{"id":772945,"date":"2023-07-27T04:16:49","date_gmt":"2023-07-27T08:16:49","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/takeda-reports-strong-first-quarter-fy2023-results-driven-by-growth-launch-products\/"},"modified":"2023-07-27T04:16:49","modified_gmt":"2023-07-27T08:16:49","slug":"takeda-reports-strong-first-quarter-fy2023-results-driven-by-growth-launch-products","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/takeda-reports-strong-first-quarter-fy2023-results-driven-by-growth-launch-products\/","title":{"rendered":"Takeda Reports Strong First Quarter FY2023 Results, Driven by Growth &amp; Launch Products"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwlistdisc { list-style-type: disc }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignm { vertical-align: middle }\n.bwwidth100 { width: 100% }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Takeda Reports Strong First Quarter FY2023 Results, Driven by Growth &amp; Launch Products<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><b><i>No Change to Full-Year Forecasts or Management Guidance<\/i><\/b><\/li>\n<li><b><i>Revenue Growth of +8.9% at Actual Exchange Rate (AER); +3.7% Growth at Constant Exchange Rate (CER), Driven by Growth &amp; Launch Products (+16.2% at CER)<\/i><\/b><\/li>\n<li><b><i>Reported Operating Profit Growth of +12.0% at AER; Core Operating Profit Decline of -2.0% at CER Reflecting Generic Impact, Lower Demand for Coronavirus Vaccines and Increased Investment in R&amp;D and Data &amp; Technology<\/i><\/b><\/li>\n<li><b><i>Core Operating Profit Margin of 30.8%<\/i><\/b><\/li>\n<li><b><i>Anticipated Pipeline Advances with 8 Key Regulatory Decisions Expected by End of FY2023, Furthering Commitment to Delivering Life-transforming Medicines to Patients<\/i><\/b><\/li>\n<\/ul>\n<p>OSAKA, Japan &amp; CAMBRIDGE, Mass.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nTakeda (TOKYO:4502\/NYSE:TAK) today announced strong financial results for the first quarter of fiscal year 2023 (period ended June 30, 2023).<\/p>\n<p><b>Takeda chief financial officer, Costa Saroukos, commented:<br \/>\n<br \/><\/b>\u201cOur Growth &amp; Launch Products continued to drive revenue growth in the first quarter of FY2023, contributing to a core operating profit margin of 30.8%. While we still anticipate headwinds affecting our business this fiscal year, largely due to generic competition, we remain confident of a return to growth in the near-term.<\/p>\n<p>\n\u201cOur growing product portfolio and innovative pipeline demonstrate the value of our strategic investments to strengthen our long-term competitiveness and enable our vision of discovering and delivering life-transforming treatments.\u201d<\/p>\n<table cellspacing=\"0\" class=\"bwblockalignl bwtablemarginb\">\n<tr>\n<td class=\"bwpadl0\" colspan=\"6\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><b>FINANCIAL HIGHLIGHTS<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"6\" class=\"bwpadl0 bwsinglebottom\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Results for FY2023 Q1 Ended June 30, 2023<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\" class=\"bwpadl0 bwleftsingle bwrightsingle bwsinglebottom bwvertalignm\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n(Billion yen,<br \/>\n<br \/>except<br \/>\n<br \/>percentages and<br \/>\n<br \/>per share amounts)<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>REPORTED<\/b><\/p>\n<\/td>\n<td colspan=\"3\" class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>CORE<sup>(c)<\/sup><\/b><\/p>\n<p class=\"bwalignc bwcellpmargin\"><b>(Non-IFRS)<sup>(a)<\/sup><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>FY2023 Q1<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>vs. PRIOR YEAR<\/b><\/p>\n<p class=\"bwalignc bwcellpmargin\">\n(AER % change<sup>(d)<\/sup>)<\/p>\n<\/td>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>FY2023 Q1<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>vs. PRIOR YEAR<\/b><\/p>\n<p class=\"bwalignc bwcellpmargin\">\n(AER % change<sup>(d)<\/sup>)<\/p>\n<\/td>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>vs. PRIOR YEAR<\/b><\/p>\n<p class=\"bwalignc bwcellpmargin\">\n(CER % change<sup>(d)<\/sup>)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwleftsingle bwrightsingle bwsinglebottom bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nRevenue<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n1,058.6<\/p>\n<\/td>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n+8.9%<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n1,058.6<\/p>\n<\/td>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n+8.9%<\/p>\n<\/td>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n+3.7%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwleftsingle bwrightsingle