Annual report

Period2025-04-01 → 2026-03-31
Filed2026-06-18
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 148
MetricValuePeriodScopeSource row
Revenue¥36.6bn2025-04-01 → 2026-03-31Cons.Net sales
Revenue¥39.4bn2024-04-01 → 2025-03-31Cons.Net sales
Revenue¥36.2bn2023-04-01 → 2024-03-31vCons.Net sales (5-year summary)
Revenue¥33.5bn2022-04-01 → 2023-03-31vCons.Net sales (5-year summary)
Revenue¥34.9bn2021-04-01 → 2022-03-31vCons.Net sales (5-year summary)
Operating income−¥660m2025-04-01 → 2026-03-31Cons.Operating income
Operating income¥1.3bn2024-04-01 → 2025-03-31Cons.Operating income
Ordinary income¥1.7bn2025-04-01 → 2026-03-31Cons.Ordinary income
Ordinary income¥1.9bn2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income¥1.7bn2023-04-01 → 2024-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥3.1bn2022-04-01 → 2023-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥5.4bn2021-04-01 → 2022-03-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥1.5bn2025-04-01 → 2026-03-31Cons.Income before income taxes
Profit before tax¥1.9bn2024-04-01 → 2025-03-31Cons.Income before income taxes
Net income (owners)¥1.5bn2025-04-01 → 2026-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥1.2bn2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥2.2bn2023-04-01 → 2024-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥2.2bn2022-04-01 → 2023-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥3.7bn2021-04-01 → 2022-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥1.5bn2025-04-01 → 2026-03-31Cons.Profit loss
Net income¥1.2bn2024-04-01 → 2025-03-31Cons.Profit loss
Total assets¥86.3bnat 2026-03-31Cons.Assets
Total assets¥83.9bnat 2025-03-31Cons.Assets
Total assets¥81.8bnat 2024-03-31vCons.Total assets (5-year summary)
Total assets¥75.6bnat 2023-03-31vCons.Total assets (5-year summary)
Total assets¥75.2bnat 2022-03-31vCons.Total assets (5-year summary)
Total liabilities¥11.0bnat 2026-03-31Cons.Liabilities
Total liabilities¥10.7bnat 2025-03-31Cons.Liabilities
Net assets / equity¥75.3bnat 2026-03-31Cons.Net assets
Net assets / equity¥73.2bnat 2025-03-31Cons.Net assets
Net assets / equity¥72.3bnat 2024-03-31vCons.Net assets
Net assets / equity¥67.2bnat 2023-03-31vCons.Net assets (5-year summary)
Net assets / equity¥66.3bnat 2022-03-31vCons.Net assets (5-year summary)
Cash and deposits¥8.9bnat 2026-03-31Cons.Cash and deposits
Cash and deposits¥15.1bnat 2025-03-31Cons.Cash and deposits
Cash & equivalents¥12.1bnat 2026-03-31Cons.Cash and cash equivalents
Cash & equivalents¥18.3bnat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥18.7bnat 2024-03-31vCons.Cash and cash equivalents
Cash & equivalents¥25.8bnat 2023-03-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥23.4bnat 2022-03-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥1.3bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥4.4bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥513m2023-04-01 → 2024-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥1.6bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥8.2bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥3.5bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥3.5bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥7.2bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥3.4bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow¥870m2021-04-01 → 2022-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥1.7bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥1.6bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥1.5bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥3.2bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥2.2bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥26.992025-04-01 → 2026-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥22.252024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥40.082023-04-01 → 2024-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥40.492022-04-01 → 2023-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥66.322021-04-01 → 2022-03-31vCons.Basic earnings loss per share (5-year summary)
Net assets per share¥1,379.03at 2026-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,340.98at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,324.82at 2024-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,232.41at 2023-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,179.46at 2022-03-31vCons.Net assets per share (5-year summary)
