Sunday, May 29, 2016

Takeda Provides Update on EU Marketing Authorization Application for NINLARO® (ixazomib) in Relapsed/Refractory Multiple Myeloma

CAMBRIDGE, Mass. & OSAKA, Japan - Saturday, May 28th 2016 [ME NewsWire]

(BUSINESS WIRE)-- Takeda Pharmaceutical Company Limited (TSE: 4502) today announced that the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) has adopted a negative opinion, recommending against the authorization of NINLARO® (ixazomib) capsules, an oral proteasome inhibitor for the treatment of patients with relapsed and/or refractory multiple myeloma. Takeda intends to appeal this opinion and request a re-examination by the CHMP.

“We are disappointed by the CHMP’s opinion. With the support of European key medical experts, we will continue our efforts working closely with the CHMP to make NINLARO – the first oral proteasome inhibitor – available for patients in Europe,” said Christophe Bianchi, M.D., President, Takeda Oncology. “Despite recent progress, myeloma remains an intractable disease, and patients suffering from multiple myeloma and their treating physicians need more options to improve outcomes. We stand behind the TOURMALINE-MM1 trial data, which were recently published in the New England Journal of Medicine and demonstrated a significant extension in progression-free survival for NINLARO + lenalidomide and dexamethasone vs. placebo + lenalidomide and dexamethasone and a favorable benefit-risk profile.”

“After years of treating patients, I have yet to see two people whose diseases are exactly alike. The diversity of patients with multiple myeloma demands a wide range of innovative treatment options that offer efficacy, tolerable safety profiles and convenience, which are especially important benefits for elderly populations,” said Philippe Moreau, M.D., University of Nantes, France. “In Europe, where no oral proteasome inhibitor is available, NINLARO would fill a noticeable void and enable the first all-oral triplet combination therapy for patients with relapsed or refractory multiple myeloma.”

NINLARO was approved by the U.S. Food and Drug Administration (FDA) in November 2015 following a priority review. In the U.S., NINLARO is indicated in combination with lenalidomide and dexamethasone for the treatment of patients with multiple myeloma who have received at least one prior therapy. The FDA approval of NINLARO marked the first global regulatory approval of ixazomib. Takeda also has submitted applications for approval of ixazomib to additional regulatory authorities around the world. In addition to the TOURMALINE-MM1 trial that is forming the basis of these global regulatory submissions in relapsed and refractory multiple myeloma, ixazomib is being investigated in a number of other multiple myeloma treatment settings.

There will be no significant impact to Takeda’s fiscal year 2016 financials due to the CHMP opinion.

About NINLARO® (ixazomib)
NINLARO® (ixazomib) is an investigational oral proteasome inhibitor which is being studied in multiple myeloma and systemic light-chain (AL) amyloidosis. It was the first oral proteasome inhibitor to enter Phase 3 clinical trials and to receive approval.

Ixazomib was granted orphan drug designation in multiple myeloma in both the U.S. and Europe in 2011 and for AL amyloidosis in both the U.S. and Europe in 2012. Ixazomib received Breakthrough Therapy status by the U.S. FDA for relapsed or refractory systemic light-chain (AL) amyloidosis, a related ultra orphan disease, in 2014.

The comprehensive ixazomib clinical development program, TOURMALINE, further reinforces Takeda’s ongoing commitment to developing innovative therapies for people living with multiple myeloma worldwide and the healthcare professionals who treat them. TOURMALINE includes a total of five ongoing pivotal trials – four investigating every major multiple myeloma patient population and one in light-chain amyloidosis:

    TOURMALINE-MM1, investigating ixazomib vs. placebo, in combination with lenalidomide and dexamethasone in relapsed and/or refractory multiple myeloma
    TOURMALINE-MM2, investigating ixazomib vs. placebo, in combination with lenalidomide and dexamethasone in patients with newly diagnosed multiple myeloma
    TOURMALINE-MM3, investigating ixazomib vs. placebo as maintenance therapy in patients with newly diagnosed multiple myeloma following induction therapy and autologous stem cell transplant (ASCT)
    TOURMALINE-MM4, investigating ixazomib vs. placebo as maintenance therapy in patients with newly diagnosed multiple myeloma who have not undergone ASCT
    TOURMALINE-AL1, investigating ixazomib plus dexamethasone vs. physician choice of selected regimens in patients with relapsed or refractory AL amyloidosis

In addition to the TOURMALINE program, a large number of investigator initiated studies are evaluating ixazomib for patients globally.

