Month: July 2016

Astellas Reports First Quarter Financial Results of FY2016 (pdf 164KB)

On July 29, 2016 Astellas Pharma Inc. (TSE:4503, President and CEO: Yoshihiko Hatanaka, "Astellas") reported financial results for the first quarter of fiscal year 2016 ending March 31, 2017 ("FY2016") (Press release, Astellas, JUL 29, 2016, View Source [SID:1234514121]).

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"We are pleased with our solid performance and ability to achieve sustainable growth through increasing sales of XTANDI and overall OAB treatments, new product introductions and focused investment in innovation and strengthening our base," said Yoshihiko Hatanaka, President and CEO, Astellas. "We remain confident in our ability to deliver value for patients and for our stakeholders as we continue to advance our strategic plan of maximizing the product value, creating innovation and pursuing operational excellence."

Consolidated Financial Results (April 1, 2016 – June 30, 2016) (core basis)
(Millions of yen)
Q1 FY2015
Q1 FY2016
Change (%)

Sales 343,659
337,752
-5,907 (-1.7%)

Core operating profit
67,820
93,951
+26,131 (+38.5%)

Core profit for the period
45,031
67,148
+22,117 (+49.1%)

Basic core earnings per share (yen)
20.57
31.60
+11.03 (+53.6%)

Impact of Foreign Exchange Rate on Financial Results

The foreign exchange rates for the yen in the first three months of FY2016 are shown in the table below. The resulting impacts were a 25.6 billion yen decrease in sales and a 0.4 billion yen increase in core operating profit compared with if the exchange rates of the three months of FY2015 were applied.

Average rate
Q1 FY2015
Q1 FY2016
Change

USD/yen
121
108
13 yen (Strengthening of yen)

Euro/yen
134
122
12 yen (Strengthening of yen)

Change from beginning to end of period
As of June 30, 2015
As of June 30, 2016

USD/yen
2 yen (Weakening of yen)
10 yen (Strengthening of yen)

Euro/yen
7 yen (Weakening of yen)
13 yen (Strengthening of yen)

Quarterly Revenue Highlights

Sales in the first three months of FY2016 decreased by 1.7% compared to those in the corresponding period of the previous fiscal year ("year-on-year") to 337.8 billion yen.

Sales decreased due to the impacts such as the NHI drug price revision in Japan enforced in April 2016 as well as the impact of foreign exchange. On a constant currency basis, however, sales increased by approximately 6 % year-on-year.

In terms of global products, sales of XTANDI and overall OAB treatments Vesicare (solifenacin succinate) and Betanis / Myrbetriq / BETMIGA (mirabegron) grew, while sales of Prograf (tacrolimus) decreased due to foreign exchange while sales of Prograf increased on a constant currency exchange rate basis.

< Sales by Region1 >
Sales in Japan decreased by 1.1% year-on-year to 124.2 billion yen mainly due to the NHI drug price revision. This reflected underlying growth in sales of products including overall OAB treatments (Vesicare andBetanis), Celecox (celecoxib) and Symbicort (budesonide and formoterol fumarate dihydrate). Sales of XTANDI decreased due to the NHI drug price revision. Sales of vaccines declined mainly due to the continued impact of the restrain of shipment by the manufacturer in FY2015 (shipments of some of products have already been recommenced). Revenues were impacted by the decline in sales of products including Lipitor (atorvastatin calcium) and Gaster (famotidine) mainly due to the impact of generics.

Sales in the Americas decreased by 6.3% year-on-year to 107.6 billion yen; however sales on a USD basis increased by 5.2% year-on-year to 995 million USD. This was driven by an increase in sales of XTANDI and CRESEMBA (isavuconazonium sulfate). Sales of products including overall OAB treatments (VESIcare and Myrbetriq), Prograf and Lexiscan (regadenosan) decreased due to the impact of foreign exchange. The sales of each product on a USD basis increased.

EMEA2 saw a 4.4% increase in sales year-on-year to 85.3 billion yen, with growth from XTANDI. Sales of overall OAB treatments (Vesicare and BETMIGA) and Prograf declined due to foreign exchange. Sales on a Euro basis increased by 14.8% year-on-year to 699 million Euros.

