N 
544
+2.26%
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
¥9.95bn
FY2017FY2026
Net income
−¥119.5m
FY2017FY2026
Free cash flow
¥712.7m
FY2017FY2026
Shareholders' equity
¥1.49bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥9.95bn | ¥9.11bn | ¥9.70bn | ¥10.13bn | ¥10.65bn | ¥11.99bn | ¥14.49bn | ¥11.06bn | ¥11.33bn | ¥9.43bn |
| Gross profit | ¥2.03bn | ¥1.80bn | ¥1.76bn | ¥1.49bn | ¥970.8m | ¥2.21bn | ¥2.94bn | ¥2.89bn | ¥3.06bn | ¥1.90bn |
| Research and development | — | — | ¥108.0m | ¥137.0m | ¥115.8m | ¥135.0m | ¥186.0m | — | ¥97.0m | ¥91.0m |
| Operating income | ¥183.7m | ¥51.0m | ¥123.6m | −¥239.3m | −¥869.3m | ¥96.3m | ¥205.8m | ¥308.1m | ¥665.0m | ¥654.1m |
| Net income | −¥119.5m | ¥31.0m | ¥274.9m | −¥469.2m | −¥1.23bn | −¥92.5m | ¥27.1m | ¥185.4m | ¥519.4m | −¥632.2m |
| Diluted earnings per share | -22.59 | 5.86 | 51.93 | -88.65 | -232.69 | -17.47 | 5.12 | 35.03 | 97.79 | -120.00 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥3.57bn | ¥3.75bn | ¥3.94bn | ¥4.20bn | ¥4.65bn | ¥5.76bn | ¥6.36bn | ¥7.36bn | ¥6.24bn | ¥5.29bn |
| Cash and short-term investments | ¥1.31bn | ¥851.9m | ¥1.69bn | ¥1.14bn | ¥1.09bn | ¥1.25bn | ¥1.61bn | ¥2.01bn | ¥2.09bn | ¥1.11bn |
| Total liabilities | ¥1.98bn | ¥2.04bn | ¥2.27bn | ¥2.82bn | ¥2.75bn | ¥2.52bn | ¥3.01bn | ¥4.04bn | ¥3.05bn | ¥2.61bn |
| Debt | ¥732.0m | ¥952.3m | ¥1.10bn | ¥1.62bn | ¥1.63bn | ¥1.20bn | ¥1.59bn | ¥2.23bn | ¥1.27bn | ¥769.2m |
| Shareholders' equity | ¥1.49bn | ¥1.61bn | ¥1.58bn | ¥1.31bn | ¥1.80bn | ¥3.07bn | ¥3.21bn | ¥3.20bn | ¥3.08bn | ¥2.44bn |
| Shares outstanding | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 5m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥852.9m | −¥482.0m | ¥661.1m | ¥339.9m | −¥686.0m | ¥169.0m | ¥550.7m | ¥172.0m | ¥661.0m | −¥152.1m |
| Capital spending | −¥140.2m | −¥162.0m | −¥79.0m | −¥39.0m | −¥42.0m | −¥55.0m | −¥146.4m | −¥307.0m | −¥127.0m | −¥59.0m |
| Free cash flow | ¥712.7m | −¥644.0m | ¥582.1m | ¥300.9m | −¥728.0m | ¥114.0m | ¥404.3m | −¥135.0m | ¥534.0m | −¥211.1m |
| Dividends paid | — | −¥124,000 | −¥166,000 | −¥26.6m | −¥52.9m | −¥52.9m | −¥53.3m | −¥52.0m | −¥26.0m | −¥26.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.37bn | ¥2.55bn | ¥2.52bn | ¥2.50bn | ¥2.42bn | ¥2.33bn | ¥2.24bn | ¥2.12bn |
| Gross profit | ¥477.4m | ¥567.3m | ¥542.7m | ¥501.3m | ¥486.0m | ¥446.9m | ¥445.0m | ¥397.0m |
| Operating income | ¥60.5m | ¥78.4m | ¥26.6m | ¥18.2m | ¥30.5m | ¥36.5m | ¥20.0m | −¥36.0m |
