Annual report

Period2025-04-01 → 2026-03-31
Filed2026-06-26
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 133
MetricValuePeriodScopeSource row
Revenue¥2.2bn2025-04-01 → 2026-03-31Cons.Net sales
Revenue¥3.0bn2024-04-01 → 2025-03-31Cons.Net sales
Revenue¥2.4bn2023-04-01 → 2024-03-31vCons.Net sales (5-year summary)
Revenue¥3.0bn2022-04-01 → 2023-03-31vCons.Net sales (5-year summary)
Revenue¥2.2bn2021-04-01 → 2022-03-31vCons.Net sales (5-year summary)
Operating income−¥860m2025-04-01 → 2026-03-31Cons.Operating income
Operating income−¥130m2024-04-01 → 2025-03-31Cons.Operating income
Ordinary income−¥581m2025-04-01 → 2026-03-31Cons.Ordinary income
Ordinary income¥45m2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income¥40m2023-04-01 → 2024-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥120m2022-04-01 → 2023-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income−¥507m2021-04-01 → 2022-03-31vCons.Ordinary income loss (5-year summary)
Profit before tax−¥587m2025-04-01 → 2026-03-31Cons.Income before income taxes
Profit before tax¥45m2024-04-01 → 2025-03-31Cons.Income before income taxes
Net income (owners)−¥592m2025-04-01 → 2026-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥103m2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)−¥31m2023-04-01 → 2024-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥305m2022-04-01 → 2023-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)−¥575m2021-04-01 → 2022-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income−¥592m2025-04-01 → 2026-03-31Cons.Profit loss
Net income¥103m2024-04-01 → 2025-03-31Cons.Profit loss
Total assets¥9.7bnat 2026-03-31Cons.Assets
Total assets¥9.7bnat 2025-03-31Cons.Assets
Total assets¥9.1bnat 2024-03-31vCons.Total assets (5-year summary)
Total assets¥8.4bnat 2023-03-31vCons.Total assets (5-year summary)
Total assets¥8.1bnat 2022-03-31vCons.Total assets (5-year summary)
Total liabilities¥806mat 2026-03-31Cons.Liabilities
Total liabilities¥686mat 2025-03-31Cons.Liabilities
Net assets / equity¥8.8bnat 2026-03-31Cons.Net assets
Net assets / equity¥9.0bnat 2025-03-31Cons.Net assets
Net assets / equity¥8.3bnat 2024-03-31vCons.Net assets
Net assets / equity¥7.6bnat 2023-03-31vCons.Net assets (5-year summary)
Net assets / equity¥7.3bnat 2022-03-31vCons.Net assets (5-year summary)
Cash and deposits¥2.6bnat 2026-03-31Cons.Cash and deposits
Cash and deposits¥2.8bnat 2025-03-31Cons.Cash and deposits
Cash & equivalents¥2.6bnat 2026-03-31Cons.Cash and cash equivalents
Cash & equivalents¥2.8bnat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥2.9bnat 2024-03-31vCons.Cash and cash equivalents
Cash & equivalents¥1.9bnat 2023-03-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥2.6bnat 2022-03-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow−¥384m2025-04-01 → 2026-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥6m2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow−¥11m2023-04-01 → 2024-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥141m2022-04-01 → 2023-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow−¥246m2021-04-01 → 2022-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow¥58m2025-04-01 → 2026-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥796m2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow¥404m2023-04-01 → 2024-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥1.1bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥2.1bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow¥680m2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow¥544m2023-04-01 → 2024-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥483m2022-04-01 → 2023-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥2.4bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥-6.252025-04-01 → 2026-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥1.112024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-0.372023-04-01 → 2024-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-3.622022-04-01 → 2023-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥-7.572021-04-01 → 2022-03-31vCons.Basic earnings loss per share (5-year summary)
