TERUMO CORPORATION, The Current Fiscal Year Net Income Revised Upward by 2%, Adds to Record High Profit Forecast

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Thu Nov 7, 2024 3:30 pm JST Earnings

4543 TERUMO CORPORATION 【IFRS】

Earnings Report

TERUMO CORPORATION <4543> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 7th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 26.2% from the same period last year, reaching 63.2 billion yen.

In addition, the full-year consolidated net income has been revised upward by 2.0%, from the previous forecast of 122 billion yen to 124 billion yen (compared to 106 billion yen in the previous period), increasing the growth rate from 14.7% to 17.0%, further surpassing the previous forecast of record-high profits for two consecutive terms.

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 8.9% from the same period last year, reaching 61.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income grew by 6.4% from the same period last year, reaching 29.3 billion yen. The operating profit margin rose from 16.1% in the same period last year to 17.2%.

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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	403,316	55,977	54,624	40,321	26.7	47.0	Nov 10, 2022	IFRS
Apr - Sep, 2023	443,874	66,492	66,428	50,092	33.6	47.2	Nov 14, 2023	IFRS
Apr - Sep, 2024	508,685	87,716	85,140	63,204	42.6	ー	Nov 7, 2024	IFRS
YoY	+14.6%	+31.9%	+28.2%	+26.2%	+26.5%

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	ー	ー	ー	ー	－	13	May 14, 2024	IFRS
Apr - Sep, 2024 Results	508,685	87,716	85,140	63,204	42.6	13	Nov 7, 2024	IFRS
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	980,000	165,000	ー	122,000	82.7	26	May 14, 2024	IFRS
Mar, 2025 New	1,010,000	172,000	ー	124,500	84.4	26	Nov 7, 2024	IFRS
Revision Rate	+3.1%	+4.2%	－	+2.0%	+2.0%

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	477,989	73,604	74,401	56,282	37.8	11	May 14, 2024	IFRS
Oct - Mar, 2024 Guidance	501,315	84,284	ー	61,296	41.6	13	Nov 7, 2024	IFRS
YoY	+4.9%	+14.5%	－	+8.9%	+9.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	820,209	117,332	116,137	89,325	59.5	20	May 15, 2023	IFRS
Mar, 2024	921,863	140,096	140,829	106,374	71.5	22	May 14, 2024	IFRS
Mar, 2025 Guidance	1,010,000	172,000	ー	124,500	84.4	26	Nov 7, 2024	IFRS
YoY	+9.6%	+22.8%	－	+17.0%	+18.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	228,622	36,848	36,624	27,543	18.5	16.1	Nov 14, 2023	IFRS
Oct - Dec, 2023	239,077	39,027	39,315	29,805	20.0	16.3	Feb 7, 2024	IFRS
Jan - Mar, 2024	238,912	34,577	35,086	26,477	17.8	14.5	May 14, 2024	IFRS
Apr - Jun, 2024	258,194	44,640	45,635	33,891	22.8	17.3	Aug 8, 2024	IFRS
Jul - Sep, 2024	250,491	43,076	39,505	29,313	19.7	17.2	Nov 7, 2024	IFRS
YoY	+9.6%	+16.9%	+7.9%	+6.4%	+6.7%