N 
425
+3.91%
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
¥114.86bn
FY2017FY2026
Net income
¥2.01bn
FY2017FY2026
Free cash flow
−¥2.31bn
FY2017FY2026
Shareholders' equity
¥37.50bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥114.86bn | ¥120.59bn | ¥124.25bn | ¥103.36bn | ¥86.50bn | ¥83.06bn | ¥106.14bn | ¥115.56bn | ¥114.69bn | ¥128.65bn |
| Gross profit | ¥11.32bn | ¥11.95bn | ¥12.19bn | ¥7.27bn | ¥6.22bn | ¥7.05bn | ¥11.49bn | ¥12.79bn | ¥11.26bn | ¥13.16bn |
| Research and development | — | ¥2.08bn | ¥1.89bn | ¥1.78bn | ¥1.84bn | ¥1.71bn | ¥1.76bn | ¥1.69bn | ¥1.64bn | ¥1.97bn |
| Operating income | ¥2.65bn | ¥2.77bn | ¥3.53bn | −¥966.0m | −¥723.0m | ¥1.29bn | ¥4.51bn | ¥5.48bn | ¥3.89bn | ¥5.67bn |
| Net income | ¥2.01bn | ¥56.0m | ¥2.48bn | −¥3.60bn | −¥8.02bn | −¥1.04bn | ¥2.36bn | ¥3.88bn | ¥2.02bn | ¥3.99bn |
| Diluted earnings per share | 106.79 | 2.96 | 130.89 | -188.29 | -419.11 | -54.66 | 123.22 | 200.26 | 103.94 | 240.97 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥85.45bn | ¥83.71bn | ¥81.93bn | ¥81.45bn | ¥79.54bn | ¥74.54bn | ¥74.78bn | ¥76.37bn | ¥77.75bn | ¥81.15bn |
| Cash and short-term investments | ¥13.86bn | ¥14.94bn | ¥12.40bn | ¥11.65bn | ¥12.31bn | ¥10.60bn | ¥9.40bn | ¥10.82bn | ¥7.98bn | ¥9.42bn |
| Total liabilities | ¥47.94bn | ¥49.17bn | ¥50.87bn | ¥55.23bn | ¥52.16bn | ¥41.62bn | ¥39.97bn | ¥42.76bn | ¥46.45bn | ¥55.43bn |
| Debt | ¥25.83bn | ¥24.75bn | ¥23.87bn | ¥30.72bn | ¥29.34bn | ¥20.96bn | ¥19.26bn | ¥19.95bn | ¥22.25bn | ¥27.49bn |
| Shareholders' equity | ¥37.50bn | ¥34.54bn | ¥31.06bn | ¥26.22bn | ¥27.38bn | ¥32.91bn | ¥34.82bn | ¥33.60bn | ¥31.30bn | ¥25.72bn |
| Shares outstanding | 19m | 19m | 19m | 19m | 19m | 19m | 19m | 19m | 19m | 17m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥2.04bn | ¥6.15bn | ¥11.48bn | ¥5.47bn | ¥1.31bn | ¥5.29bn | ¥6.34bn | ¥10.40bn | ¥6.28bn | ¥8.72bn |
| Capital spending | −¥4.35bn | −¥3.59bn | −¥2.63bn | −¥5.28bn | −¥6.79bn | −¥6.59bn | −¥6.17bn | −¥4.51bn | −¥5.92bn | −¥4.78bn |
| Free cash flow | −¥2.31bn | ¥2.56bn | ¥8.85bn | ¥187.0m | −¥5.48bn | −¥1.30bn | ¥166.0m | ¥5.88bn | ¥359.0m | ¥3.94bn |
| Dividends paid | −¥339.0m | −¥291.0m | −¥242.0m | −¥194.0m | −¥485.0m | −¥388.0m | −¥388.0m | −¥329.0m | −¥204.0m | −¥180.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥29.66bn | ¥30.28bn | ¥28.44bn | ¥26.84bn | ¥29.29bn | ¥30.52bn | ¥29.75bn | ¥30.88bn |
| Gross profit | ¥2.51bn | ¥3.11bn | ¥2.76bn | ¥2.54bn | ¥2.91bn | ¥3.49bn | ¥2.72bn | ¥3.36bn |