Net assets per share¥93.09at 2026-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥94.89at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥93.41at 2024-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥89.01at 2023-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥88.11at 2022-03-31vCons.Net assets per share (5-year summary)
Equity ratio91.7%at 2026-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio92.9%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio91.8%at 2024-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio90.7%at 2023-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio89.5%at 2022-03-31vCons.Equity to asset ratio (5-year summary)
ROE1.2%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
Employees101at 2026-03-31Cons.Number of employees
Employees99at 2025-03-31Cons.Number of employees
Employees96at 2024-03-31vCons.Number of employees
Employees92at 2023-03-31vCons.Number of employees
Employees98at 2022-03-31vCons.Number of employees
Revenue¥624m2025-04-01 → 2026-03-31StandaloneNet sales
Revenue¥960m2024-04-01 → 2025-03-31StandaloneNet sales
Revenue¥941m2023-04-01 → 2024-03-31vStandaloneNet sales (5-year summary)
Revenue¥1.6bn2022-04-01 → 2023-03-31vStandaloneNet sales (5-year summary)
Revenue¥1.3bn2021-04-01 → 2022-03-31vStandaloneNet sales (5-year summary)
Operating income−¥609m2025-04-01 → 2026-03-31StandaloneOperating income
Operating income−¥401m2024-04-01 → 2025-03-31StandaloneOperating income
Ordinary income−¥331m2025-04-01 → 2026-03-31StandaloneOrdinary income
Ordinary income−¥285m2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income−¥62m2023-04-01 → 2024-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥112m2022-04-01 → 2023-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income−¥382m2021-04-01 → 2022-03-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax−¥339m2025-04-01 → 2026-03-31StandaloneIncome before income taxes
Profit before tax−¥304m2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Net income−¥341m2025-04-01 → 2026-03-31StandaloneProfit loss
Net income−¥306m2024-04-01 → 2025-03-31StandaloneProfit loss
Net income−¥205m2023-04-01 → 2024-03-31vStandaloneNet income loss (5-year summary)
Net income−¥297m2022-04-01 → 2023-03-31vStandaloneNet income loss (5-year summary)
Net income−¥541m2021-04-01 → 2022-03-31vStandaloneNet income loss (5-year summary)
Total assets¥9.2bnat 2026-03-31StandaloneAssets
Total assets¥9.0bnat 2025-03-31StandaloneAssets
Total assets¥8.8bnat 2024-03-31vStandaloneTotal assets (5-year summary)
Total assets¥8.4bnat 2023-03-31vStandaloneTotal assets (5-year summary)
Total assets¥8.2bnat 2022-03-31vStandaloneTotal assets (5-year summary)
Total liabilities¥462mat 2026-03-31StandaloneLiabilities
Total liabilities¥368mat 2025-03-31StandaloneLiabilities
Net assets / equity¥8.7bnat 2026-03-31StandaloneNet assets
Net assets / equity¥8.6bnat 2025-03-31StandaloneNet assets
Net assets / equity¥8.4bnat 2024-03-31vStandaloneNet assets
Net assets / equity¥7.9bnat 2023-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥7.5bnat 2022-03-31vStandaloneNet assets (5-year summary)
Cash and deposits¥2.1bnat 2026-03-31StandaloneCash and deposits
Cash and deposits¥2.3bnat 2025-03-31StandaloneCash and deposits
EPS (basic)¥-3.62025-04-01 → 2026-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-3.292024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-2.42023-04-01 → 2024-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-3.522022-04-01 → 2023-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥-7.132021-04-01 → 2022-03-31vStandaloneBasic earnings loss per share (5-year summary)
Net assets per share¥91.6at 2026-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥91.29at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥94.05at 2024-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥92.42at 2023-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥91.73at 2022-03-31vStandaloneNet assets per share (5-year summary)
Equity ratio95.0%at 2026-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio95.9%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio95.3%at 2024-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio93.8%at 2023-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio92.1%at 2022-03-31vStandaloneEquity to asset ratio (5-year summary)
