Otsuka (4768) investor relations material

Executive summary

• Net sales for the six months ended June 30, 2026, rose 9.0% year-over-year to ¥757,498 million, with operating profit up 8.0% to ¥53,088 million and profit attributable to owners of parent up 8.4% to ¥36,982 million.

• Comprehensive income was ¥37,074 million, nearly flat year-over-year.

Financial highlights

• Gross profit increased to ¥138,542 million from ¥128,768 million year-over-year.

• Basic earnings per share for the period were ¥97.53, up from ¥90.00 a year earlier.

• Total assets grew to ¥823,297 million as of June 30, 2026, from ¥729,200 million at the previous year-end.

• Net assets increased to ¥419,329 million, with an equity ratio of 50.3%.

• Cash and cash equivalents at period-end were ¥258,955 million, up from ¥253,620 million at the start of the period.

Outlook and guidance

• Full-year 2026 net sales forecast is ¥1,379,000 million, up 4.2% year-over-year.

• Operating profit is projected at ¥94,300 million (+4.8%), ordinary profit at ¥96,100 million (+5.0%), and profit attributable to owners of parent at ¥64,900 million (+0.9%).

• Basic earnings per share for the full year are forecast at ¥171.15.

• Dividend forecast revised upward to ¥105.00 per share for the year.