L 
240
+2.13%
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
¥18.60bn
FY2016FY2025
Net income
−¥358.4m
FY2016FY2025
Free cash flow
¥550.3m
FY2016FY2025
Shareholders' equity
¥16.07bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥18.60bn | ¥9.98bn | ¥4.49bn | ¥4.65bn | ¥4.59bn | ¥4.54bn | ¥4.64bn | ¥4.52bn | ¥4.69bn | ¥4.60bn |
| Gross profit | ¥8.80bn | ¥4.40bn | ¥1.64bn | ¥1.59bn | ¥1.81bn | ¥1.80bn | ¥1.99bn | ¥1.97bn | ¥2.00bn | ¥1.75bn |
| Research and development | — | ¥26.0m | ¥23.0m | ¥2.0m | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
| Operating income | ¥635.0m | −¥1.21bn | ¥855.8m | ¥305.9m | ¥767.1m | ¥818.1m | ¥1.04bn | ¥1.05bn | −¥2.30bn | ¥930.6m |
| Net income | −¥358.4m | −¥2.10bn | ¥349.5m | ¥266.9m | ¥315.7m | ¥417.0m | ¥407.2m | ¥454.8m | ¥496.1m | ¥390.6m |
| Diluted earnings per share | -18.06 | -105.77 | 17.61 | 13.45 | 15.86 | 20.86 | 16.87 | 18.58 | 19.77 | 15.57 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥56.41bn | ¥52.03bn | ¥53.88bn | ¥54.21bn | ¥53.59bn | ¥54.93bn | ¥55.17bn | ¥54.93bn | ¥53.70bn | ¥52.29bn |
| Cash and short-term investments | ¥7.55bn | ¥6.07bn | ¥10.71bn | ¥10.87bn | ¥9.56bn | ¥10.50bn | ¥10.70bn | ¥10.42bn | ¥10.79bn | ¥9.23bn |
| Total liabilities | ¥40.34bn | ¥35.53bn | ¥35.16bn | ¥35.75bn | ¥35.35bn | ¥36.92bn | ¥36.15bn | ¥35.63bn | ¥34.78bn | ¥33.85bn |
| Debt | ¥33.44bn | ¥29.67bn | ¥29.80bn | ¥31.71bn | ¥31.81bn | ¥33.50bn | ¥32.27bn | ¥31.83bn | ¥30.68bn | ¥30.04bn |
| Shareholders' equity | ¥16.07bn | ¥16.50bn | ¥18.72bn | ¥18.46bn | ¥18.25bn | ¥18.01bn | ¥19.03bn | ¥19.30bn | ¥18.92bn | ¥18.44bn |
| Shares outstanding | 20m | 20m | 20m | 20m | 20m | 20m | 24m | 24m | 25m | 25m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥3.04bn | −¥2.64bn | −¥7.8m | ¥814.9m | ¥971.9m | ¥936.0m | ¥1.69bn | ¥812.5m | ¥1.36bn | ¥1.14bn |
| Capital spending | −¥2.49bn | −¥2.16bn | −¥1.67bn | −¥1.03bn | −¥1.02bn | −¥772.4m | −¥1.21bn | −¥1.78bn | −¥255.9m | −¥1.83bn |
| Free cash flow | ¥550.3m | −¥4.81bn | −¥1.67bn | −¥216.9m | −¥44.9m | ¥163.6m | ¥485.8m | −¥963.9m | ¥1.11bn | −¥694.8m |
| Dividends paid | −¥119.0m | −¥119.5m | −¥119.2m | −¥119.1m | −¥120.0m | −¥144.7m | −¥150.7m | −¥150.1m | −¥150.4m | −¥150.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.73bn | ¥11.89bn | ¥3.06bn | ¥5.75bn | ¥3.11bn | ¥6.41bn | ¥3.33bn | ¥3.13bn |
| Gross profit | ¥2.26bn | ¥5.65bn | ¥1.26bn | ¥2.62bn | ¥1.54bn | ¥2.92bn | ¥1.72bn | ¥1.30bn |
| Operating income | ¥297.0m | ¥3.97bn | −¥505.0m | ¥641.3m | −¥538.7m | ¥906.9m | −¥374.0m | −¥694.0m |
