The summary of full-year results for D. Western Therapeutics Institute (abbreviated as “DWTI,” hereinafter the “Company”) for FY2025/12 is as follows.
Net sales fell 17.8% YoY to JPY 387 mn, mainly reflecting the end of domestic single-agent royalty income from glaucoma treatment drug GLANATEC® in September 2024.
In terms of expenses, cost of sales came to JPY 38 mn (-17.0% YoY), while SG&A expenses dropped 40.7% YoY to JPY 968 mn. Of the SG&A expenses, R&D expenses came to JPY 669 mn (-51.0% YoY).
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D. Western Therapeutics Institute (DWTI) (4576 JP) - Q4 Follow-Up - March 3, 2026