Overview
Pharmaceutical

Daito Pharmaceutical Co.,Ltd.

Daito Pharmaceutical is a fully integrated pharmaceutical manufacturer engaged in the development, manufacturing, and sales of active pharmaceutical ingredients (APIs) and formulated drugs, including generic pharmaceuticals, prescription drugs, OTC drugs, and contract manufacturing services. The company serves a broad range of domestic and international pharmaceutical manufacturers, leveraging its vertically integrated capabilities from API to finished dosage forms. Its competitive strengths include compliance with Japanese GMP, FDA, and EMA standards, flexible production capacity ranging from large-scale to small-lot multi-product manufacturing, and a focused business model without an in-house MR (medical representative) sales force, enabling resource concentration in R&D and manufacturing.

Market Cap
¥37.6B
US$240M
EV
¥42.1B
US$269M
Stock¥1,330▼-0.37%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.5
x
LTM EV/EBIT
12.6
x
LTM PER
11.9
x
LTM PBR
0.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-15.2%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
37.6BUS$240MMarket Cap8.45BUS$53.9M+ Debt1.69BUS$10.8M− Cash2.27BUS$14.5M− Inv. Sec.0.05BUS$0.29M+ NCI42.1BUS$269MEV
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Performance & Balance
Revenue 5Y (¥B)
43.5US$277M'22/545.1US$288M'23/546.9US$299M'24/550.6US$323M'25/550.7US$323M'26/5
EBITDA 5Y (¥B)
9.87US$62.9M'22/59.08US$57.9M'23/57.55US$48.2M'24/56.95US$44.3M'25/58.02US$51.2M'26/5
Net Income 5Y (¥B)
4.67US$29.8M'22/53.60US$23.0M'23/53.30US$21.0M'24/51.91US$12.2M'25/53.16US$20.2M'26/5
Capital Structure
86%
EquityD/E 0.16xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
7.13US$45.5M3.44US$21.9M'22/56.57US$41.9M4.89US$31.2M'23/55.92US$37.7M8.72US$55.6M'24/54.30US$27.4M11.9US$75.8M'25/53.15US$20.1M9.29US$59.3M'26/5
Shareholders
Top 10 hold 44.7%
1
Custody Bank of Japan, Ltd. (Investment Trust Account)
10.18%
2
JAPAN ABSOLUTE VALUE FUND (Standing Proxy: Tachibana Securities Co., Ltd.)
9.32%
3
日本マスタートラスト信託銀行株式会社(管理有価証券信託口)
6.14%
4
The Master Trust Bank of Japan, Ltd. (Investment Trust Account)
4.36%
5
WANG ZHAO
3.47%
6
Otsuga Co., Ltd.
2.78%
7
Shinjiro SASAYAMA
2.41%
8
Nikko Shoji Co., Ltd.
