Latest news with #JPY1
Yahoo
16-05-2025
- Business
- Yahoo
Terumo Corp (TRUMF) Full Year 2025 Earnings Call Highlights: Record Sales and Strategic Growth ...
Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Terumo Corp (TRUMF) achieved record high sales revenues surpassing JPY1 trillion for the first time, with a 12% growth over the previous year. Operating profit reached a record high for the fourth consecutive year, despite a one-time expense, due to strong revenue growth. Free cash flow increased significantly, exceeding JPY100 billion for the first time, driven by expanded operating cash flow. The cardiovascular company segment showed strong global sales revenue growth, particularly in the US, with an 8% increase on a local currency basis. The company expects a 32% increase in operating profit for fiscal 2025, driven by business expansion and the absence of previous one-time expenses. General and administrative expenses increased due to additional provisions for bonuses and one-time litigation expenses. The company faced negative gross margin effects due to the loss and writedown of products in preparation for new product expansion. Price declines in China due to value-based purchasing impacted revenue, although partially offset by price increases elsewhere. The impact of US reciprocal tariffs remains uncertain, with a potential maximum impact of approximately JPY17 billion. Challenges in the external environment, such as inflation and currency fluctuations, have negatively affected certain business segments. Warning! GuruFocus has detected 2 Warning Signs with TRUMF. Q: Can you elaborate on the factors driving the record high sales revenue and operating profit for fiscal year 2024? A: Jin Hagimoto, Chief Financial Officer, explained that sales revenues surpassed JPY1 trillion for the first time, with a 12% growth over the previous year. This was driven by global demand, particularly in the US, and a weaker JPY. Operating profit also reached a record high due to this growth, despite a one-time expense of 24.2 billion yen. Net income and free cash flow also hit record highs. Q: What are the expectations for fiscal year 2025 in terms of revenue and operating profit growth? A: CFO Jin Hagimoto stated that for fiscal year 2025, Terumo expects a 7% revenue growth on a local currency basis and a 32% increase in operating profit. This growth is anticipated due to business expansion and the absence of one-time expenses from the previous year. Q: How did regional performance contribute to the company's overall growth? A: CFO Jin Hagimoto highlighted that all regions showed steady progress, with the Americas and Europe posting double-digit growth. In China, the TIS segment rebounded from price declines due to value-based purchasing with increased volumes. Q: Can you discuss the impact of the US reciprocal tariffs on Terumo's financial outlook? A: CFO Jin Hagimoto mentioned that the maximum estimated impact of the US reciprocal tariffs for the current fiscal year is approximately JPY17 billion. This estimate assumes most US sales, other than those produced in the Americas, are imported from Japan. The economic impact is expected from the second quarter onwards, but it has not been factored into the fiscal 2025 guidance. Q: What strategic measures are being taken under the GS 26 growth strategy? A: CFO Jin Hagimoto outlined that the GS 26 strategy focuses on expanding therapeutic businesses, promoting radial procedures, and enhancing preoperative solutions with smart pumps. Additionally, Terumo is accelerating global expansion in blood and cell technology and expanding its software and service businesses for competitive advantage. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-04-2025
- Business
- Yahoo
Nomura Holdings Inc (NMR) (FY 2025) Earnings Call Highlights: Record Net Income and Strategic ...
Group Net Revenue: Increased 21% year-on-year to JPY1,892.5 billion. Income Before Income Taxes: Grew 72% to JPY472 billion. Net Income: Doubled to a record high of JPY340.7 billion. Earnings Per Share (EPS): JPY11.03. Return on Equity (ROE): 10%. Dividend: Total year-end dividend of JPY34 per share, annual dividend of JPY57 per share, payout ratio of 49%. Share Buyback Program: Upper limit of 100 million shares, aggregate repurchase price limit of JPY60 billion. Fourth Quarter Group Net Revenue: Fell 10% to JPY452.7 billion. Fourth Quarter Income Before Income Taxes: Fell 29% to JPY97.7 billion. Fourth Quarter Net Income: Down 29% to JPY72 billion. Fourth Quarter Earnings Per Share (EPS): JPY23.39. Wealth Management Net Revenue: Fell 10% to JPY104.5 billion in Q4. Investment Management Net Revenue: Down 6% to JPY43 billion in Q4. Wholesale Net Revenue: Fell 11% to JPY259.2 billion in Q4. Assets Under Management: JPY89.3 trillion at the end of March. Tier One Capital Ratio: 16.2% at the end of March. Common Equity Tier 1 Ratio: 14.5% at the end of March. Warning! GuruFocus has detected 3 Warning Sign with NMR. Release Date: April 25, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Nomura Holdings Inc (NYSE:NMR) reported a 21% year-on-year increase in group net revenue, reaching JPY1,892.5 billion. Income before income taxes grew by 72% to JPY472 billion, with net income doubling to a record high of JPY340.7 billion. The company achieved an 11-year high in wealth management income before income taxes and a 15-year high in wholesale. Nomura Holdings Inc (NYSE:NMR) announced a share buyback program with an upper limit of 100 million shares, valued at JPY60 billion. The company exceeded its KPI targets in wealth management, with net inflows of recurring revenue assets sharply surpassing the target. Group net