Outlook of Japanese pharma


With the recent news of Takeda as Japan’s largest drug maker might be buying the Swiss rival Nycomed it is the perfect timing to look again how Japanese pharma is doing. Furthermore the financial figures are out after the yearly closing in March (based on data found in Nikkei Shimbun). Although Takeda as leader shows the biggest profit before tax, looking at the growth in percentage compared to last year, Daiichi Sankyo and Eisai with 68% resp. 67% stand out.

Takeda:
total turnover 2011: JPY Mio 14,193 (down 3%)
profit before tax 2011: JPY Mio 2478 (down 17%)
forecast turnover 2012: JPY Mio 14,500 (up 2%)
profit before tax 2012: JPY Mio 2500 (up 1%)

Otsuka:
total turnover 2011: JPY Mio 10,902 (up 1%)
profit before tax 2011: JPY Mio 810 (up 20%)
forecast turnover 2012: JPY Mio 11,700 (up 7%)
profit before tax 2012: JPY Mio 820 (up 1%)

Daiichi Sankyo:
total turnover 2011: JPY Mio 9673(up 2%)
profit before tax 2011: JPY Mio 701 (up 68%)
forecast turnover 2012: JPY Mio 9700 (same as previous year)
profit before tax 2012: JPY Mio 450 (down 36%)

Astellas:
total turnover 2011: JPY Mio 9539 (down 2%)
profit before tax 2011: JPY Mio 676 (down 45%)
forecast turnover 2012: JPY Mio 9740 (up 2%)
profit before tax 2012: JPY Mio 810 (up 20%)

Eisai:
total turnover 2011: JPY Mio 7689 (down 4%)
profit before tax 2011: JPY 673 (up 67%)
forecast turnover 2012: JPY Mio 7000 (down 9%)
profit before tax 2012: JPY Mio 695 (up 3%)

When I look at these forecasts I wonder whether the purchase of the Indian site for Daiichi Sankyo doesn’t work out in the long run (shift from a positive 68% increase of profit to a downgrade of 36% in the profit before tax). Further I am wondering what kind of miracles Astellas is able to create, when with roughly the expected same turnover a much higher profit before taxes is expected. Personally I will for sure keep a close eye on Astellas this year. There might be some special magic going on and everyone can learn from it.

Brought to you by Sibylle Ito (シビル伊藤)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s