M 
434
+0.23%
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
¥36.89bn
FY2017FY2026
Net income
¥2.75bn
FY2017FY2026
Free cash flow
¥1.32bn
FY2017FY2026
Shareholders' equity
¥12.38bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥36.89bn | ¥29.80bn | ¥20.56bn | ¥15.25bn | ¥11.16bn | ¥10.18bn | ¥9.91bn | ¥10.64bn | ¥14.48bn | ¥7.50bn |
| Gross profit | ¥7.41bn | ¥5.70bn | ¥4.55bn | ¥3.08bn | ¥2.27bn | ¥2.03bn | ¥1.55bn | ¥1.53bn | ¥3.75bn | ¥1.58bn |
| Research and development | — | — | — | ¥0 | ¥0 | ¥0 | ¥0 | — | — | — |
| Operating income | ¥4.71bn | ¥3.37bn | ¥2.34bn | ¥1.54bn | ¥1.25bn | ¥982.8m | ¥551.8m | ¥448.4m | ¥2.75bn | ¥676.0m |
| Net income | ¥2.75bn | ¥1.89bn | ¥1.38bn | ¥637.9m | ¥640.2m | ¥825.3m | ¥306.0m | ¥138.1m | ¥1.68bn | ¥747.3m |
| Diluted earnings per share | 89.97 | 64.19 | 46.64 | 21.63 | 27.11 | 34.95 | 12.96 | 5.85 | 71.70 | 30.33 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥35.57bn | ¥29.10bn | ¥28.10bn | ¥22.48bn | ¥13.99bn | ¥11.61bn | ¥11.45bn | ¥11.52bn | ¥10.31bn | ¥8.50bn |
| Cash and short-term investments | ¥9.99bn | ¥5.09bn | ¥3.11bn | ¥3.66bn | ¥3.53bn | ¥3.40bn | ¥2.34bn | — | — | — |
| Total liabilities | ¥23.19bn | ¥19.57bn | ¥20.11bn | ¥15.47bn | ¥8.46bn | ¥6.52bn | ¥7.08bn | ¥7.33bn | ¥6.06bn | ¥5.45bn |
| Debt | ¥19.39bn | ¥15.93bn | ¥16.91bn | ¥12.90bn | ¥7.13bn | ¥5.59bn | ¥5.96bn | ¥6.27bn | ¥4.87bn | ¥4.70bn |
| Shareholders' equity | ¥12.38bn | ¥9.53bn | ¥7.99bn | ¥7.01bn | ¥5.53bn | ¥5.07bn | ¥4.36bn | ¥4.18bn | ¥4.24bn | ¥3.03bn |
| Shares outstanding | 31m | 29m | 29m | 29m | 24m | 24m | 24m | 24m | 23m | 25m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.61bn | ¥2.89bn | −¥4.56bn | −¥5.67bn | −¥1.89bn | ¥1.45bn | ¥1.10bn | −¥1.54bn | ¥2.30bn | −¥1.47bn |
| Capital spending | −¥293.7m | −¥62.4m | −¥65.9m | −¥23.4m | −¥68.1m | −¥1.4m | −¥1.4m | −¥1.0m | −¥4.0m | −¥4.0m |
| Free cash flow | ¥1.32bn | ¥2.83bn | −¥4.62bn | −¥5.69bn | −¥1.96bn | ¥1.45bn | ¥1.10bn | −¥1.54bn | ¥2.29bn | −¥1.47bn |
| Dividends paid | −¥390.2m | −¥351.6m | −¥402.4m | −¥188.9m | −¥188.9m | −¥118.1m | −¥118.1m | −¥188.0m | −¥188.0m | −¥188.0m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥13.42bn | ¥8.61bn | ¥9.94bn | ¥4.92bn | ¥9.95bn | ¥8.09bn | ¥4.56bn | ¥7.19bn |
| Gross profit | ¥2.96bn | ¥1.74bn | ¥1.78bn | ¥928.1m | ¥1.97bn | ¥1.58bn | ¥842.6m | ¥1.30bn |
| Operating income | ¥2.04bn | ¥1.23bn | ¥1.03bn | ¥413.6m | ¥1.29bn | ¥1.04bn | ¥316.3m | ¥737.4m |
