Q1 2021 Terumo Corp Earnings Call Transcript
I am the CAFO, Muto. I will now explain the first quarter results for the fiscal year ending March 2021.
First, I will give an overview of the Terumo Group as a whole. In sales revenue, Cardiac and Vascular was impacted by COVID-19, but the impact on the General Hospital and Blood and Cell Technologies companies was very light, resulting in a 14% decrease in revenue for the Terumo Group and an 11% revenue decrease when excluding FX impact.
Group adjusted operating profit was greatly affected by the decrease in Cardiac and Vascular revenue because that company has high profitability.
In expenses, control of R&D spending that is important for mid- to long-term growth was only limited, and SG&A was reduced year-on-year due to COVID-19 restrictions on activities and due to our efforts to control nonurgent spending, leading to a 30% decline in adjusted operating profit and 31% in operating profit when excluding FX impact.
Profit for the year was 39% below the same
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
