Annual report

Period2023-01-01 → 2023-12-31

Filed2024-03-22

StandardJapan GAAP

ConsolidatedYes

Data checks23 of 23 passed

Key figures · 114

Metric	Value	Period	Scope	Source row
Revenue	¥5.6bn	2023-01-01 → 2023-12-31	Cons.	Net sales
Revenue	¥10.0bn	2022-01-01 → 2022-12-31	Cons.	Net sales
Operating income	−¥812m	2023-01-01 → 2023-12-31	Cons.	Operating income
Operating income	¥2.0bn	2022-01-01 → 2022-12-31	Cons.	Operating income
Ordinary income	−¥736m	2023-01-01 → 2023-12-31	Cons.	Ordinary income
Ordinary income	¥2.0bn	2022-01-01 → 2022-12-31	Cons.	Ordinary income
Profit before tax	−¥1.2bn	2023-01-01 → 2023-12-31	Cons.	Income before income taxes
Profit before tax	¥2.1bn	2022-01-01 → 2022-12-31	Cons.	Income before income taxes
Net income (owners)	−¥2.0bn	2023-01-01 → 2023-12-31	Cons.	Profit loss attributable to owners of parent
Net income (owners)	¥1.2bn	2022-01-01 → 2022-12-31	Cons.	Profit loss attributable to owners of parent
Net income	−¥2.0bn	2023-01-01 → 2023-12-31	Cons.	Profit loss
Net income	¥1.2bn	2022-01-01 → 2022-12-31	Cons.	Profit loss
Total assets	¥8.2bn	at 2023-12-31	Cons.	Assets
Total assets	¥10.4bn	at 2022-12-31	Cons.	Assets
Total liabilities	¥960m	at 2023-12-31	Cons.	Liabilities
Total liabilities	¥1.9bn	at 2022-12-31	Cons.	Liabilities
Net assets / equity	¥7.2bn	at 2023-12-31	Cons.	Net assets
Net assets / equity	¥8.5bn	at 2022-12-31	Cons.	Net assets
Net assets / equity	¥6.7bn	at 2021-12-31^d	Cons.	Net assets
Cash and deposits	¥6.5bn	at 2023-12-31	Cons.	Cash and deposits
Cash and deposits	¥6.3bn	at 2022-12-31	Cons.	Cash and deposits
Cash & equivalents	¥6.5bn	at 2023-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥6.3bn	at 2022-12-31	Cons.	Cash and cash equivalents
Cash & equivalents	¥3.9bn	at 2021-12-31^d	Cons.	Cash and cash equivalents
Operating cash flow	−¥195m	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in operating activities
Operating cash flow	¥1.6bn	2022-01-01 → 2022-12-31	Cons.	Net cash provided by used in operating activities
Investing cash flow	−¥377m	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in investment activities
Investing cash flow	−¥47m	2022-01-01 → 2022-12-31	Cons.	Net cash provided by used in investment activities
Financing cash flow	¥680m	2023-01-01 → 2023-12-31	Cons.	Net cash provided by used in financing activities
Financing cash flow	¥628m	2022-01-01 → 2022-12-31	Cons.	Net cash provided by used in financing activities
EPS (basic)	¥-49.19	2023-01-01 → 2023-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (basic)	¥30.2	2022-01-01 → 2022-12-31	Cons.	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥29.77	2022-01-01 → 2022-12-31	Cons.	Diluted earnings per share (5-year summary)
Net assets per share	¥164.32	at 2023-12-31	Cons.	Net assets per share (5-year summary)
Net assets per share	¥204.83	at 2022-12-31	Cons.	Net assets per share (5-year summary)
Equity ratio	84.9%	at 2023-12-31	Cons.	Equity to asset ratio (5-year summary)
Equity ratio	77.6%	at 2022-12-31	Cons.	Equity to asset ratio (5-year summary)
ROE	14.6%	2022-01-01 → 2022-12-31	Cons.	Rate of return on equity (5-year summary)
Employees	109	at 2023-12-31	Cons.	Number of employees
