Takeda operating income falls 40.9 per cent
3 February 2009 00:00 in Pharmaceutical Company Financials
Takeda's operating income has decreased by 166 billion yen (1.3 billion pounds), according to the organisation's nine-month results.
Now standing at 239.9 billion yen, the figure was accompanied by a fall in the organisation's net profits, which saw a reduction of almost half (49.1 per cent) to 168.6 billion yen.
However, the company's net sales increased 11.8 per cent to 1,202.8 billion yen.
Takeda noted the figures were the impact of restructuring its US operations through division and consolidation, along with its acquisition of Millennium.
The company continued it "pays keen attention" to changes in business environment and closely monitors the risk factors that affect its activity, "in order to make steady efforts towards achieving sustained growth of sales and profits".
In November last year, Takeda's board of directors announced a plan to increase interim and annual dividends per share for the fiscal year ending March 31st 2009.
Founded in 1781, the company is based in Osaka, Japan.
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Story collated for Zenopa by the Adfero News Agency