I 
2,325
+0.74%
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
¥36.62bn
FY2017FY2026
Net income
−¥1.84bn
FY2017FY2026
Free cash flow
¥3.16bn
FY2017FY2026
Shareholders' equity
¥36.97bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥36.62bn | ¥40.56bn | ¥40.56bn | ¥42.40bn | ¥40.03bn | ¥41.57bn | ¥42.28bn | ¥38.14bn | ¥36.12bn | ¥38.49bn |
| Gross profit | ¥5.36bn | ¥9.72bn | ¥9.73bn | ¥10.10bn | ¥8.48bn | ¥8.58bn | ¥9.16bn | ¥7.58bn | ¥7.45bn | ¥8.18bn |
| Research and development | ¥237.0m | ¥266.0m | ¥426.0m | ¥689.0m | ¥1.32bn | ¥646.0m | ¥486.0m | ¥405.0m | ¥307.0m | ¥88.0m |
| Operating income | −¥647.0m | ¥3.54bn | ¥2.88bn | ¥3.80bn | ¥1.96bn | ¥2.79bn | ¥2.90bn | ¥2.17bn | ¥1.61bn | ¥2.41bn |
| Net income | −¥1.84bn | ¥2.44bn | ¥1.79bn | ¥2.54bn | ¥1.30bn | ¥1.43bn | ¥2.06bn | ¥1.49bn | ¥1.06bn | ¥1.61bn |
| Diluted earnings per share | -88.53 | 117.04 | 86.30 | 122.14 | 62.51 | 63.91 | 86.66 | 62.68 | 39.93 | 61.79 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥49.36bn | ¥56.90bn | ¥54.55bn | ¥48.59bn | ¥46.91bn | ¥51.34bn | ¥52.78bn | ¥54.50bn | ¥55.64bn | ¥56.63bn |
| Cash and short-term investments | ¥8.59bn | ¥8.21bn | ¥6.48bn | ¥11.68bn | ¥12.24bn | ¥12.90bn | ¥22.05bn | ¥9.94bn | ¥11.26bn | ¥10.96bn |
| Total liabilities | ¥12.39bn | ¥17.71bn | ¥16.64bn | ¥12.30bn | ¥12.29bn | ¥12.54bn | ¥14.91bn | ¥17.96bn | ¥17.07bn | ¥18.64bn |
| Debt | ¥3.75bn | ¥7.58bn | ¥5.00bn | ¥9.0m | ¥13.0m | ¥23.0m | ¥40.0m | ¥81.0m | ¥76.0m | ¥101.0m |
| Shareholders' equity | ¥36.97bn | ¥39.19bn | ¥37.79bn | ¥36.29bn | ¥34.62bn | ¥38.80bn | ¥37.87bn | ¥36.54bn | ¥38.57bn | ¥37.99bn |
| Shares outstanding | 21m | 21m | 21m | 21m | 21m | 22m | 24m | 24m | 26m | 26m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥3.48bn | ¥1.48bn | ¥2.14bn | ¥2.33bn | ¥6.43bn | ¥1.92bn | ¥1.51bn | ¥4.34bn | ¥2.93bn | ¥7.26bn |
| Capital spending | −¥316.0m | −¥1.43bn | −¥9.63bn | −¥1.63bn | −¥1.64bn | −¥1.38bn | −¥2.54bn | −¥709.0m | −¥1.58bn | −¥835.0m |
| Free cash flow | ¥3.16bn | ¥46.0m | −¥7.48bn | ¥700.0m | ¥4.79bn | ¥542.0m | −¥1.02bn | ¥3.63bn | ¥1.35bn | ¥6.42bn |
| Dividends paid | −¥1.14bn | −¥1.04bn | −¥1.04bn | −¥831.0m | −¥1.05bn | −¥949.0m | −¥712.0m | −¥534.0m | −¥522.0m | −¥438.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥8.69bn | ¥11.40bn | ¥8.73bn | ¥8.77bn | ¥7.71bn | ¥12.42bn | ¥9.51bn | ¥10.20bn |
| Gross profit | ¥1.53bn | ¥1.53bn | ¥1.63bn | ¥1.43bn | ¥766.0m | ¥3.52bn | ¥2.19bn | ¥2.78bn |
| Operating income | −¥78.0m | ¥87.0m | ¥185.0m | −¥40.0m | −¥879.0m | ¥2.00bn | ¥664.0m | ¥1.20bn |
| Net income | −¥80.0m | −¥1.38bn | ¥136.0m | ¥17.0m | −¥618.0m | ¥1.44bn | ¥461.0m | ¥812.0m |
