The company operates a single business segment focusing on medical and general pharmaceuticals both in Japan and overseas, marketing drugs under the Salonpas, Nobinobi/Salonsip, Butenalock, and Mohrus brands, which mainly serve topical medication needs. As of February 19, 2026, Hisamitsu Pharmaceutical operates as a subsidiary of Taiyo Kosan Co., Ltd. The company maintains a strong position in OTC pain relief with established brand recognition globally.
Cyborg Score Rationale
Trailing net profit margin sits at 11.8%, compared with 13.9% a year earlier, with critics highlighting that softer profitability weakens the case for a premium valuation. The company's 4.4% forecast revenue growth and 0.3% forecast earnings growth trail broader JP market expectations, and paying a 22.6x P/E versus 17x for the industry raises questions when earnings growth is only forecast at 0.3%.
Top Insights
Q3 2026 results showed revenue of ¥39,571 million with net profit margins improving from a year ago
FY 2026 results reported trailing 12-month revenue of ¥163.0b, moving from ¥156.0b a year earlier, while EPS declined from ¥295.58 to ¥268.55
As of March 20, 2026, the company is trading at a 237% premium with a market cap of ¥423.01B and 70.05M shares outstanding
Salonpas® has been recognized as the world's No. 1 OTC topical analgesic patch brand for nine consecutive years as of 2025
Named Competitors
Voltaren — Diclofenac-based topical pain relief
Bengay — Menthol-based muscle and joint pain relief
Thermacare — Heat-activated pain relief wraps
Recent Developments
(April 2026) FY 2026 full-year results reported with fourth quarter revenue of ¥48.5b and margin compression to 11.8% from 13.9% year-over-year
(March 2026) Stock trading at ¥6,039.00 with market cap of ¥423.01B and P/E ratio of 24.41
(February 2026) Became a subsidiary of Taiyo Kosan Co., Ltd. as of February 19, 2026
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