Takeda Pharmaceutical press release ( TAK ): FY Non-GAAP EPS of ¥517.00. Revenue of ¥4505.7B (-1.7% Y/Y). Adjusted Free Cash Flow amounted to JPY 684.5 billion, in line with forecast, and the Company ended fiscal year with strong cash balance. Full-year FY2026 Forecast and Guidance Based on the current business outlook and planned investment profile, Takeda issued the following FY2026 forecast and...
Takeda Pharmaceutical press release ( TAK ): FY Non-GAAP EPS of ¥517.00. Revenue of ¥4505.7B (-1.7% Y/Y). Adjusted Free Cash Flow amounted to JPY 684.5 billion, in line with forecast, and the Company ended fiscal year with strong cash balance. Full-year FY2026 Forecast and Guidance Based on the current business outlook and planned investment profile, Takeda issued the following FY2026 forecast and management guidance. (Billion yen, except percentages and per share amounts) Item FY2026FORECAST FY2026 MANAGEMENT GUIDANCE Core Change at CER (Non-IFRS) Revenue 4,640.0 --- Core Revenue (Non-IFRS) 4,640.0 Low- single digit % decline Operating Profit 420.0 --- Core Operating Profit (Non-IFRS) 1,160.0 5% ~ 8% decline Net Profit 166.0 --- EPS (Yen) 104 --- Core EPS (Yen (Non-IFRS) 472 Mid-teens % decline Adjusted Free Cash Flow (Non-IFRS) 650.0-750.0 --- Annual Dividend per Share (Yen) 204 --- Click to enlarge More on Takeda Pharmaceutical Takeda Pharmaceutical Company Limited (TAK) Discusses Zasocitinib Phase III Psoriasis Data and Commercial Strategy Transcript Takeda Pharmaceutical Company Limited (TAK) Discusses Zasocitinib Phase III Psoriasis Data and Commercial Strategy - Slideshow Takeda: 'Hold' Despite Performance In 2025-2026 Takeda revamps business seeking ¥200B in savings by FY28 Seeking Alpha’s Quant Rating on Takeda Pharmaceutical
Japanese investors sold the most US sovereign bonds in almost four years as a jump in oil prices led to an abrupt turnaround in Federal Reserve policy bets. Net sales of debt issued by the US government, agencies and local authorities totaled ¥4.67 trillion ($29.6 billion) in the three months ended March 31. That’s the highest since the second quarter of 2022, according to Japan’s balance-of-payme...
Japanese investors sold the most US sovereign bonds in almost four years as a jump in oil prices led to an abrupt turnaround in Federal Reserve policy bets. Net sales of debt issued by the US government, agencies and local authorities totaled ¥4.67 trillion ($29.6 billion) in the three months ended March 31. That’s the highest since the second quarter of 2022, according to Japan’s balance-of-payments data released Wednesday. In February, overnight-indexed swaps showed traders were expecting two Fed rate cuts this year before the US and Israel struck Iran. That pricing has since shifted in favor of a hike as crude jumped about 50%, fueling speculation inflation will quicken. Read: Inflation Resurgence Squeezes US Voters as Gas, Food Prices Rise “There has been a strong move toward position adjustment,” said Naokazu Koshimizu , a senior rates strategist at Nomura Securities Co. “The outlook has become highly uncertain, not only in terms of how far rate cuts may be pushed back, but also whether the next move could even be a hike.” “Previously, markets had been operating on the assumption that rate cuts would materialize at some point, which supported buying,” particularly in mortgage-backed securities, Tokyo-based Koshimizu said. Japanese investors sold $4.14 billion of US agency bonds in the first two months of the year, according to the latest data from the US treasury department.
Singapore will be directly hit by weakened principles in international sea laws as the city state depends on open and secure waterways to maintain its status as a trade hub, Prime Minister Lawrence Wong has warned. He urged cooperation among like-minded countries to uphold and strengthen the framework of international legislation. “As a trading nation, Singapore depends on open and secure sea lane...
Singapore will be directly hit by weakened principles in international sea laws as the city state depends on open and secure waterways to maintain its status as a trade hub, Prime Minister Lawrence Wong has warned. He urged cooperation among like-minded countries to uphold and strengthen the framework of international legislation. “As a trading nation, Singapore depends on open and secure sea lanes. International law, including the law of the sea, ensures that vital waterways remain open to all...
South Korea was reviewing a phased contribution to efforts to ensure safe navigation through the Strait of Hormuz, Defence Minister Ahn Gyu-back said on Wednesday, signalling support steps short of military participation. Ahn told a press conference with South Korean reporters in Washington that he had conveyed Seoul’s position at a meeting with US Secretary of Defence Pete Hegseth on Monday. “We ...
South Korea was reviewing a phased contribution to efforts to ensure safe navigation through the Strait of Hormuz, Defence Minister Ahn Gyu-back said on Wednesday, signalling support steps short of military participation. Ahn told a press conference with South Korean reporters in Washington that he had conveyed Seoul’s position at a meeting with US Secretary of Defence Pete Hegseth on Monday. “We said at about this level that, fundamentally, we will participate as a responsible member of the...
SoftBank Group Corp. reported a surprise rise in quarterly profit helped by valuation gains on its OpenAI investment. The Tokyo-based technology group earned a net income of ¥1.83 trillion ($11.6 billion) in its fiscal fourth quarter, compared with the average analyst estimate of ¥295.2 billion. A rise in the ChatGPT maker’s price tag helped SoftBank while war in the Middle East roiled markets. Sh...
