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Kobayashi Pharmaceutical (4967) investor relations material
Kobayashi Pharmaceutical Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 consolidated net sales rose 3.2% year-over-year to ¥33.6 billion, with both domestic and international sales increasing as planned.
Operating income dropped 46.7% year-over-year to ¥1.3 billion, mainly due to a significant increase in advertising expenses following the resumption of advertising in July 2025.
Net income declined 36.2% year-over-year to ¥1.0 billion.
Comprehensive income improved to ¥2,357 million from a loss of ¥2,052 million in the prior year.
Extraordinary loss of ¥0.3 billion related to red yeast rice products was offset by gains from the sale of investment securities.
Financial highlights
Gross profit increased 4.5% year-over-year to ¥17.4 billion, with a margin of 51.8%.
Ordinary income fell 30.4% year-over-year to ¥1.6 billion.
EBITDA decreased 23.6% year-over-year to ¥3.6 billion.
Advertising expenses surged 186.2% year-over-year to ¥3.0 billion.
Basic earnings per share dropped to ¥13.95 from ¥21.86 year-over-year.
Outlook and guidance
Full-year forecast remains unchanged: net sales projected at ¥173.0 billion (+4.4%), operating income at ¥12.5 billion (-16.2%), and net income at ¥10.0 billion (+173.5%).
Dividend forecast raised to ¥106 per share.
- Profits plunged on impairment and recall losses, but FY2026 net income is set for a strong rebound.4967
Q4 20259 Mar 2026 - Recall-related losses drove profit plunge, but international sales remained strong.4967
Q2 202410 Feb 2026 - Sharp profit decline from recall and compensation costs, despite U.S. sales growth.4967
Q3 202410 Feb 2026 - Product recall drives sharp profit decline; restructuring and quality investments planned.4967
Q4 202410 Feb 2026 - Sales and profits fell in H1 FY2025, but net income rebounded and reforms support gradual recovery.4967
Q2 202510 Feb 2026 - Sales and profits fell sharply on recall impact, but net income rose and guidance is unchanged.4967
Q1 202510 Feb 2026 - Sales and profit fell YoY on recall costs, but net income rose; outlook and dividends unchanged.4967
Q3 202510 Feb 2026
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