Equity ratio87.2%at 2026-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio87.3%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio88.4%at 2024-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio88.9%at 2023-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio88.2%at 2022-03-31vCons.Equity to asset ratio (5-year summary)
ROE2.0%2025-04-01 → 2026-03-31Cons.Rate of return on equity (5-year summary)
ROE1.7%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
ROE3.1%2023-04-01 → 2024-03-31vCons.Rate of return on equity (5-year summary)
ROE3.3%2022-04-01 → 2023-03-31vCons.Rate of return on equity (5-year summary)
ROE5.7%2021-04-01 → 2022-03-31vCons.Rate of return on equity (5-year summary)
Employees1,142at 2026-03-31Cons.Number of employees
Employees1,075at 2025-03-31Cons.Number of employees
Employees988at 2024-03-31vCons.Number of employees
Employees976at 2023-03-31vCons.Number of employees
Employees937at 2022-03-31vCons.Number of employees
Revenue¥23.6bn2025-04-01 → 2026-03-31StandaloneNet sales
Revenue¥26.6bn2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥25.1bn2023-04-01 → 2024-03-31vStandaloneNet sales (5-year summary)
Revenue¥22.1bn2022-04-01 → 2023-03-31vStandaloneNet sales (5-year summary)
Revenue¥25.2bn2021-04-01 → 2022-03-31vStandaloneNet sales (5-year summary)
Operating income−¥1.9bn2025-04-01 → 2026-03-31StandaloneOperating income
Operating income¥440m2024-04-01 → 2025-03-31StandaloneOperating income
Ordinary income¥589m2025-04-01 → 2026-03-31StandaloneOrdinary income
Ordinary income¥1.3bn2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income¥1.8bn2023-04-01 → 2024-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥1.8bn2022-04-01 → 2023-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥3.7bn2021-04-01 → 2022-03-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax¥419m2025-04-01 → 2026-03-31StandaloneIncome before income taxes
Profit before tax¥1.3bn2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Net income¥737m2025-04-01 → 2026-03-31StandaloneProfit loss
Net income¥922m2024-04-01 → 2025-03-31StandaloneProfit loss
Net income¥2.5bn2023-04-01 → 2024-03-31vStandaloneNet income loss (5-year summary)
Net income¥1.8bn2022-04-01 → 2023-03-31vStandaloneNet income loss (5-year summary)
Net income¥2.5bn2021-04-01 → 2022-03-31vStandaloneNet income loss (5-year summary)
Total assets¥67.4bnat 2026-03-31StandaloneAssets
Total assets¥66.5bnat 2025-03-31StandaloneAssets
Total assets¥66.7bnat 2024-03-31vStandaloneTotal assets (5-year summary)
Total assets¥63.1bnat 2023-03-31vStandaloneTotal assets (5-year summary)
Total assets¥64.6bnat 2022-03-31vStandaloneTotal assets (5-year summary)
Total liabilities¥7.3bnat 2026-03-31StandaloneLiabilities
Total liabilities¥7.2bnat 2025-03-31StandaloneLiabilities
Net assets / equity¥60.1bnat 2026-03-31StandaloneNet assets
Net assets / equity¥59.3bnat 2025-03-31StandaloneNet assets
Net assets / equity¥60.3bnat 2024-03-31vStandaloneNet assets
Net assets / equity¥56.7bnat 2023-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥58.0bnat 2022-03-31vStandaloneNet assets (5-year summary)
Cash and deposits¥3.2bnat 2026-03-31StandaloneCash and deposits
Cash and deposits¥10.4bnat 2025-03-31StandaloneCash and deposits
EPS (basic)¥13.52025-04-01 → 2026-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥16.92024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥46.52023-04-01 → 2024-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥32.552022-04-01 → 2023-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥44.342021-04-01 → 2022-03-31vStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥302025-04-01 → 2026-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥302024-04-01 → 2025-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥262023-04-01 → 2024-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥262022-04-01 → 2023-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥302021-04-01 → 2022-03-31vStandaloneDividend paid per share (5-year summary)
Net assets per share¥1,100.14at 2026-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,085.96at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥1,105.46at 2024-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,039.07at 2023-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥1,031.37at 2022-03-31vStandaloneNet assets per share (5-year summary)
Equity ratio89.2%at 2026-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio89.1%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio90.4%at 2024-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio89.9%at 2023-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio89.7%at 2022-03-31vStandaloneEquity to asset ratio (5-year summary)
ROE1.2%2025-04-01 → 2026-03-31StandaloneRate of return on equity (5-year summary)