Shares issued95,147,891at 2026-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued94,802,891at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued89,013,591at 2024-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued85,141,191at 2023-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued82,270,891at 2022-03-31vStandaloneTotal number of issued shares (5-year summary)
Employees30at 2026-03-31StandaloneNumber of employees
Employees28at 2025-03-31StandaloneNumber of employees
Employees26at 2024-03-31vStandaloneNumber of employees
Employees28at 2023-03-31vStandaloneNumber of employees
Employees31at 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 · 50
SegmentItemPeriodValue
Reconciling Itemsreconcilingcapex2025-04-01 → 2026-03-31¥7m
Reconciling Itemsreconcilingdepreciation2025-04-01 → 2026-03-31¥4m
Reconciling Itemsreconcilingsegment assetsat 2026-03-31¥8.7bn
Reconciling Itemsreconcilingsegment ordinary income2025-04-01 → 2026-03-31−¥634m
Medical Businessreportable segmentcapex2025-04-01 → 2026-03-31¥55m
Medical Businessreportable segmentdepreciation2025-04-01 → 2026-03-31¥46m
Medical Businessreportable segmentemployeesat 2026-03-317 pure
Medical Businessreportable segmentrevenue2025-04-01 → 2026-03-31¥281m
Medical Businessreportable segmentrevenue external2025-04-01 → 2026-03-31¥281m
Medical Businessreportable segmentsegment assetsat 2026-03-31¥282m
Medical Businessreportable segmentsegment ordinary income2025-04-01 → 2026-03-31−¥44m
Research Support Businessreportable segmentcapex2025-04-01 → 2026-03-31¥37m
Research Support Businessreportable segmentdepreciation2025-04-01 → 2026-03-31¥22m
Research Support Businessreportable segmentemployeesat 2026-03-3170 pure
Research Support Businessreportable segmentrevenue2025-04-01 → 2026-03-31¥2.0bn
Research Support Businessreportable segmentrevenue external2025-04-01 → 2026-03-31¥2.0bn
Research Support Businessreportable segmentsegment assetsat 2026-03-31¥632m
Research Support Businessreportable segmentsegment ordinary income2025-04-01 → 2026-03-31¥97m
—segment totalcapex2025-04-01 → 2026-03-31¥92m
—segment totaldepreciation2025-04-01 → 2026-03-31¥69m
—segment totalemployeesat 2026-03-3177 pure
—segment totalrevenue2025-04-01 → 2026-03-31¥2.2bn
—segment totalrevenue external2025-04-01 → 2026-03-31¥2.2bn
—segment totalsegment assetsat 2026-03-31¥914m
—segment totalsegment ordinary income2025-04-01 → 2026-03-31¥53m
Reconciling Itemsreconcilingcapex2024-04-01 → 2025-03-31¥5m
Reconciling Itemsreconcilingdepreciation2024-04-01 → 2025-03-31¥3m
Reconciling Itemsreconcilingsegment assetsat 2025-03-31¥8.7bn
Reconciling Itemsreconcilingsegment ordinary income2024-04-01 → 2025-03-31−¥735m
Medical Businessreportable segmentcapex2024-04-01 → 2025-03-31¥76m
Medical Businessreportable segmentdepreciation2024-04-01 → 2025-03-31¥25m
Medical Businessreportable segmentrevenue2024-04-01 → 2025-03-31¥564m
Medical Businessreportable segmentrevenue external2024-04-01 → 2025-03-31¥564m
Medical Businessreportable segmentsegment assetsat 2025-03-31¥363m
Medical Businessreportable segmentsegment ordinary income2024-04-01 → 2025-03-31¥159m
Research Support Businessreportable segmentcapex2024-04-01 → 2025-03-31¥16m
Research Support Businessreportable segmentdepreciation2024-04-01 → 2025-03-31¥20m
Research Support Businessreportable segmentrevenue2024-04-01 → 2025-03-31¥2.4bn
Research Support Businessreportable segmentrevenue external2024-04-01 → 2025-03-31¥2.4bn
Research Support Businessreportable segmentsegment assetsat 2025-03-31¥646m
Research Support Businessreportable segmentsegment ordinary income2024-04-01 → 2025-03-31¥621m
—segment totalcapex2024-04-01 → 2025-03-31¥91m
—segment totaldepreciation2024-04-01 → 2025-03-31¥45m
—segment totalrevenue2024-04-01 → 2025-03-31¥3.0bn
—segment totalrevenue external2024-04-01 → 2025-03-31¥3.0bn
—segment totalsegment assetsat 2025-03-31¥1.0bn
—segment totalsegment ordinary income2024-04-01 → 2025-03-31¥780m
Medical Businessreportable segmentemployeesat 2026-03-317 pure
Research Support Businessreportable segmentemployeesat 2026-03-3116 pure
—segment totalemployeesat 2026-03-3123 pure

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

