Nippon Shinyaku reports strong H1, raises full-year revenue outlook

Nippon Shinyaku Co., Ltd. reported consolidated results for the six months ended September 30, 2025, with revenue reaching 79,647 million yen, a 0.4% increase from the prior year. Operating profit rose 9.6% to 19,580 million yen, and profit before tax increased 10.1% to 20,029 million yen. Profit attributable to owners of parent was 15,760 million yen, a slight decrease of 3.7% due to higher income tax expenses. Basic earnings per share for the period were 233.88 yen.

The company's financial position strengthened, with total assets increasing to 297,037 million yen as of September 30, 2025, up from 283,637 million yen on March 31, 2025. This was mainly due to increases in cash and cash equivalents, and inventories. Cash flows from operating activities were 13,942 million yen, while investing activities generated 743 million yen. Dividends for FY2026 H1 were 62.00 yen per share, maintaining the previous year's interim dividend.

Nippon Shinyaku also updated its business forecast for the full year ending March 31, 2026, revising expected revenue to 168,000 million yen (up 4.8%), operating profit to 33,000 million yen (down 6.9%), and profit before tax to 33,700 million yen (down 6.7%). Profit attributable to owners of parent is now projected at 26,300 million yen (down 19.2%), leading to a basic earnings per share forecast of 390.20 yen. The upward revision in revenue is attributed to a revised co-promotion agreement for the prostate cancer treatment Erleada.