Komori
Revision of earnings forecasts4548SEIKAGAKU CORPORATIONPharmaceuticals

Notice Regarding Revisions to the Full-Year Consolidated Earnings Forecast for the Fiscal Year Ending March 2027, Release of the Full-Year Non-Consolidated Earnings Forecast, and Revisions to the Dividend Forecast

The Company revised its full-year consolidated earnings forecast for the fiscal year ending March 2027 downward following a substantial decline in royalty income. It also newly disclosed a full-year non-consolidated earnings forecast and reduced its annual dividend forecast from ¥30 to ¥20.

Worth reading
58In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-95.2
% (rate of decrease in ordinary profit)
Wording
Avoiding a definitive answer
How definitive the wording is.

Revised forecast

Fiscal year ending March 2027 · Full yearPrevious forecast published 13 May 2026
Net SalesConsolidated41,850→37,100million
-11.4%
Net SalesIndividual—→22,000million
—
Operating profitConsolidated2,050→-2,050million
-200.0%
Operating profitIndividual—→-3,600million
—
Ordinary incomeConsolidated4,200→200million
-95.2%
Ordinary incomeIndividual—→-900million
—
Profit attributable to owners of the parentConsolidated2,250→-1,800million
-180.0%
Profit attributable to owners of the parentIndividual—→-2,450million
—
Net income per shareConsolidated41.21→-32.96yen and sen
-180.0%
Net income per shareIndividual—→-44.86yen and sen
—

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

Royalty income is expected to decline substantially, resulting in lower net sales and deterioration in operating profit, ordinary profit and net income attributable to owners of the parent. Non-consolidated results are also expected to fall below the previous fiscal year's results due to the substantial decline in royalty income.

Previous-period resultsConsolidated (fiscal year ended March 2026): net sales ¥36,645 million, operating loss ¥660 million, ordinary profit ¥1,679 million, net income attributable to owners of the parent ¥1,473 million, and basic earnings per share ¥26.99. Non-consolidated: net sales ¥23,596 million, operating loss ¥1,924 million, ordinary profit ¥589 million, net income ¥737 million, and earnings per share ¥13.50.
Dividend forecast revisionThe annual dividend was reduced from ¥30.00 to ¥20.00. The interim and year-end dividends were each revised from ¥15.00 to ¥10.00.
Consolidated / non-consolidatedConsolidated / non-consolidated (standalone)
Revised forecast
ItemDetails
Net SalesConsolidated 41,850 / Individual Not disclosed → Consolidated 37,100 / Individual 22,000(Consolidated △11.4% / Individual -6.8% (versus the previous fiscal year))
Operating profitConsolidated 2,050 / Individual Not disclosed → Consolidated -2,050 / Individual -3,600(Consolidated Not disclosed / Individual — (versus the previous fiscal year))
Ordinary incomeConsolidated 4,200 / Individual Not disclosed → Consolidated 200 / Individual -900(Consolidated △95.2% / Individual — (versus the previous fiscal year))
Profit attributable to owners of the parentConsolidated 2,250 / Individual Not disclosed → Consolidated -1,800 / Individual -2,450(Consolidated Not disclosed / Individual — (versus the previous fiscal year))
Net income per shareConsolidated 41.21 / Individual Not disclosed → Consolidated -32.96 / Individual -44.86(Consolidated Not disclosed / Individual — (versus the previous fiscal year))
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredFull year
Publication date of previous forecast13 May 2026
Previous-period resultsConsolidated (fiscal year ended March 2026): net sales ¥36,645 million, operating loss ¥660 million, ordinary profit ¥1,679 million, net income attributable to owners of the parent ¥1,473 million, and basic earnings per share ¥26.99. Non-consolidated: net sales ¥23,596 million, operating loss ¥1,924 million, ordinary profit ¥589 million, net income ¥737 million, and earnings per share ¥13.50.
Reason for the revisionRoyalty income is expected to decline substantially, resulting in lower net sales and deterioration in operating profit, ordinary profit and net income attributable to owners of the parent. Non-consolidated results are also expected to fall below the previous fiscal year's results due to the substantial decline in royalty income.
Dividend forecast revisionThe annual dividend was reduced from ¥30.00 to ¥20.00. The interim and year-end dividends were each revised from ¥15.00 to ¥10.00.
Consolidated / non-consolidatedConsolidated / non-consolidated (standalone)
Items this document does not state (1)
Details and amount of extraordinary 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.

Royalty income is expected to decline substantially, resulting in lower net sales and deterioration in operating profit, ordinary profit and net income attributable to owners of the parent. The non-consolidated earnings forecast was disclosed because it is expected to fall below the previous fiscal year's results due to the substantial decline in royalty income, and the dividend was reduced in line with the revision to the earnings forecast.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Revisions to the Full-Year Consolidated Earnings Forecast for the Fiscal Year Ending March 2027, Release of the Full-Year Non-Consolidated Earnings Forecast, and Revisions to the Dividend Forecast | SEIKAGAKU CORPORATION (4548) timely disclosure | Komori