In Asia and Oceania, sales decreased by 3.8% year-on-year to 20.7 billion yen. XTANDI, overall OAB treatments (Vesicare and BETMIGA) and Harnal (tamsulosin hydrochloride) contributed to the revenue growth. Sales of Prograf declined mainly due to the foreign exchange impact. Sales on a constant currency exchange rate basis increased by 14.7% year-on-year.

Expense and Other Financial Highlights
Gross profit increased by 5.0% year-on-year to 266.3 billion yen, because a decrease in cost of sales exceeded a decrease in sales. The cost-to-sales ratio fell 5.1 percentage points year-on-year to 21.2%, owing to changes in the product mix and the foreign exchange rate impact from the elimination of unrealized gains in intra-group transactions.

Selling, general and administrative expenses decreased by 5.7% year-on-year to 111.9 billion yen mainly due to the foreign exchange rate impact.

Research and development ("R&D") expenses decreased by 8.9% year-on-year to 51.0 billion yen partly due to the impact of foreign exchange, although steady progress of development was shown. The R&D cost-to-sales ratio was down 1.2 percentage points year-on-year to 15.1%.
Amortization of intangible assets was 9.0 billion yen, down 17.5% year-on-year.

As a result of the above, core operating profit increased by 38.5% year-on-year to 94.0 billion yen. Meanwhile, core profit for the period increased by 49.1% year-on-year to 67.1 billion yen and basic core earnings per share increased by 53.6% year-on-year to 31.60 yen.

Resulting from the transfer of the global dermatology business in April 2016, the sales and the expenses of the transferred products were not included in the first three month of FY2016. On the other hand, consideration of the business transfer was recognized as revenue over certain periods. As a result, there were certain positive impacts on sales and profit for the first three months of FY2016.

FY2016 Guidance
The company has chosen to leave its business forecasts unchanged from the consolidated full-year business forecasts announced in May 2016 as it does not expect large deviations from the forecasts.

Strategic Quarterly Highlights
Astellas continues to create a solid and resilient continuity of growth over the mid – to long-term through the pursuit of three main strategies – "Maximizing the Product Value," "Creating Innovation" and "Pursuing Operational Excellence."

Maximizing the Product Value
Received a marketing authorization from the European Medicines Agency (EMA) to include data from the TERRAIN trial in the XTANDI label

XTANDI and Myrbetriq / BETMIGA newly launched across multiple countries; Repatha (evolocumab) launched in Japan

Creating Innovation
Progressed the pipeline with several products entering Phase III including enzalutamide (MDV3100) for triple-negative breast cancer for the US/EU/Japan/Asia; ipragliflozin (ASP1941) for Type 1 diabetes in Japan; and linaclotide (ASP0456) for chronic constipation in Japan

Entered into several strategic collaborations including:
– As one of the activation plans for Ocata Therpeutics, Inc. acquired in previous fiscal year, the company name was changed to Astellas Institute for Regenerative Medicine
– Biomarker database on healthy adults with Takeda Pharmaceutical Company Limited and Daiichi-Sankyo Company, Limited
– Developing a rice-based oral vaccine with the Institute of Medicine Science, the University of Tokyo

Pursuing Operational Excellence
Compliance was structurally divided from legal and introduced as a new function "Ethics & Compliance" which globally integrates and manages the regional Ethics & Compliance functions across regions
Transferred the global dermatology business to LEO Pharma S/A (headquarter: Denmark)
Enhanced our organizational structure by establishing a subsidiary in Colombia

NOTE: For further information on the results and their drivers, please refer to the reference documents: Financial Results, Supplementary Documents, Overview of R&D Pipeline and Presentation Material for Information Meeting available on the Astellas website.

Takeda Reports 1st Quarter 2016 Results with a Strong Start to the Year and Confidence in Management Guidance

On July 29, 2016 Takeda Pharmaceutical Company Limited (TOKYO:4502) reported 1st Quarter 2016 Results
with a Strong Start to the Year (Press release, Takeda, JUL 29, 2016, View Source [SID:1234514134]).

