R 
323
+3.19%
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
¥19.54bn
FY2017FY2026
Net income
¥746.5m
FY2017FY2026
Free cash flow
¥1.03bn
FY2017FY2026
Shareholders' equity
¥6.03bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥19.54bn | ¥18.73bn | ¥12.13bn | ¥10.29bn | ¥10.86bn | ¥10.14bn | ¥10.28bn | ¥10.09bn | ¥7.98bn | ¥6.51bn |
| Gross profit | ¥3.68bn | ¥3.49bn | ¥2.79bn | ¥2.34bn | ¥2.33bn | ¥2.24bn | ¥2.19bn | ¥2.29bn | ¥1.79bn | ¥1.88bn |
| Operating income | ¥1.24bn | ¥1.13bn | ¥568.4m | ¥219.5m | ¥248.9m | ¥219.2m | ¥54.0m | ¥150.3m | −¥175.0m | ¥434.9m |
| Net income | ¥746.5m | ¥661.3m | ¥382.8m | ¥66.9m | ¥139.7m | ¥157.7m | ¥41.9m | ¥122.8m | −¥184.5m | ¥107.0m |
| Diluted earnings per share | 49.37 | 43.74 | 25.32 | 4.43 | 9.24 | 10.43 | 2.77 | 8.12 | -12.18 | 7.09 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥12.94bn | ¥11.09bn | ¥10.33bn | ¥7.31bn | ¥7.18bn | ¥7.17bn | ¥7.51bn | ¥6.69bn | ¥6.95bn | ¥6.10bn |
| Cash and short-term investments | ¥4.11bn | ¥3.08bn | ¥3.06bn | ¥2.25bn | ¥2.91bn | ¥3.02bn | ¥3.16bn | ¥2.81bn | ¥3.00bn | ¥2.75bn |
| Total liabilities | ¥6.89bn | ¥5.71bn | ¥5.52bn | ¥2.87bn | ¥2.74bn | ¥2.88bn | ¥3.33bn | ¥2.53bn | ¥2.88bn | ¥1.79bn |
| Debt | ¥3.21bn | ¥3.10bn | ¥2.60bn | ¥727.0m | ¥369.9m | ¥304.1m | ¥606.2m | ¥261.0m | ¥543.4m | ¥17.1m |
| Shareholders' equity | ¥6.03bn | ¥5.36bn | ¥4.81bn | ¥4.45bn | ¥4.43bn | ¥4.29bn | ¥4.17bn | ¥4.16bn | ¥4.07bn | ¥4.31bn |
| Shares outstanding | 15m | 15m | 15m | 15m | 15m | 15m | 15m | 15m | 15m | 15m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.07bn | −¥322.1m | −¥983.4m | −¥961.7m | −¥67.3m | ¥296.6m | ¥31.8m | ¥73.0m | ¥668.0m | −¥281.0m |
| Capital spending | −¥37.9m | −¥31.3m | −¥33.5m | −¥6.9m | −¥74.4m | −¥13.8m | −¥12.9m | −¥12.0m | −¥6.0m | −¥8.0m |
| Free cash flow | ¥1.03bn | −¥353.4m | −¥1.02bn | −¥968.6m | −¥141.6m | ¥282.8m | ¥18.9m | ¥61.0m | ¥662.0m | −¥289.0m |
| Dividends paid | −¥90.1m | −¥75.2m | −¥45.3m | −¥45.6m | −¥45.1m | −¥45.4m | −¥44.7m | −¥44.0m | −¥45.0m | −¥45.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥7.20bn | ¥6.26bn | ¥3.47bn | ¥3.64bn | ¥6.16bn | ¥4.92bn | ¥4.18bn | ¥4.33bn |
| Gross profit | ¥910.5m | ¥1.44bn | ¥650.3m | ¥788.0m | ¥851.4m | ¥1.21bn | ¥763.0m | ¥837.0m |
| Operating income | ¥252.2m | ¥795.3m | ¥21.8m | ¥183.6m | ¥236.3m | ¥571.8m | ¥136.0m | ¥259.0m |
| Net income | ¥81.9m | ¥611.8m | −¥75.8m | ¥127.4m | ¥83.1m | ¥447.6m | ¥46.0m | ¥156.0m |
| Diluted earnings per share | 5.41 | 40.46 | -5.02 | 8.43 | 5.50 | 29.60 | 3.04 | 10.32 |
| Total assets | ¥13.81bn | ¥12.94bn | ¥12.07bn | ¥11.48bn | ¥13.32bn | ¥11.09bn | ¥11.28bn | ¥9.71bn |
| Cash and short-term investments | ¥5.50bn | ¥4.11bn | ¥4.16bn | ¥4.00bn | ¥4.06bn | ¥3.08bn | ¥3.69bn | ¥3.58bn |
| Debt | ¥4.34bn | ¥3.21bn | ¥3.56bn | ¥3.44bn | ¥5.06bn | ¥3.08bn | ¥3.91bn | ¥2.64bn |
| Shareholders' equity | ¥6.00bn | ¥6.03bn | ¥5.42bn | ¥5.48bn | ¥5.35bn | ¥5.36bn | ¥4.93bn | ¥4.86bn |
Financial ratios
Data as of 9 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 18.8% | 18.7% | 23.0% | 22.8% | 21.5% | 22.1% |
| Operating margin | 6.3% | 5.4% | 4.3% | 1.4% | 1.8% | 2.3% |
| Net margin | 3.8% | 3.5% | 3.2% | 0.7% | 1.3% | 1.6% |
| Return on equity | 12.4% | 12.3% | 8.0% | 1.5% | 3.2% | 3.7% |
| Return on assets | 5.8% | 6.0% | 3.7% | 0.9% | 1.9% | 2.2% |
| Free cash flow yield | 19.4% | -5.1% | -16.7% | -16.8% | 0.1% | 5.4% |
| Revenue growth | 4.3% | 54.4% | 18.0% | -5.3% | 7.1% | -1.3% |
| Earnings growth | 12.9% | 72.8% | 471.8% | -52.1% | -11.4% | 276.0% |
| Current ratio | 1.97x | 1.91x | 1.85x | 2.66x | 2.61x | 2.48x |
| Debt to equity | 0.53x | 0.58x | 0.54x | 0.16x | 0.08x | 0.07x |
| Equity ratio | 46.5% | 48.3% | 46.6% | 60.8% | 61.8% | 59.8% |
| Interest coverage | 29.39x | 82.59x | 121.47x | 33.32x | 46.43x | 73.70x |
| Buybacks as a share of market value | 0.0% | 0.0% | -0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.8% | 14.0% | 12.0% |
| Operating income | 77.9% | 41.4% | — |
| Net income | 123.4% | 36.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.7% | 20.3% | 20.7% | 21.7% |
| Operating margin | 6.2% | 5.2% | 4.4% | 3.2% |
| Net margin | 3.7% | 3.1% | 2.6% | 1.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.8 | 10.3 | 14.2 | 46.8 | 29.9 | 33.5 | 75.3 | 23.4 | -11.5 | 31.0 |
| Price to sales | 0.3 | 0.4 | 0.5 | 0.3 | 0.4 | 0.5 | 0.3 | 0.3 | 0.3 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 13.00 | 5.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
- 1.2-for-1 split · 26 Mar 1996
- 6-for-5 split · 28 Mar 1989
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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