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SYSMEX CORPORATION, First Half Net Income Increases by 17%, July-September Net Income Increases by 10%

Wed Nov 6, 2024 3:30 pm JST Earnings

6869 SYSMEX CORPORATION 【IFRS】

Earnings Report

SYSMEX CORPORATION <6869> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 6th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 17.2% from the same period last year, reaching 26 billion yen. However, The progress rate against the 55 billion yen full-year plan was 47.3%, almost the same as the five-year average of 47.4%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow by 5.6% from the same period last year, reaching 28.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income grew by 10.4% from the same period last year, reaching 14.9 billion yen. The operating profit margin rose from 17.5% in the same period last year to 21.3%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 194,022 33,150 34,546 23,989 38.2 50.3 Nov 9, 2022 IFRS
Apr - Sep, 2023 212,698 33,824 33,300 22,186 35.3 44.6 Nov 8, 2023 IFRS
Apr - Sep, 2024 242,479 44,502 38,280 26,002 41.7 46.4 Nov 6, 2024 IFRS
YoY +14.0% +31.6% +15.0% +17.2% +18.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 237,000 37,000 34,900 23,000 36.9 15 May 9, 2024 IFRS
Apr - Sep, 2024 Results 242,479 44,502 38,280 26,002 41.7 15 Nov 6, 2024 IFRS
Revision Rate +2.3% +20.3% +9.7% +13.1% +13.0%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 510,000 87,000 82,500 55,000 88.2 30 May 9, 2024 IFRS
Mar, 2025 New 510,000 90,000 82,500 55,000 88.2 30 Nov 6, 2024 IFRS
Revision Rate 0.0% +3.4% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 248,812 44,558 41,300 27,453 43.8 14 May 9, 2024 IFRS
Oct - Mar, 2024 Guidance 267,521 45,498 44,220 28,998 46.5 15 Nov 6, 2024 IFRS
YoY +7.5% +2.1% +7.1% +5.6% +6.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 410,502 73,679 68,713 45,784 72.9 27.33 May 11, 2023 IFRS
Mar, 2024 461,510 78,382 74,600 49,639 79.3 28 May 9, 2024 IFRS
Mar, 2025 Guidance 510,000 90,000 82,500 55,000 88.2 30 Nov 6, 2024 IFRS
YoY +10.5% +14.8% +10.6% +10.8% +11.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 117,347 20,547 20,140 13,565 21.6 17.5 Nov 8, 2023 IFRS
Oct - Dec, 2023 113,827 20,388 17,802 12,278 19.6 17.9 Feb 9, 2024 IFRS
Jan - Mar, 2024 134,985 24,170 23,498 15,175 24.2 17.9 May 9, 2024 IFRS
Apr - Jun, 2024 111,946 16,743 16,979 11,031 17.7 15.0 Aug 6, 2024 IFRS
Jul - Sep, 2024 130,533 27,759 21,301 14,971 24.0 21.3 Nov 6, 2024 IFRS
YoY +11.2% +35.1% +5.8% +10.4% +11.1%

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