Q3 2020 Chugai Pharmaceutical Co Ltd Earnings Call Transcript

Oct 22, 2020 / 09:00AM GMT
Toshiaki Itagaki - Chugai Pharmaceutical Co., Ltd. - CFO & EVP - Fin. & Acct., Corp. Communication, Purchasing, Dig. Strategy & IT Sol.

Good evening, ladies and gentlemen. This is Itagaki. I will start explaining the slides.

Please look at the second page. It is a financial overview. In the cumulative third quarter, revenue was JPY 576.5 billion. Operating income was JPY 231.9 billion, and both sales and income grew by double digits, which reached record highs for the fourth consecutive year.

Revenue performed generally well with a progress rate of 77.9% compared to the full year forecast. Operating income and quarterly income have been strong, exceeding 80%.

Before getting into the details of the financial results, I would like to touch upon some of the events that have occurred in the last 3 months. Please see the third page. It is a summary of business updates. The events listed in blue are related to the development pipeline.

ENSPRYNG was approved in the U.S. and launched in Japan in August. KADCYLA and Tecentriq have been approved for indication

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