C 
962
+0.21%
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
¥1.92bn
FY2019FY2025
Net income
¥46.9m
FY2019FY2025
Free cash flow
—
FY2019FY2025
Shareholders' equity
¥274.4m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | ¥1.92bn | ¥1.76bn | ¥1.55bn | ¥1.34bn | ¥1.17bn | ¥965.4m | ¥806.1m |
| Gross profit | ¥720.7m | ¥668.2m | ¥555.4m | ¥465.7m | ¥401.5m | ¥332.1m | ¥275.0m |
| Operating income | ¥51.0m | ¥7.8m | ¥22.7m | ¥33.6m | −¥1.2m | −¥120.2m | −¥211.4m |
| Net income | ¥46.9m | ¥5.7m | ¥21.1m | ¥9.7m | ¥3.1m | −¥120.5m | −¥210.8m |
| Diluted earnings per share | 24.73 | 3.00 | 11.07 | 5.14 | 1.62 | -64.33 | -112.53 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | ¥703.8m | ¥538.7m | ¥486.9m | ¥653.8m | ¥476.1m | ¥255.8m | ¥283.0m |
| Cash and short-term investments | ¥351.2m | ¥324.4m | ¥349.5m | ¥327.9m | ¥169.8m | ¥169.2m | ¥155.0m |
| Total liabilities | ¥429.4m | ¥293.3m | ¥247.2m | ¥435.1m | ¥423.8m | ¥206.5m | ¥113.0m |
| Debt | ¥212.3m | ¥80.8m | ¥70.0m | ¥70.0m | ¥70.0m | ¥70.0m | −¥589,000 |
| Shareholders' equity | ¥274.4m | ¥245.4m | ¥239.7m | ¥218.7m | ¥52.4m | ¥49.3m | ¥169.0m |
| Shares outstanding | 2m | 2m | 2m | 2m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | ¥45.7m | ¥27.4m | ¥29.7m | ¥35.8m | ¥6.0m | −¥53.6m | −¥231.1m |
| Capital spending | −¥45.7m | −¥17.3m | −¥8.1m | −¥17.7m | −¥5.4m | −¥3.4m | −¥1.5m |
| Free cash flow | — | ¥10.2m | ¥21.6m | ¥18.1m | ¥595,000 | −¥57.0m | −¥232.6m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥562.5m | ¥527.6m | ¥506.1m | ¥545.5m | ¥478.3m | ¥465.0m | ¥433.2m | ¥461.0m |
| Gross profit | ¥204.9m | ¥192.5m | ¥188.2m | ¥205.4m | ¥177.1m | ¥175.5m | ¥162.7m | ¥175.1m |
| Operating income | ¥6.4m | −¥9.4m | ¥2.6m | ¥28.2m | ¥9.6m | ¥10.2m | ¥3.1m | ¥20.6m |
| Net income | ¥4.0m | −¥5.8m | ¥513,000 | ¥37.8m | −¥663,000 | ¥7.8m | ¥2.0m | ¥17.6m |
| Diluted earnings per share | 2.12 | -3.12 | 0.27 | 19.91 | -0.35 | 4.11 | 1.06 | 9.30 |
| Total assets | ¥740.0m | ¥670.2m | ¥681.2m | ¥703.8m | ¥663.3m | ¥607.5m | ¥515.1m | ¥538.7m |
| Cash and short-term investments | ¥293.8m | ¥287.8m | ¥316.9m | ¥351.2m | ¥325.2m | ¥341.8m | ¥271.9m | ¥324.4m |
| Debt | ¥61.9m | ¥179.3m | ¥52.3m | ¥183.4m | ¥42.6m | ¥159.4m | ¥48.1m | ¥52.3m |
| Shareholders' equity | ¥273.0m | ¥269.0m | ¥274.9m | ¥274.4m | ¥236.0m | ¥251.4m | ¥247.4m | ¥245.4m |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 37.5% | 37.9% | 35.9% | 34.9% | 34.5% | 34.4% |
| Operating margin | 2.7% | 0.4% | 1.5% | 2.5% | -0.1% | -12.4% |
| Net margin | 2.4% | 0.3% | 1.4% | 0.7% | 0.3% | -12.5% |
| Return on equity | 17.1% | 2.3% | 8.8% | 4.4% | 5.9% | -244.5% |
| Return on assets | 6.7% | 1.1% | 4.3% | 1.5% | 0.6% | -47.1% |
| Free cash flow yield | 4.9% | 2.4% | 2.0% | 2.9% | 0.6% | — |
| Revenue growth | 9.1% | 13.8% | 15.9% | 14.6% | 20.7% | 19.8% |
| Earnings growth | 726.8% | -73.1% | 116.8% | 217.1% | -102.5% | -42.8% |
| Current ratio | 1.86x | 1.67x | 2.50x | 2.60x | 1.57x | 1.66x |
| Debt to equity | 0.67x | 0.33x | 0.29x | 0.32x | 1.34x | 1.42x |
| Equity ratio | 39.0% | 45.6% | 49.2% | 33.4% | 11.0% | 19.3% |
| Interest coverage | 21.68x | 3.95x | 20.79x | 84.22x | -3.05x | -496.55x |
| Buybacks as a share of market value | -0.3% | 0.6% | -0.6% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.9% | 14.8% | — |
| Operating income | 14.9% | — | — |
| Net income | 69.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 37.7% | 36.7% | 36.1% | — |
| Operating margin | 1.6% | 1.8% | -0.1% | — |
| Net margin | 1.4% | 1.3% | -0.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 37.1 | 300.3 | 83.4 | 159.8 |
| Price to sales | 0.9 | 1.0 | 1.1 | 1.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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