317
+3.59%
Close of 9 Nov 2026, in JPY
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At a glance
Figures in JPY, from our data supplier.
Revenue
¥21.81bn
FY2018FY2026
Net income
¥430.0m
FY2018FY2026
Free cash flow
¥859.8m
FY2018FY2026
Shareholders' equity
¥3.85bn
FY2018FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥21.81bn | ¥18.08bn | ¥14.29bn | ¥10.06bn | ¥6.87bn | ¥4.28bn | ¥3.11bn | ¥2.82bn | ¥2.45bn |
| Gross profit | ¥7.62bn | ¥5.51bn | ¥4.12bn | ¥2.71bn | ¥2.07bn | ¥1.36bn | ¥1.01bn | ¥953.2m | ¥747.6m |
| Operating income | ¥810.4m | ¥820.0m | ¥474.9m | ¥317.5m | ¥193.0m | ¥125.1m | ¥101.1m | ¥143.5m | ¥87.8m |
| Net income | ¥430.0m | ¥494.3m | ¥188.9m | ¥170.1m | ¥134.7m | ¥75.8m | ¥80.3m | ¥109.8m | ¥71.2m |
| Diluted earnings per share | 9.01 | 10.35 | 3.95 | 3.64 | 3.14 | 1.67 | 1.89 | 2.30 | 1.49 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥10.68bn | ¥9.95bn | ¥7.10bn | ¥4.09bn | ¥2.51bn | ¥1.32bn | ¥1.14bn | ¥898.6m | ¥783.2m |
| Cash and short-term investments | ¥4.57bn | ¥4.56bn | ¥3.70bn | ¥1.29bn | ¥874.7m | ¥481.7m | ¥585.3m | ¥470.0m | ¥417.5m |
| Total liabilities | ¥6.75bn | ¥6.48bn | ¥4.22bn | ¥3.19bn | ¥1.77bn | ¥742.8m | ¥634.4m | ¥610.7m | ¥605.2m |
| Debt | ¥3.52bn | ¥3.64bn | ¥1.97bn | ¥1.81bn | ¥819.3m | ¥167.7m | ¥247.3m | ¥167.2m | ¥171.6m |
| Shareholders' equity | ¥3.85bn | ¥3.36bn | ¥2.89bn | ¥897.1m | ¥736.9m | ¥581.7m | ¥503.4m | ¥287.8m | ¥178.0m |
| Shares outstanding | 48m | 48m | 48m | 47m | 43m | 45m | 42m | 48m | 48m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.03bn | ¥749.7m | ¥697.1m | ¥172.6m | ¥216.6m | ¥54.2m | −¥72.1m | ¥84.4m | ¥213.6m |
| Capital spending | −¥169.7m | −¥60.2m | −¥22.2m | −¥7.6m | −¥60.7m | −¥54.2m | −¥3.7m | −¥6.4m | −¥3.1m |
| Free cash flow | ¥859.8m | ¥689.5m | ¥674.9m | ¥165.0m | ¥155.9m | — | −¥75.8m | ¥78.0m | ¥210.5m |
| Dividends paid | −¥21.7m | −¥21.5m | −¥21.0m | −¥20.9m | −¥20.0m | −¥20.0m | — | — | — |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.93bn | ¥5.22bn | ¥4.92bn | ¥5.74bn | ¥4.67bn | ¥4.49bn | ¥4.77bn | ¥4.14bn |
| Gross profit | ¥2.03bn | ¥1.76bn | ¥1.54bn | ¥2.30bn | ¥1.41bn | ¥1.32bn | ¥1.58bn | ¥1.21bn |
| Operating income | ¥207.9m | ¥77.8m | −¥105.2m | ¥629.8m | −¥69.3m | ¥81.1m | ¥519.0m | ¥289.1m |
| Net income | ¥101.6m | ¥15.1m | −¥53.9m | ¥367.2m | −¥78.5m | ¥32.9m | ¥348.1m | ¥191.8m |
| Diluted earnings per share | 2.13 | 0.32 | -1.13 | 7.69 | -1.64 | 0.69 | 7.29 | 4.01 |
| Cash from operations | — | — | — | — | ¥749.0m | — | — | — |
| Capital spending | — | — | — | — | −¥60.0m | — | — | — |
| Free cash flow | — | — | — | — | ¥689.0m | — | — | — |
| Total assets | ¥10.68bn | ¥10.72bn | ¥10.74bn | ¥10.53bn | ¥9.95bn | ¥9.01bn | ¥7.95bn | ¥7.47bn |
| Cash and short-term investments | ¥4.57bn | ¥4.55bn | ¥4.61bn | ¥4.08bn | ¥4.56bn | ¥4.56bn | ¥3.92bn | ¥3.51bn |
| Debt | ¥1.42bn | ¥1.45bn | ¥3.83bn | ¥1.11bn | ¥3.64bn | ¥985.6m | ¥2.25bn | ¥648.4m |
| Shareholders' equity | ¥3.85bn | ¥3.74bn | ¥3.73bn | ¥3.71bn | ¥3.36bn | ¥3.44bn | ¥3.41bn | ¥3.06bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 30.5% | 28.8% | 27.0% | 30.2% | 31.8% | 32.4% |
| Operating margin | 4.5% | 3.3% | 3.2% | 2.9% | 2.9% | 3.3% |
| Net margin | 2.7% | 1.3% | 1.7% | 2.0% | 1.8% | 2.6% |
| Return on equity | 14.7% | 6.5% | 19.0% | 18.3% | 13.0% | 16.0% |
| Return on assets | 5.0% | 2.7% | 4.2% | 5.4% | 5.7% | 7.1% |
| Free cash flow yield | 5.2% | 4.6% | 1.2% | 2.0% | 0.7% | -0.5% |
| Revenue growth | 26.5% | 42.1% | 46.4% | 60.4% | 37.7% | 10.3% |
| Earnings growth | 161.7% | 11.0% | 26.3% | 77.7% | -5.6% | -26.9% |
| Current ratio | 1.84x | 2.05x | 1.45x | 1.73x | 1.83x | 2.24x |
| Debt to equity | 1.08x | 0.68x | 2.02x | 1.11x | 0.29x | 0.49x |
| Equity ratio | 33.8% | 40.6% | 22.0% | 29.3% | 43.9% | 44.2% |
| Interest coverage | 30.33x | 33.33x | 49.71x | 47.73x | 73.67x | 52.74x |
| Buybacks as a share of market value | 0.2% | -2.3% | -9.0% | 5.6% | -7.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 29.4% | 38.5% | — |
| Operating income | 36.7% | 45.3% | — |
| Net income | 36.2% | 41.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.9% | 31.1% | 31.0% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 38.9 | 75.3 | 221.8 | 302.4 | 155.0 | 123.9 | 66.0 |
| Price to sales | 0.8 | 2.1 | 2.9 | 5.1 | 3.0 | 2.2 | 1.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 28 Aug 2025.
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Paid in the year | 1.00 | 0.50 | 1.00 |
- 2-for-1 split · 8 Feb 2024
- 2-for-1 split · 30 Aug 2022
- 2-for-1 split · 6 Dec 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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