
	JPY (millions)
Acquisition cost	Software		Intangible assets associated with products		Other		Total
As of April 1, 2024	¥	289,116	¥	8,300,433	¥	11,944	¥	8,601,492
Additions and other increases	38,769		55,345		134		94,248

Disposals and other decreases	(4,048)		(15,453)		(116)		(19,617)
Reclassification to assets held for sale (Note 18)	(95)		(11,108)		—		(11,204)

Foreign currency translation differences	(4,424)		(122,279)		(9)		(126,712)
As of March 31, 2025	¥	319,318	¥	8,206,937	¥	11,953	¥	8,538,208
Additions and other increases	35,420		191,426		—		226,845

Disposals and other decreases	(15,002)		(17,213)		(24)		(32,238)
Reclassification to assets held for sale (Note 18)	—		(46,943)		—		(46,943)

Foreign currency translation differences	32,307		640,053		59		672,419
As of March 31, 2026	¥	372,043	¥	8,974,261	¥	11,988	¥	9,358,291


Accumulated amortization and accumulated impairment losses
As of April 1, 2024	¥	(139,483)	¥	(4,186,707)	¥	(620)	¥	(4,326,810)
Amortization	(40,414)		(548,660)		(113)		(589,187)
Impairment losses	(556)		(95,047)		—		(95,602)

Disposals and other decreases	3,081		15,283		20		18,384
Reclassification to assets held for sale (Note 18)	63		11,108		—		11,171

Foreign currency translation differences	2,538		72,858		1		75,397
As of March 31, 2025	¥	(174,771)	¥	(4,731,164)	¥	(713)	¥	(4,906,647)
Amortization	(42,544)		(504,475)		(97)		(547,116)
Impairment losses	(762)		(132,640)		—		(133,402)

Disposals and other decreases	14,987		17,213		2		32,202
Reclassification to assets held for sale (Note 18)	—		43,353		—		43,353

Foreign currency translation differences	(19,665)		(407,643)		(25)		(427,332)
As of March 31, 2026	¥	(222,756)	¥	(5,715,356)	¥	(832)	¥	(5,938,943)


Carrying amount
As of April 1, 2024	¥	149,632	¥	4,113,726	¥	11,324	¥	4,274,682
As of March 31, 2025	144,547		3,475,773		11,240		3,631,560
As of March 31, 2026	149,287		3,258,905		11,156		3,419,348


	JPY (millions)
	Marketed products		In-process R&D		Carrying amount
As of April 1, 2024	¥	3,148,680	¥	965,045	¥	4,113,726
As of March 31, 2025	2,556,431		919,342		3,475,773
As of March 31, 2026	2,188,277		1,070,628		3,258,905

Marketed products mainly represent license rights associated with commercialized products. In-process R&D mainly represents products in development and license rights obtained in connection with Takeda’s collaborations, in-licensing agreements and others. These agreements relate to the right to sell products that are being developed (Note 13).

The table below provides information about significant intangible assets.


		JPY (millions) Carrying amount				Remaining amortization period
		As of March 31				As of March 31
		2025		2026		2026
Immunoglobulins	Marketed products	¥	710,287	¥	682,868	9 Years
Zasocitinib (TAK-279)	In-process R&D	609,329		652,592		-
TAKHZYRO	Marketed products	496,676		471,297		8 Years
ADVATE & ADYNOVATE/ADYNOVI	Marketed products	220,595		192,138		4 Years

ALUNBRIG	Marketed products	163,329		113,396		5 Years

Takeda’s impairment assessment for intangible assets requires a number of significant judgments to be made by management to estimate the recoverable amount, including the estimated pricing and costs, likelihood of regulatory approval, and the estimated market and Takeda’s share of the market. The most significant assumption for intangible assets associated with marketed products is the product market share of the therapeutic area and estimated pricing, whereas the most significant assumption with pre-marketed products and in-process R&D is the probability of regulatory approval. A change in these assumptions may have a significant impact on the amount, if any, of an impairment charge recorded during a period. For example, negative results from a clinical trial may change the assumption and result in an impairment. Products in development may be fully impaired when a trial is unsuccessful and there is no alternative use for the development asset.

During the year ended March 31, 2024, Takeda recorded impairment losses of JPY 169,405 million, primarily resulting from JPY 73,979 million impairment losses for ALOFISEL (for complex Crohn's perianal fistulas) following topline results of the phase 3 ADMIRE-CD Ⅱ trial, JPY 28,477 million impairment charges for EXKIVITY (for the treatment of non-small cell lung cancer) following a decision to initiate a voluntary withdrawal globally, and impairment charges for certain assets related to in-process R&D assets including those related to TAK-007 and modakafusp alfa (TAK-573) in Oncology as results of decisions to terminate those programs. There were no recoverable amounts of the impaired assets. This was offset by a reversal of impairment losses of JPY 35,686 million related to EOHILIA (TAK-721), a therapy for eosinophilic esophagitis (EoE), following its approval by the U.S. Food and Drug Administration (FDA).

During the year ended March 31, 2025, Takeda recorded impairment losses of JPY 95,602 million, primarily resulting from the decision to terminate the acquired development of oncology products and the results of studies for the neuroscience products. The recoverable amount of the impaired assets amounted to JPY 163,392 million.

During the year ended March 31, 2026, Takeda recorded impairment losses of JPY 133,402 million, which primarily included JPY 58,173 million related to the gamma delta T-cell therapy platform and associated oncology programs recorded following the decision to discontinue cell therapy research, JPY 31,877 million related to ALUNBRIG, a treatment for non-small cell lung cancer, recorded due to a reduction in future sales forecasts, and impairment charges for certain other in-process R&D assets following the decision to discontinue the related research and development activities. The recoverable amount of the impaired assets amounted to JPY 113,419 million.

For the years ended March 31, 2024, 2025 and 2026, the recoverable amount was measured at fair value less costs of disposal. This fair value is classified as Level 3 in the fair value hierarchy. The discount rates (post-tax) used for the measurement for the years ended March 31, 2024, 2025 and 2026 were 7.2%, 5.8% and 7.1% respectively.