296
+1.72%
Close of 9 Nov 2026, in JPY
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At a glance
Figures in JPY, from our data supplier.
Revenue
¥8.35bn
FY2016FY2025
Net income
¥281.1m
FY2016FY2025
Free cash flow
¥183.8m
FY2016FY2025
Shareholders' equity
¥1.60bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥8.35bn | ¥8.46bn | ¥8.48bn | ¥8.53bn | ¥9.78bn | ¥10.75bn | ¥11.33bn | ¥11.42bn | ¥11.83bn | ¥12.24bn |
| Operating income | ¥173.8m | ¥309.4m | ¥228.1m | ¥39.2m | −¥415.1m | ¥57.8m | ¥93.8m | ¥190.6m | ¥922.7m | ¥1.25bn |
| Net income | ¥281.1m | ¥283.9m | ¥241.2m | ¥26.2m | −¥388.5m | −¥139.2m | ¥110.7m | −¥2.11bn | ¥461.3m | ¥694.0m |
| Diluted earnings per share | 25.81 | 26.08 | 22.00 | 2.44 | -36.22 | -12.98 | 10.22 | -200.15 | 41.86 | 63.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥4.41bn | ¥2.99bn | ¥2.97bn | ¥2.94bn | ¥3.04bn | ¥3.75bn | ¥4.30bn | ¥3.93bn | ¥6.20bn | ¥6.21bn |
| Cash and short-term investments | ¥1.68bn | ¥1.83bn | ¥1.78bn | ¥1.45bn | ¥1.36bn | ¥1.15bn | ¥1.29bn | ¥783.4m | ¥1.69bn | ¥1.91bn |
| Total liabilities | ¥2.82bn | ¥1.68bn | ¥1.95bn | ¥2.02bn | ¥2.14bn | ¥2.95bn | ¥3.09bn | ¥3.05bn | ¥2.86bn | ¥3.20bn |
| Debt | ¥941.7m | ¥300.0m | ¥500.0m | ¥591.6m | ¥691.6m | ¥1.18bn | ¥1.28bn | ¥1.21bn | ¥960.0m | ¥1.20bn |
| Shareholders' equity | ¥1.60bn | ¥1.32bn | ¥1.02bn | ¥924.1m | ¥892.7m | ¥802.3m | ¥1.08bn | ¥851.6m | ¥3.23bn | ¥2.97bn |
| Shares outstanding | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥187.7m | ¥229.1m | ¥424.2m | ¥184.0m | ¥297.3m | ¥239.6m | ¥239.0m | −¥690.5m | ¥683.1m | ¥916.6m |
| Capital spending | −¥4.0m | −¥1.3m | −¥3.1m | −¥481,000 | −¥11.4m | −¥91.0m | −¥69.1m | −¥28.3m | −¥59.5m | −¥84.5m |
| Free cash flow | ¥183.8m | ¥227.8m | ¥421.1m | ¥183.5m | ¥285.9m | ¥148.7m | ¥170.0m | −¥718.8m | ¥623.6m | ¥832.1m |
| Dividends paid | — | — | — | — | — | −¥69,000 | −¥335,000 | −¥294.4m | −¥279.2m | −¥265.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.69bn | ¥2.76bn | ¥2.24bn | ¥2.04bn | ¥2.02bn | ¥2.04bn | ¥2.08bn | ¥2.11bn |
| Operating income | ¥60.7m | ¥117.2m | ¥28.3m | ¥54.0m | ¥32.7m | ¥58.8m | −¥1.3m | ¥94.5m |
| Net income | ¥37.6m | ¥75.8m | ¥122.2m | ¥58.7m | ¥31.8m | ¥68.3m | −¥30.6m | ¥103.9m |
| Diluted earnings per share | 3.45 | 6.97 | 11.23 | 5.39 | 2.92 | 6.28 | -2.81 | 9.54 |
| Total assets | ¥4.41bn | ¥4.40bn | ¥4.41bn | ¥2.79bn | ¥2.77bn | ¥3.06bn | ¥2.99bn | ¥3.18bn |
| Cash and short-term investments | ¥1.86bn | ¥1.76bn | ¥1.68bn | ¥1.71bn | ¥1.66bn | ¥1.95bn | ¥1.83bn | ¥2.00bn |
| Debt | ¥822.3m | ¥215.0m | ¥941.7m | — | — | ¥300.0m | ¥300.0m | ¥500.0m |
| Shareholders' equity | ¥1.71bn | ¥1.67bn | ¥1.60bn | ¥1.47bn | ¥1.42bn | ¥1.38bn | ¥1.32bn | ¥1.35bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 2.5% | 3.8% | 2.6% | 0.5% | -4.2% | 0.5% |
| Net margin | 3.4% | 3.4% | 2.8% | 0.3% | -4.0% | -1.3% |
| Return on equity | 17.6% | 21.6% | 23.8% | 2.8% | -43.5% | -17.3% |
| Return on assets | 6.4% | 9.5% | 8.1% | 0.9% | -12.8% | -3.7% |
| Free cash flow yield | 5.9% | 7.1% | 13.2% | 5.8% | 9.7% | 10.4% |
| Revenue growth | -1.3% | -0.2% | -0.6% | -12.7% | -9.0% | -5.2% |
| Earnings growth | -1.0% | 17.7% | 819.8% | -106.7% | 179.2% | -225.7% |
| Current ratio | 1.50x | 1.69x | 1.41x | 1.29x | 1.18x | 1.06x |
| Debt to equity | 0.59x | 0.23x | 0.49x | 0.64x | 0.77x | 1.46x |
| Equity ratio | 36.2% | 44.0% | 34.2% | 31.4% | 29.4% | 21.4% |
| Interest coverage | 92.85x | 118.67x | 118.63x | 16.78x | -57.15x | 12.86x |
| Buybacks as a share of market value | -0.0% | 0.7% | -2.2% | 0.0% | 0.0% | 0.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.7% | -4.9% | -3.0% |
| Operating income | 64.3% | 24.6% | -16.6% |
| Net income | 120.5% | — | -8.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 2.9% | 2.2% | 0.7% | 3.5% |
| Net margin | 3.4% | 2.5% | 0.6% | 0.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.3 | 8.4 | 10.4 | 99.0 | -9.7 | -43.3 | 66.8 | -2.0 | 31.5 | 27.0 |
| Price to sales | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.6 | 0.7 | 0.4 | 1.2 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Dec 2017.
| FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|
| Paid in the year | 28.00 | 27.00 | 26.00 | 25.00 | 20.00 |
- 2-for-1 split · 26 Dec 2013
- 2-for-1 split · 28 Aug 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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