Takeda Announces Liquidation of Holding Company
Takeda Announces Liquidation of Holding Company
Osaka, Japan, January 22, 2020 - Takeda Pharmaceutical Company Limited (TSE: 4502/NYSE: TAK) (“Takeda”), today announced it intends to liquidate its fully owned Irish company Shire Pharmaceutical Holdings Ireland Limited. All investments in subsidiaries owned by Shire Pharmaceutical Holdings Ireland Limited upon entering into liquidation will be transferred to and retained under direct ownership of Takeda Pharmaceutical Company Limited.
The liquidation of Shire Pharmaceutical Holdings Ireland Limited is part of a company-wide legal entity rationalization program, related to the integration of Shire, to help simplify the combined legal entity ownership structure and allow for more efficient income repatriation to Takeda.
1. Overview of Shire Pharmaceutical Holdings Ireland Limited
|
(1) |
Company name |
Shire Pharmaceutical Holdings Ireland Limited | ||||
|
(2) |
Headquarters |
Block 2, Miesian Plaza, 50-58 Baggot Street Lower, Dublin 2 | ||||
|
(3) |
Name of representatives |
Susan O’Reilly | ||||
|
(4) |
Business description |
Shareholding of legacy Shire group entities | ||||
|
(5) |
Capital |
USD 2.516 billion | ||||
|
(6) |
Date of establishment |
May 15, 2008 | ||||
|
(7) |
Major shareholders and percentage of shares held |
Takeda Pharmaceutical Company Limited |
100.0% | |||
|
(8) |
Operating result and financial conditions for the last three years | |||||
|
Accounting period |
Fiscal year ended December 2018 |
Fiscal year ended December 2017 |
Fiscal year ended December 2016 | |||
|
|
Net assets (million USD) |
36,618 |
41,063 |
41,077 | ||
|
|
Total assets (million USD) |
50,696 |
55,897 |
53,867 | ||
|
|
Net assets per share (USD) |
15 |
16 |
16 | ||
|
|
Revenue (million USD) |
- |
- |
- | ||
|
|
Operating profit (loss) |
(3,222) |
(219) |
(755) | ||
|
|
Net profit (loss) |
1,763 |
(14) |
(502) | ||
|
|
Earnings per share (USD) |
0.70 |
(0.01) |
(0.20) | ||
|
|
Dividend per share (USD) |
- |
- |
- | ||
2. Schedule of the Liquidation
|
(1) |
Date of governance meeting resolution |
January 22 2020 |
|
(2) |
Date of liquidation |
September 2020 (Estimate) |
3. Loss from Liquidation and outlook
Although the financial impact resulting from the liquidation is still under review, the impact on the consolidated earnings forecast for FY2019 is expected to be minimal as it was already contemplated in Takeda’s previously issued forecast.
Consolidated earnings forecast for FY2019 (as of October 31, 2019) and consolidated results for FY2018
(million yen)
|
|
Revenue |
Operating profit |
Profit before |
Profit attributable to |
|
Forecast for FY 2019 |
3,260,000 |
(110,000) |
(290,000) |
(273,000) |
|
Results for FY 2018 |
2,097,224 |
204,969 |
94,896 |
109,126 |
Investor Relations Contact:
Takashi Okubo
[email protected]
+81 3 3278 2306
Media Inquiries:
Kazumi Kobayashi (Japan)
[email protected]
+81 3 3278 2095
About Takeda Pharmaceutical Company Limited
Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) is a global, values-based, R&D-driven biopharmaceutical leader headquartered in Japan, committed to bringing Better Health and a Brighter Future to patients by translating science into highly-innovative medicines. Takeda focuses its R&D efforts on four therapeutic areas: Oncology, Rare Diseases, Neuroscience, and Gastroenterology (GI). We also make targeted R&D investments in Plasma-Derived Therapies and Vaccines. We are focusing on developing highly innovative medicines that contribute to making a difference in people's lives by advancing the frontier of new treatment options and leveraging our enhanced collaborative R&D engine and capabilities to create a robust, modality-diverse pipeline. Our employees are committed to improving quality of life for patients and to working with our partners in health care in approximately 80 countries.
For more information, visit https://www.takeda.com.
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