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SYSMEX, Net Income Forecast for First Half Revised Downward to an Unexpected 23% Decrease
6869 SYSMEX CORPORATION 【IFRS】
Earnings ReportSYSMEX CORPORATION <6869> [TSE Prime] announced its financial results (based on IFRS) after the market closed on August 6th (15:30). The consolidated net income for the first quarter of the fiscal year ending March 2026 (April to June) significantly dropped 58.7% from the same period last year to 4.55 billion yen.
In addition, the April to September period (first half) consolidated net income has decreased 28.6%, from the previous forecast of 28.0 billion yen to 20.0 billion yen (compared to 26.0 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 23.1% decrease in profit.
Furthermore, the full-year forecast for consolidated net income forecast remains unchanged from the estimate of 57.0 billion yen(compared to 53.6 billion yen in the previous period).
In the most recent three-month period, from April to June (1Q), the operating profit margin significantly dropped from 15.0% in the same period last year to 10.1%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Jun, 2023 | 95,351 | 13,277 | 13,160 | 8,621 | 13.7 | 39.5 | Aug 8, 2023 | IFRS |
| Apr - Jun, 2024 | 111,946 | 16,743 | 16,979 | 11,031 | 17.7 | 44.4 | Aug 6, 2024 | IFRS |
| Apr - Jun, 2025 | 105,731 | 10,628 | 7,873 | 4,553 | 7.3 | 25.0 | Aug 6, 2025 | IFRS |
| YoY | -5.6% | -36.5% | -53.6% | -58.7% | -58.7% |
Guidance Update
First Half Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Prev | 252,500 | 44,500 | 42,000 | 28,000 | 44.9 | 19 | May 14, 2025 | IFRS |
| Apr - Sep, 2025 New | 240,000 | 36,000 | 31,500 | 20,000 | 32.1 | 19 | Aug 6, 2025 | IFRS |
| Revision Rate | -5.0% | -19.1% | -25.0% | -28.6% | -28.6% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2024 | 242,479 | 44,502 | 38,280 | 26,002 | 41.7 | 15 | Nov 6, 2024 | IFRS |
| Apr - Sep, 2025 Guidance | 240,000 | 36,000 | 31,500 | 20,000 | 32.1 | 19 | Aug 6, 2025 | IFRS |
| YoY | -1.0% | -19.1% | -17.7% | -23.1% | -23.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 461,510 | 78,382 | 74,600 | 49,639 | 79.3 | 28 | May 9, 2024 | IFRS |
| Mar, 2025 | 508,643 | 87,583 | 79,221 | 53,669 | 86.1 | 32 | May 14, 2025 | IFRS |
| Mar, 2026 Guidance | 535,000 | 91,500 | 85,500 | 57,000 | 91.5 | 38 | May 14, 2025 | IFRS |
| YoY | +5.2% | +4.5% | +7.9% | +6.2% | +6.3% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Oct - Dec, 2024 | 124,387 | 22,843 | 23,512 | 16,613 | 26.7 | 18.4 | Feb 12, 2025 | IFRS |
| Jan - Mar, 2025 | 141,777 | 20,238 | 17,429 | 11,054 | 17.7 | 14.3 | May 14, 2025 | IFRS |
| Apr - Jun, 2025 | 105,731 | 10,628 | 7,873 | 4,553 | 7.3 | 10.1 | Aug 6, 2025 | IFRS |
| YoY | -5.6% | -36.5% | -53.6% | -58.7% | -58.7% |
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