B 
1,181
-1.17%
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
¥1.93bn
FY2018FY2025
Net income
¥44.5m
FY2018FY2025
Free cash flow
¥237.5m
FY2018FY2025
Shareholders' equity
¥727.7m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.93bn | ¥1.53bn | ¥1.20bn | ¥1.08bn | ¥1.04bn | ¥893.9m | ¥600.0m | ¥488.3m |
| Gross profit | ¥1.23bn | ¥943.6m | ¥718.9m | ¥755.3m | ¥680.2m | ¥567.7m | ¥347.2m | ¥217.2m |
| Operating income | ¥214.2m | ¥49.2m | −¥31.4m | ¥37.8m | ¥129.2m | ¥96.2m | ¥32.8m | −¥17.3m |
| Net income | ¥44.5m | ¥17.2m | −¥100.2m | ¥21.2m | ¥75.0m | ¥62.0m | ¥70.8m | −¥19.2m |
| Diluted earnings per share | 50.01 | 19.53 | -111.17 | 22.45 | 82.26 | 81.07 | 79.43 | -21.56 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ¥1.88bn | ¥1.56bn | ¥1.02bn | ¥1.13bn | ¥1.36bn | ¥502.0m | ¥373.3m | ¥250.6m |
| Cash and short-term investments | ¥720.1m | ¥394.2m | ¥357.2m | ¥716.4m | ¥1.04bn | ¥237.4m | ¥173.0m | ¥68.4m |
| Total liabilities | ¥1.15bn | ¥854.4m | ¥315.1m | ¥327.6m | ¥489.8m | ¥156.1m | ¥89.4m | ¥90.9m |
| Debt | ¥617.0m | ¥485.0m | ¥158.6m | ¥212.7m | ¥315.8m | ¥28.4m | ¥14.4m | ¥23.3m |
| Shareholders' equity | ¥727.7m | ¥704.6m | ¥706.4m | ¥805.5m | ¥871.5m | ¥345.9m | ¥283.9m | ¥159.7m |
| Shares outstanding | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥267.2m | ¥195.0m | −¥14.1m | −¥2.9m | ¥95.5m | ¥148.1m | ¥68.5m | ¥38.9m |
| Capital spending | −¥29.7m | −¥8.1m | −¥8.3m | −¥2.3m | −¥4.6m | −¥9.2m | −¥2.2m | −¥4.4m |
| Free cash flow | ¥237.5m | ¥186.9m | −¥22.4m | −¥5.2m | ¥90.9m | ¥139.0m | ¥66.3m | ¥34.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥426.1m | ¥534.7m | ¥531.3m | ¥475.8m | ¥447.5m | ¥472.9m | ¥437.0m | ¥356.1m |
| Gross profit | ¥267.1m | ¥368.9m | ¥380.3m | ¥327.0m | ¥281.9m | ¥338.2m | ¥289.5m | ¥233.8m |
| Operating income | −¥6.2m | ¥87.4m | ¥68.0m | ¥47.3m | ¥30.7m | ¥68.2m | ¥19.7m | −¥45,000 |
| Net income | −¥10.0m | ¥54.7m | −¥37.9m | ¥23.6m | ¥14.8m | ¥44.2m | −¥10.0m | ¥1.3m |
| Diluted earnings per share | -11.18 | 61.43 | -42.60 | 26.46 | 16.57 | 49.58 | -11.37 | 1.44 |
| Total assets | ¥1.56bn | ¥1.68bn | ¥1.88bn | ¥1.65bn | ¥1.52bn | ¥1.59bn | ¥1.56bn | ¥946.3m |
| Cash and short-term investments | ¥614.3m | ¥613.7m | ¥720.1m | ¥537.5m | ¥431.0m | ¥434.7m | ¥394.2m | ¥335.0m |
| Debt | ¥473.9m | ¥265.9m | ¥616.7m | ¥211.1m | ¥458.9m | ¥296.7m | ¥290.1m | ¥82.6m |
| Shareholders' equity | ¥779.3m | ¥785.8m | ¥727.7m | ¥793.9m | ¥766.9m | ¥748.7m | ¥704.6m | ¥691.6m |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 63.9% | 61.7% | 59.7% | 69.6% | 65.2% | 63.5% |
| Operating margin | 11.1% | 0.1% | -3.7% | 3.5% | 11.1% | 10.8% |
| Net margin | 2.3% | 1.1% | -8.3% | 2.0% | 7.2% | 6.9% |
| Return on equity | 6.1% | 2.4% | -14.2% | 2.6% | 8.6% | 17.9% |
| Return on assets | 2.4% | 1.1% | -9.8% | 1.9% | 5.5% | 12.3% |
| Free cash flow yield | 23.7% | 17.5% | -1.2% | -0.2% | 8.3% | 15.3% |
| Revenue growth | 26.1% | 27.0% | 10.9% | 4.0% | 16.7% | 49.0% |
| Earnings growth | 159.2% | -117.1% | -573.2% | -71.8% | 21.1% | -12.4% |
| Current ratio | 1.46x | 1.09x | 2.52x | 4.42x | 4.54x | 2.86x |
| Debt to equity | 0.85x | 0.69x | 0.22x | 0.26x | 0.36x | 0.08x |
| Equity ratio | 38.7% | 45.2% | 69.2% | 71.1% | 64.0% | 68.9% |
| Interest coverage | 23.01x | 0.86x | -63.74x | 40.90x | 846.63x | 534.18x |
| Buybacks as a share of market value | -1.2% | 2.4% | 4.4% | -3.4% | -19.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 21.1% | 16.6% | — |
| Operating income | 78.2% | 17.4% | — |
| Net income | 28.1% | -6.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 62.9% | 63.5% | 63.8% | — |
| Operating margin | 7.6% | 4.7% | 6.4% | — |
| Net margin | 1.8% | -0.3% | 1.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 31.9 | 60.9 | -13.6 | 89.1 | 36.1 |
| Price to sales | 0.7 | 0.7 | 1.1 | 1.7 | 2.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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