67
0.00%
Close of 9 Nov 2026, in JPY
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At a glance
Figures in JPY, from our data supplier.
Revenue
¥7.73bn
FY2018FY2026
Net income
¥587.3m
FY2018FY2026
Free cash flow
−¥127.5m
FY2018FY2026
Shareholders' equity
¥1.42bn
FY2018FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥7.73bn | ¥6.73bn | ¥5.00bn | ¥5.24bn | ¥4.58bn | ¥3.75bn | ¥3.66bn | ¥3.47bn | ¥2.48bn |
| Gross profit | ¥2.72bn | ¥2.18bn | ¥1.39bn | ¥1.53bn | ¥285.0m | ¥850.5m | ¥1.24bn | ¥830.6m | ¥590.1m |
| Operating income | ¥821.4m | ¥697.0m | ¥277.4m | ¥593.1m | −¥420.4m | ¥181.8m | ¥548.4m | ¥228.1m | ¥106.2m |
| Net income | ¥587.3m | ¥461.0m | ¥150.3m | ¥386.2m | −¥389.2m | ¥124.8m | ¥374.7m | ¥166.7m | ¥64.8m |
| Diluted earnings per share | 5.33 | 4.19 | 1.36 | 3.51 | -3.53 | 1.13 | 3.51 | 1.51 | 0.59 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥3.43bn | ¥3.06bn | ¥2.37bn | ¥2.58bn | ¥2.23bn | ¥1.59bn | ¥1.46bn | ¥1.15bn | ¥841.4m |
| Cash and short-term investments | ¥497.2m | ¥880.5m | ¥566.1m | ¥962.5m | ¥466.4m | ¥415.1m | ¥720.8m | ¥335.0m | ¥128.4m |
| Total liabilities | ¥2.01bn | ¥1.86bn | ¥1.48bn | ¥1.73bn | ¥1.76bn | ¥600.1m | ¥775.3m | ¥839.0m | ¥695.3m |
| Debt | ¥751.7m | ¥959.9m | ¥886.0m | ¥1.23bn | ¥1.21bn | ¥97.8m | ¥177.8m | ¥353.1m | ¥267.0m |
| Shareholders' equity | ¥1.42bn | ¥1.21bn | ¥887.8m | ¥858.7m | ¥472.5m | ¥993.3m | ¥685.6m | ¥311.9m | ¥146.1m |
| Shares outstanding | 110m | 110m | 110m | 110m | 110m | 110m | 107m | 110m | 110m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥127.2m | ¥389.8m | ¥79.5m | ¥693.8m | −¥496.9m | −¥212.4m | ¥566.7m | ¥122.3m | −¥4.4m |
| Capital spending | −¥306,000 | −¥6.1m | −¥1.5m | −¥228.0m | −¥203.2m | −¥141.6m | −¥745,000 | — | −¥786,000 |
| Free cash flow | −¥127.5m | ¥383.8m | ¥78.0m | ¥465.7m | −¥700.2m | −¥354.1m | ¥566.0m | ¥122.3m | −¥5.1m |
| Dividends paid | −¥375.0m | −¥142.7m | −¥120.4m | — | −¥131.4m | — | — | — | — |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.15bn | ¥1.80bn | ¥1.98bn | ¥1.80bn | ¥1.57bn | ¥1.74bn | ¥1.86bn | ¥1.56bn |
| Gross profit | ¥666.8m | ¥604.2m | ¥798.2m | ¥649.5m | ¥580.2m | ¥591.2m | ¥591.2m | ¥428.7m |
| Operating income | ¥181.3m | −¥29.3m | ¥427.7m | ¥241.7m | ¥102.5m | ¥316.6m | ¥232.0m | ¥45.8m |
| Net income | ¥166.7m | −¥54.0m | ¥304.3m | ¥170.3m | ¥104.4m | ¥184.5m | ¥145.7m | ¥26.5m |
| Diluted earnings per share | 1.51 | -0.49 | 2.76 | 1.55 | 0.95 | 1.67 | 1.32 | 0.24 |
| Total assets | ¥3.43bn | ¥2.95bn | ¥3.58bn | ¥2.75bn | ¥3.06bn | ¥2.84bn | ¥2.90bn | ¥2.57bn |
| Cash and short-term investments | ¥497.2m | ¥726.7m | ¥1.03bn | ¥552.5m | ¥880.5m | ¥705.4m | ¥633.4m | ¥650.0m |
| Debt | ¥651.7m | ¥454.2m | ¥1.12bn | ¥466.5m | ¥480.9m | ¥495.3m | ¥1.17bn | ¥697.9m |
| Shareholders' equity | ¥1.42bn | ¥1.25bn | ¥1.45bn | ¥1.14bn | ¥1.21bn | ¥1.10bn | ¥916.8m | ¥771.1m |
Financial ratios
Data as of 4 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 35.2% | 32.4% | 27.8% | 29.2% | 6.2% | 22.7% |
| Operating margin | 10.6% | 10.4% | 5.5% | 11.3% | -9.2% | 4.8% |
| Net margin | 7.6% | 6.9% | 3.0% | 7.4% | -8.5% | 3.3% |
| Return on equity | 41.4% | 38.2% | 16.9% | 45.0% | -82.4% | 12.6% |
| Return on assets | 17.1% | 15.1% | 6.4% | 14.9% | -17.5% | 7.8% |
| Free cash flow yield | -1.5% | 4.7% | 1.0% | 11.0% | -3.5% | -0.8% |
| Revenue growth | 15.0% | 34.5% | -4.6% | 14.4% | 22.1% | 2.5% |
| Earnings growth | 27.4% | 206.8% | -61.1% | -199.2% | -411.8% | -66.7% |
| Current ratio | 1.61x | 1.68x | 1.73x | 1.62x | 1.24x | 2.27x |
| Debt to equity | 0.46x | 0.40x | 1.00x | 1.44x | 2.55x | 0.10x |
| Equity ratio | 41.3% | 39.4% | 37.5% | 33.2% | 21.2% | 62.3% |
| Interest coverage | 57.04x | 67.79x | 46.98x | 83.65x | -98.12x | 129.59x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -3.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.8% | 15.6% | — |
| Operating income | 11.5% | 35.2% | — |
| Net income | 15.0% | 36.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 33.9% | 31.7% | 27.1% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 12.8 | 24.8 | 63.8 | 21.4 | -41.1 | 42.5 | 32.0 |
| Price to sales | 1.0 | 1.7 | 1.9 | 1.6 | 3.5 | 1.4 | 3.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 29 Jan 2026.
| FY2026 | FY2025 | FY2024 | FY2022 | |
|---|---|---|---|---|
| Paid in the year | 1.30 | 3.40 | 1.10 | 1.194 |
- 3-for-1 split · 27 Apr 2023
- 4-for-1 split · 15 Mar 2023
- 3-for-1 split · 28 Oct 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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