N 
648
+1.25%
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
¥64.69bn
FY2016FY2025
Net income
−¥829.2m
FY2016FY2025
Free cash flow
−¥3.67bn
FY2016FY2025
Shareholders' equity
¥34.06bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥64.69bn | ¥67.04bn | ¥73.23bn | ¥81.01bn | ¥64.59bn | ¥62.28bn | ¥67.82bn | ¥66.22bn | ¥66.90bn | ¥64.92bn |
| Gross profit | ¥13.08bn | ¥13.50bn | ¥18.03bn | ¥23.25bn | ¥16.07bn | ¥14.88bn | ¥16.32bn | ¥16.16bn | ¥16.94bn | ¥15.69bn |
| Research and development | — | ¥192.0m | ¥194.0m | ¥236.0m | ¥207.0m | ¥193.0m | ¥171.2m | — | ¥170.0m | ¥148.0m |
| Operating income | −¥47.5m | ¥444.7m | ¥4.70bn | ¥9.80bn | ¥3.83bn | ¥2.79bn | ¥3.59bn | ¥3.80bn | ¥4.47bn | ¥3.57bn |
| Net income | −¥829.2m | −¥4.61bn | ¥2.83bn | ¥6.06bn | ¥2.54bn | ¥1.69bn | ¥2.33bn | ¥3.20bn | ¥2.97bn | ¥2.30bn |
| Diluted earnings per share | -52.97 | -294.61 | 176.53 | 374.32 | 155.69 | 103.89 | 143.10 | 196.38 | 182.47 | 157.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥72.81bn | ¥74.18bn | ¥77.33bn | ¥77.37bn | ¥64.54bn | ¥59.05bn | ¥62.29bn | ¥58.34bn | ¥55.91bn | ¥52.83bn |
| Cash and short-term investments | ¥19.23bn | ¥22.14bn | ¥22.74bn | ¥21.87bn | ¥20.62bn | ¥16.89bn | ¥17.85bn | ¥15.20bn | ¥15.01bn | ¥11.45bn |
| Total liabilities | ¥33.26bn | ¥35.26bn | ¥33.29bn | ¥36.64bn | ¥31.04bn | ¥28.53bn | ¥32.87bn | ¥30.94bn | ¥31.54bn | ¥32.12bn |
| Debt | ¥12.03bn | ¥12.73bn | ¥10.10bn | ¥8.02bn | ¥8.82bn | ¥9.66bn | ¥9.96bn | ¥11.02bn | ¥11.19bn | ¥12.06bn |
| Shareholders' equity | ¥34.06bn | ¥33.51bn | ¥38.80bn | ¥36.10bn | ¥30.08bn | ¥27.43bn | ¥26.51bn | ¥24.76bn | ¥22.10bn | ¥18.88bn |
| Shares outstanding | 16m | 16m | 16m | 16m | 16m | 16m | 16m | 16m | 16m | 15m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.65bn | ¥3.65bn | ¥3.71bn | ¥5.85bn | ¥6.87bn | ¥3.27bn | ¥5.47bn | ¥4.22bn | ¥6.10bn | ¥4.92bn |
| Capital spending | −¥5.31bn | −¥2.85bn | −¥3.37bn | −¥2.47bn | −¥1.12bn | −¥1.95bn | −¥1.36bn | −¥2.06bn | −¥2.13bn | −¥1.39bn |
| Free cash flow | −¥3.67bn | ¥793.5m | ¥342.3m | ¥3.38bn | ¥5.75bn | ¥1.32bn | ¥4.11bn | ¥2.17bn | ¥3.97bn | ¥3.53bn |
| Dividends paid | −¥594.9m | −¥753.6m | −¥963.3m | −¥806.1m | −¥407.1m | −¥407.1m | −¥407.1m | −¥407.0m | −¥301.0m | −¥239.7m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥16.38bn | ¥16.74bn | ¥15.18bn | ¥17.34bn | ¥15.35bn | ¥16.13bn | ¥15.86bn | ¥17.73bn |
| Gross profit | ¥3.78bn | ¥3.43bn | ¥2.89bn | ¥3.44bn | ¥3.15bn | ¥3.42bn | ¥3.07bn | ¥3.15bn |
| Operating income | ¥548.1m | −¥74.8m | −¥267.2m | −¥51.1m | −¥28.8m | ¥115.7m | −¥83.3m | −¥244.9m |
| Net income | ¥325.8m | ¥546.6m | −¥315.0m | −¥357.1m | −¥104.7m | −¥166.3m | −¥201.1m | −¥2.68bn |
| Diluted earnings per share | 22.25 | 37.32 | -21.51 | -22.81 | -6.69 | -10.62 | -12.84 | -170.89 |
| Total assets | ¥70.75bn | ¥71.20bn | ¥73.40bn | ¥72.81bn | ¥72.40bn | ¥73.10bn | ¥71.73bn | ¥74.18bn |
| Cash and short-term investments | ¥16.68bn | ¥17.85bn | ¥19.15bn | ¥19.23bn | ¥20.00bn | ¥21.57bn | ¥20.86bn | ¥22.14bn |
| Debt | ¥10.24bn | ¥12.78bn | ¥10.19bn | ¥11.65bn | ¥7.80bn | ¥11.63bn | ¥8.00bn | ¥7.55bn |
| Shareholders' equity | ¥34.07bn | ¥33.70bn | ¥34.67bn | ¥34.06bn | ¥33.14bn | ¥33.08bn | ¥32.97bn | ¥33.51bn |
Financial ratios
Data as of 4 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 20.2% | 20.1% | 24.6% | 28.7% | 24.9% | 23.9% | — |
| Operating margin | -0.6% | 0.7% | 6.5% | 12.1% | 6.0% | 4.6% | — |
| Net margin | -1.3% | -6.9% | 3.9% | 7.5% | 3.9% | 2.7% | — |
| Return on equity | -2.4% | -13.8% | 7.3% | 16.8% | 8.4% | 6.2% | — |
| Return on assets | -1.1% | -6.2% | 3.7% | 7.8% | 3.9% | 2.9% | — |
| Free cash flow yield | 65.4% | 61.2% | 65.0% | 75.7% | 72.2% | 47.3% | — |
| Revenue growth | -3.5% | -8.5% | -9.6% | 25.4% | 3.7% | -8.2% | — |
| Earnings growth | -82.0% | -262.7% | -53.2% | 138.9% | 49.9% | -27.4% | — |
| Current ratio | 1.88x | 1.85x | 2.03x | 1.81x | 1.85x | 1.93x | — |
| Debt to equity | 0.34x | 0.37x | 0.25x | 0.21x | 0.27x | 0.33x | — |
| Equity ratio | 46.8% | 45.2% | 50.2% | 46.7% | 46.6% | 46.5% | — |
| Interest coverage | -3.03x | 4.66x | 66.20x | 155.81x | 61.31x | 41.20x | — |
| R&D as a share of sales | — | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% |
| Buybacks as a share of market value | 0.0% | 2.5% | 0.8% | 0.6% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.2% | 0.8% | 0.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.2% | 23.7% | 23.9% | 23.9% |
| Operating margin | 0.3% | 5.2% | 5.2% | 5.1% |
| Net margin | -4.1% | 1.2% | 1.9% | 2.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -12.7 | -2.5 | 6.7 | 3.0 | 5.8 | 6.3 | 6.0 | 3.7 | 7.7 | 4.4 |
| Price to sales | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 27 Nov 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 53.00 | 47.50 | 60.00 | 49.50 | 25.00 | 25.00 | 25.00 | 25.00 |
- 1.1-for-1 split · 27 Nov 1995
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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