D. Western Therapeutics Institute, Inc. logo

D. Western Therapeutics Institute, Inc.

4576.T

JPXHealthcareBiotechnology

Latest quote

¥88.00

¥0.00 · 0.00%

Aug 24, 2:23 PM JSTData delayed

4576.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

D. Western Therapeutics Institute, Inc. is a biotechnology enterprise focused on the research, discovery, and innovation of various pharmaceutical drugs. The company's current portfolio includes GLANATEC and GLA-ALPHA, ophthalmic solutions prescribed for glaucoma and ocular hypertension, as well as DW-1001, another medication for eye conditions. It also provides DWR-2206, a regenerative cell-based product targeting bullous keratopathy, and DW-1002, an ophthalmic surgical aid used for staining membranes like ILM, ALC, ERM, and PVR during cataract operations. In its development pipeline, the company is advancing DW-5LBT, a lidocaine patch designed to alleviate neuropathic pain post-shingles. Additionally, K-321 is progressing through Phase III clinical trials for Fuch endothelial corneal dystrophy, and H-1337, a multi-kinase inhibitor, has commenced Phase IIb trials for glaucoma and ocular hypertension treatment. The firm was established in 1999 and operates from its headquarters in Nagoya, Japan.

Industry
Biotechnology
Sector
Healthcare
Headquarters
JP
CEO
Yuichi Hidaka
Listed since
Oct 23, 2009
Employees
19

Market position

Day range

Current ¥88.00

52-week range

Current ¥88.00

Open
¥88.00
Previous close
¥88.00
Volume
168.6K
0.52× average
Average volume
321.64K
Average daily volume
Market cap
5.06B JPY
Beta
-0.01
Market reference 1
50-day average
¥77.16
+14.05% above average
200-day average
¥90.59
-2.86% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.5B JPY
P/E (TTM)
-7.39×
P/B (TTM)
3.59×
P/S (TTM)
20.43×
EV / EBITDA
-6.11×
Earnings yield
-13.74%
Free cash flow yield
-10.79%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
80.49%
Operating margin
-252.02%
Net margin
-257.89%
Return on equity
-44.03%
Return on assets
-29.14%
Return on invested capital
-30.02%

Financial health

Debt / equity
0.41×
Current ratio
9.91×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends132%-15%-163%-310%Gross margin, FY2021: 95.15%Gross margin, FY2022: 93.85%Gross margin, FY2023: 91.44%Gross margin, FY2024: 90.07%Gross margin, FY2025: 77.72%Operating margin, FY2021: -41.42%Operating margin, FY2022: -68.27%Operating margin, FY2023: -186.42%Operating margin, FY2024: -256.50%Operating margin, FY2025: -159.92%Net margin, FY2021: -35.95%Net margin, FY2022: -95.89%Net margin, FY2023: -189.65%Net margin, FY2024: -273.61%Net margin, FY2025: -163.07%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 95.15%. Gross margin FY2022 93.85%. Gross margin FY2023 91.44%. Gross margin FY2024 90.07%. Gross margin FY2025 77.72%. Operating margin FY2021 -41.42%. Operating margin FY2022 -68.27%. Operating margin FY2023 -186.42%. Operating margin FY2024 -256.50%. Operating margin FY2025 -159.92%. Net margin FY2021 -35.95%. Net margin FY2022 -95.89%. Net margin FY2023 -189.65%. Net margin FY2024 -273.61%. Net margin FY2025 -163.07%.

Income trends

Revenue

387.62M JPY-17.80%

Operating income

−619.87M JPY+48.75%

Net income

−632.09M JPY+51.01%
Income trends across reported periods647.77M JPY−56.99M JPY−761.74M JPY−1.47B JPYRevenue, FY2021: 414.42M JPYRevenue, FY2022: 448.1M JPYRevenue, FY2023: 428.36M JPYRevenue, FY2024: 471.58M JPYRevenue, FY2025: 387.62M JPYOperating income, FY2021: −171.65M JPYOperating income, FY2022: −305.91M JPYOperating income, FY2023: −798.56M JPYOperating income, FY2024: −1.21B JPYOperating income, FY2025: −619.87M JPYNet income, FY2021: −149M JPYNet income, FY2022: −429.69M JPYNet income, FY2023: −812.41M JPYNet income, FY2024: −1.29B JPYNet income, FY2025: −632.09M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 414.42M JPY. Revenue FY2022 448.1M JPY. Revenue FY2023 428.36M JPY. Revenue FY2024 471.58M JPY. Revenue FY2025 387.62M JPY. Operating income FY2021 −171.65M JPY. Operating income FY2022 −305.91M JPY. Operating income FY2023 −798.56M JPY. Operating income FY2024 −1.21B JPY. Operating income FY2025 −619.87M JPY. Net income FY2021 −149M JPY. Net income FY2022 −429.69M JPY. Net income FY2023 −812.41M JPY. Net income FY2024 −1.29B JPY. Net income FY2025 −632.09M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue387.62M JPY471.58M JPY428.36M JPY448.1M JPY414.42M JPY
Cost of goods sold86.38M JPY46.84M JPY36.67M JPY27.57M JPY20.1M JPY
Gross profit301.24M JPY424.74M JPY391.7M JPY420.53M JPY394.33M JPY
Research and development669.78M JPY1.37B JPY930.51M JPY469.56M JPY316.16M JPY
Selling, general, and administrative251.34M JPY265M JPY258M JPY255M JPY248M JPY
Operating expenses921.11M JPY1.63B JPY1.19B JPY726.45M JPY565.97M JPY
Interest income2.06M JPY76K JPY10K JPY25K JPY21K JPY
Interest expense8.82M JPY5.21M JPY2.49M JPY3.15M JPY4.42M JPY
Depreciation and amortization47.52M JPY49.33M JPY48.72M JPY46.37M JPY45.26M JPY
Operating income−619.87M JPY−1.21B JPY−798.56M JPY−305.91M JPY−171.65M JPY
Net income−632.09M JPY−1.29B JPY−812.41M JPY−429.69M JPY−149M JPY

Company facts updated Aug 24, 2026.

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