Annual report

Period2023-01-01 → 2023-12-31

Filed2024-03-29

StandardJapan GAAP

ConsolidatedYes

Data checks20 of 20 passed

Key figures · 125

Metric	Value	Period	Scope	Source row
Operating income	−¥12.0bn	2023-01-01 → 2023-12-31	Cons.	Operating income
Operating income	−¥16.3bn	2022-01-01 → 2022-12-31	Cons.	Operating income
Ordinary income	−¥5.7bn	2023-01-01 → 2023-12-31	Cons.	Ordinary income
Ordinary income	−¥14.6bn	2022-01-01 → 2022-12-31	Cons.	Ordinary income
Ordinary income	−¥13.6bn	2021-01-01 → 2021-12-31^d	Cons.	Ordinary income loss (5-year summary)
Ordinary income	−¥6.6bn	2020-01-01 → 2020-12-31^d	Cons.	Ordinary income loss (5-year summary)
Ordinary income	−¥3.3bn	2019-01-01 → 2019-12-31^d	Cons.	Ordinary income loss (5-year summary)
Profit before tax	−¥7.5bn	2023-01-01 → 2023-12-31	Cons.	Income before income taxes
Profit before tax	−¥14.7bn	2022-01-01 → 2022-12-31	Cons.	Income before income taxes
Net income (owners)	−¥7.4bn	2023-01-01 → 2023-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥14.7bn	2022-01-01 → 2022-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	−¥13.7bn	2021-01-01 → 2021-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	−¥4.2bn	2020-01-01 → 2020-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income (owners)	−¥3.8bn	2019-01-01 → 2019-12-31^d	Cons.	Profit loss attributable to owners of parent (5-year summary)
Net income	−¥7.4bn	2023-01-01 → 2023-12-31	Cons.	Profit loss
Net income	−¥14.7bn	2022-01-01 → 2022-12-31	Cons.	Profit loss
Total assets	¥28.9bn	at 2023-12-31	Cons.	Assets
Total assets	¥38.8bn	at 2022-12-31	Cons.	Assets
Total assets	¥45.5bn	at 2021-12-31^d	Cons.	Total assets (5-year summary)
Total assets	¥38.4bn	at 2020-12-31^d	Cons.	Total assets (5-year summary)
Total assets	¥12.5bn	at 2019-12-31^d	Cons.	Total assets (5-year summary)
Total liabilities	¥2.8bn	at 2023-12-31	Cons.	Liabilities
Total liabilities	¥8.4bn	at 2022-12-31	Cons.	Liabilities
Net assets / equity	¥26.1bn	at 2023-12-31	Cons.	Net assets
Net assets / equity	¥30.4bn	at 2022-12-31	Cons.	Net assets
Net assets / equity	¥38.6bn	at 2021-12-31^d	Cons.	Net assets
Net assets / equity	¥32.7bn	at 2020-12-31^d	Cons.	Net assets (5-year summary)
Net assets / equity	¥12.1bn	at 2019-12-31^d	Cons.	Net assets (5-year summary)
Cash and deposits	¥4.2bn	at 2023-12-31	Cons.	Cash and deposits
Cash and deposits	¥11.0bn	at 2022-12-31	Cons.	Cash and deposits
Cash & equivalents	¥4.1bn	at 2023-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥11.0bn	at 2022-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥17.8bn	at 2021-12-31^d	Cons.	Cash and cash equivalents
Cash & equivalents	¥11.5bn	at 2020-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥10.0bn	at 2019-12-31^d	Cons.	Cash and cash equivalents (5-year summary)
Operating cash flow	−¥8.7bn	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥11.2bn	2022-01-01 → 2022-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	−¥11.4bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥3.0bn	2020-01-01 → 2020-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥2.2bn	2019-01-01 → 2019-12-31^d	Cons.	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥357m	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥97m	2022-01-01 → 2022-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥155m	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥7.0bn	2020-01-01 → 2020-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥1.2bn	2019-01-01 → 2019-12-31^d	Cons.	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	¥2.0bn	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥3.6bn	2022-01-01 → 2022-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥17.4bn	2021-01-01 → 2021-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥11.4bn	2020-01-01 → 2020-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥7.7bn	2019-01-01 → 2019-12-31^d	Cons.	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-39.29	2023-01-01 → 2023-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-94.29	2022-01-01 → 2022-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-92.86	2021-01-01 → 2021-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-35.33	2020-01-01 → 2020-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-35.81	2019-01-01 → 2019-12-31^d	Cons.	Basic earnings loss per share (5-year summary)
Net assets per share	¥131.04	at 2023-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥169.77	at 2022-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥251.81	at 2021-12-31^d	Cons.	Net assets per share (5-year summary)
Net assets per share	¥244.53	at 2020-12-31^d	Cons.	Net assets per share (5-year summary)
