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Santen Pharmaceutical Co (4536) Price & Analysis
4536 Stock Chart & Stats
- Day’s Range
- JPY 1,773.00 - JPY 1,798.00
- 52-Week Range
- JPY 1,484.50 - JPY 2,254.00
- Previous Close
- JPY 1,770.50
- Volume
- 125.80K
- Average Volume (3M)
- 1.05M
- Market Cap
- JPY 574.81B
- Enterprise Value
- JPY 637.18B
- Total Cash (Recent Filing)
- JPY 78.26B
- Total Debt (Recent Filing)
- JPY 31.01B
- Price to Earnings (P/E)
- 15.0
- Beta
- 0.39
- Next Earnings
- Nov 05, 2026
- EPS Estimate
- 31.24
- Next Dividend Ex-Date
- Mar 30, 2027
- Dividend Yield
- 2.24%
Bulls Say, Bears Say
Bulls Say
Profitability Recovery
The strong recovery in profitability provides a more durable earnings base than the company had in 2023. Healthy operating and net margins, together with improved returns on equity, should support reinvestment, brand development, and resilience across the ophthalmology portfolio.
Conservative Balance Sheet
Very low leverage gives Santen substantial financial flexibility as it funds research, product lifecycle management, and international commercialization. A strong equity base also reduces dependence on borrowing and helps the company absorb earnings variability without excessive balance-sheet strain.
Positive Cash Generation
Positive operating and free cash flow demonstrate that Santen is converting a substantial portion of reported earnings into internally generated funds. This supports continued investment in ophthalmology products and provides capacity for capital allocation without relying heavily on external financing.
Bears Say
Weaker Cash Conversion
The gap between operating profit and cash generation indicates weaker cash conversion than ideal, while the decline from 2024–2025 suggests less consistent working-capital or earnings conversion. If sustained, this could constrain internally funded investment despite reported profitability.
Earnings Volatility
The prior-year loss and weak operating margin show that Santen’s earnings trajectory has not been consistently stable. Such volatility makes forward profit generation less predictable and may limit management’s ability to plan investment, dividends, and product expansion with confidence.
Limited Balance-Sheet Expansion
A balance sheet that has not clearly expanded over time may indicate that the company is not consistently building its asset and equity base alongside operations. This could limit the scale of future investment and leaves less evidence of sustained capital accumulation.
Santen Pharmaceutical Co News
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Company Description
Santen Pharmaceutical Co
Santen Pharmaceutical Co., Ltd. is a global enterprise engaged in the research, development, manufacturing, and marketing of both pharmaceutical products and medical devices. The company's primary focus lies in ophthalmic solutions, addressing a variety of eye conditions. Its pipeline for glaucoma and ocular hypertension includes several key assets: DE-111, currently in Phase III clinical trials; DE-117, available for sale in Japan; DE-126, progressing through Phase IIb trials; DE-128, which is on the market in Europe and undergoing Phase II/III trials in the United States; and DE-130A, also in Phase III development. Beyond glaucoma, Santen's offerings extend to other ocular ailments. It provides DE-114A for allergic conjunctivitis and DE-076C for vernal keratoconjunctivitis. Furthermore, DE-109 is in Phase III clinical trials for the treatment of uveitis. The company is also active in addressing myopia with DE-127, currently in Phase II/III trials in Japan and Phase III in other Asian markets, alongside STN1013400, which is in Phase I trials. For dry eye, Santen offers DE-089C, which has successfully concluded its Phase III clinical trials. In addition to its prescription portfolio, the company produces and sells various over-the-counter (OTC) pharmaceutical products. Founded in 1890 under the name Santendo Pharmaceutical Co., Ltd., the company rebranded to its current name, Santen Pharmaceutical Co., Ltd., in 1958. It is headquartered in Osaka, Japan.
- Sector
- Healthcare
- Industry
- Drug Manufacturers - General
- CEO
- Takeshi Ito
- Employees
- 3,968
- Website
- www.santen.com
- Address
- Grand Front Osaka Tower A, Kita, OS, 530-8552, JP
Santen Pharmaceutical Co (4536) Earnings & Revenues
4536 Company Deck
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 11 | 3 | 8 |
| Technical Analysis | 2 | 3 | 5 |
| Moving Averages | 9 | 0 | 3 |









