U 
85
+2.41%
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, before interest expense
¥9.39bn
FY2017FY2026
Net income
−¥4.00bn
FY2017FY2026
Total assets
¥26.88bn
FY2017FY2026
Shareholders' equity
¥2.86bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | ¥9.39bn | ¥9.49bn | ¥5.31bn | ¥4.64bn | ¥5.15bn | ¥6.90bn | ¥4.70bn | ¥3.54bn | ¥4.07bn | ¥4.02bn |
| Research and development | — | — | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | — | — | — |
| Operating income | −¥3.43bn | ¥187.2m | −¥149.6m | −¥243.5m | −¥587.0m | −¥1.37bn | ¥27.5m | −¥327.7m | −¥38.2m | −¥34.9m |
| Net income | −¥4.00bn | ¥236.7m | ¥390.9m | −¥369.8m | −¥1.71bn | −¥996.1m | ¥737.9m | −¥310.6m | −¥41.8m | −¥1.05bn |
| Diluted earnings per share | -247.73 | 19.61 | 39.02 | -12.30 | -60.68 | -45.78 | 38.26 | -20.12 | -0.59 | -23.33 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥26.88bn | ¥7.39bn | ¥5.83bn | ¥9.44bn | ¥10.03bn | ¥9.76bn | ¥2.2m | ¥18.44bn | ¥23.48bn | ¥23.99bn |
| Cash and short-term investments | ¥6.40bn | ¥3.28bn | ¥2.39bn | ¥2.74bn | ¥2.34bn | ¥2.33bn | ¥1.95bn | — | — | — |
| Total liabilities | ¥23.58bn | ¥1.64bn | ¥256.6m | ¥4.79bn | ¥5.06bn | ¥4.26bn | ¥21.2m | ¥12.98bn | ¥17.71bn | ¥18.18bn |
| Debt | ¥330.0m | — | ¥259.8m | ¥5.21bn | ¥5.59bn | ¥4.27bn | ¥2.8m | — | ¥13.0m | ¥27.0m |
| Shareholders' equity | ¥2.86bn | ¥5.53bn | ¥5.57bn | ¥4.65bn | ¥4.97bn | ¥5.50bn | ¥19.64bn | ¥5.46bn | ¥5.78bn | ¥5.82bn |
| Shares outstanding | 16m | 12m | 10m | 30m | 28m | 22m | 19m | 15m | 71m | 45m |
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 | ¥2.31bn | ¥1.51bn | ¥3.77bn | ¥1.50bn | ¥2.62bn | ¥2.70bn | ¥3.31bn | ¥1.76bn |
| Operating income | −¥309.0m | −¥2.09bn | −¥945.0m | ¥121.3m | ¥122.0m | ¥62.9m | ¥86.0m | ¥51.2m |
| Net income | −¥179.0m | −¥1.56bn | −¥1.28bn | ¥117.6m | −¥1.28bn | ¥52.9m | ¥59.0m | −¥5.0m |
| Diluted earnings per share | -11.09 | -96.66 | -105.87 | 9.74 | -105.78 | 4.38 | 5.89 | -0.50 |
| Total assets | ¥26.36bn | ¥26.88bn | ¥36.77bn | ¥35.36bn | ¥12.03bn | ¥7.39bn | ¥5.97bn | ¥6.48bn |
| Cash and short-term investments | ¥3.30bn | ¥6.40bn | ¥3.80bn | ¥3.68bn | ¥3.58bn | ¥3.28bn | ¥1.49bn | ¥2.64bn |
| Debt | ¥330.0m | ¥330.0m | ¥102.0m | ¥102.0m | — | — | — | — |
| Shareholders' equity | ¥4.22bn | ¥2.86bn | ¥4.32bn | ¥4.92bn | ¥4.30bn | ¥5.53bn | ¥5.49bn | ¥5.45bn |
Financial ratios
Data as of 15 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -40.2% | 3.2% | -1.4% | -6.6% | -33.1% | -16.9% | — | — |
| Net margin | -42.6% | 2.5% | 7.4% | -8.0% | -33.1% | -14.4% | — | — |
| Return on equity | -140.0% | 4.3% | 7.0% | -7.9% | -34.3% | -18.1% | — | — |
| Return on assets | -14.9% | 3.2% | 6.7% | -3.9% | -17.0% | -10.2% | — | — |
| Revenue growth | -1.0% | 78.7% | 14.5% | -10.0% | -25.3% | 46.8% | — | — |
| Earnings growth | -1788.7% | -39.4% | -205.7% | -78.3% | 71.4% | -235.0% | — | — |
| Current ratio | 67.37x | 4.25x | 34.06x | 1.72x | 1.62x | 1.74x | — | — |
| Debt to equity | 0.12x | — | — | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 10.6% | 74.8% | 95.6% | 49.3% | 49.6% | 56.3% | — | — |
| Interest coverage | -1258.67x | — | -249.98x | -1890.36x | -1706967.00x | -106301.45x | 16440.10x | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Buybacks as a share of market value | -33.7% | -20.5% | 66.7% | -6.9% | -29.3% | -12.8% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 26.5% | 6.4% | 6.8% |
| Operating income | 141.5% | 20.1% | 11.6% |
| Net income | 121.1% | 32.0% | 14.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -17.2% | -12.6% | -13.7% | -11.4% |
| Net margin | -19.9% | -13.0% | -15.8% | -13.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.4 | 16.8 | 8.4 | -21.0 | -6.0 | -7.8 | 12.8 | -31.8 | -797.0 | -24.8 |
| Price to sales | 0.2 | 0.4 | 0.6 | 1.7 | 2.0 | 1.1 | 2.0 | 2.8 | 8.2 | 6.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 Mar 2020.
| FY2021 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 15.00 | 60.00 | 60.00 | 60.00 | 60.00 | 60.00 | 30.00 | 30.00 |
- 3-to-1 reverse split · 27 Sept 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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