Kyowa Kirin reports half-year profit and revenue decline

Kyowa Kirin reported revenue of 230.7bn yen for the six months ended June 30, down 1.0% year-on-year. Core operating profit fell 20.7% to 35.0bn yen, while profit attributable to owners plunged 56.8% to 16.3bn yen.

The decline stemmed from business restructuring in the Asia-Pacific region and drug price standard reductions, despite growth in global strategic products. The company maintained its half-year dividend at 30 yen per share.