I 
494
-3.52%
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
¥17.88bn
FY2019FY2026
Net income
¥158.0m
FY2019FY2026
Free cash flow
−¥1.57bn
FY2019FY2026
Shareholders' equity
¥2.54bn
FY2019FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥17.88bn | ¥13.94bn | ¥13.86bn | ¥12.31bn | ¥11.65bn | ¥8.80bn | ¥5.26bn | ¥4.40bn |
| Operating income | ¥269.7m | ¥74.4m | ¥320.4m | ¥314.3m | ¥604.4m | ¥526.4m | ¥170.0m | ¥68.2m |
| Net income | ¥158.0m | −¥98.1m | ¥259.0m | −¥219.8m | ¥361.1m | ¥419.8m | ¥143.9m | ¥69.7m |
| Diluted earnings per share | 26.10 | -16.50 | 43.69 | -36.77 | 62.66 | 70.06 | 26.65 | 11.51 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ¥9.56bn | ¥8.64bn | ¥7.42bn | ¥6.60bn | ¥6.93bn | ¥4.43bn | ¥2.26bn | ¥1.63bn |
| Cash and short-term investments | ¥928.5m | ¥2.93bn | ¥2.13bn | ¥2.70bn | ¥4.12bn | ¥2.83bn | ¥1.08bn | ¥540.4m |
| Total liabilities | ¥7.02bn | ¥6.28bn | ¥4.97bn | ¥4.40bn | ¥4.52bn | ¥2.40bn | ¥2.08bn | ¥1.60bn |
| Debt | ¥3.81bn | ¥4.12bn | ¥2.90bn | ¥2.50bn | ¥2.94bn | ¥921.0m | ¥1.23bn | ¥882.2m |
| Shareholders' equity | ¥2.54bn | ¥2.36bn | ¥2.45bn | ¥2.20bn | ¥2.41bn | ¥2.03bn | ¥176.4m | ¥32.4m |
| Shares outstanding | 6m | 6m | 6m | 6m | 6m | 6m | 5m | 6m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥1.55bn | ¥65.3m | −¥609.2m | −¥344.3m | ¥399.8m | ¥668.1m | ¥234.8m | ¥32.8m |
| Capital spending | −¥11.6m | −¥4.0m | −¥173.8m | −¥2.7m | −¥11.0m | −¥11.1m | −¥13.6m | −¥77.2m |
| Free cash flow | −¥1.57bn | ¥61.3m | −¥783.0m | −¥347.0m | ¥388.8m | ¥657.0m | ¥221.2m | −¥44.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.79bn | ¥4.86bn | ¥5.49bn | ¥4.25bn | ¥3.29bn | ¥3.73bn | ¥3.64bn | ¥3.20bn |
| Operating income | ¥30.1m | ¥144.0m | ¥171.2m | ¥35.3m | −¥80.8m | ¥84.0m | ¥80.2m | −¥45.1m |
| Net income | ¥1.8m | ¥165.0m | ¥94.1m | −¥12.5m | −¥88.6m | −¥26.0m | ¥38.9m | −¥60.5m |
| Diluted earnings per share | 0.30 | 27.26 | 15.83 | -2.11 | -14.91 | -4.38 | 6.57 | -10.20 |
| Total assets | ¥10.10bn | ¥9.56bn | ¥10.45bn | ¥8.76bn | ¥8.91bn | ¥8.64bn | ¥9.07bn | ¥7.61bn |
| Cash and short-term investments | ¥1.14bn | ¥928.5m | ¥1.18bn | ¥1.44bn | ¥2.52bn | ¥2.93bn | ¥2.65bn | ¥2.07bn |
| Debt | ¥2.99bn | ¥3.81bn | ¥2.10bn | ¥3.49bn | ¥1.26bn | ¥4.12bn | ¥1.85bn | ¥3.50bn |
| Shareholders' equity | ¥2.54bn | ¥2.54bn | ¥2.37bn | ¥2.27bn | ¥2.28bn | ¥2.36bn | ¥2.39bn | ¥2.35bn |
Financial ratios
Data as of 21 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | 1.8% | 0.2% | 1.9% | 0.4% | 4.8% | 6.0% |
| Net margin | 0.9% | -0.7% | 1.9% | -1.8% | 3.1% | 4.8% |
| Return on equity | 6.2% | -4.2% | 10.6% | -10.0% | 15.0% | 20.7% |
| Return on assets | 1.7% | -1.1% | 3.5% | -3.3% | 5.2% | 9.5% |
| Free cash flow yield | -44.6% | 1.9% | -17.8% | -10.0% | 12.0% | 19.4% |
| Revenue growth | 28.2% | 0.6% | 12.6% | 5.6% | 32.5% | 67.2% |
| Earnings growth | -261.1% | -137.9% | -217.8% | -160.9% | -14.0% | 191.7% |
| Current ratio | 1.53x | 1.75x | 1.74x | 1.96x | 2.35x | 2.39x |
| Debt to equity | 1.50x | 1.74x | 1.19x | 1.14x | 1.22x | 0.45x |
| Equity ratio | 26.6% | 27.3% | 33.0% | 33.3% | 34.8% | 45.7% |
| Interest coverage | 8.59x | 1.06x | 18.92x | 3.96x | 51.93x | 85.38x |
| Buybacks as a share of market value | -1.8% | -0.3% | 0.8% | -3.7% | 3.8% | -10.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.2% | 15.2% | — |
| Operating income | -5.0% | -12.5% | — |
| Net income | — | -17.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.1% | 1.7% | 2.7% | — |
| Net margin | 0.2% | 0.2% | 1.1% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 22.0 | -47.4 | 8.9 | -21.8 | 13.7 | 20.6 | 191.7 |
| Price to sales | 0.2 | 0.3 | 0.2 | 0.4 | 0.4 | 1.0 | 5.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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