P 
2,197
-0.09%
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
¥5.49bn
FY2019FY2025
Net income
¥126.6m
FY2019FY2025
Free cash flow
¥536.3m
FY2019FY2025
Shareholders' equity
¥2.26bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | ¥5.49bn | ¥5.28bn | ¥6.28bn | ¥4.35bn | ¥2.14bn | ¥1.10bn | ¥664.1m |
| Gross profit | ¥1.98bn | ¥1.55bn | ¥2.24bn | ¥1.79bn | ¥995.7m | ¥518.3m | ¥257.3m |
| Operating income | ¥155.7m | −¥204.2m | ¥849.7m | ¥954.6m | ¥509.1m | ¥174.5m | ¥35.9m |
| Net income | ¥126.6m | −¥393.6m | ¥588.9m | ¥676.8m | ¥359.7m | ¥114.0m | ¥19.6m |
| Diluted earnings per share | 23.58 | -72.59 | 100.15 | 113.19 | 53.05 | 21.42 | 3.69 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | ¥4.63bn | ¥5.54bn | ¥5.71bn | ¥4.29bn | ¥2.78bn | ¥1.06bn | ¥555.8m |
| Cash and short-term investments | ¥2.10bn | ¥2.62bn | ¥2.77bn | ¥2.22bn | ¥2.25bn | ¥710.4m | ¥330.7m |
| Total liabilities | ¥2.37bn | ¥3.30bn | ¥3.06bn | ¥1.48bn | ¥696.4m | ¥582.6m | ¥351.9m |
| Debt | ¥1.23bn | ¥2.23bn | ¥2.24bn | ¥673.1m | ¥280.1m | ¥384.2m | ¥234.6m |
| Shareholders' equity | ¥2.26bn | ¥2.24bn | ¥2.65bn | ¥2.81bn | ¥2.09bn | ¥479.1m | ¥203.9m |
| Shares outstanding | 5m | 5m | 6m | 6m | 7m | 5m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | ¥569.5m | −¥132.0m | ¥452.5m | ¥782.7m | ¥427.4m | ¥155.6m | ¥17.2m |
| Capital spending | −¥33.2m | −¥600.1m | −¥25.4m | −¥25.7m | −¥23.7m | −¥12.4m | −¥26.8m |
| Free cash flow | ¥536.3m | −¥732.1m | ¥427.1m | ¥756.9m | ¥403.6m | ¥143.2m | −¥9.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.54bn | ¥1.64bn | ¥1.45bn | ¥1.38bn | ¥1.28bn | ¥1.37bn | ¥1.36bn | ¥1.23bn |
| Gross profit | ¥603.5m | ¥672.0m | ¥572.3m | ¥501.1m | ¥388.0m | ¥516.7m | ¥470.3m | ¥373.2m |
| Operating income | −¥7.8m | ¥85.7m | ¥89.5m | ¥54.8m | −¥64.8m | ¥76.1m | ¥35.2m | −¥49.8m |
| Net income | −¥29.4m | ¥51.7m | ¥75.2m | ¥39.7m | −¥31.0m | ¥42.7m | −¥376.5m | ¥47.4m |
| Diluted earnings per share | -5.53 | 9.71 | 14.01 | 7.39 | -5.77 | 7.96 | -69.43 | 8.74 |
| Total assets | ¥4.41bn | ¥4.46bn | ¥4.63bn | ¥4.80bn | ¥4.96bn | ¥5.17bn | ¥5.54bn | ¥5.91bn |
| Cash and short-term investments | ¥1.76bn | ¥1.86bn | ¥2.10bn | ¥2.25bn | ¥2.27bn | ¥2.25bn | ¥2.62bn | ¥2.44bn |
| Debt | ¥962.0m | ¥438.2m | ¥1.23bn | ¥534.8m | ¥1.86bn | ¥634.8m | ¥639.8m | ¥634.8m |
| Shareholders' equity | ¥2.29bn | ¥2.32bn | ¥2.26bn | ¥2.18bn | ¥2.14bn | ¥2.18bn | ¥2.24bn | ¥2.64bn |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 36.1% | 29.4% | 35.7% | 41.2% | 46.5% | 46.9% |
| Operating margin | 2.8% | -3.9% | 13.5% | 21.9% | 23.8% | 15.8% |
| Net margin | 2.3% | -7.5% | 9.4% | 15.6% | 16.8% | 10.3% |
| Return on equity | 5.6% | -17.6% | 22.2% | 24.1% | 17.2% | 23.8% |
| Return on assets | 2.7% | -7.1% | 10.3% | 15.8% | 12.9% | 10.7% |
| Free cash flow yield | 4.8% | -1.1% | 3.5% | 6.0% | 2.9% | — |
| Revenue growth | 3.9% | -16.0% | 44.4% | 103.4% | 93.6% | 66.4% |
| Earnings growth | -132.2% | -166.8% | -13.0% | 88.1% | 215.6% | 480.3% |
| Current ratio | 1.95x | 2.46x | 2.98x | 3.00x | 5.36x | 3.14x |
| Debt to equity | 0.54x | 0.99x | 0.84x | 0.24x | 0.13x | 0.79x |
| Equity ratio | 48.8% | 40.5% | 46.5% | 65.5% | 75.0% | 45.1% |
| Interest coverage | 5.99x | -8.71x | 69.99x | 224.40x | 124.76x | 57.82x |
| Buybacks as a share of market value | 1.0% | 7.8% | 1.7% | 11.8% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.0% | 37.8% | — |
| Operating income | -45.4% | -2.3% | — |
| Net income | -42.8% | 2.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.8% | 35.3% | 36.8% | — |
| Operating margin | -0.5% | 8.2% | 9.9% | — |
| Net margin | -2.5% | 4.7% | 6.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 47.6 | -13.8 | 20.2 | 53.0 | 70.9 |
| Price to sales | 1.1 | 1.0 | 1.9 | 8.2 | 11.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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