P 
189
+3.85%
Close of 9 Nov 2026, in JPY
Search any instrument
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
¥5.22bn
FY2017FY2026
Net income
¥394.9m
FY2017FY2026
Free cash flow
−¥50.6m
FY2017FY2026
Shareholders' equity
¥4.09bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.22bn | ¥4.69bn | ¥3.98bn | ¥5.28bn | ¥7.43bn | ¥9.30bn | ¥5.07bn | ¥4.38bn | ¥3.64bn | ¥3.85bn |
| Gross profit | ¥1.58bn | ¥1.38bn | ¥950.4m | ¥1.35bn | ¥2.49bn | ¥3.10bn | ¥1.56bn | ¥1.55bn | ¥1.31bn | ¥1.35bn |
| Research and development | — | ¥128.9m | ¥216.0m | ¥375.0m | ¥385.0m | ¥551.0m | ¥522.0m | ¥377.0m | ¥568.1m | ¥647.0m |
| Operating income | ¥201.3m | −¥121.5m | −¥956.2m | −¥1.11bn | ¥205.6m | ¥895.3m | −¥82.4m | ¥164.0m | −¥429.5m | −¥566.0m |
| Net income | ¥394.9m | −¥253.1m | −¥1.12bn | −¥1.32bn | ¥45.3m | ¥796.0m | −¥114.3m | ¥130.3m | −¥457.6m | −¥555.2m |
| Diluted earnings per share | 14.41 | -9.22 | -40.59 | -47.93 | 1.64 | 28.81 | -4.33 | 5.20 | -19.82 | -24.07 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥5.85bn | ¥4.94bn | ¥6.40bn | ¥9.76bn | ¥11.41bn | ¥11.57bn | ¥6.44bn | ¥5.50bn | ¥5.13bn | ¥5.80bn |
| Cash and short-term investments | ¥1.37bn | ¥1.04bn | ¥1.92bn | ¥2.45bn | ¥2.76bn | ¥4.04bn | ¥2.11bn | ¥1.85bn | ¥2.06bn | ¥2.44bn |
| Total liabilities | ¥1.76bn | ¥1.18bn | ¥2.25bn | ¥4.54bn | ¥4.90bn | ¥4.99bn | ¥2.12bn | ¥1.53bn | ¥1.84bn | ¥2.05bn |
| Debt | ¥1.03bn | ¥564.2m | ¥1.37bn | ¥3.88bn | ¥4.02bn | ¥3.69bn | ¥1.01bn | ¥963.9m | ¥1.22bn | ¥1.46bn |
| Shareholders' equity | ¥4.09bn | ¥3.76bn | ¥4.14bn | ¥5.22bn | ¥6.51bn | ¥6.58bn | ¥4.32bn | ¥3.98bn | ¥3.29bn | ¥3.75bn |
| Shares outstanding | 27m | 27m | 28m | 28m | 28m | 28m | 26m | 25m | 23m | 23m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥51.4m | ¥95.8m | −¥106.8m | −¥6.7m | ¥869.2m | −¥281.0m | −¥21.5m | −¥403.7m | −¥32.8m | −¥802.8m |
| Capital spending | −¥102.0m | −¥52.6m | −¥24.0m | −¥155.3m | −¥2.25bn | −¥1.81bn | −¥230.3m | −¥96.4m | −¥114.8m | −¥270.1m |
| Free cash flow | −¥50.6m | ¥43.2m | −¥130.8m | −¥162.0m | −¥1.38bn | −¥2.09bn | −¥251.8m | −¥500.1m | −¥147.7m | −¥1.07bn |
| Dividends paid | — | — | — | — | −¥138.3m | −¥138.3m | −¥191.5m | −¥50,000 | −¥69,000 | −¥194,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.44bn | ¥1.24bn | ¥1.22bn | ¥1.32bn | ¥1.23bn | ¥1.26bn | ¥1.12bn | ¥1.08bn |
| Gross profit | ¥426.4m | ¥369.5m | ¥377.5m | ¥410.6m | ¥350.4m | ¥383.5m | ¥293.0m | ¥354.0m |
| Operating income | ¥67.0m | ¥49.6m | ¥28.9m | ¥55.8m | −¥37.6m | ¥27.4m | −¥64.0m | −¥47.0m |