| Net income | ¥1.18bn | ¥709.4m | ¥744.7m | ¥115.1m | ¥844.1m | ¥589.2m | ¥75.7m | ¥384.7m |
| Diluted earnings per share | 38.54 | 23.25 | 24.40 | 3.90 | 28.62 | 19.98 | 2.57 | 13.04 |
| Total assets | ¥35.57bn | ¥31.96bn | ¥31.71bn | ¥31.52bn | ¥29.10bn | ¥28.91bn | ¥27.99bn | ¥26.79bn |
| Cash and short-term investments | ¥9.99bn | ¥6.56bn | ¥6.08bn | ¥4.93bn | ¥5.09bn | ¥2.79bn | ¥1.97bn | ¥3.29bn |
| Debt | ¥6.69bn | ¥8.90bn | ¥17.58bn | ¥9.99bn | ¥15.92bn | ¥7.67bn | ¥17.08bn | ¥6.68bn |
| Shareholders' equity | ¥12.38bn | ¥11.20bn | ¥10.67bn | ¥9.93bn | ¥9.53bn | ¥8.68bn | ¥8.25bn | ¥8.18bn |
Financial ratios
Data as of 1 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 20.1% | 19.1% | 22.1% | 20.2% | 20.3% | 20.0% | — |
| Operating margin | 12.4% | 11.3% | 11.4% | 10.1% | 11.2% | 9.7% | — |
| Net margin | 7.4% | 6.4% | 6.7% | 4.2% | 5.7% | 8.1% | — |
| Return on equity | 22.2% | 19.9% | 17.2% | 9.1% | 11.6% | 16.3% | — |
| Return on assets | 7.7% | 6.5% | 4.9% | 2.8% | 4.6% | 7.1% | — |
| Free cash flow yield | 12.5% | 20.0% | -30.4% | -38.2% | -15.4% | 12.3% | — |
| Revenue growth | 23.8% | 44.9% | 34.9% | 36.6% | 9.6% | 2.8% | — |
| Earnings growth | 45.0% | 37.6% | 115.6% | -0.4% | -22.4% | 169.7% | — |
| Current ratio | 1.58x | 2.14x | 2.38x | 2.27x | 3.23x | 4.76x | — |
| Debt to equity | 0.54x | 1.67x | 2.12x | 1.84x | 1.29x | 1.10x | — |
| Equity ratio | 34.8% | 32.7% | 28.4% | 31.2% | 39.5% | 43.7% | — |
| Interest coverage | 6.76x | 6.08x | 6.22x | 5.67x | 7.89x | 7.86x | — |
| R&D as a share of sales | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -3.5% | 0.0% | -0.0% | -24.9% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 34.3% | 29.4% | 20.4% |
| Operating income | 45.2% | 36.8% | 26.2% |
| Net income | 62.7% | 27.2% | 24.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.7% | 20.2% | 20.2% | 20.2% |
| Operating margin | 12.1% | 11.7% | 11.5% | 11.1% |
| Net margin | 7.0% | 6.5% | 6.6% | 6.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 4.9 | 6.8 | 6.5 | 11.4 | 6.7 | 5.3 | 15.1 | 41.7 | 3.4 | 14.4 |
| Price to sales | 0.4 | 0.4 | 0.4 | 0.5 | 0.4 | 0.4 | 0.5 | 0.5 | 0.4 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 29 Jan 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 6.50 | 18.50 | 13.50 | 8.00 | 8.00 | 5.00 | 5.00 | 3.00 |
- 2-for-1 split · 26 Jul 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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