Sumitomo Pharma Co Ltd (TSE:4506)
円 336 -19 (-5.35%) Market Cap: 133.49 Bil Enterprise Value: 516.24 Bil PE Ratio: 0 PB Ratio: 0.85 GF Score: 49/100
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Q3 2020 Sumitomo Dainippon Pharma Co Ltd Earnings Call Transcript

Jan 30, 2020 / NTS GMT
Release Date Price: 円1979 (-0.80%)
Hiroshi Nomura
Sumitomo Dainippon Pharma Co., Ltd. - CEO, President & Representative Director

This is Nomura, President and CEO of the company. Thank you very much for taking your time to listen to our presentation.

First of all, as announced on the press release, Sumitomo Dainippon Pharma completed the procedure for the formation of the strategic alliance with Roivant as of December 27, 2019. Today, we will be presenting the financial results for our quarter. And the impact by the alliance was reflected not on P&L, but on the balance sheet and the cash flow statement. The value of acquired assets and assumed liabilities on the balance sheet is provisional since the fair value evaluation has not completed yet, and the provisional figures and adjustments are being recorded as goodwill. We are expecting to present the results of ongoing fair valuation at the end of the fiscal year. Impact on our forecast on P&L will be presented later by Mr. Kashima.

Given the timing of the completion of the formation of the alliance with Roivant, I am expecting many questions on this matter to

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