NEWS DETAIL

  • Source : Press Release
  • Date : 2021-11-10
  • Companies : Sysmex Corp.

Announcement Regarding Differences Between Actual and Forecast Figures for the Six Months Ended September 30, 2021, and Revision of Full-Year Financial Forecasts

Sysmex Corporation announces that actual financial results during the six months ended September 30, 2021, differed in some respects from the forecast announced on May 12, 2021. In addition, Sysmex has revised its financial forecast for the full fiscal year ending March 31, 2022. These differences are described below.

1. Differences between Actual and Forecast of Consolidated Financial Results for the Six Months Ended September 30, 2021 (April 1, 2021 to September 30, 2021) 

(Millions of yen, unless otherwise stated)

 

Net sales

Operating 
profit

Profit 
before tax

Profit attributable to 
owners of the parent

Basic earnings 
per share (Yen)

Previous forecast (A)

161,000 

28,000  27,000  19,000  90.91

Actual results (B)

168,753 

33,711  32,088  22,243  106.42

Difference (B–A)

7,753 

5,710  5,087  3,243

Rate of change (%)

4.8% 

20.3%  18.8%  17.0%

(Reference) Results for the six 
months ended September 30, 2020

132,082 

20,004  18,090  12,653  60.59

2. Revised Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2022 (April 1, 2021 to March 31, 2022) 

(Millions of yen, unless otherwise stated)

 

Net sales

Operating 
profit

Profit 
before tax

Profit attributable to 
owners of the parent

Basic earnings 
per share (Yen)

Previous forecast (A)

350,000 

60,000  57,000  40,000  191.39

Actual results (B)

360,000 

66,000  63,000  44,000  210.50

Difference (B–A)

10,000 

6,000  6,000  4,000

Rate of change (%)

2.8% 

10.0%  10.5%  10.0%

(Reference) Results for the six 
months ended September 30, 2020

305,073 

51,792  48,033  33,142  158.65

3. Reasons for the Differences and Revision 

On the consolidated net sales front, in the first six months of the fiscal year ending March 31, 2022, sales were robust both in Japan and overseas. Results outpaced our previous forecast, mainly for this reason and because foreign exchange rates reflected greater-than-expected yen depreciation. On the profit front, in addition to the impact of yen depreciation on foreign exchange rates, selling, general and administrative (SG&A) expenses were lower due to the impact of COVID-19. As a result, operating profit, profit before tax and profit attributable to owners of the parent exceeded our previous forecasts.

As for our forecast for the fiscal year ending March 31, 2022, although there are uncertainties, we expect that sales will be robust continuously and greater-than-expected yen depreciation will continue.

For these reasons, we have revised upward our forecast for the full fiscal year ending March 31, 2022, as we now expect net sales, operating profit, profit before tax and profit attributable to owners of the parent to be above our previously forecast figures. 

We have revised our foreign exchange assumptions used for calculating financial forecasts from the third quarter onward from our initial assumptions of USD1.00 = JPY106, EUR1.00 = JPY125 and CNY1.00 = JPY16 to USD1.00 = JPY112, EUR1.00 = JPY130 and CNY1.00 = JPY17. 

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.