Property, Plant and Equipment |
Property, Plant and Equipment | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | JPY (millions) | Acquisition cost | Buildings and structures | | Machinery and vehicles | | Tools, furniture, and fixtures | | Land | | Construction in progress | | Total | As of April 1, 2023 | ¥ | 1,400,108 | | | ¥ | 851,382 | | | ¥ | 141,867 | | | ¥ | 98,227 | | | ¥ | 207,400 | | | ¥ | 2,698,984 | | Additions and other increases | 158,460 | | | 27,662 | | | 11,508 | | | 5 | | | 126,788 | | | 324,423 | | | | | | | | | | | | | | Transfers | 26,434 | | | 39,784 | | | 10,803 | | | — | | | (77,021) | | | — | | Disposals and other decreases | (45,337) | | | (11,583) | | | (10,694) | | | (9) | | | (2,817) | | | (70,440) | | Reclassification to assets held for sale (Note 19) | (9,188) | | | (6,236) | | | (483) | | | (597) | | | (53) | | | (16,558) | | | | | | | | | | | | | | Foreign currency translation differences | 148,576 | | | 80,936 | | | 11,946 | | | 8,220 | | | 24,391 | | | 274,069 | | As of March 31, 2024 | ¥ | 1,679,054 | | | ¥ | 981,944 | | | ¥ | 164,945 | | | ¥ | 105,845 | | | ¥ | 278,689 | | | ¥ | 3,210,478 | | Additions and other increases | 37,969 | | | 22,271 | | | 10,480 | | | — | | | 154,435 | | | 225,155 | | | | | | | | | | | | | | Transfers | 36,236 | | | 48,722 | | | 13,185 | | | 68 | | | (98,211) | | | — | | Disposals and other decreases | (36,322) | | | (29,931) | | | (5,668) | | | (0) | | | (7,325) | | | (79,245) | | Reclassification to assets held for sale (Note 19) | (22,552) | | | (15,493) | | | (346) | | | (399) | | | (12) | | | (38,803) | | | | | | | | | | | | | | Foreign currency translation differences | (22,509) | | | (12,205) | | | (2,539) | | | (1,172) | | | (5,920) | | | (44,345) | | As of March 31, 2025 | ¥ | 1,671,876 | | | ¥ | 995,309 | | | ¥ | 180,056 | | | ¥ | 104,342 | | | ¥ | 321,656 | | | ¥ | 3,273,239 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Accumulated depreciation and accumulated impairment losses | | | | | | | | | | | | As of April 1, 2023 | ¥ | (419,530) | | | ¥ | (486,618) | | | ¥ | (98,207) | | | ¥ | (243) | | | ¥ | (3,156) | | | ¥ | (1,007,755) | | Depreciation expenses | (80,067) | | | (71,588) | | | (18,684) | | | — | | | — | | | (170,339) | | Impairment losses | (1,082) | | | (4,039) | | | (781) | | | — | | | (9,552) | | | (15,454) | | Disposals and other decreases | 22,173 | | | 8,682 | | | 10,127 | | | — | | | 1,210 | | | 42,192 | | Reclassification to assets held for sale (Note 19) | 7,961 | | | 5,353 | | | 419 | | | — | | | — | | | 13,733 | | | | | | | | | | | | | | Foreign currency translation differences | (36,879) | | | (37,869) | | | (8,058) | | | (30) | | | (242) | | | (83,078) | | As of March 31, 2024 | ¥ | (507,425) | | | ¥ | (586,080) | | | ¥ | (115,184) | | | ¥ | (273) | | | ¥ | (11,739) | | | ¥ | (1,220,701) | | Depreciation expenses | (86,344) | | | (66,372) | | | (20,676) | | | — | | | — | | | (173,392) | | Impairment losses | (498) | | | (830) | | | (116) | | | — | | | (3,333) | | | (4,778) | | Disposals and other decreases | 19,132 | | | 24,985 | | | 5,341 | | | — | | | 2,840 | | | 52,298 | | Reclassification to assets held for sale (Note 19) | 14,087 | | | 11,642 | | | 192 | | | 47 | | | — | | | 25,968 | | | | | | | | | | | | | | Foreign currency translation differences | 6,892 | | | 6,541 | | | 1,974 | | | 3 | | | 166 | | | 15,575 | | As of March 31, 2025 | ¥ | (554,156) | | | ¥ | (610,114) | | | ¥ | (128,469) | | | ¥ | (223) | | | ¥ | (12,068) | | | ¥ | (1,305,030) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | JPY (millions) | Carrying amount | Buildings and structures | | Machinery and vehicles | | Tools, furniture, and fixtures | | Land | | Construction in progress | | Total | As of April 1, 2023 | ¥ | 980,578 | | | ¥ | 364,763 | | | ¥ | 43,660 | | | ¥ | 97,983 | | | ¥ | 204,245 | | | ¥ | 1,691,229 | | As of March 31, 2024 | 1,171,629 | | | 395,865 | | | 49,761 | | | 105,572 | | | 266,950 | | | 1,989,777 | | As of March 31, 2025 | 1,117,720 | | | 385,195 | | | 51,587 | | | 104,119 | | | 309,589 | | | 1,968,209 | |
Leases The changes in acquisition cost of property, plant and equipment for the years ended March 31, 2024 and 2025 include the following changes in ROU assets: | | | | | | | | | | | | | | | | | | | | | | | | | JPY (millions) | Acquisition cost of ROU Assets | Buildings and structures | | Machinery and vehicles | | Tools, furniture, and fixtures | | Total | As of April 1, 2023 | ¥ | 573,585 | | | ¥ | 16,818 | | | ¥ | 320 | | | ¥ | 590,724 | | Additions and other increases | 136,969 | | | 7,950 | | | 31 | | | 144,950 | | Disposals and other decreases | (36,468) | | | (4,840) | | | (33) | | | (41,341) | | Reclassification to assets held for sale (Note 19) | (408) | | | (38) | | | (127) | | | (573) | | Foreign currency translation differences | 68,220 | | | 1,988 | | | 20 | | | 70,228 | | As of March 31, 2024 | ¥ | 741,898 | | | ¥ | 21,880 | | | ¥ | 211 | | | ¥ | 763,989 | | Additions and other increases | 18,118 | | | 6,867 | | | — | | | 24,986 | | Disposals and other decreases | (32,499) | | | (4,677) | | | (110) | | | (37,286) | | | | | | | | | | Foreign currency translation differences | (10,687) | | | (795) | | | (2) | | | (11,484) | | As of March 31, 2025 | ¥ | 716,831 | | | ¥ | 23,275 | | | ¥ | 98 | | | ¥ | 740,204 | |
