4503
Astellas Pharma Inc.
アステラス製薬株式会社
Pharmaceutical
Astellas Pharma Inc. manufactures, markets, imports, and exports pharmaceuticals in Japan and internationally. The company offers XTANDI, a treatment for prostate cancer; XOSPATA, a treatment for acute myeloid leukemia; VYLOY, a treatment for gastric cancer; and PADCEV, a treatment for patients with metastatic urothelial cancer. It also provides VEOZAH, a treatment for vasomotor symptoms due to menopause; IZERVAY, a treatment for geographic atrophy secondary to age-related macular degeneration; EVRENZO, a treatment for anemia associated with chronic kidney disease; Betanis/Myrabetriq/BETMIGA, a treatment for overactive bladder; and Prograf, an immunosuppressant. It has a research collaboration with xFOREST Therapeutics to develop RNA-targeted therapies and a partnership agreement with Roche Diabetes Care Japan Co., Ltd. to develop and commercialize an integrated diabetes self-management solution. It offers its products to oncology, ophthalmology, urology, immunology, and women's health areas. The company was formerly known as Yamanouchi Pharmaceutical Co. Ltd. and changed its name to Astellas Pharma Inc. in April 2005. Astellas Pharma Inc. was founded in 1923 and is headquartered in Chuo, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥2,139.2B
¥1,912.3B
¥1,603.7B
¥1,518.6B
¥1,296.2B
Cost of Sales
¥408.4B
¥349.2B
¥292.5B
¥288.4B
¥253.0B
Gross Profit
¥1,730.8B
¥1,563.1B
¥1,311.2B
¥1,230.3B
¥1,043.2B
SG&A
¥860.3B
¥843.0B
¥740.1B
¥630.3B
¥548.8B
Operating Income
¥382.6B
¥41.0B
¥25.5B
¥133.0B
¥155.7B
Non-Operating Income
—
¥7.9B
¥11.5B
¥8.1B
¥6.1B
Interest Income
—
¥6.8B
¥8.8B
¥5.2B
¥794M
Non-Operating Expenses
—
¥17.7B
¥12.0B
¥8.8B
¥4.9B
Interest Expense
—
¥14.0B
¥7.4B
¥3.2B
¥2.3B
Pre-tax Income
¥376.6B
¥31.2B
¥25.0B
¥132.4B
¥156.9B
Net Income (owners)
¥291.5B
¥50.7B
¥17.0B
¥98.7B
¥124.1B
Comprehensive Income
—
¥48.9B
¥205.6B
¥205.3B
¥208.1B
EPS
¥162.77
¥28.35
¥9.51
¥54.24
¥67.08
Shares Outstanding
—
1.81B
1.81B
1.81B
1.83B
Shares Issued (total)
—
1.81B
1.81B
1.81B
1.84B
Treasury Shares
—
0.5M
0.6M
0.8M
0.9M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥3,567.0B
¥3,339.5B
¥3,569.6B
¥2,456.5B
¥2,332.4B
Current Assets
¥1,421.9B
¥1,201.3B
¥1,194.7B
¥1,050.0B
¥923.4B
Cash & Deposits
¥281.6B
¥188.4B
¥335.7B
¥376.8B
¥316.0B
Non-Current Assets
¥2,145.1B
¥2,138.2B
¥2,374.9B
¥1,406.6B
¥1,409.0B
PP&E
¥358.4B
¥328.9B
¥293.7B
¥286.5B
¥269.0B
Goodwill
—
¥415.2B
¥418.7B
¥328.4B
¥303.0B
Intangible Assets
—
¥1,123.7B
¥1,453.8B
¥562.5B
¥623.4B
Deferred Tax Assets
—
¥98.1B
¥45.6B
¥84.2B
¥72.3B
Total Liabilities
¥1,736.2B
¥1,826.3B
¥1,973.6B
¥948.6B
¥872.1B
Current Liabilities
¥1,218.4B
¥1,061.6B
¥1,285.7B
¥726.0B
¥687.4B
ST Debt
¥246.0B
¥266.5B
¥472.3B
—
—
Non-Current Liabilities
¥517.8B
¥764.7B
¥687.9B
¥222.5B
¥184.7B
Total LT Borrowings
¥320.0B
¥564.9B
¥447.7B
—
—
Deferred Tax Liab.
—
¥5.4B
¥51.3B
¥6.0B
¥5.8B
Total Equity
¥1,830.9B
¥1,513.3B
¥1,596.0B
¥1,508.0B
¥1,460.3B
Capital Surplus
—
¥185.3B
¥184.1B
¥181.3B
¥179.5B
Retained Earnings
¥902.8B
¥740.9B
¥809.4B
¥908.2B
¥944.3B
Treasury Stock
—
¥-37.5B
¥-33.8B
¥-25.1B
¥-13.9B
AOCI
—
¥521.6B
¥533.3B
¥340.6B
¥247.5B
Equity (owners)
¥1,829.0B
¥1,513.3B
¥1,596.0B
¥1,508.0B
¥1,460.3B
Total Interest-Bearing Debt ⓘ
¥566.0B
¥831.4B
¥920.0B
—
—
Net Cash ⓘ
¥-284.3B
¥-643.1B
¥-584.3B
¥376.8B
¥316.0B
NCAV ⓘ
¥-314.2B
¥-624.9B
¥-778.9B
¥101.4B
¥51.3B
NCAV/Share
—
¥-345
¥-431
¥56
¥28
BV/Share
—
¥836
¥882
¥834
¥796
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥560.2B
¥194.5B
¥172.5B
¥327.8B
¥257.4B
Investing CF
¥-66.7B
¥-89.4B
¥-845.8B
¥-84.5B
¥-62.4B
CapEx
¥57.7B
¥37.0B
¥38.1B
¥36.4B
¥30.7B
Financing CF
¥-404.8B
¥-261.4B
¥614.1B
¥-195.6B
¥-216.3B
Free Cash Flow
¥502.5B
¥157.5B
¥134.4B
¥291.3B
¥226.7B
Net Change in Cash
—
¥-147.3B
¥-41.2B
¥60.9B
¥-10.1B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
17.4%
3.3%
1.1%
6.7%
8.5%
ROA
8.4%
1.5%
0.6%
4.1%
5.3%
EPS
¥162.77
¥28.35
¥9.51
¥54.24
¥67.08
DPS
¥39.00
¥74.00
¥70.00
¥60.00
¥50.00
BPS
¥1,020.96
—
—
—
—
FCF/Share
—
¥87
¥74
¥161
¥124
NCAV/Share
—
¥-345
¥-431
¥56
¥28
Payout Ratio
24.0%
261.0%
736.1%
110.6%
74.5%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 11
Date Activist Stake Event Flag Demands Source
2026-01-20
BlackRock Japan Co., Ltd.
