Terumo (4543) investor relations material

Executive summary

• Achieved record-high quarterly revenue of JPY 311.8 billion, up 19.9% year-on-year, driven by strong global demand, favorable FX, and robust sales in the Americas.

• Profitability surged due to robust business performance, a U.S. tariff refund of JPY 13 billion, and JPY 20 billion in one-time settlement proceeds.

• Operating profit and adjusted operating profit reached new highs, supported by one-time income and settlement proceeds.

• Full-year profit guidance revised upward to reflect these one-time gains, while revenue outlook remains unchanged.

• Comprehensive income soared to JPY 99.6 billion, mainly due to FX translation gains.

Financial highlights

• Revenue increased 19.9% year-on-year to JPY 311.8 billion, with 9% growth on a local currency basis.

• Operating profit rose 60% year-on-year to JPY 89.5 billion; adjusted operating profit up 34.7% to JPY 79.6 billion.

• Gross margin improved to 57.3% from 56.0% year-on-year, benefiting from pricing measures and FX effects.

• Profit for the period surged 68% year-on-year to JPY 70.4 billion.

• Free cash flow rose 331% year-on-year to JPY 46.2 billion.

Outlook and guidance

• Full-year revenue outlook maintained at JPY 1.239 trillion (+9.5% YoY).

• Adjusted operating profit guidance raised to JPY 274.5 billion (22.2% margin); OP margin expected at 20.8%.

• Profit attributable to owners forecast at JPY 193.1 billion (+42.1% YoY); EPS guidance at JPY 130.91.

• Record highs in both revenue and profit expected for FY 2026.

• Upward revision reflects U.S. tariff refund and settlement proceeds.