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Shionogi & Co (4507) investor relations material
Shionogi & Co Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 FY2026 revenue reached a record ¥350.4bn, up 64.5% YoY; operating profit and profit attributable to owners also set first-half records.
Growth investments and existing businesses supported stronger results; the edaravone acquisition expanded rare-disease capabilities, while ViiV equity-method earnings increased.
Financial highlights
H1 revenue was ¥350,377m (+64.5% YoY), operating profit ¥115,244m (+55.8%), core operating profit ¥132,694m (+75.7%) and EBITDA ¥174,556m (+103.4%).
Profit before tax rose 9.9% to ¥107,257m; profit attributable to owners rose 44.0% to ¥119,546m, with basic EPS of ¥140.47 versus ¥97.55.
Revenue exceeded the ¥340.0bn forecast; operating profit was ¥115.2bn versus ¥96.0bn forecast, and attributable profit was ¥119.5bn versus ¥108.0bn.
Operating cash flow was ¥142,166m; investing cash outflow was ¥434,663m, including ¥390,757m for the edaravone acquisition. Cash and equivalents fell ¥332,075m to ¥376,482m.
Q2 revenue rose 14.5% QoQ to ¥187.1bn; operating margin expanded 2.8 percentage points to 34.2%.
Outlook and guidance
Full-year guidance increased to revenue ¥720bn, operating profit ¥230bn, profit before tax ¥220.5bn and attributable profit ¥212.5bn; EBITDA guidance rose to ¥336bn.
Revenue and operating profit forecasts rose ¥20bn and ¥10bn, respectively; overseas subsidiaries/exports and royalty assumptions improved.
Domestic prescription-drug guidance fell ¥6.7bn to ¥172bn, reflecting acute respiratory infection drug shortfalls and slower Zurzuvae progress; forecast H2 operating profit was reduced ¥9.2bn to ¥114.8bn.
Forecasts include expected AQNEURSA sales, inventory costs and IntraBio intangible amortization; closing was expected in November–December 2026, subject to approvals and conditions.
SG&A is expected to rise with IntraBio amortization and U.S. growth investment; pipeline prioritization and cost control are planned.
- Robust pipeline advances in infectious and QOL diseases drive growth and global expansion.4507
R&D Day 2024 presentation - Acquisition of JT Pharma, TORII, and Akros accelerates global R&D and innovation leadership.4507
M&A presentation - Global healthcare transformation targets 2030, powered by innovation and strengthened governance.4507
Sustainability presentation - Record Q1 revenue and profit growth driven by acquisitions and global sales expansion.4507
Q1 2027 - Strong ROE and growth-focused strategies drive value, supported by robust governance and IR.4507
Investor presentation - Record revenue and profit growth driven by M&A, royalties, and new product launches.4507
Q4 2026 - Record revenue and profit growth, driven by HIV, acquisitions, and strategic investments.4507
Q3 2026 - Profit growth driven by HIV, overseas, and royalty income, with upward profit forecast revisions.4507
Q2 2026 - Profit and revenue grew on HIV franchise and royalty income, with strong outlook and stable guidance.4507
Q1 2026
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