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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Kohjin Bio Co., Ltd.

Ticker: 177A.T | Industry: Biotechnology | Sector: Healthcare
$1,285.00 -1.00 (-0.08%)
As of: 2026-01-28

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Enterprise Value

Metric 2025 2024
Stock Price 1,677.33 1,953.25
Market Capitalization 8,573.14M 9,293.66M
(-) Cash & Equivalents 2,945.03M 2,930.48M
(+) Total Debt 2,107.85M 2,192.17M
Enterprise Value 7,735.96M 8,555.35M

Income Statement

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Revenue 5,203M 0.00M 5,206M 4,770M 4,743M 3,947M
Cost of Revenue 2,885M 0.00M 2,840M 2,889M 2,289M 1,908M
Gross Profit 2,318M 0.00M 2,366M 1,881M 2,454M 2,039M
Gross Profit Margin 44.6% 0.0% 45.4% 39.4% 51.7% 51.7%
R&D Expenses 0M 0.00M 0M 0M 0M 0M
SG&A Expenses 1,449M 0.00M 0M 0M 1,186M 1,069M
Operating Expenses 1,448M 0.00M 1,375M 1,284M 1,187M 1,070M
Operating Income (EBIT) 870M 0.00M 991M 597M 1,267M 970M
Operating Income Margin 16.7% 0.0% 19.0% 12.5% 26.7% 24.6%
Interest Income 2M 0.00M 2M 1M 0M 0M
Interest Expense 32M 0.00M 30M 23M 32M 39M
Net Interest Income -30M 0.00M -28M -22M -32M -39M
Unusual Items 82M 0.00M 52M 61M 9M -9M
EBT Excluding Unusual Items 839M 0.00M 963M 575M 1,235M 931M
Pre-Tax Income 921M 0.00M 1,015M 636M 1,244M 922M
Pre-Tax Margin 17.7% 0.0% 19.5% 13.3% 26.2% 23.4%
Income Tax Expense 202M 0.00M 221M 251M 415M 334M
Net Income 719M 0.00M 795M 384M 830M 588M
Net Income Margin 13.8% 0.0% 15.3% 8.1% 17.5% 14.9%
Depreciation & Amortization 363M 0.00M 361M 300M 168M 179M
EBITDA 1,233M 0.00M 1,352M 896M 1,435M 1,149M
EBITDA Margin 23.7% 0.0% 26.0% 18.8% 30.3% 29.1%
NOPAT 678M 0.00M 776M 361M 845M 618M
NOPAT Margin 13.0% 0.0% 14.9% 7.6% 17.8% 15.7%
Owner's Earnings 1,082M 0.00M 268M 121M 437M 563M
Owner's Earnings Margin 20.8% 0.0% 5.2% 2.5% 9.2% 14.3%
EPS (Basic) 140.62 0.00 155.52 92.20 199.23 117.18
EPS (Diluted) 140.62 0.00 155.52 92.20 199.23 117.18
Shares (Basic) 5M 0.00M 5M 4M 4M 5M
Shares (Diluted) 5M 0.00M 5M 4M 4M 5M

Balance Sheet

Metric MRQ MRQ-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Cash & Cash Equivalents 2,587.82M 3,098.00M 3,149.27M 1,726.94M 1,462.57M 1,734.49M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 2,587.82M 3,098.00M 3,149.27M 1,726.94M 1,462.57M 1,734.49M
Net Receivables 789.09M 840.00M 823.17M 747.44M 675.40M 793.24M
Inventory 877.58M 857.00M 880.75M 683.00M 1,102.63M 520.73M
Other Current Assets 383.61M 183.00M 213.78M 83.00M 238.35M 385.47M
Total Current Assets 4,638.10M 4,978.00M 5,066.96M 3,240.37M 3,478.95M 3,433.93M
Property, Plant & Equipment 3,462.38M 3,477.00M 3,253.65M 2,586.00M 2,171.58M 1,709.46M
Goodwill 0.00M 0.00M 0.00M 0.99M 0.37M 0.97M
Intangible Assets 21.62M 23.00M 27.00M 2.00M 4.00M 5.00M
Long-Term Investments 0.00M 687.00M 656.00M 481.87M 409.57M 389.81M
Tax Assets 0.00M 0.00M 62.76M 36.80M 11.80M 2.50M
Other Non-Current Assets 721.00M 1.00M 0.27M 71.83M 58.56M 53.62M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 4,205.01M 4,188.00M 3,999.68M 3,179.49M 2,655.88M 2,161.35M
Total Assets 8,843.11M 9,166.00M 9,066.65M 6,419.86M 6,134.82M 5,595.28M
Accounts Payable 139.22M 236.00M 134.08M 163.47M 146.34M 218.27M
Short-Term Debt 1,650.00M 1,650.00M 1,650.00M 1,650.00M 2,064.80M 1,109.60M
Tax Payables 75.88M 0.00M 114.14M 56.86M 261.69M 244.88M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 338.05M 304.88M
Other Current Liabilities 470.12M 783.00M 537.86M 475.22M 114.37M 240.30M
Total Current Liabilities 2,335.23M 2,669.00M 2,436.07M 2,345.55M 2,925.25M 2,117.93M
Long-Term Debt 300.00M 337.00M 375.00M 525.00M 0.00M 1,064.80M
Capital Lease Obligations 0.00M 0.00M 361.54M 294.70M 35.30M 54.40M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 9.23M
Other Non-Current Liabilities 394.70M 409.00M 112.22M 81.68M 80.45M 0.00M
Total Non-Current Liabilities 694.70M 746.00M 848.75M 901.38M 115.74M 1,128.44M
Total Liabilities 3,029.93M 3,415.00M 3,284.83M 3,246.93M 3,040.99M 3,246.36M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 1,253.98M 1,253.00M 1,253.98M 426.00M 426.66M 426.66M
Retained Earnings 3,344.44M 3,224.00M 3,265.07M 2,528.00M 2,222.78M 1,434.64M
Accumulated OCI 0.00M 75.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 4,598.43M 4,552.00M 4,519.06M 2,954.00M 2,649.43M 1,861.29M
Total Equity 4,598.43M 4,552.00M 4,519.06M 2,954.00M 2,649.43M 1,861.29M
Total Liabilities & Equity 7,628.36M 7,967.00M 7,803.88M 6,200.93M 5,690.43M 5,107.66M
Tangible Assets 8,821.49M 9,143.00M 9,039.65M 6,416.87M 6,130.45M 5,589.31M
Tangible Equity 4,576.81M 4,529.00M 4,492.06M 2,951.01M 2,645.06M 1,855.32M
Tangible Book Value 4,576.81M 4,529.00M 4,492.06M 2,951.01M 2,645.06M 1,855.32M
Total Investments 200.00M 687.00M 656.00M 481.87M 409.57M 389.81M
Net Debt -637.82M -1,111.00M -1,124.27M 448.06M 602.23M 439.91M

