Hisamitsu Pharmaceutical Acquisition, Valuation & Financials

Hisamitsu Pharmaceutical was acquired for $2.9B in January 2026.

Hisamitsu Pharmaceutical acquisition price

$2.9B

Acquired · Jan 2026

Hisamitsu Pharmaceutical revenue as a public company

$1B

Last twelve months · Aug 2026

Hisamitsu Pharmaceutical market cap before the deal

$828M

OTCM: HTSUY · Aug 2026

Hisamitsu Pharmaceutical Overview

About Hisamitsu Pharmaceutical

Hisamitsu Pharmaceutical Co Inc is engaged in the research, development, manufacturing, procurement, and sale of pharmaceutical products. The company operates a single business segment, focusing on medical and general pharmaceuticals both in Japan and overseas. It markets drugs under the Salonpas, Nobinobi / Salonsip, Butenalock, and Mohrus brands, which mainly serve topical medication needs with pain relief creams, gels, sprays, lotions, and ointments.


Founded

1944

HQ

JapanTosu

Status

Acquired

Customer focus

B2C

Revenue model

Product sales

Revenue

$1B (Aug 2026)

Valuation

$2.9B (acquired Jan 2026)

Hisamitsu Pharmaceutical Acquisition

Hisamitsu Pharmaceutical was acquired for $2.9B on 6 January 2026.

Hisamitsu Pharmaceutical acquisition details
DateTypePrice
6 Jan 2026Strategic M&A$2.9B

Hisamitsu Pharmaceutical as a Public Company

Hisamitsu Pharmaceutical traded as OTCM: HTSUY before it was taken private. Its acquisition was announced in January 2026. August 2026 is its last month on record as a listed company, with a market cap of $828M.

Last-twelve-month revenue was $1B.

Over the 4 years before that, its market cap fell from $1.7B in August 2022 to $828M, while revenue grew from $952M to $1B.

Hisamitsu Pharmaceutical market cap while listed

Hisamitsu Pharmaceutical EV/Revenue (LTM) while listed

Hisamitsu Pharmaceutical financials and trading multiples by year while listed
As ofMarket capRevenue (LTM)EV/Revenue
Aug 2026$828M$1B-
Aug 2025$1.9B$1.1B1.1x
Aug 2024$1.9B$1B1.1x
Aug 2023$2.4B$956M1.6x
Aug 2022$1.7B$952M0.9x

Market cap, enterprise value and last-twelve-month figures are month-end values, up to the last month Hisamitsu Pharmaceutical traded.

Investments by Hisamitsu Pharmaceutical

Hisamitsu Pharmaceutical has invested in 2 companies to date.

Latest investment by Hisamitsu Pharmaceutical was on July 17th 2025. Hisamitsu Pharmaceutical invested in ReEir in their $4M Seed round.


Latest Investments by Hisamitsu Pharmaceutical

ReEir
GAIA BioMedicine
Description
ReEir is an Ireland-based research company developing regenerative medicine products, including stem cell therapies for chronic wound healing in ulcer patients. Its pipeline features allogeneic mesenchymal stem cell treatments tested in clinical trials across Europe and Asia for diabetic foot ulcers and venous leg ulcers.
GAIA BioMedicine is a biopharmaceutical company founded in 2015 and based in Japan. GAIA BioMedicine is conducting clinical development of cancer immunotherapy using their originally defined natural killer-like cells. GAIA is a clinical stage biotech company established in 2015 based on the research of Prof. The company serves business and institutional customers through products and services in the biopharmaceutical market. Its commercial model is built primarily on technology licensing and product sales, reflecting the way customers obtain and use its offering. JIC Venture Growth Investments classifies the business in its Middle to Growth portfolio and records July 2025 for the company. The company maintains its operating website at gaia-biomed.com, while JIC VGI's portfolio materials preserve the public record of the investment relationship.
HQ CountryJapanJapan
HQ City
Tokyo
Fukuoka
Deal Date17 Jul 202521 Sep 2021
RoundSeedSeries B
Raised$4M$12M
InvestorsSeibu Shinkin Capital; Izul; 01booster; Toppan Holdings; Asahi Group; Sakura JujiSBI Investment; CEJ Capital; Osaka University Venture Capital
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Hisamitsu Pharmaceutical Competitors

Hisamitsu Pharmaceutical competitors include listed companies like Joincare Pharmaceutical, Rubicon Research, Samchundang Pharm and Sunshine Lake Pharma, and private ones like Heyuan Biotechnology and Pathos.

Public and private companies comparable to Hisamitsu Pharmaceutical
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Joincare PharmaceuticalChinaChinaPublicly listed$2.3B$571M$2.9B1.4x
Rubicon ResearchIndiaIndiaPublicly listed$184M$41M$2.9B13.2x
Samchundang PharmSouth KoreaSouth KoreaPublicly listed$171M$16M$2.9B-
Sunshine Lake PharmaChinaChinaPublicly listed$723M$164M$2.8B-
Heyuan BiotechnologyChinaShanghaiPrivate--$3B-
PathosUnited StatesChicago, ILPrivate$13M-$3B-

Hisamitsu Pharmaceutical Public Comps

Hisamitsu Pharmaceutical is no longer listed, but its public comps include Joincare Pharmaceutical, Rubicon Research, Samchundang Pharm, Sunshine Lake Pharma, Hypera, ADMA Biologics, Betta Pharmaceuticals, Vericel, Kangmei Pharmaceutical Co. and IDEAYA Biosciences.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Joincare Pharmaceutical$2.3B$571M1.3x1.4x5.4x9.2x
Rubicon Research$184M$41M16.0x13.2x71.0x57.3x
Samchundang Pharm$171M$16M17.4x-192.0x-
Sunshine Lake Pharma$723M$164M4.7x-20.8x-
Hypera$1.4B$403M2.8x2.3x9.6x7.5x
ADMA Biologics$510M$196M5.7x5.5x14.8x10.6x
Betta Pharmaceuticals$542M$156M6.0x5.5x21.0x16.4x
Vericel$276M$23M9.8x8.1x120.1x30.1x

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Common questions about Hisamitsu Pharmaceutical

When was Hisamitsu Pharmaceutical founded?Hisamitsu Pharmaceutical was founded in 1944.
Where is Hisamitsu Pharmaceutical headquartered?Hisamitsu Pharmaceutical is headquartered in Tosu, Japan.
Is Hisamitsu Pharmaceutical publicly listed?No, Hisamitsu Pharmaceutical was acquired in January 2026.
How much was Hisamitsu Pharmaceutical acquired for?Hisamitsu Pharmaceutical was acquired for $2.9B in January 2026.
Which companies are comparable to Hisamitsu Pharmaceutical?Companies comparable to Hisamitsu Pharmaceutical include Joincare Pharmaceutical, Rubicon Research, Samchundang Pharm, Sunshine Lake Pharma, Heyuan Biotechnology and Pathos.
What was Hisamitsu Pharmaceutical's market cap before the acquisition?Hisamitsu Pharmaceutical had a market cap of $828M in August 2026, its last month on record as a listed company.
What was Hisamitsu Pharmaceutical's revenue as a public company?Hisamitsu Pharmaceutical's last reported twelve-month revenue was $1B (August 2026).
How many companies has Hisamitsu Pharmaceutical invested in?Hisamitsu Pharmaceutical has invested in 2 companies, including ReEir and GAIA BioMedicine.
What was Hisamitsu Pharmaceutical's last investment?In July 2025, Hisamitsu Pharmaceutical invested in ReEir's $4M seed round alongside Seibu Shinkin Capital, Izul, 01booster and 3 other investors.

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