View Past PerformanceOtsuka バランスシートの健全性財務の健全性 基準チェック /66Otsukaの総株主資本は¥397.6B 、総負債は¥6.0Bで、負債比率は1.5%となります。総資産と総負債はそれぞれ¥749.5Bと¥351.9Bです。 Otsukaの EBIT は¥92.3Bで、利息カバレッジ比率-111.3です。現金および短期投資は¥260.1Bです。主要情報1.51%負債資本比率JP¥6.00b負債インタレスト・カバレッジ・レシオ-111.3x現金JP¥260.07bエクイティJP¥397.61b負債合計JP¥351.88b総資産JP¥749.49b財務の健全性に関する最新情報分析記事 • Sep 08Otsuka (TSE:4768) Has A Rock Solid Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...すべての更新を表示Recent updates分析記事 • May 08We Like The Quality Of Otsuka's (TSE:4768) EarningsThe market seemed underwhelmed by last week's earnings announcement from Otsuka Corporation ( TSE:4768 ) despite the...分析記事 • May 03Otsuka Corporation Just Recorded A 9.6% EPS Beat: Here's What Analysts Are Forecasting NextOtsuka Corporation ( TSE:4768 ) just released its first-quarter report and things are looking bullish. The company beat...Reported Earnings • May 01First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: JP¥44.01 (up from JP¥38.22 in 1Q 2025). Revenue: JP¥344.8b (up 9.3% from 1Q 2025). Net income: JP¥16.7b (up 15% from 1Q 2025). Profit margin: 4.8% (up from 4.6% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 9.6%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Apr 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.9% to JP¥2,882. The fair value is estimated to be JP¥3,631, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 6.7% per annum over the same time period.お知らせ • Apr 21Otsuka Corporation to Report Q1, 2026 Results on Apr 30, 2026Otsuka Corporation announced that they will report Q1, 2026 results on Apr 30, 2026Declared Dividend • Apr 11Final dividend of JP¥50.00 announcedShareholders will receive a dividend of JP¥50.00. Ex-date: 29th June 2026 Payment date: 3rd September 2026 Dividend yield will be 3.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Apr 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.0% to JP¥2,972. The fair value is estimated to be JP¥3,718, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 6.7% per annum over the same time period.お知らせ • Feb 27Otsuka Corporation, Annual General Meeting, Mar 27, 2026Otsuka Corporation, Annual General Meeting, Mar 27, 2026, at 10:00 Tokyo Standard Time.お知らせ • Feb 21Otsuka Corporation Announces Resignation of Makiko Hamabe as Outside Director, Effective February 20, 2026Otsuka Corporation announced Resignation of Makiko Hamabe as Outside Director, effective February 20, 2026, Due to personal reasons.Buy Or Sell Opportunity • Feb 13Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at JP¥3,013. The fair value is estimated to be JP¥3,825, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 6.7% per annum over the same time period.分析記事 • Feb 05The Otsuka Corporation (TSE:4768) Yearly Results Are Out And Analysts Have Published New ForecastsShareholders might have noticed that Otsuka Corporation ( TSE:4768 ) filed its yearly result this time last week. The...お知らせ • Feb 03+ 3 more updatesOtsuka Corporation Provides Dividend Guidance for the Second Quarter End of Fiscal Year Ending March 31, 2026Otsuka Corporation provided dividend guidance for the second quarter end of fiscal year ending March 31, 2026. For the quarter, the company expects dividend of JPY 50.00 per share compared to JPY 45.00 per share a year ago.Reported Earnings • Feb 03Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥170 (up from JP¥141 in FY 2024). Revenue: JP¥1.32t (up 19% from FY 2024). Net income: JP¥64.3b (up 20% from FY 2024). Profit margin: 4.9% (up from 4.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.2%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.分析記事 • Jan 09Capital Investment Trends At Otsuka (TSE:4768) Look StrongDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...Upcoming Dividend • Dec 22Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 March 2026. Payout ratio is a comfortable 72% and the cash payout ratio is 76%. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%).分析記事 • Dec 17Otsuka Corporation (TSE:4768) Investors Are Less Pessimistic Than ExpectedWith a price-to-earnings (or "P/E") ratio of 19.6x Otsuka Corporation ( TSE:4768 ) may be sending bearish signals at...分析記事 • Nov 18A Look At The Intrinsic Value Of Otsuka Corporation (TSE:4768)Key Insights The projected fair value for Otsuka is JP¥2,825 based on 2 Stage Free Cash Flow to Equity With JP¥2,965...Reported Earnings • Nov 01Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: JP¥32.71 (up from JP¥25.58 in 3Q 2024). Revenue: JP¥310.6b (up 23% from 3Q 2024). Net income: JP¥12.4b (up 28% from 3Q 2024). Profit margin: 4.0% (up from 3.8% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year.