S 
43
+4.88%
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
¥1.37bn
FY2016FY2025
Net income
−¥258.2m
FY2016FY2025
Free cash flow
−¥532.8m
FY2016FY2025
Shareholders' equity
¥4.35bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.37bn | ¥2.31bn | ¥3.39bn | ¥4.70bn | ¥4.92bn | ¥2.86bn | ¥3.00bn | ¥2.48bn | ¥3.37bn | ¥3.53bn |
| Gross profit | ¥361.5m | ¥525.0m | ¥984.6m | ¥1.34bn | ¥1.30bn | ¥339.1m | ¥763.4m | ¥440.2m | ¥902.9m | ¥1.18bn |
| Operating income | −¥456.9m | −¥415.3m | ¥155.2m | ¥382.7m | ¥386.6m | −¥251.0m | ¥86.8m | −¥79.7m | ¥130.9m | ¥443.0m |
| Net income | −¥258.2m | −¥1.53bn | ¥93.6m | ¥201.0m | ¥483.3m | −¥656.0m | −¥1.72bn | −¥263.5m | ¥58.5m | ¥310.5m |
| Diluted earnings per share | -3.04 | -18.06 | 1.10 | 2.37 | 5.72 | -9.65 | -25.37 | -3.88 | 0.86 | 4.57 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥4.87bn | ¥5.27bn | ¥6.74bn | ¥7.23bn | ¥7.47bn | ¥5.00bn | ¥5.61bn | ¥7.41bn | ¥7.94bn | ¥7.81bn |
| Cash and short-term investments | ¥3.24bn | ¥3.47bn | ¥1.76bn | ¥1.95bn | ¥2.08bn | ¥2.01bn | ¥2.24bn | ¥2.54bn | ¥1.70bn | ¥2.67bn |
| Total liabilities | ¥515.2m | ¥898.3m | ¥962.4m | ¥1.36bn | ¥1.63bn | ¥1.03bn | ¥863.2m | ¥799.6m | ¥919.8m | ¥723.0m |
| Debt | ¥82.1m | ¥230.0m | ¥460.0m | ¥670.0m | ¥680.0m | ¥580.0m | ¥320.1m | ¥363.0m | ¥409.8m | ¥16.3m |
| Shareholders' equity | ¥4.35bn | ¥4.36bn | ¥5.77bn | ¥5.86bn | ¥5.83bn | ¥3.96bn | ¥4.74bn | ¥6.60bn | ¥7.02bn | ¥7.09bn |
| Shares outstanding | 85m | 85m | 85m | 85m | 84m | 68m | 68m | 68m | 68m | 68m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥524.3m | ¥610.4m | ¥253.7m | ¥168.5m | ¥115.4m | −¥47.2m | ¥264.3m | ¥747.9m | −¥16.1m | ¥150.3m |
| Capital spending | −¥8.5m | −¥17.7m | −¥17.9m | −¥46.5m | −¥12.2m | −¥39.0m | −¥82.3m | −¥21.3m | −¥407.7m | −¥67.9m |
| Free cash flow | −¥532.8m | ¥592.7m | ¥235.8m | ¥122.0m | ¥103.2m | −¥86.2m | ¥182.0m | ¥726.7m | −¥423.8m | ¥82.5m |
| Dividends paid | — | — | −¥169.6m | −¥168.2m | −¥136.0m | −¥135.9m | −¥135.9m | −¥135.9m | −¥135.0m | −¥135.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥352.7m | ¥304.9m | ¥331.3m | ¥395.8m | ¥245.9m | ¥334.3m | ¥397.0m | ¥413.0m |
| Gross profit | ¥132.4m | ¥56.3m | ¥149.4m | ¥105.1m | ¥69.9m | ¥87.1m | ¥98.5m | ¥70.0m |
| Operating income | ¥133.3m | −¥16.3m | −¥55.7m | −¥41.2m | −¥56.0m | −¥361.5m | −¥35.0m | −¥291.0m |
| Net income | ¥268.8m | −¥53.0m | −¥71.8m | −¥108.3m | −¥31.9m | −¥212.8m | ¥94.0m | −¥1.40bn |
| Diluted earnings per share | 3.07 | -0.61 | -0.85 | -1.28 | -0.38 | -2.51 | 1.11 | -16.54 |
| Cash from operations | — | — | — | −¥524.0m | — | — | — | — |
| Capital spending | — | — | — | −¥8.0m | — | — | — | — |
| Free cash flow | — | — | — | −¥532.0m | — | — | — | — |
| Total assets | ¥5.61bn | ¥4.80bn | ¥4.78bn | ¥4.87bn | ¥4.95bn | ¥5.04bn | ¥5.02bn | ¥5.27bn |
| Cash and short-term investments | ¥3.29bn | ¥2.15bn | ¥2.15bn | ¥3.24bn | ¥3.19bn | ¥3.47bn | ¥3.37bn | ¥3.47bn |
| Debt | — | ¥20.0m | — | ¥82.1m | — | ¥30.0m | — | ¥150.0m |
| Shareholders' equity | ¥5.24bn | ¥4.24bn | ¥4.28bn | ¥4.35bn | ¥4.49bn | ¥4.52bn | ¥4.44bn | ¥4.36bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -33.7% | -13.7% | -7.7% |
| Operating income | — | 12.7% | — |
| Net income | — | -17.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.1% | 27.2% | 24.8% | 26.5% |
| Operating margin | -23.7% | -2.8% | -1.0% | 2.2% |
| Net margin | -48.6% | -12.7% | -8.5% | -8.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -20.7 | -3.0 | 57.1 | 39.2 | 20.8 | -9.2 | -4.1 | -23.7 | 164.8 | 32.8 |
| Price to sales | 3.9 | 2.0 | 1.6 | 1.7 | 2.0 | 2.1 | 2.3 | 2.5 | 2.9 | 2.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Sept 2022.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
- 1.3-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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