F 
509
+3.25%
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
¥6.10bn
FY2020FY2025
Net income
¥662.7m
FY2020FY2025
Free cash flow
¥1.01bn
FY2020FY2025
Shareholders' equity
¥3.80bn
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | ¥6.10bn | ¥5.01bn | ¥4.17bn | ¥3.75bn | ¥3.52bn | ¥3.31bn |
| Gross profit | ¥4.08bn | ¥3.46bn | ¥2.88bn | ¥2.55bn | ¥2.31bn | ¥2.14bn |
| Research and development | — | ¥1.0m | ¥1.1m | ¥5.0m | ¥5.0m | — |
| Operating income | ¥908.3m | ¥721.9m | ¥581.9m | ¥454.9m | ¥331.7m | ¥217.4m |
| Net income | ¥662.7m | ¥502.4m | ¥319.0m | ¥299.2m | ¥211.2m | ¥120.6m |
| Diluted earnings per share | 28.16 | 21.54 | 17.05 | 15.33 | 9.02 | 5.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | ¥5.74bn | ¥5.09bn | ¥3.31bn | ¥2.25bn | ¥2.60bn | ¥2.07bn |
| Cash and short-term investments | ¥3.33bn | ¥2.73bn | ¥2.39bn | ¥1.52bn | ¥1.82bn | ¥1.30bn |
| Total liabilities | ¥1.94bn | ¥1.72bn | ¥1.60bn | ¥1.44bn | ¥1.69bn | ¥1.34bn |
| Debt | ¥267.1m | ¥301.4m | ¥333.7m | ¥358.5m | ¥398.5m | ¥414.1m |
| Shareholders' equity | ¥3.80bn | ¥3.37bn | ¥1.70bn | ¥803.0m | ¥914.8m | ¥728.3m |
| Shares outstanding | 24m | 23m | 19m | 20m | 23m | 23m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | ¥1.02bn | ¥528.5m | ¥501.6m | ¥180.7m | ¥575.6m | ¥402.3m |
| Capital spending | −¥9.5m | −¥94.0m | −¥43.5m | −¥56.5m | −¥32.6m | −¥25.9m |
| Free cash flow | ¥1.01bn | ¥434.6m | ¥458.0m | ¥124.2m | ¥543.0m | ¥376.4m |
| Dividends paid | −¥129.8m | — | — | — | −¥443,000 | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.74bn | ¥1.85bn | ¥1.59bn | ¥1.56bn | ¥1.52bn | ¥1.64bn | ¥1.38bn | ¥1.33bn |
| Gross profit | ¥1.17bn | ¥1.24bn | ¥1.08bn | ¥1.04bn | ¥1.02bn | ¥1.10bn | ¥925.8m | ¥882.9m |
| Operating income | ¥350.0m | ¥440.8m | ¥302.0m | −¥11.2m | ¥273.8m | ¥400.4m | ¥248.0m | −¥6.8m |
| Net income | ¥258.9m | ¥309.6m | ¥230.4m | ¥14.6m | ¥191.5m | ¥281.2m | ¥175.0m | ¥15.0m |
| Diluted earnings per share | 11.06 | 13.22 | 9.79 | 0.62 | 8.14 | 11.95 | 7.50 | 0.64 |
| Cash from operations | — | — | — | ¥1.02bn | — | — | — | — |
| Capital spending | — | — | — | −¥9.0m | — | — | — | — |
| Free cash flow | — | — | — | ¥1.01bn | — | — | — | — |
| Total assets | ¥6.20bn | ¥5.74bn | ¥5.45bn | ¥5.74bn | ¥5.53bn | ¥5.02bn | ¥4.82bn | ¥5.08bn |
| Cash and short-term investments | ¥3.70bn | ¥2.96bn | ¥2.96bn | ¥3.33bn | ¥3.28bn | ¥2.62bn | ¥2.57bn | ¥2.73bn |
| Debt | ¥49.0m | ¥242.6m | ¥49.0m | ¥267.1m | ¥46.3m | ¥284.9m | ¥38.3m | ¥34.3m |
| Shareholders' equity | ¥4.45bn | ¥4.22bn | ¥3.88bn | ¥3.80bn | ¥3.75bn | ¥3.59bn | ¥3.37bn | ¥3.37bn |
Financial ratios
Data as of 4 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 66.9% | 69.0% | 68.9% | 67.8% | 65.6% | 64.6% |
| Operating margin | 14.9% | 14.4% | 13.9% | 12.1% | 9.0% | 6.3% |
| Net margin | 10.9% | 10.0% | 7.6% | 8.0% | 6.0% | 3.6% |
| Return on equity | 17.4% | 14.9% | 18.7% | 37.3% | 23.1% | 16.6% |
| Return on assets | 11.5% | 9.9% | 9.6% | 13.3% | 8.1% | 5.8% |
| Free cash flow yield | 7.9% | 4.1% | 4.9% | 1.7% | — | — |
| Revenue growth | 21.8% | 19.9% | 11.2% | 6.5% | 6.3% | — |
| Earnings growth | 31.9% | 57.5% | 6.6% | 41.7% | 75.2% | — |
| Current ratio | 2.40x | 2.79x | 2.33x | 1.84x | 1.81x | 1.98x |
| Debt to equity | 0.07x | 0.09x | 0.20x | 0.45x | 0.44x | 0.57x |
| Equity ratio | 66.2% | 66.2% | 51.5% | 35.7% | 35.1% | 35.1% |
| Interest coverage | 264.49x | 229.84x | 715.74x | 556.82x | 214.39x | 100.41x |
| R&D as a share of sales | — | 0.0% | 0.0% | 0.1% | 0.1% | — |
| Buybacks as a share of market value | -0.9% | -24.6% | 4.1% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.5% | 13.0% | — |
| Operating income | 25.9% | 33.1% | — |
| Net income | 30.4% | 40.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 67.9% | 68.1% | 67.3% | — |
| Operating margin | 14.7% | 14.0% | 12.4% | — |
| Net margin | 10.5% | 9.4% | 8.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 24.8 | 22.7 | 22.1 | 17.8 |
| Price to sales | 2.7 | 2.3 | 1.7 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 29 Sept 2025.
| FY2026 | FY2025 | |
|---|---|---|
| Paid in the year | 7.50 | 6.00 |
- 2-for-1 split · 28 Mar 2025
- 3-for-1 split · 28 Mar 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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