お知らせ • Oct 31Otsuka Corporation Provides Year End Dividend Guidance for the Fiscal Year Ending December 31, 2025Otsuka Corporation provided year end dividend guidance for the fiscal year ending December 31, 2025. For the period, the company expected year end dividend of JPY 40 per share.分析記事 • Oct 28Should You Be Adding Otsuka (TSE:4768) To Your Watchlist Today?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...お知らせ • Oct 15Otsuka Corporation to Report Q3, 2025 Results on Oct 31, 2025Otsuka Corporation announced that they will report Q3, 2025 results on Oct 31, 2025分析記事 • Sep 29A Look Into Otsuka's (TSE:4768) Impressive Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...分析記事 • Sep 08Otsuka (TSE:4768) Has A Rock Solid Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Declared Dividend • Sep 04First half dividend of JP¥40.00 announcedShareholders will receive a dividend of JP¥40.00. Ex-date: 29th December 2025 Payment date: 30th March 2026 Dividend yield will be 2.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (75% earnings payout ratio) but not covered by cash flows (220% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Aug 12Otsuka's (TSE:4768) Promising Earnings May Rest On Soft FoundationsTSE:4768 1 Year Share Price vs Fair Value Explore Otsuka's Fair Values from the Community and select yours...分析記事 • Aug 05Otsuka Corporation Just Missed Earnings - But Analysts Have Updated Their ModelsTSE:4768 1 Year Share Price vs Fair Value Explore Otsuka's Fair Values from the Community and select yours It's been a...Reported Earnings • Aug 02Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: JP¥51.78 (up from JP¥40.22 in 2Q 2024). Revenue: JP¥379.6b (up 25% from 2Q 2024). Net income: JP¥19.6b (up 29% from 2Q 2024). Profit margin: 5.2% (up from 5.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.分析記事 • Jul 29Here's Why We Think Otsuka (TSE:4768) Is Well Worth WatchingThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...お知らせ • Jul 15Otsuka Corporation to Report Q2, 2025 Results on Aug 01, 2025Otsuka Corporation announced that they will report Q2, 2025 results on Aug 01, 2025分析記事 • Jun 30There's Reason For Concern Over Otsuka Corporation's (TSE:4768) PriceWith a price-to-earnings (or "P/E") ratio of 19.8x Otsuka Corporation ( TSE:4768 ) may be sending bearish signals at...分析記事 • Jun 15Calculating The Intrinsic Value Of Otsuka Corporation (TSE:4768)Key Insights The projected fair value for Otsuka is JP¥2,823 based on 2 Stage Free Cash Flow to Equity Current share...分析記事 • Jun 01Otsuka (TSE:4768) Looks To Prolong Its Impressive ReturnsIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Reported Earnings • May 01First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: EPS: JP¥38.22 (up from JP¥30.80 in 1Q 2024). Revenue: JP¥315.5b (up 18% from 1Q 2024). Net income: JP¥14.5b (up 24% from 1Q 2024). Profit margin: 4.6% (up from 4.4% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.4%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 11% per year.お知らせ • Apr 12Otsuka Corporation to Report Q1, 2025 Results on Apr 30, 2025Otsuka Corporation announced that they will report Q1, 2025 results on Apr 30, 2025Buy Or Sell Opportunity • Feb 21Now 21% overvaluedOver the last 90 days, the stock has fallen 5.6% to JP¥3,499. The fair value is estimated to be JP¥2,902, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.Reported Earnings • Feb 04Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥141 (up from JP¥125 in FY 2023). Revenue: JP¥1.11t (up 13% from FY 2023). Net income: JP¥53.5b (up 13% from FY 2023). Profit margin: 4.8% (down from 4.9% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 03Otsuka Corporation, Annual General Meeting, Mar 27, 2025Otsuka Corporation, Annual General Meeting, Mar 27, 2025.お知らせ • Jan 17Otsuka Corporation to Report Fiscal Year 2024 Results on Feb 03, 2025Otsuka Corporation announced that they will report fiscal year 2024 results on Feb 03, 2025Upcoming Dividend • Dec 20Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. Payout ratio is a comfortable 50% and the cash payout ratio is 80%. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).Reported Earnings • Nov 02Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: JP¥25.58 (up from JP¥20.35 in 3Q 2023). Revenue: JP¥252.5b (up 15% from 3Q 2023). Net income: JP¥9.70b (up 26% from 3Q 2023). Profit margin: 3.8% (up from 3.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year.