Terumo : 1st Quarter Financial Results for FYE 3/2023 (PDF 384.33 KB)

August 9, 2022

Consolidated Financial Results

for the First Quarter Ended June 30, 2022

Terumo Corporation〔IFRS〕

Company name:	TERUMO CORPORATION
Listing:	Tokyo Stock Exchange
Securities code:	4543
URL:	https://www.terumo.com/
Representative:	Shinjiro Sato, President and CEO
Inquiries:	Kenichi Hata, General Manager, Investor Relations Dept.
Telephone:	[phone]
Scheduled date to file quarterly securities report:	August 12, 2022
Scheduled date to commence dividend payments:	－

Preparation of supplementary material on quarterly financial results: Yes

Holding of quarterly financial results briefing:Yes (for Securities analysts, Institutional investors)

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the three months ended June 30, 2022 (from April 1, 2022 to June 30, 2022)

(1) Consolidated operating results (cumulative)						(Percentages indicate year-on-year changes.)
			Revenue		Operating profit	Profit before tax		Profit for the	Profit attributable	Total
					comprehensive
					period	to owners of the
																		parent	income
	Three months	Millions of		%	Millions of	%	Millions of		%	Millions of	%	Millions of	%	Millions of		%
	ended		yen				yen		yen					yen			yen		yen
	June 30, 2022	197,340		14.9	30,427	(16.0)	29,667		(17.6)	22,398	(19.7)	22,398	(19.7)	117,743		311.8
	June 30, 2021	171,716		30.8	36,233	100.5	36,020		101.4	27,895	99.7	27,895	99.2	28,592		186.0
			Basic earnings			Diluted earnings
			per share				per share
	Three months					Yen					Yen
	ended
	June 30, 2022					29.61				29.60
	June 30, 2021					36.90				36.87
							June 2021: 40,203 million yen
	(Note) Adjusted	operating profit June 2022: 35,893 million yen
(2) Consolidated financial position
															Equity attributable to		Ratio of equity
			Total assets		Total equity					attributable to owners of
								owners of the parent
															the parent to total assets
	As of				Millions of yen			Millions of yen			Millions of yen			%
	June 30, 2022				1,583,371			1,116,514			1,116,514			70.5
	March 31, 2022				1,473,693			1,012,313			1,012,313			68.7

2. Cash dividends

		Annual dividends per share
	First quarter-end	Second quarter-end		Third quarter-end		Fiscal year-end	Total
	Yen	Yen		Yen		Yen	Yen
Fiscal year ended	－	16.00		－		18.00	34.00
March 31, 2022
Fiscal year ending	－
March 31, 2023
Fiscal year ending
March 31, 2023		18.00		－		18.00	36.00
(Forecast)

(Note)Revision from the dividend forecast, which is published in the most recent: None

3. Consolidated Forecast for the Fiscal Year Ending March, 2023 (From April 1, 2022 to March 31, 2023) (Percentages indicate year-on-year changes.)

				Adjusted operating			Profit for the year
	Revenue		Operating profit	attributable to owners	Earnings per share
		profit
							of the parent
Fiscal year ending	Millions of yen		%	Millions of yen	%	Millions of yen	%	Millions of yen		%	Yen
March, 2023	775,000		10.2	151,000	12.3	132,000	13.8	100,000		12.6	133.88

(Note)Revision of forecast for the fiscal year ending March, 2023: None

The Company resolved to repurchase its own shares at the board of directors meeting held on May 12, 2022. Basic earnings per share is calculated by taking into consideration effects of the situation of acquisition of them.

