Otsuka (4768) Q4 2024 earnings summary

Executive summary

• Consolidated net sales for FY2024 reached ¥1,107,668 million, up 13.3% year-over-year, with operating profit at ¥74,360 million (+18.1%) and profit attributable to owners at ¥53,481 million (+12.7%).

• Q4 2024 saw net sales of ¥285,405 million (+20.3% YoY) and operating profit of ¥22,191 million (+42.5% YoY).

• Comprehensive income for FY2024 was ¥54,087 million, a 12.5% increase from the previous year.

• The company surpassed ¥1 trillion in consolidated sales for the first time, marking a significant milestone.

Financial highlights

• Gross profit increased to ¥224,471 million in FY2024 from ¥203,978 million in FY2023.

• Ordinary profit rose 17.7% year-over-year to ¥75,931 million.

• Basic earnings per share (EPS) was ¥141.04, calculated post-stock split.

• Total assets grew to ¥673,903 million as of December 31, 2024, from ¥561,805 million a year earlier.

• Cash and cash equivalents at year-end were ¥229,488 million.

Outlook and guidance

• FY2025 consolidated net sales are planned at ¥1,213,000 million, with operating profit of ¥82,300 million and profit attributable to owners at ¥55,000 million.

• SI business and S&S business are projected to grow to ¥807,900 million and ¥405,100 million in net sales, respectively.

• Annual dividend forecast for FY2025 is ¥85.00 per share (post-stock split basis).

• Management aims for stable growth, productivity improvements, and continued digital transformation and AI utilization.