Otsuka (4768) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended June 30, 2025, rose 22.0% year-over-year to ¥695,132 million, with operating profit up 26.6% to ¥49,173 million and profit attributable to owners of parent up 26.7% to ¥34,127 million.

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

Financial highlights

• 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.

• Net cash provided by operating activities was ¥45,190 million, while cash and cash equivalents at period end were ¥235,003 million.

Outlook and guidance

• Full-year 2025 net sales forecast is ¥1,261,000 million, up 13.8% year-over-year, with operating profit expected at ¥86,200 million (up 15.9%) and profit attributable to owners of parent at ¥58,700 million (up 9.8%).

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

• Dividend forecast for 2025 is ¥85.00 per share.