Seikagaku Corporation

Seikagaku Corporation

4548.T
Seikagaku CorporationJP flagTokyo Stock Exchange
721.00
JPY
-3.00
- -
39.37BMarket Cap
Seikagaku Corporation
4548.T
(Tokyo Stock Exchange)

Recent

price

721.00

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
477.35
476.74
468.94
521.32
519.71
545.07
522.2
533.09
502.81
507.73
491.52
619.03
605.66
663.8
721.51
- -
332.68
Revenue per Share
43.15
57.56
57.32
83.53
64.25
45.38
31.54
69.29
39.75
-192.14
75.53
66.31
40.48
40.07
22.25
- -
1.54
Basic EPS, GAAP
58.88
50.29
-116.13
-29.2
46.02
55.54
67.05
70.22
33.76
118.7
-14.18
109.1
-8.65
-74.18
-3.28
- -
- -
Free Cash Flow per Basic Share
25
25
25
25.49
25.98
25.98
26.01
30.99
26.02
25.99
22.99
29.01
28.24
25.99
27.98
- -
- -
Dividend per Share
932.88
965.44
997.78
1,055.86
1,093.51
1,112.93
1,084.71
1,124.13
1,140.92
923.46
975.7
1,015.03
1,046.63
1,073.76
1,067.62
- -
1,095.93
Book Value per Share
981.85
1,016.34
1,075.57
1,136.43
1,233.38
1,223.21
1,238.31
1,296.55
1,283.56
1,026.29
1,085.56
1,126.34
1,158.33
1,266.29
1,283.37
- -
1,317.12
Tangible Book Value per Share
57
57
57
57
57
57
57
57
56
56
56
56
55
55
55
55
55
Basic Weighted Avg Shares
27,117
27,082
26,639
29,614
29,522
30,962
29,589
30,175
28,384
28,642
27,734
34,851
33,456
36,213
39,374
- -
18,152
Sales/Revenue/Turnover
13.04
17.06
11.74
16.68
8.08
6.93
4.34
4.72
3.46
6.85
8.12
12.91
6.32
1.2
3.39
- -
-5.78
Operating Margin (%)
2,189
1,981
2,175
1,767
2,610
3,191
2,920
2,926
2,902
1,778
808
1,050
1,327
1,663
1,995
- -
- -
Depreciation Expense
2,451
3,270
3,256
4,745
3,650
2,578
1,787
3,922
2,244
-10,839
4,262
3,733
2,236
2,186
1,214
- -
84
Net Income, GAAP
22.75
30.21
24.29
20.22
8.91
26.34
27.82
26.36
21.48
- -
- -
30.79
27.11
- -
37.14
- -
17.17
Effective Tax Rate (%)
9.04
12.07
12.22
16.02
12.36
8.33
6.04
13
7.91
-37.84
15.37
10.71
6.68
6.04
3.08
- -
0.46
Profit Margin (%)
21,941
21,838
18,994
21,993
23,483
24,578
21,992
22,616
29,033
33,528
37,949
41,092
40,011
34,348
31,732
- -
34,644
Working Capital
1,273
1,107
232
1,047
772
479
190
55
49
69
57
58
52
61
47
- -
53
LT Debt
56,106
58,012
61,314
64,784
70,409
69,814
70,644
73,944
73,035
59,765
63,603
66,338
67,216
72,281
73,185
- -
75,289
Total Equity
4.71
5.45
3.84
6.06
3.13
2.22
1.3
1.44
1.04
- -
- -
4.75
2.29
- -
1.15
- -
- -
Return on Invested Capital (%)
4.6
5.96
5.76
8
5.89
4.09
2.87
6.27
3.52
- -
- -
6.62
3.87
- -
2.07
- -
2.2
Return on Capital (%)
4.67
6.06
5.84
8.13
5.98
4.11
2.87
6.27
3.51
-18.61
7.96
6.65
3.89
3.76
2.08
- -
0.14
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
335
- -
335
LT Borrowings
- -
- -
- -
LT Finance Leases
61
- -
53
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
55
- -
55
Market Capitalization
40,974
47,130
46,379

Working Capital

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
41,546
- -
41,430
Cash, Cash Equivalents & STI
21,031
- -
20,263
Accounts Receivable, Net
8,241
- -
7,407
Inventories
9,346
- -
10,721
Total Current Liabilities
7,198
- -
6,786
Payables & Accruals
- -
- -
- -
ST Debt
335
- -
335
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,661
8,400
9,323
8,829
36,213
2025
- -
- -
- -
- -
39,374
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
34.62
- -
- -
- -
40.07
2025
- -
- -
- -
- -
22.25
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
25.99
2025
- -
- -
- -
- -
27.98
2026
- -
- -
- -
- -
- -
Business
Seikagaku Corporation operates as a pharmaceutical and medical device company specializing in the production and sale of glycoconjugates, primarily glycosaminoglycans (GAG) such as hyaluronic acid, and enzymes acting on GAG. The company's core products include joint function improving agents like ARTZ Dispo (purified sodium hyaluronate) and JOYCLU (diclofenac etalhyaluronate sodium); ophthalmic surgery aids such as OPEGAN series (purified sodium hyaluronate) and SHELLGAN (purified sodium hyaluronate/chondroitin sulfate sodium); treatment agents for lumbar disc herniation including HERNICORE (condoliase); and submucosal injection agents for endoscopic surgery like MucoUp (purified sodium hyaluronate). Seikagaku also produces and supplies bulk raw materials including high-purity hyaluronic acid and chondroitin sulfate used in their product formulations. The company markets these products mainly through strategic partnerships with pharmaceutical and medical device sales companies across Japan, North America, Europe, and Asia, including partners such as Kaken Pharmaceutical, Ono Pharmaceutical, Santen Pharmaceutical, Bioventus, and Boston Scientific Japan. The company operates two main business segments: Pharmaceuticals and Limulus Amebocyte Lysate (LAL), which involves manufacturing and selling endotoxin-detecting reagents globally. Founded in 1947 and headquartered in Tokyo, Japan, Seikagaku Corporation has recently expanded its global presence by accelerating overseas business expansion, introducing existing and pipeline products to new markets, and improving product lifecycle management, including transitioning packaging materials from glass to plastic for products like ARTZ. In the fiscal year 2024-25, the company has applied for marketing approval of SI-449, an adhesion barrier medical device in Japan, and advanced the development of SI-614, a therapeutic agent for dry eye, undergoing a Phase III clinical study in the U.S. Despite a slight revenue decline in recent reports, Seikagaku has demonstrated strategic focus on new product launches and pipeline progression, strengthening its product portfolio in the orthopedics, ophthalmology, and endoscopic surgery fields while maintaining partnerships to maximize global market penetration. Seikagaku's business model leverages its glycoscience technologies and longstanding expertise in GAGs to deliver high-quality pharmaceuticals and medical devices for musculoskeletal, ophthalmic, and surgical applications. The company continues to innovate with polymer-based therapeutics and enzyme-based products targeting joint and tissue repair, emphasizing research and development collaboration and regulatory advancement to sustain growth in key geographic markets including Japan, North America, Europe, China, and Taiwan. This comprehensive approach positions Seikagaku Corporation as a specialized pharmaceutical and medical device firm with a distinctive focus on glycosaminoglycan-based products, a broad international footprint through partnerships, and recent strategic moves into new product and market development to maintain competitive positioning in the global healthcare industry.