Daiichi Sankyo Co Ltd (OTCPK:DSNKY)

$ 34.88 -0.23 (-0.66%) Market Cap: 66.32 Bil Enterprise Value: 58.46 Bil PE Ratio: 43.98 PB Ratio: 5.59 GF Score: 89/100

Q3 2020 Daiichi Sankyo Co Ltd Earnings Call Transcript

Jan 31, 2020 / 06:15AM GMT

Release Date Price: $22.68 (-0.06%)

Transcript

Toshiaki Sai

Daiichi Sankyo Company, Limited - CFO, Executive VP, Head of Corporate Strategy & Management Division and Representative Director

Thank you very much. My name is Sai. Thank you very much for attending Daiichi Sankyo's financial results conference call despite your busy schedule. With respect to the financial results for the third quarter of FY 2019, we will go through the presentation material.

Please see slide Page 2. This is today's agenda item. We will cover FY 2019 Q3 financial results, FY 2019 forecast and business update in that order. After that, from Takahashi, Director of R&D division, will talk about the R&D update. We would like to have a question-and-answer session after the presentation.

Please see slide Page 3. First of all, this is the overview of financial results for the third quarter of fiscal year 2019. Consolidated revenue rose 7.7% to JPY 757 billion or with JPY 54 billion increase year-on-year. Cost of sales declined JPY 8.6 billion year-on-year. S&G expenses increased JPY 9.7 billion, while R&D expenses declined JPY 5.6 billion.

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