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OTSUKA, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 5%, Raises Record High Profit Forecast

Fri Aug 1, 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 August 1st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) increased 25.7% from the same period last year, reaching 50.0 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 5.4%, from the previous forecast of 82.2 billion yen to 86.6 billion yen (compared to 75.9 billion yen in the previous period), increasing the growth rate from 8.3% to 14.1%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to grow 1.2% from the same period last year, reaching 36.5 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit grew 27.2% from the same period last year, reaching 28.2 billion yen. The operating profit margin remained almost flat, changing from 7.1% 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
Jan - Jun, 2023 521,056 36,712 37,623 25,417 67.0 58.3 Aug 1, 2023 J-GAAP
Jan - Jun, 2024 569,722 38,843 39,852 26,930 71.0 52.5 Aug 1, 2024 J-GAAP
Jan - Jun, 2025 695,132 49,173 50,099 34,127 90.0 57.9 Aug 1, 2025 J-GAAP
YoY +22.0% +26.6% +25.7% +26.7% +26.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 647,100 45,300 45,730 30,420 80.2 45 Feb 3, 2025 J-GAAP
Jan - Jun, 2025 Results 695,132 49,173 50,099 34,127 90.0 45 Aug 1, 2025 J-GAAP
Revision Rate +7.4% +8.5% +9.6% +12.2% +12.2%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 1,213,000 82,300 82,200 55,000 145.0 85 Feb 3, 2025 J-GAAP
Dec, 2025 New 1,261,000 86,200 86,600 58,700 154.8 85 Aug 1, 2025 J-GAAP
Revision Rate +4.0% +4.7% +5.4% +6.7% +6.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 537,946 35,517 36,079 26,551 70.0 80 Feb 3, 2025 J-GAAP
Jul - Dec, 2025 Guidance 565,868 37,027 36,501 24,573 64.8 40 Aug 1, 2025 J-GAAP
YoY +5.2% +4.3% +1.2% -7.4% -7.5%

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 1,261,000 86,200 86,600 58,700 154.8 85 Aug 1, 2025 J-GAAP
YoY +13.8% +15.9% +14.1% +9.8% +9.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 315,541 21,175 21,852 14,491 38.2 6.7 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 379,591 27,998 28,247 19,636 51.8 7.4 Aug 1, 2025 J-GAAP
YoY +25.3% +29.6% +27.2% +28.8% +28.7%

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