The earnings call highlighted strong performance in oncology products and positive developments in clinical trials, particularly with PADCEV and IZERVAY. However, these were offset by significant declines in core operating profit and operating profit due to acquisition-related expenses and underperformance of VEOZAH.
Company Guidance
During the Astellas Pharma Inc.'s FY 2023 Second Quarter earnings call, the company provided guidance on several key financial metrics and strategic initiatives. Revenue for the quarter increased to JPY 767.1 billion, marking a 0.6% year-on-year rise, with a 50.5% progress towards the full-year forecast. However, core operating profit declined by 24.5% to JPY 109.8 billion, impacted by the LEXISCAN generic and the acquisition of Iveric Bio, leading to a downward revision of the full-year operating profit forecast. Notably, oncology products such as XTANDI, PADCEV, and XOSPATA exceeded expectations, prompting an upward revision of their combined forecast by approximately JPY 18 billion. Despite the underperformance of VEOZAH, which was attributed to lower-than-expected out-of-pocket usage and procedural hurdles, its long-term potential remains optimistic. The initial uptake of IZERVAY was aligned with expectations, contributing JPY 1.2 billion in sales since its September launch. Looking ahead, Astellas expects significant growth from strategic products like VEOZAH, PADCEV, and IZERVAY, although achieving a core operating profit margin of 30% by FY 2025 may be challenging. The call also highlighted ongoing efforts in cost optimization and resource allocation to drive sustainable growth.
Strong Performance in Oncology Products
XTANDI, PADCEV, and XOSPATA combined exceeded expectations. PADCEV global sales increased by 57% year-on-year, and XOSPATA sales increased by 12% year-on-year.
Positive Developments in Clinical Trials
PADCEV EV-302 study results were extremely favorable, exceeding expectations, leading to a planned earlier submission for additional indications.
IZERVAY Initial Uptake on Track
IZERVAY launched in September with initial sales of JPY 1.2 billion, aligning with expectations.
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Astellas Pharma (ALPMF) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ALPMF Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 30, 2024
$11.40
$12.00
+5.26%
Aug 01, 2024
$11.60
$11.40
-1.72%
Apr 25, 2024
$9.44
$9.84
+4.24%
Feb 05, 2024
$11.58
$11.10
-4.15%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Astellas Pharma Inc (ALPMF) report earnings?
Astellas Pharma Inc (ALPMF) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Astellas Pharma Inc (ALPMF) earnings time?
Astellas Pharma Inc (ALPMF) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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