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Takara Bio | Company Profile | Cell Culture Technology

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COMPANY PROFILE / CELL CULTURE TECHNOLOGY

Takara Bio
A company spanning reagents, CDMO and cell therapy pulls out of cell processing in 2026

Takara Bio was created in 2002 by spinning off the biotechnology division of Takara Shuzo (now Takara Holdings), and research reagents account for 70% of its sales. On top of that, it built a contract development and manufacturing (CDMO) business for gene and cell therapies and developed its own gene-modified T cell therapies. But after an operating loss of ¥4,688 million in the year to March 2026 and a tender offer by its parent, it was delisted from the Tokyo Stock Exchange on 12 June 2026. In May of that year it decided to exit contract GMP cell processing and stop developing its own gene therapies, and it is negotiating to transfer the cell processing business to S-RACMO, a joint venture of Sumitomo Chemical and Sumitomo Pharma. Using only primary sources, this profile sets out what the company put into cell culture, what it has stopped and what it has kept.

Sources: Takara Bio's financial results summary for the year to March 2026 (13 May 2026), "Implementation of structural reforms to improve profitability" (same day), annual securities report for the year to March 2025 (filed 20 June 2025), statement of opinion on the tender offer (13 February 2026) and the company's news releases, used as primary material. Last updated September 2026.

What this article covers
  1. Takara Bio in 30 seconds, and where it stands in cell culture
  2. The logo and how the name is written
  3. Where the company sits in the cell culture landscape
  4. Scale
  5. Resources committed to cell culture
  6. What it has done so far
  7. What comes next
  8. What the company is aiming for in cell culture
  9. Map of cell culture partnerships
  10. Technologies, products and services
  11. The risks this company carries
  12. Glossary, references and claim-to-source audit

1. Takara Bio in 30 seconds, and where it stands in cell culture

LEGAL NAMETakara Bio Inc.The company's official English name
HEADQUARTERSKusatsu, Shiga, Japan7-4-38 Nojihigashi
LISTINGDelisted on
12 June 2026
Now a wholly owned subsidiary of Takara Holdings
CATEGORY IN THIS FIELDReagents and media (main)
CDMO (secondary)
Own cell therapy development stopped in 2026
CONSOLIDATED REVENUE¥40,318 millionYear to March 2026. Down 10.5% year on year
CONSOLIDATED OPERATING RESULTLoss of ¥4,688 millionProfit of ¥2,263 million a year earlier
WHAT REMAINS IN CELL THERAPYRetroNectin®
and media products
Ancillary materials for making gene-modified cells
CONTRACT GMP CELL PROCESSINGExit decidedBasic agreement on transfer to S-RACMO in July 2026
The one thing to grasp first

Companies involved in cell culture can be divided into three types: contract development and manufacturing organisations (CDMOs), suppliers of equipment, consumables and media, and developers of cell and regenerative therapies. Takara Bio was originally an unusual company that spanned all three. In its May 2026 structural reforms, however, it decided to stop developing its own cell therapies (NY-ESO-1 siTCR® gene therapy and others) and exit contract GMP cell processing Sourced. What remains is its main type, supplier (research reagents, and RetroNectin® and media used to make cell therapies), and its secondary type, CDMO (now narrowed to nucleic acids and plasmids, proteins and enzymes, and viral vectors). In terms of the two meanings of cell culture, it is involved in both: (1) producing biopharmaceuticals such as antibodies (an antibody CDMO using 3,000 L-class single-use bioreactors), and (2) cell therapies in which the cells themselves are the product (supplying ancillary materials). But in (2) it is moving away from "making the cells themselves".

2. The logo and how the name is written

The Takara Bio logo is a trademark of the company. We have not recreated it with generated imagery; the name logo (SVG) used in the header of the official website is placed here as img/takara_bio_logo.svg.

A note on names: the legal entity's English name is Takara Bio Inc. Its parent is Takara Holdings Inc. (Tokyo Stock Exchange Prime 2531), a separate legal entity from Takara Shuzo, the alcoholic beverages company. The U.S. subsidiary Takara Bio USA, Inc. was formerly Clontech Laboratories, and is still known to researchers by the "Clontech" brand. S-RACMO Co., Ltd., with which the company is negotiating the transfer of its cell processing business, is a joint venture of Sumitomo Chemical and Sumitomo Pharma.