bwsinglebottom bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nOperating Profit<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n168.6<\/p>\n<\/td>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n+12.0%<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n326.3<\/p>\n<\/td>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n+2.3%<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n-2.0%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwleftsingle bwrightsingle bwsinglebottom bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><i>Margin<\/i><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><i>15.9%<\/i><\/p>\n<\/td>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><i>+0.4pp<\/i><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><i>30.8%<\/i><\/p>\n<\/td>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><i>-2.0pp<\/i><\/p>\n<\/td>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p>\n<p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwleftsingle bwrightsingle bwsinglebottom bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nNet Profit<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n89.4<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n-14.9%<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n233.4<\/p>\n<\/td>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n+4.1%<\/p>\n<\/td>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n+0.9%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwleftsingle bwsinglebottom bwrightsingle bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nEPS (yen)<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwsinglebottom bwrightsingle bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n58<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwsinglebottom bwrightsingle bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n-15.4%<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwsinglebottom bwrightsingle bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n150<\/p>\n<\/td>\n<td class=\"bwpadl0 bwsinglebottom bwrightsingle bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n+3.5%<\/p>\n<\/td>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n+0.3%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwleftsingle bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nOperating Cash Flow<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n92.4<\/p>\n<\/td>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n+9.7%<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwpadl0 bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwrightsingle bwleftsingle bwsinglebottom bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nFree Cash Flow<\/p>\n<p class=\"bwcellpmargin\">\n(Non-IFRS)<sup>(a)(b)<\/sup><\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n-207.5<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\nN\/A<\/p>\n<\/td>\n<td colspan=\"2\" class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwpadl0 bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"6\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>(a) Further information regarding certain of Takeda\u2019s Non-IFRS measures is posted on Takeda\u2019s investor relations website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.takeda.com%2Finvestors%2Ffinancial-results%2F&amp;esheet=53481354&amp;newsitemid=20230726524925&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.takeda.com%2Finvestors%2Ffinancial-results%2F&amp;index=1&amp;md5=3c2f8c722dafde0c4650da1f41f865e0\">https:\/\/www.takeda.com\/investors\/financial-results\/<\/a>.<\/sup><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"6\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>(b) We define Free Cash Flow as cash flows from operating activities, subtracting acquisition of property, plant and equipment (\u201cPP&amp;E\u201d), intangible assets and investments as well as removing any other cash that is not available to Takeda\u2019s immediate or general business use, and adding proceeds from sales of PP&amp;E, as well as from sales of investments and businesses, net of cash and cash equivalents divested.<\/sup><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"6\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>(c) Core results adjust our reported results calculated and presented pursuant to IFRS to exclude the effect of items unrelated to Takeda\u2019s core operations, such as, to the extent applicable for each line item, non-recurring items, purchase accounting effects and transaction related costs, as well as amortization and impairment of intangible assets and other operating income and expenses.