T 
65
+1.56%
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
¥8.51bn
FY2017FY2026
Net income
¥1.12bn
FY2017FY2026
Free cash flow
−¥220.4m
FY2017FY2026
Shareholders' equity
¥1.99bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥8.51bn | ¥9.48bn | ¥10.03bn | ¥11.98bn | ¥12.14bn | ¥14.60bn | ¥22.38bn | ¥25.00bn | ¥26.13bn | ¥24.00bn |
| Gross profit | ¥5.08bn | ¥5.56bn | ¥5.98bn | ¥7.17bn | ¥7.06bn | ¥8.21bn | ¥13.75bn | ¥13.84bn | ¥15.44bn | ¥14.39bn |
| Operating income | ¥19.3m | ¥203.6m | −¥40.6m | −¥785.2m | −¥2.15bn | −¥3.40bn | −¥431.9m | −¥1.62bn | ¥65.6m | ¥382.4m |
| Net income | ¥1.12bn | ¥1.97bn | −¥102.2m | −¥1.05bn | −¥2.15bn | −¥3.14bn | −¥1.05bn | −¥2.01bn | ¥51.7m | ¥114.1m |
| Diluted earnings per share | 19.23 | 23.17 | -4.19 | -43.11 | -88.09 | -128.83 | -43.17 | -82.64 | 2.12 | 4.68 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥6.06bn | ¥5.88bn | ¥5.61bn | ¥6.41bn | ¥8.01bn | ¥9.38bn | ¥11.13bn | ¥12.19bn | ¥13.14bn | ¥13.29bn |
| Cash and short-term investments | ¥2.04bn | ¥1.38bn | ¥1.13bn | ¥1.49bn | ¥1.59bn | ¥631.1m | ¥795.9m | ¥769.8m | ¥1.23bn | ¥1.83bn |
| Total liabilities | ¥4.07bn | ¥4.81bn | ¥7.53bn | ¥8.34bn | ¥8.89bn | ¥8.04bn | ¥6.78bn | ¥6.75bn | ¥5.68bn | ¥5.83bn |
| Debt | ¥1.62bn | ¥1.99bn | ¥4.03bn | ¥4.12bn | ¥4.32bn | ¥1.64bn | ¥426.5m | ¥181.8m | ¥3.1m | ¥44.8m |
| Shareholders' equity | ¥1.99bn | ¥1.08bn | −¥1.92bn | −¥1.93bn | −¥876.9m | ¥1.34bn | ¥4.35bn | ¥5.44bn | ¥7.46bn | ¥7.47bn |
| Shares outstanding | 58m | 85m | 24m | 24m | 24m | 24m | 24m | 24m | 24m | 24m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥198.0m | −¥144.4m | −¥333.3m | ¥149.5m | −¥2.22bn | −¥1.46bn | −¥128.2m | −¥116.7m | ¥159.8m | ¥617.6m |
| Capital spending | −¥22.3m | −¥26.0m | −¥15.4m | −¥192.1m | −¥93.4m | −¥186.8m | −¥441.2m | −¥301.7m | −¥682.8m | −¥255.4m |
| Free cash flow | −¥220.4m | −¥170.4m | −¥348.7m | −¥42.6m | −¥2.31bn | −¥1.64bn | −¥569.4m | −¥418.4m | −¥523.0m | ¥362.3m |
| Dividends paid | −¥15.2m | — | — | — | −¥601,000 | −¥687,000 | −¥674,000 | −¥72.9m | −¥73.7m | −¥49.9m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.66bn | ¥2.20bn | ¥2.24bn | ¥2.14bn | ¥1.87bn | ¥2.41bn | ¥2.54bn | ¥2.41bn |
| Gross profit | ¥957.8m | ¥1.38bn | ¥1.28bn | ¥1.35bn | ¥1.08bn | ¥1.53bn | ¥1.44bn | ¥1.46bn |
| Operating income | −¥296.4m | ¥56.8m | ¥148.3m | ¥29.6m | −¥147.5m | ¥150.7m | ¥10.6m | ¥91.5m |
| Net income | −¥329.0m | ¥45.7m | ¥749.5m | ¥371.3m | −¥174.5m | ¥176.4m | ¥227.2m | ¥109.6m |
| Diluted earnings per share | -5.63 | 0.78 | 12.84 | 4.37 | -2.05 | 2.08 | 2.67 | 4.50 |
| Total assets | ¥5.20bn | ¥5.96bn | ¥6.06bn | ¥7.10bn | ¥5.59bn | ¥6.21bn | ¥5.88bn | ¥6.00bn |
| Cash and short-term investments | ¥1.46bn | ¥1.75bn | ¥2.04bn | ¥1.23bn | ¥1.10bn | ¥1.43bn | ¥1.38bn | ¥1.09bn |
| Debt | — | — | ¥1.62bn | — | — | — | — | ¥4.1m |
| Shareholders' equity | ¥1.81bn | ¥2.14bn | ¥1.99bn | ¥2.13bn | ¥1.31bn | ¥1.32bn | ¥1.08bn | ¥838.3m |
Financial ratios
Data as of 18 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 59.8% | 58.7% | 59.7% | 59.9% | 58.1% | 56.2% |
| Operating margin | 0.2% | 20.1% | 0.5% | -7.5% | -15.6% | -21.6% |
| Net margin | 13.2% | 20.8% | -1.0% | -8.8% | -17.7% | -21.5% |
| Return on equity | 56.4% | 183.0% | 5.3% | 54.3% | 244.7% | -234.3% |
| Return on assets | 18.5% | 33.5% | -1.8% | -16.4% | -26.8% | -33.4% |
| Free cash flow yield | -4.5% | -2.3% | -18.2% | 8.2% | -121.5% | -79.8% |
| Revenue growth | -10.2% | -5.5% | -16.3% | -1.3% | -16.9% | -34.8% |
| Earnings growth | -43.0% | -2026.9% | -90.3% | -51.1% | -31.6% | 198.5% |
| Current ratio | 2.67x | 1.95x | 0.61x | 0.63x | 0.77x | 0.80x |
| Debt to equity | 0.81x | 1.85x | -2.10x | -2.11x | -4.83x | 1.12x |
| Equity ratio | 32.8% | 18.3% | -34.1% | -30.2% | -10.9% | 14.3% |
| Interest coverage | 0.38x | 34.29x | 0.57x | -10.80x | -30.75x | -112.06x |
| Buybacks as a share of market value | 31.3% | -248.7% | 0.0% | 0.0% | 0.0% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.8% | -10.2% | -10.0% |
| Operating income | — | — | -24.8% |
| Net income | — | — | 53.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 59.2% | 59.5% | 58.6% | 58.8% |
| Operating margin | 1.2% | -1.5% | -9.2% | -3.9% |
| Net margin | 17.2% | 4.8% | -5.0% | -3.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 3.7 | 3.6 | -31.5 | -1.9 | -0.8 | -0.9 | -3.0 | -2.3 | 76.9 | 48.5 |
| Price to sales | 0.5 | 0.7 | 0.3 | 0.2 | 0.1 | 0.2 | 0.1 | 0.2 | 0.1 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Feb 2018.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 3.00 | 3.00 | 2.00 | 2.00 | 5.00 | 7.00 | 3.00 | 4.00 |
- 5-for-4 split · 22 Feb 1989
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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