Otsuka, Last Fiscal Year Net Income Revised Upward by 43%, Exceeded Record Profit Forecast

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Fri Feb 7, 2025 4:00 pm JST Revision

4578 Otsuka Holdings Co., Ltd. 【IFRS】

Guidance Update Report

Otsuka Holdings Co., Ltd. <4578> [TSE Prime] announced a performance revision after the market closed on February 7th (16:00). The consolidated net income for the fiscal year ending December 2024 has been revised upward 42.9%, from the previous forecast of 240 billion yen to 343 billion yen (compared to 121 billion yen in the previous period), increasing the growth rate from 97.3% to 2.8 times. The company has further increased its previous forecast of record profits for the first time in eleven years.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (2H) consolidated net income is expected to increase 77.9%, from the previous forecast of 132 billion yen to 235 billion yen (compared to 19 billion yen in the same period of the previous year), increasing the growth rate from 7.0 times to 12 times.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	1,201,070	193,721	172,805	132,205	246.2	60	Oct 31, 2024	IFRS
Jul - Dec, 2024 New	1,211,070	196,721	192,805	235,205	434.4	60	Feb 7, 2025	IFRS
Revision Rate	+0.8%	+1.5%	+11.6%	+77.9%	+76.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	2,310,000	320,000	315,000	240,000	446.9	120	Oct 31, 2024	IFRS
Dec, 2024 New	2,320,000	323,000	335,000	343,000	633.5	120	Feb 7, 2025	IFRS
Revision Rate	+0.4%	+0.9%	+6.3%	+42.9%	+41.8%

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	1,071,031	8,922	3,822	19,022	35.1	60	Feb 14, 2024	IFRS
Jul - Dec, 2024 Guidance	1,211,070	196,721	192,805	235,205	434.4	60	Feb 7, 2025	IFRS
YoY	+13.1%	+2,104.9%	+4,944.6%	+1,136.5%	+1,139.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	1,737,998	150,323	172,954	133,906	246.8	100	Feb 14, 2023	IFRS
Dec, 2023	2,018,568	139,612	142,655	121,616	224.1	110	Feb 14, 2024	IFRS
Dec, 2024 Guidance	2,320,000	323,000	335,000	343,000	633.5	120	Feb 7, 2025	IFRS
YoY	+14.9%	+131.4%	+134.8%	+182.0%	+182.7%