About Multiple Myeloma
Multiple myeloma is a cancer of the plasma cells, which are found in the bone marrow. In multiple myeloma, a group of monoclonal plasma cells, or myeloma cells, becomes cancerous and multiplies. These malignant plasma cells have the potential to affect many bones in the body, possibly resulting in compression fractures, lytic bone lesions and related pain. Multiple myeloma can cause a number of serious health problems affecting the bones, immune system, kidneys and red blood cell count, with some of the more common symptoms including bone pain and fatigue, a symptom of anemia. Multiple myeloma is a rare form of cancer, with approximately 39,000 new cases in the EU and 114,000 new cases globally per year.

Important Safety Information (U.S.)

WARNINGS AND PRECAUTIONS

    Thrombocytopenia has been reported with NINLARO. During treatment, monitor platelet counts at least monthly, and consider more frequent monitoring during the first three cycles. Manage thrombocytopenia with dose modifications and platelet transfusions as per standard medical guidelines. Adjust dosing as needed. Platelet nadirs occurred between Days 14-21 of each 28-day cycle and recovered to baseline by the start of the next cycle.
    Gastrointestinal Toxicities, including diarrhea, constipation, nausea and vomiting, were reported with NINLARO and may occasionally require the use of antidiarrheal and antiemetic medications, and supportive care. Diarrhea resulted in the discontinuation of one or more of the three drugs in 1% of patients in the NINLARO regimen and < 1% of patients in the placebo regimen. Adjust dosing for severe symptoms.
    Peripheral Neuropathy (predominantly sensory) was reported with NINLARO. The most commonly reported reaction was peripheral sensory neuropathy (19% and 14% in the NINLARO and placebo regimens, respectively). Peripheral motor neuropathy was not commonly reported in either regimen (< 1%). Peripheral neuropathy resulted in discontinuation of one or more of the three drugs in 1% of patients in both regimens. Monitor patients for symptoms of peripheral neuropathy and adjust dosing as needed.
    Peripheral Edema was reported with NINLARO. Monitor for fluid retention. Investigate for underlying causes when appropriate and provide supportive care as necessary. Adjust dosing of dexamethasone per its prescribing information or NINLARO for Grade 3 or 4 symptoms.
    Cutaneous Reactions: Rash, most commonly maculo-papular and macular rash, was reported with NINLARO. Rash resulted in discontinuation of one or more of the three drugs in < 1% of patients in both regimens. Manage rash with supportive care or with dose modification.
    Hepatotoxicity has been reported with NINLARO. Drug-induced liver injury, hepatocellular injury, hepatic steatosis, hepatitis cholestatic and hepatotoxicity have each been reported in < 1% of patients treated with NINLARO. Events of liver impairment have been reported (6% in the NINLARO regimen and 5% in the placebo regimen). Monitor hepatic enzymes regularly during treatment and adjust dosing as needed.
    Embryo-fetal Toxicity: NINLARO can cause fetal harm. Women should be advised of the potential risk to a fetus, to avoid becoming pregnant, and to use contraception during treatment and for an additional 90 days after the final dose of NINLARO.

ADVERSE REACTIONS
The most common adverse reactions (≥ 20%) in the NINLARO regimen and greater than the placebo regimen, respectively, were diarrhea (42%, 36%), constipation (34%, 25%), thrombocytopenia (78%, 54%; pooled from adverse events and laboratory data), peripheral neuropathy (28%, 21%), nausea (26%, 21%), peripheral edema (25%, 18%), vomiting (22%, 11%), and back pain (21%, 16%). Serious adverse reactions reported in ≥ 2% of patients included thrombocytopenia (2%) and diarrhea (2%).

SPECIAL POPULATIONS

    Hepatic Impairment: Reduce the NINLARO starting dose to 3 mg in patients with moderate or severe hepatic impairment.
    Renal Impairment: Reduce the NINLARO starting dose to 3 mg in patients with severe renal impairment or end-stage renal disease requiring dialysis. NINLARO is not dialyzable.
    Lactation: Advise women to discontinue nursing while on NINLARO.

DRUG INTERACTIONS: Avoid concomitant administration of NINLARO with strong CYP3A inducers.

Please see NINLARO full U.S. Prescribing Information: https://www.ninlarohcp.com/safety.

