Annual report

Period2025-01-01 → 2025-12-31
Filed2026-03-26
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 133
MetricValuePeriodScopeSource row
Revenue¥579m2025-01-01 → 2025-12-31Cons.Net sales
Revenue¥636m2024-01-01 → 2024-12-31Cons.Net sales
Revenue¥1.6bn2023-01-01 → 2023-12-31vCons.Net sales (5-year summary)
Revenue¥1.4bn2022-01-01 → 2022-12-31vCons.Net sales (5-year summary)
Revenue¥2.0bn2021-01-01 → 2021-12-31dCons.Net sales (5-year summary)
Operating income−¥2.1bn2025-01-01 → 2025-12-31Cons.Operating income
Operating income−¥2.1bn2024-01-01 → 2024-12-31Cons.Operating income
Ordinary income−¥2.1bn2025-01-01 → 2025-12-31Cons.Ordinary income
Ordinary income−¥2.1bn2024-01-01 → 2024-12-31Cons.Ordinary income
Ordinary income−¥1.1bn2023-01-01 → 2023-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥1.3bn2022-01-01 → 2022-12-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥523m2021-01-01 → 2021-12-31dCons.Ordinary income loss (5-year summary)
Profit before tax−¥2.2bn2025-01-01 → 2025-12-31Cons.Income before income taxes
Profit before tax−¥2.2bn2024-01-01 → 2024-12-31Cons.Income before income taxes
Net income (owners)−¥2.2bn2025-01-01 → 2025-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥2.2bn2024-01-01 → 2024-12-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥1.2bn2023-01-01 → 2023-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥1.3bn2022-01-01 → 2022-12-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥534m2021-01-01 → 2021-12-31dCons.Profit loss attributable to owners of parent (5-year summary)
Net income−¥2.2bn2025-01-01 → 2025-12-31Cons.Profit loss
Net income−¥2.2bn2024-01-01 → 2024-12-31Cons.Profit loss
Total assets¥1.2bnat 2025-12-31Cons.Assets
Total assets¥2.8bnat 2024-12-31Cons.Assets
Total assets¥4.3bnat 2023-12-31vCons.Total assets (5-year summary)
Total assets¥4.3bnat 2022-12-31vCons.Total assets (5-year summary)
Total assets¥5.4bnat 2021-12-31dCons.Total assets (5-year summary)
Total liabilities¥920mat 2025-12-31Cons.Liabilities
Total liabilities¥297mat 2024-12-31Cons.Liabilities
Net assets / equity¥309mat 2025-12-31Cons.Net assets
Net assets / equity¥2.5bnat 2024-12-31Cons.Net assets
Net assets / equity¥3.9bnat 2023-12-31vCons.Net assets
Net assets / equity¥3.6bnat 2022-12-31vCons.Net assets (5-year summary)
Net assets / equity¥4.3bnat 2021-12-31dCons.Net assets (5-year summary)
Cash and deposits¥517mat 2025-12-31Cons.Cash and deposits
Cash and deposits¥2.1bnat 2024-12-31Cons.Cash and deposits
Cash & equivalents¥517mat 2025-12-31Cons.Cash and cash equivalents
Cash & equivalents¥2.1bnat 2024-12-31Cons.Cash and cash equivalents
Cash & equivalents¥2.9bnat 2023-12-31vCons.Cash and cash equivalents
Cash & equivalents¥3.4bnat 2022-12-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥3.8bnat 2021-12-31dCons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥2.2bn2025-01-01 → 2025-12-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥1.4bn2024-01-01 → 2024-12-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥1.7bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥708m2022-01-01 → 2022-12-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥1.5bn2021-01-01 → 2021-12-31dCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥25m2025-01-01 → 2025-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥13m2024-01-01 → 2024-12-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥11m2023-01-01 → 2023-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥126m2022-01-01 → 2022-12-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥42m2021-01-01 → 2021-12-31dCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥605m2025-01-01 → 2025-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥567m2024-01-01 → 2024-12-31Cons.Net cash provided by used in financing activities