2.22%
9
BNP PARIBAS SYDNEY/2S/JASDEC/AUSTRALIAN RESIDENTS (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
2.13%
10
Daito Pharmaceutical Co.,Ltd. Employee Stock Ownership Association
1.72%
Management
10 officers
Hiroshi MATSUMORI
Representative Director, President and CEO
Apr 1982: Joined Taito Pfizer Inc. (now Pfizer Japan Inc.) Apr 1994: Product Manager, Antifungal Agents Group, Pharmaceutical Marketing Department, same company Dec 1996: General Manager, Clinical Development Department (Infectious Disease Agents), Clinical Development Division, R&D Headquarters, same company May 2000: General Manager, Development and Regulatory Affairs Division, Senior Manager, same company Mar 2004: Seconded to Pfizer Inc. (La Jolla, USA) as Global Regulatory Leader Sep 2008: Executive Officer and General Manager, Corporate Planning Division, Pfizer Japan Inc. Mar 2009: Executive Officer, Head of Corporate Affairs and Quality Assurance, and Chief Manufacturing and Marketing Officer, Pfizer Japan Inc. Dec 2009: Director and Executive Officer, Head of Established Products Business Unit, Pfizer Japan Inc. Apr 2013: Director and Executive Officer, Vice President for Asia Pacific Regional Strategy, Established Products Business, Pfizer Japan Inc. (resigned Dec 2013) Dec 2013: President, SBI Biotech Co., Ltd. (resigned Sep 2014) Apr 2016: CEO and President, Teva Pharmaceutical Japan Co., Ltd. (now T's Pharma Inc.) Apr 2017: CEO and President, Takeda Teva Pharmaceutical Co., Ltd. (now T's Pharmaceutical Co., Ltd.) Oct 2021: Representative Director, President and CEO, Takeda Teva Pharma Co., Ltd. (now T's Pharma Inc.) (resigned Apr 2023) Oct 2021: Representative Director, President and CEO, Takeda Teva Pharmaceutical Co., Ltd. (now T's Pharmaceutical Co., Ltd.) (resigned Apr 2023) Jul 2023: Joined the Company Aug 2023: Director and Vice President, in charge of Management Strategy, and General Manager, Administration Division Jan 2024: Representative Director and Vice President, in charge of Management Strategy, and General Manager, Administration Division Aug 2024: Representative Director and President Jan 2025: Representative Director, President and CEO (current)
1956-07-24
Kazushige HIZUME
Director and Managing Executive Officer
Apr 1985: Joined the Company Jun 2001: Section Manager, Raw Materials Department, Active Pharmaceutical Ingredients Division Jun 2006: General Manager, Medical Products Department, Pharmaceutical Division; Deputy General Manager, Raw Materials Department, API Division Apr 2009: General Manager, Contract Development Promotion Department, Pharmaceutical Division Jun 2010: General Manager, Raw Materials Department, API Division Jun 2014: General Manager, Medical Products Department, Pharmaceutical Division Aug 2016: Executive Officer, Deputy Head of Pharmaceutical Division and General Manager, Medical Products Department Aug 2018: Director and Executive Officer, General Manager, Sales Division and Head of Pharmaceutical Division Jun 2022: Director and Managing Executive Officer, General Manager, Sales Division and Head of Pharmaceutical Division Aug 2025: Director and Managing Executive Officer, General Manager, Sales Division, Head of Pharmaceutical Division and General Manager, Tokyo Branch (current)
1962-02-25
Yutaka KUWASHIMA
Director and Managing Executive Officer
Apr 1986: Joined Daito Koeki Co., Ltd. (now Daito Co., Ltd.) Aug 2016: Executive Officer and General Manager, Corporate Planning Office, the Company Aug 2017: Executive Officer and Head of API Division, the Company Aug 2018: Director, Daiwa Pharmaceutical Co., Ltd. (now Daito Co., Ltd.); Director, Qianhui Pharmaceutical (Anhui) Co., Ltd. Jun 2019: Director, Felsen Pharma Co., Ltd. (current) Aug 2021: Managing Executive Officer and Head of API Division, and General Manager, Tokyo Branch, the Company Aug 2025: Managing Executive Officer and Head of Quality Assurance Division, the Company Oct 2025: Director, Dadong Pharmaceutical (China) Co., Ltd. (current) Aug 2026: Director and Managing Executive Officer, Head of Quality Assurance Division, the Company (current)
1964-02-08
Takeshi OTSUGA
Director and Executive Officer, Chief Financial Officer (CFO)
Apr 2012: Joined The Bank of Tokyo-Mitsubishi UFJ, Ltd. (now MUFG Bank, Ltd.) Oct 2018: Assistant Vice President, Asian Corporate Banking, MUFG Union Bank, USA (now Eastern U.S. Corporate Banking Division) Aug 2021: Assistant Manager, Human Resources Department, MUFG Bank, Ltd. (studied abroad at Harvard Business School) Jun 2023: Joined Daiwa Pharmaceutical Co., Ltd. (now Daito Co., Ltd.) Jan 2024: Executive Officer, Corporate Planning, assigned to the President's Office, Daiwa Pharmaceutical Co., Ltd. Aug 2024: Joined the Company Sep 2024: Chief Financial Officer (CFO), the Company Aug 2025: Executive Officer and CFO, the Company Aug 2025: Auditor, Dadong Pharmaceutical (China) Co., Ltd. (current) Aug 2026: Director and Executive Officer, CFO, the Company (current)