About Takeda Pharmaceutical Company
Takeda Pharmaceutical Company Limited is a global, R&D-driven pharmaceutical company committed to bringing better health and a brighter future to patients by translating science into life-changing medicines. Takeda focuses its research efforts on oncology, gastroenterology and central nervous system therapeutic areas. It also has specific development programs in specialty cardiovascular diseases as well as late-stage candidates for vaccines. Takeda conducts R&D both internally and with partners to stay at the leading edge of innovation. New innovative products, especially in oncology and gastroenterology, as well as its presence in emerging markets, fuel the growth of Takeda. More than 30,000 Takeda employees are committed to improving quality of life for patients, working with our partners in health care in more than 70 countries. For more information, visit http://www.takeda.com/news.

Additional information about Takeda is available through its corporate website, www.takeda.com, and additional information about Takeda Oncology, the brand for the global oncology business unit of Takeda Pharmaceutical Company Limited, is available through its website, www.takedaoncology.com.

Contacts

European Media

Kate Burd, +44 7974 151510

kate.burd@takeda.com



or

Japan Media

Tsuyoshi Tada, +81 (0) 3-3278-2417

tsuyoshi.tada@takeda.com



or

Media outside Japan/EU

Amy Atwood, +1-617-444-2147

amy.atwood@takeda.com





Permalink: http://me-newswire.net/news/18021/en

UAE Participates in the 33rd Meeting of GCC Traffic General Directors

ABU DHABI, United Arab Emirates - Tuesday, May 24th 2016 [ME NewsWire]

Headed by Brigadier Ghaith Hassan Al Zaabi, Director General, Traffic Coordination General Directorate at the Ministry of Interior (MoI), a delegation from the UAE participated in the 33rd Meeting of the Gulf Cooperation Council (GCC) Traffic General Directors, which was recently hosted in the Saudi capital of Riyadh, between the 8 -12th May.

The meeting implements the directives of Their Highnesses and Their Excellencies the GCC Ministers of Interior to double the efforts being made to realize the objectives of GCC leaders and best interests of their citizens to achieve a safe traffic environment in the GCC countries.

The Meeting tackled a number of topics related to traffic safety in the GCC, including strategic awareness procedures; the joint awareness strategy; linking traffic violation data between the GCC states; systems and devices that track driver behaviors; standardizing the permissible levels of vehicle glass tinting in the GCC countries; as well as discussing various papers submitted by member states.

Brigadier Al Zaabi noted that the Meeting strengthened mutual cooperation in achieving traffic safety among the GCC states, for the benefit of their citizens. The Meeting also facilitated members in reviewing and discussing several crucial issues that contribute to achieving a quantum leap in reinforcing cooperation and prompting coordination, so that the traffic systems can be upgraded to the best possible levels and the aspirations of people in the region can be met.

The MoI delegation included Brigadier Khamis Ishaq Mohammed, Director of the Traffic and Patrols Directorate at the Abu Dhabi Police;  Brigadier Mohammed Mayouf Al Ketbi, Head of Vehicles and Drivers Licensing Department at the Abu Dhabi Police; Colonel Saif Muhair Al Mazroui, Director of the General Department of Traffic in Dubai; Colonel Ali Rashid bin Awash, Director of the Traffic and Patrols Department in Fujairah; Colonel Barakat Yaakoub Al Kendi, from the  ICT Department at Abu Dhabi Police; and a number of officers from the MoI.

For more information about:

The Ministry of Interior, please click HERE

Abu Dhabi Police, please click HERE

Follow us and check our Social Media feeds on: YouTube, Facebook, Google +, Instagram and Twitter 

The Arabic-language text of this announcement is the official, authoritative version. Translations are provided as an accommodation only, and should be cross-referenced with the Arabic-language text, which is the only version of the text intended to have legal effect.

Contacts

The UAE Minister of Interior's General Secretariat, Tactical Affairs and Security Media Department

Abu Dhabi Police GHQ - Security Media

Chris Cron +971-(0)-50-666-4891

E-mail: cron.media@hotmail.com









Permalink: http://me-newswire.net/news/17977/en

MoI Council Calls to Strengthen Awareness about Police Services

ABU DHABI, United Arab Emirates - Thursday, May 26th 2016 [ME NewsWire]

The Ministry of Interior (MoI) Council, hosted by Khalid Bakhit bin Tannaf Al Menhali at his residence in the Baniyas region of Abu Dhabi, called to raise awareness in the community about the comprehensive range of Police services and their role in maintaining security and stability. The Council also recommended that awareness campaigns within educational institutions are increased, by coordinating with the MoI and its related bodies.

The Council is one of the gatherings organized by the Law Respect Culture Bureau, in cooperation with the Security Media Department. It was held at the General Directorate for Security Support, at the General Secretariat of the Office of His Highness Deputy Prime Minister, Ministry of Interior. The Council was moderated by Ali Al Shamesi, who called for the efficacy of the Parents Council in the educational institutions to be strengthened, in order to help and educate students about the laws and security.