Financing cash flow¥1.2bn2023-01-01 → 2023-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥367m2022-01-01 → 2022-12-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥1.1bn2021-01-01 → 2021-12-31dCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥-113.622025-01-01 → 2025-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-121.642024-01-01 → 2024-12-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-68.622023-01-01 → 2023-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-99.12022-01-01 → 2022-12-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-42.12021-01-01 → 2021-12-31dCons.Basic earnings loss per share (5-year summary)
Net assets per share¥16.16at 2025-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥129.62at 2024-12-31Cons.Net assets per share (5-year summary)
Net assets per share¥226.16at 2023-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥255.04at 2022-12-31vCons.Net assets per share (5-year summary)
Net assets per share¥323.54at 2021-12-31dCons.Net assets per share (5-year summary)
Equity ratio25.1%at 2025-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio89.3%at 2024-12-31Cons.Equity to asset ratio (5-year summary)
Equity ratio89.1%at 2023-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio85.0%at 2022-12-31vCons.Equity to asset ratio (5-year summary)
Equity ratio79.3%at 2021-12-31dCons.Equity to asset ratio (5-year summary)
Employees61at 2025-12-31Cons.Number of employees
Employees63at 2024-12-31Cons.Number of employees
Employees67at 2023-12-31vCons.Number of employees
Employees65at 2022-12-31vCons.Number of employees
Employees64at 2021-12-31dCons.Number of employees
Revenue¥491m2025-01-01 → 2025-12-31StandaloneNet sales
Revenue¥542m2024-01-01 → 2024-12-31StandaloneNet sales
Revenue¥1.5bn2023-01-01 → 2023-12-31vStandaloneNet sales (5-year summary)
Revenue¥1.2bn2022-01-01 → 2022-12-31vStandaloneNet sales (5-year summary)
Revenue¥1.9bn2021-01-01 → 2021-12-31dStandaloneNet sales (5-year summary)
Operating income−¥2.0bn2025-01-01 → 2025-12-31StandaloneOperating income
Operating income−¥2.1bn2024-01-01 → 2024-12-31StandaloneOperating income
Ordinary income−¥2.1bn2025-01-01 → 2025-12-31StandaloneOrdinary income
Ordinary income−¥2.1bn2024-01-01 → 2024-12-31StandaloneOrdinary income
Ordinary income−¥1.2bn2023-01-01 → 2023-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥1.4bn2022-01-01 → 2022-12-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥549m2021-01-01 → 2021-12-31dStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥2.1bn2025-01-01 → 2025-12-31StandaloneIncome before income taxes
Profit before tax−¥2.2bn2024-01-01 → 2024-12-31StandaloneIncome before income taxes
Net income−¥2.1bn2025-01-01 → 2025-12-31StandaloneProfit loss
Net income−¥2.2bn2024-01-01 → 2024-12-31StandaloneProfit loss
Net income−¥1.2bn2023-01-01 → 2023-12-31vStandaloneNet income loss (5-year summary)
Net income−¥1.4bn2022-01-01 → 2022-12-31vStandaloneNet income loss (5-year summary)
Net income−¥556m2021-01-01 → 2021-12-31dStandaloneNet income loss (5-year summary)
Total assets¥1.1bnat 2025-12-31StandaloneAssets
Total assets¥2.5bnat 2024-12-31StandaloneAssets
Total assets¥4.1bnat 2023-12-31vStandaloneTotal assets (5-year summary)
Total assets¥4.0bnat 2022-12-31vStandaloneTotal assets (5-year summary)
Total assets¥5.3bnat 2021-12-31dStandaloneTotal assets (5-year summary)
Total liabilities¥1.1bnat 2025-12-31StandaloneLiabilities
Total liabilities¥294mat 2024-12-31StandaloneLiabilities
Net assets / equity¥66mat 2025-12-31StandaloneNet assets
Net assets / equity¥2.2bnat 2024-12-31StandaloneNet assets
Net assets / equity¥3.6bnat 2023-12-31vStandaloneNet assets
Net assets / equity¥3.4bnat 2022-12-31vStandaloneNet assets (5-year summary)
Net assets / equity¥4.2bnat 2021-12-31dStandaloneNet assets (5-year summary)
Cash and deposits¥413mat 2025-12-31StandaloneCash and deposits
Cash and deposits¥1.8bnat 2024-12-31StandaloneCash and deposits
EPS (basic)¥-112.092025-01-01 → 2025-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-121.082024-01-01 → 2024-12-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-70.532023-01-01 → 2023-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-103.22022-01-01 → 2022-12-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-43.832021-01-01 → 2021-12-31dStandaloneBasic earnings loss per share (5-year summary)