Official site: https://www.takara-bio.co.jp/ja/index.html

3. Where the company sits in the cell culture landscape

Three types of company involved in cell culture All of them "culture cells", yet what they actually sell is completely different CDMO (contract manufacturing) Tools, consumables & media Cell & regenerative therapy Makes others' drugs under contract Sells culture tools and materials Turns cells into the product Lonza / Samsung Biologics AGC Biologics / WuXi and others Thermo Fisher / Cytiva / Sartorius Merck / Ajinomoto / Corning, others Sumitomo Pharma / Takara Bio Allogene / ReproCELL and others Capacity and record win orders Sells whichever drug succeeds Approval brings a unique product Loses money if plants sit idle Falls when client spending cools High approval and cost hurdles Takara Bio's core is the middle (reagents, media); its CDMO narrows to nucleic acids and vectors In May 2026 it decided to exit the right (own gene therapy development and GMP cell processing)
Fig. 1 The three types of company involved in cell culture, and where Takara Bio sits. The classification is our own, and the companies shown are examples drawn from the 20 covered in this series Our calculation. Takara Bio appears among the examples on the right because the figure uses a template common to the series; that reflects its position before the structural reforms. The exits and new priorities are based on "Implementation of structural reforms to improve profitability" of 13 May 2026.

The company reports a single segment, and discloses sales in four areas: reagents, instruments, contract services and gene medicine. Set against cell culture, they look like this Sourced.

AreaSales, year to March 2026Link to cell cultureType in this article
Reagents¥29,197 millionResearch reagents for PCR, gene transfer, stem cells (ES and iPS cells) and more, including materials used in cell culture researchSupplier (main)
Instruments¥896 millionPCR instruments and single-cell analysis instruments. Since September 2025, distributes Wilson Wolf's "G-Rex®" cell culture vessels in JapanSupplier
Contract services¥7,291 millionContract work related to regenerative medicine products (vectors, cell processing, quality testing) and contract genetic analysis and testing. Contract manufacturing of antibody drugs also began in 2024CDMO (secondary)
Gene medicine¥2,932 millionAncillary materials such as RetroNectin®, media for lymphocyte culture and enzymes for mRNA manufacturing, plus the company's own gene therapy developmentSupplier plus cell therapy (development stopped)

4. Scale

Takara Bio has consolidated sales of around ¥40 billion. No figure is disclosed for cell culture-related sales alone, but the combined total of "contract services" and "gene medicine" (¥10.2 billion) serves as a rough upper bound for the businesses close to cell and gene therapy Our calculation. Contract services include genetic analysis, however, and gene medicine includes enzymes for mRNA vaccines, so not all of that total is related to cell culture.

Measure (consolidated, ¥ million)Year to March 2025Year to March 2026Year to March 2027 (company forecast)
Revenue45,03940,31844,000
Operating profit or loss2,263−4,688−2,700
Net profit or loss attributable to owners of the parent1,041−9,599−6,400
R&D expenses6,8976,806-
Employees (consolidated)1,779Not disclosed-
Sales by region (year to March 2026, ¥ million)JapanU.S.ChinaAsia excl. Japan and ChinaEuropeOther
Revenue14,13912,2555,3782,7635,409372
A caution

The net loss of ¥9.6 billion for the year to March 2026 includes impairment losses of ¥3,876 million on idle contract manufacturing facilities and other assets Sourced. According to the company's presentation materials, the assets concerned were the large-scale, parallel cell processing facilities in Building 2 of the Center for Gene and Cell Processing (CGCP) and a 2,000 L viral vector mass culture and purification facility. They had been "an upfront investment anticipating large-scale manufacturing demand in regenerative and cell medicine and gene therapy, but the trend changed, with major pharmaceutical companies discontinuing development". The figure should be read as a real example of a company that invested ahead in large cell culture facilities and ended up with impairments because it misjudged demand. Note that no annual securities report later than the one for the year to March 2025 was posted on the company's IR page at the time of writing, so the headcount at the end of March 2026 could not be confirmed.

