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Revision of earnings forecasts4151Kyowa Kirin Co.,Ltd.Pharmaceuticals

Summary of Consolidated Financial Results for the First Quarter of the Fiscal Year Ending December 2026 [IFRS]

The full-year forecast for core operating profit for the fiscal year ending December 2026 has been raised from ¥100.0 billion to ¥130.0 billion, and the forecast for core profit for the period has also been increased from ¥80.0 billion to ¥103.0 billion. The forecasts for revenue, profit before tax and profit for the period remain unchanged.

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Revised forecast

Fiscal year ending December 2026 · Full yearPrevious forecast published 9 February 2026
Net Sales520,000→520,000million
0.0%
Operating profit100,000→130,000million
+30.0%
Profit attributable to owners of the parent75,000→75,000million
0.0%
Net income per share143.27→143.27yen
0.0%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

As the discontinuation of the rocatinlimab clinical trial program decided on 3 March 2026 means that the associated selling, general and administrative expenses and research and development expenses are no longer expected to be incurred, core operating profit is expected to exceed the previous forecast. Meanwhile, other expenses are expected to increase due to the recognition of closing costs and other items, and profit for the period is expected to remain unchanged from the previous forecast.

Details and amount of extraordinary loss

An impairment loss and reversal of impairment loss (gain) of ¥4,949 million were recorded in the first quarter. The reasons for revising the full-year forecast refer to closing costs and other items associated with the discontinuation of the rocatinlimab clinical trial program, but the amount was Not disclosed.

Previous-period resultsRevenue ¥496,826 million / Core operating profit ¥109,838 million / Income before taxes ¥87,221 million / Profit for the period ¥67,040 million / Basic earnings per share ¥128.07 / Core profit for the period ¥84,424 million / Basic core profit per share ¥161.28
Dividend forecast revisionNo revision
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥520,000 million → ¥520,000 million
Operating profit¥100,000 million → ¥130,000 million(30.0%)
Profit attributable to owners of the parent¥75,000 million → ¥75,000 million
Net income per share143.27 yen → 143.27 yen
Fiscal Period CoveredFiscal year ending December 2026
Period CoveredFull year
Publication date of previous forecast9 February 2026
Previous-period resultsRevenue ¥496,826 million / Core operating profit ¥109,838 million / Income before taxes ¥87,221 million / Profit for the period ¥67,040 million / Basic earnings per share ¥128.07 / Core profit for the period ¥84,424 million / Basic core profit per share ¥161.28
Reason for the revisionAs the discontinuation of the rocatinlimab clinical trial program decided on 3 March 2026 means that the associated selling, general and administrative expenses and research and development expenses are no longer expected to be incurred, core operating profit is expected to exceed the previous forecast. Meanwhile, other expenses are expected to increase due to the recognition of closing costs and other items, and profit for the period is expected to remain unchanged from the previous forecast.
Details and amount of extraordinary lossAn impairment loss and reversal of impairment loss (gain) of ¥4,949 million were recorded in the first quarter. The reasons for revising the full-year forecast refer to closing costs and other items associated with the discontinuation of the rocatinlimab clinical trial program, but the amount was Not disclosed.
Dividend forecast revisionNo revision
Consolidated / non-consolidatedConsolidated
Items this document does not state (1)
Ordinary income

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The discontinuation of the rocatinlimab clinical trial program means that the associated selling, general and administrative expenses and research and development expenses are no longer expected to be incurred, which is expected to boost core operating profit. Meanwhile, other expenses are expected to increase due to the recognition of closing costs and other items, so profit for the period is expected to remain unchanged from the previous forecast.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Summary of Consolidated Financial Results for the First Quarter of the Fiscal Year Ending December 2026 [IFRS] | Kyowa Kirin Co.,Ltd. (4151) timely disclosure | Komori