A 
71
+4.41%
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
¥5.41bn
FY2017FY2026
Net income
¥233.2m
FY2017FY2026
Free cash flow
¥322.1m
FY2017FY2026
Shareholders' equity
¥1.97bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.41bn | ¥4.35bn | ¥3.73bn | ¥3.33bn | ¥1.80bn | ¥1.21bn | ¥815.0m | ¥1.01bn | ¥897.9m | ¥1.03bn |
| Gross profit | ¥1.23bn | ¥1.16bn | ¥1.05bn | ¥953.5m | ¥632.3m | ¥522.6m | ¥394.0m | ¥557.4m | ¥475.3m | ¥511.9m |
| Research and development | — | ¥10.8m | ¥4.2m | ¥5.9m | ¥8.2m | ¥3.8m | ¥8.0m | — | ¥7.0m | — |
| Operating income | ¥228.6m | ¥268.8m | ¥106.4m | ¥15.6m | −¥63.6m | ¥22.5m | −¥194.8m | ¥14.0m | ¥19.2m | ¥84.5m |
| Net income | ¥233.2m | ¥181.6m | ¥80.4m | −¥7.8m | −¥73.0m | ¥15.2m | −¥202.0m | ¥10.5m | ¥14.8m | ¥26.0m |
| Diluted earnings per share | 6.64 | 5.17 | 2.29 | -0.22 | -2.08 | 0.43 | -8.02 | 0.42 | 0.60 | 1.16 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥3.70bn | ¥3.18bn | ¥2.80bn | ¥3.06bn | ¥2.47bn | ¥1.58bn | ¥1.35bn | ¥1.42bn | ¥1.35bn | ¥1.30bn |
| Cash and short-term investments | ¥1.13bn | ¥661.4m | ¥702.5m | ¥421.2m | ¥874.7m | ¥907.3m | ¥961.0m | ¥912.4m | ¥857.8m | ¥674.5m |
| Total liabilities | ¥1.71bn | ¥1.45bn | ¥1.24bn | ¥1.59bn | ¥992.6m | ¥1.11bn | ¥971.9m | ¥851.4m | ¥805.1m | ¥838.6m |
| Debt | ¥531.2m | ¥378.3m | ¥583.1m | ¥865.7m | ¥677.4m | ¥851.6m | ¥880.0m | ¥741.2m | ¥718.7m | ¥713.2m |
| Shareholders' equity | ¥1.97bn | ¥1.73bn | ¥1.55bn | ¥1.46bn | ¥1.48bn | ¥459.0m | ¥378.4m | ¥562.2m | ¥534.6m | ¥457.3m |
| Shares outstanding | 35m | 35m | 35m | 35m | 35m | 35m | 25m | 25m | 24m | 22m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥398.3m | ¥219.8m | ¥603.1m | −¥513.9m | ¥11.9m | −¥47.7m | −¥88.0m | ¥95.0m | ¥130.0m | ¥93.5m |
| Capital spending | −¥76.2m | −¥67.0m | −¥42.5m | −¥97.7m | −¥45.8m | −¥17.4m | −¥27.0m | −¥65.0m | −¥20.0m | −¥10.4m |
| Free cash flow | ¥322.1m | ¥152.8m | ¥560.6m | −¥611.5m | −¥33.9m | −¥65.1m | −¥115.0m | ¥30.0m | ¥110.0m | ¥83.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥732.9m | ¥2.09bn | ¥1.01bn | ¥1.41bn | ¥892.0m | ¥1.57bn | ¥1.01bn | ¥1.05bn |
| Gross profit | ¥203.3m | ¥426.1m | ¥237.6m | ¥335.1m | ¥258.0m | ¥387.0m | ¥328.0m | ¥313.0m |
| Operating income | −¥69.9m | ¥165.1m | −¥23.7m | ¥93.5m | −¥6.0m | ¥140.6m | ¥78.0m | ¥69.0m |
| Net income | −¥88.4m | ¥210.8m | −¥22.2m | ¥76.0m | −¥31.0m | ¥87.4m | ¥70.0m | ¥52.0m |
| Diluted earnings per share | -2.52 | 6.00 | -0.63 | 2.16 | -0.88 | 2.49 | 1.99 | 1.48 |
| Total assets | ¥2.89bn | ¥3.70bn | ¥3.13bn | ¥2.90bn | ¥2.94bn | ¥3.18bn | ¥2.80bn | ¥2.68bn |
| Cash and short-term investments | ¥621.9m | ¥1.13bn | ¥738.4m | ¥863.5m | ¥1.29bn | ¥661.4m | ¥559.2m | ¥921.6m |
| Debt | ¥122.9m | ¥531.2m | ¥430.4m | ¥297.4m | ¥137.0m | ¥378.3m | ¥155.0m | ¥466.0m |
| Shareholders' equity | ¥1.88bn | ¥1.97bn | ¥1.76bn | ¥1.78bn | ¥1.70bn | ¥1.73bn | ¥1.66bn | ¥1.56bn |
Financial ratios
Data as of 23 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 22.8% | 26.7% | 28.2% | 28.7% | 35.2% | 43.2% | — |
| Operating margin | 4.1% | 5.4% | 3.0% | 0.6% | -3.5% | 1.9% | — |
| Net margin | 4.3% | 4.2% | 2.2% | -0.2% | -4.1% | 1.3% | — |
| Return on equity | 11.8% | 10.5% | 5.2% | -0.5% | -4.9% | 3.3% | — |
| Return on assets | 6.3% | 5.7% | 2.9% | -0.3% | -3.0% | 1.0% | — |
| Free cash flow yield | 18.8% | 11.3% | 25.5% | -16.5% | 2.3% | -1.2% | — |
| Revenue growth | 24.4% | 16.6% | 12.1% | 85.0% | 48.5% | 48.6% | — |
| Earnings growth | 28.4% | 126.0% | -1132.3% | -89.3% | -581.6% | -107.5% | — |
| Current ratio | 2.20x | 2.56x | 2.98x | 2.12x | 2.58x | 2.47x | — |
| Debt to equity | 0.27x | 0.22x | 0.37x | 0.58x | 0.44x | 1.76x | — |
| Equity ratio | 53.3% | 54.5% | 55.4% | 47.9% | 59.7% | 29.1% | — |
| Interest coverage | 43.79x | 47.45x | 13.91x | 2.31x | -9.74x | 2.50x | — |
| R&D as a share of sales | — | 0.2% | 0.1% | 0.2% | 0.5% | 0.3% | 1.0% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -39.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.6% | 34.9% | 22.0% |
| Operating income | 145.0% | 59.0% | — |
| Net income | — | 72.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.5% | 26.2% | 28.0% | 32.3% |
| Operating margin | 5.1% | 3.7% | 2.9% | 1.6% |
| Net margin | 4.3% | 2.9% | 2.2% | 0.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.6 | 16.4 | 35.0 | -415.1 | -40.9 | 233.9 | -13.8 | 256.7 | 165.3 | 117.4 |
| Price to sales | 0.5 | 0.7 | 0.8 | 1.0 | 1.7 | 2.9 | 3.4 | 2.7 | 2.7 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Mar 2006.
| FY2006 | |
|---|---|
| Paid in the year | 4.00 |
- 100-for-1 split · 26 Sept 2013
- 5-for-1 split · 26 Jul 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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