お知らせ • Oct 16Otsuka Corporation to Report Q3, 2024 Results on Oct 31, 2024Otsuka Corporation announced that they will report Q3, 2024 results on Oct 31, 2024Declared Dividend • Aug 07Dividend of JP¥70.00 announcedShareholders will receive a dividend of JP¥70.00. Ex-date: 27th December 2024 Payment date: 28th March 2025 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Aug 05Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at JP¥3,034. The fair value is estimated to be JP¥3,842, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 6.5%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 6.0% per annum over the same time period.Reported Earnings • Aug 03Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: JP¥26.81. Revenue: JP¥303.1b (up 8.8% from 2Q 2023). Net income: JP¥15.3b (up 10% from 2Q 2023). Profit margin: 5.0% (in line with 2Q 2023). Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 76%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the IT industry in Japan.お知らせ • Jul 14Otsuka Corporation to Report Q2, 2024 Results on Aug 01, 2024Otsuka Corporation announced that they will report Q2, 2024 results on Aug 01, 2024Reported Earnings • May 01First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2024 results: EPS: JP¥61.60 (up from JP¥30.57 in 1Q 2023). Revenue: JP¥266.7b (up 9.9% from 1Q 2023). Net income: JP¥11.7b (flat on 1Q 2023). Profit margin: 4.4% (down from 4.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 5.2%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 14Otsuka Corporation to Report Q1, 2024 Results on Apr 30, 2024Otsuka Corporation announced that they will report Q1, 2024 results on Apr 30, 2024Price Target Changed • Mar 28Price target decreased by 8.4% to JP¥3,288Down from JP¥3,591, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of JP¥3,201. Stock is up 38% over the past year. The company is forecast to post earnings per share of JP¥134 for next year compared to JP¥125 last year.Reported Earnings • Feb 03Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥250 (up from JP¥211 in FY 2022). Revenue: JP¥977.4b (up 14% from FY 2022). Net income: JP¥47.4b (up 19% from FY 2022). Profit margin: 4.9% (up from 4.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.4%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year.お知らせ • Feb 01Otsuka Corporation, Annual General Meeting, Mar 27, 2024Otsuka Corporation, Annual General Meeting, Mar 27, 2024.お知らせ • Jan 18Otsuka Corporation to Report Fiscal Year 2023 Results on Feb 01, 2024Otsuka Corporation announced that they will report fiscal year 2023 results on Feb 01, 2024Upcoming Dividend • Dec 21Upcoming dividend of JP¥130 per share at 2.2% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%).Reported Earnings • Nov 02Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: JP¥40.71 (down from JP¥45.29 in 3Q 2022). Revenue: JP¥219.0b (up 5.4% from 3Q 2022). Net income: JP¥7.72b (down 10% from 3Q 2022). Profit margin: 3.5% (down from 4.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 6.5%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year.お知らせ • Oct 18Otsuka Corporation to Report Q3, 2023 Results on Oct 31, 2023Otsuka Corporation announced that they will report Q3, 2023 results on Oct 31, 2023Reported Earnings • Aug 02Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: JP¥72.92 (up from JP¥65.03 in 2Q 2022). Revenue: JP¥278.4b (up 18% from 2Q 2022). Net income: JP¥13.8b (up 12% from 2Q 2022). Profit margin: 5.0% (down from 5.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year.お知らせ • Jul 15Otsuka Corporation to Report Q2, 2023 Results on Aug 01, 2023Otsuka Corporation announced that they will report Q2, 2023 results on Aug 01, 2023Price Target Changed • Jul 03Price target increased by 8.5% to JP¥5,769Up from JP¥5,319, the current price target is an average from 13 analysts. New target price is approximately in line with last closing price of JP¥5,629. Stock is up 39% over the past year. The company is forecast to post earnings per share of JP¥228 for next year compared to JP¥211 last year.Reported Earnings • May 03First quarter 2023 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2023 results: EPS: JP¥61.13 (up from JP¥55.48 in 1Q 2022). Revenue: JP¥242.6b (up 16% from 1Q 2022). Net income: JP¥11.6b (up 10% from 1Q 2022). Profit margin: 4.8% (down from 5.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 5.2%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 2% per year.Reported Earnings • Apr 01Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: JP¥211 (up from JP¥211 in FY 2021). Revenue: JP¥861.0b (up 1.1% from FY 2021). Net income: JP¥40.0b (flat on FY 2021). Profit margin: 4.6% (down from 4.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year.