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← CockpitCompetitor Analysis › 4588.T Oncolys BioPharma, Inc.Open in the cockpit ↗

Oncolys BioPharma, Inc.4588.TCompetitor analysis, valuation and peers

Japan · JPY·Health Care›Biotechnology

Japanese biotech developing oncolytic virus therapies and antiviral drugs, notably Telomelysin for cancer.

≈ A small-cap Japanese oncolytic-virus biotech, akin to early ReplimuneMomentum leader 100
Mkt cap
$1.39B
US dollars, full cap
Free float
91%
of shares outstanding
$/day
$70.2M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-133.8 pp
WACC 12.2%
Hurdle
n/a
no reverse DCF
Close · JPY¥7,400
1D-2.0%
1W0.0%
1M+8.3%
3M+177.2%
6M+162.4%
YTD+434.7%
1Y+906.8%
ATR %8.8%
52w lowhigh12.4% off high

What Oncolys BioPharma does

Japanese biotech developing oncolytic virus therapies and antiviral drugs, notably Telomelysin for cancer.

Depends on raising capital and licensing deals to fund trials. Oncolytic viruses are viruses engineered to infect and destroy cancer cells while sparing healthy tissue; Telomelysin uses a viral control element that switches on only in cells with an active telomerase, an enzyme most cancers use.

In one line: A small-cap Japanese oncolytic-virus biotech, akin to early Replimune.

Products and services

  • Telomelysin (oncolytic virus, cancer)
  • Antiviral drug candidates

Customers

  • Hospitals/cancer patients (post-approval)
  • Pharma licensing partners

Where it sits in the supply chain

  • Health Care
  • Biopharmaceuticals
  • Oncolytic virus & antiviral drug…

What could go right

  • Positive clinical trial readouts
  • Licensing deals with larger pharma

What could go wrong

  • Clinical trial failure risk
  • Small-cap biotech funding/dilution risk

Moat: narrow (IP / patents). Proprietary oncolytic-virus technology platform, though still largely pre-commercial.

Headquarters: Tokyo, Japan · Founded: 2004 · Employees: 38

Named competitors

Oncolys BioPharma at a glance

Size Oncolys BioPharma (4588.T) is a Japan Health Care company (Biotechnology) with a market value of $1.39B, the 598th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥7,400 on 6 Nov 2026.

Performance Over six months the shares gained 162.4%, against -21.2% for the median peer and +1.8% for the Japan market (cap-weighted) — highest of 19 in its peer set.

Growth Revenue grew 1,662.4% over the last twelve months (peer median +5.5%); the operating margin is -303.0% (peer median -3.9%).

Valuation It trades at 429.8× enterprise value to sales against a peer median of 7.0× (3rd most expensive of 14).

Capital Return on invested capital runs 133.8 points below its cost of capital (12.2% WACC).

Relative performance

10020030011 May 202611 Aug 20266 Nov 20264588.T 272Peer median 79
Six months, rebased to 100: Oncolys BioPharma against the median of its 20 peers (local-currency closes).

Oncolys BioPharma financials

Reported figures in JPY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥503M¥28.5M¥31.4M¥63.0M¥976M
Revenue growth—-9%-50%-94%—
Gross profit¥503M¥28.3M¥30.6M¥30.6M¥338M
EBITDA-¥1.52B-¥2.02B-¥1.68B-¥1.93B-¥1.20B
Net income-¥1.51B-¥2.06B-¥1.68B-¥1.94B-¥1.15B
Free cash flown/a-¥1.94B-¥2.02B-¥1.34B-¥1.72B
Capital expendituren/a¥3.01M¥3.52M¥5.69M¥1.36M
Total debt¥799M¥320M¥325M¥315M¥394M

Quarterly statements and history in the cockpit →

Oncolys BioPharma competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+100%-50%0%+50%ANAB301207000403KRSAMLYSTYRANUVB6949688739SGP9606AKUMS4588.T6-month return →1-month return →
Up and to the right = strong over both horizons. Oncolys BioPharma is the large dot.

Fundamentals: revenue growth against valuation

0%+500%+1,000%+1,500%0×500×1,000×1,500×ANAB301207TSHAKRSANUVB69494588.TRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Oncolys BioPharma is the large dot.

