1,199
+2.30%
Close of 9 Nov 2026, in JPY
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At a glance
Figures in JPY, from our data supplier.
Revenue, before interest expense
¥39.13bn
FY2017FY2026
Net income
−¥24.46bn
FY2017FY2026
Total assets
¥2.42trn
FY2017FY2026
Shareholders' equity
¥90.00bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | ¥39.13bn | ¥31.14bn | ¥29.88bn | ¥29.49bn | ¥32.88bn | ¥32.62bn | ¥34.12bn | ¥32.77bn | ¥43.48bn | ¥38.68bn |
| Operating income | −¥28.45bn | ¥6.15bn | ¥4.30bn | ¥4.99bn | ¥3.42bn | ¥3.95bn | ¥5.08bn | ¥6.23bn | ¥15.47bn | ¥10.75bn |
| Net income | −¥24.46bn | ¥4.52bn | ¥3.53bn | ¥4.09bn | ¥1.75bn | ¥2.50bn | ¥2.90bn | ¥4.80bn | ¥11.31bn | ¥8.55bn |
| Diluted earnings per share | -690.14 | 127.55 | 94.58 | 65.40 | 25.81 | 67.60 | 78.68 | 129.84 | 306.44 | 231.88 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥2.42trn | ¥2.38trn | ¥2.41trn | ¥2.39trn | ¥2.57trn | ¥2.55trn | ¥2.33trn | ¥2.30trn | ¥2.33trn | ¥2.25trn |
| Cash and short-term investments | ¥282.49bn | ¥167.71bn | ¥195.49bn | ¥188.35bn | ¥376.58bn | ¥383.66bn | ¥240.66bn | ¥166.07bn | ¥276.68bn | ¥231.15bn |
| Total liabilities | ¥2.33trn | ¥2.29trn | ¥2.29trn | ¥115.89bn | ¥2.44trn | ¥2.42trn | ¥2.20trn | ¥2.17trn | ¥2.17trn | ¥2.10trn |
| Debt | ¥140.30bn | ¥121.49bn | ¥120.39bn | ¥185.57bn | ¥494.09bn | ¥483.81bn | ¥199.61bn | ¥190.52bn | ¥198.22bn | ¥156.14bn |
| Shareholders' equity | ¥90.00bn | ¥90.64bn | ¥118.07bn | ¥117.16bn | ¥124.69bn | ¥134.61bn | ¥129.84bn | ¥135.54bn | ¥156.16bn | ¥151.02bn |
| Shares outstanding | 35m | 35m | 37m | 63m | 68m | 37m | 37m | 37m | 37m | 37m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | ¥6.91bn | ¥10.15bn | ¥9.09bn | ¥9.30bn | ¥9.79bn | ¥10.88bn | ¥8.39bn | ¥8.05bn |
| Operating income | −¥4.79bn | −¥33.35bn | ¥1.08bn | ¥1.82bn | ¥4.26bn | ¥206.0m | ¥3.22bn | ¥3.03bn |
| Net income | −¥3.02bn | −¥27.98bn | ¥396.0m | ¥1.22bn | ¥1.91bn | ¥2.54bn | ¥779.0m | ¥531.0m |
| Diluted earnings per share | -85.16 | -789.58 | 11.17 | 34.48 | 53.79 | 71.82 | 20.87 | 14.23 |
| Total assets | ¥2.42trn | ¥2.42trn | ¥2.43trn | ¥2.40trn | ¥2.40trn | ¥2.38trn | ¥2.43trn | ¥2.41trn |
| Cash and short-term investments | ¥230.46bn | ¥282.49bn | ¥199.36bn | ¥175.41bn | ¥180.88bn | ¥167.71bn | ¥196.78bn | ¥183.81bn |
| Debt | — | ¥73.20bn | — | — | — | ¥40.99bn | — | — |
| Shareholders' equity | ¥85.53bn | ¥90.00bn | ¥87.52bn | ¥92.04bn | ¥92.06bn | ¥90.64bn | ¥94.00bn | ¥98.44bn |
Financial ratios
Data as of 18 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | -72.7% | 19.7% | 14.4% | 16.9% | 10.4% | 12.1% |
| Net margin | -62.5% | 14.5% | 11.8% | 13.9% | 5.3% | 7.6% |
| Return on equity | -27.2% | 5.0% | 3.0% | 3.5% | 1.4% | 1.9% |
| Return on assets | -1.0% | 0.2% | 0.1% | 0.2% | 0.1% | 0.1% |
| Revenue growth | 25.6% | 4.2% | 1.3% | -10.3% | 0.8% | -4.4% |
| Earnings growth | -641.1% | 28.0% | -13.8% | 134.6% | -30.1% | -13.8% |
| Current ratio | 3.86x | 0.08x | 0.09x | 0.14x | 0.27x | 0.30x |
| Debt to equity | 0.81x | 0.45x | 0.25x | 1.58x | 3.96x | 3.59x |
| Equity ratio | 3.7% | 3.8% | 4.9% | 4.9% | 4.9% | 5.3% |
| Interest coverage | -6.09x | 4.42x | 30.27x | 32.01x | 16.86x | 15.18x |
| Buybacks as a share of market value | -0.0% | 5.1% | 40.4% | 7.4% | -83.2% | -0.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.9% | 3.7% | 0.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -31.7% | -10.0% | -2.9% | 11.1% |
| Net margin | -28.4% | -9.5% | -4.1% | 7.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.9 | 8.4 | 6.8 | 9.3 | 21.8 | 8.0 | 8.0 | 6.7 | 2.4 | 6.6 |
| Price to sales | 1.2 | 1.2 | 0.8 | 1.3 | 1.2 | 0.6 | 0.7 | 1.0 | 0.6 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 70.00 | 25.00 | 25.00 | 25.00 | 30.00 | 40.00 | 40.00 | 30.00 |
- 10-to-1 reverse split · 27 Sept 2017
- 21-for-20 split · 26 Mar 1991
- 21-for-20 split · 27 Mar 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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