T 
290
+1.05%
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
¥12.09bn
FY2017FY2026
Net income
−¥462.8m
FY2017FY2026
Free cash flow
−¥190.9m
FY2017FY2026
Shareholders' equity
¥2.74bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥12.09bn | ¥11.89bn | ¥11.15bn | ¥9.49bn | ¥4.82bn | ¥5.95bn | ¥14.57bn | ¥15.27bn | ¥15.43bn | ¥15.56bn |
| Gross profit | ¥8.26bn | ¥8.32bn | ¥7.77bn | ¥6.31bn | ¥2.92bn | ¥3.58bn | ¥10.14bn | ¥10.76bn | ¥10.89bn | ¥10.79bn |
| Operating income | −¥120.7m | ¥239.0m | ¥176.9m | −¥1.32bn | −¥3.12bn | −¥5.10bn | −¥301.6m | ¥82.9m | ¥353.6m | ¥83.3m |
| Net income | −¥462.8m | ¥145.5m | ¥27.6m | −¥1.15bn | −¥339.7m | −¥5.17bn | −¥845.8m | ¥20.6m | ¥141.4m | −¥270.6m |
| Diluted earnings per share | -11.56 | 3.63 | 0.74 | -33.71 | -11.34 | -187.70 | -32.34 | 0.79 | 5.40 | -10.39 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥6.79bn | ¥7.54bn | ¥8.20bn | ¥7.55bn | ¥7.43bn | ¥6.59bn | ¥8.33bn | ¥9.11bn | ¥9.63bn | ¥9.44bn |
| Cash and short-term investments | ¥2.57bn | ¥3.30bn | ¥3.93bn | ¥3.40bn | ¥3.17bn | ¥1.52bn | ¥1.45bn | ¥1.52bn | ¥1.82bn | ¥1.75bn |
| Total liabilities | ¥4.05bn | ¥4.65bn | ¥5.46bn | ¥5.80bn | ¥5.46bn | ¥5.85bn | ¥3.93bn | ¥3.86bn | ¥4.38bn | ¥4.43bn |
| Debt | ¥1.53bn | ¥2.20bn | ¥2.88bn | ¥3.22bn | ¥3.37bn | ¥2.82bn | ¥1.33bn | ¥1.18bn | ¥1.63bn | ¥1.75bn |
| Shareholders' equity | ¥2.74bn | ¥2.89bn | ¥2.74bn | ¥1.75bn | ¥1.98bn | ¥738.6m | ¥4.41bn | ¥5.25bn | ¥5.25bn | ¥5.01bn |
| Shares outstanding | 40m | 40m | 37m | 34m | 30m | 28m | 26m | 26m | 26m | 26m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥49.1m | ¥293.9m | ¥297.4m | −¥313.7m | −¥903.0m | −¥3.52bn | ¥161.9m | ¥622.9m | ¥848.0m | ¥323.0m |
| Capital spending | −¥240.0m | −¥135.7m | −¥190.4m | −¥226.9m | −¥94.4m | −¥579.5m | −¥349.6m | −¥397.0m | −¥369.4m | −¥449.0m |
| Free cash flow | −¥190.9m | ¥158.1m | ¥107.0m | −¥540.6m | −¥997.5m | −¥4.10bn | −¥187.7m | ¥225.9m | ¥478.6m | −¥126.0m |
| Dividends paid | −¥60.0m | −¥130.0m | −¥130.0m | −¥116.9m | −¥555.2m | −¥1.88bn | −¥355.8m | −¥119.1m | −¥49.8m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.07bn | ¥3.01bn | ¥3.07bn | ¥2.97bn | ¥3.04bn | ¥2.99bn | ¥3.04bn | ¥2.91bn |
| Gross profit | ¥2.13bn | ¥2.08bn | ¥2.17bn | ¥2.08bn | ¥2.16bn | ¥2.11bn | ¥2.18bn | ¥2.08bn |
| Operating income | −¥75.1m | −¥114.6m | ¥38.9m | −¥51.6m | ¥25.0m | ¥13.8m | ¥122.6m | ¥27.5m |
| Net income | −¥76.9m | −¥416.1m | ¥20.5m | −¥66.4m | −¥811,000 | −¥34.7m | ¥110.8m | ¥10.0m |
| Diluted earnings per share | -1.92 | -10.39 | 0.51 | -1.66 | -0.02 | -0.87 | 2.97 | 0.27 |
| Total assets | ¥6.59bn | ¥6.79bn | ¥7.41bn | ¥7.34bn | ¥7.53bn | ¥7.54bn | ¥7.64bn | ¥7.07bn |
