bullish

Terumo Corp

Terumo Corp (4543 JP): Stellar Performance in Q1; Cost Control Measures Are Bearing Fruits

398 Views08 Aug 2024 23:15
Boomeranged on Fri, 30 Aug 2024 14:37
Terumo announced buyback of 15K shares (~1% of total outstanding shares) for ¥30B. The company will also conduct a secondary offering of 73M shares in the international markets as 7 of its existing institutional shareholders intend to sell their shares. Pricing are expected on September 10. Buy the dip. Accelerated growth and improved profitability to enhance valuation multiple, going ahead.
SUMMARY
  • Terumo Corp (4543 JP) has reported record high quarterly revenue and profit in Q1FY25, thanks to strong demand across all the business segments, effects of pricing measures, and favorable Fx.
  • With the steady progress in profit improvement measures, Q1FY25 gross profit margin (53.3%) reached to its highest level since Q2FY22. Operating and net profit growth outpaced that of revenue.
  • Amid currency uncertainties and inflation, Terumo has maintained its full-year FY25 guidance issued in May. Growth will be driven by US and Europe owing to the sustained increase in demand.
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