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
Profit loss attributable to owners of parentCurrentYearDuration3282000000JPY
Disposal of treasury stockCurrentYearDuration_ValuationAndTranslationAdjustmentsMember-JPY
Disposal of treasury stockCurrentYearDuration49000000JPY
Net changes of items other than shareholders equityCurrentYearDuration_ValuationDifferenceOnAvailableForSaleSecuritiesMember186000000JPY
Net changes of items other than shareholders equityCurrentYearDuration_DeferredGainsOrLossesOnHedgesMember-0JPY
Net changes of items other than shareholders equityCurrentYearDuration_ForeignCurrencyTranslationAdjustmentMember288000000JPY
Net changes of items other than shareholders equityCurrentYearDuration_RemeasurementsOfDefinedBenefitPlansMember259000000JPY
Net changes of items other than shareholders equityCurrentYearDuration_ValuationAndTranslationAdjustmentsMember733000000JPY
Net changes of items other than shareholders equityCurrentYearDuration_NonControllingInterestsMember698000000JPY
Net changes of items other than shareholders equityCurrentYearDuration1432000000JPY
Total changes of items during the periodCurrentYearDuration_ValuationDifferenceOnAvailableForSaleSecuritiesMember186000000JPY
Total changes of items during the periodCurrentYearDuration_DeferredGainsOrLossesOnHedgesMember-0JPY
Total changes of items during the periodCurrentYearDuration_ForeignCurrencyTranslationAdjustmentMember288000000JPY
Total changes of items during the periodCurrentYearDuration_RemeasurementsOfDefinedBenefitPlansMember259000000JPY
Total changes of items during the periodCurrentYearDuration_ValuationAndTranslationAdjustmentsMember733000000JPY
Total changes of items during the periodCurrentYearDuration_NonControllingInterestsMember698000000JPY
Total changes of items during the periodCurrentYearDuration4255000000JPY
Net assetsCurrentYearInstant_ValuationDifferenceOnAvailableForSaleSecuritiesMember1269000000JPY
Net assetsCurrentYearInstant_DeferredGainsOrLossesOnHedgesMember-22000000JPY
Net assetsCurrentYearInstant_ForeignCurrencyTranslationAdjustmentMember1407000000JPY
Net assetsCurrentYearInstant_RemeasurementsOfDefinedBenefitPlansMember625000000JPY
Net assetsCurrentYearInstant_ValuationAndTranslationAdjustmentsMember3280000000JPY
Net assetsCurrentYearInstant_NonControllingInterestsMember5381000000JPY
Net assetsCurrentYearInstant29630000000JPY
Income before income taxesPrior1YearDuration4490000000JPY
Income before income taxesCurrentYearDuration4817000000JPY
Depreciation and amortization ope cfPrior1YearDuration1202000000JPY
Depreciation and amortization ope cfCurrentYearDuration1341000000JPY
Amortization of long term prepaid expenses ope cfPrior1YearDuration-JPY
Amortization of long term prepaid expenses ope cfCurrentYearDuration10000000JPY
Amortization of goodwill ope cfPrior1YearDuration65000000JPY
Amortization of goodwill ope cfCurrentYearDuration64000000JPY
Increase decrease in allowance for doubtful accounts ope cfPrior1YearDuration11000000JPY
Increase decrease in allowance for doubtful accounts ope cfCurrentYearDuration-9000000JPY
Increase decrease in provision for bonuses ope cfPrior1YearDuration76000000JPY
Increase decrease in provision for bonuses ope cfCurrentYearDuration25000000JPY
Increase decrease in retirement benefit assets or liabilities ope cfPrior1YearDuration-123000000JPY
Increase decrease in retirement benefit assets or liabilities ope cfCurrentYearDuration-144000000JPY
Interest and dividends income ope cfPrior1YearDuration-191000000JPY
Interest and dividends income ope cfCurrentYearDuration-221000000JPY
Interest expenses ope cfPrior1YearDuration104000000JPY
Interest expenses ope cfCurrentYearDuration74000000JPY
Foreign exchange losses gains ope cfPrior1YearDuration-26000000JPY
Foreign exchange losses gains ope cfCurrentYearDuration-3000000JPY
Equity in earnings losses of affiliates ope cfPrior1YearDuration144000000JPY
Equity in earnings losses of affiliates ope cfCurrentYearDuration94000000JPY
Loss gain on sales of property plant and equipment ope cfPrior1YearDuration-225000000JPY
Loss gain on sales of property plant and equipment ope cfCurrentYearDuration-6000000JPY
Loss on retirement of noncurrent assets ope cfPrior1YearDuration14000000JPY
Loss on retirement of noncurrent assets ope cfCurrentYearDuration36000000JPY

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