Takeda Raises 2024 Outlook: Now Expects Revenue Of ¥4.48T (Prior ¥4.35T) Vs. ¥4.497T Est.; And Core EPS Of ¥456 (Prior ¥431); Sees Adjusted Free Cash Flow Of ¥400B-¥500B (Prior ¥350B - ¥450B)

Benzinga10-31

Updating Full Year Management Guidance, and Reported and Core Forecasts

Takeda's FY2024 Management Guidance has been upgraded, primarily due to milder than anticipated generic erosion of VYVANSE and strong business momentum. Furthermore, also reflecting expected foreign exchange rates during the remaining second half of FY2024, Takeda's FY2024 reported and Core forecasts have been revised from the original forecast.

FY2024 Management Guidance Core Change at CER (Non-IFRS)
 FY2024 ORIGINAL MANAGEMENT GUIDANCE

(May 2024)		FY2024 REVISED MANAGEMENT GUIDANCE

(October 2024)
Core RevenueFlat to slightly decliningFlat to slightly increasing
Core Operating ProfitApproximately 10% declineMid-single-digit % decline
Core EPS (Yen)Mid-10s% declineApprox 10% decline
FY2024 Reported and Core Forecasts

(Billion yen, except percentages and per share amounts)
 

FY2024ORIGINAL FORECAST

(May 2024)

FY2024

REVISED FORECAST

(October 2024)

Revenue4,350.04,480.0
Core Revenue (Non-IFRS)4,350.04,480.0
Operating Profit225.0265.0
Core Operating Profit (Non-IFRS)1,000.01,050.0
Net Profit58.068.0
EPS (Yen)3743
Core EPS (Yen) (Non-IFRS)431456
Adjusted Free Cash Flow (Non-IFRS)350.0 - 450.0400.0-500.0
Annual Dividend per Share (Yen)196196
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment