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Astellas Pharma (4503) investor relations material

Astellas Pharma Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 earnings summary30 Jul, 2025

Executive summary

  • Q1 FY2025 delivered exceptional revenue and profit growth, surpassing expectations, driven by strategic brands, new product launches, and cost optimization initiatives.

  • Underlying revenue grew 12% year-on-year excluding FX impact, with strategic brands achieving 57% underlying growth.

  • Core operating profit margin rose to 28.1%, up 9.5 percentage points year-on-year.

  • Pipeline advanced with key proof-of-concept milestones and exclusive license agreements, including for ASP5460/Claudin 18.2 therapies.

  • All major regions reported revenue growth, with China up 57.8% year-on-year.

Financial highlights

  • Revenue reached ¥505.8 billion, up 6.9% year-on-year; core operating profit rose to ¥142.3 billion, up 61.1%.

  • Net profit grew 82% year-on-year to ¥68.4 billion; basic EPS increased 82% to ¥38.22.

  • SG&A expenses fell 4.8% to ¥197.0 billion, with the SG&A ratio improving by 4.2ppt to 26.5%.

  • R&D expenses decreased 17.4% to ¥71.7 billion, with the R&D ratio at 14.2%.

  • FX headwinds reduced revenue by ¥26.1 billion and core OP by ¥7.1 billion in Q1.

Outlook and guidance

  • Positive growth momentum is expected to continue throughout FY2025, with strategic brands driving revenue and profit.

  • Full-year guidance will be reviewed in Q2, considering strong Q1 performance.

  • R&D investments to expand from Q2 onwards, aligned with further proof-of-concept achievements.

  • FX rate assumptions for FY2025: 140 yen/USD, 160 yen/EUR; actual Q1 rates were 145 yen/USD, 164 yen/EUR.

  • Estimated FX sensitivity: 1 yen depreciation in USD adds ¥7.8B revenue and ¥1.7B core OP.

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Frequently asked questions

Astellas Pharma Inc., is a Japanese multinational pharmaceutical company that emerged from the merger between Yamanouchi Pharmaceutical Co., Ltd. and Fujisawa Pharmaceutical Co., Ltd. in 2005. Astellas focuses on several key therapeutic areas including oncology, urology, immunology, cardiology, and infectious diseases, with a priority on research and development in infectious diseases, diabetes, gastrointestinal diseases, oncology, and central nervous system diseases. Astellas Pharma Inc. is headquartered in Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange.

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