View Future GrowthOtsuka 과거 순이익 실적과거 기준 점검 5/6Otsuka은 연평균 11.4%의 비율로 수입이 증가해 온 반면, IT 산업은 수입이 12.7% 증가했습니다. 매출은 연평균 10.4%의 비율로 증가했습니다. Otsuka의 자기자본이익률은 17%이고 순이익률은 4.9%입니다.핵심 정보11.42%순이익 성장률11.42%주당순이익(EPS) 성장률IT 산업 성장률14.26%매출 성장률10.43%자기자본이익률16.96%순이익률4.92%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트분석 기사 • 10hWe 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...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.공지 • Apr 21Otsuka Corporation to Report Q1, 2026 Results on Apr 30, 2026Otsuka Corporation announced that they will report Q1, 2026 results on Apr 30, 2026Reported 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.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.공지 • Oct 15Otsuka Corporation to Report Q3, 2025 Results on Oct 31, 2025Otsuka Corporation announced that they will report Q3, 2025 results on Oct 31, 2025모든 업데이트 보기Recent updates분석 기사 • 10hWe 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...분석 기사 • 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.공지 • 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.공지 • Feb 27Otsuka Corporation, Annual General Meeting, Mar 27, 2026Otsuka Corporation, Annual General Meeting, Mar 27, 2026, at 10:00 Tokyo Standard Time.공지 • 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.분석 기사 • 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...공지 • 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.분석 기사 • 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%).분석 기사 • 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...분석 기사 • 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.공지 • 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.분석 기사 • 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...공지 • Oct 15Otsuka Corporation to Report Q3, 2025 Results on Oct 31, 2025Otsuka Corporation announced that they will report Q3, 2025 results on Oct 31, 2025분석 기사 • 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...분석 기사 • 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.분석 기사 • 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...분석 기사 • 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.분석 기사 • 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...공지 • Jul 15Otsuka Corporation to Report Q2, 2025 Results on Aug 01, 2025Otsuka Corporation announced that they will report Q2, 2025 results on Aug 01, 2025분석 기사 • 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...분석 기사 • 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...분석 기사 • 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.공지 • 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.공지 • Feb 03Otsuka Corporation, Annual General Meeting, Mar 27, 2025Otsuka Corporation, Annual General Meeting, Mar 27, 2025.공지 • 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.공지 • 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.공지 • 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.공지 • 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.공지 • Feb 01Otsuka Corporation, Annual General Meeting, Mar 27, 2024Otsuka Corporation, Annual General Meeting, Mar 27, 2024.공지 • 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.공지 • 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.공지 • 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.공지 • 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.공지 • 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.매출 및 비용 세부 내역Otsuka가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TSE:4768 매출, 비용 및 순이익 (JPY Millions)날짜매출순이익일반관리비연구개발비31 Mar 261,352,00366,500165,369031 Dec 251,322,79164,303155,095030 Sep 251,291,12563,381151,845030 Jun 251,233,07860,678148,871031 Mar 251,156,54556,293146,332031 Dec 241,107,66853,481143,761030 Sep 241,059,57450,944141,274030 Jun 241,026,03648,961139,671031 Mar 241,001,42547,536137,252031 Dec 23977,37047,448134,755030 Sep 23958,88143,418132,233030 Jun 23936,74242,591128,958031 Mar 23893,56241,094125,464031 Dec 22861,02240,022123,101030 Sep 22845,81439,570120,347030 Jun 22830,60539,118117,592031 Mar 22822,61338,960115,936031 Dec 21851,89439,927114,907030 Sep 21860,95041,052114,511030 Jun 21870,00542,177114,114031 Mar 21851,34439,913111,880031 Dec 20836,32339,309111,419030 Sep 20854,07141,307109,996030 Jun 20869,32540,764113,477031 Mar 20892,18444,337113,870031 Dec 19886,53643,497112,137030 Sep 19860,84442,005109,602030 Jun 19820,16238,332106,858031 Mar 19787,32735,579105,749031 Dec 18759,87133,601104,628030 Sep 18740,76331,985103,914030 Jun 18723,44431,810102,831031 Mar 18702,11331,579101,599031 Dec 17691,16631,560100,647030 Sep 17677,20130,37299,651030 Jun 17662,49329,25798,625031 Mar 17652,56528,22497,299031 Dec 16643,41726,67596,011030 Sep 16638,15225,69095,381030 Jun 16629,62125,01594,511031 Mar 16620,76424,48593,582031 Dec 15609,04523,70592,749030 Sep 15596,19323,72992,374030 Jun 15591,28823,08891,3570양질의 수익: 4768는 고품질 수익을 보유하고 있습니다.이익 마진 증가: 4768의 현재 순 이익률 (4.9%)은 지난해 (4.9%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 4768의 수익은 지난 5년 동안 연평균 11.4% 증가했습니다.성장 가속화: 지난 1년간 4768 의 수익 증가율(18.1%)은 연간 평균(11.4%)을 초과합니다.수익 대 산업: 4768의 지난 1년 수익 증가율(18.1%)은 IT 업계의 16.4%를 상회했습니다.자기자본이익률높은 ROE: 4768의 자본 수익률(17%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSoftware 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/08 07:44종가2026/05/08 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Otsuka Corporation는 23명의 분석가가 다루고 있습니다. 이 중 13명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Yuki KanekoBofA Global ResearchHideo NodaCLSAMakoto UenoDaiwa Securities Co. Ltd.20명의 분석가 더 보기
분석 기사 • 10hWe 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...
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.
공지 • 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
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.
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.
공지 • 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
분석 기사 • 10hWe 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...
분석 기사 • 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.
공지 • 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.
공지 • Feb 27Otsuka Corporation, Annual General Meeting, Mar 27, 2026Otsuka Corporation, Annual General Meeting, Mar 27, 2026, at 10:00 Tokyo Standard Time.
공지 • 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.
분석 기사 • 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...
공지 • 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.
분석 기사 • 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%).
분석 기사 • 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...
분석 기사 • 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.
공지 • 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.
분석 기사 • 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...
공지 • 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
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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...
공지 • 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
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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.
공지 • 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.
공지 • Feb 03Otsuka Corporation, Annual General Meeting, Mar 27, 2025Otsuka Corporation, Annual General Meeting, Mar 27, 2025.
공지 • 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.
공지 • 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.
공지 • 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.
공지 • 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.
공지 • Feb 01Otsuka Corporation, Annual General Meeting, Mar 27, 2024Otsuka Corporation, Annual General Meeting, Mar 27, 2024.
공지 • 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.
공지 • 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.
공지 • 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.
공지 • 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.
공지 • 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.