Accelerated Cost Synergies and Achieved $2.3 Billion Target One Year Ahead of Plan
Reported Net Profit Growth of Approximately +750% YOY, Reflecting Gains on Non-core Asset Sales and Lower Acquisition-related Expenses
Robust Operating Cash Flow and Divestiture Proceeds Resulting in Free Cash Flow of JPY 1,237.8 Billion, Driving Deleveraging to Net Debt / Adjusted EBITDA of 3.2x
FY2021 Anticipated to be an Inflection Year for Wave 1 Pipeline with Five to Six Wave 1 NMEs Submitted and Under Regulatory Review by the FDA with the Potential for Four Approvals
Takeda Pharmaceutical Company Limited (TOKYO:4502) (NYSE:TAK) (“Takeda”) today announced financial results for fiscal year 2020 (period ended March 31, 2021).
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JAL Group Announces FY2020 Consolidated Financial Results
The JAL Group today announced the consolidated financial results for the period April 1, 2020 to March 31, 2021. Beginning this fiscal year, the Company applied IFRS (International Financial Reporting Standards) to the consolidated financial results. In line with this change, the performance management indicator has been changed from operating income to EBIT, which includes both business and investment results.
This fiscal year (April 1, 2020 to March 31, 2021) was extremely tough for the airline industry, including the JAL Group, due to the impact of the COVID-19 pandemic. As the pandemic spread across the globe, the JAL Group strived to maintain its domestic and international route network, while strengthening hygiene and contactless measures to ensure a safe and secure travel experience. Faced with a rapid and significant decrease in revenue, the carrier implemented fundamental cost reduction measures
By Stephen Bouvier2021-05-10T15:27:00+01:00
A trio of lawmakers in the upper house of the United Kingdom parliament have lined up to launch an unprecedented attack on accounting policy issues.
In the firing line was the new body charged with endorsing International Financial Reporting Standards for use in the UK, the International Accounting Standards Board’s planned new insurance liabilities accounting standard, IFRS 17, and the mark-to-market pensions model.
Long-standing IFRS critic Lord Prem Sikka said: “In common with the Financial Reporting Council, the newly created Accounting Standards Endorsement Board will primarily rubber-stamp the international accounting standards, better known as the international financial reporting standards, or IFRS.”
Finning reports Q1 2021 results and announces contracts with Codelco in South America streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
By Rachel Fixsen2021-05-10T15:57:00+01:00
Norway’s sovereign wealth fund, which invests around 8% of its equities allocation in Japan, has used an exercise by the Asian country to revise its corporate governance code to push for even more independence on Japanese company boards.
Responding to consultations on revisions to the Japanese Corporate Governance Code as well as guidelines for investor and company engagement – which apply to listed firms – Norges Bank Investment Management (NBIM) said: “We welcome the recommendation in the revised code for companies listed on the prime market to appoint at least one-third of the board as independent directors.”