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Adjuvant Holdings Co 4929.T · JPY

Consumer Staples · Tokyo Stock Exchange · 🇯🇵 Japan

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738

+0.54%

Close of 9 Nov 2026, in JPY

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At a glance

Figures in JPY, from our data supplier.

FY2026

Revenue

¥3.81bn

FY2017FY2026

Net income

¥143.0m

FY2017FY2026

Free cash flow

¥111.4m

FY2017FY2026

Shareholders' equity

¥4.22bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue¥3.81bn¥4.10bn¥4.44bn¥4.38bn¥4.43bn¥4.89bn¥4.67bn¥5.16bn¥5.10bn¥4.77bn
Gross profit¥2.56bn¥2.66bn¥2.86bn¥2.92bn¥2.94bn¥3.00bn¥2.81bn¥3.16bn¥3.20bn¥3.01bn
Research and development—¥146.4m¥179.0m¥181.0m¥173.0m¥151.9m¥161.0m¥146.0m¥156.7m¥142.4m
Operating income¥170.7m¥126.6m−¥1.4m¥232.7m¥390.4m¥292.9m−¥184.6m¥169.8m¥500.5m¥519.1m
Net income¥143.0m¥40.7m−¥99.9m¥403.6m¥393.2m¥142.4m−¥227.9m¥25.1m¥311.0m¥330.5m
Diluted earnings per share17.875.09-12.4650.4549.1617.79-28.523.1439.0941.78

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets¥5.15bn¥5.30bn¥5.28bn¥5.55bn¥5.66bn¥5.10bn¥5.25bn¥5.87bn¥5.88bn¥5.79bn
Cash and short-term investments¥2.13bn¥2.22bn¥2.12bn¥1.53bn¥1.74bn¥1.47bn¥1.48bn¥1.49bn¥1.89bn¥2.44bn
Total liabilities¥929.8m¥1.12bn¥1.06bn¥1.06bn¥1.34bn¥1.00bn¥1.13bn¥1.32bn¥1.21bn¥1.25bn
Debt¥21.7m¥30.5m¥30.8m¥19.2m¥30.1m¥23.0m¥46.8m¥67.3m¥82.4m¥132.9m
Shareholders' equity¥4.22bn¥4.18bn¥4.22bn¥4.49bn¥4.32bn¥4.09bn¥4.12bn¥4.55bn¥4.66bn¥4.54bn
Shares outstanding8m8m8m8m8m8m8m8m8m8m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations¥132.9m¥308.0m¥377.6m−¥321.7m¥417.9m¥403.1m¥32.2m¥94.2m¥332.5m¥268.5m
Capital spending−¥21.5m−¥6.1m−¥62.7m−¥101.0m−¥48.4m−¥85.2m−¥77.8m−¥377.8m−¥316.3m−¥236.6m
Free cash flow¥111.4m¥301.9m¥314.9m−¥422.7m¥369.4m¥317.9m−¥45.5m−¥283.6m¥16.2m¥31.9m
Dividends paid−¥96.6m−¥96.1m−¥192.0m−¥193.3m−¥191.8m−¥191.2m−¥190.5m−¥190.0m−¥189.7m−¥190.3m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue¥1.05bn¥691.7m¥1.27bn¥897.9m¥958.1m¥847.3m¥1.17bn¥1.02bn
Gross profit¥713.3m¥459.1m¥871.6m¥557.8m¥674.6m¥523.3m¥786.8m¥643.2m
Operating income¥46.0m−¥93.0m¥285.6m−¥11.4m−¥10.5m−¥71.5m¥142.8m¥53.4m
Net income¥61.3m−¥58.6m¥185.6m¥4.7m¥11.3m−¥65.5m¥88.0m¥4.7m
Diluted earnings per share7.66-7.3223.200.581.41-8.1810.980.58
Total assets¥5.21bn¥5.15bn¥5.36bn¥5.02bn¥5.21bn¥5.29bn¥5.34bn¥5.22bn
Cash and short-term investments¥2.13bn¥2.13bn¥2.11bn¥1.83bn¥1.88bn¥2.22bn¥2.11bn¥2.05bn
Debt—¥7.9m———¥21.7m——
Shareholders' equity¥4.19bn¥4.22bn¥4.28bn¥4.09bn¥4.10bn¥4.18bn¥4.24bn¥4.16bn

Financial ratios

Data as of 12 Oct 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Gross margin67.2%64.8%64.4%66.6%66.4%61.4%———
Operating margin4.5%3.1%-0.0%5.3%8.8%3.7%———
Net margin3.7%1.0%-2.3%9.2%8.9%2.9%———
Return on equity3.4%1.0%-2.4%9.0%9.1%3.5%———
Return on assets2.8%0.8%-1.9%7.3%6.9%2.8%———
Free cash flow yield2.6%5.3%7.4%-3.7%7.9%8.3%———
Revenue growth-6.9%-7.7%1.4%-1.1%-9.4%4.5%———
Earnings growth251.1%-140.8%-124.7%2.7%176.1%-162.5%———
Current ratio6.76x5.36x5.89x5.22x3.69x4.97x———
Debt to equity0.00x0.00x0.00x0.00x0.00x0.00x———
Equity ratio81.9%78.9%79.9%80.8%76.3%80.3%———
Interest coverage———0.34x101.47x4539.40x-1605.96x959.23x1087.79x
R&D as a share of sales—3.6%4.0%4.1%3.9%3.1%3.4%——
Buybacks as a share of market value0.0%0.2%-0.2%-0.0%0.1%-0.1%———

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-4.5%-4.8%-1.4%
Operating income-9.8%-10.2%-12.5%
Net income-29.2%0.1%-6.0%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin66.0%65.7%65.0%63.7%
Operating margin3.8%3.2%4.7%5.7%
Net margin2.3%2.9%3.9%3.4%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings41.0149.1-65.318.319.665.4-35.7307.523.327.6
Price to sales1.51.51.51.71.71.91.71.51.41.9

Dividends and splits

Per share, in the currency the company pays

Paid for 13 years. Last went ex-dividend on 18 Mar 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year24.0012.0024.0024.0024.0024.0024.0024.00
  • 2-for-1 split · 16 Aug 2013

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
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