Komori
Ono Pharmaceutical (4528) · RiskMaterialised

Risk of declining sales due to competing and generic products

First written in FY2016. 25 of 33 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-07-31.

33entries
11years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2017-Q1 – FY2020MaterialisedFY2021-Q2 – FY2022-Q3RestatedFY2022 – FY2024-Q12016: 320162017: 420172018: 420182019: 420192020: 420202021: 320212022: 420222023: 320232024: 020242025: 020252026: 42026
Same theme, other companies
Competition Risk from Candidate Product Introduction and Competing Products in the Pharmaceutical MarketA theme 20 companies write about · 22 as a headwind · 0 as a tailwind

Ono Pharmaceutical moved to the "Worse" side of this theme in 2016, 6 years before the typical company in this theme (2022).

The whole theme swung hardest in 2025: 4 of 8 companies on the "Worse" side.

3 other companies' latest entry also says "Materialised".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 20 companies compared. The sentences above are computed from all 20.
Full recordFilings, disclosures and news, newest first
  1. 2026-07-31MaterialisedEarnings

    「Sales of the antineoplastic agent Opdivo intravenous infusion declined by ¥1.2 billion, or 4.1%, year on year to ¥28.2 billion due to intensifying competition and other factors.」

    Intensifying competition was reflected in lower first-quarter sales of Opdivo.
  2. FY2026MaterialisedAnnual report

    「Sales of Opdivo intravenous infusion, an antineoplastic agent, decreased by ¥6.0 billion, or 5.0%, from the previous fiscal year to ¥114.3 billion, due to the increasingly competitive environment and other factors.」

    The intensifying competition with competing products materialized in the full-year results as a ¥6.0 billion, or 5.0%, decline in sales of Opdivo products.
  3. FY2024-Q1RestatedAnnual report

    「Sales of Opdivo intravenous infusion, an antineoplastic agent, increased by ¥3.7 billion, or 10.9%, year on year to ¥37.8 billion, as use expanded in gastric cancer, esophageal cancer, urothelial cancer and other indications amid an increasingly competitive environment.」

    Although the increasingly competitive environment continues to be cited, Opdivo generated higher year-on-year revenue due to expanded use across multiple cancer types.
  4. FY2023RestatedAnnual report

    「Sales of Opdivo intravenous infusion, an antineoplastic agent, increased by ¥29.9 billion, or 26.6%, from the previous fiscal year to ¥142.3 billion, as use expanded in gastric cancer, esophageal cancer and other indications, despite intensifying competition with competing products.」

    Although the risk of intensifying competition continues to be cited, Opdivo generated higher full-year revenue due to expanded indications and use.
  5. FY2023-Q3RestatedAnnual report

    「Sales of Opdivo intravenous infusion, an antineoplastic agent, increased by ¥24.1 billion, or 28.3%, year on year to ¥109.1 billion, as use expanded in gastric cancer, esophageal cancer and other indications, despite intensifying competition with competing products.」

    Although intensifying competition with competing products continues to be cited, sales of Opdivo increased due to expanded use in gastric cancer, esophageal cancer and other indications.
  6. FY2023-Q2RestatedAnnual report

    「Sales of Opdivo intravenous infusion, an antineoplastic agent, increased by ¥13.8 billion, or 24.6%, year on year to ¥69.9 billion, as use expanded in gastric cancer, esophageal cancer and other indications, despite intensifying competition with competing products.」

    Although intensifying competition with competing products continues to be cited, sales of Opdivo increased due to expanded use in gastric cancer, esophageal cancer and other indications.
  7. FY2023-Q1RestatedAnnual report

    「Sales of Opdivo intravenous infusion, an antineoplastic agent, increased by ¥5.1 billion, or 17.4%, year on year to ¥34.1 billion, as use expanded in first-line treatment of gastric cancer, adjuvant treatment after surgery for esophageal cancer and first-line treatment of non-small cell lung cancer, among other indications, despite intensifying competition with competing products.」

    Although intensifying competition with competing products continues to be cited, Opdivo generated higher first-quarter revenue due to expanded indications and use.
  8. FY2022RestatedAnnual report

    「Sales of Opdivo intravenous infusion, an antineoplastic agent, increased by ¥13.6 billion, or 13.8%, from the previous fiscal year to ¥112.4 billion, as use expanded in first-line treatment of non-small cell lung cancer, esophageal cancer and first-line treatment of gastric cancer, among other factors, despite intensifying competition with competing products.」

    Although intensifying competition with competing products continues to be cited, Opdivo generated higher full-year revenue due to expanded indications and use.
  9. FY2022-Q3MaterialisedAnnual report

