V 
271
0.00%
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
¥3.13bn
FY2022FY2026
Net income
−¥261.0m
FY2022FY2026
Free cash flow
−¥182.9m
FY2022FY2026
Shareholders' equity
¥39.5m
FY2022FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥3.13bn | ¥3.43bn | ¥2.95bn | ¥2.82bn | ¥2.44bn |
| Gross profit | ¥806.2m | ¥1.08bn | ¥988.2m | ¥884.0m | ¥631.0m |
| Operating income | −¥423.8m | ¥121.6m | ¥172.8m | ¥113.5m | ¥18.4m |
| Net income | −¥261.0m | ¥86.4m | ¥114.4m | ¥86.0m | ¥16.7m |
| Diluted earnings per share | -102.27 | 34.08 | 44.89 | 37.39 | 6.53 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Total assets | ¥1.91bn | ¥4.30bn | ¥3.63bn | ¥3.29bn | ¥3.93bn |
| Cash and short-term investments | ¥916.5m | ¥1.14bn | ¥1.21bn | ¥833.1m | ¥612.0m |
| Total liabilities | ¥1.87bn | ¥3.72bn | ¥3.12bn | ¥3.14bn | ¥3.87bn |
| Debt | ¥1.12bn | ¥689.8m | ¥723.0m | ¥817.8m | ¥739.1m |
| Shareholders' equity | ¥39.5m | ¥581.8m | ¥509.2m | ¥147.3m | ¥61.3m |
| Shares outstanding | 3m | 3m | 3m | 2m | 3m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Cash from operations | −¥179.2m | ¥230.8m | ¥326.6m | ¥152.1m | ¥34.5m |
| Capital spending | −¥3.7m | −¥94.8m | −¥3.4m | −¥8.1m | −¥4.4m |
| Free cash flow | −¥182.9m | ¥135.9m | ¥323.2m | ¥144.0m | ¥30.1m |
| Dividends paid | −¥19.6m | −¥13.8m | — | — | — |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥765.6m | ¥755.5m | ¥764.1m | ¥936.1m | ¥877.0m | ¥938.7m | ¥820.8m | ¥829.0m |
| Gross profit | ¥169.4m | ¥184.3m | ¥180.0m | ¥333.8m | ¥311.3m | ¥345.7m | ¥292.1m | ¥241.9m |
| Operating income | −¥12.2m | −¥19.6m | −¥166.6m | ¥19.6m | ¥20.4m | ¥64.2m | ¥57.1m | ¥8.4m |
| Net income | −¥18.1m | −¥104.8m | −¥237.0m | ¥11.4m | ¥45.0m | ¥64.8m | ¥53.2m | ¥3.8m |
| Diluted earnings per share | -7.10 | -41.05 | -92.87 | 4.49 | 17.74 | 25.56 | 20.98 | 1.51 |
| Cash from operations | — | — | −¥179.0m | — | — | — | — | — |
| Capital spending | — | — | −¥3.0m | — | — | — | — | — |
| Free cash flow | — | — | −¥182.0m | — | — | — | — | — |
| Total assets | ¥1.29bn | ¥1.62bn | ¥1.91bn | ¥5.32bn | ¥5.21bn | ¥4.79bn | ¥4.30bn | ¥3.85bn |
| Cash and short-term investments | ¥492.9m | ¥616.1m | ¥916.5m | ¥1.04bn | ¥1.28bn | ¥1.07bn | ¥1.14bn | ¥1.07bn |
| Debt | ¥335.6m | ¥358.0m | ¥1.12bn | ¥401.6m | ¥318.9m | ¥318.4m | ¥314.4m | ¥307.7m |
| Shareholders' equity | ¥16.6m | −¥65.3m | ¥39.5m | ¥612.3m | ¥672.0m | ¥631.6m | ¥581.8m | ¥528.6m |
Financial ratios
Data as of 2 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Gross margin | 25.8% | 31.5% | 33.5% | 31.3% | 25.9% |
| Operating margin | -7.9% | 4.1% | 6.0% | 4.6% | 1.5% |
| Net margin | -8.3% | 2.5% | 3.9% | 3.0% | 0.7% |
| Return on equity | -660.5% | 14.8% | 22.5% | 58.4% | 27.2% |
| Return on assets | -13.7% | 2.0% | 3.2% | 2.6% | 0.4% |
| Free cash flow yield | -23.4% | 30.3% | 42.7% | 22.0% | — |
| Revenue growth | -8.9% | 16.4% | 4.4% | 15.8% | — |
| Earnings growth | -402.1% | -24.5% | 32.9% | 416.2% | — |
| Current ratio | 1.48x | 1.18x | 1.28x | 1.22x | 1.14x |
| Debt to equity | 28.42x | 1.19x | 1.42x | 5.55x | 12.07x |
| Equity ratio | 2.1% | 13.5% | 14.0% | 4.5% | 1.6% |
| Interest coverage | -16.95x | 13.98x | 16.53x | 13.98x | 5.64x |
| Buybacks as a share of market value | -0.7% | 0.5% | -10.7% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.8% | 30.5% | — | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Price to earnings | -2.6 | 33.0 | 22.6 | 28.7 |
| Price to sales | 0.2 | 0.8 | 0.9 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 26 Feb 2026.
| FY2026 | FY2025 | |
|---|---|---|
| Paid in the year | 15.50 | 6.00 |
- 2-for-1 split · 14 Mar 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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