お知らせ • Feb 03Otsuka Corporation, Annual General Meeting, Mar 29, 2023Otsuka Corporation, Annual General Meeting, Mar 29, 2023.Reported Earnings • Feb 02Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: JP¥211 (up from JP¥211 in FY 2021). Revenue: JP¥861.0b (up 1.1% from FY 2021). Net income: JP¥40.0b (flat on FY 2021). Profit margin: 4.6% (down from 4.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year.お知らせ • Jan 18Otsuka Corporation to Report Fiscal Year 2022 Results on Feb 01, 2023Otsuka Corporation announced that they will report fiscal year 2022 results on Feb 01, 2023Upcoming Dividend • Dec 22Upcoming dividend of JP¥125 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 30 March 2023. Payout ratio is a comfortable 55% and the cash payout ratio is 75%. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%).Reported Earnings • Nov 18Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: JP¥36.35 (down from JP¥42.91 in 3Q 2021). Revenue: JP¥196.9b (up 2.2% from 3Q 2021). Net income: JP¥6.89b (down 15% from 3Q 2021). Profit margin: 3.5% (down from 4.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 8.6%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Outside Director Makiko Hamabe was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 02Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: JP¥36.35 (down from JP¥42.91 in 3Q 2021). Revenue: JP¥196.9b (up 2.2% from 3Q 2021). Net income: JP¥6.89b (down 15% from 3Q 2021). Profit margin: 3.5% (down from 4.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 8.6%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Buying Opportunity • Aug 08Now 22% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be JP¥6,067, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings is also forecast to grow by 9.3% per annum over the same time period.Reported Earnings • Aug 02Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: JP¥65.03 (up from JP¥64.19 in 2Q 2021). Revenue: JP¥235.3b (up 3.5% from 2Q 2021). Net income: JP¥12.3b (up 1.3% from 2Q 2021). Profit margin: 5.2% (down from 5.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 6.0%. Over the next year, revenue is forecast to grow 2.5%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Aug 02Investor sentiment improved over the past weekAfter last week's 17% share price gain to JP¥4,845, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥6,107 per share.Reported Earnings • Apr 30First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: JP¥55.48 (down from JP¥60.58 in 1Q 2021). Revenue: JP¥210.1b (down 12% from 1Q 2021). Net income: JP¥10.5b (down 8.4% from 1Q 2021). Profit margin: 5.0% (up from 4.8% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 8.4%. Over the next year, revenue is forecast to grow 3.0%, compared to a 7.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 1% per year.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Outside Director Makiko Hamabe was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 03Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: JP¥211 (up from JP¥207 in FY 2020). Revenue: JP¥851.9b (up 1.9% from FY 2020). Net income: JP¥39.9b (up 1.6% from FY 2020). Profit margin: 4.7% (in line with FY 2020). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 3.2%. Over the next year, revenue is forecast to stay flat compared to a 7.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year.Reported Earnings • Feb 02Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: JP¥211 (up from JP¥207 in FY 2020). Revenue: JP¥851.9b (up 1.9% from FY 2020). Net income: JP¥39.9b (up 1.6% from FY 2020). Profit margin: 4.7% (in line with FY 2020). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 5.8%, compared to a 7.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year.財務状況分析短期負債: 4768の 短期資産 ( ¥626.2B ) が 短期負債 ( ¥345.2B ) を超えています。長期負債: 4768の短期資産 ( ¥626.2B ) が 長期負債 ( ¥6.7B ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: 4768総負債よりも多くの現金を保有しています。負債の削減: 4768の負債対資本比率は、過去 5 年間で2.4%から1.5%に減少しました。債務返済能力: 4768の負債は 営業キャッシュフロー によって 十分にカバー されています ( 1924.6% )。インタレストカバレッジ: 4768支払う利息よりも稼ぐ利息の方が多いので、利息支払い の補償は問題になりません。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/27 22:56終値2026/05/27 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Otsuka Corporation 13 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。24 アナリスト機関Yuki KanekoBofA Global ResearchHideo NodaCLSAnull nullDaiwa Securities Co. Ltd.21 その他のアナリストを表示
分析記事 • Sep 08Otsuka (TSE:4768) Has A Rock Solid Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
分析記事 • May 08We Like The Quality Of Otsuka's (TSE:4768) EarningsThe market seemed underwhelmed by last week's earnings announcement from Otsuka Corporation ( TSE:4768 ) despite the...
