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Takeda Pharmaceutical Reports 5.9% Decline in Net Profit

Takeda Pharmaceutical Co (OTC: TKPYY) reported a 5.9% drop in its net profit for the six months through September.

Takeda Pharmaceutical's net profit for the period dropped to Y135.66 billion, from Y144.21 billion, in the year-ago period. Its operating profit fell to Y211.05 from Y221.62 billion. Takeda Pharmaceutical's revenue fell to Y702.50 billion, from Y714.03 billion.

Takeda Pharmaceutical now projects a net profit of Y170 billion, versus its prior forecast of Y250 billion. It lifted its group revenue forecast to Y1.54 trillion from Y1.450 trillion.

Takeda Pharmaceutical shares closed at $22.54 yesterday.

Posted: November 2011