Aug 03, 2020 / 07:00AM GMT
Ryohei Yanagi - Eisai Co., Ltd. - Executive VP & CFO
Thank you this is Yanagi, CFO, speaking about financial part. Please look at Page 2. Here, you see the consolidated statement of income or P&L for the first quarter. Based on our Partnership model, we have overcome the impact by COVID-19. We have exceeded plan and achieved increase in both revenue and profit. Top line revenue was JPY 165.6 billion, up 8% from a year earlier. There were impacts of COVID-19, drug price revision in Japan and foreign exchange rates, which was partly offset by royalty for tazemetostat and core growth driver, LENVIMA, increased revenue by JPY 10 billion, leading to 8% increase in revenue from a year earlier.
LENVIMA profitability is very high. That is to say, cost ratio is very low. And together with the business development projects, cost ratio has been reduced to 23.1%.
Gross profit was JPY 127.3 billion, up 15% from a year earlier, with double-digit growth. And this total expenses increase was contained within the increase in the gross profit, therefore, leading to a significant increase in profit
Q1 2021 Eisai Co Ltd Earnings Call Transcript
Feb 13, 2024
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