6523
PHC Holdings Corporation
PHCホールディングス株式会社
Electric Appliances
PHC Holdings Corporation, together with its subsidiaries, provides healthcare digital and precision technology solutions in Japan, Europe, North America, and internationally. The company operates in three segments: Diabetes Management; Healthcare Solutions; and Diagnostic and Life Sciences. It offers precision anatomical pathology for cancer, including tissue processors, digital pathology, and histology consumables; cell growth and preservation, such as CFC-free ultra-low temperature freezers, CO2 incubators, and live cell metabolic analyzer and cell expansion bioreactor system; and diagnostic testing comprising clinical testing, diagnostic reagents, and digital diabetes management solutions. The company also provides patient record and billing solutions, which include electronic medical record systems and receipt systems, systems for pharmacies, and wellness and prevention; diabetes management technology, such as blood and continuous glucose monitoring systems; and medical device and drug delivery comprising contract development and manufacturing services, drug delivery systems, and digital health. It serves patients, healthcare professionals, and researchers. The company was formerly known as Panasonic Healthcare Holdings Co., Ltd. and changed its name to PHC Holdings Corporation in April 2018. PHC Holdings Corporation was founded in 1948 and is headquartered in Chiyoda, Japan.
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Overview
Filings & Signals
Ownership
Financials
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Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥361.6B
¥353.9B
¥356.4B
¥340.5B
Cost of Sales
¥195.4B
¥195.9B
¥187.3B
¥175.2B
Gross Profit
¥166.2B
¥158.0B
¥169.1B
¥165.2B
SG&A
¥144.2B
¥149.7B
¥140.7B
¥142.2B
Operating Income
¥22.6B
¥1.6B
¥20.0B
¥8.2B
Non-Operating Income
¥1.5B
¥648M
¥411M
¥2.3B
Non-Operating Expenses
¥5.3B
¥15.5B
¥20.2B
¥7.5B
Pre-tax Income
¥18.8B
¥-13.2B
¥179M
¥3.0B
Net Income (owners)
¥10.5B
¥-12.9B
¥-3.2B
¥-8.5B
Minority Interest
¥-120M
¥35M
¥173M
¥160M
Comprehensive Income
¥6.3B
¥11.9B
¥11.2B
¥3.7B
EBITDA
¥50.5B
—
—
—
EPS
¥83.13
¥-102.48
¥-25.84
¥-70.78
Shares Outstanding
126.2M
126.0M
125.3M
123.9M
Shares Issued (total)
126.4M
126.2M
125.5M
124.1M
Treasury Shares
0.2M
0.2M
0.2M
0.2M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥532.5B
¥564.3B
¥561.6B
¥591.3B
Current Assets
¥172.8B
¥187.8B
¥197.6B
¥216.4B
Cash & Deposits
¥39.6B
¥47.0B
¥60.9B
¥95.2B
Non-Current Assets
¥359.7B
¥376.5B
¥364.0B
¥375.0B
PP&E
¥48.4B
¥49.7B
¥47.6B
¥48.3B
Goodwill
¥206.5B
¥208.7B
¥199.7B
¥197.8B
Intangible Assets
¥80.6B
¥91.4B
¥91.1B
¥99.1B
Deferred Tax Assets
¥6.1B
¥7.1B
¥4.4B
¥3.2B
Total Liabilities
¥391.3B
¥425.2B
¥422.7B
¥455.3B
Current Liabilities
¥140.6B
¥147.4B
¥129.8B
¥137.7B
ST Debt
¥34.3B
¥36.9B
¥30.2B
¥27.3B
Non-Current Liabilities
¥250.8B
¥277.8B
¥292.9B
¥317.5B
Total LT Borrowings
¥221.0B
¥248.1B
¥262.4B
¥280.7B
Deferred Tax Liab.
