2,831
+0.04%
Close of 9 Nov 2026, in JPY
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At a glance
Figures in JPY, from our data supplier.
Revenue
¥14.29bn
FY2016FY2025
Net income
¥368.0m
FY2016FY2025
Free cash flow
¥372.0m
FY2016FY2025
Shareholders' equity
¥5.28bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥14.29bn | ¥14.60bn | ¥13.18bn | ¥13.93bn | ¥10.81bn | ¥8.97bn | ¥11.11bn | ¥11.46bn | ¥11.44bn | ¥11.17bn |
| Gross profit | ¥2.00bn | ¥2.02bn | ¥753.4m | ¥1.92bn | ¥1.38bn | ¥754.1m | ¥1.29bn | ¥1.46bn | ¥1.90bn | ¥1.76bn |
| Operating income | ¥524.0m | ¥582.4m | −¥629.8m | ¥452.1m | ¥365.9m | −¥415.6m | ¥72.2m | ¥216.9m | ¥540.0m | ¥414.3m |
| Net income | ¥368.0m | ¥293.6m | −¥580.6m | ¥180.8m | −¥78.3m | −¥328.2m | ¥24.9m | ¥148.3m | ¥393.8m | ¥353.7m |
| Diluted earnings per share | 167.65 | 133.80 | -264.56 | 82.36 | -35.66 | -149.54 | 11.35 | 67.84 | 178.56 | 161.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥20.74bn | ¥22.60bn | ¥22.55bn | ¥23.71bn | ¥23.92bn | ¥21.43bn | ¥20.10bn | ¥15.89bn | ¥14.42bn | ¥13.37bn |
| Cash and short-term investments | ¥3.88bn | ¥5.10bn | ¥4.36bn | ¥4.86bn | ¥3.87bn | ¥2.03bn | ¥1.53bn | ¥1.94bn | ¥1.87bn | ¥1.90bn |
| Total liabilities | ¥13.82bn | ¥16.24bn | ¥16.67bn | ¥17.37bn | ¥17.80bn | ¥16.59bn | ¥14.80bn | ¥10.54bn | ¥9.11bn | ¥8.43bn |
| Debt | ¥10.27bn | ¥11.90bn | ¥12.82bn | ¥13.56bn | ¥14.24bn | ¥13.40bn | ¥10.02bn | ¥6.87bn | ¥5.25bn | ¥5.34bn |
| Shareholders' equity | ¥5.28bn | ¥4.77bn | ¥4.39bn | ¥4.88bn | ¥4.72bn | ¥4.77bn | ¥5.22bn | ¥5.22bn | ¥5.16bn | ¥4.77bn |
| Shares outstanding | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥685.0m | ¥2.23bn | ¥388.4m | ¥2.14bn | ¥1.52bn | −¥726.6m | ¥633.0m | ¥348.0m | ¥1.18bn | ¥910.0m |
| Capital spending | −¥313.0m | −¥810.6m | −¥380.5m | −¥629.1m | −¥482.6m | −¥4.17bn | −¥4.88bn | −¥1.96bn | −¥1.67bn | −¥404.4m |
| Free cash flow | ¥372.0m | ¥1.42bn | ¥7.9m | ¥1.51bn | ¥1.03bn | −¥4.89bn | −¥4.24bn | −¥1.62bn | −¥492.0m | ¥505.6m |
| Dividends paid | −¥21.0m | −¥13,000 | −¥64,000 | −¥142,000 | −¥214,000 | −¥44.2m | −¥44.2m | −¥45.0m | −¥43.0m | −¥43.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥3.50bn | ¥3.32bn | ¥3.29bn | ¥4.35bn | ¥3.37bn | ¥3.27bn | ¥3.30bn | ¥4.75bn |
| Gross profit | −¥402.5m | ¥348.0m | ¥503.0m | ¥1.36bn | −¥215.5m | ¥354.0m | ¥331.0m | ¥1.55bn |
| Operating income | −¥784.9m | −¥59.0m | ¥146.0m | ¥984.5m | −¥573.5m | −¥33.0m | −¥16.0m | ¥1.18bn |
| Net income | −¥410.2m | −¥45.0m | ¥129.0m | ¥612.7m | −¥313.7m | −¥60.0m | −¥7.0m | ¥691.2m |
| Diluted earnings per share | -186.90 | -20.50 | 58.77 | 279.12 | -142.91 | -27.33 | -3.19 | 314.93 |
| Total assets | ¥21.02bn | ¥20.67bn | ¥20.74bn | ¥21.53bn | ¥21.71bn | ¥22.06bn | ¥22.60bn | ¥22.90bn |
| Cash and short-term investments | ¥4.47bn | ¥3.82bn | ¥3.88bn | ¥4.47bn | ¥4.18bn | ¥4.69bn | ¥5.10bn | ¥5.35bn |
| Debt | ¥9.65bn | ¥3.51bn | ¥10.27bn | ¥3.53bn | ¥10.79bn | ¥4.22bn | ¥4.05bn | ¥4.04bn |
| Shareholders' equity | ¥4.68bn | ¥5.15bn | ¥5.28bn | ¥5.08bn | ¥4.46bn | ¥4.71bn | ¥4.77bn | ¥4.76bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 14.0% | 13.8% | 5.7% | 13.7% | 12.8% | 8.4% |
| Operating margin | 3.7% | 4.7% | -3.7% | 3.0% | 3.4% | -3.5% |
| Net margin | 2.6% | 2.0% | -4.4% | 1.3% | -0.7% | -3.7% |
| Return on equity | 7.0% | 6.2% | -13.2% | 3.7% | -1.7% | -6.9% |
| Return on assets | 1.8% | 1.3% | -2.6% | 0.8% | -0.3% | -1.5% |
| Free cash flow yield | 15.9% | 48.6% | 12.3% | 44.2% | 31.9% | 55.0% |
| Revenue growth | -2.2% | 10.8% | -5.4% | 28.9% | 20.5% | -19.3% |
| Earnings growth | 25.3% | -150.6% | -421.2% | -330.9% | -76.2% | -1417.3% |
| Current ratio | 1.36x | 1.27x | 1.29x | 1.41x | 1.53x | 1.18x |
| Debt to equity | 1.95x | 2.49x | 2.92x | 2.78x | 3.02x | 2.81x |
| Equity ratio | 25.4% | 21.1% | 19.5% | 20.6% | 19.7% | 22.3% |
| Interest coverage | 3.80x | 5.22x | -4.08x | 3.26x | 2.90x | -3.17x |
| 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 | 0.8% | 9.8% | 2.4% |
| Operating income | 5.0% | — | 5.6% |
| Net income | 26.7% | — | 4.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.9% | 12.0% | 11.6% | 12.8% |
| Operating margin | 3.8% | 1.7% | 1.2% | 1.8% |
| Net margin | 2.3% | 0.5% | -0.2% | 0.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 19.3 | 21.0 | -9.4 | 28.9 | -66.1 | -15.4 | 220.4 | 33.6 | 12.3 | 12.3 |
| Price to sales | 0.5 | 0.4 | 0.4 | 0.4 | 0.5 | 0.6 | 0.5 | 0.4 | 0.4 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Dec 2024.
| FY2025 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 10.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 |
- 10-to-1 reverse split · 28 Jun 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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