D 
341
-2.57%
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
¥22.69bn
FY2018FY2025
Net income
¥1.34bn
FY2018FY2025
Free cash flow
¥2.42bn
FY2018FY2025
Shareholders' equity
¥14.88bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥22.69bn | ¥20.95bn | ¥26.85bn | ¥34.67bn | ¥30.29bn | ¥22.46bn | ¥17.21bn | ¥13.51bn |
| Gross profit | ¥14.98bn | ¥15.52bn | ¥20.08bn | ¥26.67bn | ¥23.92bn | ¥18.00bn | ¥13.78bn | ¥10.47bn |
| Operating income | ¥2.33bn | ¥1.76bn | ¥1.47bn | ¥5.73bn | ¥4.72bn | ¥3.56bn | ¥2.23bn | ¥1.66bn |
| Net income | ¥1.34bn | ¥834.3m | ¥310.0m | ¥3.80bn | ¥3.22bn | ¥2.42bn | ¥1.46bn | ¥818.4m |
| Diluted earnings per share | 28.70 | 17.86 | 6.74 | 78.00 | 62.39 | 60.47 | 33.19 | 17.81 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ¥27.42bn | ¥26.02bn | ¥27.44bn | ¥30.53bn | ¥26.84bn | ¥21.95bn | ¥18.10bn | ¥16.18bn |
| Cash and short-term investments | ¥5.52bn | ¥5.17bn | ¥4.46bn | ¥7.61bn | ¥5.07bn | ¥3.69bn | ¥1.67bn | ¥764.5m |
| Total liabilities | ¥12.54bn | ¥12.27bn | ¥14.36bn | ¥14.95bn | ¥15.24bn | ¥13.95bn | ¥12.55bn | ¥12.13bn |
| Debt | ¥6.37bn | ¥6.76bn | ¥6.93bn | ¥6.64bn | ¥7.58bn | ¥7.59bn | ¥8.26bn | ¥8.75bn |
| Shareholders' equity | ¥14.88bn | ¥13.76bn | ¥13.09bn | ¥15.59bn | ¥11.60bn | ¥8.00bn | ¥5.54bn | ¥4.06bn |
| Shares outstanding | 47m | 47m | 46m | 49m | 52m | 40m | 44m | 46m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥2.80bn | ¥2.00bn | ¥1.61bn | ¥5.12bn | ¥4.14bn | ¥4.09bn | ¥2.27bn | ¥1.56bn |
| Capital spending | −¥380.9m | −¥123.9m | −¥128.4m | −¥435.1m | −¥859.2m | −¥331.3m | −¥196.8m | −¥243.2m |
| Free cash flow | ¥2.42bn | ¥1.88bn | ¥1.48bn | ¥4.68bn | ¥3.28bn | ¥3.76bn | ¥2.07bn | ¥1.32bn |
| Dividends paid | −¥208.6m | −¥138.0m | −¥798.3m | −¥222.3m | −¥100.3m | −¥100.0m | −¥100.0m | −¥100.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.35bn | ¥6.11bn | ¥5.67bn | ¥5.38bn | ¥5.66bn | ¥5.99bn | ¥5.23bn | ¥5.02bn |
| Gross profit | ¥433.5m | ¥901.3m | ¥516.3m | ¥398.0m | ¥545.1m | ¥747.1m | ¥262.6m | ¥449.8m |
| Operating income | ¥433.5m | ¥901.3m | ¥516.3m | ¥398.0m | ¥545.1m | ¥747.1m | ¥262.6m | ¥449.8m |
| Net income | ¥666.5m | ¥580.6m | ¥309.3m | ¥241.0m | ¥330.8m | ¥463.4m | ¥230.7m | ¥36.0m |
| Diluted earnings per share | 14.50 | 12.63 | 6.60 | 5.15 | 7.06 | 9.89 | 4.94 | 0.77 |
| Cash from operations | ¥738.0m | ¥651.0m | ¥892.0m | ¥681.0m | ¥574.0m | ¥654.0m | ¥1.08bn | −¥112.0m |
| Capital spending | −¥34.0m | −¥29.0m | −¥93.0m | −¥87.0m | −¥178.0m | −¥21.0m | −¥35.0m | −¥44.0m |
| Free cash flow | ¥704.0m | ¥622.0m | ¥799.0m | ¥594.0m | ¥396.0m | ¥633.0m | ¥1.04bn | −¥156.0m |
| Total assets | ¥26.90bn | ¥27.00bn | ¥27.42bn | ¥25.26bn | ¥25.33bn | ¥25.70bn | ¥26.02bn | ¥24.77bn |
| Cash and short-term investments | ¥4.95bn | ¥4.87bn | ¥5.52bn | ¥5.22bn | ¥4.93bn | ¥5.05bn | ¥5.17bn | ¥4.79bn |
| Debt | ¥5.59bn | ¥1.50bn | ¥6.37bn | ¥5.16bn | ¥6.05bn | ¥3.00bn | ¥3.00bn | ¥2.15bn |
| Shareholders' equity | ¥15.52bn | ¥14.85bn | ¥14.88bn | ¥14.64bn | ¥14.39bn | ¥14.02bn | ¥13.76bn | ¥13.52bn |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 66.0% | 74.1% | 74.8% | 76.9% | 79.0% | 80.1% |
| Operating margin | 10.3% | 8.4% | 5.5% | 16.5% | 15.6% | 15.8% |
| Net margin | 5.9% | 4.0% | 1.2% | 11.0% | 10.6% | 10.8% |
| Return on equity | 9.0% | 6.1% | 2.4% | 24.4% | 27.7% | 30.3% |
| Return on assets | 4.9% | 3.2% | 1.1% | 12.5% | 12.0% | 11.0% |
| Free cash flow yield | 18.5% | 12.4% | 10.3% | 30.9% | 26.3% | 30.0% |
| Revenue growth | 8.3% | -22.0% | -22.6% | 14.5% | 34.8% | 30.5% |
| Earnings growth | 61.2% | 169.1% | -91.8% | 18.2% | 32.7% | 66.2% |
| Current ratio | 1.51x | 1.36x | 1.13x | 1.51x | 1.20x | 1.13x |
| Debt to equity | 0.43x | 0.42x | 0.44x | 0.32x | 0.49x | 0.81x |
| Equity ratio | 54.3% | 52.9% | 47.7% | 51.0% | 43.2% | 36.5% |
| Interest coverage | 32.15x | 37.45x | 32.56x | 131.52x | 33.38x | 29.21x |
| Buybacks as a share of market value | -0.3% | -1.6% | 5.7% | 5.4% | -28.6% | 8.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.2% | 0.3% | — |
| Operating income | -25.9% | -8.1% | — |
| Net income | -29.3% | -11.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 69.9% | 73.5% | 75.5% | — |
| Operating margin | 9.4% | 10.7% | 12.4% | — |
| Net margin | 5.0% | 6.0% | 7.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 10.1 | 15.0 | 65.6 | 19.9 | 26.7 | 21.7 |
| Price to sales | 0.6 | 0.6 | 0.8 | 2.2 | 2.9 | 2.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Paid in the year | 11.50 | 3.00 | 17.00 | 5.00 | 2.50 |
- 2-for-1 split · 29 Dec 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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