February 9, 2022
Consolidated Financial Results
for the Third Quarter Ended December 31, 2021
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: | +81-3-6742-8550 |
Scheduled date to file quarterly securities report: | February 14, 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 nine months ended December 31, 2021 (from April 1, 2021 to December 31, 2021)
(1) Consolidated operating results (cumulative) | (Percentages indicate year-on-year changes.) | |||||||||||||||||||||||
Profit for the | Profit attributable | Total | ||||||||||||||||||||||
Revenue | Operating profit | Profit before tax | comprehensive | |||||||||||||||||||||
period | to owners of | |||||||||||||||||||||||
income | ||||||||||||||||||||||||
parent | ||||||||||||||||||||||||
Nine months ended | Millions of | % | Millions of | % | Millions of | % | Millions of | % | Millions of | % | Millions of | % | ||||||||||||
yen | yen | yen | yen | yen | yen | |||||||||||||||||||
December 31, | 523,482 | 16.7 | 94,455 | 25.5 | 93,044 | 24.2 | 71,696 | 22.6 | 71,696 | 22.3 | 102,045 | 182.9 | ||||||||||||
2021 | ||||||||||||||||||||||||
December 31, | 448,628 | (4.6) | 75,272 | (12.7) | 74,928 | (12.4) | 58,502 | (12.4) | 58,601 | (12.4) | 36,077 | (36.4) | ||||||||||||
2020 | ||||||||||||||||||||||||
Basic earnings | Diluted earnings | |||||||||||||||||||||||
per share | per share | |||||||||||||||||||||||
Nine months ended | Yen | Yen | ||||||||||||||||||||||
December 31, | 94.82 | 94.76 | ||||||||||||||||||||||
2021 | ||||||||||||||||||||||||
December 31, | 77.63 | 77.44 | ||||||||||||||||||||||
2020 | ||||||||||||||||||||||||
(Note) Adjusted operating profit December 2021: 107,157 million yen | December 2020: 88,489 million yen | |||||||||||||||||||||||
(2) Consolidated financial position | ||||||||||||||||||||||||
Equity attributable to | Ratio of equity | |||||||||||||||||||||||
Total assets | Total equity | attributable to owners of | ||||||||||||||||||||||
owners of parent | ||||||||||||||||||||||||
parent to total assets | ||||||||||||||||||||||||
As of | Millions of yen | Millions of yen | Millions of yen | % | ||||||||||||||||||||
December 31, 2021 | 1,401,522 | 935,904 | 935,904 | 66.8 | ||||||||||||||||||||
March 31, 2021 | 1,351,192 | 856,662 | 856,662 | 63.4 | ||||||||||||||||||||
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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 | - | 14.00 | - | 15.00 | 29.00 | ||
March 31, 2021 | |||||||
Fiscal year ending | - | 16.00 | - | ||||
March 31, 2022 | |||||||
Fiscal year ending | |||||||
March 31, 2022 | 16.00 | 32.00 | |||||
(Forecast) | |||||||
(Note) Revision from the dividend forecast, which is published in the most recent: None
3. Consolidated Forecast for the Fiscal Year Ending March, 2022 (From April 1, 2021 to March 31, 2022) (Percentages indicate year-on-year changes.)
Adjusted operating | Profit for the year | Basic earnings per | |||||||||
Revenue | Operating profit | attributable to owners | |||||||||
profit | share | ||||||||||
of parent | |||||||||||
Fiscal Year ending | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||
March, 2022 | 697,000 | 13.5 | 137,000 | 18.2 | 120,000 | 22.0 | 92,000 | 19.1 | 121.66 | ||
(Note) Revision of forecast for fiscal year ending March, 2022: Yes
Regarding the forecast for cumulative consolidated earnings for the fiscal year, please refer to the February 9th, 2022 press release "Terumo Revises its Full-Year Financial Guidance for FY2021".
Basic earnings per share is calculated by taking into consideration effects of the conversion of convertible bonds in the nine months.
