Eisai Co., Ltd., July-September (2Q) Net Income Increases by 4.0 times

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Fri Nov 8, 2024 12:30 pm JST Earnings

4523 Eisai Co., Ltd. 【IFRS】

Earnings Report

Eisai Co., Ltd. <4523> [TSE-P] announced its financial results (based on IFRS) at noon (12:30) on November 8th. The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 6.2% from the same period last year to 21.6 billion yen. The progress rate against the 43 billion yen full-year plan was 50.4%, below the five-year average of 57.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow by 10.5% from the same period last year, reaching 21.3 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income surged to 4.0 times that of the same period last year, reaching 11.1 billion yen. The operating profit margin significantly improved from 3.1% in the same period last year to 7.4%.

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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	358,626	5,253	8,134	30,465	106.3	18.1	Nov 7, 2022	IFRS
Apr - Sep, 2023	373,553	31,427	35,658	23,129	80.6	57.7	Nov 7, 2023	IFRS
Apr - Sep, 2024	385,023	27,837	31,535	21,693	76.1	52.6	Nov 8, 2024	IFRS
YoY	+3.1%	-11.4%	-11.6%	-6.2%	-5.6%

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	－	80	May 15, 2024	IFRS
Apr - Sep, 2024 Results	385,023	27,837	31,535	21,693	76.1	80	Nov 8, 2024	IFRS
Revision Rate	－	－	－	－	－

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	368,198	21,981	26,165	19,277	67.2	80	May 15, 2024	IFRS
Oct - Mar, 2024 Guidance	368,977	25,663	28,465	21,307	75.5	80	Nov 8, 2024	IFRS
YoY	+0.2%	+16.8%	+8.8%	+10.5%	+12.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	744,402	40,040	45,012	55,432	193.3	160	May 15, 2023	IFRS
Mar, 2024	741,751	53,408	61,823	42,406	147.9	160	May 15, 2024	IFRS
Mar, 2025 Guidance	754,000	53,500	60,000	43,000	152.4	160	May 15, 2024	IFRS
YoY	+1.7%	+0.2%	-2.9%	+1.4%	+3.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	176,618	5,400	7,373	2,790	9.7	3.1	Nov 7, 2023	IFRS
Oct - Dec, 2023	177,702	6,110	8,032	5,969	20.8	3.4	Feb 6, 2024	IFRS
Jan - Mar, 2024	190,496	15,871	18,133	13,308	46.4	8.3	May 15, 2024	IFRS
Apr - Jun, 2024	189,029	13,407	15,969	10,581	37.0	7.1	Aug 2, 2024	IFRS
Jul - Sep, 2024	195,994	14,430	15,566	11,112	39.0	7.4	Nov 8, 2024	IFRS
YoY	+11.0%	+167.2%	+111.1%	+298.3%	+300.8%