M 
904
+1.46%
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
¥40.34bn
FY2017FY2026
Net income
¥1.97bn
FY2017FY2026
Free cash flow
¥568.0m
FY2017FY2026
Shareholders' equity
¥32.73bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥40.34bn | ¥35.59bn | ¥34.54bn | ¥35.10bn | ¥31.88bn | ¥32.70bn | ¥34.39bn | ¥35.31bn | ¥32.95bn | ¥33.16bn |
| Gross profit | ¥7.83bn | ¥6.46bn | ¥6.13bn | ¥5.51bn | ¥4.74bn | ¥5.18bn | ¥5.72bn | ¥5.82bn | ¥5.65bn | ¥5.48bn |
| Research and development | — | ¥12.0m | ¥25.0m | ¥19.0m | — | — | — | — | — | — |
| Operating income | ¥2.11bn | ¥1.58bn | ¥1.41bn | ¥1.07bn | ¥560.0m | ¥944.0m | ¥1.43bn | ¥1.30bn | ¥1.18bn | ¥1.10bn |
| Net income | ¥1.97bn | ¥1.53bn | ¥1.37bn | ¥1.04bn | ¥749.0m | ¥698.0m | ¥1.10bn | ¥992.0m | ¥888.0m | ¥859.0m |
| Diluted earnings per share | 113.97 | 85.72 | 76.67 | 58.00 | 41.85 | 39.00 | 61.68 | 55.42 | 49.61 | 47.99 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥45.95bn | ¥43.97bn | ¥43.34bn | ¥43.73bn | ¥43.30bn | ¥44.06bn | ¥43.97bn | ¥45.42bn | ¥45.48bn | ¥45.42bn |
| Cash and short-term investments | ¥4.38bn | ¥5.09bn | ¥4.86bn | ¥3.40bn | ¥4.42bn | ¥3.60bn | ¥2.17bn | ¥3.82bn | ¥2.69bn | ¥1.73bn |
| Total liabilities | ¥13.22bn | ¥13.04bn | ¥13.53bn | ¥15.51bn | ¥15.85bn | ¥15.94bn | ¥16.56bn | ¥18.54bn | ¥19.21bn | ¥19.75bn |
| Debt | ¥500.0m | ¥534.0m | ¥535.0m | ¥1.56bn | ¥2.88bn | ¥3.88bn | ¥4.47bn | ¥4.73bn | ¥5.03bn | ¥6.07bn |
| Shareholders' equity | ¥32.73bn | ¥30.93bn | ¥29.81bn | ¥28.22bn | ¥27.45bn | ¥28.12bn | ¥27.40bn | ¥26.88bn | ¥26.27bn | ¥25.68bn |
| Shares outstanding | 17m | 18m | 18m | 18m | 18m | 18m | 18m | 18m | 18m | 18m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥2.25bn | ¥1.45bn | ¥3.20bn | ¥756.0m | ¥1.57bn | ¥2.19bn | ¥118.0m | ¥2.01bn | ¥3.00bn | ¥2.34bn |
| Capital spending | −¥1.69bn | −¥1.05bn | −¥476.0m | −¥259.0m | −¥227.0m | −¥155.0m | −¥964.0m | −¥180.0m | −¥198.0m | −¥197.0m |
| Free cash flow | ¥568.0m | ¥397.0m | ¥2.72bn | ¥497.0m | ¥1.34bn | ¥2.03bn | −¥846.0m | ¥1.83bn | ¥2.80bn | ¥2.14bn |
| Dividends paid | −¥464.0m | −¥393.0m | −¥322.0m | −¥286.0m | −¥286.0m | −¥322.0m | −¥323.0m | −¥323.0m | −¥289.0m | −¥326.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥10.08bn | ¥10.61bn | ¥11.15bn | ¥9.08bn | ¥9.51bn | ¥9.15bn | ¥9.70bn | ¥8.47bn |
| Gross profit | ¥2.24bn | ¥2.03bn | ¥2.25bn | ¥1.67bn | ¥1.88bn | ¥1.85bn | ¥1.62bn | ¥1.48bn |
| Operating income | ¥849.0m | ¥411.0m | ¥866.0m | ¥260.0m | ¥574.0m | ¥482.0m | ¥464.0m | ¥251.0m |
