# DAIICHI SANKYO COMPANY, LIMITED: business model and financials

> Latest period: FY ending Mar 2024, consolidated, IFRS
> Unit: JPY millions
> Sources: 訂正有価証券報告書－第21期(2025/04/01－2026/03/31) (S100YZB3)
> Page: https://vizora.meequs.com/en/company/daiichi-sankyo
> Retrieved: 2026-09-30T20:26:52.032Z

## Company

Daiichi Sankyo, founded in 2005, is a company in Pharmaceuticals listed on TSE Prime. It has 18,726 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | DAIICHI SANKYO COMPANY, LIMITED |
| Ticker | 4568 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/4568.T) |
| Listing | TSE Prime |
| Head office | 東京都中央区日本橋本町三丁目5番1号 |
| Representative (per filing) | 代表取締役社長 奥澤 宏幸 |
| Founded | May 2005 |
| Employees (consolidated) | 18,726 |
| Fiscal year end | March |
| Website | www.daiichisankyo.co.jp (https://www.daiichisankyo.co.jp/) |
| Corporate number | 1010001095640 |
| EDINET | E00984 |
| Industries (Vizora) | Pharmaceuticals |

> Profile source: annual securities report (S100YZB3, filed 2026-08-28). As of filing

## Five-axis industry profile

Primary industry: Pharmaceuticals (2024-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Efficiency | 42.2 | 32 |

Each axis is shown independently. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

## Key points (generated from figures)

- Daiichi Sankyo brought in ¥1.6T in revenue.
- Revenue changed +25.3% from the prior year.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥1.6T |  |
| Operating income | — | Margin — |
| Net income | ¥200.7B | Margin 12.5% |
| Free cash flow | — |  |
| Employees (consolidated) | 18,726 |  |
| Cash ratio | 18.7% | Cash ÷ revenue 40.4% |
| ROE | 11.9% | Equity approximated |
| ROA | 6.7% | Derived from disclosed figures |

## Notable figures

- FY2024, operating cash flow is 3.0× net income

## What changed in 7 years

| Metric | FY ending Mar 2017 | FY ending Mar 2024 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥955124000000 | ¥1601688000000 | +67.7% |
| Employees | 14,670 people | 18,726 people | +27.6% |
| Cash and equivalents | ¥246050000000 | ¥647180000000 | +163.0% |

### Change in segment revenue mix

Span: FY ending Mar 2017 → FY ending Mar 2024. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

## Income statement（FY ending Mar 2024, consolidated, IFRS）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 1,601,688 | 100.0% | S100YZB3 |
| Pretax income | 237,234 | 14.8% | S100YZB3 |
| Net income attributable to owners | 200,731 | 12.5% | S100YZB3 |

A machine-readable operating income value exists, but it is not in the validated published data, so the chart is omitted.

## Year over year（FY ending Mar 2023 → FY ending Mar 2024、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 1,278,478 | 1,601,688 | 323,210 | +25.3% |
| Net income attributable to owners | 109,188 | 200,731 | 91,543 | +83.8% |
| Operating cash flow | 114,514 | 599,258 | 484,744 | +423.3% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 955,124 | — | — | 53,466 | 136,234 | — | S100LKS9 |
| FY ending Mar 2018 | 960,195 | — | — | 60,282 | 108,439 | — | S100ODRB |
| FY ending Mar 2019 | 929,717 | — | — | 93,409 | 92,033 | — | S100QYCY |
| FY ending Mar 2022 | 1,044,892 | — | — | 66,972 | 139,226 | — | S100YZB3 |
| FY ending Mar 2023 | 1,278,478 | — | — | 109,188 | 114,514 | — | S100YZB3 |
| FY ending Mar 2024 | 1,601,688 | — | — | 200,731 | 599,258 | — | S100YZB3 |

## People and productivity（FY ending Mar 2024, consolidated, IFRS）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥85.5M |
| Net income per employee (consolidated) | ¥10.7M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Mar 2018 | FY ending Mar 2019 | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 14,446 | 14,887 | 16,458 | 17,435 | 18,726 |
| Average salary (parent company) | — | — | — | — | — |
| Average age (parent company) | — | — | — | — | — |
| Average tenure (parent company) | — | — | — | — | — |

Year over year: Employees (consolidated) +7.4% · Revenue (consolidated) +25.3%

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2024, consolidated, IFRS）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 599,258 | 37.4% | S100YZB3 |
| Investing cash flow | -282,636 | -17.6% | S100YZB3 |
| Financing cash flow | -123,564 | -7.7% | S100YZB3 |
| Change in cash | 193,058 | 12.1% | 算出 |
| Cash and equivalents | 647,180 | 40.4% | S100YZB3 |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Mar 2018 | FY ending Mar 2019 | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 357,702 | 243,155 | 662,477 | 441,921 | 647,180 | S100ODRB, S100LKS9, S100YZB3 |
| Total assets | 1,897,754 | 2,088,051 | 2,221,402 | 2,508,889 | 3,461,135 | S100ODRB, S100QYCY, S100YZB3 |
| Net assets | — | 1,249,705 | — | — | 1,688,603 | S100LKS9, S100YZB3 |

### Balance sheet history

| Metric | FY ending Mar 2018 | FY ending Mar 2019 | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 1,897,754 | 2,088,051 | 2,221,402 | 2,508,889 | 3,461,135 |
| Equity | — | 1,249,705 | — | — | 1,688,603 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 357,702 | 243,155 | 662,477 | 441,921 | 647,180 |

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 18.7% |
| Cash ÷ revenue | 40.4% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | 398,527 JPY mn (of net income 198.5%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | — |
| Investing CF relative to operating CF | 47.2% |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2018 | — | —× | 3.2% | —× | — | S100ODRB |
| 2019 | 10.0% | 0.47× | 4.7% | 1.59× | 7.5% | S100QYCY, S100LKS9 |
| 2022 | — | —× | 3.0% | —× | — | S100YZB3 |
| 2023 | — | —× | 4.6% | —× | — | S100YZB3 |
| 2024 | 12.5% | 0.54× | 6.7% | 1.77× | 11.9% | S100YZB3 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 17.0% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 7.0% | 2026-03-31 |
| 日本生命保険相互会社 （常任代理人 日本マスタートラスト信託銀行株式会社） | Major shareholder | 3.9% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505001 （常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 3.3% | 2026-03-31 |
| THE CHASE MANHATTAN BANK,N.A. LONDONSECS LENDING OMNIBUS ACCOUNT （常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 2.9% | 2026-03-31 |
| JPモルガン証券株式会社 | Major shareholder | 1.8% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505223 （常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 1.8% | 2026-03-31 |
| JP MORGAN CHASE BANK 385781 （常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 1.5% | 2026-03-31 |
| GOVERNMENT OF NORWAY （常任代理人 シティバンク、エヌ・エイ東京支店） | Major shareholder | 1.3% | 2026-03-31 |
| 株式会社静岡銀行 （常任代理人 日本マスタートラスト信託銀行株式会社） | Major shareholder | 1.2% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 訂正有価証券報告書－第21期(2025/04/01－2026/03/31) | S100YZB3 | 2026-08-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YZB3,, |
| 有価証券報告書－第18期(2022/04/01－2023/03/31) | S100QYCY | 2023-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QYCY,, |
| 有価証券報告書－第17期(令和3年4月1日－令和4年3月31日) | S100ODRB | 2022-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100ODRB,, |
| 有価証券報告書－第16期(令和2年4月1日－令和3年3月31日) | S100LKS9 | 2021-06-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LKS9,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).