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Terumo (4543) investor relations material
Terumo Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 revenue reached a record ¥624.5B, up 16.7% reported and 8.0% excluding FX; adjusted operating profit rose 28.8% to a record ¥147.3B.
Reported operating profit fell 29.9% to ¥70.8B and net profit fell 29.0% to ¥54.6B, mainly due to impairment and related costs following the CSL Plasma supply-agreement termination.
Financial highlights
H1 gross profit rose 18.0% to ¥345.0B; gross margin increased to 55.2% from 54.7%.
Adjusted operating margin increased to 23.6% from 21.4%; reported operating margin declined to 11.3% from 18.9%.
Profit before tax was ¥69.5B; diluted EPS was ¥37.02 versus ¥52.12 a year earlier.
H1 free cash flow was ¥122.6B, up ¥91.6B YoY.
Outlook and guidance
Full-year revenue guidance is ¥1,219.5B (+7.7% YoY); adjusted operating profit is ¥271.5B (+23.8%), with a 22.3% margin.
Operating profit guidance was reduced to ¥119.0B (-32.5% YoY) and parent-attributable profit to ¥87.5B (-35.6% YoY).
Revised guidance reflects the Aortic recall, related asset-value risks and temporary Neuro supply constraints; assumptions include ¥155/$ and ¥180/€.
Organ Technologies retained its 20% full-year profit margin target, with second-half growth expected from sales expansion.
- Integrated manufacturing and AI accelerate differentiated product innovation and sustainable growth.4543
Status update - CSL Plasma exit drives US$610M in estimated FY26 charges; TBCT profitability expected to improve from FY27.4543
Investor presentation - Acquisition adds next-gen liquid embolic for cSDH, expanding neurovascular market reach.4543
Acquisition presentation - Record-high revenue and profit on global demand, FX gains, and one-time items; guidance raised.4543
Q1 2027 - FY26 targets robust growth through innovation, new devices, and expansion in Africa and organ technologies.4543
Investor Day 2026 - Record revenue and profit, with double-digit growth expected to continue in FY2026/2027.4543
Q4 2026 - Record revenue and profit growth driven by global demand and strategic acquisitions.4543
Q3 2026 - Record revenue and profit growth, with double-digit gains and improved margins.4543
Q1 2025 - Record revenue and profit growth, with global expansion and CDMO investment; tariff risks persist.4543
Q4 2025
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