分析記事 • May 03Otsuka Corporation Just Recorded A 9.6% EPS Beat: Here's What Analysts Are Forecasting NextOtsuka Corporation ( TSE:4768 ) just released its first-quarter report and things are looking bullish. The company beat...
Reported Earnings • May 01First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: JP¥44.01 (up from JP¥38.22 in 1Q 2025). Revenue: JP¥344.8b (up 9.3% from 1Q 2025). Net income: JP¥16.7b (up 15% from 1Q 2025). Profit margin: 4.8% (up from 4.6% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 9.6%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Apr 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.9% to JP¥2,882. The fair value is estimated to be JP¥3,631, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 6.7% per annum over the same time period.
お知らせ • Apr 21Otsuka Corporation to Report Q1, 2026 Results on Apr 30, 2026Otsuka Corporation announced that they will report Q1, 2026 results on Apr 30, 2026
Declared Dividend • Apr 11Final dividend of JP¥50.00 announcedShareholders will receive a dividend of JP¥50.00. Ex-date: 29th June 2026 Payment date: 3rd September 2026 Dividend yield will be 3.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Apr 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.0% to JP¥2,972. The fair value is estimated to be JP¥3,718, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 6.7% per annum over the same time period.
お知らせ • Feb 27Otsuka Corporation, Annual General Meeting, Mar 27, 2026Otsuka Corporation, Annual General Meeting, Mar 27, 2026, at 10:00 Tokyo Standard Time.
お知らせ • Feb 21Otsuka Corporation Announces Resignation of Makiko Hamabe as Outside Director, Effective February 20, 2026Otsuka Corporation announced Resignation of Makiko Hamabe as Outside Director, effective February 20, 2026, Due to personal reasons.
Buy Or Sell Opportunity • Feb 13Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at JP¥3,013. The fair value is estimated to be JP¥3,825, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 6.7% per annum over the same time period.
分析記事 • Feb 05The Otsuka Corporation (TSE:4768) Yearly Results Are Out And Analysts Have Published New ForecastsShareholders might have noticed that Otsuka Corporation ( TSE:4768 ) filed its yearly result this time last week. The...
お知らせ • Feb 03+ 3 more updatesOtsuka Corporation Provides Dividend Guidance for the Second Quarter End of Fiscal Year Ending March 31, 2026Otsuka Corporation provided dividend guidance for the second quarter end of fiscal year ending March 31, 2026. For the quarter, the company expects dividend of JPY 50.00 per share compared to JPY 45.00 per share a year ago.
Reported Earnings • Feb 03Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥170 (up from JP¥141 in FY 2024). Revenue: JP¥1.32t (up 19% from FY 2024). Net income: JP¥64.3b (up 20% from FY 2024). Profit margin: 4.9% (up from 4.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.2%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
分析記事 • Jan 09Capital Investment Trends At Otsuka (TSE:4768) Look StrongDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...
Upcoming Dividend • Dec 22Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 March 2026. Payout ratio is a comfortable 72% and the cash payout ratio is 76%. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%).
分析記事 • Dec 17Otsuka Corporation (TSE:4768) Investors Are Less Pessimistic Than ExpectedWith a price-to-earnings (or "P/E") ratio of 19.6x Otsuka Corporation ( TSE:4768 ) may be sending bearish signals at...
