Otsuka
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Otsuka (4768) investor relations material

Otsuka Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary2 Feb, 2026

Executive summary

  • Consolidated net sales for FY2025 reached ¥1,322,791 million, up 19.4% year-over-year, with operating profit up 21.0% to ¥89,943 million and profit attributable to owners of parent up 20.2% to ¥64,303 million.

  • Non-consolidated net sales were ¥1,163,138 million, up 18.1% year-over-year, with operating profit up 22.1%.

  • Comprehensive income increased 33.1% year-over-year to ¥71,964 million.

  • Fourth quarter consolidated net sales grew 11.1% year-over-year, with operating profit up 5.5%.

Financial highlights

  • Gross profit increased to ¥252,174 million from ¥224,471 million year-over-year.

  • Operating profit margin improved to 6.8% from 6.7% year-over-year, with both operating and ordinary profit margins exceeding 7%.

  • Basic earnings per share rose to ¥169.58 from ¥141.04 year-over-year.

  • ROE for FY2025 was 16.8%.

  • Equity ratio stood at 54.1% as of December 31, 2025.

Outlook and guidance

  • FY2026 consolidated net sales are projected at ¥1,361,000 million, with operating profit of ¥94,600 million and profit attributable to owners of parent at ¥61,130 million.

  • FY2026 net sales are also forecast at ¥1,311,000 million, with operating profit projected at ¥90,000 million and profit attributable to owners of parent expected to decline 4.9% to ¥61,130 million.

  • SI and S&S business segments are both expected to grow, with SI business planned at ¥857,100 million and S&S at ¥453,900 million for FY2026.

  • Dividend forecast for FY2026 is ¥95.00 per share.

  • Management policy emphasizes stable growth, productivity improvements, and leveraging AI and security solutions.

Explain the significant inventory cash flow impact
Reason for 2026 sales and profit forecast decline
Detail the strategic focus of software investments
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