Terumo : IFRS Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2024

August 9, 2023

Consolidated Financial Results

for the First Quarter Ended June 30, 2023

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 10, 2023
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, 2023 (from April 1, 2023 to June 30, 2023)

(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, 2023	215,252		9.1	29,644	(2.6)	29,804		0.5	22,549	0.7	22,549	0.7	107,172		(9.0)
	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
			Basic earnings			Diluted earnings
			per share				per share
	Three months					Yen					Yen
	ended
	June 30, 2023					30.28				30.27
	June 30, 2022					29.61				29.60
									June 2022: 35,893million yen
	(Note) Adjusted	operating profit	June	2023: 34,478million yen
(2) Consolidated financial position
			Total assets		Total equity					Equity attributable to		Ratio of 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, 2023				1,670,798			1,202,660			1,202,660			72.0
	March 31, 2023				1,602,225			1,111,063			1,111,063			69.3

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	－	19.00		－		21.00	40.00
March 31, 2023
Fiscal year ending	－
March 31, 2024
Fiscal year ending
March 31, 2024		22.00		－		22.00	44.00
(Forecast)

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

3. Consolidated Forecast for the Fiscal Year Ending March, 2024 (From April 1, 2023 to March 31, 2024) (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, 2024	854,000		4.1	151,000	9.4	132,500	12.9	101,000		13.1	135.98

(Note 1) Revision of forecast for the fiscal year ending March, 2024: None

(Note 2) The Company has resolved at the meeting of the Board of Directors held on August 9, 2023 to acquire its treasury shares. Basic earnings per share is calculated by taking into consideration effects of the acquisition of its treasury shares.

(Note 3) Assumed exchange rate for fiscal year ending March, 2024: USD1=JPY130, EUR1=JPY145

*Notes

(1) Changes in significant subsidiaries during the current quarterly consolidated cumulative period (changes in specified subsidiaries resulting in the change in 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: Yes
2. Changes in accounting policies other than (i): None
3. Changes in accounting estimates: None
4. • Please refer to [Attachment], page 11, "2. Condensed Consolidated Financial Statements (4) Notes Pertaining to Condensed Consolidated Financial Statements (ii) Changes in accounting policy".

1. Number of shares outstanding (common stock)

1. Number of shares outstanding at the end of the period (including treasury shares)
2. Treasury shares at the end of the period
3. Average number of shares during the period (cumulative quarterly)

As of June 30, 2023	747,682,540 shares	As of March 31, 2023	747,682,540 shares
As of June 30, 2023	3,038,393 shares	As of March 31, 2023	3,074,907 shares
Three months ended	744,640,835 shares	Three months ended	756,348,644 shares
June 30, 2023	June 30, 2022

• Quarterly financial statements are not subject to quarterly reviews by certified public 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 the Company that it will achieve these goals. In addition, actual results may differ significantly due to various 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, 2024 (3) Forecasts, including the Consolidated Financial Results for the Fiscal Year Ending March 31, 2024".
  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, 2024
 Table of contents of attached materials
1. Overview of Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2024	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, 2024	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) Changes in Accounting Policy	11
(iii) Segment Information	11
(iv) Subsequent Events	14

－ 1 －

[Terumo Corporation] Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2024

1. Overview of Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2024

(1) Overview of Consolidated Business Results

In the first quarter of the current fiscal year (from April 1 to June 30, 2023), the Group's sales trended strongly amid growing demand for products globally and the effects of foreign exchange rates. Operating profit slightly decreased, while gross profit increased because of the revenue increase. We expanded operating expense investments for growing markets.

Financial results for the first quarter are as follows:

			(Unit: Millions of yen)
	For the three	For the three		Growth
	months ended	months ended	Growth (%)	excluding
	June 30, 2022	June 30, 2023		FX impact (%)
Revenue	197,340	215,252	9.1	5.0
Gross profit	101,637	109,799	8.0	5.4
Adjusted operating profit	35,893	34,478	(3.9)	(3.7)
Operating profit	30,427	29,644	(2.6)	(1.4)
Profit before tax	29,667	29,804	0.5	－
Profit for the period	22,398	22,549	0.7	－
Profit for the period
attributable to owners of the	22,398	22,549	0.7	－
parent

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

			(Unit: Millions of yen)
	For the three	For the three		Growth
Geographic areas	months ended	months ended	Growth (%)	excluding
	June 30, 2022	June 30, 2023		FX impact (%)
Japan	49,869	47,454	(4.8)	(4.8)
Europe	38,574	44,368	15.0	6.7
Americas	66,244	74,045	11.8	6.0
China	19,369	19,955	3.0	3.0
Asia and others	23,282	29,428	26.4	21.8
Overseas total	147,470	167,798	13.8	8.3
Total	197,340	215,252	9.1	5.0

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