B 
536
+2.68%
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
¥3.49bn
FY2020FY2025
Net income
¥197.1m
FY2020FY2025
Free cash flow
¥205.7m
FY2020FY2025
Shareholders' equity
¥1.91bn
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | ¥3.49bn | ¥3.47bn | ¥3.14bn | ¥2.84bn | ¥2.45bn | ¥1.91bn |
| Gross profit | ¥2.65bn | ¥2.64bn | ¥2.35bn | ¥2.12bn | ¥1.81bn | ¥1.39bn |
| Operating income | ¥283.4m | ¥378.9m | ¥348.6m | ¥343.9m | ¥267.4m | ¥151.0m |
| Net income | ¥197.1m | ¥229.8m | ¥199.4m | ¥225.9m | ¥184.5m | ¥95.0m |
| Diluted earnings per share | 60.10 | 70.33 | 63.04 | 66.43 | 56.78 | 29.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | ¥2.68bn | ¥2.70bn | ¥2.06bn | ¥1.34bn | ¥1.19bn | ¥821.4m |
| Cash and short-term investments | ¥1.67bn | ¥1.66bn | ¥1.45bn | ¥875.9m | ¥795.7m | ¥510.3m |
| Total liabilities | ¥766.9m | ¥948.6m | ¥550.5m | ¥639.7m | ¥723.8m | ¥543.8m |
| Debt | ¥90.0m | ¥143.3m | ¥36.7m | ¥99.7m | ¥222.5m | ¥182.1m |
| Shareholders' equity | ¥1.91bn | ¥1.76bn | ¥1.51bn | ¥699.2m | ¥467.5m | ¥277.7m |
| Shares outstanding | 3m | 3m | 3m | 3m | 3m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | ¥224.6m | ¥430.9m | ¥253.7m | ¥286.7m | ¥316.5m | ¥291.7m |
| Capital spending | −¥18.9m | −¥225.1m | −¥13.8m | −¥89.9m | −¥13.3m | −¥12.8m |
| Free cash flow | ¥205.7m | ¥205.8m | ¥239.9m | ¥196.8m | ¥303.2m | ¥278.8m |
| Dividends paid | −¥48.1m | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥814.4m | ¥856.9m | ¥878.9m | ¥883.9m | ¥851.8m | ¥876.5m | ¥912.6m | ¥896.6m |
| Gross profit | ¥603.8m | ¥643.1m | ¥666.8m | ¥668.9m | ¥648.2m | ¥670.3m | ¥702.5m | ¥687.6m |
| Operating income | −¥8.9m | ¥84.4m | ¥73.7m | ¥95.9m | ¥34.2m | ¥79.5m | ¥112.1m | ¥104.1m |
| Net income | −¥20.4m | ¥63.3m | ¥60.6m | ¥66.5m | ¥17.4m | ¥52.7m | ¥78.5m | ¥63.5m |
| Diluted earnings per share | -6.29 | 19.49 | 18.47 | 20.27 | 5.31 | 16.06 | 24.03 | 19.42 |
| Total assets | ¥2.72bn | ¥2.65bn | ¥2.68bn | ¥2.65bn | ¥2.60bn | ¥2.60bn | ¥2.70bn | ¥2.49bn |
| Cash and short-term investments | ¥1.65bn | ¥1.64bn | ¥1.67bn | ¥1.65bn | ¥1.63bn | ¥1.64bn | ¥1.66bn | ¥1.53bn |
| Debt | ¥83.0m | ¥53.3m | ¥90.0m | ¥53.3m | ¥115.3m | ¥53.3m | ¥53.3m | ¥58.3m |
| Shareholders' equity | ¥1.90bn | ¥1.91bn | ¥1.91bn | ¥1.84bn | ¥1.77bn | ¥1.75bn | ¥1.76bn | ¥1.66bn |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 76.0% | 76.0% | 75.1% | 74.9% | 73.6% | 72.9% |
| Operating margin | 7.6% | 9.7% | 10.1% | 11.4% | 10.7% | 7.9% |
| Net margin | 5.6% | 6.6% | 6.4% | 8.0% | 7.5% | 5.0% |
| Return on equity | 10.3% | 13.1% | 13.2% | 32.3% | 39.5% | 34.2% |
| Return on assets | 7.4% | 8.5% | 9.7% | 16.9% | 15.5% | 11.6% |
| Free cash flow yield | 12.1% | 23.3% | 14.1% | 14.9% | — | — |
| Revenue growth | 0.5% | 10.8% | 10.5% | 15.7% | 28.7% | — |
| Earnings growth | -14.2% | 15.3% | -11.7% | 22.4% | 94.3% | — |
| Current ratio | 3.03x | 2.48x | 2.96x | 1.68x | 1.45x | 1.28x |
| Debt to equity | 0.05x | 0.08x | 0.02x | 0.14x | 0.48x | 0.66x |
| Equity ratio | 71.3% | 64.9% | 73.2% | 52.2% | 39.2% | 33.8% |
| Interest coverage | 208.57x | 508.78x | 1070.69x | 424.66x | 264.22x | 153.28x |
| Buybacks as a share of market value | -0.4% | -3.3% | 7.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.2% | 12.9% | — |
| Operating income | -6.2% | 13.4% | — |
| Net income | -4.4% | 15.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 76.0% | 75.5% | 75.0% | — |
| Operating margin | 9.5% | 10.5% | 10.3% | — |
| Net margin | 6.1% | 6.6% | 6.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 12.2 | 13.2 | 10.6 |
| Price to sales | 0.7 | 0.9 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | |
|---|---|
| Paid in the year | 30.00 |
- 2-for-1 split · 29 Sept 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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