Oncolys BioPharma competitors and peer comparison

Head to head with its named competitors (4588.T vs REPL vs AMGN vs 4503.T)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Oncolys BioPharma 4588.T$1.39B+162%+1,662%-303%429.8×n/a
Replimune REPL$2.05B+547%n/an/an/an/a
Amgen AMGN$249B+40%+9%36%7.4×1.8%
Astellas Pharma 4503.T$28.2B+11%+19%23%1.9×-11.0%

How Oncolys BioPharma compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Oncolys BioPharma against its 20 peers (data as of 6 Nov 2026)
Measure4588.TPeer medianRank in peer set
1-month return+8.3%-3.0%4th highest of 21
6-month return+162.4%-21.2%highest of 19
Distance from 52-week high-12.4%-41.7%4th highest of 21
Revenue growth (TTM)+1,662.4%+5.5%highest of 16
Operating margin-303.0%-3.9%5th lowest of 15
EV / Sales429.8×7.0×3rd most expensive of 14
ROIC minus cost of capital-133.8 pp-1.6 pp2nd lowest of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Oncolys BioPharma 4588.TJapan$1.39B+162%+1,662%-303%429.8×n/an/a
AnaptysBio ANABUnited States$1.39B-33%+93%56%6.3×-1.2%+25.6%
Hualan Biological Vaccine 301207.SZChina$1.39B-21%-28%-7%10.3×36.5%-13.1%
Pacific Shuanglin Bio-pharmacy 000403.SZChina$1.38B-19%+1%10%3.8×n/an/a
Taysha Gene Therapies TSHAUnited States$1.41B-36%-32%-2,855%184.6×n/an/a
Korsana Biosciences KRSAUnited States$1.41B+43%-13%-359%743.5×n/an/a
Mineralys Therapeutics MLYSUnited States$1.36B-48%n/an/an/an/an/a
Kardigan KARDUnited States$1.45Bn/an/an/an/an/an/a
Tyra Bioscience TYRAUnited States$1.45B-38%n/an/an/an/an/a
Nuvation Bio NUVBUnited States$1.46B-13%+1,084%-81%7.2×n/an/a
PELL Bio-Med Technology 6949.TWTaiwan$1.49B+126%+5%-1,720%1,640.0×n/an/a
Liaoning Chengda Biotechnology 688739.SSChina$1.28B-10%-9%0%2.5×8.8%-7.0%
uniQure QUREUnited States$1.51B-22%+30%-1,093%66.8×n/an/a
Hugel 145020.KSSouth Korea$1.52B-26%+17%38%4.4×-7.9%+15.0%
Fujian Haixi Pharmaceuticals 2637.HKHong Kong$1.53B-41%+25%33%n/an/an/a
Inhibrx Biosciences INBXUnited States$1.24B-37%-100%n/an/an/an/a
ANI Pharmaceuticals ANIPUnited States$1.55B-18%+31%13%1.8×-4.1%+33.5%
SpyGlass Pharma SGPUnited States$1.24B+58%n/an/an/an/an/a
Duality Biotherapeutics 9606.HKHong Kong$1.23B-60%-5%-181%7.0×n/an/a
TLC BioSciences 7924.TWOTaiwan$1.57Bn/an/an/an/an/an/a
Akums Drugs and Pharmaceuticals AKUMS.NSIndia$1.22B+34%+18%10%2.1×15.8%+9.9%

Questions

Who are Oncolys BioPharma's main competitors?
Named competitors: Replimune Group (REPL), Amgen (Imlygic) (AMGN), Astellas Pharma (4503.T). The cockpit's measured peer set (industry) also includes AnaptysBio (ANAB), Hualan Biological Vaccine (301207.SZ), Pacific Shuanglin Bio-pharmacy (000403.SZ), Taysha Gene Therapies (TSHA), Korsana Biosciences (KRSA), Mineralys Therapeutics (MLYS).
Is Oncolys BioPharma expensive compared with its peers?
On ev / sales it trades at 429.8× against a peer median of 7.0×, 3rd most expensive of 14 in its peer set.
How has Oncolys BioPharma stock performed?
Over six months to 6 Nov 2026 the shares returned +162.4% against -21.2% for the median peer; over one year +906.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.