Otsuka (4768) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended September 30, 2024, rose 11.1% year-over-year to ¥822,262 million, with operating profit up 10.1% to ¥52,169 million and profit attributable to owners of parent up 10.5% to ¥36,631 million.

• Comprehensive income increased 5.4% year-over-year to ¥35,807 million.

Financial highlights

• Gross profit for the nine-month period was ¥163,879 million, up from ¥152,581 million year-over-year.

• Basic earnings per share (EPS) after stock split was ¥96.60, compared to ¥87.38 in the prior year period.

• Total assets increased to ¥635,679 million as of September 30, 2024, from ¥561,805 million at the end of 2023.

• Net assets rose to ¥356,967 million, with an equity ratio of 55.5%.

Outlook and guidance

• Full-year 2024 forecast projects net sales of ¥1,055,000 million (up 7.9% year-over-year), operating profit of ¥69,500 million (up 10.4%), and profit attributable to owners of parent of ¥48,700 million (up 2.6%).

• Forecasted basic EPS for the full year is ¥128.43 after stock split.