Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-27
StandardIFRS
ConsolidatedYes
Data checks21 of 21 passed
Key figures · 147
MetricValuePeriodScopeSource row
Revenue¥26.8bn2025-01-01 → 2025-12-31Cons.Revenue IFRS
Revenue¥23.6bn2024-01-01 → 2024-12-31Cons.Revenue IFRS
Revenue¥26.0bn2023-01-01 → 2023-12-31vCons.Revenue IFRS (5-year summary)
Revenue¥17.4bn2022-01-01 → 2022-12-31vCons.Revenue IFRS (5-year summary)
Revenue¥12.7bn2021-01-01 → 2021-12-31dCons.Revenue IFRS (5-year summary)
Operating income−¥3.5bn2025-01-01 → 2025-12-31Cons.Operating profit loss IFRS
Operating income¥1.4bn2024-01-01 → 2024-12-31Cons.Operating profit loss IFRS
Profit before tax−¥4.6bn2025-01-01 → 2025-12-31Cons.Profit loss before tax IFRS
Profit before tax¥238m2024-01-01 → 2024-12-31Cons.Profit loss before tax IFRS
Profit before tax¥12.6bn2023-01-01 → 2023-12-31vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥767m2022-01-01 → 2022-12-31vCons.Profit loss before tax IFRS (5-year summary)
Profit before tax¥1.1bn2021-01-01 → 2021-12-31dCons.Profit loss before tax IFRS (5-year summary)
Net income (owners)−¥4.2bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥1.1bn2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent IFRS
Net income (owners)¥8.1bn2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥388m2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income (owners)¥1.1bn2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent IFRS (5-year summary)
Net income−¥7.2bn2025-01-01 → 2025-12-31Cons.Profit loss IFRS
Net income−¥9m2024-01-01 → 2024-12-31Cons.Profit loss IFRS
Net income¥9.5bn2023-01-01 → 2023-12-31vCons.Profit loss IFRS (5-year summary)
Net income−¥868m2022-01-01 → 2022-12-31vCons.Profit loss IFRS (5-year summary)
Net income¥55m2021-01-01 → 2021-12-31dCons.Profit loss IFRS (5-year summary)
Total assets¥83.8bnat 2025-12-31Cons.Assets IFRS
Total assets¥71.9bnat 2024-12-31Cons.Assets IFRS
Total assets¥64.3bnat 2023-12-31vCons.Total assets IFRS (5-year summary)
Total assets¥33.9bnat 2022-12-31vCons.Total assets IFRS (5-year summary)
Total assets¥30.3bnat 2021-12-31dCons.Total assets IFRS (5-year summary)
Total liabilities¥31.9bnat 2025-12-31Cons.Liabilities IFRS
Total liabilities¥32.2bnat 2024-12-31Cons.Liabilities IFRS
Net assets / equity¥51.8bnat 2025-12-31Cons.Equity IFRS
Net assets / equity¥39.7bnat 2024-12-31Cons.Equity IFRS
Net assets / equity¥36.5bnat 2023-12-31vCons.Equity IFRS
Equity (owners)¥50.3bnat 2025-12-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥36.4bnat 2024-12-31Cons.Equity attributable to owners of parent IFRS
Equity (owners)¥33.8bnat 2023-12-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥21.0bnat 2022-12-31vCons.Equity attributable to owners of parent IFRS (5-year summary)
Equity (owners)¥18.9bnat 2021-12-31dCons.Equity attributable to owners of parent IFRS (5-year summary)
Cash & equivalents¥21.1bnat 2025-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥10.1bnat 2024-12-31Cons.Cash and cash equivalents IFRS
Cash & equivalents¥21.6bnat 2023-12-31vCons.Cash and cash equivalents IFRS
Cash & equivalents¥11.0bnat 2022-12-31vCons.Cash and cash equivalents IFRS (5-year summary)
Cash & equivalents¥14.4bnat 2021-12-31dCons.Cash and cash equivalents IFRS (5-year summary)
Operating cash flow−¥2.4bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow−¥3.2bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities IFRS
Operating cash flow¥6.5bn2023-01-01 → 2023-12-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥393m2022-01-01 → 2022-12-31vCons.Cash flows from used in operating activities IFRS (5-year summary)
Operating cash flow¥552m2021-01-01 → 2021-12-31dCons.Cash flows from used in operating activities IFRS (5-year summary)
Investing cash flow−¥536m2025-01-01 → 2025-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥10.4bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in investing activities IFRS
Investing cash flow−¥6.8bn2023-01-01 → 2023-12-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥4.1bn2022-01-01 → 2022-12-31vCons.Cash flows from used in investing activities IFRS (5-year summary)
Investing cash flow−¥260m2021-01-01 → 2021-12-31dCons.Cash flows from used in investing activities IFRS (5-year summary)
Financing cash flow¥13.7bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow¥694m2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities IFRS
Financing cash flow¥10.7bn2023-01-01 → 2023-12-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow−¥646m2022-01-01 → 2022-12-31vCons.Cash flows from used in financing activities IFRS (5-year summary)
Financing cash flow¥2.9bn2021-01-01 → 2021-12-31dCons.Cash flows from used in financing activities IFRS (5-year summary)
EPS (basic)¥-80.92025-01-01 → 2025-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥21.962024-01-01 → 2024-12-31Cons.Basic earnings loss per share IFRS
EPS (basic)¥169.52023-01-01 → 2023-12-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥8.192022-01-01 → 2022-12-31vCons.Basic earnings loss per share IFRS (5-year summary)
EPS (basic)¥22.722021-01-01 → 2021-12-31dCons.Basic earnings loss per share IFRS (5-year summary)
EPS (diluted)¥-80.92025-01-01 → 2025-12-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥21.152024-01-01 → 2024-12-31Cons.Diluted earnings loss per share IFRS
EPS (diluted)¥165.562023-01-01 → 2023-12-31vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥8.112022-01-01 → 2022-12-31vCons.Diluted earnings loss per share IFRS (5-year summary)