All source rows · 1,391
ItemContextValueUnit
Percentage of shareholdings foreign individualsCurrentYearInstant_OrdinaryShareMember0.0119
Percentage of shareholdings individuals and othersCurrentYearInstant_OrdinaryShareMember0.9016
Number of shares heldCurrentYearInstant_No1MajorShareholdersMember1158950
Shareholding ratioCurrentYearInstant_No1MajorShareholdersMember0.0121
Number of shares heldCurrentYearInstant_No2MajorShareholdersMember1000000
Shareholding ratioCurrentYearInstant_No2MajorShareholdersMember0.0105
Number of shares heldCurrentYearInstant_No3MajorShareholdersMember832400
Shareholding ratioCurrentYearInstant_No3MajorShareholdersMember0.0087
Number of shares heldCurrentYearInstant_No4MajorShareholdersMember828600
Shareholding ratioCurrentYearInstant_No4MajorShareholdersMember0.0087
Number of shares heldCurrentYearInstant_No5MajorShareholdersMember728900
Shareholding ratioCurrentYearInstant_No5MajorShareholdersMember0.0076
Number of shares heldCurrentYearInstant_No6MajorShareholdersMember567600
Shareholding ratioCurrentYearInstant_No6MajorShareholdersMember0.0059
Number of shares heldCurrentYearInstant_No7MajorShareholdersMember500000
Shareholding ratioCurrentYearInstant_No7MajorShareholdersMember0.0052
Number of shares heldCurrentYearInstant_No8MajorShareholdersMember470800
Shareholding ratioCurrentYearInstant_No8MajorShareholdersMember0.0049
Number of shares heldCurrentYearInstant_No9MajorShareholdersMember455000
Shareholding ratioCurrentYearInstant_No9MajorShareholdersMember0.0047
Number of shares heldCurrentYearInstant_No10MajorShareholdersMember453900
Shareholding ratioCurrentYearInstant_No10MajorShareholdersMember0.0047
Number of shares heldCurrentYearInstant6996150
Shareholding ratioCurrentYearInstant0.0736
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithNoVotingRightsMember-
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsTreasurySharesEtcMember-
Number of shares issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsOtherMember-
Number of voting rights issued shares voting rightsCurrentYearInstant_SharesWithRestrictedVotingRightsOtherMember-
Number of shares issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesWithFullVotingRightsTreasurySharesEtcMember117200
Number of shares issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesWithFullVotingRightsOtherMember94979600
Number of voting rights issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesWithFullVotingRightsOtherMember949796
Number of shares issued shares voting rightsCurrentYearInstant_OrdinarySharesSharesLessThanOneUnitMember51091
Number of shares issued shares voting rightsCurrentYearInstant95147891
Number of voting rights issued shares voting rightsCurrentYearInstant949796
Number of shares held in own name treasury shares etcCurrentYearInstant_Row1Member117200
Number of shares held in others names treasury shares etcCurrentYearInstant_Row1Member-
Total number of shares held treasury shares etcCurrentYearInstant_Row1Member117200
Shareholding ratio treasury shares etcCurrentYearInstant_Row1Member0.0012
Number of shares held in own name treasury shares etcCurrentYearInstant117200
Number of shares held in others names treasury shares etcCurrentYearInstant-
Total number of shares held treasury shares etcCurrentYearInstant117200
Shareholding ratio treasury shares etcCurrentYearInstant0.0012
Number of male directors and other officersFilingDateInstant6
Number of female directors and other officersFilingDateInstant0
Ratio of female directors and other officersFilingDateInstant-
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant_jpcrp030000-asr_E27585-000YokoyamaChikafumiMember1158950
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant_jpcrp030000-asr_E27585-000UsuiDaisukeMember315000
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant_jpcrp030000-asr_E27585-000YamakawaYoshiyukiMember50000
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant_jpcrp030000-asr_E27585-000NobuhisaYamazakiMember-
Number of shares held ordinary shares information about directors and corporate auditorsFilingDateInstant_jpcrp030000-asr_E27585-000KushidaTakanoriMember-

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