The Council noted the development of comprehensive Police services in line with international standards. It also deemed more cooperation necessary between members of society and the Police, in order to educate them about how to report a crime, any suspicious act and any other incidences that could threaten their security and stability.

For more information about:

The Ministry of Interior, please click HERE

Abu Dhabi Police, please click HERE

Follow us and check our Social Media feeds on: YouTube, Facebook, Google +, Instagram and Twitter 

The Arabic-language text of this announcement is the official, authoritative version. Translations are provided as an accommodation only, and should be cross-referenced with the Arabic-language text, which is the only version of the text intended to have legal effect.

Contacts

The UAE Minister of Interior's General Secretariat, Tactical Affairs and Security Media Department

Abu Dhabi Police GHQ - Security Media

Chris Cron +971-(0)-50-666-4891

E-mail: cron.media@hotmail.com









Permalink: http://www.me-newswire.net/news/17998/en

Panasonic Launches an Inrush Low-Profile Relay Suited for Remote Control of Smart Switches and Power Outlets

OSAKA, Japan - Thursday, May 26th 2016 [ME NewsWire]

(BUSINESS WIRE)-- Panasonic Corporation announced today that it has developed and will release this month a thin-design DW Relay (Inrush Low-profile relay) suited for remote-control applications such as smart switches and smart power outlets used in smart homes. The product conforms to overseas safety standards and responds to the growing demand for smart homes in overseas markets.

For more information click here.
http://www3.panasonic.biz/ac/e/control/relay/power/dw/index.jsp

This new product has the following features:

1. Thin product height of 15.8 mm allows for compact-sizing with no loss of functionality for remote-control systems.

- Dimensions (WxLxH) (mm): 10.0 × 24.0 × 15.8
(Panasonic’s conventional product* (WxLxH) (mm): 10.0 × 24.0 × 18.8)
*DW relay (inrush type)

2. Holding power of the coil is zero by the adopting a latching function, contributing to reduce the power consumption of the remote control system.

3. Conforms to overseas safety standards designed to enhance the safety and reliability of remote control systems

- USA UL Standards, Canada cUL (CSA) Standards, Germany VDE Standards
China's CQC certification is scheduled to be obtained (within FY2016)

Applications:

Remote-control systems (smart switches, smart power outlets) for lighting, home appliances, etc. used in smart homes

About Panasonic

Panasonic Corporation is a worldwide leader in the development of diverse electronics technologies and solutions for customers in the consumer electronics, housing, automotive, enterprise solutions and device industries. Since its founding in 1918, the company has expanded globally and now operates 474 subsidiaries and 94 associated companies worldwide, recording consolidated net sales of 7.553 trillion yen for the year ended March 31, 2016. Committed to pursuing new value through innovation across divisional lines, the company uses its technologies to create a better life and a better world for its customers. To learn more about Panasonic:http://www.panasonic.com/global.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=51350420&lang=en

Contacts

Panasonic Corporation

Public Relations Department

Tel: +81-(0)3-3574-5664

Fax: +81-(0)3-3574-5699









Permalink: http://www.me-newswire.net/news/18004/en

Masimo to Showcase Next Generation SedLine® Brain Function Monitor at 2016 Euroanaesthesia Congress

SedLine, Which Helps Clinicians Improve Anesthetic Management, Receives CE Mark

NEUCHATEL, Switzerland - Thursday, May 26th 2016 [ME NewsWire]

(BUSINESS WIRE)-- Masimo (NASDAQ: MASI) announced today the CE mark and scheduled full market release of Next Generation SedLine® Brain Function Monitoring technology at the European Society of Anaesthesiology’s (ESA) 2016 Euroanaesthesia Congress in London, England.

Next Generation SedLine enhances how Masimo’s processed EEG parameter, the Patient State Index (PSI), responds in challenging situations, addressing many of the concerns raised with quantitative EEG while bolstering brain function monitoring’s support of anesthetic management.