    「• Sales of Opdivo intravenous infusion, an antineoplastic agent, increased by ¥8.7 billion, or 11.4%, year on year to ¥85.1 billion, as use expanded in first-line treatment of non-small cell lung cancer and second-line treatment of esophageal cancer, among other factors, despite intensifying competition with competing products. / • Sales of long-listed products were affected by measures promoting generic use. Sales of Opalmon tablets, a treatment for peripheral circulatory disorders, were ¥3.7 billion, down 14.2% year on year, while sales of Rivastach patches, a treatment for Alzheimer’s disease, were ¥2.3 billion, down 61.0%.」

    Intensifying competition with competing products continues to be cited, and the impact of measures promoting generic use has materialized as lower revenue from long-listed products. Meanwhile, Opdivo generated higher revenue due to expanded use.
  10. FY2022-Q2MaterialisedAnnual report

    「Long-listed products were affected by measures to promote generic use. Sales of Opalmon tablets were ¥2.4 billion, down 16.8% year on year, and Rivastach patches were ¥1.6 billion, down 61.7%.」

    The decline in sales of existing products due to the impact of the competitive environment, including measures promoting generic use, continued as year-on-year revenue declines across multiple products in the first half.
  11. FY2022-Q1MaterialisedAnnual report

    「Long-listed products were affected by measures to promote generic use. Sales of Opalmon tablets were ¥1.2 billion, down 17.5% year on year, and Rivastach patches, a treatment for Alzheimer-type dementia, were ¥0.8 billion, down 60.7%.」

    The decline in sales of existing products due to the impact of the competitive environment, including measures promoting generic use, has occurred as year-on-year revenue declines for Opalmon tablets and Rivastach patches.
  12. FY2021MaterialisedAnnual report

    「Long-listed products were affected by measures to promote generic use. Sales of Rivastach patches, a treatment for Alzheimer-type dementia, were ¥6.6 billion, down 22.5% from the previous consolidated fiscal year; Opalmon tablets were ¥5.5 billion, down 34.5%; and Ricalbon tablets were ¥2.9 billion, down 39.9%.」

    The decline in sales of existing products due to measures promoting generic use continues as full-year revenue declines across multiple products.
  13. FY2021-Q2MaterialisedAnnual report

    「Long-listed products were affected by measures to promote generic use. Sales of Opalmon tablets were ¥2.9 billion, down 35.4% year on year; Ricalbon tablets were ¥1.5 billion, down 41.3%; and Emend capsules, a treatment for nausea and vomiting associated with oncology drug administration, were ¥1.5 billion, down 67.8%.」

    The decline in sales of existing products due to the impact of the competitive environment, including measures promoting generic use, has materialized as year-on-year revenue declines for Opalmon, Ricalbon and Emend.
  14. FY2021-Q1RestatedAnnual report

    「Sales of Opdivo intravenous infusion, an antineoplastic agent, increased by ¥2.1 billion, or 9.5%, year on year to ¥24.4 billion. This reflected expanded use in esophageal cancer, in addition to steady use in gastric cancer, renal cell carcinoma and other indications, despite intensifying competition with competing products.」

    Although intensifying competition with competing products continues to be cited, sales of Opdivo products increased year on year due to expanded use.
  15. FY2020MaterialisedAnnual report

    「Sales of Opdivo intravenous infusion, an antineoplastic agent, increased as its use expanded in renal cell carcinoma and other indications. However, due to the impact of the drug price review in November the year before last and intensifying competition with competing products, sales decreased by ¥3.3 billion, or 3.6%, from the previous fiscal year to ¥87.3 billion.」

    Intensifying competition with competing products has materialized as a factor behind the full-year decline in sales of Opdivo products.
  16. FY2020-Q3MaterialisedAnnual report

    「Sales of Opdivo intravenous infusion, an antineoplastic agent, increased as its use expanded in renal cell carcinoma and other indications. However, due to the impact of the drug price review in November the year before last and intensifying competition with competing products, sales decreased by ¥3.4 billion, or 4.7%, from the first nine-month period of the previous fiscal year to ¥68.0 billion. Sales of long-listed products were affected by measures promoting generic use. Sales of Opalmon tablets, a treatment for peripheral circulatory disorders, were ¥6.7 billion, down 19.0% from the first nine-month period of the previous fiscal year, while sales of Ricalbon tablets, a treatment for osteoporosis, were ¥3.9 billion, down 36.7%.」

