May 15, 2023
Consolidated Financial Results
for the Fiscal Year Ended March 31, 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: | +81-3-6742-8550 |
Scheduled date of annual general meeting of shareholders: | June 27, 2023 |
Scheduled date to file annual securities report: | June 28, 2023 |
Scheduled date to commence dividend payments: | June 28, 2023 |
Preparation of supplementary material on financial results: | Yes |
Holding of 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 fiscal year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)
(1) Consolidated operating results (cumulative) | (Percentages indicate year-on-year changes.) | ||||||||||||||||||
Revenue | Operating profit | Profit before tax | Profit for the year | Profit attributable | Total | ||||||||||||||
comprehensive | |||||||||||||||||||
to owners of the | |||||||||||||||||||
parent | income | ||||||||||||||||||
Fiscal year ended | Millions of | % | Millions of | % | Millions of | % | Millions of | % | Millions of | % | Millions of | % | |||||||
yen | yen | yen | yen | yen | yen | ||||||||||||||
March 31, 2023 | 820,209 | 16.6 | 117,332 | 1.2 | 116,137 | 1.4 | 89,325 | 0.6 | 89,325 | 0.6 | 176,415 | (1.1) | |||||||
March 31, 2022 | 703,303 | 14.6 | 115,960 | 17.9 | 114,501 | 18.0 | 88,813 | 15.0 | 88,813 | 14.9 | 178,394 | 54.1 | |||||||
Basic earnings | Diluted earnings | Return on equity | Profit before tax per | Operating profit to | |||||||||||||||
attributable to owners | |||||||||||||||||||
per share | per share | total assets | revenue | ||||||||||||||||
of the parent | |||||||||||||||||||
Fiscal year ended | Yen | Yen | % | % | % | ||||||||||||||
March 31, 2023 | 119.00 | 118.95 | 8.4 | 7.6 | 14.3 | ||||||||||||||
March 31, 2022 | 117.45 | 117.38 | 9.5 | 8.1 | 16.5 |
(Note) Share of profit/(loss) of investments accounted for using the equity method March 2023: 171 million yen March 2022: 440 million yen
Adjusted operating profit March 2023: 138,025 million yen March 2022: 134,441 million yen
(2) Consolidated financial position
Ratio of equity | Equity attributable to | ||||
Total assets | Total equity | Equity attributable to | attributable to owners | ||
owners of the parent | |||||
owners of the parent | of the parent to total | per share | |||
assets | |||||
As of | Millions of yen | Millions of yen | Millions of yen | % | (Yen) |
March 31, 2023 | 1,602,225 | 1,111,063 | 1,111,063 | 69.3 | 1,492.15 |
March 31, 2022 | 1,473,693 | 1,012,313 | 1,012,313 | 68.7 | 1,338.46 |
(3) Consolidated cash flows
Cash flows from | Cash flows from | Cash flows from | Cash and cash | |
equivalents at the end of | ||||
operating activities | investing activities | financing activities | ||
the year | ||||
Fiscal year ended | Millions of yen | Millions of yen | Millions of yen | Millions of yen |
March 31, 2023 | 117,536 | (59,121) | (86,559) | 187,322 |
March 31, 2022 | 141,467 | (78,454) | (70,879) | 205,251 |
2. Cash dividends
Annual dividends per share | Ratio of | |||||||
Total dividends | Payout ratio | dividends to | ||||||
First | Second | Third | Fiscal | |||||
Total | (total) | (consolidated) | net assets | |||||
quarter-end | quarter-end | quarter-end | year-end | |||||
(consolidated) | ||||||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | |
Fiscal year ended | ||||||||
March 31, 2022 | - | 16.00 | - | 18.00 | 34.00 | 25,714 | 28.9 | 2.8 |
March 31, 2023 | - | 19.00 | - | 21.00 | 40.00 | 29,946 | 33.6 | 2.8 |
Fiscal year ending | ||||||||
March 31, 2024 | - | 22.00 | - | 22.00 | 44.00 | 32.4 | ||
(Forecast) | ||||||||
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 | 135.64 |
(Note) Assumed exchange rate for the fiscal year ending March, 2024: USD1=130 JPY, EUR1=145 JPY
*Notes
- Changes in significant subsidiaries during the year (changes in specified subsidiaries resulting in the change in scope of consolidation): Yes
Newly included: -Company | (Company Name) - | |
Excluded | : 1 Company | (Company Name) Terumo Yamaguchi D&D Corporation |
As of October 1, 2022, Terumo Yamaguchi D&D Corporation is excluded from the scope of consolidation due to its extinguishment following the exclusion of an absorption-type merger in which Terumo Yamaguchi Corporation, the Company's subsidiary, was the surviving company and Terumo Yamaguchi D&D Corporation was the extinguished company.
- Changes in accounting policies and changes in accounting estimates
- Changes in accounting policies required by IFRS: Yes
- Changes in accounting policies other than (i): None
- Changes in accounting estimates: None
- Please refer to [Attachment], page 15, "3. Consolidated Financial Statements and Main Notes (5) Notes Pertaining to Consolidated Financial Statements (ii) Changes in Accounting Policy".