EPS (diluted)¥22.082021-01-01 → 2021-12-31dCons.Diluted earnings loss per share IFRS (5-year summary)
Net assets per share¥903.93at 2025-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥726.67at 2024-12-31Cons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥678.01at 2023-12-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥441.59at 2022-12-31vCons.Equity to asset ratio IFRS (5-year summary)
Net assets per share¥397.38at 2021-12-31dCons.Equity to asset ratio IFRS (5-year summary)
Equity ratio60.1%at 2025-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio50.7%at 2024-12-31Cons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio52.6%at 2023-12-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio61.8%at 2022-12-31vCons.Ratio of owners equity to gross assets IFRS (5-year summary)
Equity ratio62.3%at 2021-12-31dCons.Ratio of owners equity to gross assets IFRS (5-year summary)
ROE-9.8%2025-01-01 → 2025-12-31Cons.Rate of return on equity IFRS (5-year summary)
ROE3.1%2024-01-01 → 2024-12-31Cons.Rate of return on equity IFRS (5-year summary)
ROE29.6%2023-01-01 → 2023-12-31vCons.Rate of return on equity IFRS (5-year summary)
ROE2.0%2022-01-01 → 2022-12-31vCons.Rate of return on equity IFRS (5-year summary)
ROE7.1%2021-01-01 → 2021-12-31dCons.Rate of return on equity IFRS (5-year summary)
Employees990at 2025-12-31Cons.Number of employees
Employees867at 2024-12-31Cons.Number of employees
Employees843at 2023-12-31vCons.Number of employees
Employees701at 2022-12-31vCons.Number of employees
Employees629at 2021-12-31dCons.Number of employees
Revenue¥21m2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥24m2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥22m2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥22m2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥225m2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income−¥662m2025-01-01 → 2025-12-31StandaloneOperating income
Operating income−¥657m2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income−¥1.9bn2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income¥5.9bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income−¥30m2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥552m2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥436m2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥2.3bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax¥5.9bn2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income−¥1.8bn2025-01-01 → 2025-12-31StandaloneProfit loss
Net income¥5.9bn2024-01-01 → 2024-12-31StandaloneProfit loss
Net income−¥1.0bn2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income−¥1.2bn2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income−¥437m2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥48.8bnat 2025-12-31StandaloneAssets
Total assets¥39.9bnat 2024-12-31StandaloneAssets
Total assets¥30.6bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥15.5bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥16.5bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥13.5bnat 2025-12-31StandaloneLiabilities
Total liabilities¥15.9bnat 2024-12-31StandaloneLiabilities
Net assets / equity¥35.4bnat 2025-12-31StandaloneNet assets
Net assets / equity¥24.1bnat 2024-12-31StandaloneNet assets
Net assets / equity¥17.7bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥14.6bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥15.7bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥11.8bnat 2025-12-31StandaloneCash and deposits
Cash and deposits¥1.5bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥-34.712025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥118.062024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-21.922023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-25.52022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-9.332021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
EPS (diluted)¥113.72024-01-01 → 2024-12-31StandaloneDiluted earnings per share (5-year summary)
Net assets per share¥635.34at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥480.08at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥355.54at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥306.75at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥329.22at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio72.4%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio60.2%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio57.8%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio93.0%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio94.5%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
ROE28.2%2024-01-01 → 2024-12-31StandaloneRate of return on equity (5-year summary)
Shares issued55,682,069at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued50,168,243at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued49,857,243at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued47,487,843at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued47,462,943at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees14at 2025-12-31StandaloneNumber of employees
Employees15at 2024-12-31StandaloneNumber of employees
Employees10at 2023-12-31vStandaloneNumber of employees
Employees9at 2022-12-31vStandaloneNumber of employees
Employees7at 2021-12-31dStandaloneNumber of employees

Periods use the dates stated in the filing. d = earlier-year period dated by calendar; v = that date confirmed by the company's own earlier filing.

