Kohjin BioKohjin Bio Co., Ltd.177A東証グロース医薬品FY ending Mar 2026, consolidated, J-GAAP

Kohjin Bio revenue and profit

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%.

Five-year trend

Revenue¥4.94B
FY ending Mar 2023: ¥4.74B¥4.74BFY ending Mar 2024: ¥4.77B¥4.77BFY ending Mar 2025: ¥5.21B¥5.21BFY ending Mar 2026: ¥4.94B¥4.94BFY23FY24FY25FY26
Operating income¥341.5M
FY ending Mar 2023: ¥1.27B¥1.27BFY ending Mar 2024: ¥596.8M¥596.8MFY ending Mar 2025: ¥991.1M¥991.1MFY ending Mar 2026: ¥341.5M¥341.5MFY23FY24FY25FY26
Operating margin6.9%
FY ending Mar 2023: 26.7%26.7%FY ending Mar 2024: 12.5%12.5%FY ending Mar 2025: 19.0%19.0%FY ending Mar 2026: 6.9%6.9%FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin5.1%
Asset turnover0.55×
ROA2.8%
ROA2.8%
Financial leverage1.57×
ROE4.4%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin5.1%
2023: 17.5%17.5%2024: 8.1%8.1%2025: 15.3%15.3%2026: 5.1%5.1%23242526
Asset turnover0.55×
2023: 0.77×0.77×2024: 0.75×0.75×2025: 0.67×0.67×2026: 0.55×0.55×23242526
ROA2.8%
2023: 13.5%13.5%2024: 6.1%6.1%2025: 10.2%10.2%2026: 2.8%2.8%23242526
Financial leverage1.57×
2023: 2.06×2.06×2024: 2.03×2.03×2025: 1.75×1.75×2026: 1.57×1.57×23242526
ROE4.4%
2023: 27.9%27.9%2024: 12.3%12.3%2025: 17.8%17.8%2026: 4.4%4.4%23242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202317.5%0.77×13.5%2.06×27.9%
20248.1%0.75×6.1%2.03×12.3%
202515.3%0.67×10.2%1.75×17.8%
20265.1%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.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue76.9%
2023: 45.8%45.8%2024: 54.2%54.2%2025: 62.5%62.5%2026: 76.9%76.9%23242526
PPE ÷ total assets42.7%
2023: 35.4%35.4%2024: 39.3%39.3%2025: 35.9%35.9%2026: 42.7%42.7%23242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥250M
2024: ¥240M¥240M2025: ¥168M¥168M2026: ¥250M¥250M23242526
R&D / revenue5.1%
2024: 5.0%5.0%2025: 3.2%3.2%2026: 5.1%5.1%23242526
Payable days14d
2023: 23d23d2024: 21d21d2025: 17d17d2026: 14d14d23242526

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.

Income statement (JPY millions)

ItemFY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue4,7434,7705,2064,939
Cost of revenue2,2892,8892,8403,082
Gross profit2,4541,8812,3661,857
SG&A1,1871,2841,3751,516
Operating income1,267597991342
Pretax income1,2446361,015332
Income tax41525122181
Net income attributable to owners830385795251
Operating margin26.7%12.5%19.0%6.9%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 28%
Property, plant and equipment 43%
0%
7%
Other assets 22%

Funding

1%
Other liabilities 32%
Equity 67%
0%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY 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

Sources

Show source documents (3)
  • EDINET (FSA Japan)

    有価証券報告書-第45期(2025/04/01-2026/03/31)

    ID S100YB5D2026-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第44期(2024/04/01-2025/03/31)

    ID S100W2HI2025-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第43期(2023/04/01-2024/03/31)

    ID S100TX402024-06-28Open

Extracted from XBRL: 48 / Derived from other figures: 1

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