| Cash and short-term investments | ¥2.29bn | ¥2.57bn | ¥2.95bn | ¥3.06bn | ¥3.31bn | ¥3.30bn | ¥3.29bn | ¥2.94bn |
| Debt | ¥1.30bn | ¥1.51bn | ¥1.60bn | ¥1.82bn | ¥1.91bn | ¥2.17bn | ¥1.67bn | ¥2.48bn |
| Shareholders' equity | ¥2.67bn | ¥2.74bn | ¥3.09bn | ¥3.06bn | ¥2.97bn | ¥2.89bn | ¥2.62bn | ¥2.17bn |
Financial ratios
Data as of 3 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 68.3% | 70.0% | 69.7% | 66.5% | 60.5% | 60.1% | — | — | — | — | — | — |
| Operating margin | -3.1% | 2.0% | 1.0% | -13.9% | -64.8% | -85.7% | — | — | — | — | — | — |
| Net margin | -3.8% | 1.2% | 0.2% | -12.1% | -7.0% | -86.8% | — | — | — | — | — | — |
| Return on equity | -16.9% | 5.0% | 1.0% | -65.6% | -17.2% | -699.7% | — | — | — | — | — | — |
| Return on assets | -6.8% | 1.9% | 0.3% | -15.2% | -4.6% | -78.5% | — | — | — | — | — | — |
| Free cash flow yield | 2.5% | 3.7% | 4.5% | -0.9% | -9.3% | -36.9% | — | — | — | — | — | — |
| Revenue growth | 1.7% | 6.6% | 17.5% | 96.7% | -19.0% | -59.1% | — | — | — | — | — | — |
| Earnings growth | -418.1% | 426.3% | -102.4% | 237.7% | -93.4% | 511.1% | — | — | — | — | — | — |
| Current ratio | 1.29x | 1.51x | 1.39x | 1.09x | 1.10x | 0.62x | — | — | — | — | — | — |
| Debt to equity | 0.55x | 0.75x | 1.04x | 1.84x | 1.70x | 3.61x | — | — | — | — | — | — |
| Equity ratio | 40.3% | 38.3% | 33.4% | 23.2% | 26.6% | 11.2% | — | — | — | — | — | — |
| Interest coverage | -11.04x | 5.68x | 2.73x | -30.36x | -82.71x | -132.47x | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Buybacks as a share of market value | 0.0% | -7.2% | -9.7% | -13.6% | -8.8% | -5.3% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.4% | 15.2% | -2.5% |
| Operating income | -55.0% | -52.7% | — |
| Net income | -26.1% | -38.3% | 2.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 69.1% | 68.7% | 67.1% | 68.8% |
| Operating margin | 0.5% | -2.3% | -16.7% | -6.8% |
| Net margin | -1.3% | -3.2% | -12.5% | -6.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -25.0 | 78.7 | 376.7 | -9.1 | -22.0 | -1.6 | -9.7 | — | 72.3 | -47.1 |
| Price to sales | 1.0 | 1.0 | 0.9 | 1.1 | 1.6 | 1.4 | 0.6 | 0.8 | 0.7 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Sept 2006.
| FY2007 | FY2006 | FY2005 | FY2004 | FY2002 | FY2001 | FY2000 | FY1999 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 4.00 | 10.00 | 10.00 | 2.00 | 4.00 | 4.00 | 11.50 | 0.50 |
- 1.2-for-1 split · 28 Mar 1995
- 1.3-for-1 split · 26 Mar 1993
- 1.3-for-1 split · 26 Mar 1992
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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