G 
215
+3.86%
Close of 9 Nov 2026, in JPY
Search any instrument
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
¥1.08bn
FY2019FY2025
Net income
¥127.3m
FY2019FY2025
Free cash flow
−¥198.1m
FY2019FY2025
Shareholders' equity
¥2.11bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | ¥1.08bn | ¥1.00bn | ¥897.4m | ¥585.2m | ¥502.6m | ¥334.3m | ¥202.0m |
| Gross profit | ¥642.5m | ¥441.8m | ¥419.3m | ¥329.7m | ¥311.1m | ¥185.6m | ¥24.5m |
| Research and development | ¥310.7m | ¥258.0m | ¥211.0m | ¥189.0m | ¥170.0m | ¥109.3m | ¥166.7m |
| Operating income | −¥4.2m | −¥148.8m | −¥106.7m | −¥99.1m | −¥63.0m | −¥114.5m | −¥280.8m |
| Net income | ¥127.3m | −¥133.9m | −¥112.2m | −¥234.3m | −¥74.1m | −¥116.4m | −¥289.3m |
| Diluted earnings per share | 11.21 | -11.86 | -9.95 | -20.87 | -6.53 | -10.25 | -25.47 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | ¥2.97bn | ¥2.74bn | ¥2.67bn | ¥3.38bn | ¥1.13bn | ¥574.5m | ¥819.7m |
| Cash and short-term investments | ¥2.06bn | ¥2.27bn | ¥2.40bn | ¥2.74bn | ¥844.5m | ¥456.3m | ¥648.7m |
| Total liabilities | ¥861.4m | ¥761.2m | ¥561.6m | ¥1.17bn | ¥325.2m | ¥249.6m | ¥378.6m |
| Debt | ¥146.8m | ¥156.6m | ¥206.1m | ¥195.6m | ¥205.6m | ¥118.9m | ¥132.2m |
| Shareholders' equity | ¥2.11bn | ¥1.98bn | ¥2.11bn | ¥2.22bn | ¥800.7m | ¥324.8m | ¥441.1m |
| Shares outstanding | 11m | 11m | 11m | 11m | 11m | 11m | 11m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −¥49.4m | ¥3.4m | −¥321.2m | ¥337.6m | −¥205.2m | −¥171.2m | −¥124.3m |
| Capital spending | −¥148.7m | −¥81.1m | −¥13.4m | −¥53.9m | −¥40.9m | −¥23.3m | −¥11.2m |
| Free cash flow | −¥198.1m | −¥77.7m | −¥334.6m | ¥283.7m | −¥246.0m | −¥194.5m | −¥135.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥34.5m | ¥176.2m | ¥63.8m | ¥767.9m | ¥68.0m | ¥197.5m | ¥42.0m | ¥831.0m |
| Gross profit | −¥92,000 | ¥116.7m | ¥49.5m | ¥415.4m | ¥61.0m | ¥145.8m | ¥21.0m | ¥381.0m |
| Operating income | −¥196.6m | −¥61.0m | −¥125.7m | ¥238.7m | −¥109.0m | −¥12.6m | −¥121.0m | ¥216.0m |
| Net income | −¥199.3m | −¥67.1m | −¥125.1m | ¥377.0m | −¥115.0m | −¥12.5m | −¥121.0m | ¥234.0m |
| Diluted earnings per share | -17.55 | -5.91 | -11.02 | 33.20 | -10.13 | -1.10 | -10.72 | 20.72 |
| Cash from operations | — | — | — | −¥49.0m | — | — | — | — |
| Capital spending | — | — | — | −¥148.0m | — | — | — | — |
| Free cash flow | — | — | — | −¥197.0m | — | — | — | — |
| Total assets | ¥3.38bn | ¥3.21bn | ¥3.28bn | ¥2.97bn | ¥2.91bn | ¥2.89bn | ¥2.62bn | ¥2.74bn |
| Cash and short-term investments | ¥1.74bn | ¥1.65bn | ¥2.44bn | ¥2.06bn | ¥1.96bn | ¥1.99bn | ¥2.16bn | ¥2.27bn |
| Debt | ¥9.9m | ¥37.9m | ¥112.4m | ¥144.4m | ¥112.0m | ¥147.7m | ¥12.0m | ¥12.8m |
| Shareholders' equity | ¥1.71bn | ¥1.91bn | ¥1.98bn | ¥2.11bn | ¥1.73bn | ¥1.84bn | ¥1.85bn | ¥1.98bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 59.7% | 44.1% | 46.7% | 56.4% | 61.9% | 55.5% |
| Operating margin | 14.7% | -12.9% | -11.9% | -38.1% | -12.5% | -33.7% |
| Net margin | 11.8% | -13.4% | -12.5% | -40.0% | -14.8% | -34.8% |
| Return on equity | 6.0% | -6.8% | -5.3% | -10.6% | -9.3% | -35.8% |
| Return on assets | 4.3% | -4.9% | -4.2% | -6.9% | -6.6% | -20.3% |
| Free cash flow yield | 3.2% | 2.8% | -10.1% | 12.9% | — | — |
| Revenue growth | 7.3% | 11.7% | 53.4% | 16.4% | 50.3% | 65.5% |
| Earnings growth | -195.1% | 19.3% | -52.1% | 216.1% | -36.3% | -59.8% |
| Current ratio | 3.34x | 4.33x | 6.66x | 3.47x | 8.22x | 3.56x |
| Debt to equity | 0.07x | 0.08x | 0.09x | 0.09x | 0.26x | 0.35x |
| Equity ratio | 71.0% | 72.2% | 79.0% | 65.5% | 71.1% | 56.5% |
| Interest coverage | 110.39x | -64.49x | -73.90x | -256.27x | -77.74x | -93.03x |
| R&D as a share of sales | 28.9% | 25.7% | 23.5% | 32.3% | 33.8% | 32.7% |
| Buybacks as a share of market value | -0.6% | -0.1% | -0.4% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.5% | 26.3% | — |
| Operating income | -65.1% | -48.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 52.2% | 51.5% | 53.0% | — |
| Operating margin | -7.4% | -10.1% | -12.2% | — |
| Net margin | -0.3% | -9.9% | -12.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 33.8 | -37.4 | -64.9 | -21.0 | -283.4 |
| Price to sales | 4.0 | 5.0 | 8.1 | 8.4 | 41.8 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.