<\/sup><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"6\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>(d) Actual Exchange Rate is presented in \u201cAER\u201d (which is presented in accordance with IFRS). Constant Exchange Rate (CER) change eliminates the effect of foreign exchange rates from year-over-year comparisons by translating Reported or Core results for the current period using corresponding exchange rates in the same period of the previous fiscal year.<\/sup><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>FY2023 Outlook (unchanged from May 2023)<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwwidth100 bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwtopsingle bwleftsingle bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n(Billion yen)<\/p>\n<\/td>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwtopsingle bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>FY2023<br \/>\n<br \/>FORECAST<\/b><\/p>\n<\/td>\n<td class=\"bwpadl0 bwsinglebottom bwtopsingle bwrightsingle bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>FY2023<br \/>\n<\/b><br \/><b>MANAGEMENT GUIDANCE<br \/>\n<\/b><br \/><b>Core Change at CER<br \/>\n<\/b><br \/><b>(Non-IFRS)<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwleftsingle bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nRevenue<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n3,840.0<\/p>\n<\/td>\n<td class=\"bwpadl0 bwsinglebottom bwrightsingle bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwleftsingle bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nCore Revenue<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n3,840.0<\/p>\n<\/td>\n<td class=\"bwpadl0 bwsinglebottom bwrightsingle bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nLow-single-digit % decline<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwleftsingle bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nReported Operating Profit<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n349.0<\/p>\n<\/td>\n<td class=\"bwpadl0 bwsinglebottom bwrightsingle bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwleftsingle bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nCore Operating Profit<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n1,015.0<\/p>\n<\/td>\n<td class=\"bwpadl0 bwsinglebottom bwrightsingle bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nLow-10s % decline<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwleftsingle bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nReported Net Profit<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n142.0<\/p>\n<\/td>\n<td class=\"bwpadl0 bwsinglebottom bwrightsingle bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwleftsingle bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nReported EPS (Yen)<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n91<\/p>\n<\/td>\n<td class=\"bwpadl0 bwsinglebottom bwrightsingle bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwrightsingle bwleftsingle bwsinglebottom bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nCore EPS (Yen)<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n434<\/p>\n<\/td>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nLow-20s % decline<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwrightsingle bwsinglebottom bwleftsingle bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nFree Cash Flow*<\/p>\n<\/td>\n<td class=\"bwpadl0 bwsinglebottom bwrightsingle bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n400.0 &#8211; 500.0<\/p>\n<\/td>\n<td class=\"bwpadl0 bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwrightsingle bwleftsingle bwsinglebottom bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAnnual Dividend per Share (Yen)<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwrightsingle bwsinglebottom bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n188<\/p>\n<\/td>\n<td class=\"bwpadl0 bwvertalignm bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\n*Free Cash Flow guidance reflects expenditures related to the acquisition of TAK-279 from Nimbus (USD 1.0 billion) and in-licensing of fruquintinib from HUTCHMED (USD 400 million). In FY2022, Takeda paid USD 3.0 billion out of USD 4.0 billion upfront payment related to the acquisition of TAK-279. For the remaining USD 1.0 billion payment, Takeda paid USD 0.9 billion in April 2023, with USD 0.1 billion to be paid in August 2023.<\/p>\n<p><b>Additional Information About Takeda\u2019s Q1 Earnings Results<br \/>\n<br \/><\/b>For more details on Takeda\u2019s FY2023 Q1 results and other financial information, including key assumptions in FY2023 forecast and management guidance, please visit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.takeda.com%2Finvestors%2Ffinancial-results%2F&amp;esheet=53481354&amp;newsitemid=20230726524925&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.takeda.com%2Finvestors%2Ffinancial-results%2F&amp;index=2&amp;md5=79fe084a346b2b2286110d965cc88316\">https:\/\/www.takeda.com\/investors\/financial-results\/<\/a>.