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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
¥2.10bn
FY2017FY2026
Net income
−¥156.1m
FY2017FY2026
Free cash flow
−¥69.6m
FY2017FY2026
Shareholders' equity
¥56.1m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.10bn | ¥1.66bn | ¥1.31bn | ¥1.22bn | ¥1.02bn | ¥1.07bn | ¥1.88bn | ¥1.64bn | ¥3.26bn | ¥2.73bn |
| Research and development | — | — | ¥30.0m | ¥15.0m | ¥13.0m | ¥4.0m | ¥21.0m | ¥53.0m | ¥114.8m | ¥128.2m |
| Operating income | −¥112.1m | −¥192.8m | −¥263.3m | −¥195.2m | −¥176.0m | −¥131.4m | −¥88.3m | ¥142.0m | ¥195.8m | ¥26.1m |
| Net income | −¥156.1m | −¥200.9m | −¥273.2m | −¥204.9m | −¥121.6m | −¥116.5m | −¥101.0m | ¥102.5m | ¥122.7m | ¥943,000 |
| Diluted earnings per share | -11.34 | -14.59 | -19.84 | -14.88 | -8.83 | -8.46 | -7.34 | 7.44 | 8.91 | 0.07 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥805.9m | ¥1.74bn | ¥2.35bn | ¥1.58bn | ¥2.09bn | ¥2.53bn | ¥2.80bn | ¥3.60bn | ¥3.85bn | ¥3.35bn |
| Cash and short-term investments | ¥170.0m | ¥438.7m | ¥1.16bn | ¥849.2m | ¥1.41bn | ¥1.78bn | ¥1.88bn | ¥2.26bn | ¥1.10bn | ¥971.5m |
| Total liabilities | ¥749.9m | ¥1.53bn | ¥1.92bn | ¥861.1m | ¥1.12bn | ¥1.41bn | ¥1.58bn | ¥2.27bn | ¥2.62bn | ¥2.26bn |
| Debt | ¥241.8m | ¥266.6m | ¥524.4m | ¥406.7m | ¥625.2m | ¥938.4m | ¥1.11bn | ¥1.55bn | ¥1.64bn | ¥1.39bn |
| Shareholders' equity | ¥56.1m | ¥202.2m | ¥435.3m | ¥720.2m | ¥976.7m | ¥1.12bn | ¥1.22bn | ¥1.33bn | ¥1.23bn | ¥1.09bn |
| Shares outstanding | 14m | 14m | 14m | 14m | 14m | 14m | 14m | 14m | 14m | 14m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥25.5m | −¥195.4m | ¥455.9m | −¥146.2m | ¥51.3m | ¥232.4m | ¥240.8m | −¥23.9m | ¥43.3m | ¥43.2m |
| Capital spending | −¥44.1m | −¥81.7m | −¥226.7m | −¥235.8m | −¥180.6m | −¥172.9m | −¥170.7m | −¥191.4m | −¥157.6m | −¥181.3m |
| Free cash flow | −¥69.6m | −¥277.1m | ¥229.1m | −¥382.0m | −¥129.3m | ¥59.5m | ¥70.1m | −¥215.3m | −¥114.3m | −¥138.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥216.5m | ¥488.5m | ¥472.9m | ¥516.5m | ¥624.1m | ¥240.6m | ¥208.0m | ¥677.6m |
| Operating income | −¥61.5m | −¥79.0m | −¥105.3m | ¥21.7m | ¥50.5m | −¥183.3m | −¥101.0m | ¥121.4m |
| Net income | −¥63.0m | −¥116.8m | −¥107.7m | ¥19.2m | ¥49.2m | −¥251.3m | −¥105.0m | ¥121.7m |
| Diluted earnings per share | -4.57 | -8.48 | -7.82 | 1.39 | 3.57 | -18.25 | -7.63 | 8.84 |
| Total assets | ¥833.6m | ¥805.9m | ¥1.04bn | ¥1.26bn | ¥1.60bn | ¥1.74bn | ¥1.69bn | ¥1.70bn |
| Cash and short-term investments | ¥261.2m | ¥170.0m | ¥179.1m | ¥102.8m | ¥383.2m | ¥438.7m | ¥382.6m | ¥543.0m |
| Debt | ¥174.6m | ¥241.0m | ¥114.6m | ¥193.4m | ¥146.4m | ¥250.4m | ¥178.4m | ¥239.8m |
| Shareholders' equity | −¥14.1m | ¥56.1m | ¥182.7m | ¥296.9m | ¥267.9m | ¥202.2m | ¥483.5m | ¥551.3m |
Financial ratios
Data as of 2 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -7.1% | -11.6% | -20.1% | -16.0% | -10.8% | -9.9% | — | — |
| Net margin | -7.4% | -12.1% | -20.9% | -16.8% | -11.9% | -10.8% | — | — |
| Return on equity | -278.4% | -99.3% | -62.8% | -28.4% | -12.4% | -10.4% | — | — |
| Return on assets | -19.4% | -11.6% | -11.6% | -13.0% | -5.8% | -4.6% | — | — |
| Free cash flow yield | 3.4% | -20.7% | 124.0% | 16.3% | 42.1% | 73.6% | — | — |
| Revenue growth | 26.5% | 27.2% | 7.3% | 19.7% | -5.3% | -42.9% | — | — |
| Earnings growth | -22.3% | -26.5% | 33.4% | 68.5% | 4.3% | 15.3% | — | — |
| Current ratio | 0.88x | 1.07x | 1.21x | 2.20x | 2.82x | 2.33x | — | — |
| Debt to equity | 4.30x | 1.24x | 1.14x | 0.60x | 0.64x | 0.84x | — | — |
| Equity ratio | 7.0% | 11.7% | 18.5% | 45.5% | 46.7% | 44.1% | — | — |
| Interest coverage | -96.45x | -69.77x | -63.40x | -50.91x | -19.07x | -13.42x | — | — |
| R&D as a share of sales | — | — | 2.3% | 1.2% | 1.3% | 0.4% | 1.1% | 3.2% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 20.0% | 14.4% | -2.2% |
| Operating income | -16.9% | -3.1% | -1.8% |
| Net income | -8.7% | 6.0% | -0.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -8.1% | -12.1% | -12.8% | -4.5% |
| Net margin | -9.5% | -13.3% | -12.8% | -5.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.5 | -12.3 | -10.3 | -17.7 | -23.1 | -28.8 | -50.7 | 52.8 | 24.0 | — |
| Price to sales | 0.3 | 1.5 | 2.2 | 3.0 | 2.8 | 3.1 | 2.7 | 3.3 | 0.9 | 2.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Mar 2006.
| FY2006 | FY2005 | FY2004 | FY2003 | FY2002 | |
|---|---|---|---|---|---|
| Paid in the year | 6.00 | 4.00 | 3.00 | 4.00 | 7.00 |
- 100-for-1 split · 26 Sept 2013
- 5-for-1 split · 28 May 2002
- 2-for-1 split · 28 May 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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