Five-Year Business Highlights

Principal Financial Data

Fiscal year
(millions of yen)
2021/3 (JGAAP) 2022/3 (JGAAP) 2023/3 (IFRS) 2024/3 (IFRS) 2025/3 (IFRS) 2026/3 (forecast)
Net sales / Sales revenue 121,885 137,547 144,175 148,255 160,232 173,000
 Pharmaceuticals 106,478 120,650 121,988 125,105 138,654 150,000
 Functional food 15,406 16,897 22,187 23,150 21,577 23,000
Operating income 26,134 28,299 30,049 33,295 35,450 30,000
Ordinary income 26,760 29,773 - - - -
Net income attributable to owners of the parent / Profit attributable to owners of the parent 20,702 23,044 22,812 25,851 32,558 24,000
Depreciation and amortization 3,550 2,933 5,041 5,023 6,015 7,950
Capital investment 2,583 4,264 7,982 6,921 5,055 5,750
R&D expenses 16,104 26,386 24,135 31,676 34,341 39,500
Total assets 197,028 210,052 237,451 263,404 283,637
Net assets/Total equity 162,543 176,767 195,933 220,534 247,340
Liabilities 34,485 33,285 41,518 42,870 36,297

Net Sales

Operating income
 

Net income attributable to owners of the parent

R&D expenses

Principal Financial Indicators

Fiscal year (yen) 2021/3 (JGAAP) 2022/3 (JGAAP) 2023/3 (IFRS) 2024/3 (IFRS) 2025/3 (IFRS)
Earnings per share (EPS) 307.37 342.14 338.7 383.82 483.4
Dividend per share 99 110 114 124 124
Equity ratio 82.4 84.0 82.4 83.6 87.1
Return on equity (ROE) 13.5 13.6 12.1 12.4 13.9
Payout ratio 32.2 32.2 33.7 32.3 25.6

EPS / ROE

  • Earnings per share (EPS)
  • Return on equity (ROE)

Dividend per share / Payout ratio

  • Payout ratio

Cash Flows

Fiscal year (millions of yen) 2021/3 (JGAAP) 2022/3 (JGAAP) 2023/3 (IFRS) 2024/3 (IFRS) 2025/3 (IFRS)
Cash flow from operating activities 21,388 16,018 26,170 16,289 36,126
Cash flow from investing activities △1,564 △6,359 △17,631 △9,921 △28,877
Cash flow from financing activities △6,199 △6,801 △9,605 △9,719 △9,902

Business Forecast and Outlook

Consolidated business forecast for the fiscal year ending March 2026 (April 1, 2025–March 31, 2026)

Sales revenue Operating income Profit before tax Profit attributable to owners of the parent Basic earnings per share
Consolidated business forecast (millions of yen) 173,000 30,000 30,600 24,000 356.20
Year on year rate 8.0 △15.4 △15.3 △26.3

(Percentage figures represent year-on-year rate of changes.)

Eleven-Year Financial Data

Eleven-Year financial data from here.