Daiichi Sankyo Company Limited (DSKYF) Q1 2022 Results - Earnings Call Transcript

Daiichi Sankyo Company Limited (OTCPK:DSKYF) Q1 2022 Results Conference Call July 30, 2021 2:00 AM ET

Company Participants

Hiroyuki Okuzawa - Head of Corporate Planning & Management Division, CFO
Wataru Takasaki - Head of R&D Division

Conference Call Participants

Kazuaki Hashiguchi - Daiwa Securities
Tatsuyuki Arai - BofA Securities
Shinichiro Muraoka - Morgan Stanley
Akinori Ueda - Goldman Sachs
Hidemaru Yamaguchi - Citigroup
Fumiyoshi Sakai - Credit Suisse
Seiji Wakao - JPMorgan

Operator

Thank you very much for waiting. Now we'd like to start Daiichi Sankyo's conference call on the financial results of the first quarter of fiscal year 2021.

We are recording this session today. Thank you for your understanding. Please start the meeting.

Hiroyuki Okuzawa

Okuzawa speaking. I succeeded my predecessor Sai to serve as CFO. Thank you very much for joining Daiichi Sankyo's results announcement meeting despite your very busy schedule today.

I'm going to explain our FY 2021 first quarter financial results we announced at 1 p.m. on Friday, July 30, Japan time, based on our presentation materials. Please turn to Page 3. Today, I'm going to cover FY 2021 first quarter consolidated financial results and business update in that order. Then Wataru Takasaki, R&D Division Head, will give you our R&D update. We will entertain your questions at the end.

Please turn to Page 4. This is an overview of FY 2021 first quarter results. Starting from FY 2021, as an indicator of ordinary profitability, core operating profit is disclosed, which excludes temporary gains and losses, other revenue and other expenses from operating income. Temporary gains and losses related to sales of fixed assets, restructuring, et cetera, and other non-temporary and material gains and losses are included in the temporary gains and losses. Temporary gains and losses are excluded for cost of sales, SG&A expenses, our R&D expenses shown on this page.