First, we at Otsuka would like to express our sympathy and concern for all who have been affected by COVID-19. We also want to reaffirm our respect and gratitude for the medical professionals and other health care personnel who are working so hard to provide care and support during the pandemic.
The pandemic has transformed the way we live, affecting individuals, society, the global economy and other aspects of modern civilization at a scale previously unimaginable. Despite social, political and economic instabilities triggered by changes and uncertainties regarding the future, we retain our unwavering focus on our large aims while adapting to the “new normal” and seeking new opportunities. Now more than ever is the time to apply our unique and enduring capabilities as a comprehensive healthcare company.
Fiscal 2020 marked the second year of our Third Medium-Term Management Plan, encapsulated by the statement, “Advance in the Global Market as a Unique, Total Healthcare Company: Five-Year Growth Phase.” Our Pharmaceutical business benefited from steady growth of our four global prescription drug products. Also, we launched the anticancer agent INQOVI, which received simultaneous regulatory approvals in the U.S. and Canada through collaboration among group companies Taiho, Astex and Otsuka Pharmaceutical. An orally administered tablet, this agent is expected to provide convenience for patients by reducing the need for office visits.
In our Nutraceutical* business, although a reduction of outdoor activities led to a decrease in beverage consumption, increased health consciousness and at-home consumption fueled sales growth of some of our other nutraceutical* products such as our vitamin and supplement brands.
In all areas of business, we will continue to do what only Otsuka can do, focusing on creation of products and dissemination of information to meet specific health care needs, and on initiatives that contribute to achievement of a sustainable society.
We will celebrate our 100th anniversary starting on September 1. Guided by our corporate philosophy, “Otsuka-people creating new products for better health worldwide,” we will continue to thrive as a comprehensive global health-care company, creating innovative products and services as we aim for sustainable growth.
We look forward to and deeply appreciate your ongoing support.
President and Representative Director, CEO
- * Nutraceuticals = nutrition + pharmaceuticals