Q1 2024 Terumo Corp Earnings Presentation Transcript

Aug 09, 2023 / 08:15AM GMT

Release Date Price: $15.9 (+3.12%)

Transcript

Naoki Muto

Terumo Corporation - Chief Accounting & Financial Officer and Group Executive Officer

[Interpreted] Hello. I am the CAFO, Muto. I will give an overview of our earnings results for the first quarter of the fiscal year ending March 31, 2024. Here are the highlights of this earnings report.

Q1 sales revenue was our highest ever for a quarter. Strong global demand continued as sales grew 5% when excluding FX.

Operating profit was minus 1% when excluding FX. However, during the quarter, the positive impact of our profitability improvement measures exceeded the negative impact of inflation for the first time and progress is as planned toward achieving our annual guidance. Further, profit for the year grew year-on-year, resulting in both increased sales and profit.

In addition, it was

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