Next Generation PSI uses Masimo’s breakthrough Parallel Engines and Adaptive Signal Processing technology and provides the following enhancements:

    Less susceptibility to electromyography (EMG) interference by extracting a clearer EEG signal even in the presence of EMG
    Improved PSI performance in low power EEG cases

These improvements build upon the existing benefits of SedLine technology:

    Four simultaneous EEG leads to enable continuous assessment of both sides of the brain
    Density Spectral Array (DSA) offers easy-to-interpret, high-resolution display of bi-hemispheric activity
    Multiple screen views expand information while enabling customization in the OR and ICU
    Electrocautery resistance

“We are delighted to unveil Next Generation SedLine,” said Joe Kiani, Founder and CEO of Masimo. “Next Generation PSI takes advantage of Masimo’s signal processing prowess and promises to do for brain function monitoring what SET did for pulse oximetry.”

Next Generation SedLine has not received FDA 510(k) clearance and is not currently available for sale in the United States.

@MasimoInnovates | #Masimo

About Masimo

Masimo (NASDAQ: MASI) is a global leader in innovative noninvasive monitoring technologies. Our mission is to improve patient outcomes and reduce the cost of care by taking noninvasive monitoring to new sites and applications. In 1995, the company debuted Masimo SET® Measure-through Motion and Low Perfusion™ pulse oximetry, which has been shown in multiple studies to significantly reduce false alarms and accurately monitor for true alarms. Masimo SET® is estimated to be used on more than 100 million patients in leading hospitals and other healthcare settings around the world. In 2005, Masimo introduced rainbow® Pulse CO-Oximetry technology, allowing noninvasive and continuous monitoring of blood constituents that previously could only be measured invasively, including total hemoglobin (SpHb®), oxygen content (SpOC™), carboxyhemoglobin (SpCO®), methemoglobin (SpMet®), and more recently, Pleth Variability Index (PVI®) and Oxygen Reserve Index (ORI™), in addition to SpO2, pulse rate, and perfusion index (PI). In 2014, Masimo introduced Root®, an intuitive patient monitoring and connectivity platform with the Masimo Open Connect (MOC-9) interface. Masimo is also taking an active leadership role in mHealth with products such as the Radius-7™ wearable patient monitor and the MightySat™ fingertip pulse oximeter. Additional information about Masimo and its products may be found at www.masimo.com.

Forward-Looking Statements

This press release includes forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, in connection with the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among others, statements regarding the potential effectiveness of Masimo SedLine®. These forward-looking statements are based on current expectations about future events affecting us and are subject to risks and uncertainties, all of which are difficult to predict and many of which are beyond our control and could cause our actual results to differ materially and adversely from those expressed in our forward-looking statements as a result of various risk factors, including, but not limited to: risks related to our assumptions regarding the repeatability of clinical results; risks related to our belief that Masimo's unique noninvasive measurement technologies, including Masimo SedLine®, contribute to positive clinical outcomes and patient safety; risks related to our belief that Masimo noninvasive medical breakthroughs provide cost-effective solutions with comparable accuracy and unique advantages, including: immediate and continuous results that enable earlier treatment without causing invasive trauma in all patients and in every clinical situation; as well as other factors discussed in the "Risk Factors" section of our most recent reports filed with the Securities and Exchange Commission ("SEC"), which may be obtained for free at the SEC's website atwww.sec.gov. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. All forward-looking statements included in this press release are expressly qualified in their entirety by the foregoing cautionary statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today's date. We do not undertake any obligation to update, amend or clarify these statements or the "Risk Factors" contained in our most recent reports filed with the SEC, whether as a result of new information, future events or otherwise, except as may be required under the applicable securities laws.

Contacts

Masimo

Irene Paigah, 858-859-7001

irenep@masimo.com









Permalink: http://www.me-newswire.net/news/17996/en

Lenovo Announces Fourth Quarter and Full Year 2015/16 Results

Core PC Business Solid and Profit Stable, Even as Internal and External Challenges Hit Revenue

HONG KONG - Friday, May 27th 2016 [ME NewsWire]

    Full year revenue US$44.9 billion, down 3% YoY; Q4 US$9.1 billion, down 19% YoY
    Restructuring delivered US$690 million in 2nd half of the year, preserving profit
    Full year pre-tax loss US$277 million; Q4 pre-tax income of US$193 million, up 86% YoY
    Full year net loss of US$128 million; Q4 net income of US$180 million, up 80% YoY
    Full year basic loss per share of 1.16 US cents, or 9.00 HK cents

(BUSINESS WIRE)-- Lenovo Group (HKSE:0992) (PINK SHEETS:LNVGY) today announced results for its fourth fiscal quarter and full-year ended March 31, 2016. Lenovo strengthened its core PC business, enhanced its cost structure and protected its profit, despite facing internal and external challenges that impacted revenue, which was US$9.1 billion, down 19 percent year-over-year, while annual revenue was US$44.9 billion, down 3 percent year-over-year. At the same time, the largest restructuring program in Lenovo’s history delivered a better cost structure with US$690 million of savings in the 2nd half of the year, sending 4th quarter PTI up 86 percent year-over-year to US$193 million. Annual loss before tax was US$277 million. Fourth quarter net income was up 80 percent year-over-year to US$180 million, while full year net loss was US$128 million, even after US$330 million in non-cash M&A related accounting charges.

