Wakamoto PharmaceuticalWAKAMOTO PHARMACEUTICAL CO.,LTD.4512東証スタンダード医薬品FY ending Mar 2026, non-consolidated, J-GAAP

Wakamoto Pharmaceutical revenue and profit

Out of every ¥100 of sales, about ¥3 is left as operating profit. Revenue changed +27.2% from the prior year, and it swung back to an operating profit.

Five-year trend

Revenue¥9.91B
FY ending Mar 2022: ¥8.38B¥8.38BFY ending Mar 2023: ¥8.66B¥8.66BFY ending Mar 2024: ¥7.74B¥7.74BFY ending Mar 2025: ¥7.79B¥7.79BFY ending Mar 2026: ¥9.91B¥9.91BFY22FY23FY24FY25FY26
Operating income¥255.5M
FY ending Mar 2022: -¥13.4M-¥13.4MFY ending Mar 2023: ¥141.5M¥141.5MFY ending Mar 2024: -¥195.5M-¥195.5MFY ending Mar 2025: -¥457.8M-¥457.8MFY ending Mar 2026: ¥255.5M¥255.5MFY22FY23FY24FY25FY26
Operating margin2.6%
FY ending Mar 2022: -0.2%-0.2%FY ending Mar 2023: 1.6%1.6%FY ending Mar 2024: -2.5%-2.5%FY ending Mar 2025: -5.9%-5.9%FY ending Mar 2026: 2.6%2.6%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin2.3%
Asset turnover0.63×
ROA1.4%
ROA1.4%
Financial leverage1.46×
ROE2.1%

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

Net margin2.3%
2022: 2.8%2.8%2023: 1.6%1.6%2024: 1.4%1.4%2025: 0.8%0.8%2026: 2.3%2.3%2223242526
Asset turnover0.63×
2022: 0.56×0.56×2023: 0.56×0.56×2024: 0.50×0.50×2025: 0.51×0.51×2026: 0.63×0.63×2223242526
ROA1.4%
2022: 1.6%1.6%2023: 0.9%0.9%2024: 0.7%0.7%2025: 0.4%0.4%2026: 1.4%1.4%2223242526
Financial leverage1.46×
2022: 1.41×1.41×2023: 1.44×1.44×2024: 1.45×1.45×2025: 1.42×1.42×2026: 1.46×1.46×2223242526
ROE2.1%
2022: 2.2%2.2%2023: 1.3%1.3%2024: 1.0%1.0%2025: 0.6%0.6%2026: 2.1%2.1%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20222.8%0.56×1.6%1.41×2.2%
20231.6%0.56×0.9%1.44×1.3%
20241.4%0.50×0.7%1.45×1.0%
20250.8%0.51×0.4%1.42×0.6%
20262.3%0.63×1.4%1.46×2.1%

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 ÷ revenue37.0%
2021: 39.6%39.6%2022: 39.3%39.3%2023: 35.0%35.0%2024: 39.1%39.1%2025: 42.5%42.5%2026: 37.0%37.0%212223242526
PPE ÷ total assets22.2%
2021: 24.2%24.2%2022: 22.1%22.1%2023: 19.3%19.3%2024: 19.6%19.6%2025: 22.1%22.1%2026: 22.2%22.2%212223242526

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¥478M
2021: ¥641M¥641M2022: ¥593M¥593M2023: ¥580M¥580M2024: ¥513M¥513M2025: ¥419M¥419M2026: ¥478M¥478M212223242526
R&D / revenue4.8%
2021: 7.2%7.2%2022: 7.1%7.1%2023: 6.7%6.7%2024: 6.6%6.6%2025: 5.4%5.4%2026: 4.8%4.8%212223242526

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 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue8,3838,6607,7387,7899,907
Cost of revenue4,0274,5524,1394,1675,176
Gross profit4,3564,1083,6003,6224,730
SG&A4,3693,9673,7954,0804,475
Operating income-13141-196-458256
Pretax income2852121597256
Income tax467350-5729
Net income attributable to owners23913810964227
Operating margin-0.2%1.6%-2.5%-5.9%2.6%

Balance sheet (reported items)

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

Assets

Cash 12%
Property, plant and equipment 22%
1%
Investment securities 14%
Other assets 51%

Funding

Other liabilities 27%
Equity 73%
0%

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

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥3.23B¥3.88B¥3.66B¥2.95B¥2.01B
Total assets¥15B¥15.7B¥15.4B¥15B¥16.5B
Net assets¥11.5B¥11.9B¥12B¥11.6B¥12B
Share capital¥3.4B¥3.4B¥3.4B¥3.4B¥3.4B
Property, plant and equipment¥3.3B¥3.03B¥3.03B¥3.31B¥3.66B
Intangible assets excluding goodwill¥196.1M¥202.1M¥357M¥277.7M¥241.5M
Investment securities¥2.07B¥2.48B¥2.44B¥1.85B¥2.25B
Current assets¥8.61B¥9.35B¥8.97B¥8.91B¥9.67B
Current liabilities¥2.01B¥2.24B¥1.81B¥2.03B¥2.78B
Short-term borrowings¥100M¥100M¥100M¥100M¥100M
Long-term borrowings————¥261.5M
Total liabilities¥3.47B¥3.8B¥3.39B¥3.39B¥4.49B
Equity attributable to owners of parent¥10.6B¥10.7B¥10.7B¥10.7B¥10.8B
Retained earnings¥4.57B¥4.71B¥4.71B¥4.67B¥4.79B
Treasury stock-¥36.3M-¥36.4M-¥36.4M-¥36.5M-¥36.6M

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第131期(2025/04/01-2026/03/31)

    ID S100YDBU2026-06-18Open
  • EDINET (FSA Japan)

    有価証券報告書-第130期(2024/04/01-2025/03/31)

    ID S100W0QM2025-06-20Open
  • EDINET (FSA Japan)

    有価証券報告書-第129期(2023/04/01-2024/03/31)

    ID S100TTRJ2024-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第128期(2022/04/01-2023/03/31)

    ID S100R6G72023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第127期(令和3年4月1日-令和4年3月31日)

    ID S100OCE22022-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第126期(令和2年4月1日-令和3年3月31日)

    ID S100LMJG2021-06-25Open

Extracted from XBRL: 47 / Derived from other figures: 1

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