| Operating income | ¥135.0m | ¥1.08bn | ¥509.0m | ¥382.0m | ¥680.0m | ¥634.0m | ¥613.0m | ¥1.13bn |
| Net income | −¥154.0m | ¥470.0m | ¥420.0m | ¥602.0m | ¥520.0m | −¥1.22bn | ¥480.0m | ¥360.0m |
| Diluted earnings per share | -8.17 | 24.95 | 22.19 | 31.80 | 27.47 | -64.66 | 25.35 | 19.02 |
| Total assets | ¥85.72bn | ¥85.45bn | ¥80.69bn | ¥79.99bn | ¥80.42bn | ¥83.71bn | ¥80.97bn | ¥86.89bn |
| Cash and short-term investments | ¥13.86bn | ¥13.86bn | ¥12.10bn | ¥14.11bn | ¥14.22bn | ¥14.94bn | ¥12.97bn | ¥14.16bn |
| Debt | ¥18.87bn | ¥25.68bn | ¥18.82bn | ¥25.26bn | ¥18.75bn | ¥24.57bn | ¥17.36bn | ¥26.41bn |
| Shareholders' equity | ¥37.75bn | ¥37.50bn | ¥35.00bn | ¥33.65bn | ¥33.19bn | ¥34.54bn | ¥33.08bn | ¥34.88bn |
Financial ratios
Data as of 8 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 9.9% | 9.9% | 9.8% | 7.0% | 7.2% | 8.5% | — |
| Operating margin | 2.3% | 2.3% | 2.3% | -0.9% | -0.8% | 1.6% | — |
| Net margin | 1.8% | 0.0% | 2.0% | -3.5% | -9.3% | -1.3% | — |
| Return on equity | 5.4% | 0.2% | 8.0% | -13.7% | -29.3% | -3.2% | — |
| Return on assets | 2.4% | 0.1% | 3.0% | -4.4% | -10.1% | -1.4% | — |
| Free cash flow yield | 74.3% | 112.9% | 163.5% | 123.2% | 92.8% | 136.2% | — |
| Revenue growth | -4.8% | -2.9% | 20.2% | 19.5% | 4.1% | -21.7% | — |
| Earnings growth | 3492.9% | -97.7% | -168.8% | -55.1% | 667.3% | -144.4% | — |
| Current ratio | 1.32x | 1.22x | 1.19x | 1.08x | 1.13x | 1.26x | — |
| Debt to equity | 0.69x | 0.71x | 0.76x | 1.16x | 1.07x | 0.63x | — |
| Equity ratio | 43.9% | 41.3% | 37.9% | 32.2% | 34.4% | 44.2% | — |
| Interest coverage | 3.10x | 2.94x | 3.21x | -1.45x | -3.03x | 3.70x | — |
| R&D as a share of sales | — | 1.7% | 1.5% | 1.7% | 2.1% | 2.1% | 1.7% |
| Buybacks as a share of market value | 0.5% | 0.0% | 1.0% | 0.0% | -0.1% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.6% | 6.7% | -1.9% |
| Operating income | — | 15.5% | -5.7% |
| Net income | — | — | -0.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.9% | 9.2% | 8.9% | 9.5% |
| Operating margin | 2.3% | 1.7% | 1.4% | 2.7% |
| Net margin | 0.9% | 0.2% | -1.3% | 0.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 4.0 | 139.6 | 2.8 | -2.8 | -1.0 | -9.8 | 4.0 | 3.6 | 6.9 | 4.5 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 18 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 27.50 | 15.00 | 12.50 | 10.00 | 25.00 | 20.00 | 20.00 | 15.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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