“Last quarter, despite challenging economic and industry conditions that hurt our top line, the decisive actions we took mid-year allowed us to protect our profitability. We kept our core PC business strong, continuously improved profitability in enterprise and saw positive momentum in some key smartphone markets,” said Yang Yuanqing, Lenovo Chairman and CEO. “Facing the operational issues in the businesses, we have already taken a number of proactive actions, including making key decisions in organization, leadership, products and channels to get back to growth in mobile, and adopting a new multi-business operating system to unleash the productivity and creativity of each business. At the same time, we will integrate our traditional strength in end-user devices with our new capabilities in cloud and infrastructure to attack the balanced Device + Cloud opportunities.”

Even while facing internal and external challenges, and working through major restructuring and reorganization programs, Lenovo still delivered these operational and financial achievements:

    Strengthened position as global PC leader with strong profits and record market share, up 1.3 pts to 21 percent.*
    Record market share in tablets, outgrowing the market, ranking #3 with nearly 11 million units shipped in the year
    Enterprise saw 73 percent year-over-year annual revenue growth, a 6th straight quarter of operational profit, and strong China and Emerging Market performance
    A truly global mobile business with FY double digit growth in emerging markets – 96 percent in Asia Pacific, 83 percent in EMEA and 46 percent in Latin America – with operational break even in the third quarter, hitting the goal to do so within 4-6 quarters of the Motorola investment
    Record performance by Ecosystem and Cloud Services Group with Monthly Average Users tripling to more than 200 million and annual revenue reaching more than $200 million
    Interbrand named Lenovo one of the world’s Top 100 brands
    Real innovation in great products – that powered the businesses, winning 66 awards at the Consumer Electronics Show and 23 awards at Mobile World Congress

Gross profit for the full year was US$6.6 billion, a decrease of 1 percent year-over-year. Fourth quarter gross profit was US$1.5 billion, down 15 percent. Gross margin was 14.8 percent and 16.6 percent for the year and quarter, respectively. Operating loss for the full fiscal year was US$62 million and profit of US$248 million for the quarter, up 95 percent over the fourth quarter of last year. Basic earnings per share in the fourth fiscal quarter was 1.63 US cents, or 12.67 HK cents; basic loss per share was 1.16 US cents, or 9.00 HK cents for the full fiscal year. Lenovo’s Board of Directors declared a final dividend of 2.64 US cents, or 20.5 HK cents per share, for the fiscal year ended March 31, 2016.

Business Group Overview

In the PC Group or PCG, which includes PCs and Windows tablets, Lenovo’s quarterly sales were US$6.2 billion, with pre-tax income of US$312 million, down 20 percent year-over-year. Lenovo will attack new growth areas – such as gaming and detachables – in the expanded PC market and continue to take advantage of consolidation to strengthen revenue performance. Pre-tax income margin was maintained at five percent in the quarter. Lenovo shipped 12.1 million PCs in the quarter for a total market share of 20.2 percent in the quarter and 21 percent for the full year. In Q4, Lenovo tied with Apple for #1 in the expanded PC market, which includes traditional PCs, detachables and slate tablets. Lenovo saw particularly strong performances in North America where it had 19 percent growth and remained #3.

In the Mobile Business Group or MBG, which includes products from the Motorola investment, Lenovo-branded mobile phone business, Android tablets and smart TVs, Lenovo quarterly sales were US$1.7 billion. Lenovo had 10.9 million smartphone shipments in Q4 and 66.1 million in the full year. For the full year, markets outside China saw robust 63 percent growth hitting 51 million smartphone devices shipped. In tablets, Lenovo outpaced the market and continued to grow with nearly 11 million units shipped, and 5.4 percent market share. Motorola contributed nearly 5 million units in the quarter to Lenovo’s total, while adding US$1.0 billion to Lenovo’s MBG revenues.

These results show integration efforts did not meet expectations. In particular, China shipments declined 85% as the business shifted focus to open market and higher price bands and product transition in North America was not successful. Lenovo has learned a great deal since the close of the Motorola acquisition and is applying learnings quickly, with actions in organization, leadership and approach. The two new co-presidents focused on China and the rest of the world (RoW) now have the right focus. China is still the most competitive market and Lenovo intends to return to growth there by continuing to drive the shift from carriers to open market and leveraging its ZUK brand to rebuild its end-to-end competitiveness. In RoW, Lenovo will maintain high growth in emerging markets and get the US business back on track with a competitive product portfolio.

In the Enterprise Business Group or EBG, which includes servers, storage, software and services sold under both the Lenovo ThinkServer brand and the System x business unit, sales were US$4.6 billion, up 73 percent driven by hyperscale wins in China in the full year, while quarterly revenue fell 8 percent to US$1 billion, primarily as a result of a sales force model that was not fully aligned to maximize opportunities for the company. For the sixth full quarter since the System x acquisition, EBG delivered positive operational pre-tax income with 1.7 percent operational margin, although its reported PTI – which included non-cash, M&A-related accounting charges – was negative US$16 million.

Going forward, EBG has been renamed as the Data Center Group. It will attack top line growth in mature markets with a better aligned sales model, end to end business structure and dedicated leadership focus. It will fully leverage its new partnership approach with best-in-class next gen technology partners like SAP, Nutanix, Juniper and Red Hat to capture high growth segments of the full US$87 billion data center market.

Geographic Overview

Lenovo’s China geography totaled US$2.3 billion in revenue in the fourth fiscal quarter, accounting for 26 percent of the Company’s worldwide revenue, while operating margin grew by 0.1 points year-over-year to 4.5 percent. During the fourth quarter, Lenovo protected its PC margin and market leadership with 32 percent share, despite overall PC market slowdown by 8.5 percent. China’s mobile space remained hypercompetitive and Lenovo’s mobile business there declined 85 percent in the quarter because the shift from a carrier-focused to open market focused business model – where higher average sales prices prevail – was too slow. Enterprise was strong with 8 percent year-over-year revenue growth in the fourth quarter.

In the Asia Pacific geography, Lenovo’s revenue totaled US$1.6 billion for the fourth quarter, or 17 percent of the Company’s worldwide revenue, with operating margin of 0.8 percent, down 3.8 points year-over-year. Lenovo maintained a #1 position in PCs across Asia Pacific with 15.6 percent market share in Q4; and became #1 in PCs in AP for the full year with 17.5% market share. Asia Pacific had strong Q4 smartphone shipment growth, up 44 percent year-over-year driven by ASEAN. In the Enterprise business, build a good pipeline as it transitions to a new more flexible structure.

Lenovo’s revenue in the Europe/Middle East/Africa (EMEA) geography during the fourth fiscal quarter were constrained by the falling PC market. Revenue was US$2.5 billion, while margin was 0.2 percent. EMEA accounted for 27 percent of Lenovo’s worldwide revenue. During the quarter, Lenovo maintained its #2 position with 20.7 percent PC market share. Lenovo achieved the number 1 position in PCs across 15 EMEA countries. Smartphone shipments were up 29 percent driven by Eastern Europe, the Middle East and Africa, while the Enterprise business was impacted by sales force structure issues that were addressed in the creation of the new Data Center Group on April 1.

The Americas geography revenue was US$2.7 billion for the fourth fiscal quarter, comprising 30 percent of the Company’s worldwide revenue. Margins improved with Brazil performance stabilization having a significant impact over all. The Americas geography saw record PC market share of 14.8 percent for the quarter, driven by strong shipments in North America and Latin America. Lenovo solidified its third position in the critical US market during the fourth fiscal quarter. In Mobile the Americas suffered because the planned launch of the Moto G was delayed until Q1, while the Enterprise business was impacted similar to EMEA, by the sales force structure issues that were addressed in the creation of the new Data Center Group on April 1.

* all market share data from IDC, 1Q 2016 data set

About Lenovo

Lenovo (HKSE:0992) (PINK SHEETS:LNVGY) is a US$45 billion global Fortune 500 company and a leader in providing innovative consumer, commercial, and enterprise technology. Our portfolio of high-quality, secure products and services covers PCs (including the legendary Think and multimode YOGA brands), workstations, servers, storage, smart TVs and a family of mobile products like smartphones (including Motorola), tablets and apps. Join us on LinkedIn, follow us on Facebook or Twitter (@Lenovo) or visit us atwww.lenovo.com.

