I 
1,700
+0.53%
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
¥40.40bn
FY2020FY2026
Net income
¥514.1m
FY2020FY2026
Free cash flow
−¥29.2m
FY2020FY2026
Shareholders' equity
¥6.65bn
FY2020FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | ¥40.40bn | ¥33.55bn | ¥27.08bn | ¥17.82bn | ¥13.12bn | ¥9.25bn | ¥7.16bn |
| Gross profit | ¥12.14bn | ¥9.18bn | ¥6.66bn | ¥4.07bn | ¥3.06bn | ¥2.07bn | ¥1.54bn |
| Research and development | — | — | ¥41.0m | ¥126.3m | ¥118.3m | ¥77.2m | ¥154.8m |
| Operating income | ¥1.34bn | ¥2.19bn | ¥1.51bn | ¥1.11bn | ¥793.1m | ¥405.5m | ¥44.3m |
| Net income | ¥514.1m | ¥1.37bn | ¥902.0m | ¥794.5m | ¥517.3m | ¥341.9m | ¥36.3m |
| Diluted earnings per share | 51.12 | 145.07 | 92.88 | 84.32 | 54.96 | 34.00 | 3.61 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Total assets | ¥18.29bn | ¥13.63bn | ¥12.14bn | ¥6.63bn | ¥5.99bn | ¥3.01bn | ¥2.08bn |
| Cash and short-term investments | ¥5.53bn | ¥4.07bn | ¥5.71bn | ¥4.03bn | ¥4.00bn | ¥1.49bn | ¥994.2m |
| Total liabilities | ¥10.91bn | ¥7.03bn | ¥7.06bn | ¥2.77bn | ¥2.93bn | ¥2.40bn | ¥1.81bn |
| Debt | ¥5.60bn | ¥1.81bn | ¥2.93bn | ¥602.8m | ¥764.3m | ¥823.2m | ¥868.0m |
| Shareholders' equity | ¥6.65bn | ¥6.16bn | ¥4.78bn | ¥3.87bn | ¥3.07bn | ¥608.3m | ¥266.1m |
| Shares outstanding | 10m | 9m | 10m | 9m | 9m | 10m | 10m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | ¥191.9m | ¥1.74bn | ¥1.23bn | ¥297.1m | ¥667.7m | ¥551.4m | ¥58.8m |
| Capital spending | −¥221.2m | −¥478.2m | −¥218.6m | −¥3.8m | −¥8.1m | −¥8.3m | −¥87.6m |
| Free cash flow | −¥29.2m | ¥1.26bn | ¥1.01bn | ¥293.4m | ¥659.7m | ¥543.1m | −¥28.8m |
| Dividends paid | — | — | — | −¥15.0m | — | — | — |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥10.45bn | ¥10.59bn | ¥9.73bn | ¥9.63bn | ¥8.76bn | ¥8.75bn | ¥8.07bn | ¥7.96bn |
| Gross profit | ¥3.18bn | ¥3.27bn | ¥2.85bn | ¥2.83bn | ¥2.46bn | ¥2.39bn | ¥2.19bn | ¥2.15bn |
| Operating income | ¥726.6m | −¥387.9m | ¥301.0m | ¥697.8m | ¥671.6m | ¥449.3m | ¥559.0m | ¥506.5m |
| Net income | ¥363.5m | −¥311.3m | ¥88.0m | ¥374.0m | ¥514.8m | ¥280.9m | ¥331.8m | ¥240.2m |
| Diluted earnings per share | 36.14 | -30.96 | 8.75 | 39.67 | 54.61 | 29.80 | 35.20 | 24.73 |
| Total assets | ¥18.29bn | ¥19.11bn | ¥16.66bn | ¥15.28bn | ¥13.63bn | ¥13.04bn | ¥12.76bn | ¥11.93bn |
| Cash and short-term investments | ¥5.53bn | ¥5.77bn | ¥5.30bn | ¥4.52bn | ¥4.07bn | ¥4.04bn | ¥5.37bn | ¥4.72bn |
| Debt | ¥1.56bn | ¥1.39bn | ¥3.50bn | ¥934.4m | ¥804.6m | ¥778.5m | ¥2.07bn | ¥1.05bn |
| Shareholders' equity | ¥6.65bn | ¥6.32bn | ¥6.63bn | ¥6.53bn | ¥6.16bn | ¥5.65bn | ¥5.36bn | ¥5.02bn |
Financial ratios
Data as of 28 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 30.1% | 27.4% | 24.6% | 22.9% | 23.3% | 22.3% | — |
| Operating margin | 3.3% | 6.5% | 5.6% | 6.2% | 6.0% | 4.4% | — |
| Net margin | 1.3% | 4.1% | 3.3% | 4.5% | 3.9% | 3.7% | — |
| Return on equity | 7.7% | 22.2% | 18.9% | 20.5% | 16.9% | 56.2% | — |
| Return on assets | 2.8% | 10.0% | 7.4% | 12.0% | 8.6% | 11.4% | — |
| Free cash flow yield | 0.8% | 7.8% | 5.3% | 1.3% | 3.0% | — | — |
| Revenue growth | 20.4% | 23.9% | 51.9% | 35.8% | 41.9% | 29.2% | — |
| Earnings growth | -62.4% | 51.6% | 13.5% | 53.6% | 51.3% | 840.9% | — |
| Current ratio | 1.89x | 1.67x | 1.84x | 2.52x | 2.26x | 1.45x | — |
| Debt to equity | 0.23x | 0.13x | 0.60x | 0.16x | 0.25x | 1.35x | — |
| Equity ratio | 36.4% | 45.2% | 39.4% | 58.3% | 51.2% | 20.2% | — |
| Interest coverage | 21.90x | 75.98x | 68.63x | 442.58x | 256.34x | 98.40x | — |
| R&D as a share of sales | — | — | 0.2% | 0.7% | 0.9% | 0.8% | 2.2% |
| Buybacks as a share of market value | -6.7% | 2.9% | -3.1% | -0.1% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 31.4% | 34.3% | — |
| Operating income | 6.6% | 27.0% | — |
| Net income | -13.5% | 8.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.8% | 27.0% | 26.3% | — |
| Operating margin | 4.8% | 5.2% | 5.2% | — |
| Net margin | 2.5% | 3.0% | 3.1% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Price to earnings | 36.9 | 27.1 | 34.7 | 19.2 | 61.7 |
| Price to sales | 0.5 | 1.1 | 1.2 | 0.9 | 2.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 2-for-1 split · 28 Aug 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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