Employees	122	at 2022-12-31	Cons.	Number of employees
Revenue	¥5.6bn	2023-01-01 → 2023-12-31	Standalone	Net sales
Revenue	¥10.0bn	2022-01-01 → 2022-12-31	Standalone	Net sales
Revenue	¥8.3bn	2021-01-01 → 2021-12-31^d	Standalone	Net sales (5-year summary)
Revenue	¥3.0bn	2020-01-01 → 2020-12-31^d	Standalone	Net sales (5-year summary)
Revenue	¥2.8bn	2019-01-01 → 2019-12-31^d	Standalone	Net sales (5-year summary)
Operating income	−¥852m	2023-01-01 → 2023-12-31	Standalone	Operating income
Operating income	¥2.0bn	2022-01-01 → 2022-12-31	Standalone	Operating income
Ordinary income	−¥774m	2023-01-01 → 2023-12-31	Standalone	Ordinary income
Ordinary income	¥2.0bn	2022-01-01 → 2022-12-31	Standalone	Ordinary income
Ordinary income	¥1.0bn	2021-01-01 → 2021-12-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥4.6bn	2020-01-01 → 2020-12-31^d	Standalone	Ordinary income loss (5-year summary)
Ordinary income	−¥4.4bn	2019-01-01 → 2019-12-31^d	Standalone	Ordinary income loss (5-year summary)
Profit before tax	−¥1.2bn	2023-01-01 → 2023-12-31	Standalone	Income before income taxes
Profit before tax	¥2.1bn	2022-01-01 → 2022-12-31	Standalone	Income before income taxes
Net income	−¥2.0bn	2023-01-01 → 2023-12-31	Standalone	Profit loss
Net income	¥1.2bn	2022-01-01 → 2022-12-31	Standalone	Profit loss
Net income	¥2.0bn	2021-01-01 → 2021-12-31^d	Standalone	Net income loss (5-year summary)
Net income	−¥4.1bn	2020-01-01 → 2020-12-31^d	Standalone	Net income loss (5-year summary)
Net income	−¥4.4bn	2019-01-01 → 2019-12-31^d	Standalone	Net income loss (5-year summary)
Total assets	¥8.2bn	at 2023-12-31	Standalone	Assets
Total assets	¥10.4bn	at 2022-12-31	Standalone	Assets
Total assets	¥8.5bn	at 2021-12-31^d	Standalone	Total assets (5-year summary)
Total assets	¥6.3bn	at 2020-12-31^d	Standalone	Total assets (5-year summary)
Total assets	¥5.3bn	at 2019-12-31^d	Standalone	Total assets (5-year summary)
Total liabilities	¥980m	at 2023-12-31	Standalone	Liabilities
Total liabilities	¥1.9bn	at 2022-12-31	Standalone	Liabilities
Net assets / equity	¥7.2bn	at 2023-12-31	Standalone	Net assets
Net assets / equity	¥8.5bn	at 2022-12-31	Standalone	Net assets
Net assets / equity	¥6.7bn	at 2021-12-31^d	Standalone	Net assets
Net assets / equity	¥4.7bn	at 2020-12-31^d	Standalone	Net assets (5-year summary)
Net assets / equity	¥4.4bn	at 2019-12-31^d	Standalone	Net assets (5-year summary)
Cash and deposits	¥6.3bn	at 2023-12-31	Standalone	Cash and deposits
Cash and deposits	¥6.3bn	at 2022-12-31	Standalone	Cash and deposits
Cash & equivalents	¥3.9bn	at 2021-12-31^d	Standalone	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥3.8bn	at 2020-12-31^d	Standalone	Cash and cash equivalents (5-year summary)
Cash & equivalents	¥3.9bn	at 2019-12-31^d	Standalone	Cash and cash equivalents (5-year summary)
Operating cash flow	¥140m	2021-01-01 → 2021-12-31^d	Standalone	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥4.1bn	2020-01-01 → 2020-12-31^d	Standalone	Net cash provided by used in operating activities (5-year summary)
Operating cash flow	−¥4.4bn	2019-01-01 → 2019-12-31^d	Standalone	Net cash provided by used in operating activities (5-year summary)