ROE1.5%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE4.3%2023-04-01 → 2024-03-31vStandaloneRate of return on equity (5-year summary)
ROE3.1%2022-04-01 → 2023-03-31vStandaloneRate of return on equity (5-year summary)
ROE4.3%2021-04-01 → 2022-03-31vStandaloneRate of return on equity (5-year summary)
Shares issued56,814,000at 2026-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued56,814,000at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued56,814,000at 2024-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued56,814,000at 2023-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued56,814,000at 2022-03-31vStandaloneTotal number of issued shares (5-year summary)
Employees694at 2026-03-31StandaloneNumber of employees
Employees647at 2025-03-31StandaloneNumber of employees
Employees565at 2024-03-31vStandaloneNumber of employees
Employees540at 2023-03-31vStandaloneNumber of employees
Employees531at 2022-03-31vStandaloneNumber 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 · 40
SegmentItemPeriodValue
LALreportable segmentcapex2025-04-01 → 2026-03-31¥680m
LALreportable segmentdepreciation2025-04-01 → 2026-03-31¥576m
LALreportable segmentemployeesat 2026-03-31307 pure
LALreportable segmentrevenue2025-04-01 → 2026-03-31¥12.2bn
LALreportable segmentrevenue external2025-04-01 → 2026-03-31¥12.2bn
LALreportable segmentsegment assetsat 2026-03-31¥16.9bn
LALreportable segmentsegment profit2025-04-01 → 2026-03-31¥975m
Pharmaceuticalreportable segmentcapex2025-04-01 → 2026-03-31¥5.5bn
Pharmaceuticalreportable segmentdepreciation2025-04-01 → 2026-03-31¥1.4bn
Pharmaceuticalreportable segmentemployeesat 2026-03-31706 pure
Pharmaceuticalreportable segmentrevenue2025-04-01 → 2026-03-31¥24.5bn
Pharmaceuticalreportable segmentrevenue external2025-04-01 → 2026-03-31¥24.5bn
Pharmaceuticalreportable segmentsegment assetsat 2026-03-31¥69.5bn
Pharmaceuticalreportable segmentsegment profit2025-04-01 → 2026-03-31−¥1.6bn
—segment totalcapex2025-04-01 → 2026-03-31¥6.2bn
—segment totaldepreciation2025-04-01 → 2026-03-31¥2.0bn
—segment totalrevenue2025-04-01 → 2026-03-31¥36.6bn
—segment totalrevenue external2025-04-01 → 2026-03-31¥36.6bn
—segment totalsegment assetsat 2026-03-31¥86.3bn
—segment totalsegment profit2025-04-01 → 2026-03-31−¥660m
LALreportable segmentcapex2024-04-01 → 2025-03-31¥973m
LALreportable segmentdepreciation2024-04-01 → 2025-03-31¥540m
LALreportable segmentrevenue2024-04-01 → 2025-03-31¥11.9bn
LALreportable segmentrevenue external2024-04-01 → 2025-03-31¥11.9bn
LALreportable segmentsegment assetsat 2025-03-31¥15.9bn
LALreportable segmentsegment profit2024-04-01 → 2025-03-31¥809m
Pharmaceuticalreportable segmentcapex2024-04-01 → 2025-03-31¥3.4bn
Pharmaceuticalreportable segmentdepreciation2024-04-01 → 2025-03-31¥1.3bn
Pharmaceuticalreportable segmentrevenue2024-04-01 → 2025-03-31¥27.5bn
Pharmaceuticalreportable segmentrevenue external2024-04-01 → 2025-03-31¥27.5bn
Pharmaceuticalreportable segmentsegment assetsat 2025-03-31¥68.0bn
Pharmaceuticalreportable segmentsegment profit2024-04-01 → 2025-03-31¥523m
—segment totalcapex2024-04-01 → 2025-03-31¥4.3bn
—segment totaldepreciation2024-04-01 → 2025-03-31¥1.8bn
—segment totalrevenue2024-04-01 → 2025-03-31¥39.4bn
—segment totalrevenue external2024-04-01 → 2025-03-31¥39.4bn
—segment totalsegment assetsat 2025-03-31¥83.9bn
—segment totalsegment profit2024-04-01 → 2025-03-31¥1.3bn
LALreportable segmentemployeesat 2026-03-3115 pure
Pharmaceuticalreportable segmentemployeesat 2026-03-31550 pure

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

All source rows · 1,596
ItemContextValueUnit
Total assets (5-year summary)Prior1YearInstant_NonConsolidatedMember66509000000JPY
Total assets (5-year summary)CurrentYearInstant_NonConsolidatedMember67365000000JPY
Net assets per share (5-year summary)Prior4YearInstant_NonConsolidatedMember1031.37
Net assets per share (5-year summary)Prior3YearInstant_NonConsolidatedMember1039.07
Net assets per share (5-year summary)Prior2YearInstant_NonConsolidatedMember1105.46
Net assets per share (5-year summary)Prior1YearInstant_NonConsolidatedMember1085.96
Net assets per share (5-year summary)CurrentYearInstant_NonConsolidatedMember1100.14
Dividend paid per share (5-year summary)Prior4YearDuration_NonConsolidatedMember30.00
Dividend paid per share (5-year summary)Prior3YearDuration_NonConsolidatedMember26.00
Dividend paid per share (5-year summary)Prior2YearDuration_NonConsolidatedMember26.00
Dividend paid per share (5-year summary)Prior1YearDuration_NonConsolidatedMember30.00
