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JCR Pharmaceuticals (4552) · RiskMitigated

Dependence on Human Growth Hormone Products and Single-Supplier Risk

First written in FY2016. 7 of 12 entries say "Mitigated", first in FY2018. Latest entry: FY2026.

12entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseMitigatedFY2018 – FY2022WorsenedFY2023 – FY20252016: 120162017: 120172018: 120182019: 120192020: 120202021: 120212022: 120222023: 120232024: 120242025: 120252026: 22026
Same theme, other companies
Dual dependence on a core pharmaceutical formulation and a single API supplierA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2026MitigatedAnnual report

    「Human growth hormone products will account for 44.5% of total sales in the current consolidated fiscal year among the Group's products.」

    Dependence on human growth hormone products declined from 54.7% in the previous fiscal year to 44.5%. The policy of reducing dependence by expanding products covered by J-Brain Cargo®, including Izcargo®, also continued.
  2. 2026-05-13MitigatedRevision of earnings forecasts

    「Human growth hormone product Growject®               18,098      17,933  △0.9 Mucopolysaccharidosis type II treatment Izcargo® intravenous infusion      5,718       6,766   18.3」

    Sales of Growject® declined while Izcargo® sales increased, resulting in higher total sales. Based on the figures in the table, Growject®’s share of sales decreased from the previous fiscal year.
  3. FY2025WorsenedAnnual report

    「Human growth hormone products will account for 54.7% of total sales in the current consolidated fiscal year among the Group's products.」

    Dependence on human growth hormone products increased from 41.8% in FY2024 to 54.7%. The policy of reducing dependence through products such as Izcargo® continued, but the proportion worsened in the current fiscal year.
  4. FY2024WorsenedAnnual report

    「Human growth hormone products will account for 41.8% of total sales in the current consolidated fiscal year among the Group's products.」

    Dependence on human growth hormone products increased from 35.7% in FY2023 to 41.8%. The policy of reducing dependence through products such as Izcargo® continued, but the proportion worsened in the current fiscal year.
  5. FY2023WorsenedAnnual report

    「Human growth hormone products will account for 35.7% of total sales in the current consolidated fiscal year among the Group's products.」

    Dependence on human growth hormone products increased from 25.3% in the previous fiscal year to 35.7%. The policy of reducing dependence over the medium to long term through growth in products such as Izcargo® continued, but the proportion increased in the current fiscal year.
  6. FY2022MitigatedAnnual report

    「Human growth hormone products will account for 25.3% of total sales in the current consolidated fiscal year among the Group's products.」

    Dependence on human growth hormone products declined from 44.1% in the previous fiscal year to 25.3%. The disclosure describes the expansion of revenue sources, including Izcargo®, milestone revenue, and AZD1222 drug substance.
  7. FY2021MitigatedAnnual report

    「Human growth hormone products accounted for 44.1% of total sales in the current consolidated fiscal year among the Group's products.」

    Dependence on human growth hormone products declined from 51.0% in the previous fiscal year to 44.1%.
  8. FY2020MitigatedAnnual report

    「Human growth hormone products will account for 51.0% of total sales in the current consolidated fiscal year among the Group's products.」

    Dependence on human growth hormone products declined from 51.7% in the previous fiscal year to 51.0%. The risks of declining birth rates and future market contraction, dependence on Ferring for the active pharmaceutical ingredient, and supply risks for Growjector® L continued to be disclosed.
  9. FY2019MitigatedAnnual report

    「Human growth hormone products accounted for 55.8% of total sales in the previous consolidated fiscal year and 51.7% in the current consolidated fiscal year among the Group's products.」

    Dependence on human growth hormone products declined from 55.8% to 51.7% of sales. The risk that Ferring is the sole supplier of the active pharmaceutical ingredient, and the response of securing inventory, continued to be disclosed.
  10. FY2018MitigatedAnnual report

    「Human growth hormone products accounted for 59.1% of total sales in the previous consolidated fiscal year and 55.8% in the current consolidated fiscal year among the Group's products.」

    Dependence on human growth hormone products declined from 59.1% to 55.8% of sales. The risk that Ferring is the sole supplier of the active pharmaceutical ingredient, and the response of securing inventory sufficient for a specified period, continued to be disclosed.
  11. FY2017WorsenedAnnual report

    「Human growth hormone products accounted for 58.6% of total sales in the previous consolidated fiscal year and 59.1% in the current consolidated fiscal year among the Group's products.」

    Dependence on human growth hormone products increased from 58.6% to 59.1% of sales.
  12. FY2016First statedAnnual report

    「Human growth hormone products accounted for 56.8% of total sales in the previous consolidated fiscal year and 58.6% in the current consolidated fiscal year among the Group's products. Accordingly, if grounds arise for revoking the marketing approval for these products, or if other circumstances cause sales to decline substantially, the Company's financial results may be affected.」

    Disclosed that human growth hormone products accounted for 58.6% of sales. Also identified as a risk the fact that Ferring is the sole supplier of the active pharmaceutical ingredient.
Moved together

"Development into a research-driven company with a strong global presence" moved the same way as this thread, in the same document, in 8 of its 12 moves.

877766★123456
  1. ★This thread
  2. 1Development into a research-driven company with a strong global presence8×
  3. 2Commercialization, Joint Research and Licensing of J-Brain Cargo®7×
  4. 3Approval and Application Milestones for the Development Pipeline7×
  5. 4Expansion of Proprietary Biopharmaceutical Platform Technology7×
  6. 5Expansion of International Partnering, Technology Licensing and API Supply6×
  7. 6Expanding revenue from core products and strengthening the product portfolio6×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
JCR Pharmaceuticals's next results are scheduled for 2026-10-29. Read the earnings preview It last moved in the Revision of earnings forecasts of 2026-05-13: "Mitigated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Dependence on Human Growth Hormone Products and Single-Supplier Risk | JCR Pharmaceuticals Co.,Ltd. (4552) | Komori