Komori
Results4548SEIKAGAKU CORPORATIONPharmaceuticals

Consolidated Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 (Japanese GAAP)

During the interim period, revenue increased 1.7%, but the operating loss widened due to higher manufacturing costs and R&D expenses, while higher tax expenses turned net income into a net loss. Ordinary profit increased, mainly due to the sale of investment securities and other factors. The full-year earnings forecast was revised, but the figures before and after the revision are not provided in this earnings report.

Worth reading
55In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
858
Millions of yen
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales18,219Millions of yenYear on year +1.7%Progress 49.1%
Operating profit-1,415Millions of yen
Ordinary income602Millions of yenYear on year +13.4%
Net income attributable to owners of the parent-1,221Millions of yen

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-¥22.36
Financial position at period-end
Total assets84,503Millions of yen
of which net assets 72,504 Millions of yenEquity ratio 85.8%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.

Segment revenue
Pharmaceuticals11,44162.8%-5.7%
LAL6,77837.2%+17.3%
Segment profit
Pharmaceuticals-1,881
LAL465
Outlook and shareholder returns
Full-year earnings forecast
Net Sales37,100 Millions of yen (YoY +1.2%)
Operating profit-2,900 Millions of yen
Ordinary income-650 Millions of yen
Net income-2,700 Millions of yen
Annual Dividend Forecast30 Yen → 20 Yen(-33.3%)
Factors Behind Changes in Business Performance

Despite a decline in overseas pharmaceuticals, growth in the LAL business and other operations increased revenue. The operating loss widened due to higher manufacturing costs and R&D expenses, while ordinary profit increased due to the sale of investment securities and other factors. An interim net loss was recorded due to higher tax expenses associated with the reversal of deferred tax assets.

Disclosure regarding the going concern assumption

None

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 No
Changes in the scope of consolidationNew Not disclosed / Excluded Not disclosed / Notes Material changes in the scope of consolidation during the interim period: None
Impairment lossNot recognized during the interim period
Breakdown of extraordinary income (loss)No extraordinary income or extraordinary loss was recognized during the interim period
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts and institutional investors)
Issued Shares at Period-End56,814,093
Treasury Shares at Period-End2,188,997
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales18,219 Millions of yen (YoY +1.7%)
Operating profit-1,415 Millions of yen
Ordinary income602 Millions of yen (YoY +13.4%)
Profit attributable to owners of the parent-1,221 Millions of yen
Net income per share-¥22.36
Equity ratioEnd of the current fiscal period 85.8 / End of previous period 87.2
Total assets84,503 Millions of yen
Net assets72,504 Millions of yen
Full-year earnings forecastNet Sales 37,100 Millions of yen (YoY +1.2%) / Operating profit -2,900 Millions of yen / Ordinary income -650 Millions of yen / Net income -2,700 Millions of yen
Annual Dividend Forecast30 Yen → 20 Yen(-33.3%)
Segment revenuePharmaceuticals 11,441 Millions of yen (YoY -5.7%) / LAL 6,778 Millions of yen (YoY +17.3%)
Segment profitPharmaceuticals -1,881 Millions of yen / LAL 465 Millions of yen
Impairment lossNot recognized during the interim period
Breakdown of extraordinary income (loss)No extraordinary income or extraordinary loss was recognized during the interim period
Disclosure regarding the going concern assumptionNone
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew Not disclosed / Excluded Not disclosed / Notes Material changes in the scope of consolidation during the interim period: None
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts and institutional investors)
Issued Shares at Period-End56,814,093
Treasury Shares at Period-End2,188,997
Factors Behind Changes in Business PerformanceDespite a decline in overseas pharmaceuticals, growth in the LAL business and other operations increased revenue. The operating loss widened due to higher manufacturing costs and R&D expenses, while ordinary profit increased due to the sale of investment securities and other factors. An interim net loss was recorded due to higher tax expenses associated with the reversal of deferred tax assets.
Items this document does not state (12)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogDepreciation and amortizationMaterial subsequent events

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 increased due to growth in the LAL business and other operations, despite a decline in overseas pharmaceuticals. The wider operating loss was attributable to higher manufacturing costs and R&D expenses, the increase in ordinary profit to the sale of investment securities and other factors, and the recognition of an interim net loss attributable to owners of the parent to higher tax expenses associated with the reversal of deferred tax assets.

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Consolidated Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 (Japanese GAAP) | SEIKAGAKU CORPORATION (4548) timely disclosure | Komori