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Otsuka, Net Income Forecast for the Fiscal Year Revised Upward by 20%, Dividend Revised Upward by 20 Yen

Thu Jul 31, 2025 1:30 pm JST Earnings

4578 Otsuka Holdings Co., Ltd. 【IFRS】

Earnings Report

Otsuka Holdings Co., Ltd. <4578> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on July 31st (13:30). The consolidated net income for the cumulative second quarter of the fiscal year ending December 2025 (January to June) expanded 173 billion yen, an increase 61.0% compared to the same period last year.

In addition, the full-year forecast for consolidated net income has been revised upward 20.0%, from the previous forecast of 275 billion yen to 330 billion yen (compared to 343 billion yen in the previous period), and the declining rate is expected to decrease from 19.9% to 3.8%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the July to December period (second half) is expected to drop 33.5% from the same period last year to 156 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 120 yen to 140 yen (compared to 120 yen in the previous period).

In the most recent three-month period, from April to June (2Q), the consolidated net income surged 2.9 times that of the same period last year, reaching 88.5 billion yen. The operating profit margin drastically improved from 5.8% in the same period last year to 19.7%.

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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 947,537 130,690 138,833 102,594 189.1 97.3 Jul 31, 2023 IFRS
Jan - Jun, 2024 1,108,930 126,279 142,195 107,795 198.6 42.3 Aug 1, 2024 IFRS
Jan - Jun, 2025 1,180,766 242,118 226,343 173,529 326.1 ー Jul 31, 2025 IFRS
YoY +6.5% +91.7% +59.2% +61.0% +64.2%

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 1,180,000 242,000 226,000 173,000 327.6 60 Jul 29, 2025 IFRS
Jan - Jun, 2025 Results 1,180,766 242,118 226,343 173,529 326.1 70 Jul 31, 2025 IFRS
Revision Rate +0.1% +0.0% +0.2% +0.3% -0.4%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 2,380,000 375,000 ー 275,000 520.7 120 Feb 14, 2025 IFRS
Dec, 2025 New 2,380,000 450,000 ー 330,000 624.8 140 Jul 31, 2025 IFRS
Revision Rate 0.0% +20.0% － +20.0% +20.0%

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 1,220,931 197,285 193,659 235,325 434.7 60 Feb 14, 2025 IFRS
Jul - Dec, 2025 Guidance 1,199,234 207,882 ー 156,471 296.3 70 Jul 31, 2025 IFRS
YoY -1.8% +5.4% － -33.5% -31.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 2,018,568 139,612 142,655 121,616 224.1 110 Feb 14, 2024 IFRS
Dec, 2024 2,329,861 323,564 335,854 343,120 633.8 120 Feb 14, 2025 IFRS
Dec, 2025 Guidance 2,380,000 450,000 ー 330,000 624.8 140 Jul 31, 2025 IFRS
YoY +2.2% +39.1% － -3.8% -1.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 589,413 34,258 42,116 30,418 56.0 5.8 Aug 1, 2024 IFRS
Jul - Sep, 2024 621,146 134,766 113,820 83,877 154.6 21.7 Oct 31, 2024 IFRS
Oct - Dec, 2024 599,785 62,519 79,839 151,448 279.7 10.4 Feb 14, 2025 IFRS
Jan - Mar, 2025 582,840 124,420 113,367 84,997 158.6 21.3 Apr 30, 2025 IFRS
Apr - Jun, 2025 597,926 117,698 112,976 88,532 166.4 19.7 Jul 31, 2025 IFRS
YoY +1.4% +243.6% +168.2% +191.1% +196.9%

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