Net assets per share	¥111.83	at 2019-12-31^d	Cons.	Net assets per share (5-year summary)
Equity ratio	90.0%	at 2023-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	78.1%	at 2022-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	84.8%	at 2021-12-31^d	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	84.8%	at 2020-12-31^d	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	95.5%	at 2019-12-31^d	Cons.	Equity to asset ratio (5-year summary)
Employees	145	at 2023-12-31	Cons.	Number of employees
Employees	138	at 2022-12-31	Cons.	Number of employees
Employees	131	at 2021-12-31^d	Cons.	Number of employees
Employees	90	at 2020-12-31^d	Cons.	Number of employees
Employees	36	at 2019-12-31^d	Cons.	Number of employees
Operating income	−¥4.8bn	2023-01-01 → 2023-12-31	Standalone	Operating income
Operating income	−¥9.7bn	2022-01-01 → 2022-12-31	Standalone	Operating income
Ordinary income	¥2.0bn	2023-01-01 → 2023-12-31	Standalone	Ordinary income
Ordinary income	−¥8.0bn	2022-01-01 → 2022-12-31	Standalone	Ordinary income
Ordinary income	−¥7.9bn	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥5.3bn	2020-01-01 → 2020-12-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥3.3bn	2019-01-01 → 2019-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	¥1.1bn	2023-01-01 → 2023-12-31	Standalone	Income before income taxes
Profit before tax	−¥8.1bn	2022-01-01 → 2022-12-31	Standalone	Income before income taxes
Net income	¥1.1bn	2023-01-01 → 2023-12-31	Standalone	Profit loss
Net income	−¥8.1bn	2022-01-01 → 2022-12-31	Standalone	Profit loss
Net income	−¥8.1bn	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Net income	−¥5.3bn	2020-01-01 → 2020-12-31^d	Standalone	Net income loss (5-year summary)
Net income	−¥3.8bn	2019-01-01 → 2019-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥38.7bn	at 2023-12-31	Standalone	Assets
Total assets	¥40.7bn	at 2022-12-31	Standalone	Assets
Total assets	¥44.9bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total assets	¥34.1bn	at 2020-12-31^d	Standalone	Total assets (5-year summary)
Total assets	¥12.4bn	at 2019-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥1.4bn	at 2023-12-31	Standalone	Liabilities
Total liabilities	¥6.6bn	at 2022-12-31	Standalone	Liabilities
Net assets / equity	¥37.3bn	at 2023-12-31	Standalone	Net assets
Net assets / equity	¥34.1bn	at 2022-12-31	Standalone	Net assets
Net assets / equity	¥38.7bn	at 2021-12-31^d	Standalone	Net assets
Net assets / equity	¥29.4bn	at 2020-12-31^d	Standalone	Net assets (5-year summary)
Net assets / equity	¥11.9bn	at 2019-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥3.4bn	at 2023-12-31	Standalone	Cash and deposits
Cash and deposits	¥8.8bn	at 2022-12-31	Standalone	Cash and deposits
EPS (basic)	¥5.64	2023-01-01 → 2023-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-52	2022-01-01 → 2022-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-54.91	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-44.63	2020-01-01 → 2020-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-36.03	2019-01-01 → 2019-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥5.49	2023-01-01 → 2023-12-31	Standalone	Diluted earnings per share (5-year summary)
Net assets per share	¥187.33	at 2023-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥190.57	at 2022-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥252.16	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥219.55	at 2020-12-31^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥110.56	at 2019-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	96.1%	at 2023-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	83.6%	at 2022-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	86.0%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	85.6%	at 2020-12-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	95.1%	at 2019-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	3.0%	2023-01-01 → 2023-12-31	Standalone	Rate of return on equity (5-year summary)
Shares issued	198,470,300	at 2023-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	178,623,900	at 2022-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	153,072,400	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	133,059,400	at 2020-12-31^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	106,969,561	at 2019-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	40	at 2023-12-31	Standalone	Number of employees
Employees	39	at 2022-12-31	Standalone	Number of employees
Employees	42	at 2021-12-31^d	Standalone	Number of employees
Employees	34	at 2020-12-31^d	Standalone	Number of employees
Employees	33	at 2019-12-31^d	Standalone	Number 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 · 2

