Company profile

Carna Biosciences, Inc.

EDINET
E00987
Securities
4572
Industry
Pharmaceutical
Latest annual securities report
2026-03-26 Annual Securities Report PDF HTML
Latest financial report
2026-08-07 Semiannual Securities Report PDF HTML
Latest filing
2026-09-28 Securities Registration Statement PDF HTML
Compare this company

Industry position

Pharmaceutical

View details
Profitability Weak Current Bottom 20% 5-year trend Deteriorating
Financial strength Weak Based on Equity ratio Current Bottom 10% 5-year trend Deteriorating
Growth Below average Current Bottom 37% 5-year trend Deteriorating
Cash generation Below average Current Bottom 31% 5-year trend Broadly stable

Latest half-year results

H1 FY2026

2026/01/01 - 2026/06/30

Consolidated · Japanese GAAP · Cumulative YTD

For H1 FY2026, revenue was ¥401.15 million, up 59.8% year over year. Operating income was -¥954.11 million, up 9.4% year over year. Net income was -¥1.04 billion, up 1.5% year over year.

Revenue ¥401.15M up 59.8% year over year
Operating income -¥954.11M up 9.4% year over year
Net income -¥1.04B up 1.5% year over year
Operating cash flow -¥914.93M
Free cash flow -¥925.52M
Total assets ¥1.77B

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Consolidated · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2025

Consolidated Japanese GAAP

Revenue reached ¥579.06 million, down 9.0% year over year. Operating income was -¥2.07 billion, up 0.1% year over year. Operating margin was -358.3%. Net income was -¥2.17 billion, up 0.3% year over year. ROE was -702.2%; equity ratio was 25.1%; free cash flow was -¥2.18 billion.

Revenue ¥579.06M down 9.0% year over year
Operating income -¥2.07B up 0.1% year over year
Net income -¥2.17B up 0.3% year over year
Total assets¥1.23B
Total equity—
Operating cash flow-¥2.16B
Free cash flow-¥2.18B

Industry position details

Pharmaceutical

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Weak

Operating margin Bottom 70% / ROE Bottom 100%

Financial strength Weak
Based on Equity ratio

Equity ratio Bottom 94%

Growth Below average

Revenue growth Bottom 58% / 3-year revenue CAGR Bottom 80%

Cash generation Below average

Operating cash flow margin Bottom 77% / Free cash flow margin Bottom 72%

Profitability Industry position history Deteriorating
2025 Bottom 9% 2024 Bottom 18% 2023 Bottom 28% 2022 Bottom 24% 2021 Bottom 31%
Financial strength Industry position history Deteriorating
2025 Bottom 7% 2024 Top 15% 2023 Top 17% 2022 Top 19% 2021 Top 42%
Growth Industry position history Deteriorating
2025 Bottom 16% 2024 Bottom 6% 2023 Top 21% 2022 Bottom 7% 2021 Top 8%
Cash generation Industry position history Broadly stable
2025 Bottom 14% 2024 Bottom 22% 2023 Bottom 23% 2022 Bottom 26% 2021 Bottom 23%
Profitability Operating margin -358.3% Industry median -155.7% Bottom 70% Comparison sample 20
Profitability ROE -702.2% Industry median -29.2% Bottom 100% Comparison sample 32
Financial strength Equity ratio 25.1% Industry median 71.4% Bottom 94% Comparison sample 32
Growth Revenue growth -9.0% Industry median -1.5% Bottom 58% Comparison sample 21
Growth 3-year revenue CAGR -25.3% Industry median -1.0% Bottom 80% Comparison sample 20
Cash generation Operating cash flow margin -372.9% Industry median -157.8% Bottom 77% Comparison sample 21
Cash generation Free cash flow margin -377.2% Industry median -167.1% Bottom 72% Comparison sample 21

