Linical Co., Ltd.

Linical Co., Ltd.

TTSE:2183
205.00
JPY
+2.00
(+0.99%)
7.23BMarket Cap
Nov 13Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
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
- -
Basic EPS, GAAP
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
- -
Free Cash Flow per Basic Share
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
- -
Dividend per Share
8.25
7
6.99
10
10.01
11.03
11.99
14
13.99
13.99
13.98
14.99
15.98
- -
Book Value per Share
81.26
90.41
132.37
179.97
229.02
232.48
236.37
252.92
289.69
335.65
364.6
321.14
176.04
321.14
Tangible Book Value per Share
74.82
13.38
67.89
124.47
174.56
34.95
57.78
91.24
131.82
180.2
202.32
177.7
76.6
177.7
Basic Weighted Avg Shares
23
23
23
23
23
23
23
23
23
23
23
23
23
23
Sales/Revenue/Turnover
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
- -
Operating Margin (%)
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
- -
Depreciation Expense
13
80
187
185
206
447
459
423
441
500
518
532
512
- -
Net Income, GAAP
449
437
1,331
1,448
1,296
568
483
540
790
1,004
338
-539
-3,330
- -
Effective Tax Rate (%)
36.18
40.52
32.98
28.01
29.04
51.17
40.24
- -
23.4
27.15
48.77
- -
- -
- -
Profit Margin (%)
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
- -
Working Capital
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
4,150
LT Debt
368
1,213
1,073
933
793
3,106
3,179
3,542
2,965
2,402
1,805
1,328
900
1,328
Total Equity
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
7,253
Return on Invested Capital (%)
19.41
15.96
29.56
29.01
21.65
6.99
5.83
- -
7.73
8.17
3.24
- -
- -
- -
Return on Capital (%)
21.22
14.61
33.36
30.88
22.98
7.14
4.93
- -
7.61
9.31
3.12
- -
- -
- -
Return on Common Equity (%)
26.14
22.35
52.43
40.7
27.87
10.87
9.12
9.77
12.9
14.22
4.28
-6.96
-59.3
- -

Capital Structure

JPY

•

in mil. unless spec.
Jun'25
Sep'25
Mar'25
ST Debt
- -
1,024
1,000
LT Borrowings
- -
1,300
1,100
LT Finance Leases
- -
255
228
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
23
23
23
Market Capitalization
9,622
8,786
7,228

Working Capital

JPY

•

in mil. unless spec.
Jun'25
Sep'25
Mar'25
Total Current Assets
- -
11,876
11,627
Cash, Cash Equivalents & STI
- -
7,214
7,040
Accounts Receivable, Net
- -
2,869
2,774
Inventories
- -
- -
- -
Total Current Liabilities
- -
7,603
7,477
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,024
1,000
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

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

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
10,437
2026
- -
- -
- -
- -
8,666
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
-23.87
2026
- -
- -
- -
- -
-147.41
2027
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
14.99
2026
- -
- -
- -
- -
15.98
2027
- -
- -
- -
- -
- -

Company Description

CEO
Kazuhiro Hatano
Full Time Employees
577
Sector
Commercial services
Industry
Miscellaneous commercial services
Address
Shin-Osaka Brick Building Osaka OS Japan 532-0003
IPO Date
Oct 29, 2008
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.