| Net income | ¥1.13bn | ¥897.7m | −¥279.3m | ¥47.5m | −¥529.4m | ¥511.4m | −¥387.0m | −¥1.77bn |
| Diluted earnings per share | 57.09 | 45.23 | -14.07 | 2.39 | -26.67 | 25.77 | -19.50 | -88.98 |
| Cash from operations | — | — | — | ¥3.04bn | — | — | — | — |
| Capital spending | — | — | — | −¥2.49bn | — | — | — | — |
| Free cash flow | — | — | — | ¥550.0m | — | — | — | — |
| Total assets | ¥55.75bn | ¥56.80bn | ¥55.34bn | ¥56.41bn | ¥54.86bn | ¥54.78bn | ¥55.51bn | ¥52.03bn |
| Cash and short-term investments | ¥9.73bn | ¥9.91bn | ¥5.31bn | ¥7.55bn | ¥4.62bn | ¥7.21bn | ¥5.87bn | ¥6.07bn |
| Debt | ¥4.88bn | ¥30.68bn | ¥4.74bn | ¥33.36bn | ¥4.81bn | ¥32.42bn | ¥4.94bn | ¥3.88bn |
| Shareholders' equity | ¥17.75bn | ¥16.60bn | ¥15.69bn | ¥16.07bn | ¥16.01bn | ¥16.54bn | ¥16.00bn | ¥16.50bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 47.3% | 44.1% | 36.6% | 34.3% | 39.3% | 39.7% | — |
| Operating margin | 2.9% | -12.1% | 19.1% | 6.6% | 19.0% | 16.9% | — |
| Net margin | -1.9% | -21.0% | 7.8% | 5.7% | 6.9% | 9.2% | — |
| Return on equity | -2.2% | -12.7% | 1.9% | 1.4% | 1.7% | 2.3% | — |
| Return on assets | -0.6% | -4.0% | 0.6% | 0.5% | 0.6% | 0.8% | — |
| Free cash flow yield | 108.9% | -9.5% | 32.7% | 36.3% | 39.0% | 33.4% | — |
| Revenue growth | 86.5% | 122.2% | -3.3% | 1.2% | 1.0% | -2.1% | — |
| Earnings growth | -82.9% | -700.6% | 30.9% | -15.5% | -24.3% | 2.4% | — |
| Current ratio | 5.32x | 6.32x | 2.88x | 3.25x | 3.32x | 3.09x | — |
| Debt to equity | 2.08x | 1.80x | 1.59x | 1.71x | 1.74x | 1.86x | — |
| Equity ratio | 28.5% | 31.7% | 34.7% | 34.1% | 34.1% | 32.8% | — |
| Interest coverage | 1.13x | -3.32x | 2.21x | 0.75x | 1.99x | 1.72x | — |
| R&D as a share of sales | — | 0.3% | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.3% | 0.4% | 17.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 58.8% | 32.6% | 15.6% |
| Operating income | 27.6% | -4.9% | -4.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 46.2% | 43.6% | 42.8% | 42.4% |
| Operating margin | -2.0% | 1.6% | 4.6% | 5.6% |
| Net margin | -8.6% | -4.9% | -2.4% | 1.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -13.4 | -1.9 | 15.0 | 16.5 | 17.2 | 15.6 | 43.6 | 40.6 | 16.1 | 17.5 |
| Price to sales | 0.3 | 0.4 | 1.2 | 0.9 | 1.2 | 1.4 | 3.8 | 4.1 | 1.7 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 20 years. Last went ex-dividend on 29 Sept 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 |
- 100-for-1 split · 27 Mar 2013
- 2-for-1 split · 27 Mar 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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