LTT Bio-Pharma Co., Ltd. is a Japan-based company mainly involved in the pharmaceutical industry. The Company operates in two business segments. The Pharmaceutical Discovery segment is engaged in the research and development of drug delivery system (DDS) agents and the provision of support services for antiaging clinic operation. The Pharmacy segment, through its subsidiary, is involved in the operation of a dispensing pharmacy which provides drug dispensing services according to the prescriptions. LTT Bio-Pharma has one consolidated subsidiary and one associated company.
Quick Financial Synopsis
BRIEF: For the six months ended 30 September 2009, LTT Bio- Pharma Co., Ltd.'s revenues decreased 93% to Y42.8M. The Company's net income totaled Y170.3M, vs. a net loss of Y13.7M. Revenues reflect lower sales from medicine creation segment. Net income is offset by a lower percentage of cost of sales, as well as the presence of Y385.9M dividends received and Y10M gains on reversal of allowances for doubtful accounts.