Takeda Pharmaceutical Co Ltd

4502: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	JPY 5,652.00	Gygg	Stkwrxty

Takeda Earnings: Results and Guidance in Line, Moat Rating Downgrade to None

Jay Lee

May 10, 2024

Takeda’s fourth-quarter earnings and fiscal 2024 guidance were in line with our expectations. Separately, we lower our moat rating to no-moat from narrow. Despite our downgraded rating, we maintain our fair value estimate of JPY 4,700, as our previous fair value reflected sufficiently conservative assumptions.

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