Full Year 2023 Terumo Corp Earnings Call Transcript
[Interpreted] Hello. I am the CAFO, Muto. I will explain our earnings results for the fiscal year ended March 31, 2023. First, the highlights of this earnings announcement, the FY '22 sales revenue and operating profit results were both our highest ever. We also secured an increase in profit for the year. Sales revenue grew 5% when excluding FX impact, as strong global demand continued, led by the U.S. market. At the same time, profit was greatly affected throughout the year by inflation. Although we achieved an increase in profit, the most recent Q4 saw not only inflation impact, but also onetime downward factors resulting in a shortfall against the guidance we announced in February Later, I will explain these onetime factors from Q4 in more detail.
Regarding the FY '23 guidance, sales revenue will continue to grow globally, and we anticipate 6% growth, excluding FX, to exceed the growth of the previous year, we will achieve improvement of operating profit in both amount and rate, growing profit
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