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Japan’s Takeda half-year profit climbs, announces share buyback -Breaking

by Mike Robinson

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© Reuters.

TOKYO, Reuters – Japan’s Takeda Pharmaceutical Co announced Thursday that it saw a 61% increase in its half-year profits as it tries to make synergies from its acquisition. Shire Plc (LON): The drugmaker reported that operating profit reached 346 billion Japanese yen ($3.05 trillion) for the six-months ending Sept. 30. This is a significant improvement on the 215.6 billion yen last year. Takeda maintained its forecast for full-year operating profits at 488 billion Japanese yen. This compares to the consensus estimate of 509.2 Billion yen, as derived from a Refinitiv poll that included 13 analysts.

Additionally, the company stated it was willing to buy back as much as 2.23% of 100 billion yen-worth shares.

($1 = 113.5700 yen)

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