OTSUKA, 8% Increase in Ordinary Profit, Update Record High for Third Consecutive Term, Increased Previous Year's Dividend by 10 yen, This Fiscal Year to Increase Dividend by 5 yen

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Mon Feb 3, 2025 3:30 pm JST Earnings

4768 OTSUKA CORPORATION 【J-GAAP】

Earnings Report

OTSUKA CORPORATION <4768> [TSE Prime] announced its financial results after the market closed on February 3rd (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 increased 17.7% from the previous period to 75.9 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 8.3% to 82.2 billion yen, marking the third consecutive term of record-high profits. This will be the fifth consecutive term of revenue and the third consecutive term of profit growth.

At the same time, the company increased the annual dividend for the previous term from 70 yen to 80 yen (compared to 135 yen before the 2-for-1 forward stock split in the previous term), and has decided to increase the dividend this fiscal year to 85 yen, an increase of 5 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit increased 39.9% from the same period last year, reaching 21.9 billion yen. The operating profit margin improved from 6.6% in the same period last year to 7.8%.

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Actual Results

Historical Performance

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	1,107,668	74,360	75,931	53,481	141.0	80	Feb 3, 2025	J-GAAP
YoY	+13.3%	+18.1%	+17.7%	+12.7%	+12.7%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	1,055,000	69,500	70,500	48,700	128.4	70	Aug 1, 2024	J-GAAP
Dec, 2024 Results	1,107,668	74,360	75,931	53,481	141.0	80	Feb 3, 2025	J-GAAP
Revision Rate	+5.0%	+7.0%	+7.7%	+9.8%	+9.8%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	569,722	38,843	39,852	26,930	71.0	0	Aug 1, 2024	J-GAAP
Jan - Jun, 2025 Guidance	647,100	45,300	45,730	30,420	80.2	45	Feb 3, 2025	J-GAAP
YoY	+13.6%	+16.6%	+14.7%	+13.0%	+13.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	977,370	62,959	64,517	47,448	125.1	67.50	Feb 1, 2024	J-GAAP
Dec, 2024	1,107,668	74,360	75,931	53,481	141.0	80	Feb 3, 2025	J-GAAP
Dec, 2025 Guidance	1,213,000	82,300	82,200	55,000	145.0	85	Feb 3, 2025	J-GAAP
YoY	+9.5%	+10.7%	+8.3%	+2.8%	+2.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
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
Oct - Dec, 2024	285,406	22,191	21,916	16,850	44.4	7.8	Feb 3, 2025	J-GAAP
YoY	+20.3%	+42.5%	+39.9%	+17.7%	+17.7%