| Net income | ¥193.3m | ¥139.7m | ¥7.5m | ¥54.4m | −¥66.9m | −¥30.1m | −¥77.0m | −¥79.0m |
| Diluted earnings per share | 7.05 | 5.10 | 0.27 | 1.98 | -2.44 | -1.10 | -2.79 | -2.86 |
| Total assets | ¥5.85bn | ¥5.57bn | ¥5.28bn | ¥5.16bn | ¥4.94bn | ¥5.71bn | ¥5.95bn | ¥6.02bn |
| Cash and short-term investments | ¥1.37bn | ¥942.7m | ¥1.01bn | ¥1.01bn | ¥1.04bn | ¥1.82bn | ¥1.72bn | ¥1.64bn |
| Debt | ¥1.03bn | ¥790.0m | ¥836.7m | ¥702.0m | ¥534.2m | ¥912.4m | ¥1.23bn | ¥1.02bn |
| Shareholders' equity | ¥4.09bn | ¥3.89bn | ¥3.85bn | ¥3.81bn | ¥3.76bn | ¥3.83bn | ¥3.97bn | ¥4.02bn |
Financial ratios
Data as of 13 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 30.4% | 29.4% | 23.9% | 25.6% | 33.5% | 33.3% | — |
| Operating margin | 3.9% | -4.9% | -26.9% | -23.4% | 2.8% | 8.5% | — |
| Net margin | 7.6% | -5.4% | -28.2% | -25.1% | 0.6% | 8.6% | — |
| Return on equity | 9.7% | -6.7% | -27.1% | -25.4% | 0.7% | 12.1% | — |
| Return on assets | 6.7% | -5.1% | -17.5% | -13.6% | 0.4% | 6.9% | — |
| Free cash flow yield | 2.5% | 2.4% | -1.3% | 2.4% | 50.6% | 24.8% | — |
| Revenue growth | 11.2% | 17.9% | -24.6% | -29.0% | -20.1% | 83.5% | — |
| Earnings growth | -256.0% | -77.4% | -15.3% | -3021.0% | -94.3% | -796.6% | — |
| Current ratio | 2.79x | 2.94x | 2.35x | 2.93x | 3.15x | 2.41x | — |
| Debt to equity | 0.25x | 0.14x | 0.33x | 0.74x | 0.62x | 0.56x | — |
| Equity ratio | 69.9% | 76.2% | 64.8% | 53.5% | 57.1% | 56.9% | — |
| Interest coverage | 11.99x | -11.10x | -33.92x | -30.41x | 5.39x | 47.48x | — |
| R&D as a share of sales | — | 2.7% | 5.4% | 7.1% | 5.2% | 5.9% | 10.3% |
| Buybacks as a share of market value | 0.2% | 0.6% | 0.0% | 0.0% | 0.0% | -4.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.4% | -10.9% | 1.6% |
| Operating income | — | -25.8% | — |
| Net income | — | -13.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 29.9% | 27.5% | 30.2% | 31.4% |
| Operating margin | 0.8% | -10.4% | -2.5% | -4.4% |
| Net margin | 1.4% | -12.0% | -4.1% | -7.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.4 | -20.2 | -5.7 | -5.4 | 259.0 | 16.8 | -221.5 | 72.7 | -13.5 | -27.5 |
| Price to sales | 1.0 | 1.1 | 1.6 | 1.4 | 1.6 | 1.4 | 5.0 | 2.2 | 1.7 | 4.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Jun 2021.
| FY2022 | FY2015 | FY2014 | FY2011 | |
|---|---|---|---|---|
| Paid in the year | 5.00 | 7.50 | 11.50 | 7.50 |
- 200-for-1 split · 26 Dec 2013
- 2-for-1 split · 28 Jun 2010
- 4-for-1 split · 25 Dec 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.