<br \/>\n<br \/>For more information on Takeda\u2019s commercial progress across the five key business areas and pipeline updates, please visit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftakeda.info%2Fqr2023_q1_qfr_en&amp;esheet=53481354&amp;newsitemid=20230726524925&amp;lan=en-US&amp;anchor=https%3A%2F%2Ftakeda.info%2Fqr2023_q1_qfr_en&amp;index=3&amp;md5=c43231a4934bc5620928cb6e5aa573df\">https:\/\/takeda.info\/qr2023_q1_qfr_en<\/a><\/p>\n<p><b>About Takeda<br \/>\n<br \/><\/b>Takeda is focused on creating better health for people and a brighter future for the world. We aim to discover and deliver life-transforming treatments in our core therapeutic and business areas, including gastrointestinal and inflammation, rare diseases, plasma-derived therapies, oncology, neuroscience and vaccines. Together with our partners, we aim to improve the patient experience and advance a new frontier of treatment options through our dynamic and diverse pipeline. As a leading values-based, R&amp;D-driven biopharmaceutical company headquartered in Japan, we are guided by our commitment to patients, our people and the planet. Our employees in approximately 80 countries and regions are driven by our purpose and are grounded in the values that have defined us for more than two centuries. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.takeda.com&amp;esheet=53481354&amp;newsitemid=20230726524925&amp;lan=en-US&amp;anchor=www.takeda.com&amp;index=4&amp;md5=caea9ea5053e74393dfc26db48902158\">www.takeda.com<\/a>.<\/p>\n<p><b>Important Notice<br \/>\n<br \/><\/b>For the purposes of this notice, \u201cpress release\u201d means this document, any oral presentation, any question and answer session and any written or oral material discussed or distributed by Takeda Pharmaceutical Company Limited (\u201cTakeda\u201d) regarding this press release. This press release (including any oral briefing and any question-and-answer in connection with it) is not intended to, and does not constitute, represent or form part of any offer, invitation or solicitation of any offer to purchase, otherwise acquire, subscribe for, exchange, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction. No shares or other securities are being offered to the public by means of this press release. No offering of securities shall be made in the United States except pursuant to registration under the U.S. Securities Act of 1933, as amended, or an exemption therefrom. This press release is being given (together with any further information which may be provided to the recipient) on the condition that it is for use by the recipient for information purposes only (and not for the evaluation of any investment, acquisition, disposal or any other transaction). Any failure to comply with these restrictions may constitute a violation of applicable securities laws.<\/p>\n<p>\nThe companies in which Takeda directly and indirectly owns investments are separate entities. In this press release, \u201cTakeda\u201d is sometimes used for convenience where references are made to Takeda and its subsidiaries in general. Likewise, the words \u201cwe\u201d, \u201cus\u201d and \u201cour\u201d are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.<\/p>\n<p>\nThe product names appearing in this document are trademarks or registered trademarks owned by Takeda, or their respective owners.<\/p>\n<p><b>Forward-Looking Statements<br \/>\n<br \/><\/b>This press release and any materials distributed in connection with this press release may contain forward-looking statements, beliefs or opinions regarding Takeda\u2019s future business, future position and results of operations, including estimates, forecasts, targets and plans for Takeda. Without limitation, forward-looking statements often include words such as \u201ctargets\u201d, \u201cplans\u201d, \u201cbelieves\u201d, \u201chopes\u201d, \u201ccontinues\u201d, \u201cexpects\u201d, \u201caims\u201d, \u201cintends\u201d, \u201censures\u201d, \u201cwill\u201d, \u201cmay\u201d, \u201cshould\u201d, \u201cwould\u201d, \u201ccould\u201d, \u201canticipates\u201d, \u201cestimates\u201d, \u201cprojects\u201d or similar expressions or the negative thereof. These forward-looking statements are based on assumptions about many important factors, including the following, which could cause actual results to differ materially from those expressed or implied by the forward-looking statements: the economic circumstances surrounding Takeda\u2019s global business, including general economic conditions in Japan and the United States; competitive pressures and developments; changes to applicable laws and regulations, including global