5. Resources committed to cell culture

ResourceWhat primary sources confirmConfirmed?
People (organisation, sites, headcount)1,779 consolidated employees and 762 at the parent company (31 March 2025). Sites: Building 1 (operating since 2014, total floor area 6,700 m²) and Building 2 (operating since 2020, 14,500 m²) of the Center for Gene and Cell Processing at the head office site (Kusatsu, Shiga). As of July 2023, two manufacturing rooms and one filling room were added to what the company called "11 cell processing rooms, among the largest in Japan". 148 people took voluntary retirement in 2026 (leaving date planned for 31 October 2026), and the board was cut from nine directors to three. Dedicated headcount for cell processing or CDMO is not disclosedPartly confirmed
Money (R&D, capital expenditure)R&D expenses of ¥6,806 million (year to March 2026). Of capital expenditure of ¥10,106 million in the year to March 2025, ¥7,618 million went to dual-use manufacturing facilities for vaccines and the CDMO business (CGCP Building 3). Planned total investment in Building 3 is ¥34,640 million (own funds and subsidies; completion planned for June 2027). Impairments of ¥3,876 million on cell processing and other facilities. Investment in cell culture alone is not disclosedPartly confirmed
Outside investments and acquisitionsClontech Laboratories (U.S., 2005), Cellectis AB (Sweden, stem cell-related products, 2014), Rubicon Genomics and WaferGen (U.S., 2017), Curio Bioscience (U.S., spatial analysis, January 2025; acquisition cost US$107.4 million), ViSpot (Kobe, viral safety testing, February 2025). Those directly tied to cell culture are Cellectis AB (2014) and ViSpotConfirmed
Universities and research institutesPatents on siTCR® technology are co-owned with Mie University. Human iPS cell-derived intestinal epithelial cells came out of joint research with Osaka University and the National Institutes of Biomedical Innovation, Health and Nutrition (the rights were transferred to J-TEC in 2025). In July 2022 an industry-sponsored "Cell and Tissue Communication" programme was set up at the University of Tokyo Hospital for joint research on extracellular vesicles. In May 2026 the company was selected for AMED's SCARDA programme (the topic is manufacturing template DNA for mRNA vaccines, not cell culture)Confirmed
Start-up investmentsInvestments in cell therapy start-upsNot confirmed (the tie with Noile-Immune is a manufacturing business alliance; no investment is mentioned)
A materials engineer's view: RetroNectin® is a protein that acts as a "culture scaffold"

RetroNectin® is a recombinant protein engineered from fibronectin, a cell-adhesion protein. The company says that adding it when genes are delivered to cells with a viral vector greatly raises transduction efficiency and lets the transduced cells expand efficiently Sourced. From a materials standpoint, it is a kind of "scaffold material" coated on the surface of the culture vessel, drawing virus and cells to the same spot. For gene-modified cells such as CAR-T, the efficiency of this step directly determines the yield of the final product. And ancillary materials, once built into the manufacturing process of an approved product, can only be changed by proving comparability, so they tend to stay in use for a long time. The company has announced that RetroNectin® is used in making Strimvelis™ (approved in Europe) and Waskyra™ (approved in the U.S. and Europe in 2026) from Italy's Telethon. That it kept RetroNectin® and media while giving up contract cell processing is consistent with this property Not yet confirmed.

6. What it has done so far

WhenWhat happenedWhy it matters
May 1995(In the Takara Shuzo era) developed the RetroNectin method and started the gene medicine businessThe starting point for gene transfer into cells
April 2002Takara Bio set up by spinning off Takara Shuzo's biotechnology business. Listed on the Tokyo Stock Exchange Mothers market in December 2004Becomes a listed biotech subsidiary
September 2005Acquired Clontech Laboratories of the U.S.Strengthens research reagents for cell and molecular biology
August 2014Acquired Cellectis AB of SwedenAdds stem cell-related products (Cellartis®)
October 2014The Center for Gene and Cell Processing started operating, and the CDMO business began in earnestInto contract development and manufacturing of regenerative medicine products
January 2020Building 2 of the Center began full operationSupports CDMO work and launch preparations for its own gene therapies
May 2023Drew up the "Medium-Term Management Plan 2025", targeting operating profit of ¥15 billion in the final yearPromised "dramatic growth" in the CDMO business
July 2023Added cell processing rooms (two manufacturing rooms and one filling room) to Building 2Capacity for CAR-T, iPS cell and mesenchymal stem cell banks, and large-scale allogeneic cell manufacturing
September to October 2023Licensed commercial use of RetroNectin® to Telethon. Announced construction of CGCP Building 3 (with a METI subsidy and own funds)Commercial supply of an ancillary material, and a dual-use facility
September to October 2024Alliance to be the exclusive manufacturer of Noile-Immune Biotech's CAR-T "NIB103". Launched an antibody drug CDMO using 3,000 L-class single-use bioreactorsContract work expanded in both cell therapy and antibody drugs
January to March 2025Acquired Curio Bioscience and ViSpot. Transferred rights to iPS cell-derived intestinal epithelial cells to J-TECInvests in spatial analysis and viral testing, and lets go of an iPS cell product
May / September 2025Changed the plan for NY-ESO-1 siTCR® gene therapy (TBI-1301) to seek full approval rather than conditional and time-limited approval. Submitted a clinical trial notification for Phase IIIA change of direction in its own cell therapy development
September 2025Became the official distributor in Japan of Wilson Wolf's "G-Rex®" cell culture vesselsBroader range of culture equipment for cell therapy
October 2025Announced impairment of contract manufacturing facilities for cell processing and viral vectorsLarge facility investments could no longer be expected to pay back
February 2026Waskyra™, made using RetroNectin®, approved in the U.S. and Europe. The parent launched a tender offer at ¥1,150 per shareA track record for the ancillary material, and the start of going private
May 2026Structural reforms decided: own clinical development such as TBI-1301 stopped, exit from contract GMP cell processing, closure of the Swedish siteExit from the business of making cells themselves
12 June 2026DelistedBecomes a wholly owned subsidiary of Takara Holdings
June to July 2026Negotiated transfer of contract GMP cell processing to S-RACMO, reaching a basic agreement on 21 July. Also negotiating transfer of TBI-1301 to the Sumitomo Chemical groupCell processing staff and assets expected to move to the Sumitomo Chemical group

