Annual report

Period2025-04-01 → 2026-03-31
Filed2026-06-23
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 148
MetricValuePeriodScopeSource row
Revenue¥38.0bn2025-04-01 → 2026-03-31Cons.Net sales
Revenue¥38.7bn2024-04-01 → 2025-03-31Cons.Net sales
Revenue¥40.4bn2023-04-01 → 2024-03-31vCons.Net sales (5-year summary)
Revenue¥39.2bn2022-04-01 → 2023-03-31vCons.Net sales (5-year summary)
Revenue¥31.8bn2021-04-01 → 2022-03-31vCons.Net sales (5-year summary)
Operating income¥4.7bn2025-04-01 → 2026-03-31Cons.Operating income
Operating income¥3.9bn2024-04-01 → 2025-03-31Cons.Operating income
Ordinary income¥4.8bn2025-04-01 → 2026-03-31Cons.Ordinary income
Ordinary income¥4.1bn2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income¥2.4bn2023-04-01 → 2024-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥2.2bn2022-04-01 → 2023-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥1.7bn2021-04-01 → 2022-03-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥4.8bn2025-04-01 → 2026-03-31Cons.Income before income taxes
Profit before tax¥4.5bn2024-04-01 → 2025-03-31Cons.Income before income taxes
Net income (owners)¥3.3bn2025-04-01 → 2026-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥3.2bn2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥1.9bn2023-04-01 → 2024-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥1.6bn2022-04-01 → 2023-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥726m2021-04-01 → 2022-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥4.2bn2025-04-01 → 2026-03-31Cons.Profit loss
Net income¥4.1bn2024-04-01 → 2025-03-31Cons.Profit loss
Total assets¥42.9bnat 2026-03-31Cons.Assets
Total assets¥40.4bnat 2025-03-31Cons.Assets
Total assets¥40.0bnat 2024-03-31vCons.Total assets (5-year summary)
Total assets¥41.6bnat 2023-03-31vCons.Total assets (5-year summary)
Total assets¥37.4bnat 2022-03-31vCons.Total assets (5-year summary)
Total liabilities¥13.2bnat 2026-03-31Cons.Liabilities
Total liabilities¥15.0bnat 2025-03-31Cons.Liabilities
Net assets / equity¥29.6bnat 2026-03-31Cons.Net assets
Net assets / equity¥25.4bnat 2025-03-31Cons.Net assets
Net assets / equity¥22.3bnat 2024-03-31vCons.Net assets
Net assets / equity¥22.3bnat 2023-03-31vCons.Net assets (5-year summary)
Net assets / equity¥20.6bnat 2022-03-31vCons.Net assets (5-year summary)
Cash and deposits¥6.4bnat 2026-03-31Cons.Cash and deposits
Cash and deposits¥5.0bnat 2025-03-31Cons.Cash and deposits
Cash & equivalents¥3.7bnat 2026-03-31Cons.Cash and cash equivalents
Cash & equivalents¥4.6bnat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥3.3bnat 2024-03-31vCons.Cash and cash equivalents
Cash & equivalents¥2.8bnat 2023-03-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥3.0bnat 2022-03-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥6.5bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥5.2bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥4.9bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥540m2022-04-01 → 2023-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥1.0bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥5.1bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥1.2bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥3.0bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥1.5bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥1.3bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥2.4bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥2.6bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥1.6bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥1.8bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥762m2021-04-01 → 2022-03-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥180.542025-04-01 → 2026-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥173.942024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-101.982023-04-01 → 2024-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥85.982022-04-01 → 2023-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥40.162021-04-01 → 2022-03-31vCons.Basic earnings loss per share (5-year summary)
Net assets per share¥1,331.42at 2026-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,138.94at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥1,001.56at 2024-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥1,053.16at 2023-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥998.76at 2022-03-31vCons.Net assets per share (5-year summary)
Equity ratio56.6%at 2026-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio51.2%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio45.5%at 2024-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio45.9%at 2023-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio48.3%at 2022-03-31vCons.Equity to asset ratio (5-year summary)
ROE14.6%2025-04-01 → 2026-03-31Cons.Rate of return on equity (5-year summary)
ROE16.3%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