| Diluted earnings per share | -3.84 | -66.19 | 6.53 | 0.82 | -29.69 | 69.09 | 22.16 | 39.04 |
| Cash from operations | ¥7.69bn | −¥1.85bn | −¥752.0m | −¥3.38bn | ¥9.46bn | −¥1.71bn | −¥709.0m | −¥1.61bn |
| Capital spending | −¥211.0m | −¥15.0m | −¥102.0m | −¥4.0m | −¥195.0m | −¥315.0m | −¥257.0m | −¥11.0m |
| Free cash flow | ¥7.48bn | −¥1.86bn | −¥854.0m | −¥3.38bn | ¥9.26bn | −¥2.02bn | −¥966.0m | −¥1.62bn |
| Total assets | ¥48.74bn | ¥49.36bn | ¥49.56bn | ¥50.67bn | ¥51.67bn | ¥56.90bn | ¥51.28bn | ¥52.37bn |
| Cash and short-term investments | ¥16.14bn | ¥8.59bn | ¥9.98bn | ¥10.16bn | ¥14.34bn | ¥8.21bn | ¥6.14bn | ¥7.89bn |
| Debt | ¥833.0m | ¥3.75bn | ¥833.0m | ¥4.17bn | ¥833.0m | ¥7.58bn | ¥833.0m | ¥5.00bn |
| Shareholders' equity | ¥36.54bn | ¥36.97bn | ¥37.77bn | ¥38.13bn | ¥38.00bn | ¥39.19bn | ¥37.88bn | ¥37.85bn |
Financial ratios
Data as of 18 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 14.6% | 24.0% | 24.0% | 23.8% | 21.2% | 20.6% |
| Operating margin | -1.8% | 8.7% | 7.1% | 9.0% | 4.9% | 6.7% |
| Net margin | -5.0% | 6.0% | 4.4% | 6.0% | 3.2% | 3.4% |
| Return on equity | -5.0% | 6.2% | 4.7% | 7.0% | 3.8% | 3.7% |
| Return on assets | -3.7% | 4.3% | 3.3% | 5.2% | 2.8% | 2.8% |
| Free cash flow yield | 8.4% | 6.5% | 26.2% | 8.8% | 17.9% | 6.8% |
| Revenue growth | -9.7% | 0.0% | -4.4% | 5.9% | -3.7% | -1.7% |
| Earnings growth | -175.7% | 35.7% | -29.4% | 95.5% | -9.2% | -30.6% |
| Current ratio | 3.21x | 2.49x | 2.67x | 3.89x | 3.65x | 4.29x |
| Debt to equity | 0.10x | 0.19x | 0.13x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 74.9% | 68.9% | 69.3% | 74.7% | 73.8% | 75.6% |
| Interest coverage | -11.76x | 88.42x | 261.73x | 20.89x | 35.69x | 3.93x |
| R&D as a share of sales | 0.6% | 0.7% | 1.1% | 1.6% | 3.3% | 1.6% |
| Buybacks as a share of market value | -0.0% | -0.1% | 0.0% | -0.0% | 7.2% | 5.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.8% | -2.5% | -0.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.5% | 21.8% | 21.5% | 21.1% |
| Operating margin | 3.7% | 6.0% | 5.9% | 5.9% |
| Net margin | 0.8% | 3.1% | 3.2% | 3.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4844.8 | 16.7 | 21.2 | 13.2 | 21.9 | 23.6 | 16.1 | 21.8 | 28.6 | 18.9 |
| Price to sales | 243.8 | 1.0 | 0.9 | 0.8 | 0.7 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 19 years. Last went ex-dividend on 29 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 25.00 | 85.00 | 50.00 | 50.00 | 40.00 | 45.00 | 25.00 | 30.00 |
- 11-for-10 split · 26 Mar 1991
- 6-for-5 split · 27 Mar 1990
- 3-for-2 split · 26 Sept 1989
- 11-for-10 split · 28 Mar 1989
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.