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Revision of earnings forecasts4586Medrx Co.,Ltd.Pharmaceuticals

Consolidated earnings forecast for the fiscal year ending December 2026

The company has released, for the first time, its previously undisclosed full-year consolidated earnings forecast for the fiscal year ending December 2026, forecasting revenue of ¥507 million, an operating loss of ¥1,472 million and a net loss attributable to owners of the parent of ¥1,502 million. The forecast incorporates the effects of Bondlido sales commencing, while the loss is expected to widen from the previous fiscal year due in part to costs related to the Phase 2 trial of MRX-4TZT.

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Revised forecast

Fiscal year ending December 2026 · Full year
Net Sales—→507million
+296.4%
Operating profit—→-1,472million
—
Ordinary income—→-1,472million
—
Profit attributable to owners of the parent—→-1,502million
—
Net income per share—→-25.3yen and sen
—

The bar length represents the relative magnitude of change, based on the item that changed the most in this document.

Reason for the revision

The forecast had not been disclosed because it was difficult to reasonably calculate revenue and other figures while negotiations for a sales partnership for Bondlido were ongoing. The company has now released the forecast because, based on certain assumptions, it has become possible to estimate the impact of the start of sales on results for the current fiscal year. Research and development expenses are expected to increase by ¥401 million from the previous fiscal year due to costs related to the Phase 2 trial of MRX-4TZT, while selling, general and administrative expenses excluding research and development expenses are expected to increase by ¥138 million from the previous fiscal year due to costs including those for maintaining Bondlido's marketing approval.

Previous-period resultsRevenue: ¥128 million; operating profit: ¥941 million loss; ordinary profit: ¥937 million loss; net income attributable to owners of the parent: ¥937 million loss; net income per share: ¥17.44 loss
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net SalesNot disclosed → ¥507 million(+296.4%)
Operating profitNot disclosed → ¥-1,472 million
Ordinary incomeNot disclosed → ¥-1,472 million
Profit attributable to owners of the parentNot disclosed → ¥-1,502 million
Net income per shareNot disclosed → -25.30 yen and sen
Fiscal Period CoveredFiscal year ending December 2026
Period CoveredFull year
Previous-period resultsRevenue: ¥128 million; operating profit: ¥941 million loss; ordinary profit: ¥937 million loss; net income attributable to owners of the parent: ¥937 million loss; net income per share: ¥17.44 loss
Reason for the revisionThe forecast had not been disclosed because it was difficult to reasonably calculate revenue and other figures while negotiations for a sales partnership for Bondlido were ongoing. The company has now released the forecast because, based on certain assumptions, it has become possible to estimate the impact of the start of sales on results for the current fiscal year. Research and development expenses are expected to increase by ¥401 million from the previous fiscal year due to costs related to the Phase 2 trial of MRX-4TZT, while selling, general and administrative expenses excluding research and development expenses are expected to increase by ¥138 million from the previous fiscal year due to costs including those for maintaining Bondlido's marketing approval.
Consolidated / non-consolidatedConsolidated
Items this document does not state (3)
Publication date of previous forecastDetails and amount of extraordinary lossDividend 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.

The forecast had not been disclosed because it was difficult to reasonably calculate revenue and other figures while negotiations for a sales partnership for Bondlido were ongoing. The company has now released the forecast because, based on certain assumptions, it has become possible to estimate the impact of the start of sales on results for the current fiscal year. On the cost side, research and development expenses are expected to increase by ¥401 million due to costs related to the Phase 2 trial of MRX-4TZT, while selling, general and administrative expenses excluding research and development expenses are expected to increase by ¥138 million due to costs including those for maintaining Bondlido's marketing approval.

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Consolidated earnings forecast for the fiscal year ending December 2026 | Medrx Co.,Ltd. (4586) timely disclosure | Komori