C 
520
+4.84%
Close of 9 Nov 2026, in JPY
Search any instrument
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
¥4.45bn
FY2021FY2026
Net income
¥3.5m
FY2021FY2026
Free cash flow
¥14.9m
FY2021FY2026
Shareholders' equity
¥713.4m
FY2021FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | ¥4.45bn | ¥4.59bn | ¥4.44bn | ¥4.18bn | ¥3.34bn | ¥2.24bn |
| Gross profit | ¥1.70bn | ¥1.62bn | ¥1.77bn | ¥1.62bn | ¥1.28bn | ¥919.6m |
| Operating income | ¥50.5m | −¥383.0m | −¥153.7m | ¥2.9m | −¥162.8m | −¥362.1m |
| Net income | ¥3.5m | −¥393.3m | −¥217.9m | ¥29.2m | −¥145.1m | −¥336.7m |
| Diluted earnings per share | 1.76 | -200.60 | -111.15 | 14.90 | -74.01 | -171.77 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Total assets | ¥1.98bn | ¥1.87bn | ¥2.46bn | ¥1.88bn | ¥2.09bn | ¥1.35bn |
| Cash and short-term investments | ¥1.23bn | ¥1.18bn | ¥1.64bn | ¥1.52bn | ¥1.79bn | ¥1.19bn |
| Total liabilities | ¥1.26bn | ¥1.16bn | ¥1.35bn | ¥836.5m | ¥1.08bn | ¥992.3m |
| Debt | ¥585.8m | ¥462.7m | ¥525.6m | ¥130.0m | ¥361.1m | ¥430.0m |
| Shareholders' equity | ¥713.4m | ¥709.9m | ¥1.10bn | ¥1.04bn | ¥1.01bn | ¥356.1m |
| Shares outstanding | 2m | 2m | 2m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash from operations | ¥17.4m | −¥371.9m | −¥153.6m | −¥31.9m | −¥128.1m | −¥245.8m |
| Capital spending | −¥2.5m | −¥2.2m | −¥2.8m | −¥8.4m | −¥269,000 | −¥3.2m |
| Free cash flow | ¥14.9m | −¥374.1m | −¥156.4m | −¥40.3m | −¥128.4m | −¥249.0m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.09bn | ¥1.11bn | ¥1.12bn | ¥1.13bn | ¥1.14bn | ¥1.16bn | ¥1.13bn | ¥1.16bn |
| Gross profit | ¥390.4m | ¥410.6m | ¥424.1m | ¥418.9m | ¥398.4m | ¥397.4m | ¥389.2m | ¥433.9m |
| Operating income | −¥8,000 | ¥10.8m | ¥4.9m | ¥19.5m | −¥21.0m | −¥88.1m | −¥130.7m | −¥143.2m |
| Net income | ¥16.5m | ¥9.6m | −¥35.4m | ¥12.7m | −¥21.4m | −¥92.5m | −¥131.8m | −¥147.7m |
| Diluted earnings per share | 8.41 | 4.89 | -18.04 | 6.50 | -10.92 | -47.16 | -67.21 | -75.31 |
| Cash from operations | — | — | — | — | −¥371.0m | — | — | — |
| Capital spending | — | — | — | — | −¥2.0m | — | — | — |
| Free cash flow | — | — | — | — | −¥373.0m | — | — | — |
| Total assets | ¥1.98bn | ¥2.04bn | ¥1.88bn | ¥1.91bn | ¥1.87bn | ¥1.90bn | ¥1.96bn | ¥2.26bn |
| Cash and short-term investments | ¥1.23bn | ¥1.33bn | ¥1.18bn | ¥1.21bn | ¥1.18bn | ¥1.12bn | ¥1.17bn | ¥1.43bn |
| Debt | ¥502.9m | ¥537.6m | ¥455.6m | ¥337.6m | ¥460.6m | ¥337.6m | ¥477.2m | ¥367.6m |
| Shareholders' equity | ¥713.4m | ¥696.9m | ¥687.3m | ¥722.7m | ¥709.9m | ¥734.2m | ¥825.5m | ¥956.5m |
Financial ratios
Data as of 2 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 38.3% | 35.3% | 39.9% | 38.7% | 38.3% | 41.1% |
| Operating margin | 1.1% | -8.3% | -3.9% | 0.6% | -4.6% | -14.8% |
| Net margin | 0.1% | -8.6% | -4.9% | 0.7% | -4.3% | -15.1% |
| Return on equity | 0.5% | -55.4% | -19.8% | 2.8% | -14.4% | -94.6% |
| Return on assets | 0.2% | -21.0% | -8.9% | 1.6% | -6.9% | -25.0% |
| Free cash flow yield | 1.8% | -34.3% | -14.0% | -2.2% | — | — |
| Revenue growth | -2.9% | 3.3% | 6.2% | 25.2% | 49.3% | — |
| Earnings growth | -100.9% | 80.5% | -845.9% | -120.1% | -56.9% | — |
| Current ratio | 1.35x | 1.48x | 1.74x | 2.19x | 2.16x | 2.03x |
| Debt to equity | 0.70x | 0.65x | 0.48x | 0.13x | 0.36x | 1.21x |
| Equity ratio | 36.1% | 37.9% | 44.9% | 55.4% | 48.3% | 26.4% |
| Interest coverage | 5.56x | -54.47x | -63.25x | 3.82x | -16.67x | -35.06x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.1% | 14.8% | — |
| Operating income | 158.5% | — | — |
| Net income | -50.9% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 36.8% | 38.0% | 38.4% | — |
| Operating margin | -3.7% | -2.7% | -4.3% | — |
| Net margin | -4.3% | -3.3% | -4.6% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Price to earnings | 282.1 | -3.9 | -8.9 | 106.8 |
| Price to sales | 0.2 | 0.3 | 0.4 | 0.8 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.