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Japan's Takeda expects annual loss on Shire deal

Tue, 14th May 2019 07:39

TOKYO, May 14 (Reuters) - Takeda Pharmaceutical Coforecast on Tuesday it would have an operating loss in thecurrent financial year, as it books costs associated with themultibillion-dollar Shire deal.

Japan's biggest drugmaker expects an operating loss of 193billion yen ($1.76 billion) for the year to March 2020, comparedwith a 205 billion yen profit a year earlier.

That compares with an average estimate for the current yearof 227.5 billion yen profit from 12 analysts, compiled byRefinitiv.

Takeda closed a deal to acquire Irish Shire in January.($1 = 109.60 yen)(Reporting by Takashi Umekawa; Editing by Richard Borsuk)

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