Otsuka Holdings Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,620,516	2,468,892	2,329,861	2,018,568	1,737,998	1,498,276
Revenue Growth	9.11%	5.97%	15.42%	16.14%	16.00%	5.30%
Cost of Revenue	739,599	699,115	660,432	611,219	569,501	495,030
Gross Profit	1,880,917	1,769,777	1,669,429	1,407,349	1,168,497	1,003,246
Selling, General & Admin	1,066,464	1,004,505	958,345	807,355	724,129	622,326
Research & Development	362,109	352,838	314,233	307,804	275,230	232,299
Other Operating Expenses	-6,147	-7,559	-18,151	971	431	2,042
Operating Expenses	1,422,426	1,349,784	1,254,427	1,116,130	999,790	856,667
Operating Income	458,491	419,993	415,002	291,219	168,707	146,579
Interest Expense	-	-4,238	-6,182	-3,222	-3,322	-2,613
Interest & Investment Income	28,228	9,815	9,880	6,964	3,929	2,761
Earnings From Equity Investments	35,143	33,696	33,614	20,365	5,780	8,508
Currency Exchange Gain (Loss)	-11,957	-11,957	8,679	889	22,154	10,686
Other Non Operating Income (Expenses)	3,941	3,939	2,945	2,124	712	-99
EBT Excluding Unusual Items	513,846	451,248	463,938	318,339	197,960	165,822
Gain (Loss) on Sale of Investments	52,668	52,668	44	99	14,687	4,774
Gain (Loss) on Sale of Assets	-1,560	-1,560	-429	-974	1,896	93
Asset Writedown	-37,841	-34,320	-127,699	-174,810	-41,590	-7,052
Pretax Income	527,113	468,036	335,854	142,654	172,953	163,637
Income Tax Expense	118,219	101,821	-11,417	17,155	35,534	34,429
Earnings From Continuing Operations	408,894	366,215	347,271	125,499	137,419	129,208
Minority Interest in Earnings	-3,661	-3,065	-4,151	-3,883	-3,400	-3,745
Net Income	405,233	363,150	343,120	121,616	134,019	125,463
Net Income to Common	405,233	363,150	343,120	121,616	134,019	125,463
Net Income Growth	-0.89%	5.84%	182.13%	-9.25%	6.82%	-15.31%
Shares Outstanding (Basic)	528	530	541	543	543	542
Shares Outstanding (Diluted)	528	530	541	543	543	542
Shares Change	-1.58%	-2.09%	-0.24%	0.02%	0.03%	0.01%
EPS (Basic)	768.08	685.06	633.77	224.11	247.01	231.32
EPS (Diluted)	768.08	685.06	633.77	224.10	246.99	231.15
EPS Growth	0.71%	8.09%	182.81%	-9.27%	6.85%	-15.37%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	320,849	315,738	259,080	192,496	150,899	176,411
Free Cash Flow Per Share	608.14	595.62	478.54	354.71	278.13	325.25
Dividend Per Share	170.000	140.000	120.000	-	100.000	100.000
Dividend Growth	30.77%	16.67%	-	-	0%	0%
Gross Margin	71.78%	71.68%	71.65%	69.72%	67.23%	66.96%
Operating Margin	17.50%	17.01%	17.81%	14.43%	9.71%	9.78%
Profit Margin	15.46%	14.71%	14.73%	6.02%	7.71%	8.37%
Free Cash Flow Margin	12.24%	12.79%	11.12%	9.54%	8.68%	11.77%
EBITDA	580,976	536,160	522,981	388,996	262,468	231,434
EBITDA Margin	22.17%	21.72%	22.45%	19.27%	15.10%	15.45%
D&A For EBITDA	122,485	116,167	107,979	97,777	93,761	84,855
EBIT	458,491	419,993	415,002	291,219	168,707	146,579
EBIT Margin	17.50%	17.01%	17.81%	14.43%	9.71%	9.78%
Effective Tax Rate	22.43%	21.75%	-	12.03%	20.54%	21.04%