7. What comes next

TRANSFER OF CONTRACT CELL PROCESSINGFinal agreement
targeted for October 2026
With S-RACMO. Completion depends on conditions being met and is not yet certain
CDMO PRIORITIESNucleic acids and plasmids
Proteins and enzymes
Viral vectors
Non-GMP cell processing (such as process development) continues
ANCILLARY MATERIALS AND MEDIAB2B development
and sales push
RetroNectin®, enzymes for mRNA vaccine manufacturing, media products
NUMERICAL TARGETSBack to profit in FY to March 2028
Sales of ¥60.6 billion in FY to March 2031
Operating profit of ¥4.6 billion. Company targets, not yet confirmed

As a result of the structural reforms, the company expects to cut fixed costs by about ¥2.3 billion over the two years from the year to March 2027, and total expenses by about ¥2.8 billion including other costs; it has built extraordinary losses of about ¥2.8 billion for restructuring costs into its forecast for the year to March 2027 Not yet confirmed. Building 3 (total floor area 16,400 m²) is due to be completed in 2027; in normal times it is to be used for CDMO work on gene therapy vectors and nucleic acid drugs and for manufacturing ancillary materials such as RetroNectin®.

What could not be confirmed

None of the following appears in primary sources Not yet confirmed.

The consideration, number of staff and facilities involved in the transfer to S-RACMO; what happens after the transfer to the CAR-T manufacturing alliance with Noile-Immune; who will take over TBI-1301 and on what terms; what happens to the stem cell-related products (Cellartis®) after the Swedish site closes; and RetroNectin®'s own sales (no breakdown of the gene medicine area is disclosed).

8. What the company is aiming for in cell culture

This section goes beyond what the company says directly. It sets out inferences that can be drawn from primary sources, each with its basis.

What can be readPrimary evidence behind itCategory
In cell therapy it is going back from "the side that makes cells" to "the side that sells materials to those who make cells"It is exiting contract GMP cell processing, and states that ancillary material (AM) products such as RetroNectin® and media "will continue to be developed and manufactured for B2B customers, with a focus on expanding sales"Inference
Its CDMO is switching from large facilities waiting for mass production to small and medium-scale work handling many projectsThe presentation materials describe a "shift from facilities designed for large-scale manufacturing to small and medium-scale manufacturing targeting low-volume or local administration from early development"Sourced
Its cell processing technology and staff are likely to survive within the Sumitomo Chemical groupIt is negotiating a business transfer to S-RACMO that includes employees, and has signed a basic agreementInference
Going private means far less disclosure on cell culture from now onDelisting ends the obligation to publish annual securities reports and results summaries. In the parent's disclosures, Takara Bio is treated as part of the groupInference
One inference, explained in full

The structural reform disclosure clearly separates what the company is leaving (its own clinical development and contract GMP cell processing) from what it is keeping. The things named as staying are ancillary materials such as RetroNectin® and enzymes for mRNA vaccine manufacturing, and media products Sourced. All of these are "materials that go into customers' manufacturing processes", which create some demand whichever customer's drug succeeds. The contract cell processing it is leaving, by contrast, was a business whose facilities go idle when "the trend changes, with major pharmaceutical companies discontinuing development", as the presentation materials put it. Our reading, then, is that Takara Bio has removed the riskiest parts of the left (CDMO) and right (cell therapy) columns in Fig. 1, and moved its centre of gravity back to the middle (materials) Not yet confirmed. The company also cites "lower RetroNectin® demand from a major customer" in its presentation materials, so a materials business, too, still depends on how customers' development goes.

