Otsuka Holdings Co., Ltd., January-September (Third Quarter Cumulative) Net Income Increases by 19%

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Thu Oct 31, 2024 1:30 pm JST Earnings

4578 Otsuka Holdings Co., Ltd. 【IFRS】

Earnings Report

Otsuka Holdings Co., Ltd. <4578> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on October 31st (13:30). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 18.5% from the same period last year, reaching 191 billion yen. The progress rate against the 240 billion yen full-year plan was 79.9%, it was below the five-year average of 98.2%.

Based on the third-quarter cumulative performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income/loss for the October to December period (4Q) is expected to turn into a profit of 48.3 billion yen (compared to a loss of 40 billion yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated net income increased by 41.9% from the same period last year, reaching 83.8 billion yen. The operating profit margin jumped from 13.5% in the same period last year to 21.7%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	1,266,119	114,848	145,999	111,036	204.7	84.4	Oct 31, 2022	IFRS
Jan - Sep, 2023	1,479,080	202,650	213,208	161,713	298.0	149.5	Oct 31, 2023	IFRS
Jan - Sep, 2024	1,730,076	261,045	256,015	191,672	353.3	ー	Oct 31, 2024	IFRS
YoY	+17.0%	+28.8%	+20.1%	+18.5%	+18.6%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	1,206,070	175,721	ー	132,205	246.2	60	Aug 1, 2024	IFRS
Jul - Dec, 2024 New	1,201,070	193,721	ー	132,205	246.2	60	Oct 31, 2024	IFRS
Revision Rate	-0.4%	+10.2%	－	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	2,315,000	302,000	ー	240,000	446.9	120	Aug 1, 2024	IFRS
Dec, 2024 New	2,310,000	320,000	ー	240,000	446.9	120	Oct 31, 2024	IFRS
Revision Rate	-0.2%	+6.0%	－	0.0%	0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	1,071,031	8,922	3,822	19,022	35.1	60	Feb 14, 2024	IFRS
Jul - Dec, 2024 Guidance	1,201,070	193,721	ー	132,205	246.2	60	Oct 31, 2024	IFRS
YoY	+12.1%	+2,071.3%	－	+595.0%	+602.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	1,737,998	150,323	172,954	133,906	246.8	100	Feb 14, 2023	IFRS
Dec, 2023	2,018,568	139,612	142,655	121,616	224.1	110	Feb 14, 2024	IFRS
Dec, 2024 Guidance	2,310,000	320,000	ー	240,000	446.9	120	Oct 31, 2024	IFRS
YoY	+14.4%	+129.2%	－	+97.3%	+99.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	531,543	71,960	74,375	59,119	108.9	13.5	Oct 31, 2023	IFRS
Oct - Dec, 2023	539,488	-63,038	-70,553	-40,097	-73.9	-11.7	Feb 14, 2024	IFRS
Jan - Mar, 2024	519,517	92,021	100,079	77,377	142.6	17.7	Apr 30, 2024	IFRS
Apr - Jun, 2024	589,413	34,258	42,116	30,418	56.0	5.8	Aug 1, 2024	IFRS
Jul - Sep, 2024	621,146	134,766	113,820	83,877	154.6	21.7	Oct 31, 2024	IFRS
YoY	+16.9%	+87.3%	+53.0%	+41.9%	+41.9%