R
964
+4.44%
Close of 9 Nov 2026, in JPY
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At a glance
Figures in JPY, from our data supplier.
Revenue
¥4.46bn
FY2017FY2026
Net income
¥255.5m
FY2017FY2026
Free cash flow
¥97.3m
FY2017FY2026
Shareholders' equity
¥534.6m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.46bn | ¥4.07bn | ¥3.85bn | ¥4.47bn | ¥3.73bn | ¥2.72bn | ¥2.69bn | ¥2.53bn | ¥2.41bn | ¥2.29bn |
| Gross profit | ¥1.63bn | ¥1.32bn | ¥1.21bn | ¥1.35bn | ¥1.10bn | ¥713.8m | ¥512.5m | ¥454.7m | ¥631.0m | ¥737.4m |
| Research and development | — | ¥35.7m | ¥31.1m | ¥22.9m | ¥22.7m | — | — | ¥60.6m | ¥61.1m | ¥53.8m |
| Operating income | ¥320.5m | ¥182.2m | ¥32.7m | ¥197.5m | ¥233.7m | −¥60.1m | −¥182.2m | −¥255.4m | ¥11.9m | ¥280.3m |
| Net income | ¥255.5m | ¥146.1m | ¥4.9m | −¥504.8m | ¥182.8m | −¥170.5m | −¥268.9m | −¥343.8m | ¥57.2m | ¥315.9m |
| Diluted earnings per share | 76.32 | 43.63 | 1.47 | -150.38 | 54.72 | -50.95 | -80.33 | -113.96 | 18.60 | 104.27 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥3.63bn | ¥3.49bn | ¥3.37bn | ¥3.78bn | ¥3.25bn | ¥2.91bn | ¥2.87bn | ¥3.11bn | ¥3.10bn | ¥2.74bn |
| Cash and short-term investments | ¥274.7m | ¥692.2m | ¥512.0m | ¥873.0m | ¥935.0m | ¥534.9m | ¥460.8m | ¥402.0m | ¥540.2m | ¥685.9m |
| Total liabilities | ¥3.10bn | ¥3.22bn | ¥3.24bn | ¥3.68bn | ¥2.68bn | ¥2.54bn | ¥2.53bn | ¥2.51bn | ¥2.22bn | ¥1.92bn |
| Debt | ¥2.28bn | ¥2.58bn | ¥2.67bn | ¥3.00bn | ¥2.06bn | ¥1.55bn | ¥1.73bn | ¥1.86bn | ¥1.70bn | ¥1.26bn |
| Shareholders' equity | ¥534.6m | ¥274.4m | ¥130.2m | ¥99.7m | ¥570.1m | ¥370.5m | ¥337.2m | ¥604.7m | ¥882.3m | ¥814.9m |
| Shares outstanding | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥322.6m | ¥459.7m | ¥175.4m | ¥531.0m | ¥476.5m | ¥62.6m | ¥54.7m | −¥58.8m | ¥57.2m | ¥130.5m |
| Capital spending | −¥225.3m | −¥160.1m | −¥85.3m | −¥126.0m | −¥102.4m | −¥67.7m | −¥143.9m | −¥172.7m | −¥590.4m | −¥605.1m |
| Free cash flow | ¥97.3m | ¥299.5m | ¥90.1m | ¥405.0m | ¥374.0m | −¥5.1m | −¥89.2m | −¥231.5m | −¥533.2m | −¥474.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.13bn | ¥1.23bn | ¥1.11bn | ¥994.2m | ¥956.3m | ¥1.02bn | ¥1.07bn | ¥1.03bn |
| Gross profit | ¥420.5m | ¥468.4m | ¥435.5m | ¥302.3m | ¥310.4m | ¥325.8m | ¥362.3m | ¥325.7m |
| Operating income | ¥74.5m | ¥122.8m | ¥107.6m | ¥15.6m | ¥22.5m | ¥29.9m | ¥78.6m | ¥51.2m |
| Net income | ¥71.4m | ¥90.9m | ¥90.5m | ¥2.6m | ¥31.8m | ¥18.3m | ¥62.0m | ¥34.0m |
| Diluted earnings per share | 21.33 | 27.16 | 27.04 | 0.79 | 9.50 | 5.46 | 18.51 | 10.16 |
| Total assets | ¥3.63bn | ¥3.57bn | ¥3.50bn | ¥3.34bn | ¥3.49bn | ¥3.56bn | ¥3.57bn | ¥3.38bn |
| Cash and short-term investments | ¥274.7m | ¥436.9m | ¥574.4m | ¥510.9m | ¥692.2m | ¥722.1m | ¥747.2m | ¥518.3m |
| Debt | ¥632.5m | ¥652.7m | ¥2.34bn | ¥637.3m | ¥691.0m | ¥692.0m | ¥2.59bn | ¥590.0m |
| Shareholders' equity | ¥534.6m | ¥462.2m | ¥369.8m | ¥278.3m | ¥274.4m | ¥243.0m | ¥224.7m | ¥162.6m |
Financial ratios
Data as of 25 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 36.4% | 32.5% | 31.5% | 30.3% | 29.3% | 26.2% |
| Operating margin | 7.2% | 4.5% | 0.8% | 4.4% | 6.3% | -2.2% |
| Net margin | 5.7% | 3.6% | 0.1% | -11.3% | 4.9% | -6.3% |
| Return on equity | 47.8% | 53.2% | 3.8% | -506.3% | 32.1% | -46.0% |
| Return on assets | 7.0% | 4.2% | 0.1% | -13.3% | 5.6% | -5.9% |
| Free cash flow yield | 15.1% | 17.0% | 7.2% | 18.0% | 16.0% | 3.6% |
| Revenue growth | 9.7% | 5.7% | -13.8% | 19.8% | 37.1% | 1.0% |
| Earnings growth | 74.9% | 2864.3% | -101.0% | -376.1% | -207.2% | -36.6% |
| Current ratio | 0.94x | 1.29x | 1.30x | 1.43x | 1.86x | 1.58x |
| Debt to equity | 1.18x | 2.52x | 19.58x | 28.66x | 3.49x | 3.90x |
| Equity ratio | 14.7% | 7.9% | 3.9% | 2.6% | 17.5% | 12.7% |
| Interest coverage | 8.00x | 4.74x | 1.02x | 6.94x | 12.07x | — |
| R&D as a share of sales | — | 0.9% | 0.8% | 0.5% | 0.6% | — |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.3% | -0.5% | 0.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.1% | 10.4% | 7.7% |
| Operating income | 17.5% | — | 1.8% |
| Net income | — | — | 4.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.6% | 32.7% | 31.4% | 29.2% |
| Operating margin | 5.9% | 4.3% | 3.9% | 2.9% |
| Net margin | 4.7% | -0.6% | -0.4% | -0.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | 12.1 | 18.6 | 443.7 | -7.5 | 41.1 | -44.3 |
| Price to sales | 0.7 | 0.7 | 0.6 | 0.8 | 2.0 | 2.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 2-for-1 split · 29 Mar 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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