Annual financial data

Fiscal year Scope Accounting standard Revenue Operating income Ordinary income Profit before tax Net income Profit attributable to owners of parent Comprehensive income Total assets Total liabilities Net assets Shareholders' equity Equity Equity attributable to owners of parent Equity for ratio Operating cash flow Investing cash flow Financing cash flow Free cash flow Cash and cash equivalents Basic EPS P/E Share price Market cap Book value per share Dividend per share Shares issued Equity ratio Official equity ratio ROE ROA Operating margin Ordinary income margin Net margin Operating cash flow margin Free cash flow margin Dividend payout ratio Revenue YoY Operating income YoY Ordinary income YoY Profit before tax YoY Net income YoY Total assets YoY Equity YoY Operating cash flow YoY Investing cash flow YoY Financing cash flow YoY Free cash flow YoY Cash and cash equivalents YoY EPS YoY Dividend per share YoY Shares issued YoY Employees YoY Average salary YoY Employees Average salary
FY2025 Consolidated Japanese GAAP 579057000 -2074972000 -2144861000 -2171470000 -2171470000 -2175824000 1229648000 920430000 309217000 230655000 309217000 -2159363000 -25009000 604711000 -2184372000 516789000 -113.62 16.16 19150500 0.2514678998 0.251 -7.0224793592 -1.7659281355 -3.5833639866 -3.7040584951 -3.7500107934 -3.7291026617 -3.7722918469 -0.0898693093 0.0005452521 -0.0308169357 0.0032617636 -0.5564224428 -0.8750817055 -0.5706674251 -0.9149310873 0.0656808373 -0.573906991 -0.7549002032 0.0659322591 0.0022504252 -0.0317460317 61
FY2024 Consolidated Japanese GAAP 636235000 -2076104000 -2080739000 -2178576000 -2178576000 -2144646000 2772115000 296760000 2475354000 2392439000 2475354000 -1374806000 -13060000 567441000 -1387866000 2108484000 -121.64 129.62 19107500 0.8929478034 0.893 -0.8801068453 -0.7858894743 -3.263108757 -3.270393801 -3.4241687427 -2.1608462282 -2.1813732347 -0.6086848487 -0.858679401 -0.8474388764 -0.8896569072 -0.3627162152 -0.361616594 0.1804259287 -0.1480309423 -0.5199424379 0.1782134483 -0.2701937385 -0.7726610318 0.114016523 -0.0597014925 63
FY2023 Consolidated Japanese GAAP 1625889000 -1116978000 -1126283000 -1152895000 -1152895000 -1135377000 4349891000 472356000 3877535000 3828549000 3877535000 -1677464000 -11376000 1182027000 -1688840000 2889101000 -68.62 226.16 17151900 0.8914096928 0.891 -0.2973267811 -0.2650399746 -0.6869952377 -0.6927182606 -0.7090859216 -1.0317211077 -1.0387178953 0.1724473372 0.1204121938 0.119279492 0.1457119802 0.0195567606 0.0647174893 -1.367995031 0.9094959267 2.2207293614 -1.0247792194 -0.1449955727 0.307568113 0.2063256507 0.0307692308 67
FY2022 Consolidated Japanese GAAP 1386748000 -1269888000 -1278820000 -1349539000 -1349539000 -1331861000 4266453000 624609000 3641844000 3592988000 3641844000 -708390000 -125696000 367006000 -834086000 3379048000 -99.1 255.04 14218300 0.8535999342 0.85 -0.3705647469 -0.3163140435 -0.9157309042 -0.9221718726 -0.9731681603 -0.510828211 -0.6014690485 -0.3126502767 -1.3908949702 -1.4451999266 -1.5249853127 -0.2146514719 -0.156115574 0.5389922765 -2.0159560429 -0.6553892207 0.4715251769 -0.1149306125 -1.3539192399 0.0679691138 0.015625 65
FY2021 Consolidated Japanese GAAP 2017529000 -531135000 -522992000 -534474000 -534474000 -510976000 5432560000 1116988000 4315572000 4291942000 4315572000 -1536612000 -41677000 1064987000 -1578289000 3817834000 -42.1 323.54 13313400 0.7943901218 0.793 -0.1238477773 -0.0983834509 -0.2632601564 -0.259224031 -0.2649151512 -0.7616306878 -0.7822881356 0.7801527512 0.497538945 0.5144425381 0.5189391485 0.1235077624 0.128546212 -0.2185932757 0.4082745304 0.470117597 -0.1854311798 -0.1119544318 0.5339311414 0.0730468844 0.0 64
FY2020 Consolidated Japanese GAAP 1133346000 -1057067000 -1077096000 -1111032000 -1111032000 -1119890000 4835356000 1011346000 3824010000 3830169000 3824010000 -1260972000 -70433000 724423000 -1331405000 4299142000 -90.33 308.05 12407100 0.7908435284 0.79 -0.2905410812 -0.2297725338 -0.9326957522 -0.9503682018 -0.9803113965 -1.1126099179 -1.174755988 -0.6466490388 -2.0810910043 -2.1253028487 -2.3413579077 -0.1006682649 -0.0076584486 -1.8532920821 -0.7201856148 -0.6585725543 -1.926627961 -0.1253116953 -2.1877712032 0.0645759149 0.0158730159 64
FY2019 Consolidated Japanese GAAP 3207423000 977778000 957161000 828289000 828289000 830764000 5376610000 1523088000 3853522000 3843543000 3853522000 1477773000 -40945000 2121748000 1436828000 4915056000 76.05 27.9 2121.795 24728459827.500 329.86 11654500 0.716719643 0.715 0.2149433687 0.1540541345 0.3048484718 0.29842057 0.2582412734 0.4607353006 0.4479696005 3.2499817806 1.8543134714 1.8256918643 1.6842123523 2.0374783203 3.3422265743 2.3100522506 0.2978530027 2.0860801545 2.211143517 2.6266677686 1.6083026716 0.0161290323 63
FY2018 Consolidated Japanese GAAP 754691000 -1144519000 -1159223000 -1210573000 -1210573000 -1212712000 1770090000 882636000 887453000 883563000 887453000 -1128026000 -58314000 687522000 -1186340000 1355254000 -125.02 86.83 0.5013603828 0.497 -1.3640981551 -0.6839047732 -1.5165398819 -1.5360233526 -1.6040644449 -1.4946859046 -1.5719546145 0.1477910804 -0.6372257031 -0.6292754984 -0.641980349 -0.1918821614 -0.355941761 -1.0105444208 -0.5293068632 1.3241699176 -0.979919424 -0.2698842485 -0.5920030562 0.0163934426 62
FY2017 Consolidated Japanese GAAP 657516000 -699060000 -711496000 -737264000 -737264000 -738967000 2190386000 812477000 1377908000 1364003000 1377908000 -561055000 -38131000 295814000 -599186000 1856218000 -78.53 142.68 0.6290708578 0.622 -0.5350603959 -0.3365909022 -1.0631832533 -1.0820968615 -1.1212867824 -0.8532948248 -0.9112873299 -0.1898501475 -0.6488158556 -0.6146254343 -1.542815755 -0.1464792629 -0.2077897064 -0.2386222396 -1.1537515524 -0.6081399184 -1.9233861721 -0.1411114083 -1.4819848293 0.0166666667 61
FY2016 Consolidated Japanese GAAP 811598000 -423977000 -440657000 -289940000 -289940000 -406060000 2566295000 826974000 1739321000 1733952000 1739321000 -452967000 248004000 754897000 -204963000 2161186000 -31.64 187.73 0.677755675 0.676 -0.1666972342 -0.1129799965 -0.5223977881 -0.5429498348 -0.3572458286 -0.5581174424 -0.2525425149 60

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Source data: Financial Services Agency EDINET / Data organization, aggregation, and metric calculations: bestforever.jp