Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Technology
Vandana Singh

Takeda Pharma Clocks 1% Increase In FY21 Core Profit, Expects Growth Momentum In FY22

  • Takeda Pharmaceutical Company Limited (NYSE:TAK) reported a fiscal 2021 core net profit of ¥663.7 billion, an increase of 1.3% from the prior year. Core earnings per share reached ¥425, up 1.2%.
  • FY21 net profit declined 38.8% to ¥230.1 billion.
  • Fiscal 2021 core revenue was ¥3.42 trillion, an underlying increase of 7.4%.
  • Gastroenterology sales reached ¥875.7 billion, up 7% on an underlying basis driven by gut-selective Entyvio and anti-acid therapy Takecab. Takeda is no longer expecting entry of biosimilars upon loss of data exclusivity.
  • Also See: Takeda's Maribavir Reduces Hospitalization Rates, Hospital Stay In Post-Transplant Infection Patients.
  • Rare Diseases sales decreased 1% to ¥611.2 billion in reported revenue, impacted by a decline in line with expectations in Rare Hematology due to intensified competition. 
  • Plasma Derived Therapy Immunology segment revenues increased 14% to ¥507.0 billion, and Oncology sales grew 8% to ¥468.7 billion.
  • Neuroscience sales were up 10% to ¥482.3 billion.
  • Guidance: Takeda forecasts FY22 core sales of ¥3.69 trillion, up 7.9%.
  • In FY2022, Takeda expects continued revenue growth. Core operating profit is expected to reach ¥1.1 trillion, mainly driven by business momentum.
  • Price Action: TAK shares closed 1.33% higher at $14.52 on Tuesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.