- Number of shares outstanding (common stock)
- Number of outstanding shares at the end of the year(including treasury shares)
- Treasury shares at the end of the year
- Average number of shares during the year
As of March 31,2023 | 747,682,540 shares | As of March 31, 2022 | 759,521,040 shares |
As of March 31,2023 | 3,074,907 shares | As of March 31, 2022 | 3,194,976 shares |
As of March 31,2023 | 750,614,507 shares | As of March 31,2022 | 756,209,050 shares |
- Financial statements are not subject to audits 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 the Company 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 6, "1. Overview of Financial Results for the Fiscal Year Ended March 31, 2023 (4) Mid- to Long-term Outlook."
- 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 Fiscal Year Ended March 31, 2023
- Table of contents of attached materials
1. Overview of Financial Results for the Fiscal Year Ended March 31, 2023 | 2 | |
(1) | Overview of Consolidated Business Results | 2 |
(2) | Overview of Consolidated Financial Position | 5 |
(3) | Cash flow trends in the fiscal year ended March 31, 2023 | 5 |
(4) | Mid- to Long-term Outlook | 6 |
(5) | Basic policy for profit distribution, dividend payouts in the fiscal year ended March 31, 2023 and payout | |
plan for the fiscal year ending March 31, 2024 | 7 | |
2. Basic Concept Regarding the Selection of Accounting Standards | 8 | |
3. Consolidated Financial Statements and Main Notes | 9 | |
(1) | Consolidated Statement of Financial Position | 9 |
(2) | Consolidated Statement of Profit or Loss and Consolidated Statement of Comprehensive Income | 11 |
Consolidated Statement of Profit or Loss | 11 | |
Consolidated Statement of Comprehensive Income | 12 | |
(3) | Consolidated Statement of Changes in Equity | 13 |
(4) | Consolidated Statement of Cash Flows | 14 |
(5) | Notes Pertaining to Consolidated Financial Statements | 15 |
(i) Going Concern Assumption | 15 | |
(ii) Changes in Accounting Policy | 15 | |
(iii) Segment Information | 16 | |
(iv) Earnings per Share | 19 | |
(v) Impairment of Non-Financial Assets | 20 | |
(vi) Subsequent Events | 20 | |
4. Others | 21 |
- 1 -
[Terumo Corporation] Financial Results for the Fiscal Year Ended March 31, 2023
1. Overview of Financial Results for the Fiscal Year Ended March 31, 2023
-
Overview of Consolidated Business Results
In December 2021, the Terumo Group disclosed the 5-Year Growth Strategy. The strategy focuses on "From Devices to Solutions" as its vision in response to the major paradigm shifts taking place in healthcare, including the number of people living with chronic diseases rapidly increasing due to aging populations, and personalized medicine gaining traction through the evolution of genomic medicine and artificial intelligence (AI). We will promote management that transforms us into a company that can propose comprehensive solutions to customers' issues by shifting our focus from products to customers and becoming more actively involved in the entire healthcare ecosystem. Consolidated financial results for the fiscal year under review, the first fiscal year of this 5-Year Growth Strategy, were as follows.
(Unit: Millions of yen) | ||||
For the fiscal | For the fiscal | Growth | ||
excluding impact | ||||
year ended | year ended | Growth (%) | ||
of FX | ||||
March 31, 2022 | March 31, 2023 | |||
translations (%) | ||||
Revenue | 703,303 | 820,209 | 16.6 | 5.4 |
Gross profit | 369,341 | 417,369 | 13.0 | 2.4 |
Adjusted operating profit | 134,441 | 138,025 | 2.7 | (6.1) |
Operating profit | 115,960 | 117,332 | 1.2 | (5.4) |
Profit before tax | 114,501 | 116,137 | 1.4 | - |
Profit for the year | 88,813 | 89,325 | 0.6 | - |
Profit for the year | ||||
attributable to owners of the | 88,813 | 89,325 | 0.6 | - |
parent |
Revenue by geographic areas for the fiscal year under review is as follows:
(Unit: Millions of yen) | ||||
For the fiscal | For the fiscal | Growth | ||
excluding impact | ||||
Geographic areas | year ended | year ended | Growth (%) | |
of FX | ||||
March 31, 2022 | March 31, 2023 | |||
translations (%) | ||||
Japan | 206,143 | 207,385 | 0.6 | 0.6 |
Europe | 140,417 | 160,017 | 14.0 | 4.9 |
Americas | 220,400 | 286,580 | 30.0 | 8.6 |
China | 59,350 | 71,946 | 21.2 | 7.2 |
Asia and others | 76,991 | 94,279 | 22.5 | 9.1 |
Overseas total | 497,159 | 612,823 | 23.3 | 7.5 |
Total | 703,303 | 820,209 | 16.6 | 5.4 |
- 2 -
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Terumo Corporation published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 06:27:02 UTC.