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OTSUKA CORPORATION, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 11%, July-September Ordinary Profit Increases by 26%

Thu Oct 31, 2024 3:00 pm JST Earnings

4768 OTSUKA CORPORATION 【J-GAAP】

Earnings Report

OTSUKA CORPORATION <4768> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 10.6% from the same period last year, reaching 54 billion yen. The progress rate against the 70.5 billion yen full-year plan was 76.6%, also surpassing the five-year average of 74.5%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to grow by 5.2% from the same period last year, reaching 16.4 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 26.2% from the same period last year, reaching 14.1 billion yen. The operating profit margin improved from 4.9% in the same period last year to 5.3%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 642,199 40,090 41,542 29,739 78.4 73.3 Oct 31, 2022 J-GAAP
Jan - Sep, 2023 740,058 47,390 48,846 33,135 87.4 75.7 Oct 31, 2023 J-GAAP
Jan - Sep, 2024 822,262 52,169 54,015 36,631 96.6 76.6 Oct 31, 2024 J-GAAP
YoY +11.1% +10.1% +10.6% +10.6% +10.5%

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 456,314 26,247 26,894 22,031 58.1 67.50 Feb 1, 2024 J-GAAP
Jul - Dec, 2024 Guidance 485,278 30,657 30,648 21,770 57.4 70 Aug 1, 2024 J-GAAP
YoY +6.3% +16.8% +14.0% -1.2% -1.2%

Current Period Guidance

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 Guidance 1,055,000 69,500 70,500 48,700 128.4 70 Aug 1, 2024 J-GAAP
YoY +7.9% +10.4% +9.3% +2.6% +2.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 219,002 10,678 11,223 7,718 20.4 4.9 Oct 31, 2023 J-GAAP
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
YoY +15.3% +24.8% +26.2% +25.7% +25.6%

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