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Astellas Pharma (4503) investor relations material
Astellas Pharma Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved double-digit revenue growth (+10.2% YoY) and significant core operating profit increase (+48.6% YoY), driven by strong performance of strategic brands and cost optimization initiatives.
Upward revision of full-year forecasts for revenue, core operating profit, and full operating profit, reflecting robust business performance and continued momentum.
Strategic brands, including PADCEV, IZERVAY, VYLOY, VEOZAH, and XOSPATA, delivered substantial year-over-year sales growth, with PADCEV and VYLOY as key drivers.
Pipeline advanced with major regulatory approvals and positive clinical trial results, particularly for PADCEV, VYLOY, ASP3082, and ASP2138.
Gross profit increased 9.0% year-over-year to ¥1,286.6 billion.
Financial highlights
Revenue for Q3 YTD FY2025 reached ¥1,601.3 billion, up 10.2% year-over-year; core operating profit rose to ¥442.1 billion, up 48.6% year-over-year, with margin up to 27.6% (+7.1ppt YoY).
SG&A expenses decreased 1.0% year-over-year to ¥625.6 billion; R&D expenses fell 12.9% year-over-year to ¥218.9 billion, improving R&D ratio to 13.7%.
Free cash flow surged to ¥310.8 billion (Q3 YTD), up from ¥7.0 billion YoY; cash and equivalents increased to ¥254.3 billion.
Basic core earnings per share rose 48.6% year-over-year to ¥185.20.
On a full basis, profit for the period was ¥247.96 billion, reversing a loss of ¥24.15 billion in the prior year.
Outlook and guidance
Full-year FY2025 revenue forecast raised to ¥2,100 billion, up 3.4% from FY2024; core operating profit forecast increased to ¥520 billion (+6.1% YoY), and core profit to ¥385 billion (+5.5%).
Core OP margin expected to rise by 4.2 percentage points year-over-year to 24.8%.
R&D expenses projected at ¥315 billion, with increased late-stage development investments expected from Q4 and FY2026 onward.
No impairment indication as of Feb 2026.
Full basis profit forecast for FY2025 is ¥250 billion, up 38.9% year-over-year.
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Net profit surged 61.9% YoY on strong wireless, broadband, and AIDC growth. - S68
Record revenue, robust segment growth, and strong IPO pipeline drive positive outlook. - 6723
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Strong pachinko sales drove revenue growth, with major treasury stock cancellation planned. - BPT
H1 FY26 revenue hit $1B, with strong gas prices and LNG cargoes offsetting lower production. - CPAY
Record 2025 results and 2026 outlook driven by strong segment growth and capital deployment. - LOT
A$76M equity raise supports Kayelekera ramp-up and Letlhakane development amid strong uranium demand. - SYM
Revenue up 29% to $630M, net income $13.36M, $22.3B backlog, strong cash, legal risks persist. - TENB
Record 2025 results with double-digit growth, strong cash flow, and expanding AI-driven platform. - DHX
Q4 2025 revenue down 10% YoY; FY 2026 guidance targets $118M–$122M revenue.
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