L 
142
+2.90%
Close of 9 Nov 2026, in JPY
Search any instrument
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
¥57.53bn
FY2016FY2025
Net income
−¥99.0m
FY2016FY2025
Free cash flow
−¥849.0m
FY2016FY2025
Shareholders' equity
¥22.69bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥57.53bn | ¥61.52bn | ¥60.19bn | ¥55.13bn | ¥68.15bn | ¥82.99bn | ¥129.52bn | ¥118.00bn | ¥64.29bn | ¥62.76bn |
| Gross profit | ¥19.74bn | ¥20.40bn | ¥18.12bn | ¥14.68bn | ¥15.69bn | ¥19.29bn | ¥37.04bn | ¥37.74bn | ¥26.29bn | ¥23.09bn |
| Operating income | ¥79.0m | ¥142.0m | ¥284.0m | ¥102.0m | −¥2.85bn | −¥3.36bn | −¥6.88bn | −¥851.7m | ¥138.8m | −¥955.9m |
| Net income | −¥99.0m | ¥670.0m | ¥2.04bn | ¥69.0m | −¥7.11bn | −¥16.64bn | −¥7.87bn | −¥1.02bn | ¥104.9m | −¥1.53bn |
| Diluted earnings per share | -1.08 | 7.33 | 22.35 | 0.75 | -77.78 | -182.04 | -109.11 | -15.82 | 1.63 | -23.69 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥42.41bn | ¥44.06bn | ¥46.26bn | ¥40.94bn | ¥46.72bn | ¥63.52bn | ¥85.33bn | ¥84.54bn | ¥63.60bn | ¥58.41bn |
| Cash and short-term investments | ¥8.96bn | ¥10.81bn | ¥11.16bn | ¥10.48bn | ¥10.82bn | ¥16.36bn | ¥14.48bn | ¥10.46bn | ¥19.83bn | ¥2.86bn |
| Total liabilities | ¥19.73bn | ¥21.07bn | ¥23.85bn | ¥20.62bn | ¥26.61bn | ¥35.94bn | ¥41.10bn | ¥40.55bn | ¥19.00bn | ¥14.15bn |
| Debt | ¥2.99bn | ¥3.32bn | ¥2.87bn | ¥1.39bn | ¥2.39bn | ¥7.96bn | ¥13.11bn | ¥9.56bn | ¥7.16bn | ¥5.32bn |
| Shareholders' equity | ¥22.69bn | ¥22.99bn | ¥22.41bn | ¥20.33bn | ¥20.07bn | ¥26.83bn | ¥43.48bn | ¥42.96bn | ¥44.38bn | ¥44.26bn |
| Shares outstanding | 91m | 91m | 91m | 91m | 91m | 91m | 72m | 64m | 64m | 64m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥328.0m | −¥70.0m | −¥187.0m | −¥2.08bn | ¥928.0m | ¥1.42bn | −¥2.88bn | −¥5.78bn | ¥2.78bn | ¥1.46bn |
| Capital spending | −¥521.0m | −¥344.0m | −¥832.0m | −¥255.0m | −¥768.0m | −¥2.77bn | −¥1.24bn | −¥1.37bn | −¥3.05bn | −¥4.27bn |
| Free cash flow | −¥849.0m | −¥414.0m | −¥1.02bn | −¥2.33bn | ¥160.0m | −¥1.34bn | −¥4.12bn | −¥7.15bn | −¥270.4m | −¥2.81bn |
| Dividends paid | −¥180.0m | — | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥13.31bn | ¥10.60bn | ¥18.07bn | ¥14.65bn | ¥13.34bn | ¥11.48bn | ¥18.49bn | ¥15.28bn |
| Gross profit | ¥4.49bn | ¥3.52bn | ¥6.37bn | ¥5.00bn | ¥4.73bn | ¥3.64bn | ¥6.14bn | ¥4.89bn |
| Operating income | −¥191.0m | −¥855.0m | ¥1.22bn | −¥92.0m | −¥14.0m | −¥1.05bn | ¥1.02bn | −¥104.0m |
| Net income | −¥193.0m | −¥791.0m | ¥1.40bn | −¥72.0m | −¥199.0m | −¥1.23bn | ¥1.12bn | −¥362.0m |
| Diluted earnings per share | -2.11 | -8.65 | 15.36 | -0.79 | -2.18 | -13.48 | 12.27 | -3.96 |
| Total assets | ¥38.90bn | ¥37.30bn | ¥42.41bn | ¥38.61bn | ¥38.91bn | ¥38.10bn | ¥44.06bn | ¥40.35bn |
| Cash and short-term investments | ¥7.09bn | ¥7.12bn | ¥8.96bn | ¥8.04bn | ¥8.33bn | ¥9.09bn | ¥10.81bn | ¥10.38bn |
| Debt | ¥3.01bn | ¥2.55bn | ¥2.99bn | ¥2.55bn | ¥2.70bn | ¥2.55bn | ¥2.85bn | ¥3.05bn |
| Shareholders' equity | ¥21.43bn | ¥21.63bn | ¥22.69bn | ¥21.31bn | ¥21.39bn | ¥21.58bn | ¥22.99bn | ¥21.97bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 34.3% | 33.2% | 30.1% | 26.6% | 23.0% | 23.2% |
| Operating margin | 0.1% | 0.2% | 0.5% | 0.2% | -4.2% | -4.0% |
| Net margin | -0.2% | 1.1% | 3.4% | 0.1% | -10.4% | -20.1% |
| Return on equity | -0.4% | 2.9% | 9.1% | 0.3% | -35.4% | -62.0% |
| Return on assets | -0.2% | 1.5% | 4.4% | 0.2% | -15.2% | -26.2% |
| Free cash flow yield | 1.4% | 2.0% | 4.8% | -13.5% | 12.5% | 31.0% |
| Revenue growth | -6.5% | 2.2% | 9.2% | -19.1% | -17.9% | -35.9% |
| Earnings growth | -114.8% | -67.2% | 2860.9% | -101.0% | -57.3% | 111.4% |
| Current ratio | 1.99x | 1.96x | 1.81x | 1.78x | 1.50x | 1.55x |
| Debt to equity | 0.13x | 0.14x | 0.13x | 0.06x | 0.11x | 0.29x |
| Equity ratio | 53.5% | 52.2% | 48.4% | 49.6% | 43.0% | 42.2% |
| Interest coverage | 8.78x | 10.14x | 21.85x | 4.43x | -31.98x | -23.01x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | -0.0% | -26.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.4% | -7.1% | -4.7% |
| Operating income | -8.2% | — | -37.4% |
| Net income | — | -64.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 33.7% | 31.1% | 28.0% | 31.0% |
| Operating margin | 0.2% | 0.3% | -1.5% | -0.7% |
| Net margin | 0.5% | 1.1% | -5.5% | -2.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -140.4 | 24.7 | 10.1 | 292.8 | -2.1 | -1.0 | -2.5 | -15.4 | 358.9 | -30.2 |
| Price to sales | 0.2 | 0.3 | 0.3 | 0.4 | 0.2 | 0.2 | 0.1 | 0.1 | 0.6 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | FY2006 | FY2005 | FY2004 | FY2003 | FY2002 | FY2001 | FY2000 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 5.00 | 50.00 | 100.00 | 50.00 | 100.00 | 100.00 | 100.00 | 140.00 |
- 10-to-1 reverse split · 28 Jun 2016
- 1.1-for-1 split · 25 Sept 1996
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.