分析記事 • Nov 18A Look At The Intrinsic Value Of Otsuka Corporation (TSE:4768)Key Insights The projected fair value for Otsuka is JP¥2,825 based on 2 Stage Free Cash Flow to Equity With JP¥2,965...
Reported Earnings • Nov 01Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: JP¥32.71 (up from JP¥25.58 in 3Q 2024). Revenue: JP¥310.6b (up 23% from 3Q 2024). Net income: JP¥12.4b (up 28% from 3Q 2024). Profit margin: 4.0% (up from 3.8% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year.
お知らせ • Oct 31Otsuka Corporation Provides Year End Dividend Guidance for the Fiscal Year Ending December 31, 2025Otsuka Corporation provided year end dividend guidance for the fiscal year ending December 31, 2025. For the period, the company expected year end dividend of JPY 40 per share.
分析記事 • Oct 28Should You Be Adding Otsuka (TSE:4768) To Your Watchlist Today?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
お知らせ • Oct 15Otsuka Corporation to Report Q3, 2025 Results on Oct 31, 2025Otsuka Corporation announced that they will report Q3, 2025 results on Oct 31, 2025
分析記事 • Sep 29A Look Into Otsuka's (TSE:4768) Impressive Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
分析記事 • Sep 08Otsuka (TSE:4768) Has A Rock Solid Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Declared Dividend • Sep 04First half dividend of JP¥40.00 announcedShareholders will receive a dividend of JP¥40.00. Ex-date: 29th December 2025 Payment date: 30th March 2026 Dividend yield will be 2.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (75% earnings payout ratio) but not covered by cash flows (220% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Aug 12Otsuka's (TSE:4768) Promising Earnings May Rest On Soft FoundationsTSE:4768 1 Year Share Price vs Fair Value Explore Otsuka's Fair Values from the Community and select yours...
分析記事 • Aug 05Otsuka Corporation Just Missed Earnings - But Analysts Have Updated Their ModelsTSE:4768 1 Year Share Price vs Fair Value Explore Otsuka's Fair Values from the Community and select yours It's been a...
Reported Earnings • Aug 02Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: JP¥51.78 (up from JP¥40.22 in 2Q 2024). Revenue: JP¥379.6b (up 25% from 2Q 2024). Net income: JP¥19.6b (up 29% from 2Q 2024). Profit margin: 5.2% (up from 5.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
分析記事 • Jul 29Here's Why We Think Otsuka (TSE:4768) Is Well Worth WatchingThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
お知らせ • Jul 15Otsuka Corporation to Report Q2, 2025 Results on Aug 01, 2025Otsuka Corporation announced that they will report Q2, 2025 results on Aug 01, 2025
分析記事 • Jun 30There's Reason For Concern Over Otsuka Corporation's (TSE:4768) PriceWith a price-to-earnings (or "P/E") ratio of 19.8x Otsuka Corporation ( TSE:4768 ) may be sending bearish signals at...
分析記事 • Jun 15Calculating The Intrinsic Value Of Otsuka Corporation (TSE:4768)Key Insights The projected fair value for Otsuka is JP¥2,823 based on 2 Stage Free Cash Flow to Equity Current share...
分析記事 • Jun 01Otsuka (TSE:4768) Looks To Prolong Its Impressive ReturnsIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Reported Earnings • May 01First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: EPS: JP¥38.22 (up from JP¥30.80 in 1Q 2024). Revenue: JP¥315.5b (up 18% from 1Q 2024). Net income: JP¥14.5b (up 24% from 1Q 2024). Profit margin: 4.6% (up from 4.4% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.4%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 11% per year.
お知らせ • Apr 12Otsuka Corporation to Report Q1, 2025 Results on Apr 30, 2025Otsuka Corporation announced that they will report Q1, 2025 results on Apr 30, 2025
Buy Or Sell Opportunity • Feb 21Now 21% overvaluedOver the last 90 days, the stock has fallen 5.6% to JP¥3,499. The fair value is estimated to be JP¥2,902, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.