¥9.3B
¥9.1B
¥7.3B
¥11.8B
Total Equity
¥141.2B
¥139.2B
¥138.8B
¥136.1B
Capital Surplus
¥42.0B
¥41.8B
¥43.6B
¥44.1B
Retained Earnings
¥3.0B
¥-2.8B
¥17.1B
¥28.4B
Treasury Stock
¥-568M
¥-568M
¥-568M
¥-568M
AOCI
¥48.6B
¥52.6B
¥29.9B
¥16.4B
Equity (owners)
¥141.6B
¥139.5B
¥138.0B
¥135.4B
Minority Interests
¥-468M
¥-351M
¥819M
¥690M
Total Interest-Bearing Debt ⓘ
¥255.3B
¥285.0B
¥292.6B
¥307.9B
Net Cash ⓘ
¥-215.7B
¥-238.0B
¥-231.7B
¥-212.7B
NCAV ⓘ
¥-218.5B
¥-237.3B
¥-225.2B
¥-238.9B
NCAV/Share
¥-1,732
¥-1,883
¥-1,797
¥-1,928
BV/Share
¥1,122
¥1,107
¥1,101
¥1,092
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥41.9B
¥41.3B
¥21.4B
¥51.1B
D&A
¥27.9B
—
—
—
Investing CF
¥-8.5B
¥-21.1B
¥-17.5B
¥-12.5B
Financing CF
¥-39.1B
¥-39.1B
¥-40.8B
¥-7.0B
Free Cash Flow
¥41.9B
¥41.3B
¥21.4B
¥51.1B
Net Change in Cash
¥-7.5B
¥-13.9B
¥-34.3B
¥34.5B
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
7.5%
-9.3%
-2.3%
-6.2%
ROA
1.9%
-2.3%
-0.6%
-1.4%
EPS
¥83.13
¥-102.48
¥-25.84
¥-70.78
DPS
¥42.00
¥54.00
¥72.00
—
FCF/Share
¥332
¥328
¥171
¥412
NCAV/Share
¥-1,732
¥-1,883
¥-1,797
¥-1,928
Payout Ratio
50.5%
—
—
—
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 7
Date Activist Stake Event Flag Demands Source
2026-05-20
Panasonic Holdings Corporation
4.55%
-1.58%
change
Passive
—
2025-11-19
Panasonic Holdings Corporation
6.13%
-1.61%
change
Passive
—
2025-07-02
Mitsubishi Chemical Corporation
9.73%
initial_5pct
Passive
—
2025-07-02
Life Science Institute, Inc.
—
exit
Passive
—
2024-09-12
KKR PHC Investment L.P.
38.0%
change
Passive
—
2024-09-12
KKR PHC Investment L.P.
38.0%
change
Passive
—
2024-02-26
Panasonic Holdings Corporation
7.74%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 1
#
Shareholder
Shares (thou.)
% of Total
1
KKR PHC INVESTMENT L.P. (常任代理人 株式会社三菱UFJ銀行)
47,994
38.03%
2
三井物産株式会社
21,870
17.33%
3
株式会社生命科学インスティテュート
12,297
9.74%
4
パナソニックホールディングス株式会社
9,766
7.74%
5
LCA 3 MOONSHOT LP (常任代理人 株式会社みずほ銀行決済営業部)
5,714
4.53%
6
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(信託口)
4,710
3.73%
7
岡 秀朋
907
0.72%
8
PHCホールディングス従業員持株会
851
0.67%
9
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
756
0.60%
10
BNY Mellon (Nominee)
BNYM AS AGT/CLTS NON TREATY JASDEC (常任代理人 株式会社三菱UFJ銀行)
578
0.46%
Domestic Nominees
4.3%
-0.2% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.5%
+0.5% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
78.8%
-0.2% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
KKR PHC INVESTMENT L.P.
38.30%
38.08%
38.03%
-0.05%
三井物産
17.45%
17.35%
17.33%
-0.02%
式会社生命科学インスティテュート
9.81%
9.76%
9.74%
-0.02%
パナソニックホールディングス
8.99%
7.75%
7.74%
-0.01%
LCA 3 MOONSHOT LP
4.56%
4.53%
4.53%
日本マスタートラスト信託銀行
3.10%
4.12%
3.73%
-0.39%
岡 秀朋
—
0.50%
0.72%
+0.22%
PHCホールディングス従業員持株会
0.55%
0.60%
0.67%
+0.07%
日本カストディ銀行
1.07%
0.36%
0.60%
+0.24%
BNY Mellon
NEW ENTRY
—
—
—
0.46%
NEW
GSESL PHC CLIENT ASSET ACCOUNT
last seen 2024
Exited Top 10
—
0.40%
—
State Street
last seen 2023
Exited Top 10
0.40%
—
—
BNY GCM CLIENT ACCOUNT JPRD AC ISG(FE-AC)
last seen 2023
Exited Top 10
0.71%
—
—
Concentration (HHI)
ⓘ
1981
1945
1937
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥289M
+4% since 2023
Holdings
1
Trend
Stable
vs 2023
Held Company
FY2025
¥289M total
FY2023
¥277M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Senseonics Holdings, Inc.
289
2,941,176
277
2,941,176
Portfolio total
289
277
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding