Takeda Pharmaceutical Co Ltd

4502: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	¥‎5,982.00	Jdmkz	Ldgskkgx

Takeda’s Q3 Earnings in Line, Enjoying Strong Foreign Exchange Tailwinds; Shares Fairly Valued

Jay Lee

Feb 6, 2023

Narrow-moat Takeda’s third-quarter fiscal result was in line with our expectations after adjusting for currency tailwinds due to a depreciating Japanese yen. Revenue was JPY 1,096.6 billion, which is 21.7% year-on-year growth, but only 2.6% growth after adjusting for currency. Core operating profit was JPY 330 billion, representing 30% core operating profit margin.

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