Takeda delivers first quarter FY2022 results
Japanese pharma giant Takeda (TYO: 4502) today announced strong financial results for the first quarter of fiscal year 2022 (period ended June 30, 2022) and is on track to meet its full-year management guidance.
On a reported basis, sales rose 2.4% to 972.5 billion yen ($7.25 billion). Operating profit fell 39.4% to 105.0 billion yen, and net profit was down 23.7% at 105.0 billion yen. Earnings per share (EPS) declined 22.8% to 68 yen.
The gain on the sale of Takeda’s Japan diabetes portfolio in the first quarter of the previous fiscal year has impacted reported financial results on a year-over-year basis, as expected. The sale contributed a one-off 133 billion yen to revenue and 131.4 billion yen to operating profit in first-quarter FY2021. This impact is excluded from core financial results; the company delivered +8.3% core revenue growth and +17% core operating profit growth at constant exchange rates (CER) this quarter, with a core operating profit margin of 32.8%.
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