Sysmex : Presentation( PDF format / 848KB )

Business Results

First Three Months of the

Fiscal Year Ending March 31, 2023

August 4, 2022

Sysmex Corporation

Index

1. Business Results First Three Months of Fiscal Year Ending March 31, 2023
2. Initiatives Aiming for Future Growth
3. Earnings Forecast for the
   Fiscal Year Ending March 31, 2023

(Appendix)

・Results by Destination

・Impact of Change in Accounting Policy

Change in Accounting Policy

In the past, configuration or customization costs under cloud computing contracts were recorded as "other non-current assets." However, based on the discussions leading to the IFRS Interpretations Committee's agenda decision issued in April 2021, from the fiscal year ended March 31, 2022 the

Company has 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 by retroactively adjusted the figures for the first three months of the fiscal year ended March 31, 2022. (Please refer to the appendix for a comparison of figures before and after the adjustment.)

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

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.

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

Financial Highlights

	First three months	First three months	YoY		FX impact
(Billions of yen)	of fiscal year ending	of fiscal year ended
March 31, 2023	March 31, 2022	(previous
					period =	Impact	YoY (excluding
	Results	Ratio	Results	Ratio	100%)	FX impact)

Net sales

86.0

100%

79.3 100%

108.4%

+7.6

98.8％

65.9

(Billions of yen)

86.0

79.3

68.5

60.5 14.7

Cost of sales	43.0	50.1%	37.4	47.2%	114.9%	-	-
SG&A expenses	25.1	29.2%	21.7	27.4%	115.6%	-	-
R&D expenses	6.9	8.0%	5.4	6.9%	125.9%	-	-
Other income	0.1	0.2%	0.1	0.2%	-	-	-
(expenses)
Operating profit	11.0	12.8%	14.7	18.6%	74.7%	+1.9	61.8％
Profit attributable to	8.0	9.3%	9.8	12.4%	81.8%	-	-
owners of the parent

• Sales up, profit down year on year
• • Net sales: Although sales were down in China owing to the negative impact of lower testing demand due to lockdowns, net sales were up as a result of higher sales in all other regions and the impact of yen depreciation.
  • Operating profit: The increases in SG&A and R&D expenses were in line with planned levels. Nevertheless, profit declined due to deterioration in the cost of sales ratio (because of falling output and significantly higher raw material prices), as well as sharply higher shipping and personnel costs.
  • Profit attributable to owners of the parent: Profit was down due to the decline in operating profit, despite the impact
    of exchange rate gains.

13.8

					11.2				11.0
9.4		6.9		9.8
									8.0
					6.6
						4.4
2019	2020	2021		2022 * 2023 *
				(First three months of years to March 31) *Change in
										accounting policy
				Net sales
				Operating profit
				Profit attributable to owners of the parent
					First three months	First three months
					of fiscal year ending of fiscal year ended
					March 31, 2023	March 31, 2022
1USD	¥129.6		¥109.5
1EUR	¥138.1		¥132.0
1CNY		¥19.6		¥17.0		5