Financials Otsuka Holdings Co., Ltd.

Equities

4578

JP3188220002

Pharmaceuticals

Market Closed - Japan Exchange Other stock markets 06:30:00 13/02/2026 GMT			5-day change	1st Jan Change
10,585.00 ^JPY	+7.23%		+13.28%	+19.29%

02-14	Otsuka Holdings Co., Ltd., 2025 Earnings Call, Feb 13, 2026
02-13	Otsuka Holdings Co., Ltd. Announces Dividend for the Fiscal Year Ended December 31, 2025, Payable on March 30, 2026	CI

Projected Income Statement: Otsuka Holdings Co., Ltd.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	1,422,826	1,498,276	1,737,998	2,018,568	2,329,861	2,468,892	2,468,677	2,527,501
Change	-	5.3%	16%	16.14%	15.42%	5.97%	-0.01%	2.38%
EBITDA ¹	278,005	239,352	244,084	237,389	431,543	595,542	492,050	508,468
Change	-	-13.9%	1.98%	-2.74%	81.79%	38%	-17.38%	3.34%
EBIT ¹	198,582	154,497	150,323	139,612	323,564	479,375	386,016	399,237
Change	-	-22.2%	-2.7%	-7.13%	131.76%	48.15%	-19.48%	3.42%
Interest Paid ¹	-8,595	-4,840	-6,063	-6,523	-8,791	-27,033	-3,200	-3,200
Earnings before Tax (EBT) ¹	189,988	163,638	172,954	142,655	335,854	468,037	379,176	409,144
Change	-	-13.87%	5.69%	-17.52%	135.43%	39.36%	-18.99%	7.9%
Net income ¹	148,137	125,463	134,019	121,616	343,120	363,150	290,542	293,564
Change	-	-15.31%	6.82%	-9.25%	182.13%	5.84%	-19.99%	1.04%
Announcement Date	12/02/21	10/02/22	14/02/23	14/02/24	14/02/25	13/02/26	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	371,516	355,867	336,789	382,026	388,602	390,859	380,308	433,999	451,812	471,879	448,344	499,193	531,543	539,488	519,517	589,413	621,146	599,785	582,840	597,926	637,977	610,843	563,200	634,800	608,300	683,000
Change	-	-4.21%	-5.36%	13.43%	1.72%	0.58%	-2.7%	14.12%	4.1%	4.44%	-4.99%	11.34%	6.48%	1.49%	-3.7%	13.45%	5.38%	-3.44%	-2.83%	2.59%	6.7%	-4.25%	-7.8%	12.71%	-4.17%	12.28%
EBITDA ¹	-	-	-	-	-	-	-	-	-	-	-	-	-	-35,534	118,085	61,596	161,783	90,079	151,556	145,720	193,789	116,559	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	432.32%	-47.84%	162.65%	-44.32%	68.25%	-3.85%	32.99%	-39.85%	-	-	-	-
EBIT ¹	53,687	26,887	50,092	61,077	46,961	7,278	20,749	46,397	58,548	35,475	76,779	53,911	71,960	-63,038	92,021	34,258	134,766	62,519	124,420	117,698	165,303	60,342	88,200	86,200	97,700	89,900
Change	-	-49.92%	86.31%	21.93%	-23.11%	-84.5%	185.09%	123.61%	26.19%	-39.41%	116.43%	-29.78%	33.48%	-187.6%	245.98%	-62.77%	293.39%	-53.61%	99.01%	-5.4%	40.45%	-63.5%	46.17%	-2.27%	13.34%	-7.98%
Charge d'intérêts	-2,723	-1,890	-1,606	-1,035	-237	-	-1,036	-1,617	-1,494	-2,037	-1,421	-	-1,598	-	-2,034	-	-8,886	-	-13,745	-	-1,345	-	-	-	-	-
Earnings before Tax (EBT) ¹	51,114	24,998	58,001	61,206	47,101	-2,670	30,985	61,803	53,211	26,955	79,242	59,591	74,375	-70,553	100,079	42,116	113,820	79,839	113,367	112,976	166,429	47,340	-	-	-	-
Change	-	-51.09%	132.02%	5.53%	-23.05%	-105.67%	1,260.49%	99.46%	-13.9%	-49.34%	193.98%	-24.8%	24.81%	-194.86%	241.85%	-57.92%	170.25%	-29.86%	41.99%	-0.34%	47.31%	-71.56%	-	-	-	-
Net income ¹	40,956	20,371	44,682	46,725	35,241	-1,185	23,255	46,498	41,277	22,989	61,430	41,164	59,119	-40,097	77,377	30,418	83,877	151,448	84,997	88,532	124,129	48,998	-	-	-	-
Change	-	-50.26%	119.34%	4.57%	-24.58%	-103.36%	2,062.45%	99.95%	-11.23%	-44.31%	167.21%	-32.99%	43.62%	-167.82%	292.97%	-60.69%	175.75%	80.56%	-43.88%	4.16%	40.21%	-60.53%	-	-	-	-
Announcement Date	13/11/20	12/02/21	13/05/21	06/08/21	12/11/21	10/02/22	13/05/22	29/07/22	31/10/22	14/02/23	12/05/23	31/07/23	31/10/23	14/02/24	30/04/24	31/07/24	31/10/24	14/02/25	30/04/25	31/07/25	31/10/25	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2021 S1	2022 S1	2023 S1	2024 S1	2025 S1
Net sales ¹	718,815	814,307	947,537	1,108,930	1,180,766
Change	-	13.28%	16.36%	17.03%	6.48%
EBITDA	-	-	-	-	-
Change	-	-	-	-	-
EBIT ¹	111,169	67,146	130,690	126,279	242,118
Change	-	-39.6%	94.64%	-3.38%	91.73%
Charge d'intérêts ¹	-2,641	-2,532	-2,395	-4,665	-23,477
Earnings before Tax (EBT) ¹	119,207	92,788	138,833	142,195	226,343
Change	-	-22.16%	49.62%	2.42%	59.18%
Net income ¹	91,407	69,753	102,594	107,795	173,529
Change	-	-23.69%	47.08%	5.07%	60.98%
Announcement Date	06/08/21	29/07/22	31/07/23	31/07/24	31/07/25