1988-11-05
Toru ISHIDA
Director and Managing Executive Officer
Apr 1985: Joined Takeda Pharmaceutical Company Limited Apr 2008: Director, CMC Research Center, Pharmaceutical Research Laboratories, Pharmaceutical Division, same company Apr 2010: General Manager, Production Management Department, Pharmaceutical Division, same company Apr 2012: General Manager, Pharmaceutical Planning Department, Pharmaceutical Division, same company Jul 2013: Plant Manager, Hikari Plant, Pharmaceutical Division, same company Apr 2015: Plant Manager, Hikari Plant, Global Pharmaceutical Supply, Japan and Asia, same company (resigned Mar 2018) Apr 2018: President and Representative Director, Takeda Healthcare Co., Ltd. (now Alinamin Pharmatec Co., Ltd.) (resigned Oct 2022) Nov 2022: Joined the Company Sep 2023: Executive Officer and Deputy Head of Production Division, the Company Jan 2024: Executive Officer, Head of Production Division, and Head of Environment and Safety Office, the Company Jun 2024: Executive Officer, Head of Production Division, General Manager, Formulation Manufacturing Department, and Head of Environment and Safety Office, the Company Aug 2024: Director and Executive Officer, Head of Production Division, General Manager, Formulation Manufacturing Department, and Head of Environment and Safety Office, the Company Aug 2025: Director and Managing Executive Officer, Head of Production Division, General Manager, Formulation Manufacturing Department, and Head of Environment and Safety Office, the Company Jun 2026: Director and Managing Executive Officer, Head of Production Division, and Head of Environment and Safety Office, the Company (current)
1960-12-14
Kimiko KOMATSU
Director
Apr 1980: Joined Daijun Hospital, Social Medical Corporation Koujunkai Aug 1996: Joined Hokuriku Institute of Preventive Medicine, General Incorporated Foundation Oct 2010: Occupational Health Counselor and Mental Health Promotion Officer, Toyama Occupational Health Support Center (current) Dec 2020: Representative, Mind Plus Toyama (current) Aug 2022: Director, the Company (current)
1958-06-20
Hiroko KUSANO
Director
Apr 1983: Joined Taito Pfizer Inc. (now Pfizer Japan Inc.) Mar 2005: General Manager, Cardiovascular Sales Department, West Japan Sales Division, same company May 2006: General Manager, Corporate Planning Department, Office of the President, the Company Dec 2008: Branch Manager, West Tokyo Pharmaceutical Branch, Pfizer Japan Inc. Dec 2013: Branch Manager, IM Tohoku Pharmaceutical Branch, Pfizer Japan Inc. Apr 2018: Advisor, Vitalnet Inc. Jun 2018: President and Representative Director, Lead Specialties Inc. Jul 2018: Executive Officer and Deputy Head of Sales, Specialty Care Department, and in charge of Women's Empowerment, Vitalnet Inc. Jun 2021: President and Representative Director, Ayumi Pharmaceutical Corporation Jun 2024: Resigned from Ayumi Pharmaceutical Corporation Aug 2026: Director, the Company (current)
1960-09-01
Kazumi YAMAMOTO
Director (Audit and Supervisory Committee Member)
Apr 1991: Registered as attorney-at-law (Toyama Bar Association) Jun 2008: Outside Corporate Auditor, Richell Corporation (current) Aug 2012: Corporate Auditor, the Company Aug 2015: Director (Audit and Supervisory Committee Member), the Company (current)
1956-11-14
Atsushi NISHINO
Director (Audit and Supervisory Committee Member)
Apr 2006: Joined Gosyokai Medical Foundation (Specified Medical Corporation) Jul 2009: Managing Director, same foundation Feb 2010: President, same foundation (current) Aug 2017: Director (Audit and Supervisory Committee Member), the Company (current) Jul 2025: President, Armstrong Aoba Kindergarten, School Corporation (current)
1973-07-04
Minoru UCHIDA
Director (Audit and Supervisory Committee Member)
Apr 1993: Joined The Tokyo Bank, Ltd. (now MUFG Bank, Ltd.) Feb 2002: Europe Desk, Foreign Exchange and Funding Department, same bank Apr 2010: Senior Analyst, Market Operations Department, same bank May 2012: Chief Analyst, Market Planning Department, same bank Apr 2022: Associate Professor, Faculty of Commerce, Takachiho University Apr 2024: Professor, Faculty of Commerce, Takachiho University (current) Aug 2025: Director (Audit and Supervisory Committee Member), the Company (current)
1970-07-08
Large Shareholding Reports
Kaname Capital, L.P.
