N 
645
+1.26%
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
¥23.46bn
FY2017FY2026
Net income
¥1.42bn
FY2017FY2026
Free cash flow
¥1.25bn
FY2017FY2026
Shareholders' equity
¥31.80bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥23.46bn | ¥23.98bn | ¥25.90bn | ¥27.33bn | ¥33.09bn | ¥28.88bn | ¥31.03bn | ¥24.72bn | ¥20.64bn | ¥17.82bn |
| Gross profit | ¥5.74bn | ¥5.62bn | ¥6.31bn | ¥7.02bn | ¥9.39bn | ¥9.14bn | ¥9.59bn | ¥7.74bn | ¥7.02bn | ¥6.18bn |
| Research and development | — | — | ¥187.0m | ¥124.7m | ¥93.0m | ¥77.0m | ¥78.0m | ¥82.0m | ¥56.2m | ¥17.9m |
| Operating income | ¥1.62bn | ¥697.1m | ¥1.50bn | ¥2.31bn | ¥4.87bn | ¥4.64bn | ¥4.75bn | ¥3.55bn | ¥3.16bn | ¥2.75bn |
| Net income | ¥1.42bn | −¥2.79bn | ¥1.33bn | ¥1.88bn | ¥3.84bn | ¥3.30bn | ¥3.33bn | ¥2.48bn | ¥2.35bn | ¥1.91bn |
| Diluted earnings per share | 62.21 | -122.71 | 58.40 | 82.72 | 153.31 | 131.55 | 133.08 | 99.14 | 93.61 | 76.35 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥44.32bn | ¥42.50bn | ¥44.95bn | ¥43.60bn | ¥42.35bn | ¥35.17bn | ¥30.40bn | ¥26.17bn | ¥24.28bn | ¥21.23bn |
| Cash and short-term investments | ¥11.63bn | ¥10.45bn | ¥8.73bn | ¥8.83bn | ¥7.73bn | ¥7.30bn | ¥6.16bn | ¥5.01bn | ¥5.18bn | ¥4.69bn |
| Total liabilities | ¥11.78bn | ¥11.46bn | ¥12.15bn | ¥10.73bn | ¥11.70bn | ¥10.34bn | ¥8.73bn | ¥6.75bn | ¥5.63bn | ¥4.94bn |
| Debt | ¥2.34bn | ¥2.03bn | ¥2.10bn | ¥1.29bn | ¥1.52bn | ¥1.83bn | ¥753.3m | ¥435.8m | ¥272.5m | −¥125.3m |
| Shareholders' equity | ¥31.80bn | ¥30.21bn | ¥31.59bn | ¥31.62bn | ¥29.49bn | ¥23.97bn | ¥21.03bn | ¥18.94bn | ¥18.15bn | ¥15.79bn |
| Shares outstanding | 23m | 23m | 23m | 23m | 25m | 25m | 25m | 25m | 25m | 25m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.75bn | ¥2.54bn | ¥1.70bn | ¥2.41bn | ¥1.50bn | ¥2.12bn | ¥3.13bn | ¥1.47bn | ¥1.77bn | ¥2.49bn |
| Capital spending | −¥497.4m | −¥553.4m | −¥218.5m | −¥362.9m | −¥490.0m | −¥1.26bn | −¥1.46bn | −¥953.0m | −¥1.09bn | −¥796.4m |
| Free cash flow | ¥1.25bn | ¥1.99bn | ¥1.49bn | ¥2.05bn | ¥1.01bn | ¥867.7m | ¥1.67bn | ¥519.8m | ¥685.4m | ¥1.69bn |
| Dividends paid | −¥819.2m | −¥819.2m | −¥860.6m | −¥851.9m | −¥751.7m | −¥726.6m | −¥626.4m | −¥689.1m | −¥501.1m | −¥501.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.61bn | ¥5.99bn | ¥7.20bn | ¥6.19bn | ¥4.09bn | ¥6.14bn | ¥7.37bn | ¥6.29bn |
| Gross profit | ¥707.5m | ¥1.43bn | ¥1.84bn | ¥1.54bn | ¥931.2m | ¥1.42bn | ¥1.73bn | ¥1.40bn |
| Operating income | −¥185.3m | ¥320.6m | ¥896.4m | ¥430.0m | −¥24.3m | −¥67.2m | ¥554.0m | ¥187.0m |