Net assets per share¥3.45at 2025-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥115.11at 2024-12-31StandaloneNet assets per share (5-year summary)
Net assets per share¥211.43at 2023-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥240.82at 2022-12-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥314.45at 2021-12-31dStandaloneNet assets per share (5-year summary)
Equity ratio5.8%at 2025-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio88.2%at 2024-12-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio88.7%at 2023-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio84.6%at 2022-12-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio78.9%at 2021-12-31dStandaloneEquity to asset ratio (5-year summary)
Shares issued19,150,500at 2025-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued19,107,500at 2024-12-31StandaloneTotal number of issued shares (5-year summary)
Shares issued17,151,900at 2023-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued14,218,300at 2022-12-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued13,313,400at 2021-12-31dStandaloneTotal number of issued shares (5-year summary)
Employees57at 2025-12-31StandaloneNumber of employees
Employees60at 2024-12-31StandaloneNumber of employees
Employees64at 2023-12-31vStandaloneNumber of employees
Employees62at 2022-12-31vStandaloneNumber of employees
Employees61at 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 · 35
SegmentItemPeriodValue
Reconciling Itemsreconcilingsegment assetsat 2025-12-31¥528m
Drug Discovery Businessreportable segmentcapex2025-01-01 → 2025-12-31¥18m
Drug Discovery Businessreportable segmentemployeesat 2025-12-3133 pure
Drug Discovery Businessreportable segmentsegment assetsat 2025-12-31¥313m
Drug Discovery Businessreportable segmentsegment profit2025-01-01 → 2025-12-31−¥2.0bn
Drug Discovery Support Businessreportable segmentcapex2025-01-01 → 2025-12-31¥7m
Drug Discovery Support Businessreportable segmentemployeesat 2025-12-3120 pure
Drug Discovery Support Businessreportable segmentrevenue2025-01-01 → 2025-12-31¥579m
Drug Discovery Support Businessreportable segmentrevenue external2025-01-01 → 2025-12-31¥579m
Drug Discovery Support Businessreportable segmentsegment assetsat 2025-12-31¥388m
Drug Discovery Support Businessreportable segmentsegment profit2025-01-01 → 2025-12-31−¥51m
—segment totalcapex2025-01-01 → 2025-12-31¥25m
—segment totalrevenue2025-01-01 → 2025-12-31¥579m
—segment totalrevenue external2025-01-01 → 2025-12-31¥579m
—segment totalsegment assetsat 2025-12-31¥701m
—segment totalsegment profit2025-01-01 → 2025-12-31−¥2.1bn
Reconciling Itemsreconcilingsegment assetsat 2024-12-31¥1.9bn
Drug Discovery Businessreportable segmentcapex2024-01-01 → 2024-12-31¥9m
Drug Discovery Businessreportable segmentdepreciation2024-01-01 → 2024-12-31¥8m
Drug Discovery Businessreportable segmentsegment assetsat 2024-12-31¥291m
Drug Discovery Businessreportable segmentsegment profit2024-01-01 → 2024-12-31−¥2.0bn
Drug Discovery Support Businessreportable segmentcapex2024-01-01 → 2024-12-31¥9m
Drug Discovery Support Businessreportable segmentdepreciation2024-01-01 → 2024-12-31¥23m
Drug Discovery Support Businessreportable segmentrevenue2024-01-01 → 2024-12-31¥636m
Drug Discovery Support Businessreportable segmentrevenue external2024-01-01 → 2024-12-31¥636m
Drug Discovery Support Businessreportable segmentsegment assetsat 2024-12-31¥566m
Drug Discovery Support Businessreportable segmentsegment profit2024-01-01 → 2024-12-31−¥34m
—segment totalcapex2024-01-01 → 2024-12-31¥18m
—segment totaldepreciation2024-01-01 → 2024-12-31¥31m
—segment totalrevenue2024-01-01 → 2024-12-31¥636m
—segment totalrevenue external2024-01-01 → 2024-12-31¥636m
—segment totalsegment assetsat 2024-12-31¥857m
—segment totalsegment profit2024-01-01 → 2024-12-31−¥2.1bn
Drug Discovery Businessreportable segmentemployeesat 2025-12-3132 pure
Drug Discovery Support Businessreportable segmentemployeesat 2025-12-3117 pure

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