Investing cash flow	−¥71m	2021-01-01 → 2021-12-31^d	Standalone	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥160m	2020-01-01 → 2020-12-31^d	Standalone	Net cash provided by used in investing activities (5-year summary)
Investing cash flow	−¥216m	2019-01-01 → 2019-12-31^d	Standalone	Net cash provided by used in investing activities (5-year summary)
Financing cash flow	−¥72m	2021-01-01 → 2021-12-31^d	Standalone	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥4.2bn	2020-01-01 → 2020-12-31^d	Standalone	Net cash provided by used in financing activities (5-year summary)
Financing cash flow	¥3.7bn	2019-01-01 → 2019-12-31^d	Standalone	Net cash provided by used in financing activities (5-year summary)
EPS (basic)	¥-49.79	2023-01-01 → 2023-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥30.37	2022-01-01 → 2022-12-31	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥53.04	2021-01-01 → 2021-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-124.13	2020-01-01 → 2020-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (basic)	¥-189.03	2019-01-01 → 2019-12-31^d	Standalone	Basic earnings loss per share (5-year summary)
EPS (diluted)	¥29.95	2022-01-01 → 2022-12-31	Standalone	Diluted earnings per share (5-year summary)
EPS (diluted)	¥52.32	2021-01-01 → 2021-12-31^d	Standalone	Diluted earnings per share (5-year summary)
Net assets per share	¥164.02	at 2023-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥204.95	at 2022-12-31	Standalone	Net assets per share (5-year summary)
Net assets per share	¥162.26	at 2021-12-31^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥105.76	at 2020-12-31^d	Standalone	Net assets per share (5-year summary)
Net assets per share	¥143.07	at 2019-12-31^d	Standalone	Net assets per share (5-year summary)
Equity ratio	84.6%	at 2023-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	77.8%	at 2022-12-31	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	73.7%	at 2021-12-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	64.3%	at 2020-12-31^d	Standalone	Equity to asset ratio (5-year summary)
Equity ratio	71.7%	at 2019-12-31^d	Standalone	Equity to asset ratio (5-year summary)
ROE	16.6%	2022-01-01 → 2022-12-31	Standalone	Rate of return on equity (5-year summary)
ROE	39.6%	2021-01-01 → 2021-12-31^d	Standalone	Rate of return on equity (5-year summary)
Shares issued	42,278,081	at 2023-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	39,603,606	at 2022-12-31	Standalone	Total number of issued shares (5-year summary)
Shares issued	38,457,206	at 2021-12-31^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	38,202,956	at 2020-12-31^d	Standalone	Total number of issued shares (5-year summary)
Shares issued	26,437,681	at 2019-12-31^d	Standalone	Total number of issued shares (5-year summary)
Employees	103	at 2023-12-31	Standalone	Number of employees
Employees	118	at 2022-12-31	Standalone	Number of employees
Employees	141	at 2021-12-31^d	Standalone	Number of employees
Employees	127	at 2020-12-31^d	Standalone	Number of employees
Employees	107	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 · 1