9. Map of cell culture partnerships

Cell culture partnerships centred on Takara Bio Only ties stated in the securities report, timely disclosures or company releases; press ties excluded Takara Bio Reagents + CDMO Noile-Immune Biotech Sole maker of CAR-T NIB103 Mie University Co-owns siTCR patents S-RACMO (Sumitomo JV) MoU to take GMP cell processing Takara Holdings Parent; full ownership in 2026 J-TEC Took iPS gut epithelium rights Fondazione Telethon (Italy) RetroNectin supply and licence Wilson Wolf (U.S.) Official G-Rex dealer in Japan Thermo Fisher 3,000L SUB for antibody CDMO Cellectis AB (Sweden) Bought 2014; stem cell products ViSpot (Kobe) Bought 2025; viral safety tests Co-development or CDMO Materials/equipment supply Investment, acquisition or transfer How the Noile-Immune manufacturing tie will be treated after the transfer could not be confirmed
Fig. 2 Cell culture partnerships centred on Takara Bio. Sources: annual securities report for the year to March 2025, the structural reform disclosure of 13 May 2026, and the company's news releases (25 September 2023; 25 September and 8 October 2024; 24 March and 17 September 2025; 6 February, 23 June and 21 July 2026). Acquisitions and alliances not directly related to cell culture, such as Curio Bioscience (spatial analysis), are left out of the figure.

10. Technologies, products and services

CategoryProduct or serviceWhat primary sources sayFrom May 2026
Ancillary materialsRetroNectin®A recombinant protein that raises the efficiency of gene transfer with viral vectors and makes expansion of the transduced cells more efficient. Used in making Strimvelis™ and Waskyra™Continued, with a sales push
MediaMedia for lymphocyte culture and othersThe presentation materials refer to "development of AM products following RetroNectin® and lymphocyte culture media"Continued, with a sales push
Culture equipment (as distributor)Wilson Wolf "G-Rex®"A vessel with a gas-permeable membrane at the base for large-scale culture of immune cells. Described as combinable with the RetroNectin® method and the company's short-duration CAR-T manufacturing method, the "Spo-T® method"Not mentioned in the structural reform disclosure
Research reagents (stem cells)ES and iPS cell-related products (Cellartis® and others)Product range added through the 2014 acquisition of Cellectis ABClosure of the Swedish site decided. What happens to the products could not be confirmed
CDMO (cell processing)GMP manufacturing of gene-modified cells such as CAR-T, and of iPS cell and mesenchymal stem cell banksCarried out in the cell processing rooms of Building 2Exit (non-GMP process development continues). Transfer to S-RACMO under negotiation
CDMO (viral vectors, nucleic acids, proteins)Vectors for gene therapy, mRNA, plasmids, antibody drugs (3,000 L-class single-use bioreactors)Also offers contract quality testing (such as viral clearance tests)A priority
Own gene therapiesNY-ESO-1 siTCR® gene therapy (TBI-1301), CD19 JAK/STAT CAR (TBI-2001)TBI-1301 holds orphan regenerative medicine product and SAKIGAKE designations (the latter is a Japanese fast-track scheme). Clinical trial notification for Phase III filed in September 2025Own development stopped. Transfer of TBI-1301 to the Sumitomo Chemical group under negotiation
A materials engineer's view: why the large, parallel cell processing facilities sat idle

The company's presentation materials describe the background to the impairment as a "shift from facilities designed for large-scale manufacturing to small and medium-scale manufacturing targeting low-volume or local administration from early development" Sourced. Cell therapies do not readily fit the antibody-drug model of making a large batch in one tank and distributing it to many patients; autologous therapies in particular, which use the patient's own cells, mean one lot per patient. As a result, investment premised on "lining up big facilities and making a lot at once" will not see high utilisation unless the number of approved products grows. Its choice of viral vectors, nucleic acids and proteins as future priorities can be read as picking modalities in which one facility can easily make products for multiple customers Not yet confirmed. Our explainers on bioreactors, CDMOs and CAR-T cells help show the differences between autologous and allogeneic, and between cell and molecule, manufacturing.

11. The risks this company carries

RiskSubstanceCategory
A weak research marketSharp cuts to U.S. research grants and fiercer competition in China cut sales of the mainstay reagents by 8.7% in the year to March 2026Sourced
Paying back Building 3Building 3, with planned total investment of ¥34,640 million, is due for completion in 2027. Large facilities in Building 2 have already been impairedNot yet confirmed
The business transfer falling throughThe transfer to S-RACMO depends on a final agreement and conditions being met, and the company states that it "has not been finalised at this time"Sourced
Customer concentration in ancillary materialsThe presentation materials cite "lower RetroNectin® demand from a major customer" as a reason for lower gene medicine salesSourced
Loss of talentOn top of 148 voluntary retirements, cell processing staff are expected to move to the acquirer. How many cell culture engineers remain in the company is not disclosedInference
Harder to verify from outsideAfter delisting, the state of each business can no longer be checked through statutory disclosuresInference

