M 
148
+2.07%
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
¥4.77bn
FY2017FY2026
Net income
−¥45.3m
FY2017FY2026
Free cash flow
−¥205.5m
FY2017FY2026
Shareholders' equity
¥701.3m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.77bn | ¥4.58bn | ¥4.68bn | ¥4.61bn | ¥2.63bn | ¥3.87bn | ¥8.36bn | ¥8.59bn | ¥8.54bn | ¥8.81bn |
| Gross profit | ¥2.82bn | ¥2.72bn | ¥2.70bn | ¥2.69bn | ¥1.44bn | ¥2.19bn | ¥4.92bn | ¥4.98bn | ¥4.84bn | ¥4.89bn |
| Operating income | −¥29.8m | ¥38.1m | ¥92.0m | −¥536.5m | −¥280.2m | −¥916.1m | −¥116.2m | ¥68.8m | ¥87.4m | ¥55.2m |
| Net income | −¥45.3m | ¥35.0m | ¥34.9m | −¥590.3m | −¥323.6m | −¥1.47bn | −¥361.4m | ¥52.2m | −¥37.2m | ¥107.5m |
| Diluted earnings per share | -4.46 | 3.49 | 4.35 | -73.52 | -40.31 | -183.11 | -45.02 | 6.51 | -4.64 | 13.38 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥2.87bn | ¥3.44bn | ¥3.83bn | ¥3.65bn | ¥4.03bn | ¥4.56bn | ¥4.21bn | ¥5.15bn | ¥5.15bn | ¥4.97bn |
| Cash and short-term investments | ¥1.43bn | ¥2.12bn | ¥2.54bn | ¥2.32bn | ¥2.39bn | ¥2.34bn | ¥1.62bn | ¥2.27bn | ¥2.42bn | ¥2.32bn |
| Total liabilities | ¥2.17bn | ¥3.03bn | ¥3.43bn | ¥3.59bn | ¥3.38bn | ¥3.56bn | ¥1.75bn | ¥2.24bn | ¥2.21bn | ¥1.91bn |
| Debt | ¥1.21bn | ¥2.01bn | ¥2.22bn | ¥2.23bn | ¥2.17bn | ¥2.10bn | ¥2.10bn | ¥42.1m | −¥37.6m | −¥41.2m |
| Shareholders' equity | ¥701.3m | ¥410.1m | ¥394.1m | ¥62.3m | ¥650.1m | ¥1.00bn | ¥2.47bn | ¥2.91bn | ¥2.94bn | ¥3.06bn |
| Shares outstanding | 10m | 10m | 8m | 8m | 8m | 8m | 8m | 8m | 8m | 8m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥76.5m | −¥82.8m | −¥37.7m | ¥50.5m | −¥158.4m | −¥1.25bn | −¥199.8m | ¥372.8m | ¥469.1m | ¥99.3m |
| Capital spending | −¥129.0m | −¥97.7m | −¥41.0m | −¥82.6m | −¥191.9m | −¥133.4m | −¥364.1m | −¥417.3m | −¥327.8m | −¥161.7m |
| Free cash flow | −¥205.5m | −¥180.6m | −¥78.7m | −¥32.1m | −¥350.3m | −¥1.39bn | −¥563.8m | −¥44.5m | ¥141.3m | −¥62.4m |
| Dividends paid | −¥23.2m | −¥23.2m | — | −¥13,000 | −¥73,000 | −¥212,000 | −¥80.5m | −¥80.3m | −¥80.5m | −¥80.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.13bn | ¥1.12bn | ¥1.25bn | ¥1.23bn | ¥1.17bn | ¥1.15bn | ¥1.18bn | ¥1.13bn |
| Gross profit | ¥655.6m | ¥659.0m | ¥726.8m | ¥740.2m | ¥695.6m | ¥676.8m | ¥721.3m | ¥670.4m |
| Operating income | −¥25.0m | −¥28.9m | ¥2.5m | ¥12.0m | −¥15.4m | ¥15.4m | ¥39.7m | −¥14.4m |
| Net income | −¥30.5m | −¥38.8m | ¥469,000 | ¥14.4m | −¥21.3m | ¥8.5m | ¥42.2m | −¥15.9m |
| Diluted earnings per share | -3.00 | -3.82 | 0.05 | 1.43 | -2.13 | 0.85 | 5.25 | -1.98 |
| Total assets | ¥3.77bn | ¥2.87bn | ¥3.28bn | ¥2.98bn | ¥3.74bn | ¥3.44bn | ¥3.75bn | ¥3.49bn |
| Cash and short-term investments | ¥2.43bn | ¥1.43bn | ¥1.78bn | ¥1.57bn | ¥2.45bn | ¥2.12bn | ¥2.34bn | ¥2.18bn |
| Debt | ¥1.11bn | ¥1.21bn | ¥1.11bn | ¥1.31bn | ¥1.71bn | ¥2.01bn | ¥1.74bn | ¥2.11bn |
| Shareholders' equity | ¥1.65bn | ¥701.3m | ¥740.3m | ¥736.3m | ¥718.7m | ¥410.1m | ¥401.0m | ¥355.1m |
Financial ratios
Data as of 31 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 59.2% | 59.4% | 57.7% | 58.3% | 54.7% | 56.7% |
| Operating margin | -0.4% | 1.7% | 1.1% | -11.6% | -10.6% | -23.7% |
| Net margin | -1.0% | 0.8% | 0.7% | -12.8% | -12.3% | -38.0% |
| Return on equity | -6.5% | 8.5% | 8.9% | -946.8% | -49.8% | -147.0% |
| Return on assets | -1.6% | 1.0% | 0.9% | -16.2% | -8.0% | -32.2% |
| Free cash flow yield | 3.1% | 0.9% | 0.2% | 9.9% | 2.5% | -83.1% |
| Revenue growth | 4.1% | -2.0% | 1.3% | 75.6% | -32.1% | -53.7% |
| Earnings growth | -229.6% | 0.1% | -105.9% | 82.4% | -78.0% | 306.7% |
| Current ratio | 1.25x | 1.16x | 1.17x | 1.03x | 1.19x | 1.14x |
| Debt to equity | 1.73x | 4.91x | 5.62x | 35.69x | 3.50x | 2.10x |
| Equity ratio | 24.5% | 11.9% | 10.3% | 1.7% | 16.1% | 21.9% |
| Interest coverage | -0.62x | 2.21x | 1.72x | -25.24x | -16.87x | -84.12x |
| Buybacks as a share of market value | -1.3% | -24.9% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.1% | 4.3% | -6.9% |
| Operating income | -61.8% | -49.6% | — |
| Net income | -57.5% | -50.1% | -16.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 59.3% | 58.7% | 58.0% | 57.1% |
| Operating margin | 0.1% | -2.3% | -6.5% | -2.0% |
| Net margin | -0.1% | -3.0% | -9.4% | -4.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -33.0 | 54.8 | 46.0 | -3.3 | -9.7 | -2.2 | -10.7 | 120.2 | -166.9 | 60.8 |
| Price to sales | 0.3 | 0.4 | 0.3 | 0.4 | 1.2 | 0.8 | 0.5 | 0.7 | 0.7 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Sept 2019.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 13.00 | 16.00 |
- 1.2-for-1 split · 28 Mar 2000
- 1.1-for-1 split · 26 Mar 1999
- 1.1-for-1 split · 26 Mar 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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