Reported Earnings • Feb 04Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥141 (up from JP¥125 in FY 2023). Revenue: JP¥1.11t (up 13% from FY 2023). Net income: JP¥53.5b (up 13% from FY 2023). Profit margin: 4.8% (down from 4.9% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 03Otsuka Corporation, Annual General Meeting, Mar 27, 2025Otsuka Corporation, Annual General Meeting, Mar 27, 2025.
お知らせ • Jan 17Otsuka Corporation to Report Fiscal Year 2024 Results on Feb 03, 2025Otsuka Corporation announced that they will report fiscal year 2024 results on Feb 03, 2025
Upcoming Dividend • Dec 20Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. Payout ratio is a comfortable 50% and the cash payout ratio is 80%. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).
Reported Earnings • Nov 02Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: JP¥25.58 (up from JP¥20.35 in 3Q 2023). Revenue: JP¥252.5b (up 15% from 3Q 2023). Net income: JP¥9.70b (up 26% from 3Q 2023). Profit margin: 3.8% (up from 3.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year.
お知らせ • Oct 16Otsuka Corporation to Report Q3, 2024 Results on Oct 31, 2024Otsuka Corporation announced that they will report Q3, 2024 results on Oct 31, 2024
Declared Dividend • Aug 07Dividend of JP¥70.00 announcedShareholders will receive a dividend of JP¥70.00. Ex-date: 27th December 2024 Payment date: 28th March 2025 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Aug 05Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at JP¥3,034. The fair value is estimated to be JP¥3,842, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 6.5%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 6.0% per annum over the same time period.
Reported Earnings • Aug 03Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: JP¥26.81. Revenue: JP¥303.1b (up 8.8% from 2Q 2023). Net income: JP¥15.3b (up 10% from 2Q 2023). Profit margin: 5.0% (in line with 2Q 2023). Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 76%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the IT industry in Japan.
お知らせ • Jul 14Otsuka Corporation to Report Q2, 2024 Results on Aug 01, 2024Otsuka Corporation announced that they will report Q2, 2024 results on Aug 01, 2024
Reported Earnings • May 01First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2024 results: EPS: JP¥61.60 (up from JP¥30.57 in 1Q 2023). Revenue: JP¥266.7b (up 9.9% from 1Q 2023). Net income: JP¥11.7b (flat on 1Q 2023). Profit margin: 4.4% (down from 4.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 5.2%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 14Otsuka Corporation to Report Q1, 2024 Results on Apr 30, 2024Otsuka Corporation announced that they will report Q1, 2024 results on Apr 30, 2024
Price Target Changed • Mar 28Price target decreased by 8.4% to JP¥3,288Down from JP¥3,591, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of JP¥3,201. Stock is up 38% over the past year. The company is forecast to post earnings per share of JP¥134 for next year compared to JP¥125 last year.
Reported Earnings • Feb 03Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥250 (up from JP¥211 in FY 2022). Revenue: JP¥977.4b (up 14% from FY 2022). Net income: JP¥47.4b (up 19% from FY 2022). Profit margin: 4.9% (up from 4.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.4%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year.
お知らせ • Feb 01Otsuka Corporation, Annual General Meeting, Mar 27, 2024Otsuka Corporation, Annual General Meeting, Mar 27, 2024.
お知らせ • Jan 18Otsuka Corporation to Report Fiscal Year 2023 Results on Feb 01, 2024Otsuka Corporation announced that they will report fiscal year 2023 results on Feb 01, 2024
Upcoming Dividend • Dec 21Upcoming dividend of JP¥130 per share at 2.2% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%).
Reported Earnings • Nov 02Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: JP¥40.71 (down from JP¥45.29 in 3Q 2022). Revenue: JP¥219.0b (up 5.4% from 3Q 2022). Net income: JP¥7.72b (down 10% from 3Q 2022). Profit margin: 3.5% (down from 4.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 6.5%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year.
お知らせ • Oct 18Otsuka Corporation to Report Q3, 2023 Results on Oct 31, 2023Otsuka Corporation announced that they will report Q3, 2023 results on Oct 31, 2023
Reported Earnings • Aug 02Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: JP¥72.92 (up from JP¥65.03 in 2Q 2022). Revenue: JP¥278.4b (up 18% from 2Q 2022). Net income: JP¥13.8b (up 12% from 2Q 2022). Profit margin: 5.0% (down from 5.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year.
