Y 
491
-3.54%
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
¥9.73bn
FY2017FY2026
Net income
−¥639.9m
FY2017FY2026
Free cash flow
−¥723.5m
FY2017FY2026
Shareholders' equity
¥756.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥9.73bn | ¥16.07bn | ¥15.36bn | ¥15.54bn | ¥14.24bn | ¥12.97bn | ¥15.86bn | ¥16.04bn | ¥14.65bn | ¥13.95bn |
| Gross profit | ¥1.14bn | ¥1.74bn | ¥1.54bn | ¥1.63bn | ¥1.15bn | ¥962.5m | ¥1.94bn | ¥1.83bn | ¥1.87bn | ¥2.17bn |
| Operating income | −¥538.2m | ¥202.8m | ¥47.3m | ¥214.5m | −¥267.5m | −¥498.6m | ¥228.7m | −¥58.3m | −¥88.5m | ¥389.0m |
| Net income | −¥639.9m | −¥339.5m | −¥149.5m | ¥30.7m | −¥306.3m | −¥578.8m | ¥116.3m | −¥306.7m | −¥141.9m | ¥290.0m |
| Diluted earnings per share | -394.87 | -210.92 | -112.43 | 23.24 | -262.84 | -576.16 | 115.77 | -305.31 | -141.19 | 288.60 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥5.32bn | ¥7.54bn | ¥8.60bn | ¥8.71bn | ¥8.16bn | ¥8.62bn | ¥9.44bn | ¥8.33bn | ¥8.49bn | ¥8.55bn |
| Cash and short-term investments | ¥608.3m | ¥2.00bn | ¥2.14bn | ¥1.84bn | ¥1.97bn | ¥2.43bn | ¥1.54bn | ¥1.51bn | ¥1.61bn | ¥1.85bn |
| Total liabilities | ¥4.57bn | ¥6.13bn | ¥7.02bn | ¥7.10bn | ¥6.93bn | ¥7.29bn | ¥7.51bn | ¥6.44bn | ¥6.14bn | ¥5.99bn |
| Debt | ¥2.83bn | ¥3.20bn | ¥3.54bn | ¥3.60bn | ¥3.86bn | ¥4.33bn | ¥3.60bn | ¥3.47bn | ¥3.04bn | ¥2.96bn |
| Shareholders' equity | ¥756.0m | ¥1.41bn | ¥1.57bn | ¥1.61bn | ¥1.23bn | ¥1.33bn | ¥1.93bn | ¥1.90bn | ¥2.34bn | ¥2.48bn |
| Shares outstanding | 2m | 2m | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥430.2m | ¥317.1m | ¥506.8m | ¥99.5m | ¥83.6m | −¥100.1m | ¥198.3m | −¥102.8m | ¥147.9m | ¥359.8m |
| Capital spending | −¥293.3m | −¥156.8m | −¥183.8m | −¥278.8m | −¥152.0m | −¥303.1m | −¥314.8m | −¥374.8m | −¥289.6m | −¥171.3m |
| Free cash flow | −¥723.5m | ¥160.3m | ¥323.0m | −¥179.3m | −¥68.4m | −¥403.2m | −¥116.6m | −¥477.6m | −¥141.7m | ¥188.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.85bn | ¥1.90bn | ¥1.85bn | ¥2.99bn | ¥2.99bn | ¥4.59bn | ¥3.47bn | ¥3.88bn |
| Gross profit | ¥327.1m | ¥192.5m | ¥281.1m | ¥308.7m | ¥358.5m | ¥545.5m | ¥366.6m | ¥371.9m |
| Operating income | −¥34.1m | −¥205.0m | −¥89.2m | −¥133.7m | −¥57.0m | ¥96.0m | ¥12.3m | −¥23.6m |
| Net income | −¥88.1m | −¥218.2m | −¥218.3m | −¥125.1m | −¥78.2m | −¥404.1m | ¥42.6m | −¥70.0m |
| Diluted earnings per share | -54.35 | -134.67 | -135.67 | -77.72 | -48.60 | -251.06 | 32.03 | -52.63 |
| Total assets | ¥5.27bn | ¥5.32bn | ¥5.60bn | ¥5.69bn | ¥6.71bn | ¥7.54bn | ¥7.65bn | ¥8.11bn |
| Cash and short-term investments | ¥749.3m | ¥608.3m | ¥602.8m | ¥1.31bn | ¥1.70bn | ¥2.00bn | ¥2.11bn | ¥2.46bn |
| Debt | ¥1.40bn | ¥2.78bn | ¥833.3m | ¥2.94bn | ¥920.0m | ¥3.12bn | ¥960.0m | ¥3.30bn |
| Shareholders' equity | ¥533.6m | ¥756.0m | ¥849.1m | ¥1.09bn | ¥1.26bn | ¥1.41bn | ¥1.70bn | ¥1.80bn |
Financial ratios
Data as of 3 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 11.7% | 10.8% | 10.0% | 10.5% | 8.1% | 7.4% |
| Operating margin | -4.5% | 1.3% | 0.3% | 1.4% | -1.9% | -4.0% |
| Net margin | -6.6% | -2.1% | -1.0% | 0.2% | -2.2% | -4.5% |
| Return on equity | -84.6% | -24.1% | -9.5% | 1.9% | -25.0% | -43.5% |
| Return on assets | -12.0% | -4.5% | -1.7% | 0.4% | -3.8% | -6.7% |
| Free cash flow yield | -15.0% | 52.2% | 92.1% | 50.8% | 35.8% | 35.8% |
| Revenue growth | -39.5% | 4.6% | -1.1% | 9.2% | 9.8% | -18.2% |
| Earnings growth | 88.5% | 127.1% | -587.4% | -110.0% | -47.1% | -597.7% |
| Current ratio | 1.17x | 1.61x | 1.53x | 1.49x | 1.50x | 1.49x |
| Debt to equity | 3.68x | 2.21x | 2.21x | 2.21x | 3.12x | 3.22x |
| Equity ratio | 14.2% | 18.7% | 18.3% | 18.5% | 15.0% | 15.4% |
| Interest coverage | -3.15x | 2.66x | 0.70x | 3.56x | -4.54x | -7.61x |
| Buybacks as a share of market value | -0.7% | -21.1% | -0.8% | -13.2% | -16.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.5% | -5.6% | -4.2% |
| Operating income | — | 1.5% | — |
| Net income | — | 2.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.2% | 10.7% | 9.7% | 11.4% |
| Operating margin | -1.3% | -0.1% | -1.0% | 0.0% |
| Net margin | -3.8% | -1.9% | -2.4% | -1.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | -3.6 | -8.3 | 37.9 | -3.5 | -1.1 | 5.3 | -2.6 | -4.9 | 7.0 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Sept 2015.
| FY2016 | FY2009 | FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | FY2003 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 10.00 | 30.00 | 50.00 | 100.00 | 100.00 | 100.00 | 80.00 | 100.00 |
- 10-to-1 reverse split · 26 Sept 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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