Daiichi Sankyo Forecasts Fall for Fiscal 2008 Due To Overseas Investments, R&D Growth

TOKYO - Profits for fiscal 2007 were lower than expected and earnings are to decline for fiscal 2008 "under the challenging environment such as the National Health Insurance drug price revisions and the stronger yen," said Takashi Shoda, president and CEO of Daiichi Sankyo at its headquarters in Tokyo, May 14. Shoda also cited the company's heavy investment in overseas facilities and its R&D growth as factors for the negative forecast