T 
1.38
+4.55%
Close of 9 Nov 2026, in USD
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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
¥3.22bn
FY2023FY2026
Net income
¥18.1m
FY2023FY2026
Free cash flow
−¥722.1m
FY2023FY2026
Shareholders' equity
¥1.20bn
FY2023FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | ¥3.22bn | ¥3.41bn | ¥3.46bn | ¥3.01bn |
| Gross profit | ¥255.0m | ¥623.2m | ¥780.6m | ¥581.8m |
| Operating income | −¥690.6m | −¥71.4m | ¥160.3m | ¥72.4m |
| Net income | ¥18.1m | ¥14.6m | ¥137.4m | ¥33.0m |
| Diluted earnings per share | 0.40 | 0.28 | 2.71 | 0.65 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Total assets | ¥3.29bn | ¥3.67bn | ¥3.41bn | ¥3.26bn |
| Cash and short-term investments | ¥389.6m | ¥187.1m | ¥94.1m | ¥69.5m |
| Total liabilities | ¥2.09bn | ¥2.89bn | ¥3.02bn | ¥3.04bn |
| Debt | ¥1.35bn | ¥2.75bn | ¥2.33bn | ¥2.39bn |
| Shareholders' equity | ¥1.20bn | ¥780.2m | ¥386.8m | ¥219.4m |
| Shares outstanding | 45m | 52m | 51m | 51m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash from operations | −¥672.2m | −¥190.4m | ¥142.9m | ¥313.3m |
| Capital spending | −¥49.9m | −¥44.4m | −¥98.5m | −¥92.8m |
| Free cash flow | −¥722.1m | −¥234.8m | ¥44.4m | ¥220.5m |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥6.4m | ¥3.54bn | ¥6.2m | ¥5.4m | ¥5.9m | ¥4.7m | ¥5.0m | ¥6.9m |
| Gross profit | ¥1.0m | ¥700.5m | ¥1.0m | ¥1.2m | ¥1.3m | ¥1.2m | ¥1.3m | ¥1.3m |
| Operating income | ¥198,038 | −¥74.1m | ¥190,212 | ¥82,259 | ¥90,058 | ¥498,147 | ¥529,468 | ¥134,352 |
| Net income | ¥64,639 | ¥15.1m | ¥62,084 | −¥11,150 | −¥12,207 | ¥417,965 | ¥444,245 | ¥10,416 |
| Diluted earnings per share | 0.00 | 0.31 | 0.00 | -0.00 | -0.00 | 0.01 | 0.01 | 0.00 |
| Cash from operations | −¥1.0m | −¥356.0m | −¥1.0m | ¥159.0m | — | — | — | — |
| Capital spending | — | −¥44.0m | — | −¥3.0m | — | — | — | — |
| Free cash flow | — | −¥400.0m | — | ¥156.0m | — | — | — | — |
| Total assets | ¥25.51bn | — | ¥24.50bn | ¥2.64bn | ¥18.34bn | ¥3.41bn | ¥22.51bn | — |
| Cash and short-term investments | ¥135.5m | — | ¥130.2m | ¥39.8m | ¥536.6m | ¥94.1m | ¥723.7m | — |
| Debt | ¥3.44bn | — | ¥3.31bn | ¥1.12bn | ¥2.48bn | ¥1.15bn | ¥2.57bn | — |
| Shareholders' equity | ¥5.42bn | — | ¥5.21bn | ¥383.3m | ¥2.67bn | ¥386.8m | ¥2.56bn | — |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Gross margin | 18.3% | 22.6% | 19.3% |
| Operating margin | 1.6% | 7.3% | 2.4% |
| Net margin | 0.4% | 4.0% | 1.1% |
| Return on equity | 1.9% | 35.5% | 15.0% |
| Return on assets | 0.4% | 4.0% | 1.0% |
| Free cash flow yield | -222.6% | 377.5% | 635.1% |
| Revenue growth | -1.4% | 14.9% | — |
| Earnings growth | -89.4% | 317.0% | — |
| Current ratio | 0.99x | 0.92x | 0.75x |
| Debt to equity | 0.63x | 2.98x | 5.17x |
| Equity ratio | 21.3% | 11.4% | 6.7% |
| Interest coverage | 2.61x | 11.72x | 3.42x |
| Buybacks as a share of market value | -2.6% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.2% | — | — |
| Net income | -18.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.4% | — | — | — |
Valuation history
At each fiscal year end
| FY2026 | |
|---|---|
| Price to sales | 3.0 |
Market value over time
29 Aug 2025 to 22 Oct 2026, in JPY
¥271.8m¥65.6m
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 10 Aug 2026
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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