S 
494
-0.20%
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
¥15.59bn
FY2017FY2026
Net income
−¥127.0m
FY2017FY2026
Free cash flow
−¥886.0m
FY2017FY2026
Shareholders' equity
¥6.10bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥15.59bn | ¥15.42bn | ¥15.26bn | ¥17.66bn | ¥16.02bn | ¥12.69bn | ¥14.64bn | ¥14.63bn | ¥14.09bn | ¥13.52bn |
| Gross profit | ¥2.09bn | ¥2.31bn | ¥2.14bn | ¥2.46bn | ¥2.55bn | ¥2.10bn | ¥2.47bn | ¥2.35bn | ¥2.20bn | ¥2.09bn |
| Research and development | ¥60.0m | ¥72.0m | ¥114.0m | ¥114.0m | ¥107.0m | ¥111.0m | ¥131.0m | ¥129.0m | ¥124.0m | ¥106.0m |
| Operating income | −¥73.0m | ¥193.0m | ¥38.0m | ¥331.0m | ¥469.0m | ¥165.0m | ¥400.0m | ¥380.0m | ¥393.0m | ¥355.0m |
| Net income | −¥127.0m | ¥184.0m | −¥783.0m | ¥231.0m | ¥361.0m | ¥275.0m | ¥247.0m | ¥234.0m | ¥332.0m | ¥266.0m |
| Diluted earnings per share | -28.45 | 41.22 | -175.41 | 51.75 | 80.86 | 61.59 | 55.32 | 52.39 | 74.32 | 59.53 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥10.95bn | ¥10.99bn | ¥10.56bn | ¥11.82bn | ¥11.98bn | ¥10.15bn | ¥10.83bn | ¥11.94bn | ¥11.59bn | ¥11.13bn |
| Cash and short-term investments | ¥743.0m | ¥1.20bn | ¥1.13bn | ¥775.0m | ¥751.0m | ¥792.0m | ¥817.0m | ¥784.0m | ¥718.0m | ¥740.0m |
| Total liabilities | ¥4.85bn | ¥4.67bn | ¥4.33bn | ¥4.73bn | ¥5.03bn | ¥3.50bn | ¥4.36bn | ¥5.65bn | ¥5.46bn | ¥5.29bn |
| Debt | ¥2.59bn | ¥1.93bn | ¥1.47bn | ¥1.60bn | ¥1.47bn | ¥1.04bn | ¥1.47bn | ¥2.44bn | ¥2.32bn | ¥2.45bn |
| Shareholders' equity | ¥6.10bn | ¥6.31bn | ¥6.22bn | ¥7.09bn | ¥6.95bn | ¥6.65bn | ¥6.46bn | ¥6.29bn | ¥6.13bn | ¥5.84bn |
| Shares outstanding | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥264.0m | ¥328.0m | ¥879.0m | ¥281.0m | −¥332.0m | ¥623.0m | ¥1.26bn | ¥204.0m | ¥305.0m | ¥365.0m |
| Capital spending | −¥622.0m | −¥472.0m | −¥184.0m | −¥235.0m | −¥155.0m | −¥123.0m | −¥212.0m | −¥125.0m | −¥204.0m | −¥292.0m |
| Free cash flow | −¥886.0m | −¥144.0m | ¥695.0m | ¥46.0m | −¥487.0m | ¥500.0m | ¥1.05bn | ¥79.0m | ¥101.0m | ¥73.0m |
| Dividends paid | −¥89.0m | −¥89.0m | −¥89.0m | −¥89.0m | −¥62.0m | −¥89.0m | −¥66.0m | −¥74.0m | −¥44.0m | −¥44.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.92bn | ¥3.70bn | ¥4.19bn | ¥3.84bn | ¥3.85bn | ¥3.69bn | ¥4.08bn | ¥3.95bn |
| Gross profit | ¥494.0m | ¥440.0m | ¥582.0m | ¥518.0m | ¥550.0m | ¥517.0m | ¥687.0m | ¥562.0m |
| Operating income | −¥61.0m | −¥36.0m | ¥23.0m | ¥3.0m | — | −¥12.0m | ¥145.0m | ¥40.0m |
| Net income | −¥61.0m | −¥96.0m | −¥2.0m | −¥22.0m | −¥7.0m | ¥3.0m | ¥139.0m | ¥30.0m |
| Diluted earnings per share | -13.67 | -21.51 | -0.45 | -4.93 | -1.57 | 0.67 | 31.14 | 6.72 |
| Total assets | ¥11.02bn | ¥10.95bn | ¥11.63bn | ¥10.84bn | ¥10.89bn | ¥10.99bn | ¥10.75bn | ¥10.21bn |
| Cash and short-term investments | ¥769.0m | ¥743.0m | ¥967.0m | ¥746.0m | ¥1.15bn | ¥1.20bn | ¥1.04bn | ¥831.0m |
| Debt | ¥790.0m | ¥2.37bn | ¥390.0m | ¥1.67bn | ¥351.0m | ¥1.74bn | ¥602.0m | ¥1.28bn |
| Shareholders' equity | ¥5.99bn | ¥6.10bn | ¥6.19bn | ¥6.24bn | ¥6.26bn | ¥6.31bn | ¥6.31bn | ¥6.22bn |
Financial ratios
Data as of 28 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 13.4% | 14.9% | 14.0% | 13.9% | 15.9% | 16.6% |
| Operating margin | -0.4% | 1.2% | 0.2% | 1.9% | 2.9% | 1.2% |
| Net margin | -0.8% | 1.2% | -5.1% | 1.3% | 2.3% | 2.2% |
| Return on equity | -2.1% | 2.9% | -12.6% | 3.3% | 5.2% | 4.1% |
| Return on assets | -1.2% | 1.7% | -7.4% | 2.0% | 3.0% | 2.7% |
| Free cash flow yield | 15.9% | 35.6% | 47.3% | 23.0% | -7.9% | 33.2% |
| Revenue growth | 1.1% | 1.0% | -13.5% | 10.2% | 26.2% | -13.4% |
| Earnings growth | -169.0% | -123.5% | -439.0% | -36.0% | 31.3% | 11.3% |
| Current ratio | 2.04x | 2.25x | 2.20x | 2.05x | 1.79x | 2.10x |
| Debt to equity | 0.39x | 0.28x | 0.22x | 0.22x | 0.21x | 0.15x |
| Equity ratio | 55.7% | 57.5% | 58.9% | 60.0% | 58.0% | 65.5% |
| Interest coverage | -3.50x | 20.44x | 5.43x | 54.50x | 92.80x | 22.57x |
| R&D as a share of sales | 0.4% | 0.5% | 0.7% | 0.6% | 0.7% | 0.9% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.1% | 4.2% | 2.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.2% | 14.1% | 14.7% | 15.1% |
| Operating margin | 0.4% | 0.8% | 1.2% | 1.7% |
| Net margin | 0.2% | -0.8% | 0.2% | 0.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -17.1 | 12.6 | -2.5 | 9.7 | 6.2 | 8.9 | 7.9 | 9.5 | 4.9 | 11.1 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 30.00 | 20.00 | 20.00 | 20.00 | 14.00 | 20.00 | 15.00 | 13.333 |
- 3-for-1 split · 29 Sept 2020
- 10-to-1 reverse split · 27 Sept 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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