All source rows · 1,288
ItemContextValueUnit
Total assets (5-year summary)Prior3YearInstant4266453000JPY
Total assets (5-year summary)Prior2YearInstant4349891000JPY
Total assets (5-year summary)Prior1YearInstant2772115000JPY
Total assets (5-year summary)CurrentYearInstant1229648000JPY
Net assets per share (5-year summary)Prior4YearInstant323.54
Net assets per share (5-year summary)Prior3YearInstant255.04
Net assets per share (5-year summary)Prior2YearInstant226.16
Net assets per share (5-year summary)Prior1YearInstant129.62
Net assets per share (5-year summary)CurrentYearInstant16.16
Basic earnings loss per share (5-year summary)Prior4YearDuration-42.10
Basic earnings loss per share (5-year summary)Prior3YearDuration-99.10
Basic earnings loss per share (5-year summary)Prior2YearDuration-68.62
Basic earnings loss per share (5-year summary)Prior1YearDuration-121.64
Basic earnings loss per share (5-year summary)CurrentYearDuration-113.62
Diluted earnings per share (5-year summary)Prior4YearDuration-
Diluted earnings per share (5-year summary)Prior3YearDuration-
Diluted earnings per share (5-year summary)Prior2YearDuration-
Diluted earnings per share (5-year summary)Prior1YearDuration-
Diluted earnings per share (5-year summary)CurrentYearDuration-
Equity to asset ratio (5-year summary)Prior4YearInstant0.793
Equity to asset ratio (5-year summary)Prior3YearInstant0.850
Equity to asset ratio (5-year summary)Prior2YearInstant0.891
Equity to asset ratio (5-year summary)Prior1YearInstant0.893
Equity to asset ratio (5-year summary)CurrentYearInstant0.251
Rate of return on equity (5-year summary)Prior4YearDuration-
Rate of return on equity (5-year summary)Prior3YearDuration-
Rate of return on equity (5-year summary)Prior2YearDuration-
Rate of return on equity (5-year summary)Prior1YearDuration-
Rate of return on equity (5-year summary)CurrentYearDuration-
Price earnings ratio (5-year summary)Prior4YearDuration-
Price earnings ratio (5-year summary)Prior3YearDuration-
Price earnings ratio (5-year summary)Prior2YearDuration-
Price earnings ratio (5-year summary)Prior1YearDuration-
Price earnings ratio (5-year summary)CurrentYearDuration-
Net cash provided by used in operating activities (5-year summary)Prior4YearDuration-1536612000JPY
Net cash provided by used in operating activities (5-year summary)Prior3YearDuration-708390000JPY
Net cash provided by used in operating activities (5-year summary)Prior2YearDuration-1677464000JPY
Net cash provided by used in operating activities (5-year summary)Prior1YearDuration-1374806000JPY
Net cash provided by used in operating activities (5-year summary)CurrentYearDuration-2159363000JPY
Net cash provided by used in investing activities (5-year summary)Prior4YearDuration-41677000JPY
Net cash provided by used in investing activities (5-year summary)Prior3YearDuration-125696000JPY
Net cash provided by used in investing activities (5-year summary)Prior2YearDuration-11376000JPY
Net cash provided by used in investing activities (5-year summary)Prior1YearDuration-13060000JPY
Net cash provided by used in investing activities (5-year summary)CurrentYearDuration-25009000JPY
Net cash provided by used in financing activities (5-year summary)Prior4YearDuration1064987000JPY
Net cash provided by used in financing activities (5-year summary)Prior3YearDuration367006000JPY
Net cash provided by used in financing activities (5-year summary)Prior2YearDuration1182027000JPY
Net cash provided by used in financing activities (5-year summary)Prior1YearDuration567441000JPY
Net cash provided by used in financing activities (5-year summary)CurrentYearDuration604711000JPY
Cash and cash equivalents (5-year summary)Prior4YearInstant3817834000JPY

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 2024-12-31pass rounding
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 assetsconsolidated 2023-12-31pass
statement vs summary · net assetsconsolidated 2024-12-31pass
statement vs summary · net assetsconsolidated 2025-12-31pass
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