Sysmex: Sysmex : Announcement Regarding Differences between Actual and Forecast Figures for the Six Months Ended September 30, 2024, and Notice of Revision to the Full-Year Financial Forecast

November 6, 2024 Sysmex Corporation Announcement Regarding Differences between Actual and Forecast Figures for the Six Months Ended September 30, 2024, and Notice of Revision to the Full-Year Financial Forecast Sysmex Corporation announces that actual financial results during the six months ended September 30, 2024, differed in some respects from the forecast announced on May 9, 2024. Also, we have revised our full-year financial forecast for the fiscal year ending March 31, 2025. Details are provided below. 1. Differences between Actual and Forecast of Consolidated Financial Results for the Six Months Ended September 30, 2024 (April 1, 2024 to September 30, 2024) (Millions of yen, unless otherwise stated) Net sales Operating Profit before Profit attributable to Basic earnings per profit tax owners of the parent share (Yen) Previous forecast (A) 237,000 37,000 34,900 23,000 36.89 Actual results (B) 242,479 44,502 38,280 26,002 41.70 Difference (B-A) 5,479 7,502 3,380 3,002 ― Rate of change (%) 2.3 20.3 9.7 13.1 ― (Reference) results for the six 212,698 33,824 33,300 22,186 35.34 months ended September 30, 2023 Note: The Company conducted a three-for-one stock split on common stock with an effective date of April 1, 2024. Basic earnings per share and diluted earnings per share have been calculated as if the stock split had taken place at the beginning of the previous consolidated fiscal year. 2. Revised Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2025 (April 1, 2024 to March 31, 2025) (Millions of yen, unless otherwise stated) Net sales Operating Profit before Profit attributable to Basic earnings per profit tax owners of the parent share (Yen) Previous forecast (A) 510,000 87,000 82,500 55,000 88.21 Actual results (B) 510,000 90,000 82,500 55,000 88.21 Difference (B-A) 0 3,000 0 0 ― Rate of change (%) 0 3.4 0 0 ― (Reference) results for fiscal year 461,510 78,382 74,600 49,639 79.27 ended March 31, 2024 3. Reasons for the Differences and the Forecast Revision Consolidated net sales outstripped our previous forecast, due to favorable performance in the EMEA, China, and AP regions. Also, yen depreciation was more pronounced than we had expected. Operating profit, profit before tax, and profit attributable to owners of the parent also exceeded our previous forecast, as an improved cost of sales ratio and higher net sales pushed up gross profit, and notwithstanding yen depreciation selling, general and administrative (SG&A) expenses remained within planned levels. We leave our net sales forecast for the fiscal year ending March 31, 2025, unchanged. Although some geopolitical risk remains, sales are generally robust, and we assume that second-half exchange rates will be in line with our earlier expectations. However, we have revised our operating profit outlook for the full fiscal year. In addition to higher gross profit due to an increase in reagent sales in the second half, we will work to optimize SG&A expenses and research and development expenses. On the other hand, we leave our profit before tax and profit attributable to owners of the parent forecast for the full fiscal year unchanged, considering the actual foreign exchange gain and loss. We have revised our foreign exchange assumptions used for calculating our financial forecast from our initial assumptions of USD1.00 = JPY147.0, EUR1.00 = JPY158.0 and CNY1.00 = JPY20.4 to USD1.00 = JPY149.8, EUR1.00 = JPY162.0 and CNY1.00 = JPY20.8. Note: The forecasts above were made based on information available on the day of this release. Actual results may therefore differ materially from those described above due to various unforeseen factors and possible events in the future. Attachments Original document Permalink Disclaimer Sysmex Corporation published this content on November 06, 2024 , and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on November 06, 2024 at 06:41:12.085 .