.74bn | ¥25.23bn | ¥15.13bn |
| Gross profit | ¥17.93bn | ¥17.99bn | ¥16.84bn | ¥15.46bn | ¥13.66bn | ¥7.97bn |
| Research and development | — | ¥60.0m | ¥56.0m | ¥66.0m | ¥85.0m | ¥56.0m |
| Operating income | ¥1.77bn | ¥1.28bn | ¥1.43bn | ¥2.04bn | ¥1.34bn | ¥592.0m |
| Net income | ¥1.05bn | ¥623.0m | ¥476.0m | ¥1.25bn | ¥796.0m | ¥301.0m |
| Diluted earnings per share | 93.79 | 56.47 | 42.92 | 111.78 | 77.87 | 29.45 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Total assets | ¥21.16bn | ¥20.89bn | ¥20.11bn | ¥23.10bn | ¥18.30bn | ¥17.83bn |
| Cash and short-term investments | ¥2.78bn | ¥2.39bn | ¥938.0m | ¥5.04bn | ¥964.0m | ¥1.83bn |
| Total liabilities | ¥12.27bn | ¥12.70bn | ¥12.56bn | ¥16.61bn | ¥16.48bn | ¥16.80bn |
| Debt | ¥4.54bn | ¥4.81bn | ¥4.94bn | ¥8.12bn | ¥7.72bn | ¥8.24bn |
| Shareholders' equity | ¥8.89bn | ¥8.20bn | ¥7.55bn | ¥6.48bn | ¥1.82bn | ¥1.03bn |
| Shares outstanding | 11m | 11m | 11m | 11m | 10m | 10m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash from operations | ¥1.70bn | ¥2.40bn | ¥152.0m | ¥2.26bn | ¥881.0m | ¥870.0m |
| Capital spending | −¥106.0m | −¥153.0m | −¥104.0m | −¥32.0m | −¥103.0m | −¥38.0m |
| Free cash flow | ¥1.59bn | ¥2.24bn | ¥48.0m | ¥2.23bn | ¥778.0m | ¥832.0m |
| Dividends paid | −¥385.0m | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥9.04bn | ¥6.35bn | ¥10.69bn | ¥7.40bn | ¥9.38bn | ¥6.33bn | ¥10.68bn | ¥7.60bn |
| Gross profit | ¥5.05bn | ¥3.28bn | ¥5.62bn | ¥3.90bn | ¥5.13bn | ¥3.22bn | ¥5.58bn | ¥4.04bn |
| Operating income | ¥790.0m | −¥229.0m | ¥1.33bn | ¥40.0m | ¥631.0m | −¥216.0m | ¥856.0m | ¥34.0m |
| Net income | ¥500.0m | −¥249.0m | ¥864.0m | ¥31.0m | ¥405.0m | −¥220.0m | ¥574.0m | −¥140.0m |
| Diluted earnings per share | 44.62 | -22.22 | 78.31 | 2.81 | 36.71 | -19.94 | 51.76 | -12.62 |
| Cash from operations | −¥1.23bn | ¥225.0m | ¥426.0m | ¥393.0m | ¥654.0m | ¥339.0m | ¥617.0m | ¥818.0m |
| Capital spending | −¥19.0m | −¥2.0m | −¥24.0m | −¥35.0m | −¥49.0m | −¥17.0m | −¥49.0m | −¥43.0m |
| Free cash flow | −¥1.25bn | ¥223.0m | ¥402.0m | ¥358.0m | ¥605.0m | ¥322.0m | ¥568.0m | ¥775.0m |
| Total assets | ¥21.57bn | ¥21.16bn | ¥22.88bn | ¥21.09bn | ¥22.21bn | ¥20.89bn | ¥22.52bn | ¥20.49bn |
| Cash and short-term investments | ¥1.31bn | ¥2.78bn | ¥2.73bn | ¥2.74bn | ¥2.61bn | ¥2.39bn | ¥2.26bn | ¥1.88bn |
| Debt | ¥2.51bn | ¥2.48bn | ¥2.48bn | ¥2.48bn | ¥2.48bn | ¥2.48bn | ¥2.46bn | ¥2.49bn |
| Shareholders' equity | ¥9.19bn | ¥8.89bn | ¥9.13bn | ¥8.41bn | ¥8.38bn | ¥8.20bn | ¥8.40bn | ¥7.83bn |
Financial ratios
Data as of 30 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 53.0% | 53.0% | 53.6% | 53.8% | 54.1% | 52.6% |
| Operating margin | 5.2% | 3.8% | 4.5% | 7.1% | 5.3% | 3.9% |
| Net margin | 3.1% | 1.8% | 1.5% | 4.3% | 3.2% | 2.0% |
| Return on equity | 11.8% | 7.6% | 6.3% | 19.3% | 43.7% | 29.2% |
| Return on assets | 5.0% | 3.0% | 2.4% | 5.4% | 4.3% | 1.7% |
| Free cash flow yield | 8.1% | 11.7% | 1.2% | 10.4% | 4.9% | 4.5% |
| Revenue growth | -0.3% | 8.0% | 9.3% | 13.9% | 66.7% | — |
| Earnings growth | 68.7% | 30.9% | -61.9% | 56.8% | 164.5% | — |
| Current ratio | 0.93x | 0.85x | 0.71x | 0.91x | 0.59x | 0.65x |
| Debt to equity | 0.28x | 0.30x | 0.33x | 0.94x | 3.27x | 6.15x |
| Equity ratio | 42.0% | 39.2% | 37.6% | 28.1% | 10.0% | 5.8% |
| Interest coverage | 33.43x | 26.16x | 8.11x | 12.30x | 7.21x | 4.66x |
| R&D as a share of sales | — | 0.2% | 0.2% | 0.2% | 0.3% | 0.4% |
| Buybacks as a share of market value | -1.6% | 0.5% | 0.7% | -9.2% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.6% | 17.4% | — |
| Operating income | -4.6% | 24.5% | — |
| Net income | -5.6% | 28.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 53.0% | 53.3% | 53.4% | — |
| Operating margin | 4.5% | 5.1% | 5.0% | — |
| Net margin | 2.5% | 2.7% | 2.7% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Price to earnings | 19.4 | 22.8 | 23.4 | 9.5 |
| Price to sales | 0.6 | 0.4 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | |
|---|---|
| Paid in the year | 50.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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