BUSINESS

60% of Japan Drug Makers See Lower Operating Profit in H1 FY2025, R&D Costs Weigh on Mid-Sized Firms

By Kohei Hori and Mayu Narita November 21, 2025
Roughly 60% of 24 major Japanese pharmaceutical companies posted year-on-year declines in operating profit for the first half of FY2025, with many mid-sized players citing higher R&D costs as the main driver, according to a Jiho tally. Net profit also…

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