Q1 2020 Daiichi Sankyo Co Ltd Earnings Call Transcript
I'm Toshiaki Sai. Thank you very much for participating in Daiichi Sankyo's Conference Call despite your very busy schedule today. I'd like to explain our financial results for the first quarter of fiscal year 2019 we announced at 1 p.m. on July 31.
Please turn to Page 2. This is the agenda today. I will explain FY 2019 Q1 financial results and give you a business update. Then Takasaki, who has become R&D Division Head since April this year, will give you our R&D update. After that, we will entertain your questions.
Please turn to Page 3. This is an overview of our consolidated financial results for the first quarter of fiscal year 2019. Revenue increased to JPY 249.2 billion, up JPY 23.5 billion or 10.4% year-on-year. Cost of sales increased by JPY 3.2 billion year-on-year. SG&A costs decreased by JPY 2.5 billion. R&D expenditure fell by JPY 4.3 billion. As a result, operating profit rose to JPY 57 billion by JPY 27.1
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