Segments · 20
SegmentItemPeriodValue
Medical Devicereportable segmentemployeesat 2025-12-31193 pure
Medical Devicereportable segmentrevenue2025-01-01 → 2025-12-31¥7.7bn
Medical Devicereportable segmentrevenue external2025-01-01 → 2025-12-31¥7.7bn
Medical Devicereportable segmentsegment profit2025-01-01 → 2025-12-31¥533m
Pharmaceuticalreportable segmentemployeesat 2025-12-31797 pure
Pharmaceuticalreportable segmentrevenue2025-01-01 → 2025-12-31¥19.2bn
Pharmaceuticalreportable segmentrevenue external2025-01-01 → 2025-12-31¥19.2bn
Pharmaceuticalreportable segmentsegment profit2025-01-01 → 2025-12-31−¥4.0bn
—segment totalrevenue2025-01-01 → 2025-12-31¥26.8bn
—segment totalrevenue external2025-01-01 → 2025-12-31¥26.8bn
—segment totalsegment profit2025-01-01 → 2025-12-31−¥3.5bn
Medical Devicereportable segmentrevenue2024-01-01 → 2024-12-31¥5.3bn
Medical Devicereportable segmentrevenue external2024-01-01 → 2024-12-31¥5.3bn
Medical Devicereportable segmentsegment profit2024-01-01 → 2024-12-31¥1.0bn
Pharmaceuticalreportable segmentrevenue2024-01-01 → 2024-12-31¥18.3bn
Pharmaceuticalreportable segmentrevenue external2024-01-01 → 2024-12-31¥18.3bn
Pharmaceuticalreportable segmentsegment profit2024-01-01 → 2024-12-31¥371m
—segment totalrevenue2024-01-01 → 2024-12-31¥23.6bn
—segment totalrevenue external2024-01-01 → 2024-12-31¥23.6bn
—segment totalsegment profit2024-01-01 → 2024-12-31¥1.4bn

Segment names come from EDINET member IDs; not yet mapped to a common taxonomy.

All source rows · 1,753
ItemContextValueUnit
Number of shareholders foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember132
Number of shareholders foreign individual investorsCurrentYearInstant_OrdinaryShareMember121
Number of shareholders individuals and othersCurrentYearInstant_OrdinaryShareMember17215
Number of shareholders totalCurrentYearInstant_OrdinaryShareMember17674
Number of shares held number of units national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Number of shares held number of units financial institutionsCurrentYearInstant_OrdinaryShareMember12998
Number of shares held number of units financial service providersCurrentYearInstant_OrdinaryShareMember42900
Number of shares held number of units other corporationsCurrentYearInstant_OrdinaryShareMember6883
Number of shares held number of units foreign investors other than individualsCurrentYearInstant_OrdinaryShareMember96188
Number of shares held number of units foreign individual investorsCurrentYearInstant_OrdinaryShareMember7671
Number of shares held number of units individuals and othersCurrentYearInstant_OrdinaryShareMember389844
Number of shares held number of units totalCurrentYearInstant_OrdinaryShareMember556484
Number of shares held shares less than one unitCurrentYearInstant_OrdinaryShareMember33669
Percentage of shareholdings national and local governmentsCurrentYearInstant_OrdinaryShareMember-
Percentage of shareholdings financial institutionsCurrentYearInstant_OrdinaryShareMember0.0234
Percentage of shareholdings financial service providersCurrentYearInstant_OrdinaryShareMember0.0771
Percentage of shareholdings other corporationsCurrentYearInstant_OrdinaryShareMember0.0124
Percentage of shareholdings foreigners other than individualsCurrentYearInstant_OrdinaryShareMember0.1728
Percentage of shareholdings foreign individualsCurrentYearInstant_OrdinaryShareMember0.0138
Percentage of shareholdings individuals and othersCurrentYearInstant_OrdinaryShareMember0.7005
Number of shares heldCurrentYearInstant_No1MajorShareholdersMember1992500
Shareholding ratioCurrentYearInstant_No1MajorShareholdersMember0.0358
Number of shares heldCurrentYearInstant_No2MajorShareholdersMember1621714
