Linical Co., Ltd.

Linical Co., Ltd.

2183.T
Linical Co., Ltd.JP flagTokyo Stock Exchange
217.00
JPY
+1.00
- -
4.90BMarket Cap
Linical Co., Ltd.
2183.T
(Tokyo Stock Exchange)

Recent

price

217.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
105.09
136.47
157.93
163.31
213.78
336.41
367.07
400.93
499.33
484.15
455.11
511.59
554.18
544.92
462.09
383.67
276.42
Revenue per Share
6.19
18.61
27.06
19.71
19.18
58.4
63.59
57.02
25.09
21.38
23.91
35
44.47
14.98
-23.87
-147.41
7.06
Basic EPS, GAAP
-5.42
26.34
39.75
10.26
27.92
77.49
97.69
55.52
-37.66
46.95
-1.99
70.19
80.86
45.71
25.98
-72.79
- -
Free Cash Flow per Basic Share
5.69
5.5
5.49
8.25
7
6.99
10
10.01
11.03
11.99
14
13.99
13.99
13.98
14.99
15.98
- -
Dividend per Share
42.05
57.22
78.79
90.25
102.43
145.8
199.54
246.84
261.69
271.89
281.45
301.91
332.38
333.35
294.48
131.07
305.93
Book Value per Share
32.75
47.42
69.49
74.82
13.38
67.89
124.45
174.52
34.84
57.78
91.24
131.82
180.2
202.32
177.7
76.6
180.69
Tangible Book Value per Share
24
23
23
23
23
23
23
23
23
23
23
23
23
23
23
23
23
Basic Weighted Avg Shares
2,512
3,110
3,599
3,722
4,872
7,667
8,356
9,113
11,313
10,935
10,279
11,555
12,517
12,308
10,437
8,666
6,243
Sales/Revenue/Turnover
11.5
23.43
27.88
18.97
17.99
26.25
25.48
20.26
10.72
9.19
4.41
9.4
10.04
5.9
-5.59
-23.92
4.88
Operating Margin (%)
32
27
20
13
80
187
185
206
447
459
423
441
500
518
532
512
- -
Depreciation Expense
148
424
617
449
437
1,331
1,448
1,296
568
483
540
790
1,004
338
-539
-3,330
159
Net Income, GAAP
46.92
41.37
38.21
36.18
40.52
32.98
28.01
29.04
51.17
40.24
- -
23.4
27.15
48.77
- -
- -
44.28
Effective Tax Rate (%)
5.89
13.64
17.14
12.07
8.97
17.36
17.32
14.22
5.02
4.42
5.25
6.84
8.02
2.75
-5.17
-38.42
2.55
Profit Margin (%)
974
1,267
1,763
1,874
1,341
2,457
3,337
4,300
3,378
3,389
4,389
4,843
5,273
4,980
4,150
1,953
4,274
Working Capital
466
437
398
368
1,213
1,073
933
793
3,106
3,179
3,542
2,965
2,402
1,805
1,328
900
1,555
LT Debt
784
1,082
1,584
1,852
2,061
3,017
4,096
5,205
5,251
5,339
5,713
6,543
7,581
8,235
7,253
3,976
7,383
Total Equity
11.98
26.66
29.79
19.41
15.96
29.56
29.01
21.65
6.99
5.83
- -
7.73
8.17
3.24
- -
- -
1.58
Return on Invested Capital (%)
11.81
25.97
31
19.33
13.54
31.11
28.59
21.37
6.69
4.59
- -
7.29
9.23
3.23
- -
- -
1.64
Return on Capital (%)
14.8
36.74
39.8
23.32
19.91
47.06
36.81
25.53
9.85
8
8.64
12
14.02
4.5
-7.6
-69.28
2.23
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
1,094
- -
1,024
LT Borrowings
1,500
- -
1,300
LT Finance Leases
305
- -
255
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
23
- -
23
Market Capitalization
8,899
9,622
8,786

Working Capital

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
12,749
- -
11,876
Cash, Cash Equivalents & STI
7,465
- -
7,214
Accounts Receivable, Net
3,464
- -
2,869
Inventories
- -
- -
- -
Total Current Liabilities
7,769
- -
7,603
Payables & Accruals
- -
- -
- -
ST Debt
1,094
- -
1,024
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.43%
-3.62%
-45.18%
Free Cash Flow
-459.65%
-816.61%
-380.15%
Net Income, GAAP
20.43%
53.08%
517.61%
Sales/Revenue/Turnover
1.97%
-2.62%
-16.97%
Total Cash Common Dividend
- -
- -
6.64%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,082
2,982
3,184
3,059
12,308
2025
- -
- -
- -
- -
10,437
2026
- -
- -
- -
- -
8,666

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.16
- -
- -
- -
14.98
2025
- -
- -
- -
- -
-23.87
2026
- -
- -
- -
- -
-147.41

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
13.98
2025
- -
- -
- -
- -
14.99
2026
- -
- -
- -
- -
15.98
Business
Linical Co., Ltd. is a Japan-based contract research organization (CRO) specializing in comprehensive drug development services primarily in oncology, central nervous system, immunology, and other challenging therapeutic areas. The company provides a broad spectrum of clinical development offerings including clinical trial management from early to late phases; protocol development and study design; regulatory consulting; clinical monitoring; quality management and consulting; vendor management; auditing; data management; biostatistical analysis; medical writing; pharmacovigilance; and medical affairs. Linical operates globally with key markets in Japan, the United States, Europe, and Asia-Pacific, supporting pharmaceutical and biotech clients with integrated lifecycle management services and strategic consulting from drug discovery through post-marketing. Founded in 2005 and headquartered in Osaka, Japan, Linical also extends its operations through subsidiaries such as Linical Korea Co., Ltd. In the last 1-2 years, Linical has focused on strategic global expansion with heightened investment in the United States and digital transformation through AI and digital tools to enhance operational efficiency. The company aims to be a leading global mid-sized CRO by expanding geographical presence to approximately 60 countries and increasing capacity for large-scale, multinational clinical trials, emphasizing oncology and neurology fields. It has reinforced its role as a strategic partner with biopharma clients by evolving its business model toward knowledge-intensive, high-profitability services. Linical furthers its commitment to innovation by expanding contract medical affairs, regulatory affairs consultation, and drug lifecycle support services. It pursues growth through investment and potential M&A activity to strengthen global operations and service offerings. Linical’s key service portfolio includes drug development consulting; clinical trial planning, monitoring, and execution; quality control; regulatory and compliance support; post-authorization studies; and comprehensive pharmacovigilance. The company's global network and multi-therapeutic expertise enable it to deliver high-quality clinical data with speed and flexibility for diverse clients, ranging from major pharmaceutical companies to promising biotech firms. Linical continues to reinforce its profitability and sustainable growth by targeting operational efficiencies and expanding its footprint in critical global markets, including a strong presence in the U.S. and Asia regions. Its strategic vision emphasizes becoming the strongest CRO by delivering value through knowledge-intensive services and fostering long-term client partnerships.