Takeda sees quarterly profit drop 39% after last year’s one-time gains

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Operating profit was 150.5 billion yen ($1.11 billion) in the three months through June 30, the drugmaker said, compared with 249 billion yen a year earlier.

The company held its forecast for full-year operating profit at 520 billion yen. That compares with a consensus forecast of 539 billion yen, according to a Refinitiv poll of 15 analysts.

Takeda benefited from a one-time gain of 131.4 billion yen a year ago when it sold off the diabetes assets to refocus on core businesses following its acquisition of Shire Plc (LON:SHP).

($1=135.3400 yen)