Otsuka (4768) Q1 2025 earnings summary

Executive summary

• Consolidated net sales for Q1 2025 reached 315.5 billion yen, up 18.3% year-over-year, marking a new record high for the third consecutive year.

• Operating profit rose 22.8% to 21.1 billion yen, and profit attributable to owners of parent increased 24.1% to 14.4 billion yen, both setting new records.

• Comprehensive income increased 32.7% year-over-year to 16,009 million yen.

• The largest-ever quarterly sales increase was recorded at 48.8 billion yen, driven by strong PC sales and robust demand related to Windows 10 EOS upgrades.

Financial highlights

• Net sales: 315,541 million yen (+18.3% YoY); Operating profit: 21,175 million yen (+22.8% YoY); Ordinary profit: 21,852 million yen (+23.9% YoY); Profit attributable to owners of parent: 14,491 million yen (+24.1% YoY).

• Gross profit for Q1 2025 was 60,087 million yen, up from 53,583 million yen in Q1 2024.

• Basic earnings per share for Q1 2025 was 38.22 yen, reflecting a two-for-one stock split.

• Total assets as of March 31, 2025 were 685,990 million yen, up from 673,903 million yen at the end of 2024.

• Net assets decreased to 360,697 million yen from 375,247 million yen at year-end 2024.

Outlook and guidance

• FY2025 full-year plan: Net sales of 1,213,000 million yen, operating profit of 82,300 million yen, ordinary profit of 82,200 million yen, and profit attributable to owners of parent of 55,000 million yen.

• Basic earnings per share for the year is forecast at 145.04 yen.