Shareholding ratioCurrentYearInstant_No2MajorShareholdersMember0.0291
Number of shares heldCurrentYearInstant_No3MajorShareholdersMember1221448
Shareholding ratioCurrentYearInstant_No3MajorShareholdersMember0.0219
Number of shares heldCurrentYearInstant_No4MajorShareholdersMember1080000
Shareholding ratioCurrentYearInstant_No4MajorShareholdersMember0.0194
Number of shares heldCurrentYearInstant_No5MajorShareholdersMember1065532
Shareholding ratioCurrentYearInstant_No5MajorShareholdersMember0.0191
Number of shares heldCurrentYearInstant_No6MajorShareholdersMember820588
Shareholding ratioCurrentYearInstant_No6MajorShareholdersMember0.0147
Number of shares heldCurrentYearInstant_No7MajorShareholdersMember683500
Shareholding ratioCurrentYearInstant_No7MajorShareholdersMember0.0123
Number of shares heldCurrentYearInstant_No8MajorShareholdersMember672300
Shareholding ratioCurrentYearInstant_No8MajorShareholdersMember0.0121
Number of shares heldCurrentYearInstant_No9MajorShareholdersMember625600
Shareholding ratioCurrentYearInstant_No9MajorShareholdersMember0.0112
Number of shares heldCurrentYearInstant_No10MajorShareholdersMember593400
Shareholding ratioCurrentYearInstant_No10MajorShareholdersMember0.0107
Number of shares heldCurrentYearInstant10376582
Shareholding ratioCurrentYearInstant0.1863
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithNoVotingRightsMember-
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsTreasurySharesEtcMember-
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsOtherMember-
Number of voting rights issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsOtherMember-
Number of shares issued shares voting rightsCurrentYearInstant_OrdinarySharesTreasurySharesSharesWithFullVotingRightsTreasurySharesEtcMember13600
Number of shares issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesWithFullVotingRightsOtherMember55634800
Number of voting rights issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesWithFullVotingRightsOtherMember556348
Number of shares issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesLessThanOneUnitMember33669

Every row of the EDINET CSV. Item names are the XBRL element names; filed text is kept in its original Japanese. Filed text is available on Plus and Pro.

Data checks · 21 of 21 passed
balance sheet identityconsolidated 2024-12-31pass
balance sheet identityconsolidated 2025-12-31pass rounding
balance sheet identitynon_consolidated 2024-12-31pass rounding
balance sheet identitynon_consolidated 2025-12-31pass
dei present pass
period resolution pass
statement vs summary · net assetsnon_consolidated 2023-12-31pass
statement vs summary · net assetsnon_consolidated 2024-12-31pass
statement vs summary · net assetsnon_consolidated 2025-12-31pass
statement vs summary · net income attributable to parentconsolidated 2024-01-01/2024-12-31pass
statement vs summary · net income attributable to parentconsolidated 2025-01-01/2025-12-31pass
statement vs summary · operating cash flowconsolidated 2024-01-01/2024-12-31pass
statement vs summary · operating cash flowconsolidated 2025-01-01/2025-12-31pass
statement vs summary · revenueconsolidated 2024-01-01/2024-12-31pass
statement vs summary · revenueconsolidated 2025-01-01/2025-12-31pass
statement vs summary · revenuenon_consolidated 2024-01-01/2024-12-31pass
statement vs summary · revenuenon_consolidated 2025-01-01/2025-12-31pass
statement vs summary · total assetsconsolidated 2024-12-31pass
statement vs summary · total assetsconsolidated 2025-12-31pass
statement vs summary · total assetsnon_consolidated 2024-12-31pass
statement vs summary · total assetsnon_consolidated 2025-12-31pass