12. Glossary

CDMO
A business that develops manufacturing processes for drugs and manufactures them under contract. See our explainer on CDMOs for more.
Ancillary materials
Materials used in a drug's manufacturing process that are not intended to remain in the final product, such as media additives and enzymes.
RetroNectin®
A recombinant protein engineered from fibronectin that raises the efficiency of gene transfer into cells with viral vectors. A registered trademark of Takara Bio.
Contract GMP cell processing
Contract work processing and manufacturing another company's therapeutic cells in line with good manufacturing practice (GMP) for medicines.
siTCR®
The company's technology for introducing a cancer-recognising receptor while suppressing expression of the T cell's own T cell receptor.
CAR-T
A treatment that gives T cells the gene for a cancer-recognising receptor and returns them to the patient. See our explainer on CAR-T cells for more.
Single-use bioreactor
A bioreactor that uses a disposable bag as the culture vessel, reducing cleaning and sterilisation work. See our explainer on single-use systems.
Conditional and time-limited approval
A Japanese system for regenerative medicine products that allows early approval, with conditions and a time limit, when efficacy is presumed and safety is confirmed. TBI-1301 abandoned this route in favour of seeking full approval.
Dual-use facility
A facility used for ordinary contract manufacturing in normal times, and for making vaccines and similar products on government instruction during an epidemic.
Tender offer (TOB)
A procedure for buying up shares off-market at a published price and within a published period. In this case it was used by the parent to make the company a wholly owned subsidiary.
Concept diagram: stepping back from making cells under contract, and shifting weight to supplying materials (scaffold protein, media, enzymes) to those who make cells
Fig. 3 Concept diagram of Takara Bio's shift in emphasis in cell culture. This is an AI-generated concept image and does not depict actual equipment or products.

13. References

  1. Takara Bio Consolidated financial results summary for the year to March 2026 [Japanese GAAP] (in Japanese, 13 May 2026): revenue, sales by area and region, operating result, R&D expenses, impairment losses, the acquisition cost of Curio and the forecast for the year to March 2027. https://www.takara-bio.co.jp/ja/ir/news/auto_20260513528430/pdfFile.pdf
  2. Takara Bio "Implementation of structural reforms to improve profitability" (in Japanese, 13 May 2026): end of own clinical development, exit from contract GMP cell processing, voluntary retirement, expected cost savings, priority areas and targets for the year to March 2031. https://www.takara-bio.co.jp/ja/ir/news/auto_20260513528923/pdfFile.pdf
  3. Takara Bio Annual securities report for the 23rd fiscal period (1 April 2024 to 31 March 2025; in Japanese, filed 20 June 2025): history, business description, employees, R&D, capital expenditure, the investment plan for Building 3 and patents. https://www.takara-bio.co.jp/ja/ir/news/auto_20250620142400_S100VZNP/pdfFile.pdf
  4. Takara Bio Notice of statement of opinion in support of, and recommendation to tender in, the tender offer for the company's shares by its parent, Takara Holdings Inc. (in Japanese, 13 February 2026): tender offer price, state of the CDMO business, positioning of Buildings 2 and 3, and background to the impairments. https://www.takara-bio.co.jp/ja/ir/news/auto_20260213562303/pdfFile.pdf
  5. Takara Bio Notice of the results of the tender offer for the company's common shares by its parent, Takara Holdings Inc. (in Japanese, 7 April 2026). https://www.takara-bio.co.jp/ja/ir/news/auto_20260407599455/pdfFile.pdf