2026-10-13
11.13%→12.13%
Massachusetts Financial Services Company
2026-02-04
5.05%→3.91%
Kaname Capital, L.P.
2025-08-15
9.98%→11.13%
Kaname Capital, L.P.
2025-08-12
9.98%→11.13%
Kaname Capital, L.P.
2025-06-06
9.98%→9.98%
Kaname Capital, L.P.
2024-08-22
8.96%→9.98%
Kaname Capital, L.P.
2024-06-26
7.84%→8.96%
Kaname Capital, L.P.
2024-05-07
6.72%→7.84%
Kaname Capital, L.P.
2024-04-17
5.63%→6.72%
Kaname Capital, L.P.
2024-03-25
5.63%→6.78%
Kaname Capital, L.P.
2024-01-31
5.63%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-14
Q1 Earnings Flash
FY ending May 2027
EDINET
2026-10-13
Large Shareholding Report
EDINET
2026-08-26
Annual Securities Report
Period: Jun 2025 – May 2026
TDnet
2026-07-10
Full-Year Earnings Flash
FY ending May 2026
TDnet
2026-04-10
Q3 Earnings Flash
FY ending May 2026
EDINET
2026-02-04
Large Shareholding Report
EDINET
2026-01-14
Semi-Annual Securities Report
Period: Jun 2025 – Nov 2025
TDnet
2025-10-10
Q1 Earnings Flash
FY ending May 2026
EDINET
2025-08-27
Annual Securities Report
Period: Jun 2024 – May 2025
EDINETAmended
2025-08-15
Change Report
EDINET
2025-08-12
Large Shareholding Report
EDINET
2025-06-06
Large Shareholding Report
TDnet
2025-04-14
Q3 Earnings Flash
FY ending May 2025
EDINET
2025-01-10
Semi-Annual Securities Report
Period: Jun 2024 – May 2025
TDnet
2024-10-11
Q1 Earnings Flash
FY ending May 2025
EDINET
2024-08-30
Annual Securities Report
Period: Jun 2023 – May 2024
EDINET
2024-08-22
Large Shareholding Report
EDINET
2024-06-26
Large Shareholding Report
EDINET
2024-05-07
Large Shareholding Report
EDINETAmended
2024-04-17
Change Report
EDINET
2024-04-12
Quarterly Securities Report
Period: Dec 2023 – Feb 2024
EDINET
2024-03-25
Large Shareholding Report
EDINET
2024-01-31
Large Shareholding Report
EDINET
2024-01-12
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-13
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-08-30
Annual Securities Report
Period: Jun 2022 – May 2023
EDINET
2023-04-13
Quarterly Securities Report
Period: Dec 2022 – Feb 2023
EDINET
2023-01-13
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-10-14
Quarterly Securities Report
EDINET
2022-08-25
Annual Securities Report
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