Shionogi & Co., Ltd. (Head Office: Osaka, Japan; Chief Executive Officer: Isao Teshirogi, Ph.D.; hereafter 'Shionogi') announced that Shionogi will implement the following corporate reorganization and personnel reassignment as of January 1, 2023.

Corporate Reorganization

New establishment of the Business Administration Office

Toward the realization of STS2030, in July 2022 we established supervisory organizations in charge of each major value chain in order to further clarify business execution responsibilities and strengthen cooperation between related departments. As the quality and speed of decision-making by each supervisory unit improves, it become increasingly important to collect and share financial and non-financial information in a timely manner, and to monitor and verify management conditions. The Business Administration Office will be newly established under the Finance & Accounting Department to combine, visualize, and analyze vast amounts of information on management resources, leading to business improvement.

Forward-Looking Statements

This announcement contains forward-looking statements. These statements are based on expectations in light of the information currently available, assumptions that are subject to risks and uncertainties which could cause actual results to differ materially from these statements. Risks and uncertainties include general domestic and international economic conditions such as general industry and market conditions, and changes of interest rate and currency exchange rate. These risks and uncertainties particularly apply with respect to product-related forward-looking statements. Product risks and uncertainties include, but are not limited to, completion and discontinuation of clinical trials; obtaining regulatory approvals; claims and concerns about product safety and efficacy; technological advances; adverse outcome of important litigation; domestic and foreign healthcare reforms and changes of laws and regulations. Also for existing products, there are manufacturing and marketing risks, which include, but are not limited to, inability to build production capacity to meet demand, lack of availability of raw materials and entry of competitive products. The company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Contact:

Web: https://www.shionogi.com

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