Chugai Pharmaceutical Co ( (CHGCF) ) has released its Q4 earnings. Here is a breakdown of the information Chugai Pharmaceutical Co presented to its investors.
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Chugai Pharmaceutical Co., Ltd. is a Japan-based company that specializes in research, development, manufacturing, and sales of pharmaceutical products, primarily in the biotechnology sector, known for its innovation through AI-assisted drug discovery technology.
Chugai Pharmaceutical has reported record-high financial results for the fiscal year 2024, with significant increases in core revenue, operating profit, and net income, driven by strong product exports and innovative R&D achievements.
Key financial highlights include a 5.3% increase in core revenue to ¥1,170.6 billion, a 23.4% rise in core operating profit to ¥556.1 billion, and a 19% growth in core net income to ¥397.1 billion. Despite domestic sales challenges due to market factors, overseas sales, particularly of Hemlibra, have soared. The company has made significant strides in R&D, with several new drugs entering clinical trials and receiving global approvals, showcasing its innovative capabilities.
Looking ahead, Chugai forecasts continued growth in 2025, with anticipated record highs in core revenue and operating profit. The company plans to celebrate its 100th anniversary with special dividends, indicating strong confidence in its future performance and commitment to rewarding shareholders.
Chugai’s management is optimistic about its future, aiming to leverage its unique science and technology capabilities to continue expanding its impact on global health, aligning with its long-term vision and commitment to innovation.
