Tsumura & Co.

Tsumura & Co.

TSMRF
Tsumura & Co.US flagOther OTC
23.20
USD
- -
- -
1.73BMarket Cap
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
1,560.54
1,565.96
1,596.87
1,651.87
1,629.92
1,581.36
1,611.34
1,521.58
1,693.26
1,832.13
1,984.81
2,385.4
2,577.7
994.96
Basic EPS, GAAP
255.94
199.58
178.05
179.45
200.54
190.87
179.96
200.4
246.2
215.63
219.83
427.15
376.28
101.44
Free Cash Flow per Basic Share
-25.27
-66.32
139.46
183.44
142.21
-45.66
99.87
87.39
140.21
22.82
-190.12
53.07
-129.25
-78.55
Dividend per Share
64.02
64.02
64.02
64.35
60.89
64
64.02
63.99
63.99
64.05
67.45
118.83
137.83
35.26
Book Value per Share
1,750.03
1,897.23
2,006.89
2,147.14
2,353.05
2,352.72
2,467.73
2,602.75
2,784.99
2,935.29
3,104.57
3,416.15
3,709.03
3,287.73
Tangible Book Value per Share
1,887.39
2,137.4
2,204.58
2,257.89
2,710.12
2,684.76
2,646.08
2,898.08
3,212.53
3,370.06
3,659.37
4,108.02
4,298.8
4,025.84
Basic Weighted Avg Shares
71
71
71
70
72
76
76
77
77
76
76
76
75
76
Sales/Revenue/Turnover
110,057
110,438
112,618
114,957
117,882
120,906
123,248
116,413
129,546
140,043
150,845
181,093
192,615
75,543
Operating Margin (%)
20.41
17.65
17.6
13.9
14.46
15.32
15.32
16.65
17.27
14.94
13.27
22.16
18.29
12.98
Depreciation Expense
4,871
5,387
5,059
5,629
6,157
6,362
6,406
8,615
9,189
10,612
10,754
11,170
13,061
5,572
Net Income, GAAP
18,050
14,075
12,557
12,488
14,504
14,593
13,765
15,332
18,836
16,482
16,707
32,428
28,117
7,702
Effective Tax Rate (%)
35.24
28.66
32.13
25.87
27.06
25.45
27.39
27.94
24.12
24.47
23.97
24.22
26.3
24.25
Profit Margin (%)
16.4
12.74
11.15
10.86
12.3
12.07
11.17
13.17
14.54
11.77
11.08
17.91
14.6
10.2
Working Capital
63,513
87,118
89,966
102,796
142,122
156,707
148,497
155,893
183,545
221,115
212,735
233,796
265,955
245,069
LT Debt
- -
15,000
15,000
24,376
39,376
39,376
42,394
30,000
39,377
69,377
54,377
65,051
122,454
65,051
Total Equity
133,318
150,947
155,702
157,397
196,533
206,141
213,997
233,169
258,109
272,246
295,364
330,110
371,603
323,873
Return on Invested Capital (%)
9.51
7.95
7.01
6.05
5.4
5.28
5.07
4.88
5.65
4.74
4.15
7.74
5.64
1.92
Return on Capital (%)
12.83
8.71
7
6.67
6.73
6.14
5.51
6.09
6.71
5.21
4.7
8.79
6.52
2.08
Return on Common Equity (%)
15.47
10.94
9.12
8.58
9.08
8.34
7.47
7.91
9.14
7.54
7.26
13.09
10.48
3.21

Capital Structure

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
25,313
- -
6,313
LT Borrowings
54,377
- -
65,051
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
76
- -
76
Market Capitalization
- -
- -
307,215

Working Capital

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
281,292
- -
300,784
Cash, Cash Equivalents & STI
78,075
- -
82,371
Accounts Receivable, Net
67,149
- -
67,211
Inventories
117,616
- -
131,491
Total Current Liabilities
68,557
- -
55,715
Payables & Accruals
- -
- -
- -
ST Debt
25,313
- -
6,313
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.26%
9.8%
12.57%
Free Cash Flow
-187.43%
-283.88%
-339.71%
Net Income, GAAP
11.44%
18.51%
-13.29%
Sales/Revenue/Turnover
5.71%
10.7%
6.36%
Total Cash Common Dividend
- -
- -
14.17%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
37,036
38,266
40,524
35,019
150,845
2025
- -
- -
- -
- -
181,093
2026
- -
- -
- -
- -
192,615

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
56.87
- -
- -
- -
219.83
2025
- -
- -
- -
- -
427.15
2026
- -
- -
- -
- -
376.28

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
31.47
- -
- -
- -
67.45
2025
- -
- -
- -
- -
118.83
2026
- -
- -
- -
- -
137.83

Company Description

APIChatGPT
CEO
Terukazu Kato
Full Time Employees
4,923
Sector
Healthcare
Industry
Drug Manufacturers - Specialty & Generic
Address
2-17-11, Akasaka Tokyo TY Japan 107-8521
IPO Date
Feb 22, 2013
Business
TSUMURA & CO. (TSMRF) manufactures and markets Kampo medicines, traditional Japanese herbal formulations derived from natural crude drugs; its core products encompass prescription granular Kampo formulations covering therapeutic areas such as female disorders, fatigue, skin conditions, gastrointestinal issues, obesity, constipation, hemorrhoids, body aches, colds, coughs, nasal and throat inflammation, pediatric illnesses, stress, and urinary problems; over-the-counter Kampo medicines and pharmaceuticals; Kampo extract intermediates; and herbal bath salts. Founded on April 10, 1893, and incorporated on April 25, 1936, the company maintains its headquarters at 2-17-11 Akasaka, Minato-ku, Tokyo 107-8521, Japan, and employs 4,272 people on a consolidated basis as of March 31, 2025, with primary operations in Japan focused on a vertically integrated Kampo value chain from raw material cultivation and procurement through quality control, research and development, manufacturing, and distribution. The firm holds a dominant position in Japan's prescription Kampo market, supported by high barriers to entry from its proprietary supply chain expertise ensuring consistent quality and clinical reproducibility of natural crude drugs. Tsumura extends its reach internationally through subsidiaries including Tsumura China Inc., Ping An Tsumura Inc., and Tsumura USA Inc., targeting expansion in the Chinese traditional medicine sector amid the Healthy China 2030 initiative emphasizing standardization and scale-up of Chinese herbal products. Recent strategic developments include the June 2025 agreement and subsequent November 2025 completion of Tsumura China Inc.'s acquisition of a 51% stake in Shanghai Hongqiao Traditional Chinese Drug Pieces Co., Ltd. for approximately 23.27 billion yen to bolster its crude drug platform and traceability capabilities in China, with financial impacts under review for the fiscal year ending March 2026. Earlier alliances encompass the establishment of PINGAN TSUMURA TRADITIONAL CHINESE MEDICINE TECHNOLOGY CO., LTD. in 2022, a letter of intent with Jianmin Pharmaceutical Group Co., Ltd. in 2022, and prior capital and joint venture agreements with Ping An Insurance (Group) Company of China, Ltd. and Tianjin China Medico Technology Co., Ltd. dating back to 2017-2020, alongside ongoing enhancements to its medium-term management plan through FY2027 announced in May 2025, upward revisions to earnings and dividend forecasts in November 2025, and share repurchase programs.