Kohjin BioKohjin Bio Co., Ltd.177A東証グロース医薬品FY ending Mar 2026, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥7 is left as operating profit. Revenue changed -5.1% from the prior year, operating profit -65.5%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2023 | 17.5% | 0.77× | 13.5% | 2.06× | 27.9% |
| 2024 | 8.1% | 0.75× | 6.1% | 2.03× | 12.3% |
| 2025 | 15.3% | 0.67× | 10.2% | 1.75× | 17.8% |
| 2026 | 5.1% | 0.55× | 2.8% | 1.57× | 4.4% |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
Track R&D investment and how long operating capital remains tied up before sales turn into cash.
R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.
| Item | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|
| Revenue | 4,743 | 4,770 | 5,206 | 4,939 |
| Cost of revenue | 2,289 | 2,889 | 2,840 | 3,082 |
| Gross profit | 2,454 | 1,881 | 2,366 | 1,857 |
| SG&A | 1,187 | 1,284 | 1,375 | 1,516 |
| Operating income | 1,267 | 597 | 991 | 342 |
| Pretax income | 1,244 | 636 | 1,015 | 332 |
| Income tax | 415 | 251 | 221 | 81 |
| Net income attributable to owners | 830 | 385 | 795 | 251 |
| Operating margin | 26.7% | 12.5% | 19.0% | 6.9% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
Each bar totals 100% of assets; other is the residual.
| Item | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|
| Cash and equivalents | ¥1.46B | ¥1.73B | ¥2.95B | ¥2.49B |
| Total assets | ¥6.13B | ¥6.59B | ¥9.07B | ¥8.9B |
| Net assets | ¥3.02B | ¥3.34B | ¥5.78B | ¥5.95B |
| Share capital | ¥426.7M | ¥426.7M | ¥1.25B | ¥1.25B |
| Property, plant and equipment | ¥2.17B | ¥2.59B | ¥3.25B | ¥3.8B |
| Intangible assets excluding goodwill | ¥4.4M | ¥3M | ¥27.3M | ¥18.9M |
| Investment securities | ¥409.6M | ¥481.9M | ¥581.3M | ¥661M |
| Current assets | ¥3.48B | ¥3.41B | ¥5.07B | ¥4.27B |
| Current liabilities | ¥3.02B | ¥2.4B | ¥2.49B | ¥2.37B |
| Trade payables | ¥146.3M | ¥163.5M | ¥134.1M | ¥117M |
| Short-term borrowings | ¥1.2B | ¥1.5B | ¥1.5B | ¥1.5B |
| Long-term borrowings | — | ¥525M | ¥375M | ¥225M |
| Total liabilities | ¥3.12B | ¥3.25B | ¥3.28B | ¥2.96B |
| Equity attributable to owners of parent | ¥2.98B | ¥3.28B | ¥5.67B | ¥5.8B |
| Retained earnings | ¥2.22B | ¥2.53B | ¥3.27B | ¥3.39B |
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