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
Cash and cash equivalents (5-year summary)Prior3YearInstant3379048000JPY
Cash and cash equivalents (5-year summary)Prior2YearInstant2889101000JPY
Cash and cash equivalents (5-year summary)Prior1YearInstant2108484000JPY
Cash and cash equivalents (5-year summary)CurrentYearInstant516789000JPY
Number of employeesPrior4YearInstant64
Number of employeesPrior3YearInstant65
Number of employeesPrior2YearInstant67
Number of employeesPrior1YearInstant63
Number of employeesCurrentYearInstant61
Average number of temporary workersPrior4YearInstant9
Average number of temporary workersPrior3YearInstant8
Average number of temporary workersPrior2YearInstant8
Average number of temporary workersPrior1YearInstant10
Average number of temporary workersCurrentYearInstant13
Net sales (5-year summary)Prior4YearDuration_NonConsolidatedMember1931718000JPY
Net sales (5-year summary)Prior3YearDuration_NonConsolidatedMember1216066000JPY
Net sales (5-year summary)Prior2YearDuration_NonConsolidatedMember1468204000JPY
Net sales (5-year summary)Prior1YearDuration_NonConsolidatedMember542056000JPY
Net sales (5-year summary)CurrentYearDuration_NonConsolidatedMember491319000JPY
Ordinary income loss (5-year summary)Prior4YearDuration_NonConsolidatedMember-548843000JPY
Ordinary income loss (5-year summary)Prior3YearDuration_NonConsolidatedMember-1357020000JPY
Ordinary income loss (5-year summary)Prior2YearDuration_NonConsolidatedMember-1176623000JPY
Ordinary income loss (5-year summary)Prior1YearDuration_NonConsolidatedMember-2072150000JPY
Ordinary income loss (5-year summary)CurrentYearDuration_NonConsolidatedMember-2116582000JPY
Net income loss (5-year summary)Prior4YearDuration_NonConsolidatedMember-556425000JPY
Net income loss (5-year summary)Prior3YearDuration_NonConsolidatedMember-1405357000JPY
Net income loss (5-year summary)Prior2YearDuration_NonConsolidatedMember-1184953000JPY
Net income loss (5-year summary)Prior1YearDuration_NonConsolidatedMember-2168495000JPY
Net income loss (5-year summary)CurrentYearDuration_NonConsolidatedMember-2142272000JPY
Capital stock (5-year summary)Prior4YearInstant_NonConsolidatedMember1056953000JPY
Capital stock (5-year summary)Prior3YearInstant_NonConsolidatedMember1382246000JPY
Capital stock (5-year summary)Prior2YearInstant_NonConsolidatedMember2076474000JPY
Capital stock (5-year summary)Prior1YearInstant_NonConsolidatedMember2447707000JPY
Capital stock (5-year summary)CurrentYearInstant_NonConsolidatedMember14846000JPY
Total number of issued shares (5-year summary)Prior4YearInstant_NonConsolidatedMember13313400
Total number of issued shares (5-year summary)Prior3YearInstant_NonConsolidatedMember14218300
Total number of issued shares (5-year summary)Prior2YearInstant_NonConsolidatedMember17151900
Total number of issued shares (5-year summary)Prior1YearInstant_NonConsolidatedMember19107500
Total number of issued shares (5-year summary)CurrentYearInstant_NonConsolidatedMember19150500
Net assets (5-year summary)Prior4YearInstant_NonConsolidatedMember4194643000JPY
Net assets (5-year summary)Prior3YearInstant_NonConsolidatedMember3439714000JPY
Net assets (5-year summary)Prior2YearInstant_NonConsolidatedMember3624863000JPY
Net assets (5-year summary)Prior1YearInstant_NonConsolidatedMember2198126000JPY
Net assets (5-year summary)CurrentYearInstant_NonConsolidatedMember66108000JPY
Total assets (5-year summary)Prior4YearInstant_NonConsolidatedMember5305486000JPY
Total assets (5-year summary)Prior3YearInstant_NonConsolidatedMember4046289000JPY
Total assets (5-year summary)Prior2YearInstant_NonConsolidatedMember4086919000JPY
Total assets (5-year summary)Prior1YearInstant_NonConsolidatedMember2491642000JPY
Total assets (5-year summary)CurrentYearInstant_NonConsolidatedMember1142194000JPY
Net assets per share (5-year summary)Prior4YearInstant_NonConsolidatedMember314.45

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