ROE-9.9%2023-04-01 → 2024-03-31vCons.Rate of return on equity (5-year summary)
ROE8.4%2022-04-01 → 2023-03-31vCons.Rate of return on equity (5-year summary)
ROE4.2%2021-04-01 → 2022-03-31vCons.Rate of return on equity (5-year summary)
Employees851at 2026-03-31Cons.Number of employees
Employees860at 2025-03-31Cons.Number of employees
Employees946at 2024-03-31vCons.Number of employees
Employees1,023at 2023-03-31vCons.Number of employees
Employees1,009at 2022-03-31vCons.Number of employees
Revenue¥23.1bn2025-04-01 → 2026-03-31StandaloneNet sales
Revenue¥25.0bn2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥24.8bn2023-04-01 → 2024-03-31vStandaloneNet sales (5-year summary)
Revenue¥22.7bn2022-04-01 → 2023-03-31vStandaloneNet sales (5-year summary)
Revenue¥20.1bn2021-04-01 → 2022-03-31vStandaloneNet sales (5-year summary)
Operating income¥1.5bn2025-04-01 → 2026-03-31StandaloneOperating income
Operating income¥1.9bn2024-04-01 → 2025-03-31StandaloneOperating income
Ordinary income¥1.9bn2025-04-01 → 2026-03-31StandaloneOrdinary income
Ordinary income¥2.2bn2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income¥2.0bn2023-04-01 → 2024-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥843m2022-04-01 → 2023-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥730m2021-04-01 → 2022-03-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax¥2.0bn2025-04-01 → 2026-03-31StandaloneIncome before income taxes
Profit before tax¥2.2bn2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Net income¥2.3bn2025-04-01 → 2026-03-31StandaloneProfit loss
Net income¥2.6bn2024-04-01 → 2025-03-31StandaloneProfit loss
Net income−¥2.4bn2023-04-01 → 2024-03-31vStandaloneNet income loss (5-year summary)
Net income¥761m2022-04-01 → 2023-03-31vStandaloneNet income loss (5-year summary)
Net income¥453m2021-04-01 → 2022-03-31vStandaloneNet income loss (5-year summary)
Total assets¥27.3bnat 2026-03-31StandaloneAssets
Total assets¥26.4bnat 2025-03-31StandaloneAssets
Total assets¥25.4bnat 2024-03-31vStandaloneTotal assets (5-year summary)
Total assets¥28.6bnat 2023-03-31vStandaloneTotal assets (5-year summary)
Total assets¥26.0bnat 2022-03-31vStandaloneTotal assets (5-year summary)
Total liabilities¥11.7bnat 2026-03-31StandaloneLiabilities
Total liabilities¥12.9bnat 2025-03-31StandaloneLiabilities
Net assets / equity¥15.6bnat 2026-03-31StandaloneNet assets
Net assets / equity¥13.5bnat 2025-03-31StandaloneNet assets
Net assets / equity¥11.3bnat 2024-03-31vStandaloneNet assets
Net assets / equity¥13.8bnat 2023-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥13.7bnat 2022-03-31vStandaloneNet assets (5-year summary)
Cash and deposits¥1.6bnat 2026-03-31StandaloneCash and deposits
Cash and deposits¥957mat 2025-03-31StandaloneCash and deposits
EPS (basic)¥127.492025-04-01 → 2026-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥141.142024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-132.692023-04-01 → 2024-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥42.022022-04-01 → 2023-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥25.062021-04-01 → 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¥252024-04-01 → 2025-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥162023-04-01 → 2024-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥162022-04-01 → 2023-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥142021-04-01 → 2022-03-31vStandaloneDividend paid per share (5-year summary)
Net assets per share¥855.95at 2026-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥745.55at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥623.16at 2024-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥758.73at 2023-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥755.11at 2022-03-31vStandaloneNet assets per share (5-year summary)
Equity ratio57.0%at 2026-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio51.2%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio44.5%at 2024-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio48.1%at 2023-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio52.5%at 2022-03-31vStandaloneEquity to asset ratio (5-year summary)
ROE15.9%2025-04-01 → 2026-03-31StandaloneRate of return on equity (5-year summary)
ROE20.6%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE-19.2%2023-04-01 → 2024-03-31vStandaloneRate of return on equity (5-year summary)
ROE5.6%2022-04-01 → 2023-03-31vStandaloneRate of return on equity (5-year summary)
ROE3.4%2021-04-01 → 2022-03-31vStandaloneRate of return on equity (5-year summary)
Shares issued18,373,974at 2026-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued18,373,974at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued18,373,974at 2024-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued18,373,974at 2023-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued18,373,974at 2022-03-31vStandaloneTotal number of issued shares (5-year summary)
