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Revisions to earnings forecasts4502Takeda Pharmaceutical Company LimitedPharmaceuticals

Consolidated Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [IFRS]

The full-year earnings forecast for the fiscal year ending March 2027 was revised upward for revenue, operating profit, profit before tax and profit attributable to owners of the parent. The CER-based outlook for Core operating profit and Core EPS also improved, while the annual dividend forecast was left unchanged at ¥204.

Worth reading
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Direction
Improvement
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Scale
25.9
%
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Avoiding a definitive answer
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Revised forecast

Fiscal year ending March 2027 · Full yearPrevious forecast published 13 May 2026
Net Sales46,400→47,000100 million
+1.3%
Operating profit4,200→4,530100 million
+7.9%
Profit attributable to owners of the parent1,660→2,090100 million
+25.9%
Net income per share104.26→131.28yen
+25.9%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document.

Reason for the revision

The revenue forecast reflects the positive impact of foreign exchange movements. The increase in revenue is expected to be the main driver of operating profit, although this will be partly offset by higher operating expenses due to foreign exchange movements and accelerated investment ahead of the launch of new products, mainly zasocitinib. Net income is expected to benefit from lower income tax expense following a reassessment of the recoverability of deferred tax assets, although this will be partly offset by financial losses.

Details and amount of extraordinary loss

¥100 billion in impairment losses on product-related intangible assets (a key assumption underlying the full-year earnings forecast). Impairment losses for the interim period were ¥30,855 million.

Dividend forecast revisionNo change (annual dividend forecast: ¥204 per share)
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥46,400 100 million → ¥47,000 100 million(+1.3%)
Operating profit¥4,200 100 million → ¥4,530 100 million(+7.9%)
Profit attributable to owners of the parent¥1,660 100 million → ¥2,090 100 million(+25.9%)
Net income per share104.26 yen → 131.28 yen(+25.9%)
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredFull year
Publication date of previous forecast13 May 2026
Reason for the revisionThe revenue forecast reflects the positive impact of foreign exchange movements. The increase in revenue is expected to be the main driver of operating profit, although this will be partly offset by higher operating expenses due to foreign exchange movements and accelerated investment ahead of the launch of new products, mainly zasocitinib. Net income is expected to benefit from lower income tax expense following a reassessment of the recoverability of deferred tax assets, although this will be partly offset by financial losses.
Details and amount of extraordinary loss¥100 billion in impairment losses on product-related intangible assets (a key assumption underlying the full-year earnings forecast). Impairment losses for the interim period were ¥30,855 million.
Dividend forecast revisionNo change (annual dividend forecast: ¥204 per share)
Consolidated / non-consolidatedConsolidated
Items this document does not state (2)
Ordinary incomePrevious-period results

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The revenue forecast reflects the positive impact of foreign exchange movements. The increase in revenue is expected to be the main driver of operating profit, although this will be partly offset by higher operating expenses due to foreign exchange movements and accelerated investment ahead of the launch of zasocitinib. Net income is expected to benefit from lower income tax expense following a reassessment of the recoverability of deferred tax assets, partly offset by financial losses.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Consolidated Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [IFRS] | Takeda Pharmaceutical Company Limited (4502) timely disclosure | Komori