LENOVO GROUP
FINANCIAL SUMMARY
For the fiscal quarter and full year ended March 31, 2016
(in US$ millions, except per share data)
                             
                   

 
Q4 15/16

Q4 14/15

Y/Y CHG
 
FY15/16

Y/Y CHG
Revenue
 
9,133


11,334


-19%

 
44,912


-3%

Gross profit
 
1,518


1,779


-15%

 
6,624


-1%

Gross profit margin
 
16.6%


15.7%


0.9
pts
 
14.8%


0.4
pts
Operating expenses
 
(1,270)


(1,652)


-23%

 
(6,686)


20%

Expenses-to-revenue ratio
 
13.9%


14.6%


-0.7
pts
 
14.9%


2.9
pts
Operating profit/(loss)
 
248


127


95%

 
(62)


N/A

Other non-operating expenses
 
(55)


(23)


133%

 
(215)


56%

Pre-tax income/(loss)
 
193


104


86%

 
(277)


N/A

Taxation
 
(17)


(7)


156%

 
132


N/A

Profit/(loss) for the period/year
 
176


97


81%

 
(145)


N/A

Non-controlling interests
 
4


3


40%

 
17


N/A

Profit/(loss) attributable to equity holders
 
180


100


80%

 
(128)


N/A

Earnings/(loss) per share (US cents)
                             
Basic
 
1.63
   
0.91
   
0.72
   
(1.16)

 
N/A
 
Diluted
 
1.62


0.90


0.72

 
(1.16)


N/A

Dividend per share (HK cents)
 







 
26.5


-



Contacts

Lenovo Group

Hong Kong:

Angela Lee, +852 2516 4810

angelalee@lenovo.com



or

United States:

Brion Tingler, +1 917-528-1992

btingler@lenovo.com







Permalink: http://me-newswire.net/news/18011/en

SES Launches 24/7 Satellite Ultra HD Test Channel with High Dynamic Range Content

At the ninth SES Industry Days, SES and industry partners will demonstrate a number of technologies to broadcast Ultra HD with High Dynamic Range

LUXEMBOURG - Thursday, May 26th 2016 [ME NewsWire]

(BUSINESS WIRE)-- SES S.A. (Paris:SESG) (LuxX:SESG) announced today at its annual Industry Days event the launch of a 24/7 Ultra HD test channel for transmitting High Dynamic Range (HDR) content.

For the ninth edition of this event, SES, together with industry partners, will present and demonstrate several technologies for enhancing the quality of Ultra HD television with High Dynamic Range. This feature will be key for next generation Ultra HD picture quality, as HDR provides much higher contrast and offers a more realistic viewing experience.

Delegates of the event will be able to witness HDR implementations such as HDR 10, Dolby Vision, Hybrid Log Gamma and the Technicolor/Philips solution on state-of-the-art flat screens of major manufacturers.

As the broadcasting industry is in discussions to establish a standard for HDR transmission, the goal of SES’s HDR demo channel is to allow industry partners to test the various technology candidates. At the moment the channel carries Ultra HD content provided by LG Electronics, with a backwards compatible HDR technology called Hybrid Log Gamma (HLG). HLG HDR content will be demoed on LG’s E6 4K OLED TV.

Thomas Wrede, VP Reception Systems at SES commented, “High Dynamic Range will be a major improvement for satellite delivered Ultra HD television. As industry and operators now face the challenge of standardising and implementing a plethora of technology candidates, we intend to support the process with our test channel. At the same time, we have started to implement relevant HDR technology at our Munich playout facility.”

Follow us on:

Twitter: https://twitter.com/SES_Satellites

Facebook: https://www.facebook.com/SES.YourSatelliteCompany

YouTube: http://www.youtube.com/SESVideoChannel

Blog: http://www.ses.com/blog

SES Pictures are available under http://www.ses.com/21472913/Our_Pictures

SES White papers are available under http://www.ses.com/18681915/white-papers

About SES

SES (Paris:SESG) (LuxX:SESG) is a world-leading satellite operator with a fleet of more than 50 geostationary satellites. The company provides satellite communications services to broadcasters, content and internet service providers, mobile and fixed network operators and business and governmental organisations worldwide.

SES stands for long-lasting business relationships, high-quality service and excellence in the satellite industry. The culturally diverse regional teams of SES are located around the globe and work closely with customers to meet their specific satellite bandwidth and service requirements.

SES holds a participation in O3b Networks, a next generation satellite network combining the reach of satellite with the speed of fibre.

Further information available at: www.ses.com.

Contacts

SES

Markus Payer

Corporate Communications

Tel. +352 710 725 500

Markus.Payer@ses.com









Permalink: http://www.me-newswire.net/news/18008/en