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Chugai Pharmaceutical (4519) investor relations material
Chugai Pharmaceutical Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record-high revenue, operating profit, and net income for FY2025, with revenue at JPY 1,257.9 billion (+7.5% YoY), core operating profit at JPY 623.2 billion (+12.1% YoY), and net income at JPY 451.0 billion (+13.6% YoY); operating margin reached 49.5%.
Growth was driven by strong exports of Actemra and Hemlibra, robust domestic sales, increased royalty income, and new product launches.
Management focused on strengthening R&D, accelerating open innovation, and advancing digital transformation, including AI-driven business transformation.
Opened a U.S. partnering office to enhance global innovation and collaboration.
Special dividends were paid for the 100th anniversary, resulting in a high payout ratio for 2025.
Financial highlights
Revenue: JPY 1,257.9 billion (+7.5% YoY); core operating profit: JPY 623.2 billion (+12.1% YoY); net income: JPY 451.0 billion (+13.6% YoY); EPS: JPY 274.02 (+13.6% YoY).
Domestic sales: JPY 472.4 billion (+2.5% YoY); overseas sales: JPY 605.4 billion (+12.8% YoY); other revenues, including royalties, rose to JPY 180.1 billion.
Cost to sales ratio improved to 32.6% in 2025; R&D expenses increased to JPY 180.1 billion (+1.8% YoY).
Operating profit margin reached a record 49.5%, up 2 percentage points year-on-year.
Positive foreign exchange impact added JPY 49.6 billion to revenue and JPY 44.2 billion to operating profit.
Outlook and guidance
FY2026 revenue forecast: JPY 1,345 billion (+6.9% YoY); core operating profit: JPY 670 billion (+7.5% YoY); core net income: JPY 485.0 billion (+7.5% YoY); core EPS: JPY 295.00 (+7.7% YoY).
Domestic product sales expected to rise by JPY 25.6 billion, offsetting NHI price revisions and generic competition; overseas sales to remain flat.
Dividend for 2025 set at JPY 272 per share (including 100th anniversary dividend); 2026 dividend forecast at JPY 132 per share, with a stable 45% payout ratio.
Strategic focus on accelerating R&D, digital transformation, and global product launches to achieve sustainable growth.
- TimeTickerHeadlineOpen
- 6 FebJOUT
Net sales up 31%, gross margin at 36.6%, and net loss narrowed to $3.3 million. - 6 FebPECO
Record 2025 occupancy and 7% Core FFO growth; 2026 targets 5.5% FFO growth and strong acquisitions. - 6 FebPROV
Q2 FY2026 net income rose 65% year-over-year, with higher margins and strong credit quality. - 6 FebNVDA
AI-driven digital twins and accelerated computing are set to revolutionize industrial design and manufacturing. - 6 FebCDP
2025 FFO/share rose 5.8% to $2.72, with strong leasing and investment; 2026 guidance signals more growth. - 6 FebCRI
Q1 2025 saw record revenue, a return to profit, and major new contracts in space technology. - 6 FebCRI
Net loss widened to 7.5m PLN in H1 2024 as revenue fell and R&D costs remained high. - 6 FebCRI
Net loss deepened on lower sales and higher costs, but major new contracts and restructuring are underway. - 6 FebEMBASSY
Record revenue, NOI, and distributions highlight strong growth and robust segment performance. - 6 FebCRI
Revenue fell and losses deepened, but ESA contracts and R&D projects drive future prospects.
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