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Earnings4528ONO PHARMACEUTICAL CO.,LTD.Pharmaceuticals

Consolidated Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [IFRS]

For the interim period of the fiscal year ending March 2027, revenue decreased 9.6% year on year, while operating profit increased 11.2%. The full-year earnings forecast and annual dividend forecast remain unchanged from the previous forecasts.

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Results for this period

Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedIFRS
Net Sales232,504¥ millionYear on year -9.6%Progress 51.1%
Operating profit57,907¥ millionYear on year +11.2%Progress 61.6%
Ordinary income58,418¥ millionYear on year +12.0%Progress 62.1%
Net income attributable to owners of the parent44,930¥ millionYear on year +12.1%Progress 63.3%

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¥95.60
Financial position at period-end
Total assets1,091,374¥ million
of which net assets 881,557 ¥ millionEquity ratio 80.2%vs. prior year-end +3.3pt

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+50,298
Investment+1,021
Financials-30,027
Net change+21,292

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¥258,178 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥455,000 million (YoY -11.8%)
Operating profit¥94,000 million (YoY +1.9%)
Ordinary income¥94,000 million (YoY +1.5%)
Net income¥71,000 million (YoY +1.8%)
Revision to Earnings ForecastNo
Annual Dividend Forecast¥80 → ¥80(0.0%)
Factors Behind Changes in Business Performance

Domestic product sales decreased due to the negative impact of the drug price revision, the end of the co-promotion agreement for Forxiga Tablets, and intensifying competition for Opdivo. Profit increased, however, owing to market penetration by Qinlock and Lonvimza, higher royalty income, lower expenses following the end of the co-promotion agreement, a decline in research and development expenses following the previous period's increase, and greater expense efficiency.

Disclosure regarding the going concern assumption

No applicable items

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 None修正再表示 Not disclosed
Changes in the scope of consolidationNo material changes (the number and names of newly consolidated and excluded companies are Not disclosed)
Material subsequent eventsOn 8 October 2026, the Company entered into a licensing agreement with US-based Biohaven for the exclusive development and commercialization of BHV-1300, BHV-1310 and BHV-1320 in Japan, South Korea, Taiwan and the ASEAN countries. The Company will pay an upfront fee of USD 80 million, milestone payments of up to USD 20 million, and royalties based on future sales. The impact on results for the fiscal year ending March 2027 is expected to be minor.
Depreciation and amortization¥18,054 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and securities analysts)
Issued Shares at Period-End498,692,800
Treasury Shares at Period-End28,585,852
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsIFRS
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026–30 September 2026
Net Sales¥232,504 million (YoY -9.6%)
Operating profit¥57,907 million (YoY +11.2%)
Ordinary income¥58,418 million (YoY +12.0%)
Profit attributable to owners of the parent¥44,930 million (YoY +12.1%)
Net income per share¥95.60
Equity ratioEnd of the current fiscal period 80.2 / End of previous period 76.9
Total assets¥1,091,374 million
Net assets¥881,557 million
Cash flows from operating activities¥50,298 million
Cash flows from investing activities¥1,021 million
Cash flows from financing activities¥-30,027 million
Cash and cash equivalents at end of period¥258,178 million
Full-year earnings forecastNet Sales ¥455,000 million (YoY -11.8%) / Operating profit ¥94,000 million (YoY +1.9%) / Ordinary income ¥94,000 million (YoY +1.5%) / Net income ¥71,000 million (YoY +1.8%)
Revision to Earnings ForecastNo
Annual Dividend Forecast¥80 → ¥80(0.0%)
Depreciation and amortization¥18,054 million
Disclosure regarding the going concern assumptionNo applicable items
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement Not disclosed
Changes in the scope of consolidationNo material changes (the number and names of newly consolidated and excluded companies are Not disclosed)
Material subsequent eventsOn 8 October 2026, the Company entered into a licensing agreement with US-based Biohaven for the exclusive development and commercialization of BHV-1300, BHV-1310 and BHV-1320 in Japan, South Korea, Taiwan and the ASEAN countries. The Company will pay an upfront fee of USD 80 million, milestone payments of up to USD 20 million, and royalties based on future sales. The impact on results for the fiscal year ending March 2027 is expected to be minor.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and securities analysts)
Issued Shares at Period-End498,692,800
Treasury Shares at Period-End28,585,852
Factors Behind Changes in Business PerformanceDomestic product sales decreased due to the negative impact of the drug price revision, the end of the co-promotion agreement for Forxiga Tablets, and intensifying competition for Opdivo. Profit increased, however, owing to market penetration by Qinlock and Lonvimza, higher royalty income, lower expenses following the end of the co-promotion agreement, a decline in research and development expenses following the previous period's increase, and greater expense efficiency.
Items this document does not state (9)
Operating MarginPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogImpairment lossBreakdown of extraordinary income (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.

Revenue decreased due to the negative impact of the drug price revision, the loss of revenue recognition following the end of the co-promotion agreement for Forxiga Tablets, and intensifying competition for Opdivo. Profit increased, however, owing to market penetration by Qinlock and Lonvimza, higher royalty income, lower co-promotion expenses related to Forxiga Tablets, a decline in research and development expenses following the previous period's increase, and greater expense efficiency.

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Consolidated Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [IFRS] | ONO PHARMACEUTICAL CO.,LTD. (4528) timely disclosure | Komori