Otsuka (4768) Q2 2025 earnings summary

Executive summary

• Consolidated net sales for Jan–Jun 2025 reached ¥695.1 billion, up 22.0% year-over-year and 107.4% of plan.

• Operating profit rose 26.6% year-over-year to ¥49.2 billion, with ordinary profit up 25.7% to ¥50.1 billion.

• Profit attributable to owners of parent increased 26.7% to ¥34.1 billion.

• Comprehensive income increased 36.1% year-over-year to ¥36,992 million.

• S&S business and SI business both showed well-balanced expansion, with S&S gross profit up 18.9% year-over-year.

Financial highlights

• Non-consolidated net sales for Jan–Jun 2025 were ¥617.1 billion, up 19.6% year-over-year.

• April–June 2025 consolidated net sales were ¥379.6 billion, up 25.3% year-over-year; operating profit rose 29.6%.

• Gross profit for the period was ¥128,768 million, up from ¥113,327 million in the prior year.

• Basic earnings per share for the six months was ¥90.00, reflecting a two-for-one stock split.

• Total assets increased to ¥729,857 million as of June 30, 2025, from ¥673,903 million at the end of 2024.

Outlook and guidance

• Revised full-year consolidated net sales plan to ¥1,261 billion (+13.8% YoY), operating profit to ¥86.2 billion (+15.9% YoY), and profit attributable to owners of parent at ¥58.7 billion (+9.8% YoY).

• Basic earnings per share for the full year is projected at ¥154.80.

• Dividend per share planned at ¥85.00, with a payout ratio of 53.9%.

• Management targets stable growth, maintaining operating and ordinary profit ratios at 7% or more.