  6. Takara Bio Notice of delisting of the company's shares (in Japanese, 11 June 2026). https://www.takara-bio.co.jp/ja/ir/news/auto_20260611567951/pdfFile.pdf
  7. Takara Bio Presentation for the second-quarter results briefing, year to March 2026 (in Japanese, 13 November 2025): state of each area, issues in the contract business, the facilities impaired and why, and the gene medicine area. https://www.takara-bio.co.jp/ja/ir/news/newsir_251113_smkPRE_2603Q2/main/0/link/2603Q2prz.pdf
  8. Takara Bio "Takara Bio Group formulates Medium-Term Management Plan 2025" (in Japanese, 11 May 2023). https://www.takara-bio.co.jp/ja/ir/news/auto_20230511565114/pdfFile.pdf
  9. Takara Bio Status of negotiations on the transfer of the contract GMP cell processing business (in Japanese, 23 June 2026). https://www.takara-bio.co.jp/ja/news/newsr_26m0623hyti.html
  10. Takara Bio Conclusion of a basic agreement on the transfer of the contract GMP cell processing business (in Japanese, 21 July 2026). https://www.takara-bio.co.jp/ja/news/newsr_26m721hyti.html
  11. Takara Bio Results of the voluntary retirement programme (in Japanese, 21 July 2026). https://www.takara-bio.co.jp/ja/news/newsr_26m7212-2tihy.html
  12. Takara Bio "Waskyra™, a gene therapy made using RetroNectin®, receives marketing approval in the U.S. and Europe through Telethon" (in Japanese, 6 February 2026). https://www.takara-bio.co.jp/ja/news/newsr_26m0206tikk.html
  13. Takara Bio "Commercial licence for RetroNectin® granted to Telethon of Italy" (in Japanese, 25 September 2023). https://www.takara-bio.co.jp/ja/news/newsr_23m0925tlt.html
  14. Takara Bio "Sales in Japan of Wilson Wolf's innovative 'G-Rex®' cell culture system begin, as official distributor" (in Japanese, 17 September 2025). https://www.takara-bio.co.jp/ja/news/newsr_25m0917-iuky.html
  15. Takara Bio Notice of completed submission of a clinical trial notification for the confirmatory trial of NY-ESO-1 siTCR® gene therapy (in Japanese, 16 September 2025). https://www.takara-bio.co.jp/ja/news/newsr_25m0916_stmt.html
  16. Takara Bio "Business alliance agreement with Noile-Immune Biotech on co-development of a CAR-T product for solid tumours" (in Japanese, 25 September 2024). https://www.takara-bio.co.jp/ja/news/newsr_24m0925myck.html
  17. Takara Bio "Biopharmaceutical CDMO services expand into antibody drug development and manufacturing" (in Japanese, 8 October 2024). https://www.takara-bio.co.jp/ja/news/newsr_24m1008kmjm.html
  18. Takara Bio "Expansion of the cell processing area with the latest equipment for diverse modalities" (in Japanese, 3 July 2023). https://www.takara-bio.co.jp/ja/news/newsr_23m0703nmd.html
  19. Takara Bio "Construction of Building 3 of the Center for Gene and Cell Processing to manufacture mRNA vaccine drug substances, components and materials" (in Japanese, 5 October 2023). https://www.takara-bio.co.jp/ja/news/newsr_23m1005cgcpt.html
  20. Takara Bio "Rights to human iPS cell-derived intestinal epithelial cells transferred to Japan Tissue Engineering Co., Ltd." (in Japanese, 24 March 2025). https://www.takara-bio.co.jp/ja/news/newsr_25m0324iuck.html
  21. Takara Bio "'Cell and Tissue Communication' programme established at the University of Tokyo Hospital; joint research on extracellular vesicles begins" (in Japanese, 1 July 2022). https://www.takara-bio.co.jp/ja/news/newsr_22m0701Hieb02s7f6b8.html
  22. Takara Bio "Selected for a programme of AMED's Strategic Center of Biomedical Advanced Vaccine Research and Development for Preparedness and Response (SCARDA)" (in Japanese, 11 May 2026). https://www.takara-bio.co.jp/ja/news/newsr_26m0511hmkm.html
  23. Takara Bio Official website (in Japanese; used to check the company profile and logo). https://www.takara-bio.co.jp/ja/index.html

