M 
1,086
+1.88%
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
¥12.52bn
FY2016FY2025
Net income
−¥2.53bn
FY2016FY2025
Free cash flow
−¥1.07bn
FY2016FY2025
Shareholders' equity
¥10.75bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥12.52bn | ¥10.92bn | ¥11.89bn | ¥11.47bn | ¥13.65bn | ¥13.64bn | ¥15.37bn | ¥13.51bn | ¥12.55bn | ¥11.95bn |
| Gross profit | ¥1.24bn | ¥768.0m | ¥1.87bn | ¥1.85bn | ¥1.56bn | ¥1.68bn | ¥2.39bn | ¥2.17bn | ¥2.35bn | ¥2.15bn |
| Research and development | ¥11.9m | ¥21.7m | ¥24.6m | ¥14.8m | ¥43.2m | ¥19.9m | ¥17.4m | ¥32.1m | ¥17.2m | ¥26.3m |
| Operating income | −¥24.6m | −¥519.1m | ¥556.0m | ¥660.9m | ¥407.7m | ¥562.1m | ¥1.15bn | ¥954.4m | ¥1.11bn | ¥890.9m |
| Net income | −¥2.53bn | −¥2.29bn | ¥481.3m | ¥512.0m | ¥303.4m | ¥440.8m | ¥938.9m | ¥817.4m | ¥966.0m | ¥567.5m |
| Diluted earnings per share | -856.09 | -777.71 | 163.14 | 173.56 | 102.84 | 149.39 | 320.65 | 281.36 | 332.45 | 195.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥21.87bn | ¥22.62bn | ¥20.90bn | ¥19.27bn | ¥18.29bn | ¥17.55bn | ¥17.36bn | ¥16.53bn | ¥16.07bn | ¥15.55bn |
| Cash and short-term investments | ¥1.66bn | ¥1.30bn | ¥1.39bn | ¥1.81bn | ¥3.12bn | ¥2.88bn | ¥2.85bn | ¥2.26bn | ¥2.12bn | ¥1.91bn |
| Total liabilities | ¥11.12bn | ¥9.30bn | ¥5.59bn | ¥4.62bn | ¥4.13bn | ¥3.77bn | ¥3.84bn | ¥3.93bn | ¥4.04bn | ¥4.44bn |
| Debt | ¥7.16bn | ¥5.48bn | ¥2.05bn | ¥700.0m | ¥500.0m | ¥500.0m | ¥500.0m | ¥800.0m | ¥700.0m | ¥1.00bn |
| Shareholders' equity | ¥10.75bn | ¥13.32bn | ¥15.31bn | ¥14.65bn | ¥14.16bn | ¥13.78bn | ¥13.51bn | ¥12.60bn | ¥12.03bn | ¥11.10bn |
| Shares outstanding | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.28bn | ¥22.6m | −¥441.8m | ¥229.9m | ¥1.18bn | ¥1.19bn | ¥1.58bn | ¥683.3m | ¥1.14bn | ¥1.02bn |
| Capital spending | −¥2.34bn | −¥3.41bn | −¥1.10bn | −¥1.62bn | −¥782.4m | −¥1.07bn | −¥622.7m | −¥615.2m | −¥722.1m | −¥791.8m |
| Free cash flow | −¥1.07bn | −¥3.38bn | −¥1.54bn | −¥1.39bn | ¥394.5m | ¥125.3m | ¥953.4m | ¥68.0m | ¥420.9m | ¥232.3m |
| Dividends paid | −¥21.0m | −¥105.1m | −¥120.1m | −¥120.1m | −¥135.1m | −¥150.1m | −¥147.8m | −¥118.3m | −¥118.3m | −¥118.3m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.35bn | ¥3.67bn | ¥2.54bn | ¥3.04bn | ¥3.18bn | ¥3.35bn | ¥2.96bn | ¥2.88bn |
| Gross profit | ¥394.9m | ¥420.2m | ¥247.8m | ¥111.5m | ¥376.6m | ¥385.5m | ¥361.6m | −¥85.2m |
| Operating income | ¥139.1m | ¥146.7m | −¥39.3m | −¥194.5m | ¥56.3m | ¥92.2m | ¥21.3m | −¥437.2m |
| Net income | ¥189.4m | ¥160.4m | ¥44.7m | −¥2.89bn | ¥169.2m | ¥89.9m | ¥102.3m | −¥2.30bn |