| Net income | ¥662.0m | ¥535.0m | ¥674.0m | ¥268.0m | ¥488.0m | ¥590.0m | ¥377.0m | ¥243.0m |
| Diluted earnings per share | 38.40 | 31.03 | 37.67 | 14.98 | 27.27 | 32.97 | 21.07 | 13.58 |
| Total assets | ¥42.68bn | ¥45.95bn | ¥45.94bn | ¥43.96bn | ¥43.14bn | ¥43.97bn | ¥43.85bn | ¥42.54bn |
| Cash and short-term investments | ¥2.33bn | ¥4.38bn | ¥4.63bn | ¥5.59bn | ¥5.24bn | ¥5.09bn | ¥4.17bn | ¥4.60bn |
| Debt | ¥500.0m | ¥500.0m | ¥500.0m | ¥500.0m | ¥500.0m | ¥510.0m | ¥500.0m | ¥500.0m |
| Shareholders' equity | ¥32.50bn | ¥32.73bn | ¥32.52bn | ¥31.54bn | ¥31.05bn | ¥30.93bn | ¥30.34bn | ¥29.86bn |
Financial ratios
Data as of 28 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2011 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 19.4% | 18.2% | 17.8% | 15.7% | 14.9% | 15.8% | — |
| Operating margin | 5.2% | 4.4% | 5.8% | 3.1% | 1.8% | 2.9% | — |
| Net margin | 4.9% | 4.3% | 4.0% | 3.0% | 2.3% | 2.1% | — |
| Return on equity | 6.0% | 5.0% | 4.6% | 3.7% | 2.7% | 2.5% | — |
| Return on assets | 4.3% | 3.5% | 3.2% | 2.4% | 1.7% | 1.6% | — |
| Free cash flow yield | 23.2% | 14.1% | 20.8% | 5.7% | 10.2% | 13.3% | — |
| Revenue growth | 13.4% | 3.0% | -1.6% | 10.1% | -2.5% | -4.9% | — |
| Earnings growth | 28.1% | 11.8% | 32.2% | 38.6% | 7.3% | -36.8% | — |
| Current ratio | 2.64x | 2.69x | 2.56x | 2.27x | 2.17x | 2.18x | — |
| Debt to equity | 0.02x | 0.02x | 0.02x | 0.05x | 0.10x | 0.14x | — |
| Equity ratio | 71.2% | 70.3% | 68.8% | 64.5% | 63.4% | 63.8% | — |
| Interest coverage | 351.83x | 395.00x | 251.75x | 71.67x | 24.35x | 33.71x | — |
| R&D as a share of sales | — | 0.0% | 0.1% | 0.1% | — | — | 0.0% |
| Buybacks as a share of market value | 3.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.7% | 4.3% | 2.9% |
| Operating income | 25.2% | 17.5% | 8.3% |
| Net income | 23.7% | 23.0% | 10.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.8% | 17.8% | 17.1% | 16.9% |
| Operating margin | 4.9% | 4.2% | 3.7% | 3.6% |
| Net margin | 4.6% | 4.1% | 3.5% | 3.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.1 | 9.4 | 7.3 | 9.0 | 9.3 | 10.3 | 6.3 | 8.1 | 8.6 | 13.6 |
| Price to sales | 0.4 | 0.4 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 66.00 | 22.00 | 18.00 | 16.00 | 16.00 | 18.00 | 18.00 | 16.00 |
- 5-for-1 split · 30 Mar 2026
- 10-to-1 reverse split · 27 Sept 2017
- 1.1-for-1 split · 25 Sept 1992
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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