V 
1,161
+4.50%
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
¥106.66bn
FY2017FY2026
Net income
¥3.07bn
FY2017FY2026
Free cash flow
¥1.82bn
FY2017FY2026
Shareholders' equity
¥10.54bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥106.66bn | ¥84.84bn | ¥81.47bn | ¥76.13bn | ¥63.39bn | ¥52.51bn | ¥37.93bn | ¥37.80bn | ¥31.53bn | ¥22.69bn |
| Gross profit | ¥28.06bn | ¥21.31bn | ¥19.52bn | ¥20.01bn | ¥16.32bn | ¥13.84bn | ¥9.33bn | ¥9.63bn | ¥8.57bn | ¥6.67bn |
| Research and development | — | — | ¥980,000 | ¥26.9m | ¥61.4m | ¥1.8m | ¥5.0m | — | — | — |
| Operating income | ¥5.79bn | ¥1.45bn | −¥496.8m | ¥2.18bn | ¥1.89bn | ¥1.17bn | ¥631.3m | ¥2.24bn | ¥1.88bn | ¥1.03bn |
| Net income | ¥3.07bn | ¥681.9m | −¥1.71bn | ¥1.05bn | ¥969.1m | ¥725.1m | ¥305.6m | ¥1.46bn | ¥1.24bn | ¥571.0m |
| Diluted earnings per share | 233.04 | 51.67 | -131.34 | 81.26 | 74.94 | 54.69 | 22.90 | 109.87 | 93.25 | 47.24 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥36.81bn | ¥31.15bn | ¥26.82bn | ¥27.88bn | ¥23.37bn | ¥18.84bn | ¥15.47bn | ¥14.22bn | ¥12.34bn | ¥10.09bn |
| Cash and short-term investments | ¥7.23bn | ¥5.30bn | ¥6.92bn | ¥8.34bn | ¥7.81bn | ¥8.27bn | ¥6.28bn | ¥4.10bn | ¥3.65bn | ¥2.99bn |
| Total liabilities | ¥26.26bn | ¥23.48bn | ¥19.97bn | ¥19.05bn | ¥15.51bn | ¥11.57bn | ¥8.73bn | ¥7.52bn | ¥6.54bn | ¥6.83bn |
| Debt | ¥20.15bn | ¥18.50bn | ¥16.47bn | ¥15.26bn | ¥12.52bn | ¥8.85bn | ¥6.96bn | ¥5.44bn | ¥4.72bn | ¥5.11bn |
| Shareholders' equity | ¥10.54bn | ¥7.68bn | ¥6.86bn | ¥8.83bn | ¥7.85bn | ¥7.27bn | ¥6.74bn | ¥6.70bn | ¥5.80bn | ¥3.27bn |
| Shares outstanding | 13m | 13m | 13m | 13m | 13m | 13m | 13m | 13m | 13m | 12m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥2.47bn | −¥555.6m | ¥226.4m | ¥1.37bn | −¥1.72bn | ¥2.01bn | ¥1.58bn | ¥1.70bn | ¥449.5m | −¥41.8m |
| Capital spending | −¥648.7m | −¥2.17bn | −¥887.9m | −¥1.34bn | −¥770.2m | −¥635.6m | −¥273.3m | −¥404.0m | −¥446.4m | −¥203.0m |
| Free cash flow | ¥1.82bn | −¥2.73bn | −¥661.5m | ¥32.5m | −¥2.49bn | ¥1.37bn | ¥1.31bn | ¥1.29bn | ¥3.1m | −¥244.8m |
| Dividends paid | −¥131.4m | −¥29,000 | −¥387.6m | −¥320.9m | −¥329.5m | −¥328.2m | −¥444.4m | −¥312.5m | −¥98.5m | −¥6.8m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥26.70bn | ¥27.98bn | ¥27.44bn | ¥24.53bn | ¥21.74bn | ¥22.27bn | ¥22.01bn | ¥18.82bn |
| Gross profit | ¥6.56bn | ¥7.41bn | ¥7.42bn | ¥6.68bn | ¥5.32bn | ¥5.54bn | ¥5.72bn | ¥4.73bn |
