C 
351
0.00%
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
¥2.11bn
FY2017FY2026
Net income
¥137.0m
FY2017FY2026
Free cash flow
−¥2.08bn
FY2017FY2026
Shareholders' equity
¥1.86bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.11bn | ¥3.37bn | ¥3.04bn | ¥3.34bn | ¥3.34bn | ¥2.88bn | ¥3.28bn | ¥3.33bn | ¥3.13bn | ¥2.93bn |
| Gross profit | ¥635.1m | ¥896.7m | ¥901.7m | ¥927.9m | ¥911.1m | ¥887.5m | ¥867.0m | ¥818.3m | ¥794.2m | ¥792.3m |
| Operating income | ¥204.6m | ¥79.6m | ¥52.5m | ¥82.4m | ¥83.7m | ¥76.2m | ¥52.6m | ¥50.9m | ¥21.2m | ¥32.4m |
| Net income | ¥137.0m | ¥30.1m | ¥22.7m | ¥55.8m | ¥56.5m | ¥15.2m | ¥20.2m | ¥734.5m | ¥2.1m | ¥9.5m |
| Diluted earnings per share | 16.66 | 3.66 | 3.15 | 7.75 | 7.84 | 2.10 | 2.81 | 101.89 | 0.30 | 1.31 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥5.43bn | ¥2.90bn | ¥3.01bn | ¥2.58bn | ¥2.41bn | ¥1.97bn | ¥1.91bn | ¥1.95bn | ¥1.95bn | ¥1.92bn |
| Cash and short-term investments | ¥1.47bn | ¥605.4m | ¥126.3m | ¥364.3m | ¥444.3m | ¥309.5m | ¥236.2m | ¥286.8m | ¥90.5m | ¥79.0m |
| Total liabilities | ¥3.44bn | ¥1.38bn | ¥1.51bn | ¥1.09bn | ¥967.9m | ¥575.1m | ¥524.6m | ¥572.5m | ¥1.30bn | ¥1.27bn |
| Debt | ¥2.84bn | ¥875.8m | ¥997.2m | ¥587.0m | ¥405.2m | ¥59.4m | ¥3.1m | ¥53.0m | ¥606.2m | ¥621.8m |
| Shareholders' equity | ¥1.86bn | ¥1.52bn | ¥1.51bn | ¥1.49bn | ¥1.44bn | ¥1.39bn | ¥1.38bn | ¥1.38bn | ¥648.2m | ¥653.3m |
| Shares outstanding | 8m | 8m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥2.06bn | ¥575.8m | −¥22.3m | −¥187.4m | −¥248.9m | ¥90.9m | ¥34.1m | ¥5.8m | ¥67.0m | ¥11.1m |
| Capital spending | −¥17.6m | −¥12.7m | −¥585.1m | −¥43.2m | −¥10.9m | −¥2.0m | −¥58.4m | −¥22.9m | −¥36.6m | −¥14.9m |
| Free cash flow | −¥2.08bn | ¥563.1m | −¥607.4m | −¥230.5m | −¥259.8m | ¥88.9m | −¥24.3m | −¥17.0m | ¥30.3m | −¥3.8m |
| Dividends paid | −¥39.2m | −¥8.7m | −¥7.2m | −¥7.5m | −¥5.7m | −¥7.2m | −¥10.7m | −¥7.4m | −¥7.0m | −¥7.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥565.9m | ¥547.3m | ¥503.3m | ¥492.0m | ¥564.6m | ¥671.8m | ¥726.0m | ¥742.9m |
| Gross profit | ¥205.7m | ¥157.0m | ¥168.1m | ¥139.2m | ¥170.8m | ¥186.0m | ¥230.7m | ¥233.8m |
| Operating income | ¥29.1m | −¥32.4m | −¥11.9m | ¥3.1m | ¥10.5m | ¥3.3m | ¥15.8m | ¥19.4m |
| Net income | ¥5.9m | ¥56.8m | −¥28.7m | ¥110.7m | ¥2.0m | −¥5.9m | −¥5.8m | ¥11.9m |
| Diluted earnings per share | 0.72 | 6.91 | -3.50 | 13.47 | 0.24 | -0.71 | -0.81 | 1.65 |
| Cash from operations | — | — | — | −¥644.0m | — | ¥52.0m | — | — |
| Capital spending | — | — | — | −¥2.0m | — | −¥5.0m | — | — |
| Free cash flow | — | — | — | −¥646.0m | — | ¥47.0m | — | — |
| Total assets | ¥7.11bn | ¥5.43bn | ¥4.91bn | ¥3.85bn | ¥2.50bn | ¥2.90bn | ¥2.90bn | ¥2.62bn |
| Cash and short-term investments | ¥1.40bn | ¥1.47bn | ¥1.26bn | ¥1.49bn | ¥420.0m | ¥605.4m | ¥547.9m | ¥261.7m |
| Debt | ¥1.92bn | ¥2.84bn | ¥721.2m | ¥1.84bn | ¥520.7m | ¥875.8m | ¥616.7m | ¥600.0m |
| Shareholders' equity | ¥1.82bn | ¥1.86bn | ¥1.81bn | ¥1.60bn | ¥1.50bn | ¥1.52bn | ¥1.53bn | ¥1.54bn |
Financial ratios
Data as of 29 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 30.1% | 26.6% | 29.6% | 27.7% | 27.2% | 30.8% |
| Operating margin | -1.4% | 2.4% | 1.7% | 2.5% | 2.5% | 2.6% |
| Net margin | 6.5% | 0.9% | 0.7% | 1.7% | 1.7% | 0.5% |
| Return on equity | 7.4% | 2.0% | 1.5% | 3.7% | 3.9% | 1.1% |
| Return on assets | 2.5% | 1.0% | 0.8% | 2.2% | 2.3% | 0.8% |
| Free cash flow yield | -65.6% | 18.9% | 20.6% | -5.3% | -8.7% | 3.4% |
| Revenue growth | -37.5% | 10.7% | -9.0% | 0.0% | 16.2% | -12.2% |
| Earnings growth | 354.8% | 32.7% | -59.4% | -1.2% | 272.7% | -25.1% |
| Current ratio | 3.40x | 1.39x | 1.04x | 1.80x | 2.04x | 2.84x |
| Debt to equity | 1.53x | 0.57x | 0.64x | 0.41x | 0.29x | 0.01x |
| Equity ratio | 34.2% | 52.6% | 50.0% | 57.8% | 59.8% | 70.8% |
| Interest coverage | -1.05x | 5.46x | 4.76x | 17.49x | 35.94x | 989.92x |
| Buybacks as a share of market value | 0.0% | -14.1% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.3% | -6.1% | -3.5% |
| Operating income | 35.4% | 21.8% | 20.3% |
| Net income | 34.9% | 55.3% | 12.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.0% | 28.3% | 28.5% | 27.4% |
| Operating margin | 5.2% | 3.5% | 3.2% | 2.3% |
| Net margin | 3.1% | 2.1% | 1.8% | 3.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 21.9 | 78.2 | 55.1 | 24.3 | 22.2 | 96.1 | 96.7 | 1.6 | 333.4 | 67.5 |
| Price to sales | 1.4 | 0.7 | 0.4 | 0.4 | 0.4 | 0.5 | 0.6 | 0.3 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 11 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 11.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.50 | 1.00 |
- 5-for-1 split · 23 Jun 2021
- 10-to-1 reverse split · 28 Sept 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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