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1,174
+0.34%
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
¥6.34bn
FY2016FY2025
Net income
¥403.1m
FY2016FY2025
Free cash flow
¥29.7m
FY2016FY2025
Shareholders' equity
¥4.85bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥6.34bn | ¥7.20bn | ¥7.18bn | ¥6.92bn | ¥8.37bn | ¥8.22bn | ¥9.55bn | ¥11.04bn | ¥10.20bn | ¥10.20bn |
| Gross profit | ¥1.47bn | ¥1.55bn | ¥1.45bn | ¥1.38bn | ¥1.68bn | ¥1.72bn | ¥1.75bn | ¥2.02bn | ¥2.09bn | ¥2.09bn |
| Research and development | — | — | ¥45.4m | ¥80.0m | ¥76.5m | ¥92.9m | ¥90.6m | — | ¥67.0m | ¥62.0m |
| Operating income | −¥122.9m | −¥27.2m | −¥139.0m | −¥260.7m | −¥102.6m | −¥243.3m | −¥225.7m | −¥22.3m | ¥130.5m | ¥233.9m |
| Net income | ¥403.1m | ¥209.4m | ¥1.21bn | −¥566.0m | −¥5.4m | −¥508.4m | −¥284.8m | −¥59.6m | ¥97.6m | ¥157.9m |
| Diluted earnings per share | 237.74 | 122.92 | 713.13 | -332.28 | -3.15 | -298.44 | -167.19 | -34.96 | 57.30 | 92.68 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥8.55bn | ¥8.06bn | ¥8.20bn | ¥8.52bn | ¥9.64bn | ¥9.63bn | ¥10.19bn | ¥10.86bn | ¥11.38bn | ¥11.10bn |
| Cash and short-term investments | ¥1.53bn | ¥907.9m | ¥1.32bn | ¥658.8m | ¥775.1m | ¥629.9m | ¥1.16bn | ¥788.4m | ¥786.0m | ¥692.1m |
| Total liabilities | ¥3.70bn | ¥3.48bn | ¥3.92bn | ¥5.60bn | ¥6.25bn | ¥6.22bn | ¥6.35bn | ¥6.66bn | ¥6.91bn | ¥6.65bn |
| Debt | ¥961.7m | ¥883.3m | ¥931.7m | ¥2.90bn | ¥3.48bn | ¥3.57bn | ¥3.43bn | ¥3.40bn | ¥3.56bn | ¥3.54bn |
| Shareholders' equity | ¥4.85bn | ¥4.58bn | ¥4.27bn | ¥2.91bn | ¥3.37bn | ¥3.40bn | ¥3.83bn | ¥4.19bn | ¥4.46bn | ¥4.44bn |
| Shares outstanding | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥76.5m | −¥249.0m | −¥428.4m | ¥181.1m | ¥290.3m | −¥604.1m | ¥544.0m | ¥527.6m | ¥285.7m | ¥217.8m |
| Capital spending | −¥46.8m | −¥461.3m | −¥17.6m | −¥8.9m | −¥56.4m | −¥59.9m | −¥97.0m | −¥233.1m | −¥138.2m | −¥203.2m |
| Free cash flow | ¥29.7m | −¥710.2m | −¥446.0m | ¥172.2m | ¥233.9m | −¥664.0m | ¥447.0m | ¥294.4m | ¥147.6m | ¥14.6m |
| Dividends paid | −¥33.3m | — | — | −¥93,000 | −¥212,000 | −¥1.1m | −¥17.0m | −¥42.2m | −¥67.3m | −¥67.0m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.07bn | ¥2.01bn | ¥1.47bn | ¥1.64bn | ¥1.23bn | ¥2.11bn | ¥1.37bn | ¥1.74bn |
| Gross profit | ¥196.2m | ¥517.6m | ¥305.8m | ¥349.1m | ¥274.9m | ¥558.4m | ¥285.1m | ¥391.3m |
| Operating income | −¥209.3m | ¥88.7m | −¥110.0m | −¥20.2m | −¥135.0m | ¥133.3m | −¥101.0m | −¥2.9m |
| Net income | −¥166.7m | ¥153.1m | −¥115.9m | ¥225.9m | ¥146.3m | ¥129.2m | −¥98.3m | ¥142.8m |
| Diluted earnings per share | -99.86 | 91.75 | -69.45 | 133.26 | 86.30 | 76.18 | -57.99 | 83.81 |
| Total assets | ¥7.85bn | ¥8.24bn | ¥8.14bn | ¥8.55bn | ¥8.04bn | ¥8.30bn | ¥7.79bn | ¥8.06bn |
| Cash and short-term investments | ¥1.49bn | ¥1.97bn | ¥1.51bn | ¥1.53bn | ¥1.08bn | ¥1.00bn | ¥700.3m | ¥907.9m |
| Debt | ¥604.6m | ¥993.2m | ¥580.6m | ¥918.5m | ¥497.6m | ¥833.5m | ¥644.4m | ¥559.4m |
| Shareholders' equity | ¥4.64bn | ¥4.73bn | ¥4.71bn | ¥4.85bn | ¥4.77bn | ¥4.62bn | ¥4.40bn | ¥4.58bn |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 23.1% | 21.5% | 20.2% | 19.9% | 20.1% | 20.9% | — | — |
| Operating margin | 8.9% | 3.6% | 19.8% | -7.3% | 0.9% | -5.4% | — | — |
| Net margin | 6.4% | 2.9% | 16.9% | -8.2% | -0.1% | -6.2% | — | — |
| Return on equity | 8.3% | 4.6% | 28.4% | -19.5% | -0.2% | -15.0% | — | — |
| Return on assets | 4.7% | 2.6% | 14.8% | -6.6% | -0.1% | -5.3% | — | — |
| Free cash flow yield | 6.1% | 10.4% | -20.2% | 9.3% | 17.0% | -26.7% | — | — |
| Revenue growth | -12.0% | 0.3% | 3.8% | -17.3% | 1.9% | -14.0% | — | — |
| Earnings growth | 92.5% | -82.8% | -314.6% | 10446.6% | -98.9% | 78.5% | — | — |
| Current ratio | 2.22x | 2.04x | 1.78x | 0.95x | 0.97x | 0.93x | — | — |
| Debt to equity | 0.19x | 0.18x | 0.20x | 0.99x | 1.01x | 1.02x | — | — |
| Equity ratio | 56.7% | 56.8% | 52.1% | 34.1% | 35.0% | 35.3% | — | — |
| Interest coverage | 32.27x | 16.65x | 36.50x | -12.35x | 1.84x | -10.83x | — | — |
| R&D as a share of sales | — | — | 0.6% | 1.2% | 0.9% | 1.1% | 0.9% | 0.7% |
| Buybacks as a share of market value | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.9% | -5.0% | -5.1% |
| Operating income | -22.2% | -12.8% | — |
| Net income | — | — | 5.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.3% | 21.1% | 20.9% | 20.2% |
| Operating margin | -1.1% | -2.0% | -2.0% | -0.6% |
| Net margin | 4.5% | 4.6% | 1.7% | 0.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 4.0 | 6.0 | 1.2 | -1.4 | -176.8 | -2.3 | -5.6 | -29.6 | 24.5 | 19.7 |
| Price to sales | 0.3 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 27 Nov 2025.
| FY2025 | FY2019 | FY2018 | FY2017 | FY2005 | FY2004 | FY2000 | FY1999 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 40.00 | 10.00 | 25.00 | 40.00 | 15.00 | 30.00 | 30.00 | 50.00 |
- 10-to-1 reverse split · 29 May 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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