• Assumed exchange rate for fiscal year ending March, 2023: USD1=JPY126, EUR1=JPY136

*Notes

(1) Changes in significant subsidiaries during the current quarterly consolidated cumulative period (changes in specified subsidiaries resulting in changes in the scope of consolidation): None

New － Company (Company Name) －, Excluded － Company (Company Name) －

1. Changes in accounting policies and changes in accounting estimates

1. Changes in accounting policies required by IFRS: None
2. Changes in accounting policies other than (i): None
3. Changes in accounting estimates: None

1. Number of shares outstanding (common stock)

(i) Number of outstanding shares at the end of	As of June 30, 2022	759,521,040 shares As of March 31, 2022	759,521,040 shares
the period (including treasury shares)
(ii) Treasury shares at the end of the period	As of June 30, 2022	3,152,549 shares As of March 31, 2022	3,194,976 shares
(iii) Average number of shares during the	Three months ended	756,348,644 shares Three months ended	756,029,574 shares
period (cumulative quarterly)	June 30, 2022	June 30, 2021

• Quarterly financial statements are not subject to quarterly reviews by certified accountants or audit firms.
• Explanation on appropriate use of financial results forecasts and other special notes
• 1. Forward-lookingstatements, including earnings forecasts, contained in these disclosure materials are based on currently available information and assumptions believed to be reasonable by management. This is not a promise or guarantee by Terumo that it will achieve these goals. In addition, actual results may differ significantly due to several factors. For the assumptions that are the premise of the earnings forecast and the precautions for using the earnings forecast, refer to [Attachment], page 5, "1. Overview of Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2023 (3) Forecasts, including the Consolidated Financial Results for the Fiscal Year Ending March 31, 2023".
  2. Adjusted operating profit factors out amortization expense for intangible assets obtained during acquisitions and one-off income and expenses from operating profit. In addition, adjusted operating profit is consistent with segment profit. We are disclosing adjusted operating profit as we are using it as a performance indicator.

[Terumo Corporation] Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2023
 Table of contents of attached materials
1. Overview of Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2023...........................	2
(1)	Overview of Consolidated Business Results......................................................................................................	2
(2)	Overview of Consolidated Statement of Financial Position ..............................................................................	5
(3)	Forecasts, including the Consolidated Financial Results for the Fiscal Year Ending March 31, 2023 ..............	5
2. Condensed Consolidated Financial Statements......................................................................................................	6
(1)	Condensed Consolidated Statement of Financial Position.................................................................................	6
(2)	Condensed Consolidated Statement of Profit or Loss and Condensed Consolidated Statement of
	Comprehensive Income ...................................................................................................................................	8
(3)	Condensed Consolidated Statement of Changes in Equity ..............................................................................	10
(4)	Notes Pertaining to Condensed Consolidated Financial Statements................................................................	11
(i) Going Concern Assumption...........................................................................................................................	11
(ii)Segment Information .....................................................................................................................................	11
(iii)Impairment of Non-Financial Assets............................................................................................................	13

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[Terumo Corporation] Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2023

1. Overview of Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2023

(1) Overview of Consolidated Business Results

In the first quarter of the current fiscal year (from April 1 to June 30, 2022), the Group's sales trended strongly in general amid the recovery in medical demand which had declined in the previous fiscal year due to the COVID-19 pandemic. However, operating profit declined amid the different operating environment and situation compared to the previous first quarter, including the effects of rising manufacturing costs and resumption of sales promotion activities which had slowed during the pandemic.

Financial results for the first quarter are as follows:

			(Unit: Millions of yen)
	For the three	For the three		Growth
		excluding impact
	months ended	months ended	Growth (%)
	of FX
	June 30, 2021	June 30, 2022
		translations (%)
Revenue	171,716	197,340	14.9	5.0
Gross profit	94,259	101,637	7.8	1.8
Adjusted operating profit	40,203	35,893	(10.7)	(11.4)
Operating profit	36,233	30,427	(16.0)	(14.4)
Profit before tax	36,020	29,667	(17.6)	－
Profit for the period	27,895	22,398	(19.7)	－
Profit for the period
attributable to owners of the	27,895	22,398	(19.7)	－
parent

Revenue by geographic areas for the first quarter is as follows:

			(Unit: Millions of yen)
	For the three	For the three		Growth
		excluding impact
Geographic areas	months ended	months ended	Growth (%)
of FX
	June 30, 2021	June 30, 2022
		translations (%)
Japan	49,175	49,869	1.4	1.4
Europe	34,501	38,574	11.8	5.6
Americas	54,397	66,244	21.8	3.3
China	15,473	19,369	25.2	7.8
Asia and others	18,169	23,282	28.1	15.9
Overseas total	122,541	147,470	20.3	6.4
Total	171,716	197,340	14.9	5.0

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