お知らせ • Jul 15Otsuka Corporation to Report Q2, 2023 Results on Aug 01, 2023Otsuka Corporation announced that they will report Q2, 2023 results on Aug 01, 2023
Price Target Changed • Jul 03Price target increased by 8.5% to JP¥5,769Up from JP¥5,319, the current price target is an average from 13 analysts. New target price is approximately in line with last closing price of JP¥5,629. Stock is up 39% over the past year. The company is forecast to post earnings per share of JP¥228 for next year compared to JP¥211 last year.
Reported Earnings • May 03First quarter 2023 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2023 results: EPS: JP¥61.13 (up from JP¥55.48 in 1Q 2022). Revenue: JP¥242.6b (up 16% from 1Q 2022). Net income: JP¥11.6b (up 10% from 1Q 2022). Profit margin: 4.8% (down from 5.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 5.2%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 2% per year.
Reported Earnings • Apr 01Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: JP¥211 (up from JP¥211 in FY 2021). Revenue: JP¥861.0b (up 1.1% from FY 2021). Net income: JP¥40.0b (flat on FY 2021). Profit margin: 4.6% (down from 4.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year.
お知らせ • Feb 03Otsuka Corporation, Annual General Meeting, Mar 29, 2023Otsuka Corporation, Annual General Meeting, Mar 29, 2023.
Reported Earnings • Feb 02Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: JP¥211 (up from JP¥211 in FY 2021). Revenue: JP¥861.0b (up 1.1% from FY 2021). Net income: JP¥40.0b (flat on FY 2021). Profit margin: 4.6% (down from 4.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year.
お知らせ • Jan 18Otsuka Corporation to Report Fiscal Year 2022 Results on Feb 01, 2023Otsuka Corporation announced that they will report fiscal year 2022 results on Feb 01, 2023
Upcoming Dividend • Dec 22Upcoming dividend of JP¥125 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 30 March 2023. Payout ratio is a comfortable 55% and the cash payout ratio is 75%. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%).
Reported Earnings • Nov 18Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: JP¥36.35 (down from JP¥42.91 in 3Q 2021). Revenue: JP¥196.9b (up 2.2% from 3Q 2021). Net income: JP¥6.89b (down 15% from 3Q 2021). Profit margin: 3.5% (down from 4.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 8.6%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Outside Director Makiko Hamabe was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 02Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: JP¥36.35 (down from JP¥42.91 in 3Q 2021). Revenue: JP¥196.9b (up 2.2% from 3Q 2021). Net income: JP¥6.89b (down 15% from 3Q 2021). Profit margin: 3.5% (down from 4.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 8.6%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Buying Opportunity • Aug 08Now 22% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be JP¥6,067, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings is also forecast to grow by 9.3% per annum over the same time period.
Reported Earnings • Aug 02Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: JP¥65.03 (up from JP¥64.19 in 2Q 2021). Revenue: JP¥235.3b (up 3.5% from 2Q 2021). Net income: JP¥12.3b (up 1.3% from 2Q 2021). Profit margin: 5.2% (down from 5.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 6.0%. Over the next year, revenue is forecast to grow 2.5%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Aug 02Investor sentiment improved over the past weekAfter last week's 17% share price gain to JP¥4,845, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥6,107 per share.
Reported Earnings • Apr 30First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: JP¥55.48 (down from JP¥60.58 in 1Q 2021). Revenue: JP¥210.1b (down 12% from 1Q 2021). Net income: JP¥10.5b (down 8.4% from 1Q 2021). Profit margin: 5.0% (up from 4.8% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 8.4%. Over the next year, revenue is forecast to grow 3.0%, compared to a 7.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 1% per year.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Outside Director Makiko Hamabe was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 03Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: JP¥211 (up from JP¥207 in FY 2020). Revenue: JP¥851.9b (up 1.9% from FY 2020). Net income: JP¥39.9b (up 1.6% from FY 2020). Profit margin: 4.7% (in line with FY 2020). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 3.2%. Over the next year, revenue is forecast to stay flat compared to a 7.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year.
Reported Earnings • Feb 02Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: JP¥211 (up from JP¥207 in FY 2020). Revenue: JP¥851.9b (up 1.9% from FY 2020). Net income: JP¥39.9b (up 1.6% from FY 2020). Profit margin: 4.7% (in line with FY 2020). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 5.8%, compared to a 7.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year.