T 
143
+5.15%
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
¥17.33bn
FY2016FY2025
Net income
−¥731.2m
FY2016FY2025
Free cash flow
¥778.2m
FY2016FY2025
Shareholders' equity
¥737.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥17.33bn | ¥18.41bn | ¥18.95bn | ¥20.91bn | ¥26.41bn | ¥30.13bn | ¥31.19bn | ¥32.26bn | ¥31.26bn | ¥31.75bn |
| Gross profit | ¥5.63bn | ¥5.93bn | ¥5.57bn | ¥6.22bn | ¥7.40bn | ¥8.44bn | ¥9.15bn | ¥8.68bn | ¥9.84bn | ¥10.00bn |
| Operating income | −¥391.0m | −¥502.0m | −¥802.3m | −¥154.8m | ¥356.1m | ¥436.1m | ¥174.0m | −¥1.13bn | ¥307.9m | ¥744.9m |
| Net income | −¥731.2m | −¥717.6m | −¥1.38bn | −¥272.8m | −¥1.94bn | ¥371.3m | ¥136.0m | −¥1.38bn | −¥2.46bn | ¥378.2m |
| Diluted earnings per share | -46.84 | -45.97 | -103.11 | -22.58 | -160.52 | 30.73 | 11.23 | -114.56 | -203.27 | 31.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥14.79bn | ¥15.78bn | ¥17.24bn | ¥18.18bn | ¥18.33bn | ¥20.18bn | ¥21.53bn | ¥24.39bn | ¥24.21bn | ¥24.53bn |
| Cash and short-term investments | ¥1.20bn | ¥988.9m | ¥1.57bn | ¥1.58bn | ¥1.32bn | ¥2.22bn | ¥1.25bn | ¥3.45bn | ¥2.17bn | ¥1.48bn |
| Total liabilities | ¥14.02bn | ¥14.16bn | ¥14.73bn | ¥14.78bn | ¥14.52bn | ¥16.54bn | ¥18.25bn | ¥21.25bn | ¥19.60bn | ¥17.30bn |
| Debt | ¥9.14bn | ¥9.79bn | ¥10.61bn | ¥10.89bn | ¥10.30bn | ¥11.05bn | ¥13.59bn | ¥16.22bn | ¥14.56bn | ¥11.76bn |
| Shareholders' equity | ¥737.1m | ¥1.59bn | ¥2.48bn | ¥3.37bn | ¥3.78bn | ¥3.62bn | ¥3.25bn | ¥3.11bn | ¥4.59bn | ¥7.21bn |
| Shares outstanding | 16m | 16m | 13m | 12m | 12m | 12m | 12m | 12m | 12m | 12m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥898.9m | ¥795.9m | −¥204.3m | ¥220.1m | −¥2.41bn | ¥3.36bn | ¥623.3m | ¥98.2m | ¥1.18bn | ¥1.43bn |
| Capital spending | −¥120.7m | −¥63.6m | −¥35.3m | −¥69.7m | −¥124.0m | −¥176.1m | −¥29.0m | −¥201.8m | −¥509.5m | −¥253.3m |
| Free cash flow | ¥778.2m | ¥732.2m | −¥239.6m | ¥150.4m | −¥2.54bn | ¥3.18bn | ¥594.3m | −¥103.6m | ¥672.5m | ¥1.18bn |
| Dividends paid | −¥126.1m | −¥172.8m | −¥198.4m | −¥120.7m | −¥5,000 | −¥1.1m | −¥1.3m | −¥91.4m | −¥182.0m | −¥181.1m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.22bn | ¥4.67bn | ¥4.73bn | ¥4.08bn | ¥3.95bn | ¥4.41bn | ¥4.89bn | ¥4.37bn |
| Gross profit | ¥1.87bn | ¥1.69bn | ¥1.70bn | ¥1.41bn | ¥1.43bn | ¥1.53bn | ¥1.68bn | ¥1.59bn |
| Operating income | −¥9.0m | ¥25.2m | ¥117.5m | −¥169.6m | −¥109.7m | −¥116.1m | ¥4.4m | −¥200.5m |
| Net income | ¥850.1m | ¥725.1m | ¥86.9m | −¥323.4m | −¥145.5m | −¥234.1m | −¥28.1m | −¥332.2m |
| Diluted earnings per share | 33.52 | 28.59 | 3.43 | -20.72 | -9.32 | -15.00 | -1.80 | -21.28 |
| Cash from operations | — | — | — | ¥898.0m | — | — | — | — |
| Capital spending | — | — | — | −¥120.0m | — | — | — | — |
| Free cash flow | — | — | — | ¥778.0m | — | — | — | — |
| Total assets | ¥17.43bn | ¥17.73bn | ¥15.75bn | ¥14.79bn | ¥14.48bn | ¥14.81bn | ¥15.71bn | ¥15.78bn |
| Cash and short-term investments | ¥1.88bn | ¥560.9m | ¥2.29bn | ¥1.20bn | ¥952.6m | ¥911.5m | ¥1.06bn | ¥988.9m |
| Debt | ¥5.23bn | ¥6.37bn | ¥5.61bn | ¥6.76bn | ¥5.72bn | ¥6.66bn | ¥5.31bn | ¥5.44bn |
| Shareholders' equity | ¥2.27bn | ¥1.49bn | ¥760.5m | ¥737.1m | ¥1.06bn | ¥1.27bn | ¥1.50bn | ¥1.59bn |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 32.5% | 32.2% | 29.4% | 29.8% | 28.0% | 28.0% |
| Operating margin | -3.1% | -3.1% | -6.5% | -0.7% | -6.8% | 1.4% |
| Net margin | -4.2% | -3.9% | -7.3% | -1.3% | -7.3% | 1.2% |
| Return on equity | -99.2% | -45.0% | -55.5% | -8.1% | -51.3% | 10.3% |
| Return on assets | -4.9% | -4.5% | -8.0% | -1.5% | -10.6% | 1.8% |
| Free cash flow yield | 34.7% | 29.3% | -6.7% | 12.8% | -100.7% | 155.6% |
| Revenue growth | -5.9% | -2.8% | -9.3% | -20.8% | -12.3% | -3.4% |
| Earnings growth | 1.9% | -47.9% | 404.5% | -85.9% | -622.4% | 173.1% |
| Current ratio | 0.83x | 0.94x | 1.07x | 1.12x | 1.19x | 1.28x |
| Debt to equity | 9.17x | 4.42x | 3.09x | 2.32x | 1.92x | 2.09x |
| Equity ratio | 5.0% | 10.1% | 14.4% | 18.6% | 20.6% | 17.9% |
| Interest coverage | -4.26x | -5.08x | -11.20x | -1.48x | -17.98x | 3.66x |
| Buybacks as a share of market value | 0.0% | -16.9% | -10.5% | 0.0% | 0.0% | 0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.1% | -10.5% | -6.3% |
| Operating income | 36.2% | — | — |
| Net income | 38.9% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.4% | 30.9% | 29.7% | 29.9% |
| Operating margin | -2.5% | -2.4% | -0.8% | -0.1% |
| Net margin | -4.1% | -4.1% | -3.5% | -2.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.5 | -2.9 | -1.5 | -8.4 | -1.7 | 11.5 | 30.5 | -2.4 | -2.5 | 15.4 |
| Price to sales | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 Oct 2023.
| FY2024 | FY2023 | FY2022 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 3.00 | 6.00 | 3.00 | 7.50 | 15.00 | 15.00 | 15.00 | 15.00 |
- 2-for-1 split · 25 Jun 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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