2,553
+2.70%
Close of 9 Nov 2026, in JPY
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At a glance
Figures in JPY, from our data supplier.
Revenue
¥11.44bn
FY2017FY2026
Net income
¥831.2m
FY2017FY2026
Free cash flow
¥663.7m
FY2017FY2026
Shareholders' equity
¥18.61bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥11.44bn | ¥11.58bn | ¥11.21bn | ¥11.37bn | ¥10.35bn | ¥8.77bn | ¥8.49bn | ¥9.05bn | ¥8.96bn | ¥7.85bn |
| Gross profit | ¥4.32bn | ¥4.33bn | ¥4.28bn | ¥4.44bn | ¥4.08bn | ¥3.36bn | ¥3.23bn | ¥3.68bn | ¥3.83bn | ¥3.07bn |
| Research and development | ¥362.8m | ¥335.1m | ¥339.0m | ¥366.3m | ¥357.5m | ¥334.9m | ¥307.1m | ¥319.3m | ¥300.1m | ¥272.1m |
| Operating income | ¥1.18bn | ¥1.13bn | ¥1.18bn | ¥1.50bn | ¥1.44bn | ¥983.5m | ¥711.9m | ¥1.12bn | ¥1.43bn | ¥1.25bn |
| Net income | ¥831.2m | ¥986.0m | ¥687.2m | ¥1.49bn | ¥1.17bn | ¥822.7m | ¥595.6m | ¥828.1m | ¥1.01bn | ¥746.6m |
| Diluted earnings per share | 117.36 | 139.22 | 97.04 | 210.86 | 165.24 | 116.16 | 84.10 | 116.93 | 141.97 | 101.68 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥21.21bn | ¥20.48bn | ¥21.11bn | ¥20.77bn | ¥18.67bn | ¥17.42bn | ¥16.15bn | ¥15.87bn | ¥15.46bn | ¥15.08bn |
| Cash and short-term investments | ¥5.77bn | ¥5.88bn | ¥6.50bn | ¥6.92bn | ¥5.73bn | ¥5.34bn | ¥4.04bn | ¥3.61bn | ¥4.06bn | ¥4.35bn |
| Total liabilities | ¥2.47bn | ¥2.71bn | ¥3.97bn | ¥4.44bn | ¥3.70bn | ¥3.56bn | ¥3.14bn | ¥3.07bn | ¥3.23bn | ¥2.90bn |
| Debt | ¥58.9m | ¥204.1m | ¥508.2m | ¥818.2m | ¥410.6m | ¥659.7m | ¥737.3m | ¥296.6m | ¥454.0m | ¥367.2m |
| Shareholders' equity | ¥18.61bn | ¥17.67bn | ¥17.05bn | ¥16.24bn | ¥14.88bn | ¥13.80bn | ¥12.95bn | ¥12.73bn | ¥12.17bn | ¥12.13bn |
| Shares outstanding | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥909.1m | ¥379.9m | ¥1.41bn | ¥983.0m | ¥942.7m | ¥1.58bn | ¥1.14bn | ¥869.0m | ¥986.0m | ¥826.0m |
| Capital spending | −¥245.4m | −¥453.7m | −¥1.28bn | −¥461.7m | −¥156.2m | −¥184.6m | −¥785.5m | −¥888.0m | −¥201.0m | −¥147.0m |
| Free cash flow | ¥663.7m | −¥73.8m | ¥129.1m | ¥521.3m | ¥786.6m | ¥1.39bn | ¥358.8m | −¥19.0m | ¥785.0m | ¥679.0m |
| Dividends paid | −¥296.7m | −¥297.2m | −¥306.1m | −¥282.1m | −¥281.9m | −¥282.5m | −¥282.5m | −¥262.0m | −¥248.0m | −¥240.0m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.38bn | ¥3.25bn | ¥2.75bn | ¥2.94bn | ¥2.50bn | ¥2.88bn | ¥3.15bn | ¥2.90bn |
| Gross profit | ¥1.40bn | ¥1.30bn | ¥1.02bn | ¥1.16bn | ¥913.0m | ¥1.13bn | ¥1.13bn | ¥1.10bn |
| Operating income | ¥518.4m | ¥534.2m | ¥229.5m | ¥374.7m | ¥152.0m | ¥257.0m | ¥321.7m | ¥341.0m |