• Assumed exchange rate for fiscal year ending March, 2022: USD1=112JPY, EUR1=130JPY
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[Terumo Corporation] Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2022
*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) -
- Changes in accounting policies and changes in accounting estimates
- Changes in accounting policies required by IFRS: None
- Changes in accounting policies other than (i): None
- Changes in accounting estimates: None
- Number of outstanding shares (common stock)
- Number of outstanding shares at the end of the period (including treasury shares)
- Treasury shares at the end of the period
- Average number of shares during the period (cumulative quarterly)
As of December 31, | 759,521,040 shares | As of March 31, 2021 | 759,521,040 shares |
2021 | |||
As of December 31, | 3,203,152 shares | As of March 31, 2021 | 3,508,047 shares |
2021 | |||
Nine months ended | 756,170,427 shares | Nine months ended | 754,856,119 shares |
December 31, 2021 | December 31, 2020 | ||
*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
- 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 8, "1. Overview of Financial Results for the First Nine Months of the Fiscal Year Ending March 31, 2022 (3) Forecasts, including the Consolidated Financial Results for the Fiscal Year Ending March 31, 2022".
- 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.
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[Terumo Corporation] Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2022 | ||
Table of contents of attached materials | ||
1. Overview of Financial Results for the First Nine Months of the Fiscal Year Ending March 31, 2022 .................. | 5 | |
(1) | Overview of Consolidated Business Results...................................................................................................... | 5 |
(2) | Overview of Consolidated Statement of Financial Position .............................................................................. | 8 |
(3) | Forecasts, including the Consolidated Financial Results for the Fiscal Year Ending March 31, 2022 .............. | 8 |
2. Condensed Consolidated Financial Statements ...................................................................................................... | 9 | |
(1) | Condensed Consolidated Statement of Financial Position................................................................................. | 9 |
(2) | Condensed Consolidated Statement of Profit or Loss and Condensed Consolidated Statement of | |
Comprehensive Income ............................................................................................................................... | 11 | |
(3) | Condensed Consolidated Statement of Change in Equity .............................................................................. | 13 |
(4) | Notes Pertaining to Condensed Consolidated Financial Statements ................................................................ | 13 |
(i) Going Concern Assumption ......................................................................................................................... | 13 | |
(ii) Segment information .................................................................................................................................. | 14 |
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[Terumo Corporation] Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2022
1. Overview of Financial Results for the First Nine Months of the Fiscal Year Ending March 31, 2022
(1) Overview of Consolidated Business Results
In the first nine months of the current fiscal year (from April 1, 2021 to December 31, 2021), the Group's sales were generally strong amid the ongoing recovery trend in medical demand from the impacts of the COVID-19 pandemic experienced in the first three months of the current fiscal year. However, the problems of inflation on manufacturing cost and lower capacity utilization in factories along with supply chain disruptions seen across all industries and regions have begun to affect the Group as well. The Group will need to continue finding ways to secure stable supplies of these resources from the fourth quarter into next fiscal year.
Financial results for the first nine months are as follows:
(Unit: Millions of yen) | ||||
For the nine | For the nine | Growth | ||
months ended | months ended | Growth (%) | excluding impact | |
December 31, | December 31, | of FX | ||
2020 | 2021 | translations (%) | ||
Revenue | 448,628 | 523,482 | 16.7 | 11.9 |
Gross profit | 241,268 | 278,841 | 15.6 | 10.2 |
Adjusted operating profit | 88,489 | 107,157 | 21.1 | 13.3 |
Operating profit | 75,272 | 94,455 | 25.5 | 16.9 |
Profit before tax | 74,928 | 93,044 | 24.2 | - |
Profit for the period | 58,502 | 71,696 | 22.6 | - |
Profit for the period | ||||
attributable to owners of | 58,601 | 71,696 | 22.3 | - |
parent |
Revenue by geographic areas for the first nine months is as follows:
(Unit: Millions of yen) | ||||
For the nine | For the nine | Growth | ||
Geographic areas | months ended | months ended | Growth (%) | excluding impact |
December 31, | December 31, | of FX | ||
2020 | 2021 | translations (%) | ||
Japan | 148,349 | 155,034 | 4.5 | 4.5 |
Europe | 87,547 | 103,997 | 18.8 | 11.2 |
Americas | 131,132 | 161,219 | 22.9 | 17.2 |
Asia and others | 81,598 | 103,231 | 26.5 | 17.6 |
Overseas total | 300,279 | 368,447 | 22.7 | 15.5 |
Total | 448,628 | 523,482 | 16.7 | 11.9 |
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Terumo Corporation published this content on 09 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 February 2022 06:17:09 UTC.