DAIICHI SANKYO COMPANY, LIMITED, The Current Fiscal Year Net Income Revised Upward to an Unexpected 12% Increase

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Thu Oct 31, 2024 1:00 pm JST Earnings

4568 DAIICHI SANKYO COMPANY, LIMITED 【IFRS】

Earnings Report

DAIICHI SANKYO COMPANY, LIMITED <4568> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on October 31st (13:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 146 billion yen, an increase of 51.2% compared to the same period last year.

In addition, the full-year consolidated net income has been revised upward by 18.4%, from the previous forecast of 190 billion yen to 225 billion yen (compared to 200 billion yen in the previous period), turning to a 12.1% increase in the consolidated net income outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease by 24.5% from the same period last year to 78.3 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased by 53.3% from the same period last year, reaching 61.2 billion yen. The operating profit margin jumped from 13.6% in the same period last year to 21.0%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	607,797	95,580	91,265	58,309	30.4	71.9	Oct 31, 2022	IFRS
Apr - Sep, 2023	726,344	95,063	102,097	97,006	50.6	43.0	Oct 31, 2023	IFRS
Apr - Sep, 2024	882,727	186,900	192,586	146,675	76.8	67.6	Oct 31, 2024	IFRS
YoY	+21.5%	+96.6%	+88.6%	+51.2%	+51.9%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	30	Apr 25, 2024	IFRS
Apr - Sep, 2024 Results	882,727	186,900	192,586	146,675	76.8	30	Oct 31, 2024	IFRS
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	1,750,000	230,000	235,000	190,000	101.0	60	Apr 25, 2024	IFRS
Mar, 2025 New	1,830,000	280,000	285,000	225,000	119.6	60	Oct 31, 2024	IFRS
Revision Rate	+4.6%	+21.7%	+21.3%	+18.4%	+18.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	875,344	116,525	135,137	103,725	54.1	30	Apr 25, 2024	IFRS
Oct - Mar, 2024 Guidance	947,273	93,100	92,414	78,325	41.6	30	Oct 31, 2024	IFRS
YoY	+8.2%	-20.1%	-31.6%	-24.5%	-23.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,278,478	120,580	126,854	109,188	57.0	30	Apr 27, 2023	IFRS
Mar, 2024	1,601,688	211,588	237,234	200,731	104.7	50	Apr 25, 2024	IFRS
Mar, 2025 Guidance	1,830,000	280,000	285,000	225,000	119.6	60	Oct 31, 2024	IFRS
YoY	+14.3%	+32.3%	+20.1%	+12.1%	+14.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	375,509	51,031	49,964	39,993	20.9	13.6	Oct 31, 2023	IFRS
Oct - Dec, 2023	446,925	99,488	97,749	66,558	34.7	22.3	Jan 31, 2024	IFRS
Jan - Mar, 2024	428,419	17,037	37,388	37,167	19.4	4.0	Apr 25, 2024	IFRS
Apr - Jun, 2024	436,175	92,979	110,198	85,383	44.6	21.3	Jul 31, 2024	IFRS
Jul - Sep, 2024	446,552	93,921	82,388	61,292	32.1	21.0	Oct 31, 2024	IFRS
YoY	+18.9%	+84.0%	+64.9%	+53.3%	+53.9%