14. Claim-to-source audit

Claim in the articleCategorySource
Legal name, head office address, founding background and parent companySourcedReference 3 https://www.takara-bio.co.jp/ja/ir/news/auto_20250620142400_S100VZNP/pdfFile.pdf
Revenue, operating result, net result and R&D expenses for the years to March 2026 and 2025; sales by area and region; single segmentSourcedReference 1 https://www.takara-bio.co.jp/ja/ir/news/auto_20260513528430/pdfFile.pdf
Impairment losses of ¥3,876 million (idle contract manufacturing facilities and others)SourcedReference 1 https://www.takara-bio.co.jp/ja/ir/news/auto_20260513528430/pdfFile.pdf
What was impaired (large, parallel cell processing facilities in CGCP Building 2 and the 2,000 L vector facility) and why, and the shift to small and medium-scale manufacturingSourcedReference 7 https://www.takara-bio.co.jp/ja/ir/news/newsir_251113_smkPRE_2603Q2/main/0/link/2603Q2prz.pdf
Treating the ¥10.2 billion total of "contract services" and "gene medicine" as a rough upper bound for businesses close to cell and gene therapyOur calculationOur total of the sales by area in reference 1
Forecast for the year to March 2027 (revenue ¥44,000 million, operating loss ¥2,700 million)SourcedReference 1 https://www.takara-bio.co.jp/ja/ir/news/auto_20260513528430/pdfFile.pdf
The structural reforms (end of own clinical development, exit from contract GMP cell processing, closure of the Swedish site, priority modalities, cost savings and targets for the year to March 2031)SourcedReference 2 https://www.takara-bio.co.jp/ja/ir/news/auto_20260513528923/pdfFile.pdf
Headcount (31 March 2025), capital expenditure, planned total investment in Building 3, acquisition history and co-owned patents with Mie UniversitySourcedReference 3 https://www.takara-bio.co.jp/ja/ir/news/auto_20250620142400_S100VZNP/pdfFile.pdf
Headcount at the end of March 2026Not yet confirmedCould not be confirmed in primary sources https://www.takara-bio.co.jp/ja/ir/news/auto_20260513528430/pdfFile.pdf
Tender offer price of ¥1,150, the Medium-Term Management Plan 2025 target of ¥15 billion operating profit and the CDMO shortfall, and the positioning of Buildings 2 and 3SourcedReference 4 https://www.takara-bio.co.jp/ja/ir/news/auto_20260213562303/pdfFile.pdf
Completion of the tender offerSourcedReference 5 https://www.takara-bio.co.jp/ja/ir/news/auto_20260407599455/pdfFile.pdf
Delisting on 12 June 2026SourcedReference 6 https://www.takara-bio.co.jp/ja/ir/news/auto_20260611567951/pdfFile.pdf
Content of the Medium-Term Management Plan 2025 (operating profit of ¥15 billion, preparations to build Building 3, more RetroNectin® capacity)SourcedReference 8 https://www.takara-bio.co.jp/ja/ir/news/auto_20230511565114/pdfFile.pdf
Negotiations and basic agreement on transferring contract GMP cell processing to S-RACMO, a final agreement targeted for October 2026, and negotiations on transferring TBI-1301SourcedReferences 9 and 10 https://www.takara-bio.co.jp/ja/news/newsr_26m721hyti.html
Consideration, staff and facilities in the transfer, and the treatment of the Noile-Immune allianceNot yet confirmedNot in primary sources https://www.takara-bio.co.jp/ja/news/newsr_26m721hyti.html
148 voluntary retirementsSourcedReference 11 https://www.takara-bio.co.jp/ja/news/newsr_26m7212-2tihy.html
How RetroNectin® works, and its use in Waskyra™ and Strimvelis™SourcedReferences 12 and 13 https://www.takara-bio.co.jp/ja/news/newsr_26m0206tikk.html
Official distributor of G-Rex® in Japan, and its combination with the Spo-T® methodSourcedReference 14 https://www.takara-bio.co.jp/ja/news/newsr_25m0917-iuky.html
Change of development plan for TBI-1301 (seeking full approval) and the Phase III clinical trial notificationSourcedReference 15 https://www.takara-bio.co.jp/ja/news/newsr_25m0916_stmt.html
Business alliance to be the exclusive manufacturer of Noile-Immune's NIB103SourcedReference 16 https://www.takara-bio.co.jp/ja/news/newsr_24m0925myck.html
Antibody drug CDMO using 3,000 L-class single-use bioreactorsSourcedReference 17 https://www.takara-bio.co.jp/ja/news/newsr_24m1008kmjm.html
Expansion of cell processing rooms (two manufacturing rooms and one filling room added to 11 rooms)SourcedReference 18 https://www.takara-bio.co.jp/ja/news/newsr_23m0703nmd.html
Purpose, size and schedule of Building 3, the METI subsidy, and the floor areas of Buildings 1 and 2SourcedReference 19 https://www.takara-bio.co.jp/ja/news/newsr_23m1005cgcpt.html
Transfer to J-TEC of rights to iPS cell-derived intestinal epithelial cells, and joint research with Osaka University and othersSourcedReference 20 https://www.takara-bio.co.jp/ja/news/newsr_25m0324iuck.html
The sponsored programme at the University of Tokyo Hospital (July 2022) and selection for AMED's SCARDA programme (May 2026)SourcedReferences 21 and 22 https://www.takara-bio.co.jp/ja/news/newsr_22m0701Hieb02s7f6b8.html
Investments in cell therapy start-upsNot yet confirmedNot in primary sources. This article does not conclude that none exist https://www.takara-bio.co.jp/ja/ir/news/auto_20250620142400_S100VZNP/pdfFile.pdf
The three types of cell culture company, and Takara Bio's main and secondary typesOur calculationOur own classification. Companies shown are examples from the 20 in this series
The reading that the company is moving its weight back to "selling materials"InferenceThis article's interpretation of which businesses the structural reforms keep and which they exit
The reading that cell processing technology and staff will survive within the Sumitomo Chemical groupInferenceThis article's interpretation of the transfer negotiations, which include employees
Less disclosure after going private, and the risk of losing talentInferenceThis article's interpretation of the delisting and the voluntary retirements
Why the priority modalities were chosen (one facility can easily serve multiple customers)InferenceThis article's interpretation of statements in the presentation materials

Last updated 23 September 2026 / Troy Technical
Every figure in this article comes from Takara Bio's financial results summaries, annual securities report, timely disclosures, results presentation materials and news releases. No research-firm estimates or press-based figures have been used. Passages marked "Inference" are this article's interpretation of primary sources, not statements made by the company.

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