health care reforms; challenges inherent in new product development, including uncertainty of clinical success and decisions of regulatory authorities and the timing thereof; uncertainty of commercial success for new and existing products; manufacturing difficulties or delays; fluctuations in interest and currency exchange rates; claims or concerns regarding the safety or efficacy of marketed products or product candidates; the impact of health crises, like the novel coronavirus pandemic, on Takeda and its customers and suppliers, including foreign governments in countries in which Takeda operates, or on other facets of its business; the timing and impact of post-merger integration efforts with acquired companies; the ability to divest assets that are not core to Takeda\u2019s operations and the timing of any such divestment(s); the extent to which our internal energy conservation measures and future advancements in renewable energy or low carbon energy technology will enable us to reduce our greenhouse gas emissions; and other factors identified in Takeda\u2019s most recent Annual Report on Form 20-F and Takeda\u2019s other reports filed with the U.S. Securities and Exchange Commission, available on Takeda\u2019s website at: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.takeda.com%2Finvestors%2Fsec-filings%2F&amp;esheet=53481354&amp;newsitemid=20230726524925&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.takeda.com%2Finvestors%2Fsec-filings%2F&amp;index=5&amp;md5=2a98b11836918c4160ac47645fcd055c\">https:\/\/www.takeda.com\/investors\/sec-filings\/<\/a> or at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=53481354&amp;newsitemid=20230726524925&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=6&amp;md5=42cb5579e3c0f53007212fc71c3903b2\">www.sec.gov<\/a>. Takeda does not undertake to update any of the forward-looking statements contained in this report or any other forward-looking statements it may make, except as required by law or stock exchange rule. Past performance is not an indicator of future results and the results or statements of Takeda in this report may not be indicative of, and are not an estimate, forecast, guarantee or projection of Takeda\u2019s future results.<\/p>\n<p><b>Financial information and Certain Non-IFRS Financial Measures<br \/>\n<br \/><\/b>Takeda\u2019s financial statements are prepared in accordance with International Financial Reporting Standards (\u201cIFRS\u201d).<\/p>\n<p>\nThis press release and materials distributed in connection with this press release include certain financial measures not presented in accordance with IFRS, such as Core Revenue, Core Operating Profit, Core Net Profit, Core EPS, Constant Exchange Rate (\u201cCER\u201d) change, Net Debt, EBITDA, Adjusted EBITDA and Free Cash Flow. Takeda\u2019s management evaluates results and makes operating and investment decisions using both IFRS and non-IFRS measures included in this presentation. These non-IFRS measures exclude certain income, cost and cash flow items which are included in, or are calculated differently from, the most closely comparable measures presented in accordance with IFRS. By including these non-IFRS measures, management intends to provide investors with additional information to further analyze Takeda\u2019s performance and core results, including when controlling for the effect of fluctuations in exchange rates. Takeda\u2019s non-IFRS measures are not prepared in accordance with IFRS and such non-IFRS measures should be considered a supplement to, and not a substitute for, measures prepared in accordance with IFRS (which we sometimes refer to as \u201creported\u201d measures). Investors are encouraged to review the definitions and reconciliations of non-IFRS financial measures to their most directly comparable IFRS measures, which are in the financial appendix at the end of Takeda&#8217;s FY2023 Q1 investor presentation (available at takeda.com\/investors\/financial-results).<\/p>\n<p><b>Medical information<br \/>\n<br \/><\/b>This press release contains information about products that may not be available in all countries, or may be available under different trademarks, for different indications, in different dosages, or in different strengths. Nothing contained herein should be considered a solicitation, promotion or advertisement for any prescription drugs including the ones under development.<\/p>\n<p>\nPlease refer to slide 14 of Takeda\u2019s FY2023 Q1 investor presentation (available at takeda.com\/investors\/financial-results) for the definition of Growth &amp; Launch Products.