Segment	Item	Period	Value
Pharmaceutical Businessreportable segment	employees	at 2023-12-31	145 pure
Pharmaceutical Businessreportable segment	employees	at 2023-12-31	40 pure

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

All source rows · 1,295

Item	Context	Value	Unit
Capital stock	Prior1YearInstant_NonConsolidatedMember	35146368000	JPY
Capital stock	CurrentYearInstant_NonConsolidatedMember	35053890000	JPY
Legal capital surplus	Prior1YearInstant_NonConsolidatedMember	15076868000	JPY
Legal capital surplus	CurrentYearInstant_NonConsolidatedMember	1032897000	JPY
Capital surplus	Prior1YearInstant_NonConsolidatedMember	15076868000	JPY
Capital surplus	CurrentYearInstant_NonConsolidatedMember	1032897000	JPY
Retained earnings brought forward	Prior1YearInstant_NonConsolidatedMember	-16202244000	JPY
Retained earnings brought forward	CurrentYearInstant_NonConsolidatedMember	1067726000	JPY
Retained earnings	Prior1YearInstant_NonConsolidatedMember	-16202244000	JPY
Retained earnings	CurrentYearInstant_NonConsolidatedMember	1067726000	JPY
Treasury stock	Prior1YearInstant_NonConsolidatedMember	-31000	JPY
Treasury stock	CurrentYearInstant_NonConsolidatedMember	-31000	JPY
Shareholders equity	Prior1YearInstant_NonConsolidatedMember	34020961000	JPY
Shareholders equity	CurrentYearInstant_NonConsolidatedMember	37154482000	JPY
Valuation difference on available for sale securities	Prior1YearInstant_NonConsolidatedMember	19396000	JPY
Valuation difference on available for sale securities	CurrentYearInstant_NonConsolidatedMember	24757000	JPY
Valuation and translation adjustments	Prior1YearInstant_NonConsolidatedMember	19396000	JPY
Valuation and translation adjustments	CurrentYearInstant_NonConsolidatedMember	24757000	JPY
Subscription rights to shares	Prior1YearInstant_NonConsolidatedMember	100984000	JPY
Subscription rights to shares	CurrentYearInstant_NonConsolidatedMember	87549000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember	34141342000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember	37266789000	JPY
Liabilities and net assets	Prior1YearInstant_NonConsolidatedMember	40718613000	JPY
Liabilities and net assets	CurrentYearInstant_NonConsolidatedMember	38691268000	JPY
Net sales of finished goods rev oa	Prior1YearDuration_NonConsolidatedMember	11614000	JPY
Net sales of finished goods rev oa	CurrentYearDuration_NonConsolidatedMember	23242000	JPY
Commission income rev oa	Prior1YearDuration_NonConsolidatedMember	55446000	JPY
Commission income rev oa	CurrentYearDuration_NonConsolidatedMember	115677000	JPY
Business revenues	Prior1YearDuration_NonConsolidatedMember	67061000	JPY
Business revenues	CurrentYearDuration_NonConsolidatedMember	138919000	JPY
Cost of sales	Prior1YearDuration_NonConsolidatedMember	93889000	JPY
Cost of sales	CurrentYearDuration_NonConsolidatedMember	133540000	JPY
Research and development expenses sga	Prior1YearDuration_NonConsolidatedMember	7969606000	JPY
Research and development expenses sga	CurrentYearDuration_NonConsolidatedMember	3110547000	JPY
Selling general and administrative expenses	Prior1YearDuration_NonConsolidatedMember	1695063000	JPY
Selling general and administrative expenses	CurrentYearDuration_NonConsolidatedMember	1696508000	JPY
Business expenses	Prior1YearDuration_NonConsolidatedMember	9758560000	JPY
Business expenses	CurrentYearDuration_NonConsolidatedMember	4940596000	JPY
Operating income	Prior1YearDuration_NonConsolidatedMember	-9691498000	JPY
Operating income	CurrentYearDuration_NonConsolidatedMember	-4801677000	JPY
Interest income noi	Prior1YearDuration_NonConsolidatedMember	138486000	JPY
Interest income noi	CurrentYearDuration_NonConsolidatedMember	507576000	JPY
Foreign exchange gains noi	Prior1YearDuration_NonConsolidatedMember	1168861000	JPY
Foreign exchange gains noi	CurrentYearDuration_NonConsolidatedMember	721265000	JPY
Subsidy income noi	Prior1YearDuration_NonConsolidatedMember	393514000	JPY
Subsidy income noi	CurrentYearDuration_NonConsolidatedMember	5551319000	JPY
Commission fee noi	Prior1YearDuration_NonConsolidatedMember	9768000	JPY
Commission fee noi	CurrentYearDuration_NonConsolidatedMember	23702000	JPY
Gain on investments in partnership noi	Prior1YearDuration_NonConsolidatedMember	－	JPY
Gain on investments in partnership noi	CurrentYearDuration_NonConsolidatedMember	8010000	JPY

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 · 20 of 20 passed

balance sheet identity	consolidated 2022-12-31	pass rounding
balance sheet identity	consolidated 2023-12-31	pass
balance sheet identity	non_consolidated 2022-12-31	pass
balance sheet identity	non_consolidated 2023-12-31	pass
dei present		pass
period resolution		pass
statement vs summary · net assets	consolidated 2021-12-31	pass
statement vs summary · net assets	consolidated 2022-12-31	pass
statement vs summary · net assets	consolidated 2023-12-31	pass
statement vs summary · net assets	non_consolidated 2021-12-31	pass
statement vs summary · net assets	non_consolidated 2022-12-31	pass
statement vs summary · net assets	non_consolidated 2023-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2022-01-01/2022-12-31	pass
statement vs summary · net income attributable to parent	consolidated 2023-01-01/2023-12-31	pass
statement vs summary · operating cash flow	consolidated 2022-01-01/2022-12-31	pass
statement vs summary · operating cash flow	consolidated 2023-01-01/2023-12-31	pass
statement vs summary · total assets	consolidated 2022-12-31	pass
statement vs summary · total assets	consolidated 2023-12-31	pass
statement vs summary · total assets	non_consolidated 2022-12-31	pass
statement vs summary · total assets	non_consolidated 2023-12-31	pass