E 
717
+0.84%
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
¥1.87bn
FY2021FY2025
Net income
¥89.7m
FY2021FY2025
Free cash flow
¥47.1m
FY2021FY2025
Shareholders' equity
¥813.5m
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | ¥1.87bn | ¥1.30bn | ¥814.3m | ¥609.7m | ¥429.9m |
| Gross profit | ¥935.9m | ¥916.7m | ¥581.7m | ¥391.1m | ¥267.5m |
| Operating income | ¥113.5m | ¥216.8m | ¥114.7m | ¥24.8m | −¥76.2m |
| Net income | ¥89.7m | ¥179.6m | ¥106.0m | ¥35.0m | −¥78.5m |
| Diluted earnings per share | 21.78 | 43.87 | 27.31 | 8.68 | -19.48 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Total assets | ¥1.38bn | ¥1.13bn | ¥789.3m | ¥312.8m | ¥271.4m |
| Cash and short-term investments | ¥657.3m | ¥761.0m | ¥590.6m | ¥193.0m | ¥191.4m |
| Total liabilities | ¥570.0m | ¥410.3m | ¥324.9m | ¥273.8m | ¥267.4m |
| Debt | ¥125.5m | ¥116.2m | ¥135.6m | ¥147.7m | ¥177.9m |
| Shareholders' equity | ¥813.5m | ¥720.6m | ¥464.4m | ¥39.0m | ¥4.0m |
| Shares outstanding | 4m | 4m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash from operations | ¥76.8m | ¥158.1m | ¥104.8m | ¥38.3m | −¥75.4m |
| Capital spending | −¥29.7m | −¥11.0m | −¥625,000 | −¥1.1m | −¥2.6m |
| Free cash flow | ¥47.1m | ¥147.1m | ¥104.2m | ¥37.2m | −¥78.0m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥616.6m | ¥669.9m | ¥479.2m | ¥576.5m | ¥440.8m | ¥445.0m | ¥410.6m | ¥422.2m |
| Gross profit | ¥57.5m | ¥144.0m | −¥109.8m | ¥95.9m | −¥11.7m | ¥31.1m | −¥1.8m | ¥121.6m |
| Operating income | ¥57.5m | ¥144.0m | −¥109.8m | ¥95.9m | −¥11.7m | ¥31.1m | −¥1.8m | ¥121.6m |
| Net income | ¥22.8m | ¥110.1m | −¥84.5m | ¥75.2m | −¥23.8m | ¥19.1m | ¥19.1m | ¥107.1m |
| Diluted earnings per share | 5.65 | 27.31 | -20.96 | 18.27 | -5.79 | 4.65 | 4.65 | 26.16 |
| Cash from operations | — | −¥6.0m | −¥6.0m | ¥26.0m | ¥26.0m | ¥12.0m | ¥12.0m | — |
| Capital spending | — | −¥5.0m | −¥5.0m | −¥12.0m | −¥12.0m | −¥3.0m | −¥3.0m | — |
| Free cash flow | — | −¥11.0m | −¥11.0m | ¥14.0m | ¥14.0m | ¥9.0m | ¥9.0m | — |
| Total assets | ¥2.04bn | ¥1.52bn | ¥1.31bn | ¥1.38bn | ¥1.16bn | ¥1.21bn | ¥1.12bn | ¥1.13bn |
| Cash and short-term investments | ¥915.5m | ¥687.2m | ¥626.1m | ¥657.3m | ¥559.2m | ¥766.2m | ¥785.4m | ¥761.0m |
| Debt | ¥551.1m | ¥339.6m | ¥127.8m | ¥125.5m | ¥23.0m | ¥103.6m | ¥25.3m | ¥25.3m |
| Shareholders' equity | ¥797.2m | ¥788.2m | ¥733.7m | ¥813.5m | ¥737.9m | ¥758.3m | ¥738.2m | ¥720.6m |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Gross margin | 50.0% | 70.4% | 71.4% | 64.1% | 62.2% |
| Operating margin | 6.1% | 16.7% | 14.1% | 4.1% | -17.7% |
| Net margin | 4.8% | 13.8% | 13.0% | 5.7% | -18.3% |
| Return on equity | 11.0% | 24.9% | 22.8% | 89.8% | -1970.2% |
| Return on assets | 6.5% | 15.9% | 13.4% | 11.2% | -28.9% |
| Free cash flow yield | 3.2% | 5.1% | 3.3% | — | — |
| Revenue growth | 43.9% | 59.9% | 33.6% | 41.8% | — |
| Earnings growth | -50.1% | 69.5% | 202.6% | -144.6% | — |
| Current ratio | 2.34x | 3.34x | 3.54x | 1.96x | 2.20x |
| Debt to equity | 0.15x | 0.16x | 0.29x | 3.79x | 44.63x |
| Equity ratio | 58.8% | 63.7% | 58.8% | 12.5% | 1.5% |
| Interest coverage | 82.11x | 141.06x | 106.27x | 23.84x | -53.10x |
| Buybacks as a share of market value | -0.6% | -5.6% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 45.4% | — | — |
| Operating income | 65.9% | — | — |
| Net income | 36.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 58.4% | 61.4% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 40.3 | 21.1 | 37.0 |
| Price to sales | 1.9 | 2.9 | 4.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 2-for-1 split · 30 Oct 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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