Dividend paid per share (5-year summary)CurrentYearDuration_NonConsolidatedMember30.00
Interim dividend paid per share (5-year summary)Prior4YearDuration_NonConsolidatedMember15.00
Interim dividend paid per share (5-year summary)Prior3YearDuration_NonConsolidatedMember13.00
Interim dividend paid per share (5-year summary)Prior2YearDuration_NonConsolidatedMember13.00
Interim dividend paid per share (5-year summary)Prior1YearDuration_NonConsolidatedMember15.00
Interim dividend paid per share (5-year summary)CurrentYearDuration_NonConsolidatedMember15.00
Basic earnings loss per share (5-year summary)Prior4YearDuration_NonConsolidatedMember44.34
Basic earnings loss per share (5-year summary)Prior3YearDuration_NonConsolidatedMember32.55
Basic earnings loss per share (5-year summary)Prior2YearDuration_NonConsolidatedMember46.50
Basic earnings loss per share (5-year summary)Prior1YearDuration_NonConsolidatedMember16.90
Basic earnings loss per share (5-year summary)CurrentYearDuration_NonConsolidatedMember13.50
Diluted earnings per share (5-year summary)Prior4YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)Prior2YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)Prior1YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Equity to asset ratio (5-year summary)Prior4YearInstant_NonConsolidatedMember0.897
Equity to asset ratio (5-year summary)Prior3YearInstant_NonConsolidatedMember0.899
Equity to asset ratio (5-year summary)Prior2YearInstant_NonConsolidatedMember0.904
Equity to asset ratio (5-year summary)Prior1YearInstant_NonConsolidatedMember0.891
Equity to asset ratio (5-year summary)CurrentYearInstant_NonConsolidatedMember0.892
Rate of return on equity (5-year summary)Prior4YearDuration_NonConsolidatedMember0.043
Rate of return on equity (5-year summary)Prior3YearDuration_NonConsolidatedMember0.031
Rate of return on equity (5-year summary)Prior2YearDuration_NonConsolidatedMember0.043
Rate of return on equity (5-year summary)Prior1YearDuration_NonConsolidatedMember0.015
Rate of return on equity (5-year summary)CurrentYearDuration_NonConsolidatedMember0.012
Price earnings ratio (5-year summary)Prior4YearDuration_NonConsolidatedMember19.7
Price earnings ratio (5-year summary)Prior3YearDuration_NonConsolidatedMember25.0
Price earnings ratio (5-year summary)Prior2YearDuration_NonConsolidatedMember16.5
Price earnings ratio (5-year summary)Prior1YearDuration_NonConsolidatedMember43.7
Price earnings ratio (5-year summary)CurrentYearDuration_NonConsolidatedMember54.0
Payout ratio (5-year summary)Prior4YearDuration_NonConsolidatedMember0.677
Payout ratio (5-year summary)Prior3YearDuration_NonConsolidatedMember0.799
Payout ratio (5-year summary)Prior2YearDuration_NonConsolidatedMember0.559
Payout ratio (5-year summary)Prior1YearDuration_NonConsolidatedMember1.775
Payout ratio (5-year summary)CurrentYearDuration_NonConsolidatedMember2.222
Number of employeesPrior4YearInstant_NonConsolidatedMember531
Number of employeesPrior3YearInstant_NonConsolidatedMember540
Number of employeesPrior2YearInstant_NonConsolidatedMember565

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 · 24 of 24 passed
balance sheet identityconsolidated 2025-03-31pass
balance sheet identityconsolidated 2026-03-31pass
balance sheet identitynon_consolidated 2025-03-31pass
balance sheet identitynon_consolidated 2026-03-31pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2024-03-31pass
statement vs summary · net assetsconsolidated 2025-03-31pass
statement vs summary · net assetsconsolidated 2026-03-31pass
statement vs summary · net assetsnon_consolidated 2024-03-31pass
statement vs summary · net assetsnon_consolidated 2025-03-31pass
statement vs summary · net assetsnon_consolidated 2026-03-31pass
statement vs summary · net income attributable to parentconsolidated 2024-04-01/2025-03-31pass
statement vs summary · net income attributable to parentconsolidated 2025-04-01/2026-03-31pass
statement vs summary · operating cash flowconsolidated 2024-04-01/2025-03-31pass
statement vs summary · operating cash flowconsolidated 2025-04-01/2026-03-31pass
statement vs summary · revenueconsolidated 2024-04-01/2025-03-31pass
statement vs summary · revenueconsolidated 2025-04-01/2026-03-31pass
statement vs summary · revenuenon_consolidated 2024-04-01/2025-03-31pass
statement vs summary · revenuenon_consolidated 2025-04-01/2026-03-31pass
statement vs summary · total assetsconsolidated 2025-03-31pass
statement vs summary · total assetsconsolidated 2026-03-31pass
statement vs summary · total assetsnon_consolidated 2025-03-31pass
statement vs summary · total assetsnon_consolidated 2026-03-31pass