Kyowa Hakko Kirin Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2018
May 07, 2018
Share
Kyowa Hakko Kirin Co., Ltd. reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of JPY 84,721 million against JPY 91,313 million for the same period a year ago. Core operating profit was JPY 16,248 million against JPY 16,796 million for the same period a year ago. Profit before tax was JPY 30,281 million against JPY 17,400 million for the same period a year ago. Profit was JPY 22,005 million against JPY 12,017 million for the same period a year ago. Profit attributable to owners of parent was JPY 22,005 million against JPY 12,017 million for the same period a year ago. Diluted earnings per share were JPY 40.16 against JPY 21.94 for the same period a year ago. Net cash provided by operating activities was JPY 19,475 million against JPY 18,902 million for the same period a year ago. Purchase of property, plant and equipment was JPY 3,394 million against JPY 4,459 million for the same period a year ago. Purchase of intangible assets was JPY 108 million against JPY 1,460 million for the same period a year ago.
The company provided consolidated earnings guidance for the fiscal year ending December 31, 2018. For the year, the company expects revenue of JPY 335,000 million, core operating profit of JPY 51,000 million, profit before tax of JPY 61,000 million, profit of JPY 44,000 million, profit attributable to owners of parent of JPY 44,000 million and basic earnings per share of JPY 80.39.
Kyowa Kirin Co., Ltd. specializes in the development, manufacturing and marketing of pharmaceutical and biochemical products. Net sales break down by source of revenue as follows:
- sales of pharmaceutical products (92.6%): prescription products for anemia, cancers, immune and nephrology diseases treatment;
- sales of licenses (7.4%).
At the end of 2021, the group had 3 production sites located in Japan (2) and China.
Net sales break down geographically as follows: Japan (60.9%), Asia (9%), Americas (16.3%) and Europe (13.8%).
Kyowa Hakko Kirin Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2018