Capital Metrics

Metric MRQ MRQ-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Working Capital 2,302.9M 2,263.0M 2,579.7M 1,011.6M 457.3M 1,235.9M
Total Capital 7,763.2M 7,692.0M 8,168.4M 5,812.1M 5,117.9M 4,445.7M
Capital Employed 6,507.9M 6,451.0M 6,579.3M 4,191.1M 3,113.2M 3,397.2M
Invested Capital 5,175.4M 4,594.0M 5,019.1M 4,085.2M 3,655.4M 2,711.2M

Cash Flow Statement

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Net Income 714.00M 0.00M 1,015.30M 635.60M 1,244.34M 922.06M
Depreciation & Amortization 0.00M 0.00M 360.97M 299.63M 167.59M 179.06M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 0.00M 0.00M -243.91M 473.19M -524.70M -57.23M
Accounts Receivable 0.00M 0.00M -26.65M -94.00M 268.58M -242.87M
Inventory 0.00M 0.00M -188.74M 424.89M -581.49M 8.55M
Accounts Payable 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 0.00M 0.00M -28.52M 142.30M -211.78M 177.09M
Other Non-Cash Items -714.00M 0.00M -216.81M -584.74M -426.07M -280.91M
Net Cash from Operating Activities 0.00M 0.00M 915.55M 823.68M 461.15M 762.98M
Capital Expenditures (PPE) 0.00M 0.00M -861.55M -562.55M -560.72M -202.64M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments 0.00M 0.00M -200.00M 0.00M -10.00M 0.00M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities 0.00M 0.00M -29.35M -14.80M -4.74M 285.42M
Net Cash from Investing Activities 0.00M 0.00M -1,090.90M -577.35M -575.46M 82.78M
Net Debt Issuance 0.00M 0.00M -150.00M 110.20M -109.60M -361.60M
Long-Term Debt Issuance 0.00M 0.00M -150.00M -189.80M -409.60M -661.60M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 300.00M 300.00M 300.00M
Net Stock Issuance 0.00M 0.00M 1,653.04M 0.00M 0.00M 58.50M
Common Stock Issuance 0.00M 0.00M 1,653.04M 0.00M 0.00M 58.50M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid 0.00M 0.00M -58.31M -79.14M -41.65M -33.85M
Common Dividends Paid 0.00M 0.00M -58.31M -79.00M -41.65M -33.85M
Preferred Dividends Paid 0.00M 0.00M 0.00M -0.14M 0.00M 0.00M
Other Financing Activities 0.00M 0.00M -68.70M -32.41M -20.96M -23.22M
Net Cash from Financing Activities 0.00M 0.00M 1,376.03M -1.35M -172.21M -360.17M
Effect of FX on Cash 0.00M 0.00M 21.65M 19.39M 14.59M 29.21M
Net Change in Cash 0.00M 0.00M 1,222.33M 264.37M -271.92M 514.79M
Cash at Beginning of Period 0.00M 0.00M 1,726.94M 1,462.57M 1,734.49M 1,219.70M
Cash at End of Period 0.00M 0.00M 2,949.27M 1,726.94M 1,462.57M 1,734.49M
Operating Cash Flow 0.00M 0.00M 915.55M 823.68M 461.15M 762.98M
Capital Expenditure 0.00M 0.00M -887.50M -562.80M -560.72M -203.54M
Free Cash Flow 0.00M 0.00M 28.06M 260.88M -99.57M 559.44M

Free Cash Flow

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31
EBITDA 1,257.25M 0.00M 2,727.01M 2,180.93M 1,435.77M 1,149.26M
(-) Tax Adjustment 266.44M 0.00M 592.35M 763.32M 478.32M 402.24M
(-) Change In Working Capital 0.00M 0.00M -243.91M 473.19M -524.70M -57.23M
(-) Capital Expenditure 0.00M 0.00M -887.50M -562.80M -560.72M -203.54M
Unlevered Free Cash Flow 990.81M 0.00M 1,491.07M 381.60M 921.43M 600.71M
(-) Net Interest Income After Taxes -23.64M 0.00M -22.03M -14.44M -21.37M -25.13M
Net Debt Issuance 0.00M 0.00M -150.00M 110.20M -109.60M -361.60M
Levered Free Cash Flow 1,014.46M 0.00M 1,363.10M 506.25M 833.20M 264.24M