    The decline in sales of Opdivo products due to intensifying competition with competing products, and the decline in revenue from long-listed products due to measures promoting generic use, continue to materialize in the results.
  17. FY2020-Q2MaterialisedAnnual report

    「Long-listed products were affected by measures to promote generic use. Sales of Opalmon tablets were ¥4.5 billion, down 19.2% from the first six months of the previous fiscal year, and Ricalbon tablets were ¥2.6 billion, down 41.1%.」

    The decline in sales of existing products due to the impact of the competitive environment, including measures promoting generic use, continues as year-on-year revenue declines for Opalmon tablets and Ricalbon tablets.
  18. FY2020-Q1MaterialisedAnnual report

    「Although use of the oncology drug Opdivo intravenous infusion expanded for renal cell carcinoma, sales were ¥22.3 billion, down ¥0.5 billion, or 2.0%, from the first quarter of the previous consolidated fiscal year, due to the impact of the drug-price review in November last year and intensifying competition from competing products.」

    Intensifying competition with competing products is cited as a factor behind the 2.0% year-on-year decline in sales of Opdivo products.
  19. FY2019MaterialisedAnnual report

    「Long-listed products were affected by drug-price revisions and measures to promote generic use. Sales of Opalmon tablets were ¥10.4 billion, down 27.9% from the previous consolidated fiscal year, and Ricalbon tablets were ¥7.3 billion, down 32.8%.」

    The decline in sales of existing products due to the impact of the competitive environment, including competing products and measures promoting generic use, continues as full-year revenue declines for Opalmon tablets and Ricalbon tablets.
  20. FY2019-Q3MaterialisedAnnual report

    「Long-listed products were affected by drug-price revisions and measures to promote generic use. Sales of Opalmon tablets were ¥8.3 billion, down 28.7% from the first nine months of the previous fiscal year, and Ricalbon tablets were ¥6.1 billion, down 28.3%.」

    The decline in sales of existing products due to the impact of the competitive environment, including competing products and measures promoting generic use, continues as year-on-year revenue declines for Opalmon tablets and Ricalbon tablets.
  21. FY2019-Q2MaterialisedAnnual report

    「Long-listed products were affected by drug-price revisions and measures to promote generic use. Sales of Opalmon tablets were ¥5.5 billion, down 26.8% from the first six months of the previous fiscal year, and Ricalbon tablets, a treatment for osteoporosis, were ¥4.4 billion, down 19.0%.」

    The decline in sales of existing products due to the impact of the competitive environment, including competing products and measures promoting generic use, continues as year-on-year revenue declines for Opalmon and Ricalbon.
  22. FY2019-Q1MaterialisedAnnual report

    「Long-listed products were affected by drug-price revisions and measures to promote generic use. Sales of Opalmon tablets were ¥2.9 billion, down 23.1% from the first quarter of the previous fiscal year; Onon capsules were ¥1.1 billion, down 14.6%; and Onon dry syrup was ¥0.7 billion, down 14.3%.」

    The decline in sales of existing products due to the impact of the competitive environment, including measures promoting generic use, continues to materialize as year-on-year revenue declines across multiple products.
  23. FY2018MaterialisedAnnual report

    「Sales of long-listed products were affected by measures promoting generic use. Sales of Opalmon tablets, a treatment for peripheral circulatory disorders, were ¥14.4 billion, down 15.6% from the previous fiscal year; sales of Onon capsules, a treatment for bronchial asthma and allergic rhinitis, were ¥5.5 billion, down 19.5%; and sales of Onon dry syrup were ¥3.3 billion, down 18.8%.」

    The decline in revenue from long-listed products due to competing products and measures promoting generic use continued in the full-year results.
  24. FY2018-Q3MaterialisedAnnual report

    「Sales of long-listed products were affected by competing products and measures promoting generic use. Sales of Opalmon tablets, a treatment for peripheral circulatory disorders, were ¥11.6 billion, down 13.0% from the first nine-month period of the previous fiscal year; sales of Onon capsules, a treatment for bronchial asthma and allergic rhinitis, were ¥3.9 billion, down 17.5%; and sales of Foipan tablets, a treatment for chronic pancreatitis and postoperative reflux esophagitis, were ¥2.4 billion, down 19.3%.」

    The decline in revenue from long-listed products due to competing products and measures promoting generic use also materialized in the nine-month period as year-on-year declines across multiple products.
  25. FY2018-Q2MaterialisedAnnual report

