P 
992
+2.90%
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
¥7.65bn
FY2020FY2026
Net income
¥1.11bn
FY2020FY2026
Free cash flow
¥1.54bn
FY2020FY2026
Shareholders' equity
¥2.23bn
FY2020FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | ¥7.65bn | ¥5.75bn | ¥4.45bn | ¥3.02bn | ¥2.25bn | ¥1.98bn | ¥2.18bn |
| Gross profit | ¥5.62bn | ¥4.26bn | ¥3.20bn | ¥2.14bn | ¥1.51bn | ¥1.18bn | ¥1.31bn |
| Research and development | — | — | — | ¥11.7m | — | — | — |
| Operating income | ¥1.52bn | ¥1.20bn | ¥824.3m | ¥497.1m | ¥326.0m | −¥45.8m | ¥138.6m |
| Net income | ¥1.11bn | ¥888.8m | ¥610.1m | ¥360.8m | ¥187.1m | −¥76.8m | ¥78.2m |
| Diluted earnings per share | 91.49 | 70.77 | 47.77 | 28.71 | 15.78 | -6.33 | 6.44 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Total assets | ¥6.09bn | ¥4.49bn | ¥3.89bn | ¥2.63bn | ¥1.51bn | ¥1.04bn | ¥1.17bn |
| Cash and short-term investments | ¥4.24bn | ¥3.42bn | ¥3.04bn | ¥1.98bn | ¥975.5m | ¥437.6m | ¥511.9m |
| Total liabilities | ¥3.85bn | ¥2.21bn | ¥2.09bn | ¥1.54bn | ¥1.10bn | ¥877.9m | ¥994.2m |
| Debt | ¥1.07bn | ¥249.5m | ¥152.0m | ¥166.3m | ¥248.8m | ¥288.3m | ¥345.5m |
| Shareholders' equity | ¥2.23bn | ¥2.28bn | ¥1.80bn | ¥1.09bn | ¥409.6m | ¥159.3m | ¥171.2m |
| Shares outstanding | 12m | 13m | 13m | 13m | 12m | 12m | 12m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | ¥1.60bn | ¥907.1m | ¥1.08bn | ¥796.9m | ¥494.5m | −¥85.7m | ¥82.3m |
| Capital spending | −¥68.4m | −¥60.8m | −¥55.2m | −¥1.8m | −¥2.3m | −¥17.1m | −¥18.9m |
| Free cash flow | ¥1.54bn | ¥846.4m | ¥1.02bn | ¥795.1m | ¥492.2m | −¥102.7m | ¥63.4m |
| Dividends paid | −¥372.4m | −¥162.0m | — | — | — | — | — |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥2.51bn | ¥1.81bn | ¥1.66bn | ¥1.68bn | ¥1.52bn | ¥1.42bn | ¥1.39bn | ¥1.42bn |
| Gross profit | ¥1.76bn | ¥1.36bn | ¥1.24bn | ¥1.26bn | ¥1.12bn | ¥1.04bn | ¥1.03bn | ¥1.06bn |
| Operating income | ¥467.9m | ¥352.4m | ¥252.7m | ¥448.8m | ¥157.0m | ¥245.0m | ¥354.9m | ¥445.0m |
| Net income | ¥384.6m | ¥240.5m | ¥176.3m | ¥309.4m | ¥122.0m | ¥179.0m | ¥259.8m | ¥327.0m |
| Diluted earnings per share | 31.68 | 19.81 | 14.52 | 24.64 | 9.71 | 14.25 | 20.69 | 25.60 |
| Total assets | ¥6.09bn | ¥5.56bn | ¥4.68bn | ¥4.27bn | ¥4.49bn | ¥4.04bn | ¥4.16bn | ¥3.77bn |
| Cash and short-term investments | ¥4.24bn | ¥3.72bn | ¥3.56bn | ¥3.16bn | ¥3.42bn | ¥3.03bn | ¥3.22bn | ¥2.84bn |
| Debt | ¥245.8m | ¥112.1m | ¥210.3m | ¥73.3m | ¥249.5m | ¥65.2m | ¥214.8m | ¥53.5m |
| Shareholders' equity | ¥2.23bn | ¥2.68bn | ¥2.56bn | ¥2.37bn | ¥2.28bn | ¥2.19bn | ¥2.25bn | ¥1.96bn |
Financial ratios
Data as of 5 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 74.0% | 71.8% | 70.8% | 67.0% | 59.7% | 60.2% |
| Operating margin | 20.9% | 18.5% | 16.4% | 14.5% | -5.5% | 4.9% |
| Net margin | 15.5% | 13.7% | 11.9% | 8.3% | -3.9% | 3.6% |
| Return on equity | 39.0% | 34.0% | 33.0% | 45.7% | -48.2% | 45.7% |
| Return on assets | 19.8% | 15.7% | 13.7% | 12.4% | -7.4% | 6.7% |
| Free cash flow yield | 8.8% | 10.1% | 7.3% | 4.8% | — | — |
| Revenue growth | 29.1% | 47.3% | 34.2% | 13.7% | -9.3% | — |
| Earnings growth | 45.7% | 69.1% | 92.9% | -343.5% | -198.3% | — |
| Current ratio | 1.83x | 1.65x | 1.49x | 1.14x | 0.81x | 0.81x |
| Debt to equity | 0.11x | 0.08x | 0.15x | 0.61x | 0.75x | 0.66x |
| Equity ratio | 50.8% | 46.2% | 41.6% | 27.1% | 15.4% | 14.7% |
| Interest coverage | 673.55x | 556.18x | 220.83x | 96.43x | -30.28x | 25.99x |
| R&D as a share of sales | — | — | 0.4% | — | — | — |
| Buybacks as a share of market value | 1.7% | -1.6% | -6.1% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 36.2% | 31.0% | — |
| Operating income | 45.2% | — | — |
| Net income | 45.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 73.7% | 72.9% | 71.3% | — |
| Operating margin | 20.3% | 19.4% | 17.2% | — |
| Net margin | 14.9% | 14.2% | 12.3% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Price to earnings | 11.2 | 13.6 | 22.1 | 31.6 | 15.5 |
| Price to sales | 1.6 | 2.1 | 3.0 | 3.8 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 26 Feb 2026.
| FY2026 | FY2025 | |
|---|---|---|
| Paid in the year | 11.00 | 32.00 |
- 3-for-1 split · 29 Jun 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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