Income Statement

Financial highlights (Core results)

(Billions of Yen)

  2015 2016 2017 2018 2019
  Revenues 498.8 491.8 534.2 579.8 686.2
  Sales 468.4 472.7 499.3 527.8 588.9
  Domestic - - 405.3 399.9 437.6
  Overseas - - 94.0 127.9 151.3
  Royalties and other operating income 30.4 19.1 34.9 51.9 97.3
  Royalty and profit-sharing income - - 17.2 24.1 76.5
  Other operating income - - 17.7 27.9 20.8
  Cost of sales (238.9) (246.7) (252.9) (261.9) (265.1)
  (% of Sales) 51.0 52.2 50.7 49.6 45.0
  Gross profit 260.0 245.0 281.3 317.9 421.1
  (% of Revenues) 52.1 49.8 52.7 54.8 61.4
  Operating expenses (169.3) (164.5) (178.1) (187.6) (196.2)
  (% of Revenues) 33.9 33.4 33.3 32.4 28.6
  Marketing and distribution (74.7) (69.8) (72.8) (73.7) (73.5)
  (% of Revenues) 15.0 14.2 13.6 12.7 10.7
  Research and development (81.9) (82.6) (88.9) (94.2) (102.1)
  (% of Revenues) 16.4 16.8 16.6 16.2 14.9
  General and administration (12.8) (12.1) (16.3) (19.7) (20.6)
  (% of Revenues) 2.6 2.5 3.1 3.4 3.0
  Operating profit 90.7 80.6 103.2 130.3 224.9
  (% of Revenues) 18.2 16.4 19.3 22.5 32.8
  Financing costs (0.1) (0.1) (0.1) (0.1) (0.1)
  Other financial income (expense) 0.6 1.1 (0.1) 0.4 0.5
  Other expense - (3.5) (1.7) (3.2) (3.1)
  Profit before taxes 91.2 78.1 101.3 127.5 222.2
  (% of Revenues) 18.3 15.9 19.0 22.0 32.4
  Income taxes (26.3) (21.3) (24.5) (30.2) (54.6)
  Net income 64.9 56.8 76.7 97.3 167.6
  (% of Revenues) 13.0 11.5 14.4 16.8 24.4
  Attributable to          
  Chugai shareholders 63.7 56.1 75.9 96.7 167.6
  Non-controlling interests 1.2 0.8 0.8 0.6 -
  Weighted average number of shares in issue used to calculate diluted earnings per share (Millions of shares) 547 547 547 548 548
  Core earnings per share (diluted) (yen) 116.42 102.50 138.68 176.42 305.80
  Core payout ratio (%) 49.8 50.7 44.7 48.7 45.8
  Dividend per share (Full year) (yen) 58 52 62 86 140
  Dividend per share (Year end) (yen) 32 26 33 55 92
  Dividend per share (Half year) (yen) 26 26 29 31 48

Core earnings per share (diluted) (yen) : Net income attributable to Chugai shareholders / Weighted average number of shares in issue used to calculate diluted earnings per share.
Other financial income (expense) includes net amount of FX related gains/losses.

Core Operating Profit

Core R&D Expense

Core Cost Structure

  • Amounts are rounded to the nearest 0.1 billion yen.
    Variance and % are calculated based on amounts shown.
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Financial Results

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