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

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 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%

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