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Revision of earnings forecasts4521KAKEN PHARMACEUTICAL CO.,LTD.Pharmaceuticals

Notice Regarding Differences from the Previous Fiscal Year’s Results on an Individual Basis

For the fiscal year ending March 2026, non-consolidated net sales and operating and ordinary profit declined significantly due to the reversal of the large upfront contract payments received in the previous fiscal year and lower domestic pharmaceutical sales. Net income also declined significantly year on year.

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Revised forecast

Fiscal year ending March 2026 · Full year
Net Sales—→—million
—
Operating profit—→—million
—
Ordinary income—→—million
—
Profit attributable to owners of the parent—→—million
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The bar length represents the relative magnitude of change, based on the item that changed the most in this document.

Reason for the revision

Reversal of the US$86 million upfront contract payment received in the previous fiscal year under the intellectual property transfer and sales partnership option agreement for NM26, and the US$30 million upfront contract payment under the license agreement for the STAT6 inhibitor. In addition, domestic pharmaceutical sales declined, particularly as the shift to AGs for the core product group CreNAfin progressed from September 2025 onward.

Previous-period resultsNet sales: ¥93,934 million; operating profit: ¥22,522 million; ordinary profit: ¥22,766 million; net income: ¥16,449 million; net income per share: ¥431.06
Consolidated / non-consolidatedNon-consolidated
Revised forecast
ItemDetails
Net Sales△21,620
Operating profit△23,217
Ordinary income△22,879
Profit attributable to owners of the parent△14,484
Fiscal Period CoveredFiscal year ending March 2026
Period CoveredFull year
Previous-period resultsNet sales: ¥93,934 million; operating profit: ¥22,522 million; ordinary profit: ¥22,766 million; net income: ¥16,449 million; net income per share: ¥431.06
Reason for the revisionReversal of the US$86 million upfront contract payment received in the previous fiscal year under the intellectual property transfer and sales partnership option agreement for NM26, and the US$30 million upfront contract payment under the license agreement for the STAT6 inhibitor. In addition, domestic pharmaceutical sales declined, particularly as the shift to AGs for the core product group CreNAfin progressed from September 2025 onward.
Consolidated / non-consolidatedNon-consolidated
Items this document does not state (4)
Net income per sharePublication date of previous forecastDetails and amount of extraordinary lossDividend forecast revision

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.

In addition to the reversal of the US$86 million upfront contract payment for NM26 and the US$30 million upfront contract payment for the STAT6 inhibitor received in the previous fiscal year, domestic pharmaceutical sales declined, particularly as the shift to authorized generics (AGs) for the core product group CreNAfin progressed from September 2025 onward.

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Notice Regarding Differences from the Previous Fiscal Year’s Results on an Individual Basis | KAKEN PHARMACEUTICAL CO.,LTD. (4521) timely disclosure | Komori