OTSUKA CORPORATION, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 11%, July-September Ordinary Profit Increases by 26%

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Thu Oct 31, 2024 3:00 pm JST Earnings

4768 OTSUKA CORPORATION 【J-GAAP】

Earnings Report

OTSUKA CORPORATION <4768> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 10.6% from the same period last year, reaching 54 billion yen. The progress rate against the 70.5 billion yen full-year plan was 76.6%, also surpassing the five-year average of 74.5%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to grow by 5.2% from the same period last year, reaching 16.4 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 26.2% from the same period last year, reaching 14.1 billion yen. The operating profit margin improved from 4.9% in the same period last year to 5.3%.

Kabutan News

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	642,199	40,090	41,542	29,739	78.4	73.3	Oct 31, 2022	J-GAAP
Jan - Sep, 2023	740,058	47,390	48,846	33,135	87.4	75.7	Oct 31, 2023	J-GAAP
Jan - Sep, 2024	822,262	52,169	54,015	36,631	96.6	76.6	Oct 31, 2024	J-GAAP
YoY	+11.1%	+10.1%	+10.6%	+10.6%	+10.5%

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	456,314	26,247	26,894	22,031	58.1	67.50	Feb 1, 2024	J-GAAP
Jul - Dec, 2024 Guidance	485,278	30,657	30,648	21,770	57.4	70	Aug 1, 2024	J-GAAP
YoY	+6.3%	+16.8%	+14.0%	-1.2%	-1.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	861,022	54,768	56,639	40,022	105.6	62.50	Feb 1, 2023	J-GAAP
Dec, 2023	977,370	62,959	64,517	47,448	125.1	67.50	Feb 1, 2024	J-GAAP
Dec, 2024 Guidance	1,055,000	69,500	70,500	48,700	128.4	70	Aug 1, 2024	J-GAAP
YoY	+7.9%	+10.4%	+9.3%	+2.6%	+2.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	219,002	10,678	11,223	7,718	20.4	4.9	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	237,312	15,569	15,671	14,313	37.8	6.6	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	266,664	17,242	17,641	11,679	30.8	6.5	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	303,058	21,601	22,211	15,251	40.2	7.1	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	252,540	13,326	14,163	9,701	25.6	5.3	Oct 31, 2024	J-GAAP
YoY	+15.3%	+24.8%	+26.2%	+25.7%	+25.6%