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230726524925r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230726524925\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230726524925\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations<br \/>\n<\/b><br \/>Christopher O\u2019Reilly<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:christopher.oreilly@takeda.com\">Christopher.oreilly@takeda.com<br \/>\n<\/a><br \/>+81 (0) 3-3278-2543<\/p>\n<p><b>Media Relations<br \/>\n<\/b><br \/>Brendan Jennings<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Brendan.jennings@takeda.com\">Brendan.jennings@takeda.com<br \/>\n<\/a><br \/>+81 (0) 3-3278-2111<\/p>\n<p><b>KEYWORDS:<\/b> Massachusetts United States Japan North America Asia Pacific<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Science Neurology Biotechnology Research Pharmaceutical Oncology Health Infectious Diseases<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230726524925\/en\/791321\/3\/logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Takeda Reports Strong First Quarter FY2023 Results, Driven by Growth &amp; Launch Products No Change to Full-Year Forecasts or Management Guidance Revenue Growth of +8.9% at Actual Exchange Rate (AER); +3.7% Growth at Constant Exchange Rate (CER), Driven by Growth &amp; Launch Products (+16.2% at CER) Reported Operating Profit Growth of +12.0% at AER; Core Operating Profit Decline of -2.0% at CER Reflecting Generic Impact, Lower Demand for Coronavirus Vaccines and Increased Investment in R&amp;D and Data &amp; Technology Core Operating Profit Margin of 30.8% Anticipated Pipeline Advances with 8 Key Regulatory Decisions Expected by End of FY2023, Furthering Commitment to Delivering Life-transforming Medicines to Patients OSAKA, Japan &amp; CAMBRIDGE, Mass.&#8211;(BUSINESS WIRE)&#8211; Takeda (TOKYO:4502\/NYSE:TAK) today announced strong financial results for &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/takeda-reports-strong-first-quarter-fy2023-results-driven-by-growth-launch-products\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Takeda Reports Strong First Quarter FY2023 Results, Driven by Growth &amp; Launch Products&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-772945","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Takeda Reports Strong First Quarter FY2023 Results, Driven by Growth &amp; Launch Products - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/takeda-reports-strong-first-quarter-fy2023-results-driven-by-growth-launch-products\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Takeda Reports Strong First Quarter FY2023 Results, Driven by Growth &amp; Launch Products - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Takeda Reports Strong First Quarter FY2023 Results, Driven by Growth &amp; Launch Products No Change to Full-Year Forecasts or Management Guidance Revenue Growth of +8.9% at Actual Exchange Rate (AER); +3.7% Growth at Constant Exchange Rate (CER), Driven by Growth &amp; Launch Products (+16.2% at CER) Reported Operating Profit Growth of +12.0% at AER; Core Operating Profit Decline of -2.0% at CER Reflecting Generic Impact, Lower Demand for Coronavirus Vaccines and Increased Investment in R&amp;D and Data &amp; Technology Core Operating Profit Margin of 30.8% Anticipated Pipeline Advances with 8 Key Regulatory Decisions Expected by End of FY2023, Furthering Commitment to Delivering Life-transforming Medicines to Patients OSAKA, Japan &amp; CAMBRIDGE, Mass.&#8211;(BUSINESS WIRE)&#8211; Takeda (TOKYO:4502\/NYSE:TAK) today announced strong financial results for &hellip; Continue reading &quot;Takeda Reports Strong First Quarter FY2023 Results, Driven by Growth &amp; 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Technology Core Operating Profit Margin of 30.8% Anticipated Pipeline Advances with 8 Key Regulatory Decisions Expected by End of FY2023, Furthering Commitment to Delivering Life-transforming Medicines to Patients OSAKA, Japan &amp; CAMBRIDGE, Mass.&#8211;(BUSINESS WIRE)&#8211; Takeda (TOKYO:4502\/NYSE:TAK) today announced strong financial results for &hellip; Continue reading \"Takeda Reports Strong First Quarter FY2023 Results, Driven by Growth &amp; Launch Products\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/takeda-reports-strong-first-quarter-fy2023-results-driven-by-growth-launch-products\/","og_site_name":"Market Newsdesk","article_published_time":"2023-07-27T08:16:49+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230726524925r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/takeda-reports-strong-first-quarter-fy2023-results-driven-by-growth-launch-products\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/takeda-reports-strong-first-quarter-fy2023-results-driven-by-growth-launch-products\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Takeda Reports Strong First Quarter FY2023 Results, Driven by Growth &amp; 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