| Net income | ¥373.8m | ¥296.7m | ¥151.7m | ¥274.4m | ¥108.0m | ¥338.0m | ¥244.0m | ¥259.0m |
| Diluted earnings per share | 52.78 | 41.89 | 21.43 | 38.74 | 15.25 | 47.73 | 34.45 | 36.57 |
| Cash from operations | — | ¥909.0m | — | — | — | — | — | — |
| Capital spending | — | −¥245.0m | — | — | — | — | — | — |
| Free cash flow | — | ¥664.0m | — | — | — | — | — | — |
| Total assets | ¥21.75bn | ¥21.21bn | ¥20.78bn | ¥20.41bn | ¥19.95bn | ¥20.48bn | ¥21.39bn | ¥20.97bn |
| Cash and short-term investments | ¥5.81bn | ¥5.77bn | ¥5.56bn | ¥5.12bn | ¥4.90bn | ¥5.88bn | ¥6.48bn | ¥6.24bn |
| Debt | ¥38.9m | ¥58.9m | ¥85.2m | ¥127.7m | ¥120.2m | ¥204.1m | ¥327.0m | ¥482.6m |
| Shareholders' equity | ¥18.92bn | ¥18.61bn | ¥18.18bn | ¥17.94bn | ¥17.60bn | ¥17.67bn | ¥17.46bn | ¥17.08bn |
Financial ratios
Data as of 2 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 37.8% | 37.4% | 38.2% | 39.1% | 39.4% | 38.3% |
| Operating margin | 10.3% | 9.8% | 10.5% | 13.2% | 13.9% | 11.2% |
| Net margin | 7.3% | 8.5% | 6.1% | 13.1% | 11.3% | 9.4% |
| Return on equity | 4.5% | 5.6% | 4.0% | 9.2% | 7.9% | 6.0% |
| Return on assets | 3.9% | 4.8% | 3.3% | 7.2% | 6.3% | 4.7% |
| Free cash flow yield | 6.3% | 4.6% | 14.7% | 7.9% | 6.0% | 9.6% |
| Revenue growth | -1.2% | 3.3% | -1.4% | 9.8% | 18.1% | 3.2% |
| Earnings growth | -15.7% | 43.5% | -54.0% | 27.6% | 42.3% | 38.1% |
| Current ratio | 7.21x | 6.80x | 4.53x | 4.36x | 4.57x | 4.68x |
| Debt to equity | 0.00x | 0.01x | 0.03x | 0.05x | 0.03x | 0.05x |
| Equity ratio | 87.8% | 86.3% | 80.8% | 78.2% | 79.7% | 79.2% |
| Interest coverage | 1250.65x | 254.57x | 107.65x | 204.00x | 330.31x | 191.91x |
| R&D as a share of sales | 3.2% | 2.9% | 3.0% | 3.2% | 3.5% | 3.8% |
| 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 | 0.2% | 5.5% | 4.4% |
| Operating income | -7.8% | 3.7% | 0.2% |
| Net income | -17.7% | 0.2% | 3.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 37.6% | 38.1% | 38.3% | 39.1% |
| Operating margin | 10.0% | 10.9% | 11.5% | 12.3% |
| Net margin | 7.9% | 8.8% | 9.3% | 9.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 24.5 | 11.0 | 14.8 | 7.2 | 9.2 | 15.3 | 14.3 | 15.3 | 9.4 | 20.7 |
| Price to sales | 1.8 | 0.9 | 0.9 | 0.9 | 1.0 | 1.4 | 1.0 | 1.4 | 1.1 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 32 years. Last went ex-dividend on 27 Nov 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 21.00 | 63.00 | 43.00 | 40.00 | 40.00 | 40.00 | 40.00 | 37.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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