revenue fell 10% quarter-on-quarter to JPY452.7 billion, with income before income taxes dropping 29% to JPY97.7 billion. Fixed income revenues in the wholesale segment slowed, with a 24% decline in net revenue to JPY105.8 billion. The company's cost to income ratio in the wholesale segment was high at 84%, indicating room for improvement in cost management. Investment management saw a decline in net revenue by 6% to JPY43 billion, with income before income taxes falling 18% to JPY15.5 billion. Market conditions were challenging, with rising yen rates and a decline in the stock market impacting performance. Q: Global markets, particularly fixed income, seem weak compared to US peers. Can you elaborate on the business performance and the latest situation in April? A: Takumi Kitamura, CFO: Fixed income appears weak due to differences in product mix and regional focus. We don't engage in commodities, which some competitors do. In Japan, rising JCB rates created a challenging environment. Monthly performance showed a drop in March, with April's average below Q4 levels. We are cautious about liquidity and market conditions. Q: Regarding capital policy, is the CET 1 target around 13%? How does this relate to the share buyback program? A: Takumi Kitamura, CFO: The CET 1 target isn't strictly set at 13%. We consider various indicators, including tier 1 and capital adequacy ratios, when deciding on the JPY60 billion share buyback. The target range will be announced at the upcoming Investor Day. Q: Are there plans to change resource allocation between regions, especially given the capital shift from the US to Europe? A: Takumi Kitamura, CFO: While ECB rate reductions have been favorable for Europe, the changes aren't significant enough to alter our resource allocation yet. If trends continue, we may need to reconsider. Q: What is the rationale behind the JPY60 billion share buyback, and how does it relate to the RSCU portion? A: Takumi Kitamura, CFO: The JPY60 billion buyback was determined by evaluating various financial ratios. The RSCU portion is included, ensuring we meet our committed total return ratio of over 50%. Q: How do you evaluate the cost-to-income ratio in the wholesale division, and what is the future outlook? A: Takumi Kitamura, CFO: The cost-to-income ratio was high due to increased equities execution costs. We see room for improvement and are implementing initiatives to lower the ratio, though it will take time to reflect in financial statements. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
27-03-2025
- Business
- Yahoo
Japan Extends 50% Cash Rebate Program That Lured Apple TV+'s ‘Monarch' Series
Japan's Ministry of Economy, Trade and Industry has extended its production incentive program through 2025, maintaining its eye-catching 50% cash rebate on qualifying expenditures. The move continues the momentum of Japan being promoted heavily as a filming location, which was evident at last November's Tokyo International Film Festival. More from Variety Seth Rogen Reveals Ridley Scott's Pitch for the 'Monopoly' Movie as 'The Studio' Cast Shares Crazy Hollywood Notes: A Photographer Said, 'You Have a Terrible Body for Clothes' Jessica Chastain, Adam Driver to Star in Apple Series 'The Dealer' 'Severance' Renewed for Season 3 at Apple TV+ The Visual Industry Promotion Organization (VIPO) and Japan Film Commission confirmed on Thursday that the incentive program, which selected 10 international productions in 2024, including Apple TV+'s 'Monarch: Legacy of Monsters Season 2,' will run from March 27, 2025, to Jan. 31, 2026. The incentive applies to half of all qualified spending on production and post-production costs incurred in Japan after a project's official selection. The program caps rebates at JPY1 billion (approximately $6.6 million) per production. To qualify, international projects must meet one of three financial thresholds: direct production costs in Japan exceeding JPY500 million ($3.3 million); total production budget over JPY1 billion ($6.6 million) with at least JPY200 million ($1.3 million) spent directly in Japan; or projects set for distribution in more than 10 countries with minimum direct Japan expenditures of JPY200 million. Applications must come through Japanese production companies or consortiums, as overseas entities cannot apply directly. The program will accept submissions in four rounds throughout 2025, beginning immediately with the first application window running through April 10. The initiative further stipulates that qualifying productions must benefit Japan's domestic content industry through local employment and studio utilization, and that 'scenes shot in Japan are absolutely guaranteed.' Projects must also allow overseas filmmakers to cooperate in promoting filming locations. An exception clause notes that projects failing to meet financial thresholds might still qualify if they 'greatly benefit the Japanese economy and domestic film industry,' with decisions made by an external examination committee. The project completion date must be set within 90 days of work completion or Jan. 31, 2026, whichever comes first, with direct expenses related to film production in Japan eligible for funding. Applications will be processed by VIPO with the Japan Film Commission serving as program coordinator. The program may conclude early if the allocated budget is exhausted before all four application rounds are completed. Best of Variety New Movies Out Now in Theaters: What to See This Week The Best Celebrity Memoirs to Read This Year: From Chelsea Handler to Anthony Hopkins Oscars 2026: First Blind Predictions Including Timothée Chalamet, Emma Stone, 'Wicked: For Good' and More