| Operating income | ¥506.2m | ¥1.72bn | ¥2.05bn | ¥1.51bn | ¥168.7m | ¥586.7m | ¥778.6m | −¥80.0m |
| Net income | −¥241.6m | ¥1.06bn | ¥1.30bn | ¥953.6m | ¥149.4m | ¥249.0m | ¥544.5m | −¥260.9m |
| Diluted earnings per share | -18.32 | 80.58 | 98.48 | 72.25 | 11.32 | 18.87 | 41.26 | -20.05 |
| Total assets | ¥36.81bn | ¥38.93bn | ¥38.89bn | ¥34.95bn | ¥31.15bn | ¥29.47bn | ¥28.88bn | ¥29.40bn |
| Cash and short-term investments | ¥7.23bn | ¥6.91bn | ¥7.92bn | ¥5.90bn | ¥5.30bn | ¥7.77bn | ¥7.38bn | ¥6.38bn |
| Debt | ¥12.32bn | ¥15.19bn | ¥23.37bn | ¥10.72bn | ¥18.39bn | ¥9.62bn | ¥17.57bn | ¥10.54bn |
| Shareholders' equity | ¥10.54bn | ¥10.78bn | ¥9.70bn | ¥8.53bn | ¥7.68bn | ¥7.51bn | ¥7.33bn | ¥6.63bn |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 25.1% | 24.0% | 26.3% | 25.7% | 26.4% | 24.6% |
| Operating margin | 1.7% | -0.6% | 2.9% | 3.0% | 2.2% | 1.7% |
| Net margin | 0.8% | -2.1% | 1.4% | 1.5% | 1.4% | 0.8% |
| Return on equity | 8.9% | -24.9% | 11.9% | 12.3% | 10.0% | 4.5% |
| Return on assets | 2.2% | -6.4% | 3.8% | 4.1% | 3.8% | 2.0% |
| Free cash flow yield | 6.2% | 4.3% | 10.6% | -3.7% | 10.1% | 7.0% |
| Revenue growth | 4.1% | 7.0% | 20.1% | 20.7% | 38.4% | 0.4% |
| Earnings growth | -139.9% | -262.7% | 8.4% | 33.7% | 137.2% | -79.0% |
| Current ratio | 1.55x | 1.72x | 1.30x | 1.17x | 1.30x | 1.47x |
| Debt to equity | 2.40x | 2.37x | 1.71x | 1.58x | 1.20x | 1.03x |
| Equity ratio | 24.6% | 25.6% | 31.7% | 33.6% | 38.6% | 43.5% |
| Interest coverage | 7.71x | -4.38x | 28.05x | 30.82x | 25.80x | 17.21x |
| R&D as a share of sales | — | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% |
| Buybacks as a share of market value | -1.4% | -0.7% | 0.0% | 2.5% | 0.7% | -0.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.9% | 15.2% | 17.1% |
| Operating income | 38.4% | 37.7% | 26.3% |
| Net income | 43.0% | 33.5% | 46.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.8% | 25.5% | 25.6% | 25.8% |
| Operating margin | 3.8% | 2.6% | 2.6% | 3.0% |
| Net margin | 2.0% | 0.9% | 1.0% | 1.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.3 | 22.2 | -6.2 | 17.6 | 36.4 | 46.1 | 168.4 | 25.2 | 36.0 |
| Price to sales | 0.1 | 0.2 | 0.1 | 0.2 | 0.6 | 0.6 | 1.4 | 1.0 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 28 Aug 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 10.00 | 65.00 | 25.00 | 25.00 | 25.00 | 35.00 | 25.75 |
- 2-for-1 split · 29 Aug 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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