Sysmex : Presentation(

Business Results

First Six Months of the

Fiscal Year Ending March 31, 2023

Sysmex Corporation

November 9, 2022

Index

1. Business Results, First Six Months
   of the Fiscal Year Ending March 31, 2023
2. Financial Forecast for the
   Fiscal Year Ending March 31, 2023

Appendix

・The Sysmex Group adopted International Financial Reporting Standards (IFRS) in the fiscal year ended March 31, 2017. Figures are disclosed in compliance with IFRS.

・In the fiscal year ended March 31, 2022, the Sysmex Group changed its method of recognizing the costs of configuration or customization services in cloud computing contracts as an expense when these services are received. Accordingly, we have retroactively adjusted the figures for the fiscal year ended March 31, 2022.

・This material contains forward-looking statements about the Sysmex Group. These forward-looking statements are based on the current judgments and assumptions of the Sysmex Group in light of the information currently available to it. Uncertainties inherent in such judgments and assumptions, the future course of our business operations and changes in operating environments both in Japan and overseas may cause our actual results, performance, achievements, or financial position to be materially different from any future results, performance, achievements or financial position either expressed or implied within these forward-looking statements.

2

Executive Summary

First-Half Results

• Record highs in net sales and profit attributable to owners of the parent, operating profit flat

(YoY: Net sales up 15.0%, operating profit down 0.3%, profit attributable to owners of the parent up 9.4%)

‐While the first quarter was largely affected by the lockdowns in China, sales and profit rose in the second quarter (July- September) due to the easing of the lockdowns in China and growth in other regions, as well as the yen depreciation.

‐Performance bottomed out in the first quarter and is trending toward a rebound.

Full-Year Forecast

• For the full year, revised upward our full-year net sales forecast by ¥10.0 billion, and raised forecasts for operating profit and profit attributable to owners of the parent by ¥1.0 billion

‐We revised our exchange rate assumptions for the second half, taking into consideration actual rates in the first half and the trend toward yen depreciation.

• We expect cost of sales to improve in the second half, compared with our initial forecast, and we reviewed our SG&A expenses.

‐Revised net sales by 9 billion yen and operating profit by 5.8 billion yen upward in the second half

3

1.	Business Results, First Six Months
	of the Fiscal Year Ending March 31, 2023

4

Financial Highlights (Year on Year)

	First six months of	First six months of	YoY	FX impact				(Billions of yen)
	fiscal year ending	fiscal year ended
(Billions of yen)	March 31, 2023	March 31, 2022	(Previous						194.0
period =		YoY (excluding
					Impact
	Results	Ratio	Results	Ratio	100%)	FX impact)
						168.7
Net sales	194.0	100%	168.7	100%	115.0%	+20.5	102.8％		142.9
Cost of sales	95.4	49.2%	78.9	46.8%	121.0%	-	-	136.1	132.0
SG&A expenses	52.9	27.3%	44.5	26.4%	119.0%	-	-			33.2	33.1
R&D expenses	14.5	7.5%	11.6	6.9%	125.1%	-	-	28.5 27.8
Other income	2.1	1.1%	(0.4)	(0.3)%	-	-	-
(expenses)					20.0
Operating profit	33.1	17.1%	33.2	19.7%	99.7%	+5.9	81.7％			21.9	23.9
19.4
Profit attributable to	23.9	12.4%	21.9	13.0%	109.4%	-	-	17.5
owners of the parent					12.6

• Achieved record-high net sales and profit attributable to owners of the parent
• • Net sales: Sales rose in every region except China. Although China continues to be affected by lockdowns, net sales rose by double digits, due in part to the impact of yen depreciation.
  • Operating profit: Flat despite higher sales, due to deterioration in the cost of sales ratio,

  partly owing to sharply higher raw materials prices.

  • Profit attributable to owners of the parent: Up, partly due to the positive effect of foreign exchange gains

													*	*
2019	2020	2021			2022		2023 *Change in
							(First six months of years to March 31)		accounting method
					Net sales
					Operating profit
					Profit attributable to owners of the parent
							First six months of First six months of
							fiscal year ending fiscal year ended
							March 31, 2023	March 31, 2022
1USD			¥134.0			¥109.8
1EUR			¥138.7			¥130.9
1CNY			¥19.9				¥17.0				5