    「Sales of long-listed products were affected by competing products and measures promoting generic use. Sales of Opalmon tablets, a treatment for peripheral circulatory disorders, were ¥7.5 billion, down 14.9% from the first six-month period of the previous fiscal year; sales of Onon capsules, a treatment for bronchial asthma and allergic rhinitis, were ¥2.4 billion, down 20.3%; and sales of Foipan tablets, a treatment for chronic pancreatitis and postoperative reflux esophagitis, were ¥1.6 billion, down 21.2%.」

    The decline in revenue from long-listed products due to competing products and measures promoting generic use continues to materialize as year-on-year declines across multiple products.
  26. FY2018-Q1MaterialisedAnnual report

    「Sales of long-listed products were affected by competing products and measures promoting generic use. Sales of Opalmon tablets, a treatment for peripheral circulatory disorders, were ¥3.8 billion, down 18.3% from the first quarter of the previous fiscal year; sales of Onon capsules, a treatment for bronchial asthma and allergic rhinitis, were ¥1.3 billion, down 22.9%; and sales of Foipan tablets, a treatment for chronic pancreatitis and postoperative reflux esophagitis, were ¥800 million, down 24.9%.」

    The decline in revenue from long-listed products due to competing products and measures promoting generic use continues to materialize as year-on-year declines across multiple products.
  27. FY2017MaterialisedAnnual report

    「Long-listed products were affected by competing products and measures to promote generic use. Sales of Opalmon tablets were ¥17.0 billion, down 25.0% from the previous consolidated fiscal year; Onon capsules were ¥6.8 billion, down 24.2%; and Onon dry syrup was ¥4.1 billion, down 26.7%.」

    The decline in sales of existing products due to the impact of competing products and measures promoting generic use has materialized as year-on-year revenue declines across multiple products for the full year.
  28. FY2017-Q3MaterialisedAnnual report

    「Long-listed products were affected by drug-price revisions and measures to promote generic use. Sales of Opalmon tablets were ¥13.4 billion, down 26.3% from the first nine months of the previous fiscal year; Onon capsules were ¥4.8 billion, down 26.2%; and Foypan tablets were ¥3.0 billion, down 27.5%.」

    The decline in sales of existing products associated with measures promoting generic use and other factors has also materialized in the nine-month period as year-on-year revenue declines for Opalmon, Onon and Foipan.
  29. FY2017-Q2MaterialisedAnnual report

    「Long-listed products were affected by drug-price revisions and measures to promote generic use. Sales of Opalmon tablets were ¥8.8 billion, down 25.9% from the first six months of the previous fiscal year; Onon capsules were ¥3.0 billion, down 25.6%; and Foypan tablets were ¥2.0 billion, down 27.0%.」

    The decline in sales of existing products associated with measures promoting generic use and other factors has materialized as year-on-year revenue declines for Opalmon, Onon and Foipan.
  30. FY2017-Q1MaterialisedAnnual report

    「Long-listed products were affected by drug-price revisions and measures to promote generic use. Sales of Opalmon tablets, a treatment for peripheral circulatory disorders, were ¥4.7 billion, down 24.8% from the first quarter of the previous fiscal year; Onon capsules, a treatment for bronchial asthma and allergic rhinitis, were ¥1.7 billion, down 23.3%; and Foypan tablets, a treatment for chronic pancreatitis and postoperative reflux esophagitis, were ¥1.1 billion, down 25.6%.」

    The decline in sales of existing products due to measures promoting generic use and other factors is now evident as year-on-year revenue declines across multiple products.
  31. FY2016First statedAnnual report

    「Competition among domestic and overseas companies in the pharmaceutical industry is intensifying, and the Group's performance and financial position may be materially affected by sales of competing products and generics launched after pharmaceutical patents expire.」

    Intensifying domestic and overseas competition, competing products and generics launched after patent expiry are identified as sales risks.
Moved together

"Impact of Healthcare Insurance System Reforms and Policies to Contain Medical Costs" moved the same way as this thread, in the same document, in 22 of its 33 moves.

22194322★123456
  1. ★This thread
  2. 1Impact of Healthcare Insurance System Reforms and Policies to Contain Medical Costs22×
  3. 2Uncertainty in New Drug Development and R&D Investment Risks19×
  4. 3Protection of Intellectual Property and Infringement Risk4×
  5. 4Product recalls and product liability risks3×
  6. 5Risk of Changes to or Termination of Partnerships with Other Companies2×
  7. 6Development and Sales Milestone Payment Obligations2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Ono Pharmaceutical's next results are scheduled for 2026-10-29. Read the earnings preview It last moved in the Earnings of 2026-07-31: "Materialised".
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Risk of declining sales due to competing and generic products | ONO PHARMACEUTICAL CO.,LTD. (4528) | Komori