Otsuka Holdings Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Revenue	2,401,697	2,329,861	2,018,568	1,737,998	1,498,276	1,422,826	Upgrade
Revenue Growth (YoY)	10.17%	15.42%	16.14%	16.00%	5.30%	1.90%	Upgrade
Cost of Revenue	669,646	660,432	611,219	569,501	495,030	439,749	Upgrade
Gross Profit	1,732,051	1,669,429	1,407,349	1,168,497	1,003,246	983,077	Upgrade
Selling, General & Admin	973,546	958,345	807,355	724,129	622,326	562,434	Upgrade
Research & Development	333,187	314,233	307,804	275,230	232,299	216,841	Upgrade
Other Operating Expenses	-5,838	-18,151	521	-16,927	2,042	-7,805	Upgrade
Operating Expenses	1,300,895	1,254,427	1,115,680	982,432	856,667	771,470	Upgrade
Operating Income	431,156	415,002	291,669	186,065	146,579	211,607	Upgrade
Interest Expense	-27,603	-6,182	-6,523	-6,063	-2,613	-10,960	Upgrade
Interest & Investment Income	8,202	9,880	9,566	28,693	2,761	3,661	Upgrade
Earnings From Equity Investments	33,799	33,614	20,365	5,780	8,508	13,087	Upgrade
Currency Exchange Gain (Loss)	-	8,679	-	-	10,686	-	Upgrade
Other Non Operating Income (Expenses)	-4	2,945	-4	-2	-99	-2	Upgrade
EBT Excluding Unusual Items	445,550	463,938	315,073	214,473	165,822	217,393	Upgrade
Merger & Restructuring Charges	-3,053	-	-	-	-	-	Upgrade
Impairment of Goodwill	-	-	-12,707	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	-	44	-	-	4,774	-	Upgrade
Gain (Loss) on Sale of Assets	-	-429	-	-	93	-	Upgrade
Asset Writedown	-19,658	-127,699	-159,712	-41,521	-7,052	-26,110	Upgrade
Other Unusual Items	-	-	-	-	-	-1,296	Upgrade
Pretax Income	420,002	335,854	142,654	172,952	163,637	189,987	Upgrade
Income Tax Expense	7,492	-11,417	17,155	35,673	34,429	38,254	Upgrade
Earnings From Continuing Operations	412,510	347,271	125,499	137,279	129,208	151,733	Upgrade
Minority Interest in Earnings	-3,656	-4,151	-3,883	-3,373	-3,745	-3,596	Upgrade
Net Income	408,854	343,120	121,616	133,906	125,463	148,137	Upgrade
Net Income to Common	408,854	343,120	121,616	133,906	125,463	148,137	Upgrade
Net Income Growth	222.40%	182.13%	-9.18%	6.73%	-15.31%	16.50%	Upgrade
Shares Outstanding (Basic)	536	541	543	543	542	542	Upgrade
Shares Outstanding (Diluted)	536	541	543	543	542	542	Upgrade
Shares Change (YoY)	-1.22%	-0.24%	0.02%	0.03%	0.01%	0.04%	Upgrade
EPS (Basic)	762.67	633.77	224.10	246.80	231.32	273.15	Upgrade
EPS (Diluted)	762.67	633.77	224.10	246.80	231.15	273.15	Upgrade
EPS Growth	226.39%	182.81%	-9.20%	6.77%	-15.37%	16.46%	Upgrade
Free Cash Flow	340,797	259,080	-	-	176,411	-	Upgrade
Free Cash Flow Per Share	635.72	478.54	-	-	325.25	-	Upgrade
Dividend Per Share	130.000	-	110.000	-	100.000	100.000	Upgrade
Dividend Growth	8.33%	-	-	-	-	-	Upgrade
Gross Margin	72.12%	71.65%	69.72%	67.23%	66.96%	69.09%	Upgrade
Operating Margin	17.95%	17.81%	14.45%	10.71%	9.78%	14.87%	Upgrade
Profit Margin	17.02%	14.73%	6.02%	7.70%	8.37%	10.41%	Upgrade
Free Cash Flow Margin	14.19%	11.12%	-	-	11.77%	-	Upgrade
EBITDA	540,891	522,981	385,366	279,826	231,434	291,030	Upgrade
EBITDA Margin	22.52%	22.45%	19.09%	16.10%	15.45%	20.45%	Upgrade
D&A For EBITDA	109,735	107,979	93,697	93,761	84,855	79,423	Upgrade
EBIT	431,156	415,002	291,669	186,065	146,579	211,607	Upgrade
EBIT Margin	17.95%	17.81%	14.45%	10.71%	9.78%	14.87%	Upgrade
Effective Tax Rate	1.78%	-	12.03%	20.63%	21.04%	20.14%	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.