Daiichi Sankyo Co Ltd Ord (DSKYF) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

I am Okuzawa. Thank you for taking time out of your busy schedule to attend Daiichi Sankyo's financial results presentation today. I would like to explain the consolidated financial results for Q2, which were announced at 1 p.m. today based on the presentation materials. Please see slide 3. This is what I will talk about today. Consolidated financial results for Q2 strategic collaboration regarding three ADC products, FY 2023 performance and annual dividend forecast, business update, and R&D update. I will follow this order. Regarding the R&D update, Takeshita, Global R&D Head, will provide an explanation. And we will take your questions at the end. Please see slide 4. This slide shows an overview of consolidated financial results for Q2. Revenue increased by ¥118.5 billion or 19.5% year-on-year to ¥726.3 billion. Cost of sales increased by ¥29 billion. SG&A expenses increased by 66.9 billion. R&D expenses increased by 12.2 billion, all compared to the same period last year. As a result, core operating profit increased by 10.5 billion yen, or 12.4% year-on-year, to 95.3 billion yen. Operating profit, including temporary income and expenses, was ¥95.1 billion, that is the same level as the same period last year. The profit attributable to the parent company is increased by ¥38.7 billion, or 66.4% year-on-year, to ¥97 billion. As for the exchange rate performance, $1 was 141 Japanese yen. It's a yen depreciation of 7.02 yen year-on-year, and 1 euro was 153.38 yen. That's an yen depreciation of 14.66 yen year-on-year. Please see slide 5. From here, I will explain the factors behind the change compared to the same period last year. Revenue increased by 118.5 billion yen year on year. I will explain the breakdown by business unit. First, Japan business. Direct oral antico...