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Strong first quarter results and confidence in Management Guidance
• Underlying revenue grew +9.1%, driven by a +15.3% increase of Takeda’s Growth Drivers (GI, Oncology, CNS and Emerging Markets). (Reported revenue declined -2.8% to 434.0 billion yen, due to divestments and currency impacts)
• Underlying Core Earnings advanced +40.4% (reported operating profit was 152.9 billion yen, up from 49.6 billion yen in Q1, 2015)
• Underlying Core Net Profit and EPS were up +54.2% (reported EPS increased to 127 yen, from 31 yen in Q1, 2015)

Takeda’s Growth Drivers are accelerating

• GI underlying revenue advanced +35.3%, driven by ENTYVIO() and TAKECAB()
• Oncology underlying revenue grew +6.6% (+7.5% excluding VELCADE() royalties), driven by NINLARO( )and ADCETRIS()
• CNS underlying revenue of +31.5% was boosted by strong TRINTELLIX() performance
• Emerging Markets underlying revenue growth was +3.9%

All regions are growing, driven by innovative products
• Japan underlying revenue was up +9.7%, driven by TAKECAB(), AZILVA() and LOTRIGA()
• US underlying revenue growth of +14.9%, led by ENTYVIO(), NINLARO( )and TRINTELLIX()
• Europe and Canada underlying revenue grew +6.2%, reflecting ENTYVIO() and ADCETRIS()
•Emerging Markets underlying revenue was up +3.9%, reflecting growth in China (+12.6%), Russia (+9.5%) and Brazil (+1.0%)

Full-year forecast (reported base) has been maintained. R&D transformation does not affect our FY2016 guidance or dividend payment (see separate press release for more details)

Christophe Weber, President and Chief Executive Officer of Takeda, commented:

“Takeda had a strong start to FY2016, as we focus on executing our strategic roadmap. It is promising that our growth driver products are contributing strongly to each region’s underlying revenue growth, especially ENTYVIO, NINLARO, ADCETRIS, TRINTELLIX, and TAKECAB. Takeda will refocus research & development on targeted therapeutic areas – Oncology, Gastroenterology (GI) and Central Nervous System (CNS), plus Vaccines, and concentrate its R&D activities in Japan and the U.S. to build a world-leading R&D organization and pipeline. I am confident that these achievements and initiatives will result in Takeda’s sustainable future growth as a leading, global innovative pharmaceutical company.”

Reported Results for
1Q (April – June) of FY2016
Reported base FY 2015 FY 2016 Growth
(billion yen) Q1 Q1 Underlying2
Revenue 446.3 434.0 -2.8% +9.1%
Core Earnings1 83.7 77.1 -7.9% +40.4%
Operating Profit 49.6 152.9 +208.6% N/A
Net Profit3 24.6 99.5 +304.9% N/A
EPS 31 yen 127 yen +306.5% N/A
Core EPS 65 yen 71 yen +8.7% +54.2%

1 Core Earnings is calculated by taking reported gross profit and deducting SG&A expenses and R&D expenses.
In addition, certain other items that are significant in value and non-recurring or non-core in nature may also be adjusted.

2 “Underlying growth”, comparing two periods of financial results under a common basis, shows the real performance of the business. Takeda adopts “Underlying Growth” of revenue, Core Earnings and Core EPS as its indicators for management guidance. It excludes the impact of foreign exchange and divestments.

3 Attributable to the owners of the company

Takeda maintains full-year Management Guidance and reported base forecast for FY2016:

FY2016
Management Guidance

Underlying Revenue Mid-single digit growth (%)
Underlying Core Earnings Low- to mid-teen growth (%)
Underlying Core EPS Low- to mid-teen growth (%)
Annual Dividend per Share 180 yen

Reported
Base Forecast for FY2016

(billion yen1)
Revenue 1,720.0
R&D Expenses 325.0
Operating Profit 135.0
Net Profit 2 88.0
EPS 112 yen

1 The exchange rate assumptions for FY2016: 1 US$=110 yen, 1 euro=125 yen
2 Attributable to the owners of the company

For more details on Takeda’s FY2016 Q1 results and other financial information please visit View Source

Takeda Reports 1st Quarter 2016 Results with a Strong Start to the Year and Confidence in Management Guidance

On July 29, 2016 Takeda Pharmaceutical Company Limited (TOKYO:4502) reported 1st Quarter 2016 Results
with a Strong Start to the Year (Press release, Takeda, JUL 29, 2016, View Source [SID:1234514134]).