¹JPY in Million

Estimates

Forecast Balance Sheet: Otsuka Holdings Co., Ltd.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-175,692	-275,053	-277,475	-374,716	-236,790	-364,862	-480,000	-612,058
Change	-	-56.55%	-0.88%	-35.04%	36.81%	-54.09%	-31.56%	-27.51%
Announcement Date	12/02/21	10/02/22	14/02/23	14/02/24	14/02/25	13/02/26	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Otsuka Holdings Co., Ltd.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	122,797	111,455	139,319	210,988	129,362	202,740	189,450	178,783
Change	-	-9.24%	25%	51.44%	-38.69%	56.72%	-6.56%	-5.63%
Free Cash Flow (FCF) ¹	110,042	117,409	130,273	72,244	88,845	224,952	211,818	235,970
Change	-	6.69%	10.96%	-44.54%	22.98%	153.2%	-5.84%	11.4%
Announcement Date	12/02/21	10/02/22	14/02/23	14/02/24	14/02/25	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Otsuka Holdings Co., Ltd.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	19.54%	15.98%	14.04%	11.76%	18.52%	24.12%	19.93%	20.12%
EBIT Margin (%)	13.96%	10.31%	8.65%	6.92%	13.89%	19.42%	15.64%	15.8%
EBT Margin (%)	13.35%	10.92%	9.95%	7.07%	14.42%	18.96%	15.36%	16.19%
Net margin (%)	10.41%	8.37%	7.71%	6.02%	14.73%	14.71%	11.77%	11.61%
FCF margin (%)	7.73%	7.84%	7.5%	3.58%	3.81%	9.27%	8.58%	9.34%
FCF / Net Income (%)	74.28%	93.58%	97.2%	59.4%	25.89%	66.53%	72.9%	80.38%
Profitability
ROA	7.29%	6.01%	5.84%	4.41%	9.46%	11.79%	7.8%	7.82%
ROE	8.2%	6.5%	6.3%	5.3%	13.4%	12.6%	9.47%	9.14%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	8.63%	7.44%	8.02%	10.45%	5.55%	8.35%	7.67%	7.07%
CAPEX / EBITDA (%)	44.17%	46.57%	57.08%	88.88%	29.98%	34.65%	38.5%	35.16%
CAPEX / FCF (%)	111.59%	94.93%	106.94%	292.05%	145.6%	90.13%	89.44%	75.77%
Items per share
Cash flow per share ¹	419.6	387.8	419.8	404.3	833.2	904.2	821.2	752.4
Change	-	-7.59%	8.27%	-3.7%	106.09%	8.52%	-24.52%	-8.38%
Dividend per Share ¹	100	100	100	110	120	142.7	140	150.8
Change	-	0%	0%	10%	9.09%	18.94%	-1.91%	7.71%
Book Value Per Share ¹	3,416	3,708	4,101	4,411	5,090	5,744	5,941	6,348
Change	-	8.55%	10.61%	7.55%	15.39%	12.85%	6.88%	6.85%
EPS ¹	273.2	231.3	247	224.1	633.8	685.1	547.7	559.5
Change	-	-15.31%	6.78%	-9.27%	182.8%	8.09%	-13.51%	2.16%
Nbr of stocks (in thousands)	542,338	542,401	542,634	542,686	537,093	528,131	528,131	528,131
Announcement Date	12/02/21	10/02/22	14/02/23	14/02/24	14/02/25	13/02/26	-	-