I 
1,412
+0.93%
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
¥9.40bn
FY2019FY2025
Net income
¥329.9m
FY2019FY2025
Free cash flow
¥430.0m
FY2019FY2025
Shareholders' equity
¥2.06bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | ¥9.40bn | ¥7.77bn | ¥4.38bn | ¥5.29bn | ¥4.90bn | ¥4.33bn | ¥2.84bn |
| Gross profit | ¥3.79bn | ¥2.96bn | ¥1.63bn | ¥1.69bn | ¥1.67bn | ¥1.39bn | ¥1.01bn |
| Research and development | — | ¥103.0m | ¥36.2m | ¥21.2m | ¥14.8m | ¥10.6m | — |
| Operating income | ¥556.0m | ¥439.8m | ¥344.1m | ¥69.5m | ¥305.3m | ¥220.9m | ¥109.3m |
| Net income | ¥329.9m | ¥258.7m | ¥220.4m | ¥49.0m | ¥234.4m | ¥152.8m | ¥85.9m |
| Diluted earnings per share | 130.36 | 102.87 | 87.73 | 19.55 | 101.49 | 71.56 | 40.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | ¥3.51bn | ¥3.02bn | ¥2.69bn | ¥2.34bn | ¥2.36bn | ¥1.94bn | ¥1.37bn |
| Cash and short-term investments | ¥1.17bn | ¥940.9m | ¥862.5m | ¥679.5m | ¥955.9m | ¥574.3m | ¥515.2m |
| Total liabilities | ¥1.45bn | ¥1.21bn | ¥1.15bn | ¥1.02bn | ¥1.09bn | ¥1.35bn | ¥910.4m |
| Debt | ¥162.1m | ¥284.1m | ¥408.7m | ¥304.5m | ¥472.6m | ¥723.6m | ¥496.7m |
| Shareholders' equity | ¥2.06bn | ¥1.81bn | ¥1.53bn | ¥1.31bn | ¥1.26bn | ¥590.7m | ¥462.9m |
| Shares outstanding | 3m | 3m | 3m | 3m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | ¥820.4m | ¥591.9m | ¥425.3m | ¥131.4m | ¥352.1m | ¥358.8m | ¥232.1m |
| Capital spending | −¥390.4m | −¥383.1m | −¥328.9m | −¥256.9m | −¥118.7m | −¥481.3m | −¥250.9m |
| Free cash flow | ¥430.0m | ¥208.8m | ¥96.4m | −¥125.5m | ¥233.4m | −¥122.5m | −¥18.8m |
| Dividends paid | −¥71.5m | — | — | — | — | — | — |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.52bn | ¥2.50bn | ¥2.52bn | ¥1.86bn | ¥2.18bn | ¥2.20bn | ¥1.87bn | ¥1.51bn |
| Gross profit | ¥972.0m | ¥1.04bn | ¥1.06bn | ¥722.7m | ¥815.9m | ¥892.4m | ¥727.1m | ¥524.8m |
| Operating income | ¥58.5m | ¥289.8m | ¥211.7m | −¥3.9m | ¥74.9m | ¥228.7m | ¥126.8m | ¥9.5m |
| Net income | ¥32.9m | ¥180.8m | ¥140.4m | −¥24.2m | ¥7.9m | ¥155.2m | ¥92.3m | ¥3.4m |
| Diluted earnings per share | 13.02 | 71.42 | 58.36 | -10.14 | 3.11 | 61.86 | 36.88 | 1.34 |
| Cash from operations | ¥787.0m | — | ¥33.0m | — | ¥430.0m | — | ¥161.0m | — |
| Capital spending | −¥130.0m | — | −¥259.0m | — | −¥240.0m | — | −¥142.0m | — |
| Free cash flow | ¥657.0m | — | −¥226.0m | — | ¥190.0m | — | ¥19.0m | — |
| Total assets | ¥3.51bn | ¥3.25bn | ¥3.09bn | ¥2.90bn | ¥3.02bn | ¥2.92bn | ¥2.86bn | ¥2.63bn |
| Cash and short-term investments | ¥1.17bn | ¥890.4m | ¥579.2m | ¥653.2m | ¥940.9m | ¥690.6m | ¥819.0m | ¥638.7m |
| Debt | ¥85.6m | ¥98.1m | ¥115.7m | ¥133.2m | ¥174.6m | ¥175.8m | ¥199.4m | ¥223.5m |
| Shareholders' equity | ¥2.06bn | ¥2.03bn | ¥1.85bn | ¥1.72bn | ¥1.81bn | ¥1.80bn | ¥1.63bn | ¥1.54bn |
Financial ratios
Data as of 19 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 40.4% | 38.1% | 35.7% | 32.0% | 34.1% | 32.0% |
| Operating margin | 5.9% | 5.7% | 5.9% | 1.5% | 6.7% | 4.3% |
| Net margin | 3.5% | 3.3% | 3.9% | 0.9% | 4.8% | 3.5% |
| Return on equity | 16.0% | 14.3% | 15.7% | 3.7% | 18.6% | 25.9% |
| Return on assets | 9.4% | 8.5% | 9.0% | 2.1% | 9.9% | 7.9% |
| Free cash flow yield | 30.8% | 22.1% | 28.1% | 10.0% | 13.2% | 39.1% |
| Revenue growth | 21.1% | 26.6% | 15.9% | 8.1% | 13.1% | 52.3% |
| Earnings growth | 27.9% | 6.9% | 392.6% | -79.1% | 53.4% | 77.9% |
| Current ratio | 1.75x | 1.93x | 2.15x | 1.83x | 2.31x | 1.43x |
| Debt to equity | 0.08x | 0.15x | 0.07x | 0.19x | 0.29x | 1.01x |
| Equity ratio | 58.6% | 59.5% | 57.0% | 56.2% | 53.5% | 30.4% |
| Interest coverage | 234.36x | 146.67x | 104.65x | 21.20x | 60.83x | 56.07x |
| R&D as a share of sales | — | — | 0.9% | — | 0.3% | 0.2% |
| Buybacks as a share of market value | 6.6% | -6.1% | -0.5% | -8.6% | -66.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 21.1% | 16.8% | — |
| Operating income | 100.0% | 20.3% | — |
| Net income | 88.8% | 16.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 39.3% | 37.6% | 36.4% | — |
| Operating margin | 5.8% | 5.3% | 5.4% | — |
| Net margin | 3.4% | 3.2% | 3.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 11.0 | 12.8 | 18.0 | 37.1 |
| Price to sales | 0.4 | 0.4 | 0.9 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 29 Dec 2025.
| FY2026 | FY2025 | |
|---|---|---|
| Paid in the year | 32.00 | 30.00 |
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.