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Earnings4507Shionogi & Co.,Ltd.Pharmaceuticals

Summary of Financial Results for the First Quarter of the Fiscal Year Ending March 2027 [IFRS] (Consolidated)

In the first quarter of the fiscal year ending March 2027, revenue and operating profit increased significantly, mainly due to the effects of acquiring Torii Pharmaceutical, the transfer of the JT pharmaceutical business and the edaravone business, and higher royalty income. The full-year earnings forecast and dividend forecast remain unchanged from the previous forecasts.

Worth reading
52Recurring
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
63.7
% (year-on-year increase in revenue)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 April 2026 to 30 June 2026ConsolidatedIFRS
Net Sales163,310¥ millionYear on year +63.7%
Operating profit66,911¥ millionYear on year +90.6%Progress 30.4%
Ordinary income73,736¥ millionYear on year +59.2%
Net income attributable to owners of the parent97,696¥ millionYear on year +148.2%

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¥114.81
Financial position at period-end
Total assets2,655,057¥ million
of which net assets 1,772,764 ¥ millionEquity ratio 66.7%vs. prior year-end +1.4pt

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+43,109
Investment-423,731
Financials-34,138
Net change-414,760

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¥298,937 million
Outlook and shareholder returns
Full-year earnings forecast
Revenue¥700,000 million (YoY +40.1%)
Operating profit¥220,000 million (YoY +29.2%)
Pretax profit¥220,000 million (YoY -9.3%)
Profit for the period attributable to owners of the parent¥210,000 million (YoY +0.4%)
Revision to Earnings ForecastNot disclosed → Not disclosed
Annual Dividend Forecast¥71 → ¥76(+7.0%)
Factors Behind Changes in Business Performance

The consolidation of Torii Pharmaceutical, the transfer of the JT pharmaceutical business and the edaravone business, the expanded prescribing of QUVIVIQ, edaravone sales in North America, cefiderocol sales in Europe and the United States, increased royalty income related to ViiV's HIV franchise, the share of profit from investments accounted for using the equity method following ViiV's transition to an equity-method associate, and the recognition of deferred tax assets in connection with the transfer of the edaravone business.

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 Yes (retrospective restatement of prior-period figures following the finalisation of provisional accounting treatment for a business combination)
Changes in the scope of consolidationAdditions: 2 companies (RADIANCE NEWCO, LLC and 1 other company). Exclusions: Not disclosed. There were no other material changes.
Material subsequent eventsOn 1 July 2026, an absorption-type merger was carried out with Shionogi Inc. as the surviving company and RADIANCE NEWCO, LLC as the absorbed company.
Breakdown of extraordinary income (loss)The breakdown of extraordinary income and loss is Not disclosed. For reference, gains on bargain purchase of ¥48,970 million and ¥89 million were recorded in other income.
Depreciation and amortization¥20,880 million (depreciation and amortization)
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts)
Issued Shares at Period-End889,632,195 Shares
Treasury Shares at Period-End38,656,995 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsIFRS
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 June 2026
Net Sales¥163,310 million (YoY +63.7%)
Operating profit¥66,911 million (YoY +90.6%)
Ordinary income¥73,736 million (YoY +59.2%)
Profit attributable to owners of the parent¥97,696 million (YoY +148.2%)
Net income per share¥114.81
Equity ratioEnd of the current fiscal period 66.7 / End of previous period 65.3
Total assets¥2,655,057 million
Net assets¥1,772,764 million
Cash flows from operating activities¥43,109 million
Cash flows from investing activities¥-423,731 million
Cash flows from financing activities¥-34,138 million
Cash and cash equivalents at end of period¥298,937 million
Full-year earnings forecastRevenue ¥700,000 million (YoY +40.1%) / Operating profit ¥220,000 million (YoY +29.2%) / Pretax profit ¥220,000 million (YoY -9.3%) / Profit for the period attributable to owners of the parent ¥210,000 million (YoY +0.4%)
Revision to Earnings ForecastNot disclosed → Not disclosed
Annual Dividend Forecast¥71 → ¥76(+7.0%)
Depreciation and amortization¥20,880 million (depreciation and amortization)
Breakdown of extraordinary income (loss)The breakdown of extraordinary income and loss is Not disclosed. For reference, gains on bargain purchase of ¥48,970 million and ¥89 million were recorded in other income.
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement Yes (retrospective restatement of prior-period figures following the finalisation of provisional accounting treatment for a business combination)
Changes in the scope of consolidationAdditions: 2 companies (RADIANCE NEWCO, LLC and 1 other company). Exclusions: Not disclosed. There were no other material changes.
Material subsequent eventsOn 1 July 2026, an absorption-type merger was carried out with Shionogi Inc. as the surviving company and RADIANCE NEWCO, LLC as the absorbed company.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts)
Issued Shares at Period-End889,632,195 Shares
Treasury Shares at Period-End38,656,995 Shares
Factors Behind Changes in Business PerformanceThe consolidation of Torii Pharmaceutical, the transfer of the JT pharmaceutical business and the edaravone business, the expanded prescribing of QUVIVIQ, edaravone sales in North America, cefiderocol sales in Europe and the United States, increased royalty income related to ViiV's HIV franchise, the share of profit from investments accounted for using the equity method following ViiV's transition to an equity-method associate, and the recognition of deferred tax assets in connection with the transfer of the edaravone business.
Items this document does not state (8)
Operating MarginPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogImpairment loss

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 Company recorded product sales following the consolidation of Torii Pharmaceutical and the transfer of the JT pharmaceutical business and the edaravone business, as well as benefiting from the expanded prescribing of QUVIVIQ, edaravone sales in North America, cefiderocol sales in Europe and the United States, and increased royalty income related to ViiV's HIV franchise. Other factors contributing to the increase in profit included the share of profit from investments accounted for using the equity method following ViiV's transition to an equity-method associate, and the recognition of deferred tax assets in connection with the transfer of the edaravone business.

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Summary of Financial Results for the First Quarter of the Fiscal Year Ending March 2027 [IFRS] (Consolidated) | Shionogi & Co.,Ltd. (4507) timely disclosure | Komori