Takeda Reports FY2016 Full Year Results and Issues FY2017 Guidance

Driving profitable growth with FY2016 results exceeding guidance

Underlying results: Revenue +6.9%, Core Earnings +24.2%, Core EPS +20.9%

Takeda forecasts continued profitable growth in FY2017

News provided by
Takeda Pharmaceutical Company Limited Tokyo Stock Exchange 4502
May. 11, 2017 13:45
OSAKA, JAPAN--(Business Wire / Korea Newswire)--Takeda Pharmaceutical Company Limited (TOKYO:4502):

Delivered substantial profit growth versus prior year

· Underlying Revenue grew +6.9%, with Takeda's Growth Drivers (GI, Oncology, CNS and Emerging Markets) delivering growth of +14.7%, and Underlying Revenue growth across all regions (U.S. +12.8%, Japan +5.0%, Europe & Canada +4.7%, Emerging Markets +4.5%). Reported revenue declined -4.2%, due to unfavorable currencies (-6.6pp) and the impact of divestitures (-4.5pp).

· Underlying Core Earnings advanced +24.2%, with the Core Earnings margin increasing by 180bps. Despite unfavorable currencies and the negative impact of divestitures, reported operating profit was up +19.1%, benefiting from strong underlying growth and a one-time gain on the Teva JV transaction.

· Underlying Core EPS was up +20.9%, reflecting strong Core Earnings growth. Reported EPS was 147 yen, an increase of +43.9% from 102 yen in the prior year.

· Adjusted Operating Free Cash Flow was 158.8 billion yen, higher than our dividend payment for the second consecutive year.

Takeda's Growth Drivers delivered +14.7% Underlying Revenue growth

· GI underlying revenue +33.5%, driven by ENTYVIO® and TAKECAB®.

· Oncology underlying revenue +7.5%, supported by uptake of NINLARO® and ADCETRIS®.

· CNS underlying revenue +26.7%, underpinned by strong performance of TRINTELLIX®.

· Emerging Markets underlying revenue +4.5%, with the key markets of China, Russia and Brazil contributing to growth.

Christophe Weber, President and Chief Executive Officer of Takeda, commented:
"Our impressive performance in FY2016 highlights the success of Takeda's strategic transformation.
Our Growth Drivers maintained their strong momentum, and through revenue growth and disciplined expense management, we substantially increased our profit growth.
I am confident that Takeda will continue to deliver profit and margin growth over the mid-term, and a strong pipeline in the long-term, as we continue to execute our transformation."

Reported Results for FY2016 (April - March)
(To view the table, please visit https://goo.gl/CpCbSK)

FY2017 Management Guidance: (To view the table, please visit https://goo.gl/CpCbSK)

FY2017 Reported Forecast: (To view the table, please visit https://goo.gl/CpCbSK)

For more details on Takeda’s FY2016 results and other financial information please visit https://www.takeda.com/investors/reports/

About Takeda Pharmaceutical Company Limited
Takeda Pharmaceutical Company Limited is a global research and development-driven pharmaceutical company committed to bringing better health and a brighter future to patients by translating science into life-changing medicines. Takeda focuses its R&D efforts on oncology, gastroenterology and central nervous system therapeutic areas plus vaccines. Takeda conducts R&D both internally and with partners to stay at the leading edge of innovation. New innovative products, especially in oncology and gastroenterology, as well as our presence in Emerging Markets, fuel the growth of Takeda. More than 30,000 Takeda employees are committed to improving quality of life for patients, working with our health care partners in more than 70 countries. For more information, visit http://www.takeda.com/news.

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Website: https://www.takeda.com/

Contact

Takeda Pharmaceutical Company Limited
Investor Relations
+81-(0)3-3278-2306
takeda.ir.contact@takeda.com
Media Relations
Tsuyoshi Tada
+81 (0)3-3278-2417
tsuyoshi.tada@takeda.com