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Revision to earnings forecasts4569KYORIN Pharmaceutical Co.,Ltd.Pharmaceuticals

Notice Regarding Variance Between Forecast and Actual Interim Results for the Fiscal Year Ending March 2027 and Revision of Full-Year Earnings Forecasts

For the interim period, revenue was slightly below forecast, while operating profit and ordinary profit exceeded forecast. Interim net income was a loss due to the loss on transfer of business. Accordingly, the full-year revenue forecast was left unchanged, while the forecasts for operating profit, ordinary profit and net income were revised downward from profits to losses.

Worth reading
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Direction
Deterioration
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Scale
-6900
¥ million
Wording
Avoiding a definitive answer
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Revised forecast

Fiscal year ending March 2027 · Full yearPrevious forecast published 12 May 2026
Net Sales121,800→121,800million
0.0%
Operating profit2,000→-4,900million
-345.0%
Ordinary income2,300→-4,600million
-300.0%
Profit attributable to owners of the parent1,500→-5,100million
-440.0%
Net income per share26.11→-88.74Yen and sen
-439.9%

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

The Company incorporated into operating profit and ordinary profit the upfront fee associated with entering into the license agreement for EB05 with Edesa Biotech, Inc., and reflected in net income the loss on transfer of business related to the transfer of the generic drugs business, which was recognized as an extraordinary loss in the interim consolidated accounting period.

Details and amount of extraordinary loss

Loss on transfer of business related to the transfer of the generic drugs business (amount: Not disclosed)

Previous-period resultsConsolidated: revenue, ¥126,257 million; operating profit, ¥3,567 million; ordinary profit, ¥4,031 million; net income attributable to owners of the parent, ¥3,448 million; net income per share, ¥60.03. Standalone: revenue, ¥110,934 million; operating profit, ¥4,285 million; ordinary profit, ¥5,048 million; net income, ¥4,183 million; net income per share, ¥72.82.
Consolidated / non-consolidatedConsolidated/non-consolidated
Revised forecast
ItemDetails
Net Sales¥121,800 million → ¥121,800 million
Operating profit¥2,000 million → ¥-4,900 million
Ordinary income¥2,300 million → ¥-4,600 million
Profit attributable to owners of the parent¥1,500 million → ¥-5,100 million
Net income per share26.11 Yen and sen → -88.74 Yen and sen
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredFull year
Publication date of previous forecast12 May 2026
Previous-period resultsConsolidated: revenue, ¥126,257 million; operating profit, ¥3,567 million; ordinary profit, ¥4,031 million; net income attributable to owners of the parent, ¥3,448 million; net income per share, ¥60.03. Standalone: revenue, ¥110,934 million; operating profit, ¥4,285 million; ordinary profit, ¥5,048 million; net income, ¥4,183 million; net income per share, ¥72.82.
Reason for the revisionThe Company incorporated into operating profit and ordinary profit the upfront fee associated with entering into the license agreement for EB05 with Edesa Biotech, Inc., and reflected in net income the loss on transfer of business related to the transfer of the generic drugs business, which was recognized as an extraordinary loss in the interim consolidated accounting period.
Details and amount of extraordinary lossLoss on transfer of business related to the transfer of the generic drugs business (amount: Not disclosed)
Consolidated / non-consolidatedConsolidated/non-consolidated
Items this document does not state (1)
Dividend 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.

For the interim period, revenue from Rasivick, Mucodyne and other products was below forecast, while operating profit and ordinary profit exceeded forecast because selling, general and administrative expenses were below budget. Interim net income was below forecast because a loss on transfer of business related to the transfer of the generic drugs business was recognized as an extraordinary loss. The full-year forecasts were revised to reflect the upfront fee associated with the license agreement for EB05, the upfront fee related to products under discussion, and the loss on transfer of business.

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Variance Between Forecast and Actual Interim Results for the Fiscal Year Ending March 2027 and Revision of Full-Year Earnings Forecasts | KYORIN Pharmaceutical Co.,Ltd. (4569) timely disclosure | Komori