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Earnings4151Kyowa Kirin Co.,Ltd.Pharmaceuticals

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

For January–September 2026, revenue increased 10.2% year on year and core operating profit increased 46.8%, driven by growth in strategic products, primarily in North America and EMEA, and higher technology revenue. The full-year earnings forecast and annual dividend forecast remain unchanged.

Worth reading
57In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
46.8
%
Wording
Conditional
How definitive the wording is.

Results for this period

Third quarter1 January 2026–30 September 2026ConsolidatedIFRS
Net Sales384,947¥ millionYear on year +10.2%Progress 74.0%
Operating profit96,952¥ millionYear on year +46.8%Progress 74.6%
Ordinary income64,728¥ millionYear on year +35.1%Progress 68.1%
Net income attributable to owners of the parent51,673¥ millionYear on year +58.5%Progress 68.9%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥98.70
Financial position at period-end
Total assets1,088,380¥ million
of which net assets 908,543 ¥ millionEquity ratio 83.5%vs. prior year-end +2.9pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating+86,298
Investment-26,636
Financials-38,124
Net change+21,538

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥241,114 million
Regional sales¥837 hundred million (YoY -6.7%), ¥1,485 hundred million (YoY +14.3%), ¥628 hundred million (YoY +0.7%), ¥900 hundred million (YoY +33.3%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥520,000 million (YoY +4.7%)
Operating profit¥130,000 million (YoY +18.4%)
Ordinary income¥95,000 million (YoY +8.9%)
Net income¥75,000 million (YoY +11.9%)
Annual Dividend Forecast¥62 → ¥70(+12.9%)
Factors Behind Changes in Business Performance

Technology revenue increased in addition to growth in global strategic products, primarily in North America and EMEA. Core operating profit increased due to higher gross profit accompanying growth in overseas revenue and technology revenue, as well as lower research and development expenses.

Disclosure regarding the going concern assumption

Not applicable.

Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 Yes修正再表示 Not disclosed
Changes in the scope of consolidationNew Not disclosed / Excluded Number of companies 1 / Company name Orchard Therapeutics Limited
Material subsequent eventsOn 6 October 2026, the first patient was dosed in a Phase I/II trial in Japan of KK4408 for autoimmune diseases.
Impairment loss¥6,528 million
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Item Impairment losses and impairment reversals (gains) / Amount ¥6,528 million, Item Contract losses / Amount Not disclosed
Depreciation and amortization¥23,079 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and securities analysts
Issued Shares at Period-End525,634,500
Treasury Shares at Period-End2,049,790
Results for this period
ItemDetails
Fiscal Period ClassificationThird quarter
Accounting standardsIFRS
Consolidated / non-consolidatedConsolidated
Period Covered1 January 2026–30 September 2026
Net Sales¥384,947 million (YoY +10.2%)
Operating profit¥96,952 million (YoY +46.8%)
Ordinary income¥64,728 million (YoY +35.1%)
Profit attributable to owners of the parent¥51,673 million (YoY +58.5%)
Net income per share¥98.70
Equity ratioEnd of the current fiscal period 83.5 / End of previous period 80.6
Total assets¥1,088,380 million
Net assets¥908,543 million
Cash flows from operating activities¥86,298 million
Cash flows from investing activities¥-26,636 million
Cash flows from financing activities¥-38,124 million
Cash and cash equivalents at end of period¥241,114 million
Full-year earnings forecastNet Sales ¥520,000 million (YoY +4.7%) / Operating profit ¥130,000 million (YoY +18.4%) / Ordinary income ¥95,000 million (YoY +8.9%) / Net income ¥75,000 million (YoY +11.9%)
Annual Dividend Forecast¥62 → ¥70(+12.9%)
Regional sales¥837 hundred million (YoY -6.7%), ¥1,485 hundred million (YoY +14.3%), ¥628 hundred million (YoY +0.7%), ¥900 hundred million (YoY +33.3%)
Depreciation and amortization¥23,079 million
Impairment loss¥6,528 million
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Item Impairment losses and impairment reversals (gains) / Amount ¥6,528 million, Item Contract losses / Amount Not disclosed
Disclosure regarding the going concern assumptionNot applicable.
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate Yes / Restatement Not disclosed
Changes in the scope of consolidationNew Not disclosed / Excluded Number of companies 1 / Company name Orchard Therapeutics Limited
Material subsequent eventsOn 6 October 2026, the first patient was dosed in a Phase I/II trial in Japan of KK4408 for autoimmune diseases.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and securities analysts
Issued Shares at Period-End525,634,500
Treasury Shares at Period-End2,049,790
Factors Behind Changes in Business PerformanceTechnology revenue increased in addition to growth in global strategic products, primarily in North America and EMEA. Core operating profit increased due to higher gross profit accompanying growth in overseas revenue and technology revenue, as well as lower research and development expenses.
Items this document does not state (7)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitOrders received and order backlog

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.

Growth in global strategic products, primarily in North America and EMEA; higher technology revenue; increased gross profit accompanying growth in overseas revenue and technology revenue; and lower research and development expenses. Foreign exchange had a ¥19.8 billion positive impact on revenue and an ¥8.5 billion positive impact on core operating profit.

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Summary of Financial Results for the Third Quarter of the Fiscal Year Ending December 2026 [IFRS] (Consolidated) | Kyowa Kirin Co.,Ltd. (4151) timely disclosure | Komori