SoftBank Group Corp. reported a surprise rise in quarterly profit helped by valuation gains on its OpenAI investment. The Tokyo-based technology group earned a net income of ¥1.83 trillion ($11.6 billion) in its fiscal fourth quarter, compared with the average analyst estimate of ¥295.2 billion. A rise in the ChatGPT maker’s price tag helped SoftBank while war in the Middle East roiled markets. Shares of SoftBank’s key public holdings, including Coupang Inc. and Grab Holdings Ltd. , slumped during the period, denting the company’s bottom-line. Founder Masayoshi Son has been unwinding positions and raising SoftBank’s debt load to pay for an expanding list of bets on artificial intelligence. The billionaire has unfurled grandiose plans spanning hundreds of billions of dollars’ worth of investments in data centers while committing to raising SoftBank’s total investment in OpenAI to $64.6 billion by the end of the year. “SoftBank’s history has been good in investment records and perhaps better than people sometimes allow,” said Richard Kaye , co-head of Japan equity strategy at Comgest Asset Management. Since SoftBank’s first investment in OpenAI at a valuation of $157 billion, the US startup’s valuation has surged to $852 billion . The Japanese company’s growing reliance on OpenAI at a time of rising competition from Anthropic PBC and Google is raising concerns alongside reports that the ChatGPT maker failed to meet sales and user targets. But SoftBank’s business is supported by a range of other assets, including chip designer Arm Holdings Plc and the Japanese telecom unit SoftBank Corp. , Kaye said. “It’s very difficult for any of the global mega-tech companies to diversify their bets between competing players,” he said. “SoftBank is not really any different in that sense.”
Political instability, fears of drawn-out Labour leadership campaign, and possibility of Reform government all blamed for jump in UK borrowing costs Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The UK bond market is bruised this morning after a day of political turbulence drove up Britain’s borrowing costs. Brits are grappling with the...
Political instability, fears of drawn-out Labour leadership campaign, and possibility of Reform government all blamed for jump in UK borrowing costs Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The UK bond market is bruised this morning after a day of political turbulence drove up Britain’s borrowing costs. Brits are grappling with their own political shakeups after Nigel Farage scored big in the latest elections. The name Farage resonates in markets as a clearer path toward looser fiscal policy, higher spending and larger deficits, just as investors are already worried about Britain’s debt and inflation outlook. That combination is pushing investors to demand higher compensation to hold UK government debt, sending the UK 10-year gilt yield back above 5%. That’s the highest level since 1998. The higher the borrowing costs, the less the government can borrow, and the impact on growth would be negative. Who in Reform is going to run the bond market / spending plan optimisation game? What are they going to do to solve the housing crisis – which isn’t about building 1.5 mm executive homes in the next 3 years but about supplying decent social and affordable housing for young people to have housing security and start family formation? Who in Reform will be looking at the welfare budget (which now pays £39 bln (2/3 of the defence budget) on housing benefits? Who in Reform will be making the calls on the NHS, Defence and, yes, the greatest immediate challenge to England since the Armada hove into view – filling potholes? Reform has clear intent to govern. Over the next three years – how will they persuade the bond market they can? Continue reading...
Marco_Bonfanti/iStock via Getty Images Thesis Summary Sandisk ( SNDK ) has been the hottest stock on Wall Street this year. I laid out a path to $1000 not that long ago, and we have blown past this. At this rate, we could hit $2000 before month's end, but we can’t ignore the risks. While pricing remains elevated, shipment volumes are weakening, and recent guidance suggests momentum is slowing. On ...
Marco_Bonfanti/iStock via Getty Images Thesis Summary Sandisk ( SNDK ) has been the hottest stock on Wall Street this year. I laid out a path to $1000 not that long ago, and we have blown past this. At this rate, we could hit $2000 before month's end, but we can’t ignore the risks. While pricing remains elevated, shipment volumes are weakening, and recent guidance suggests momentum is slowing. On top of that, technicals are stretched, and the valuation requires Sandisk to maintain this pace of growth for years to come. While Sandisk may still be a great business long term, the easy money has been made In my last post, I downgraded to Hold and highlighted key reasons I might sell the stock. Following Q1, some of my fears have been confirmed. It’s time to Sell Sandisk Blowout Q3, as Expected Sandisk delivered a blowout Q1, much as expected. SNDK Q3 Revenue (Investor slides) Datacenter revenue increased 233% QoQ, and Edge revenue increased over 100%. However, we do notice that the Consumer segment did decrease. Financial Results (Investor slides) Overall, revenues almost doubled QoQ, and gross margins expanded to 78.4%, on the back of strong pricing trends. Lastly, let’s look at the guidance. Guidance (Investor slides) For Q4, revenue is expected to come in at close to $8 billion, up 34% QoQ, while margins should inch up another 1-2%. Overall, clearly Sandisk is still benefitting from a growing and supply-constrained market, but we are seeing signs of slowing. The Earnings Call Was Bearish While this was a strong quarter, management at the very least is downplaying what comes next. So first on next quarter and pricing, so we don't really guide pricing, but I think you saw in FQ3 rather extraordinary pricing acceleration across the business. So we're very happy about that. Source: Earnings Call This was an answer to a question that implied that pricing change is slowing down, and it seems like management confirmed that Q3 was exceptional, though they do not guide on pri...