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Pharmaceuticals
Agrochemicals
Managing Director,
In charge of Life Science Business Unit
Hiroshi
Shimada
In FY2022, the first year of KV25, sales in the pharmaceutical business were affected by the drug price revisions for domestic formulations as in previous years. However, sales were on par with the previous year due to growth of sales volume, mainly of generic anti-cancer drugs including unique formulations and biosimilars. In addition, Specialty Chemicals, International & IVD business and Food Techno, a subsidiary, enjoyed steady business performance, and we could almost achieve forecast net sales and divisional operating income for the pharmaceuticals business as a whole.
In R&D, we have promoted several themes for which we aim to enter clinical trials in 2025. We have also started to acquire new modalities through partnerships with academia. As in the past, we are also heavily engaged in activities for the continued launch of generic anti-cancer drugs and biosimilars. On the other hand, it was also a year in which we reaffirmed the importance of quality assurance and stable supply as a company that provides pharmaceutical products. All of us will continue to work hard to ensure that our business operations are conducted under the best possible system.
Regarding for the agrochemicals business in the first year of KV25, overseas sales grew significantly and we were able to make a good start. In particular, the increase in sales of insecticide such as EVISECT and flometoquin formulations contributed significantly. But soaring raw material prices led to deterioration in profitability. We will continue to maintain domestic sales, expand overseas, pass on cost increases to sales prices, and promote cost reductions with the aim of achieving sales in FY2025.
In FY2023, the Life Science business unit, which includes the agrochemicals business as well as the pharmaceuticals business, will be newly launched. This business unit as a whole has the strength of having food and healthcare-related products in addition to pharmaceuticals and agrochemicals. In technological fields which are closely related to people՚s lives, including living and eating, we will create businesses and products based on new ideas through synergies within the business unit, in our efforts to achieve our vision.
Anti-cancer drugs