BUSINESS

Earnings Season Kicks Off, Off-Year Revision Impact in Spotlight

By Kohei Hori, Tatsuya Otsuka and Mayu Narita October 24, 2025
Japan’s major pharmaceutical companies and drug wholesalers will begin announcing their financial results from October 24, with markets watching closely how the FY2025 off-year drug price revision, implemented in April, has affected performance across the sector. The latest off-year revision…

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BUSINESS

By Kohei Hori

A Japanese health ministry proposal to impose steeper price cuts on certain medicines deemed to carry poor cost-effectiveness profiles cleared…

By Hayate Horiguchi

A Japanese drug pricing panel on November 11 discussed ways to respond to the US most-favored-nation (MFN) policy, with healthcare…

By Tatsuya Otsuka

On paper, things should be looking up for Japan’s pharmaceutical wholesalers. Industry expectations are mounting that the average gap between NHI and market prices will narrow further in FY2026 from the previous year’s record low of 4.8%.A shrinking gap should…

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The Japanese government approved a bill to amend the Pharmaceuticals and Medical Devices (PMD) Act at its Cabinet meeting on…

Japan’s health ministry doled out regulatory approvals for a throng of new medicines on December 27 including Eli Lilly’s obesity…

Japan’s all-important reimbursement policy panel on December 20 approved an outline of drug pricing reforms for FY2024, which enshrines a…