| Net income | −¥178.0m | ¥215.6m | ¥862.9m | ¥312.2m | ¥25.2m | −¥3.54bn | ¥494.0m | ¥119.0m |
| Diluted earnings per share | -7.82 | 9.47 | 37.92 | 13.72 | 1.11 | -155.66 | 21.71 | 5.23 |
| Total assets | ¥42.56bn | ¥44.32bn | ¥42.83bn | ¥40.60bn | ¥39.66bn | ¥42.50bn | ¥44.57bn | ¥46.56bn |
| Cash and short-term investments | ¥10.62bn | ¥11.63bn | ¥10.21bn | ¥9.32bn | ¥9.03bn | ¥10.45bn | ¥9.05bn | ¥9.08bn |
| Debt | ¥2.31bn | ¥2.34bn | ¥2.46bn | ¥2.78bn | ¥2.34bn | ¥2.03bn | ¥1.63bn | ¥2.04bn |
| Shareholders' equity | ¥31.99bn | ¥31.80bn | ¥29.94bn | ¥28.70bn | ¥28.64bn | ¥30.21bn | ¥32.29bn | ¥33.99bn |
Financial ratios
Data as of 25 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 24.5% | 23.4% | 24.4% | 25.7% | 28.4% | 31.6% | — | — |
| Operating margin | 6.9% | 2.9% | 5.8% | 8.4% | 14.7% | 16.1% | — | — |
| Net margin | 6.0% | -11.6% | 5.1% | 6.9% | 11.6% | 11.4% | — | — |
| Return on equity | 4.5% | -9.2% | 4.2% | 6.0% | 13.0% | 13.8% | — | — |
| Return on assets | 3.2% | -6.6% | 3.0% | 4.3% | 9.1% | 9.4% | — | — |
| Free cash flow yield | 13.8% | 19.0% | 11.8% | 17.1% | 11.1% | 18.9% | — | — |
| Revenue growth | -2.2% | -7.4% | -5.2% | -17.4% | 14.6% | -6.9% | — | — |
| Earnings growth | -150.7% | -310.1% | -29.4% | -51.0% | 16.5% | -1.1% | — | — |
| Current ratio | 2.30x | 2.50x | 2.70x | 3.15x | 2.90x | 2.65x | — | — |
| Debt to equity | 0.07x | 0.07x | 0.07x | 0.04x | 0.05x | 0.08x | — | — |
| Equity ratio | 71.7% | 71.1% | 70.3% | 72.5% | 69.6% | 68.2% | — | — |
| Interest coverage | 36.95x | 30.99x | 93.31x | 45.63x | 81.13x | 67.13x | — | — |
| R&D as a share of sales | — | — | 0.7% | 0.5% | 0.3% | 0.3% | 0.3% | 0.3% |
| Buybacks as a share of market value | 0.0% | 0.0% | -0.0% | 9.2% | 0.0% | -0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.0% | -4.1% | 2.7% |
| Operating income | -11.0% | -19.0% | -6.0% |
| Net income | -9.1% | -15.5% | -3.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.9% | 24.5% | 26.6% | 29.2% |
| Operating margin | 4.9% | 6.1% | 9.6% | 12.0% |
| Net margin | -2.9% | 1.8% | 5.5% | 7.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.3 | -6.8 | 14.0 | 11.0 | 5.7 | 8.2 | 9.8 | 15.0 | 9.4 | 22.1 |
| Price to sales | 0.6 | 0.8 | 0.7 | 0.8 | 0.7 | 0.9 | 1.1 | 1.5 | 1.1 | 2.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 18 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 54.00 | 36.00 | 36.00 | 34.00 | 30.00 | 29.00 | 25.00 | 27.50 |
- 2-for-1 split · 30 Mar 2020
- 2-for-1 split · 25 Feb 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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