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Strong first quarter results and confidence in Management Guidance
• Underlying revenue grew +9.1%, driven by a +15.3% increase of Takeda’s Growth Drivers (GI, Oncology, CNS and Emerging Markets). (Reported revenue declined -2.8% to 434.0 billion yen, due to divestments and currency impacts)
• Underlying Core Earnings advanced +40.4% (reported operating profit was 152.9 billion yen, up from 49.6 billion yen in Q1, 2015)
• Underlying Core Net Profit and EPS were up +54.2% (reported EPS increased to 127 yen, from 31 yen in Q1, 2015)

Takeda’s Growth Drivers are accelerating

• GI underlying revenue advanced +35.3%, driven by ENTYVIO() and TAKECAB()
• Oncology underlying revenue grew +6.6% (+7.5% excluding VELCADE() royalties), driven by NINLARO( )and ADCETRIS()
• CNS underlying revenue of +31.5% was boosted by strong TRINTELLIX() performance
• Emerging Markets underlying revenue growth was +3.9%

All regions are growing, driven by innovative products
• Japan underlying revenue was up +9.7%, driven by TAKECAB(), AZILVA() and LOTRIGA()
• US underlying revenue growth of +14.9%, led by ENTYVIO(), NINLARO( )and TRINTELLIX()
• Europe and Canada underlying revenue grew +6.2%, reflecting ENTYVIO() and ADCETRIS()
•Emerging Markets underlying revenue was up +3.9%, reflecting growth in China (+12.6%), Russia (+9.5%) and Brazil (+1.0%)

Full-year forecast (reported base) has been maintained. R&D transformation does not affect our FY2016 guidance or dividend payment (see separate press release for more details)

Christophe Weber, President and Chief Executive Officer of Takeda, commented:

“Takeda had a strong start to FY2016, as we focus on executing our strategic roadmap. It is promising that our growth driver products are contributing strongly to each region’s underlying revenue growth, especially ENTYVIO, NINLARO, ADCETRIS, TRINTELLIX, and TAKECAB. Takeda will refocus research & development on targeted therapeutic areas – Oncology, Gastroenterology (GI) and Central Nervous System (CNS), plus Vaccines, and concentrate its R&D activities in Japan and the U.S. to build a world-leading R&D organization and pipeline. I am confident that these achievements and initiatives will result in Takeda’s sustainable future growth as a leading, global innovative pharmaceutical company.”

Reported Results for
1Q (April – June) of FY2016
Reported base FY 2015 FY 2016 Growth
(billion yen) Q1 Q1 Underlying2
Revenue 446.3 434.0 -2.8% +9.1%
Core Earnings1 83.7 77.1 -7.9% +40.4%
Operating Profit 49.6 152.9 +208.6% N/A
Net Profit3 24.6 99.5 +304.9% N/A
EPS 31 yen 127 yen +306.5% N/A
Core EPS 65 yen 71 yen +8.7% +54.2%

1 Core Earnings is calculated by taking reported gross profit and deducting SG&A expenses and R&D expenses.
In addition, certain other items that are significant in value and non-recurring or non-core in nature may also be adjusted.

2 “Underlying growth”, comparing two periods of financial results under a common basis, shows the real performance of the business. Takeda adopts “Underlying Growth” of revenue, Core Earnings and Core EPS as its indicators for management guidance. It excludes the impact of foreign exchange and divestments.

3 Attributable to the owners of the company

Takeda maintains full-year Management Guidance and reported base forecast for FY2016:

FY2016
Management Guidance

Underlying Revenue Mid-single digit growth (%)
Underlying Core Earnings Low- to mid-teen growth (%)
Underlying Core EPS Low- to mid-teen growth (%)
Annual Dividend per Share 180 yen

Reported
Base Forecast for FY2016

(billion yen1)
Revenue 1,720.0
R&D Expenses 325.0
Operating Profit 135.0
Net Profit 2 88.0
EPS 112 yen

1 The exchange rate assumptions for FY2016: 1 US$=110 yen, 1 euro=125 yen
2 Attributable to the owners of the company

For more details on Takeda’s FY2016 Q1 results and other financial information please visit View Source

Takeda Reports 1st Quarter 2016 Results with a Strong Start to the Year and Confidence in Management Guidance

On July 29, 2016 Takeda Pharmaceutical Company Limited (TOKYO:4502) reported 1st Quarter 2016 Results
with a Strong Start to the Year (Press release, Takeda, JUL 29, 2016, View Source [SID:1234514134]).

