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Shionogi & Co (4507) investor relations material
Shionogi & Co Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for the first half of FY2025 was ¥212.97 billion, down 0.5% year-over-year, mainly due to lower domestic prescription drug sales as COVID-19 demand subsided.
Profit before tax rose 4.9% to ¥98.38 billion, and profit attributable to owners increased 0.5% to ¥83.54 billion, driven by higher finance income and cost management.
Torii Pharmaceutical was consolidated as a subsidiary in September 2025, contributing to asset and equity growth.
Key initiatives included expansion of long-acting injectable HIV formulations, regulatory progress for Ensitrelvir in the US and Europe, and ongoing M&A activity.
Financial highlights
Operating profit for 1H FY2025 was ¥74.77 billion, down 1.4% year-over-year.
EBITDA was ¥85.84 billion, a 1.0% decrease from the prior year.
Gross profit remained stable at ¥183.71 billion.
Main revenue increases came from royalty income and overseas subsidiaries, while prescription drug sales declined.
SG&A rose due to US business and PMI costs; R&D expenses fell as large trials in FY2024 concluded.
Outlook and guidance
FY2025 full-year revenue forecast revised down to ¥500.0 billion, but all profit metrics revised upward.
Revised operating profit: ¥185.0 billion (+18.1% YoY), profit before tax: ¥232.0 billion (+15.6%), profit attributable to owners: ¥188.0 billion (+10.3%).
Basic EPS forecast raised to ¥220.94.
Upward revision driven by strong HIV royalties, overseas sales, and cost management; prescription drug outlook lowered due to delays in acute respiratory infection treatments.
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