| Net income | −¥111.2m | −¥9.7m | −¥2.8m | ¥4.1m | ¥46.0m | ¥12.1m | −¥11.0m | −¥16.0m |
| Diluted earnings per share | -21.02 | -1.83 | -0.52 | 0.78 | 8.69 | 2.28 | -2.08 | -3.02 |
| Total assets | ¥3.57bn | ¥4.01bn | ¥3.78bn | ¥3.74bn | ¥3.75bn | ¥3.77bn | ¥3.84bn | ¥3.79bn |
| Cash and short-term investments | ¥1.31bn | ¥1.21bn | ¥877.0m | ¥943.6m | ¥851.9m | ¥900.7m | ¥1.02bn | ¥1.32bn |
| Debt | ¥732.0m | ¥732.2m | ¥894.3m | ¥841.3m | ¥841.3m | ¥841.3m | ¥1.03bn | ¥881.8m |
| Shareholders' equity | ¥1.49bn | ¥1.60bn | ¥1.61bn | ¥1.62bn | ¥1.61bn | ¥1.57bn | ¥1.55bn | ¥1.56bn |
Financial ratios
Data as of 23 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 20.4% | 19.7% | 18.2% | 14.7% | 9.1% | 18.4% | — | — |
| Operating margin | 1.8% | 0.6% | 3.1% | -3.6% | -11.4% | 0.8% | — | — |
| Net margin | -1.2% | 0.3% | 2.8% | -4.6% | -11.6% | -0.8% | — | — |
| Return on equity | -8.0% | 1.9% | 17.4% | -35.9% | -68.4% | -3.0% | — | — |
| Return on assets | -3.3% | 0.8% | 7.0% | -11.2% | -26.5% | -1.6% | — | — |
| Free cash flow yield | 34.9% | -11.3% | 26.0% | 13.3% | -22.7% | 7.9% | — | — |
| Revenue growth | 9.3% | -6.1% | -4.3% | -4.9% | -11.1% | -17.3% | — | — |
| Earnings growth | -485.6% | -88.7% | -158.6% | -61.9% | 1232.0% | -441.2% | — | — |
| Current ratio | 1.78x | 1.58x | 1.83x | 1.38x | 1.76x | 2.11x | — | — |
| Debt to equity | 0.49x | 0.52x | 0.70x | 1.24x | 0.90x | 0.39x | — | — |
| Equity ratio | 41.8% | 43.0% | 40.1% | 31.1% | 38.8% | 53.3% | — | — |
| Interest coverage | 9.49x | 2.90x | 14.60x | -26.30x | -97.80x | 7.68x | — | — |
| R&D as a share of sales | — | — | 1.1% | 1.4% | 1.1% | 1.1% | 1.3% | 0.9% |
| Buybacks as a share of market value | -0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.6% | -3.7% | 0.9% |
| Operating income | — | 13.8% | — |
| Net income | -36.6% | 5.3% | -14.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.1% | 18.2% | 16.7% | 19.3% |
| Operating margin | 1.2% | 0.3% | -1.1% | 0.6% |
| Net margin | -0.5% | -0.7% | -2.6% | -1.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -23.6 | 98.2 | 8.9 | -4.8 | -2.1 | -44.2 | 195.3 | 31.0 | 9.9 | -15.3 |
| Price to sales | 0.3 | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | 0.4 | 0.5 | 0.5 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Jun 2022.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 5.00 | 10.00 | 10.00 | 10.00 | 10.00 | 5.00 | 5.00 | 5.00 |
- 2-for-1 split · 28 Mar 2018
- 100-for-1 split · 26 Sept 2013
- 3-for-1 split · 27 Jun 2006
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.