Kyowa Hakko Kirin 2008-2009 sales up 17.4%, operating income up 15.2%.

Kyowa Hakko Kirin Co Ltd announced its consolidated financial results for year ended Mar 2009. During 2008-2009, consolidated net sales were Yen 460.1 bn, up 17.4% and consolidated operating income was Yen 45.3 bn, an increase of 15.2% compared to 2007-2008. Net income for 2008-2009 decreased by 50% to Yen 11.7 bn, as extraordinary losses of Yen 21.5 bn were recorded due to valuation losses on investment securities, impairment losses and other factors. Operating income in the Pharmaceuticals segment grew by 74.5% for 2008-2009, supported by the consolidation of Kirin Pharma in Apr 2008, while in the Bio-Chemicals segment, operating income was affected by the strong yen and …