G 
333
-4.86%
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
¥1.76bn
FY2020FY2025
Net income
−¥31.7m
FY2020FY2025
Free cash flow
−¥25.1m
FY2020FY2025
Shareholders' equity
¥717.5m
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | ¥1.76bn | ¥1.56bn | ¥1.52bn | ¥1.48bn | ¥1.22bn | ¥882.9m |
| Gross profit | ¥1.23bn | ¥1.22bn | ¥1.31bn | ¥1.39bn | ¥1.15bn | ¥823.5m |
| Research and development | — | ¥25.0m | — | — | — | — |
| Operating income | −¥35.3m | −¥269.4m | ¥139.3m | ¥460.4m | ¥294.1m | ¥121.1m |
| Net income | −¥31.7m | −¥629.0m | ¥58.9m | ¥297.2m | ¥202.0m | ¥86.4m |
| Diluted earnings per share | -3.77 | -75.81 | 7.17 | 36.89 | 23.94 | 10.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | ¥2.17bn | ¥2.57bn | ¥3.23bn | ¥2.91bn | ¥1.96bn | ¥1.31bn |
| Cash and short-term investments | ¥1.37bn | ¥1.66bn | ¥1.74bn | ¥2.16bn | ¥1.17bn | ¥796.4m |
| Total liabilities | ¥1.46bn | ¥1.82bn | ¥1.85bn | ¥1.59bn | ¥1.51bn | ¥1.06bn |
| Debt | ¥606.9m | ¥928.3m | ¥944.4m | ¥611.9m | ¥336.6m | ¥376.7m |
| Shareholders' equity | ¥717.5m | ¥750.3m | ¥1.38bn | ¥1.32bn | ¥451.1m | ¥249.1m |
| Shares outstanding | 8m | 8m | 8m | 8m | 8m | 8m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | −¥24.7m | −¥4.7m | −¥148.8m | ¥209.6m | ¥400.3m | ¥285.7m |
| Capital spending | −¥377,000 | −¥18.8m | −¥5.3m | −¥47.9m | −¥1.2m | −¥13.0m |
| Free cash flow | −¥25.1m | −¥23.5m | −¥154.1m | ¥161.7m | ¥399.1m | ¥272.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥428.9m | ¥502.2m | ¥473.1m | ¥419.2m | ¥430.7m | ¥432.5m | ¥402.0m | ¥378.7m |
| Gross profit | ¥332.3m | ¥330.2m | ¥336.4m | ¥301.2m | ¥296.1m | ¥297.8m | ¥282.6m | ¥291.1m |
| Operating income | −¥4.7m | ¥36.6m | ¥23.5m | −¥9.3m | −¥33.0m | −¥16.5m | −¥83.1m | −¥78.6m |
| Net income | −¥6.3m | ¥40.3m | ¥32.1m | −¥11.0m | −¥34.3m | −¥18.4m | −¥484.6m | −¥58.6m |
| Diluted earnings per share | -0.74 | 4.77 | 3.82 | -1.31 | -4.08 | -2.19 | -58.41 | -7.07 |
| Total assets | ¥2.11bn | ¥2.22bn | ¥2.17bn | ¥2.18bn | ¥2.22bn | ¥2.33bn | ¥2.57bn | ¥2.80bn |
| Cash and short-term investments | ¥1.36bn | ¥1.36bn | ¥1.37bn | ¥1.24bn | ¥1.33bn | ¥1.39bn | ¥1.66bn | ¥1.48bn |
| Debt | ¥460.4m | ¥267.9m | ¥606.9m | ¥288.6m | ¥688.9m | ¥268.0m | ¥372.9m | ¥246.3m |
| Shareholders' equity | ¥755.7m | ¥757.2m | ¥717.5m | ¥688.6m | ¥699.0m | ¥733.2m | ¥750.3m | ¥1.23bn |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 70.2% | 78.2% | 85.7% | 94.0% | 94.2% | 93.3% |
| Operating margin | -1.7% | -30.8% | 6.4% | 31.1% | 24.0% | 13.7% |
| Net margin | -1.8% | -40.3% | 3.9% | 20.1% | 16.6% | 9.8% |
| Return on equity | -4.4% | -83.8% | 4.3% | 22.6% | 44.8% | 34.7% |
| Return on assets | -1.5% | -24.5% | 1.8% | 10.2% | 10.3% | 6.6% |
| Free cash flow yield | -0.7% | -0.1% | -4.4% | 6.3% | — | — |
| Revenue growth | 12.6% | 2.4% | 2.9% | 21.8% | 37.7% | — |
| Earnings growth | -95.0% | -1168.3% | -80.2% | 47.1% | 133.9% | — |
| Current ratio | 1.81x | 1.82x | 2.20x | 2.39x | 1.43x | 1.45x |
| Debt to equity | 0.85x | 1.24x | 0.69x | 0.46x | 0.75x | 1.51x |
| Equity ratio | 33.0% | 29.2% | 42.6% | 45.3% | 23.0% | 19.0% |
| Interest coverage | -3.35x | -70.29x | 19.81x | 96.42x | 93.97x | 58.07x |
| R&D as a share of sales | — | 1.6% | — | — | — | — |
| Buybacks as a share of market value | -1.3% | -1.1% | -1.9% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.8% | 14.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 73.9% | 81.5% | 84.5% | — |
| Operating margin | -9.2% | 4.7% | 8.4% | — |
| Net margin | -19.9% | -4.8% | -0.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -110.2 | -13.0 | 77.4 | 21.8 |
| Price to sales | 2.0 | 5.3 | 3.0 | 4.4 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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