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Strong first quarter results and confidence in Management Guidance
• Underlying revenue grew +9.1%, driven by a +15.3% increase of Takeda’s Growth Drivers (GI, Oncology, CNS and Emerging Markets). (Reported revenue declined -2.8% to 434.0 billion yen, due to divestments and currency impacts)
• Underlying Core Earnings advanced +40.4% (reported operating profit was 152.9 billion yen, up from 49.6 billion yen in Q1, 2015)
• Underlying Core Net Profit and EPS were up +54.2% (reported EPS increased to 127 yen, from 31 yen in Q1, 2015)

Takeda’s Growth Drivers are accelerating

• GI underlying revenue advanced +35.3%, driven by ENTYVIO() and TAKECAB()
• Oncology underlying revenue grew +6.6% (+7.5% excluding VELCADE() royalties), driven by NINLARO( )and ADCETRIS()
• CNS underlying revenue of +31.5% was boosted by strong TRINTELLIX() performance
• Emerging Markets underlying revenue growth was +3.9%

All regions are growing, driven by innovative products
• Japan underlying revenue was up +9.7%, driven by TAKECAB(), AZILVA() and LOTRIGA()
• US underlying revenue growth of +14.9%, led by ENTYVIO(), NINLARO( )and TRINTELLIX()
• Europe and Canada underlying revenue grew +6.2%, reflecting ENTYVIO() and ADCETRIS()
•Emerging Markets underlying revenue was up +3.9%, reflecting growth in China (+12.6%), Russia (+9.5%) and Brazil (+1.0%)

Full-year forecast (reported base) has been maintained. R&D transformation does not affect our FY2016 guidance or dividend payment (see separate press release for more details)

Christophe Weber, President and Chief Executive Officer of Takeda, commented:

“Takeda had a strong start to FY2016, as we focus on executing our strategic roadmap. It is promising that our growth driver products are contributing strongly to each region’s underlying revenue growth, especially ENTYVIO, NINLARO, ADCETRIS, TRINTELLIX, and TAKECAB. Takeda will refocus research & development on targeted therapeutic areas – Oncology, Gastroenterology (GI) and Central Nervous System (CNS), plus Vaccines, and concentrate its R&D activities in Japan and the U.S. to build a world-leading R&D organization and pipeline. I am confident that these achievements and initiatives will result in Takeda’s sustainable future growth as a leading, global innovative pharmaceutical company.”

Reported Results for
1Q (April – June) of FY2016
Reported base FY 2015 FY 2016 Growth
(billion yen) Q1 Q1 Underlying2
Revenue 446.3 434.0 -2.8% +9.1%
Core Earnings1 83.7 77.1 -7.9% +40.4%
Operating Profit 49.6 152.9 +208.6% N/A
Net Profit3 24.6 99.5 +304.9% N/A
EPS 31 yen 127 yen +306.5% N/A
Core EPS 65 yen 71 yen +8.7% +54.2%

1 Core Earnings is calculated by taking reported gross profit and deducting SG&A expenses and R&D expenses.
In addition, certain other items that are significant in value and non-recurring or non-core in nature may also be adjusted.

2 “Underlying growth”, comparing two periods of financial results under a common basis, shows the real performance of the business. Takeda adopts “Underlying Growth” of revenue, Core Earnings and Core EPS as its indicators for management guidance. It excludes the impact of foreign exchange and divestments.

3 Attributable to the owners of the company

Takeda maintains full-year Management Guidance and reported base forecast for FY2016:

FY2016
Management Guidance

Underlying Revenue Mid-single digit growth (%)
Underlying Core Earnings Low- to mid-teen growth (%)
Underlying Core EPS Low- to mid-teen growth (%)
Annual Dividend per Share 180 yen

Reported
Base Forecast for FY2016

(billion yen1)
Revenue 1,720.0
R&D Expenses 325.0
Operating Profit 135.0
Net Profit 2 88.0
EPS 112 yen

1 The exchange rate assumptions for FY2016: 1 US$=110 yen, 1 euro=125 yen
2 Attributable to the owners of the company

For more details on Takeda’s FY2016 Q1 results and other financial information please visit View Source

Takeda Reports 1st Quarter 2016 Results with a Strong Start to the Year and Confidence in Management Guidance

On July 29, 2016 Takeda Pharmaceutical Company Limited (TOKYO:4502) reported 1st Quarter 2016 Results
with a Strong Start to the Year (Press release, Takeda, JUL 29, 2016, View Source [SID:1234514134]).

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Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

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Strong first quarter results and confidence in Management Guidance
• Underlying revenue grew +9.1%, driven by a +15.3% increase of Takeda’s Growth Drivers (GI, Oncology, CNS and Emerging Markets). (Reported revenue declined -2.8% to 434.0 billion yen, due to divestments and currency impacts)
• Underlying Core Earnings advanced +40.4% (reported operating profit was 152.9 billion yen, up from 49.6 billion yen in Q1, 2015)
• Underlying Core Net Profit and EPS were up +54.2% (reported EPS increased to 127 yen, from 31 yen in Q1, 2015)

Takeda’s Growth Drivers are accelerating

• GI underlying revenue advanced +35.3%, driven by ENTYVIO() and TAKECAB()
• Oncology underlying revenue grew +6.6% (+7.5% excluding VELCADE() royalties), driven by NINLARO( )and ADCETRIS()
• CNS underlying revenue of +31.5% was boosted by strong TRINTELLIX() performance
• Emerging Markets underlying revenue growth was +3.9%

All regions are growing, driven by innovative products
• Japan underlying revenue was up +9.7%, driven by TAKECAB(), AZILVA() and LOTRIGA()
• US underlying revenue growth of +14.9%, led by ENTYVIO(), NINLARO( )and TRINTELLIX()
• Europe and Canada underlying revenue grew +6.2%, reflecting ENTYVIO() and ADCETRIS()
•Emerging Markets underlying revenue was up +3.9%, reflecting growth in China (+12.6%), Russia (+9.5%) and Brazil (+1.0%)

Full-year forecast (reported base) has been maintained. R&D transformation does not affect our FY2016 guidance or dividend payment (see separate press release for more details)

Christophe Weber, President and Chief Executive Officer of Takeda, commented:

"Takeda had a strong start to FY2016, as we focus on executing our strategic roadmap. It is promising that our growth driver products are contributing strongly to each region’s underlying revenue growth, especially ENTYVIO, NINLARO, ADCETRIS, TRINTELLIX, and TAKECAB. Takeda will refocus research & development on targeted therapeutic areas – Oncology, Gastroenterology (GI) and Central Nervous System (CNS), plus Vaccines, and concentrate its R&D activities in Japan and the U.S. to build a world-leading R&D organization and pipeline. I am confident that these achievements and initiatives will result in Takeda’s sustainable future growth as a leading, global innovative pharmaceutical company."


Reported Results for
1Q (April – June) of FY2016
Reported base FY 2015 FY 2016 Growth
(billion yen) Q1 Q1 Underlying2
Revenue 446.3 434.0 -2.8% +9.1%
Core Earnings1 83.7 77.1 -7.9% +40.4%
Operating Profit 49.6 152.9 +208.6% N/A
Net Profit3 24.6 99.5 +304.9% N/A
EPS 31 yen 127 yen +306.5% N/A
Core EPS 65 yen 71 yen +8.7% +54.2%


1 Core Earnings is calculated by taking reported gross profit and deducting SG&A expenses and R&D expenses.
In addition, certain other items that are significant in value and non-recurring or non-core in nature may also be adjusted.

2 "Underlying growth", comparing two periods of financial results under a common basis, shows the real performance of the business. Takeda adopts "Underlying Growth" of revenue, Core Earnings and Core EPS as its indicators for management guidance. It excludes the impact of foreign exchange and divestments.

3 Attributable to the owners of the company

Takeda maintains full-year Management Guidance and reported base forecast for FY2016:

FY2016
Management Guidance

Underlying Revenue Mid-single digit growth (%)
Underlying Core Earnings Low- to mid-teen growth (%)
Underlying Core EPS Low- to mid-teen growth (%)
Annual Dividend per Share 180 yen

Reported
Base Forecast for FY2016


(billion yen1)
Revenue 1,720.0
R&D Expenses 325.0
Operating Profit 135.0
Net Profit 2 88.0
EPS 112 yen

1 The exchange rate assumptions for FY2016: 1 US$=110 yen, 1 euro=125 yen
2 Attributable to the owners of the company

For more details on Takeda’s FY2016 Q1 results and other financial information please visit View Source