Sysmex : Announcement Regarding Differences between Actual and Forecast Figures for the Six Months Ended September 30, 2018, and Revision of Full-Year Financial Forecasts(PDF：62KB)

November 7, 2018 Sysmex Corporation

Announcement Regarding Differences between Actual and Forecast

Figures for the Six Months Ended September 30, 2018, and

Revision of Full-Year Financial Forecasts

Sysmex Corporation announces that actual financial results during the six months ended September 30, 2018, differed in some respects from the forecast announced on May 9, 2018. In addition, Sysmex has revised its financial forecast for the full fiscal year ending March 31, 2019. These differences are described below.

1. Differences between Actual and Forecast of Consolidated Financial Results for the Six Months

Ended September 30, 2018 (April 1, 2018 to September 30, 2018)

(Millions of yen, unless otherwise stated)

Net sales	Operating profit	Profit before tax	Profit attributable to owners of the parent	Basic earnings per share (yen)
Previous forecast (A)	142,000	29,500	28,500	20,000	95.91
Actual results (B)	136,194	28,503	26,411	19,473	93.36
Difference (B-A)	(5,805)	(996)	(2,088)	(526)	－
Rate of change (%)	(4.1)	(3.4)	(7.3)	(2.6)	－
(Reference) Results for the six months ended September 30, 2017	131,107	28,006	27,548	19,193	92.18

2. Revised Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2019

(April 1, 2018 to March 31, 2019)

(Millions of yen, unless otherwise stated)

Net sales	Operating profit	Profit before tax	Profit attributable to owners of the parent	Basic earnings per share (yen)
Previous forecast (A)	310,000	62,000	60,000	42,500	203.82
Revised forecast (B)	300,000	59,000	56,000	39,500	189.36
Difference (B-A)	(10,000)	(3,000)	(4,000)	(3,000)	-
Rate of change (%)	(3.2)	(4.8)	(6.7)	(7.1)	-
(Reference) Results for fiscal year ended March 31, 2018	281,935	59,078	58,117	39,222	188.29

3. Reasons for the Differences and Revision

On the consolidated sales front, in the first six months of the fiscal year ending March 31, 2019, sales in the Japan and EMEA regions were lower than previously forecast. As for profit, we worked to curtail selling, general and administrative expenses, but these reductions were unable to overcome the impact on profits of lower-than-expected sales. In addition, we recorded an exchange loss. As a result, operating profit, profit before tax and profit attributable to owners of the parent were lower than previously forecast.

Consequently, we have revised downward our forecast for the full fiscal year ending March 31, 2019, as we now expect sales, operating profit, profit before tax and profit attributable to owners of the parent to be below our previously forecast figures.

The foreign exchange assumptions used for calculating financial forecasts from the third quarter onward remain unchanged from our initial assumptions, at US$1.00 = ¥110 and €1 = ¥130.

Note: The forecasts above were made based on information available on the day of this release. Actual results may therefore differ materially from those described above due to various unforeseen factors and possible events in the future.