9.54%
+1.03%
change
Passive
—
2025-10-17
BlackRock Japan Co., Ltd.
8.51%
+0.01%
change
Passive
—
2025-09-19
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
6.38%
change
Passive
—
2025-09-18
BlackRock Japan Co., Ltd.
8.5%
-0.51%
change
Passive
—
2025-05-20
BlackRock Japan Co., Ltd.
9.01%
+0.21%
change
Passive
—
2025-05-08
Mitsubishi UFJ Financial Group Inc.
5.03%
+0.22%
initial_5pct
Passive
—
2025-03-19
BlackRock Japan Co., Ltd.
8.8%
+0.18%
change
Passive
—
2024-12-05
BlackRock Japan Co., Ltd.
8.62%
+1.12%
change
Passive
—
2024-07-03
BlackRock Japan Co., Ltd.
7.5%
-1.02%
change
Passive
—
2023-10-16
Mitsubishi UFJ Financial Group Inc.
4.81%
change
Passive
—
2023-08-03
BlackRock Japan Co., Ltd.
8.52%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 5
#
Shareholder
Shares (thou.)
% of Total
1
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社 (信託口)
359,709
19.88%
2
Japan Custody Bank
株式会社日本カストディ銀行 (信託口)
145,230
8.02%
3
GOLDMAN,SACHS & CO.REG
GOLDMAN,SACHS & CO.REG (常任代理人 ゴールドマン・サックス証券株式会社)
60,729
3.35%
4
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 株式会社みずほ銀行決済営業部)
54,188
2.99%
5
Nippon Life Insurance
日本生命保険相互会社 (常任代理人 日本マスタートラスト信託銀行株式会社)
51,588
2.85%
6
STATE STREET BANK WEST CLIENT - TREATY
STATE STREET BANK WEST CLIENT - TREATY 505234 (常任代理人 株式会社みずほ銀行決済営業部)
41,472
2.29%
7
SMBC Nikko Securities
SMBC日興証券株式会社
28,538
1.57%
8
JPモルガン証券株式会社
27,503
1.52%
9
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 385781 (常任代理人 株式会社みずほ銀行決済営業部)
26,382
1.45%
10
STATE STREET BANK AND TRUST COMPANY 505103 (常任代理人 株式会社みずほ銀行決済営業部)
20,914
1.15%
Domestic Nominees
27.9%
+0.2% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
17.2%
+4.0% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
22.55%
19.63%
19.88%
+0.25%
Japan Custody Bank
日本カストディ銀行
8.62%
8.09%
8.02%
-0.07%
GOLDMAN,SACHS & CO.REG
GOLDMAN,SACHS & CO.REG
↑
0.95%
1.30%
3.35%
+2.05%
STATE STREET BANK AND TRUST COMPANY 505001
NEW ENTRY
0.91%
—
2.99%
NEW
Nippon Life Insurance
日本生命保険
2.85%
2.85%
2.85%
STATE STREET BANK WEST CLIENT - TREATY
STATE STREET BANK WEST CLIENT - TREATY 505234
1.89%
2.05%
2.29%
+0.24%
SMBC Nikko Securities
SMBC日興証券
↑
—
1.05%
1.57%
+0.52%
JPモルガン証券
1.06%
1.82%
1.52%
-0.30%
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 385781
1.37%
1.40%
1.45%
+0.05%
STATE STREET BANK AND TRUST COMPANY 505103
NEW ENTRY
1.22%
—
1.15%
NEW
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 385632
last seen 2024
Exited Top 10
—
1.56%
—
SSBTC CLIENT OMNIBUS ACCOUNT
SSBTC CLIENT OMNIBUS ACCOUNT
last seen 2024
Exited Top 10
1.26%
1.16%
—
Concentration (HHI)
ⓘ
602
475
501
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥682M
-95% since 2023
Holdings
5
Trend
Stable
vs 2023
Held Company
FY2025
¥682M total
FY2023
¥12,726M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Oncolys BioPharma Inc.
オンコリスバイオファーマ株式会社
451
727,200
415
727,200
FibroGen,Inc.
231
4,968,367
12,311
4,968,367
Cytokinetics, Incorporated
—
—
Hokuyaku Takeyama Holdings Co., Ltd.
株式会社ほくやく・竹山ホールディングス
—
—
M
Roivant Sciences Ltd.
—
—
Portfolio total
682
12,726
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding