F 
2,259
+1.26%
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, before interest expense
¥32.10bn
FY2020FY2025
Net income
¥2.04bn
FY2020FY2025
Total assets
¥18.40bn
FY2020FY2025
Shareholders' equity
¥11.82bn
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue, before interest expense | ¥32.10bn | ¥35.62bn | ¥30.56bn | ¥25.61bn | ¥20.92bn | ¥17.30bn |
| Research and development | — | ¥112.0m | ¥73.8m | ¥22.0m | — | — |
| Operating income | ¥2.98bn | ¥5.33bn | ¥5.55bn | ¥3.82bn | ¥1.74bn | ¥688.0m |
| Net income | ¥2.04bn | ¥3.90bn | ¥3.95bn | ¥2.37bn | ¥1.22bn | ¥424.6m |
| Diluted earnings per share | 85.67 | 165.05 | 169.91 | 102.91 | 51.70 | 17.93 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | ¥18.40bn | ¥18.53bn | ¥19.15bn | ¥14.27bn | ¥7.88bn | ¥6.21bn |
| Cash and short-term investments | ¥7.52bn | ¥8.76bn | ¥11.96bn | ¥8.85bn | ¥3.09bn | ¥2.02bn |
| Total liabilities | ¥6.58bn | ¥6.69bn | ¥6.50bn | ¥5.61bn | ¥5.18bn | ¥4.73bn |
| Debt | ¥1.12bn | ¥590.9m | ¥644.6m | ¥649.0m | ¥1.65bn | ¥2.27bn |
| Shareholders' equity | ¥11.82bn | ¥11.83bn | ¥12.65bn | ¥8.66bn | ¥2.70bn | ¥1.48bn |
| Shares outstanding | 24m | 24m | 23m | 23m | 24m | 24m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | ¥7.83bn | ¥7.98bn | ¥7.62bn | ¥7.75bn | ¥7.92bn | ¥8.10bn | ¥8.33bn | ¥8.64bn |
| Operating income | ¥466.7m | ¥675.9m | ¥400.5m | ¥755.4m | ¥751.6m | ¥679.5m | ¥797.7m | ¥891.7m |
| Net income | ¥391.5m | ¥445.4m | ¥257.9m | ¥513.7m | ¥555.0m | ¥443.9m | ¥529.7m | ¥776.2m |
| Diluted earnings per share | 16.53 | 18.80 | 10.89 | 21.55 | 23.28 | 18.62 | 22.22 | 32.82 |
| Total assets | ¥16.63bn | ¥17.91bn | ¥16.73bn | ¥18.40bn | ¥17.25bn | ¥18.25bn | ¥17.31bn | ¥18.68bn |
| Cash and short-term investments | ¥5.21bn | ¥6.17bn | ¥5.89bn | ¥7.52bn | ¥6.76bn | ¥7.86bn | ¥7.30bn | ¥8.76bn |
| Debt | ¥173.6m | ¥1.03bn | ¥173.6m | ¥1.12bn | ¥53.6m | ¥564.1m | ¥53.6m | ¥53.6m |
| Shareholders' equity | ¥10.37bn | ¥11.07bn | ¥10.29bn | ¥11.82bn | ¥11.25bn | ¥11.78bn | ¥11.30bn | ¥11.83bn |
Financial ratios
Data as of 17 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 9.3% | 15.0% | 18.2% | 14.9% | 8.3% | 4.1% |
| Net margin | 6.4% | 11.0% | 12.9% | 9.2% | 5.9% | 2.5% |
| Return on equity | 17.3% | 33.0% | 31.3% | 27.3% | 45.3% | 28.7% |
| Return on assets | 11.1% | 21.1% | 20.6% | 16.6% | 15.5% | 6.8% |
| Revenue growth | -9.9% | 16.6% | 19.3% | 22.4% | 20.9% | — |
| Earnings growth | -47.7% | -1.3% | 67.0% | 93.2% | 188.4% | — |
| Current ratio | 1.85x | 1.93x | 2.53x | 2.14x | 1.18x | 0.93x |
| Debt to equity | 0.09x | 0.05x | 0.05x | 0.07x | 0.61x | 0.42x |
| Equity ratio | 64.2% | 63.9% | 66.0% | 60.7% | 34.3% | 23.8% |
| Interest coverage | 486.74x | 1608.15x | 2116.12x | 540.45x | 213.43x | 59.45x |
| R&D as a share of sales | — | 0.3% | 0.2% | 0.1% | — | — |
| Buybacks as a share of market value | -0.8% | -1.6% | -1.2% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.8% | 13.2% | — |
| Operating income | -7.9% | 34.1% | — |
| Net income | -4.8% | 36.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 12.3% | 14.3% | 12.4% | — |
| Net margin | 8.8% | 9.9% | 8.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 24.8 | 12.5 | 30.5 | 20.2 |
| Price to sales | 1.6 | 1.4 | 4.0 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 28 May 2026.
| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Paid in the year | 47.00 | 141.00 | 135.00 |
- 2-for-1 split · 29 Jun 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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