Employees256at 2026-03-31StandaloneNumber of employees
Employees252at 2025-03-31StandaloneNumber of employees
Employees249at 2024-03-31vStandaloneNumber of employees
Employees249at 2023-03-31vStandaloneNumber of employees
Employees248at 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 · 2
SegmentItemPeriodValue
Collagenreportable segmentemployeesat 2026-03-31851 pure
Collagenreportable segmentemployeesat 2026-03-31256 pure

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

All source rows · 1,601
ItemContextValueUnit
Comprehensive incomePrior1YearDuration3579000000JPY
Comprehensive incomeCurrentYearDuration4820000000JPY
Comprehensive income attributable to owners of the parentPrior1YearDuration2812000000JPY
Comprehensive income attributable to owners of the parentCurrentYearDuration4016000000JPY
Comprehensive income attributable to non controlling interestsPrior1YearDuration766000000JPY
Comprehensive income attributable to non controlling interestsCurrentYearDuration804000000JPY
Net assetsPrior2YearInstant_CapitalStockMember3144000000JPY
Net assetsPrior2YearInstant_CapitalSurplusMember2966000000JPY
Net assetsPrior2YearInstant_RetainedEarningsMember9326000000JPY
Net assetsPrior2YearInstant_TreasuryStockMember-143000000JPY
Net assetsPrior2YearInstant_ShareholdersEquityMember15295000000JPY
Dividends from surplusPrior1YearDuration_RetainedEarningsMember-308000000JPY
Dividends from surplusPrior1YearDuration_ShareholdersEquityMember-308000000JPY
Profit loss attributable to owners of parentPrior1YearDuration_RetainedEarningsMember3159000000JPY
Profit loss attributable to owners of parentPrior1YearDuration_ShareholdersEquityMember3159000000JPY
Disposal of treasury stockPrior1YearDuration_CapitalSurplusMember0JPY
Disposal of treasury stockPrior1YearDuration_TreasuryStockMember5000000JPY
Disposal of treasury stockPrior1YearDuration_ShareholdersEquityMember6000000JPY
Purchase of shares of consolidated subsidiariesPrior1YearDuration_CapitalSurplusMember-6000000JPY
Purchase of shares of consolidated subsidiariesPrior1YearDuration_ShareholdersEquityMember-6000000JPY
Net changes of items other than shareholders equityPrior1YearDuration_ShareholdersEquityMember-JPY
Total changes of items during the periodPrior1YearDuration_CapitalStockMember-JPY
Total changes of items during the periodPrior1YearDuration_CapitalSurplusMember-5000000JPY
Total changes of items during the periodPrior1YearDuration_RetainedEarningsMember2850000000JPY
Total changes of items during the periodPrior1YearDuration_TreasuryStockMember5000000JPY
Total changes of items during the periodPrior1YearDuration_ShareholdersEquityMember2850000000JPY
Net assetsPrior1YearInstant_CapitalStockMember3144000000JPY
Net assetsPrior1YearInstant_CapitalSurplusMember2960000000JPY
Net assetsPrior1YearInstant_RetainedEarningsMember12177000000JPY
Net assetsPrior1YearInstant_TreasuryStockMember-137000000JPY
Net assetsPrior1YearInstant_ShareholdersEquityMember18145000000JPY
Net assetsPrior2YearInstant_ValuationDifferenceOnAvailableForSaleSecuritiesMember1114000000JPY
Net assetsPrior2YearInstant_DeferredGainsOrLossesOnHedgesMember-19000000JPY
Net assetsPrior2YearInstant_ForeignCurrencyTranslationAdjustmentMember1450000000JPY
Net assetsPrior2YearInstant_RemeasurementsOfDefinedBenefitPlansMember347000000JPY
Net assetsPrior2YearInstant_ValuationAndTranslationAdjustmentsMember2893000000JPY
Net assetsPrior2YearInstant_NonControllingInterestsMember4081000000JPY
Net assetsPrior2YearInstant22269000000JPY
Dividends from surplusPrior1YearDuration_ValuationAndTranslationAdjustmentsMember-JPY
Dividends from surplusPrior1YearDuration-308000000JPY
Profit loss attributable to owners of parentPrior1YearDuration_ValuationAndTranslationAdjustmentsMember-JPY
Profit loss attributable to owners of parentPrior1YearDuration3159000000JPY
Disposal of treasury stockPrior1YearDuration_ValuationAndTranslationAdjustmentsMember-JPY
Disposal of treasury stockPrior1YearDuration6000000JPY
Purchase of shares of consolidated subsidiariesPrior1YearDuration_ValuationAndTranslationAdjustmentsMember-JPY
Purchase of shares of consolidated subsidiariesPrior1YearDuration-6000000JPY
Net changes of items other than shareholders equityPrior1YearDuration_ValuationDifferenceOnAvailableForSaleSecuritiesMember-32000000JPY
Net changes of items other than shareholders equityPrior1YearDuration_DeferredGainsOrLossesOnHedgesMember-2000000JPY
Net changes of items other than shareholders equityPrior1YearDuration_ForeignCurrencyTranslationAdjustmentMember-330000000JPY
Net changes of items other than shareholders equityPrior1YearDuration_RemeasurementsOfDefinedBenefitPlansMember18000000JPY

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 rounding
balance sheet identityconsolidated 2026-03-31pass rounding
balance sheet identitynon_consolidated 2025-03-31pass rounding
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