Mitsubishi Tanabe Pharma Corporation reported consolidated earnings results for the second quarter and six months ended September 30, 2017. For the period, the company reported net sales of JPY 213,356 million against JPY 204,115 million a year ago. Core operating profit was JPY 39,725 million against JPY 47,953 million a year ago. Operating profit was JPY 36,857 million against JPY 47,816 million a year ago. Profit before tax was JPY 37,577 million against JPY 49,402 million a year ago. Profit attributable to owners of the company was JPY 29,828 million or JPY 53.18 basic per share against JPY 36,297 million or JPY 64.70 basic per share a year ago. Net cash flows from operating activities were JPY 29,709 million against JPY 31,324 million a year ago. Purchase of property, plant and equipment was JPY 5,015 million against JPY 5,594 million a year ago. Purchase of intangible assets was JPY 8,148 million against JPY 937 million a year ago. ROE was 6.8%.

For the quarter, the company reported revenue of JPY 105.6 billion against JPY 98.6 billion a year ago. Core operating profit was JPY 17.7 billion against JPY 18.9 billion a year ago. Operating profit was JPY 15.8 billion against JPY 18.6 billion a year ago. Profit before tax was JPY 15.5 billion against JPY 19.1 billion a year ago. Net profit attributable to owners of the company was JPY 12.8 billion against JPY 14.3 billion a year ago.

For the full year ending March 31, 2018, the company now expects revenue of JPY 433,000 million, core operating profit of JPY 80,000 million, operating profit of JPY 81,000 million, profit before tax of JPY 82,000 million, gross profit of JPY 263.5 billion, and profit attributable to owners of the company of JPY 63,500 million compared to previous forecast of revenue of JPY 441 billion, core operating profit of JPY 90 billion, operating profit of JPY 90 billion, profit before tax of JPY 91 billion, gross profit of JPY 271.5 billion, and profit attributable to owners of the company of JPY 71.5 billion. The company expects investment in property, plant and equipment of JPY 6.9 billion.

For the second half of fiscal 2017, the company expects revenue of 219.6 billion, core operating profit of JPY 40.2 billion, operating profit of JPY 44.1 billion, profit before tax of JPY 44.4 billion, gross profit of JPY 134.6 billion, and profit attributable to owners of the company of JPY 33.6 billion.