The changes in accumulated depreciation and accumulated impairment losses for the years ended March 31, 2024 and 2025 include the following changes in accumulated depreciation and accumulated impairment losses related to ROU assets: | | | | | | | | | | | | | | | | | | | | | | | | | JPY (millions) | Accumulated depreciation and accumulated impairment losses of ROU Assets | Buildings and structures | | Machinery and vehicles | | Tools, furniture, and fixtures | | Total | As of April 1, 2023 | ¥ | (172,149) | | | ¥ | (8,037) | | | ¥ | (264) | | | ¥ | (180,450) | | Depreciation expenses | (45,635) | | | (5,286) | | | (33) | | | (50,954) | | | | | | | | | | Disposals and other decreases | 17,251 | | | 4,221 | | | 33 | | | 21,505 | | Reclassification to assets held for sale (Note 19) | 405 | | | 38 | | | 120 | | | 562 | | Foreign currency translation differences | (20,368) | | | (865) | | | (16) | | | (21,249) | | As of March 31, 2024 | ¥ | (220,496) | | | ¥ | (9,930) | | | ¥ | (160) | | | ¥ | (230,586) | | Depreciation expenses | (44,571) | | | (6,065) | | | (19) | | | (50,656) | | | | | | | | | | Disposals and other decreases | 14,587 | | | 3,741 | | | 109 | | | 18,437 | | | | | | | | | | Foreign currency translation differences | 3,738 | | | 352 | | | 2 | | | 4,092 | | As of March 31, 2025 | ¥ | (246,742) | | | ¥ | (11,902) | | | ¥ | (68) | | | ¥ | (258,712) | |
The carrying amount of property, plant and equipment includes the carrying amount of following ROU assets: | | | | | | | | | | | | | | | | | | | | | | | | | JPY (millions) | Carrying amount of ROU Assets | Buildings and structures | | Machinery and vehicles | | Tools, furniture, and fixtures | | Total | As of April 1, 2023 | ¥ | 401,437 | | | ¥ | 8,781 | | | ¥ | 56 | | | ¥ | 410,274 | | As of March 31, 2024 | 521,403 | | | 11,950 | | | 51 | | | 533,403 | | As of March 31, 2025 | 470,089 | | | 11,373 | | | 30 | | | 481,492 | |
Takeda recognized expenses related to leases not included in the measurement of the lease liabilities as follows: | | | | | | | | | | | | | | | | | | | JPY (millions) For the Year Ended March 31 | | 2023 | | 2024 | | 2025 | Expense relating to short-term leases | ¥ | 4,521 | | | ¥ | 4,312 | | | ¥ | 4,160 | | Expense relating to leases of low-value assets that are not short-term leases expenses | 1,255 | | | 887 | | | 493 | | Expense relating to variable lease payments | 4,794 | | | 10,954 | | | 11,250 | | Total expenses not included in lease liabilities | ¥ | 10,570 | | | ¥ | 16,152 | | | ¥ | 15,904 | | Total cash outflow for leases not included in lease liabilities | ¥ | 10,570 | | | ¥ | 16,152 | | | ¥ | 15,904 | | | | | | | |
The total cash outflow for leases on lease liabilities for the years ended March 31, 2023, 2024 and 2025 was JPY 59,981 million, JPY 75,412 million and JPY 69,685 million, respectively. Also, the total future cash outflow for leases not yet commenced to which Takeda is committed for the year ended March 31, 2025 is JPY 221,192 million. Impairment Takeda recognized the following impairment losses for property, plant and equipment, which are reflected as follows, in the consolidated statements of profit or loss: | | | | | | | | | | | | | | | | | | | JPY (millions) For the Year Ended March 31 | | 2023 | | 2024 | | 2025 | Cost of sales | ¥ | (375) | | | ¥ | (6,225) | | | ¥ | (1,485) | | Selling, general and administrative expenses | (75) | | | — | | | (34) | | Research and development expenses | — | | | (1,307) | | | (1) | | Other operating expenses | (1,881) | | | (7,923) | | | (3,257) | | Total | ¥ | (2,331) | | | ¥ | (15,454) | | | ¥ | (4,778) | |
Impairment losses for the year ended March 31, 2023 resulted primarily from a decision to discontinue a production facility in Europe. Impairment losses for the year ended March 31, 2024 resulted primarily from production facilities, whose recoverable amounts were nil, related to ALOFISEL (for complex Crohn's perianal fistulas) following topline results of the phase 3 ADMIRE-CD Ⅱ trial. The carrying amounts of the impaired assets were reduced to the recoverable amounts, which were measured at fair value less costs of disposal. This fair value is classified as Level 3 in the fair value hierarchy.
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