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.
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Sysmex Corporation published this content on 07 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 November 2018 09:02:02 UTC