| Diluted earnings per share | 64.49 | 54.64 | 15.24 | -978.60 | 57.35 | 30.46 | 34.70 | -780.93 |
| Cash from operations | — | — | — | ¥1.28bn | — | — | — | — |
| Capital spending | — | — | — | −¥2.34bn | — | — | — | — |
| Free cash flow | — | — | — | −¥1.07bn | — | — | — | — |
| Total assets | ¥23.07bn | ¥23.29bn | ¥22.19bn | ¥21.87bn | ¥24.73bn | ¥24.07bn | ¥23.63bn | ¥22.62bn |
| Cash and short-term investments | ¥1.74bn | ¥1.68bn | ¥1.56bn | ¥1.66bn | ¥1.56bn | ¥1.61bn | ¥1.57bn | ¥1.30bn |
| Debt | ¥3.25bn | ¥7.50bn | ¥2.41bn | ¥7.16bn | ¥1.66bn | ¥6.86bn | ¥1.92bn | ¥1.50bn |
| Shareholders' equity | ¥11.50bn | ¥11.51bn | ¥10.96bn | ¥10.75bn | ¥13.72bn | ¥13.22bn | ¥13.22bn | ¥13.32bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 9.9% | 7.0% | 15.7% | 16.1% | 11.4% | 12.3% |
| Operating margin | -0.2% | -4.8% | 4.7% | 5.8% | 3.0% | 4.1% |
| Net margin | -20.2% | -21.0% | 4.0% | 4.5% | 2.2% | 3.2% |
| Return on equity | -23.5% | -17.2% | 3.1% | 3.5% | 2.1% | 3.2% |
| Return on assets | -11.5% | -10.1% | 2.3% | 2.7% | 1.7% | 2.5% |
| Free cash flow yield | 109.2% | 103.4% | 19.8% | 55.8% | 59.1% | 68.0% |
| Revenue growth | 14.7% | -8.2% | 3.6% | -16.0% | 0.1% | -11.3% |
| Earnings growth | 10.1% | -576.7% | -6.0% | 68.8% | -31.2% | -53.1% |
| Current ratio | 2.43x | 2.76x | 3.43x | 3.40x | 3.70x | 3.75x |
| Debt to equity | 0.67x | 0.41x | 0.13x | 0.05x | 0.04x | 0.04x |
| Equity ratio | 49.1% | 58.9% | 73.3% | 76.0% | 77.4% | 78.5% |
| Interest coverage | -0.45x | -35.54x | 107.79x | 718.89x | 672.84x | 1149.53x |
| R&D as a share of sales | 0.1% | 0.2% | 0.2% | 0.1% | 0.3% | 0.1% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -0.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.0% | -1.7% | 0.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.5% | 12.2% | 12.1% | 14.4% |
| Operating margin | -2.3% | 1.4% | 2.2% | 4.7% |
| Net margin | -20.6% | -8.2% | -4.2% | 0.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | -1.5 | 8.5 | 8.1 | 15.8 | 10.4 | 6.3 | 5.9 | 6.3 | 7.6 |
| Price to sales | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.4 | 0.4 | 0.5 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 27 years. Last went ex-dividend on 28 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 5.00 | 12.00 | 35.00 | 40.00 | 40.00 | 45.00 | 50.00 | 50.00 |
- 5-to-1 reverse split · 25 Apr 2018
- 1.05-for-1 split · 28 Oct 1991
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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