Segment	Item	Period	Value
Research And Development Manufacturing And Sales Of Pharmaceuticals Etc And Related Businessreportable segment	employees	at 2023-12-31	109 pure

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

All source rows · 1,272

Item	Context	Value	Unit
Legal capital surplus	Prior1YearInstant_NonConsolidatedMember	17518459000	JPY
Legal capital surplus	CurrentYearInstant_NonConsolidatedMember	17922692000	JPY
Other capital surplus	Prior1YearInstant_NonConsolidatedMember	4898000	JPY
Other capital surplus	CurrentYearInstant_NonConsolidatedMember	4891000	JPY
Capital surplus	Prior1YearInstant_NonConsolidatedMember	17523357000	JPY
Capital surplus	CurrentYearInstant_NonConsolidatedMember	17927584000	JPY
Retained earnings brought forward	Prior1YearInstant_NonConsolidatedMember	-26884309000	JPY
Retained earnings brought forward	CurrentYearInstant_NonConsolidatedMember	-28871032000	JPY
Retained earnings	Prior1YearInstant_NonConsolidatedMember	-26884309000	JPY
Retained earnings	CurrentYearInstant_NonConsolidatedMember	-28871032000	JPY
Treasury stock	Prior1YearInstant_NonConsolidatedMember	-88154000	JPY
Treasury stock	CurrentYearInstant_NonConsolidatedMember	-89122000	JPY
Shareholders equity	Prior1YearInstant_NonConsolidatedMember	8099352000	JPY
Shareholders equity	CurrentYearInstant_NonConsolidatedMember	6920120000	JPY
Subscription rights to shares	Prior1YearInstant_NonConsolidatedMember	411672000	JPY
Subscription rights to shares	CurrentYearInstant_NonConsolidatedMember	277044000	JPY
Net assets	Prior1YearInstant_NonConsolidatedMember	8511025000	JPY
Net assets	CurrentYearInstant_NonConsolidatedMember	7197165000	JPY
Liabilities and net assets	Prior1YearInstant_NonConsolidatedMember	10410354000	JPY
Liabilities and net assets	CurrentYearInstant_NonConsolidatedMember	8177010000	JPY
Net sales	Prior1YearDuration_NonConsolidatedMember	10008338000	JPY
Net sales	CurrentYearDuration_NonConsolidatedMember	5589708000	JPY
Beginning merchandise and finished goods cos	Prior1YearDuration_NonConsolidatedMember	385206000	JPY
Beginning merchandise and finished goods cos	CurrentYearDuration_NonConsolidatedMember	468928000	JPY
Cost of goods purchased cos	Prior1YearDuration_NonConsolidatedMember	2492155000	JPY
Cost of goods purchased cos	CurrentYearDuration_NonConsolidatedMember	941417000	JPY
Total beginning and cost purchased merchandise and finished goods cos	Prior1YearDuration_NonConsolidatedMember	2877362000	JPY
Total beginning and cost purchased merchandise and finished goods cos	CurrentYearDuration_NonConsolidatedMember	1410345000	JPY
Ending merchandise and finished goods cos	Prior1YearDuration_NonConsolidatedMember	468928000	JPY
Ending merchandise and finished goods cos	CurrentYearDuration_NonConsolidatedMember	231650000	JPY
Cost of sales	Prior1YearDuration_NonConsolidatedMember	2408434000	JPY
Cost of sales	CurrentYearDuration_NonConsolidatedMember	1178694000	JPY
Gross profit	Prior1YearDuration_NonConsolidatedMember	7599904000	JPY
Gross profit	CurrentYearDuration_NonConsolidatedMember	4411013000	JPY
Selling general and administrative expenses	Prior1YearDuration_NonConsolidatedMember	5627706000	JPY
Selling general and administrative expenses	CurrentYearDuration_NonConsolidatedMember	5263120000	JPY
Operating income	Prior1YearDuration_NonConsolidatedMember	1972197000	JPY
Operating income	CurrentYearDuration_NonConsolidatedMember	-852107000	JPY
Interest income noi	Prior1YearDuration_NonConsolidatedMember	98000	JPY
Interest income noi	CurrentYearDuration_NonConsolidatedMember	11972000	JPY
Foreign exchange gains noi	Prior1YearDuration_NonConsolidatedMember	128933000	JPY
Foreign exchange gains noi	CurrentYearDuration_NonConsolidatedMember	119854000	JPY
Other noi	Prior1YearDuration_NonConsolidatedMember	2925000	JPY
Other noi	CurrentYearDuration_NonConsolidatedMember	3711000	JPY
Non operating income	Prior1YearDuration_NonConsolidatedMember	131957000	JPY
Non operating income	CurrentYearDuration_NonConsolidatedMember	135537000	JPY
Commission fee noe	Prior1YearDuration_NonConsolidatedMember	56543000	JPY
Commission fee noe	CurrentYearDuration_NonConsolidatedMember	12728000	JPY
Stock issuance cost noe	Prior1YearDuration_NonConsolidatedMember	45867000	JPY
Stock issuance cost noe	CurrentYearDuration_NonConsolidatedMember	11478000	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 · 23 of 23 passed

balance sheet identity	consolidated 2022-12-31	pass
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 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 · revenue	consolidated 2022-01-01/2022-12-31	pass
statement vs summary · revenue	consolidated 2023-01-01/2023-12-31	pass
statement vs summary · revenue	non_consolidated 2022-01-01/2022-12-31	pass
statement vs summary · revenue	non_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