Terumo
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Terumo (4543) investor relations material

Terumo Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary13 Feb, 2026

Executive summary

  • Achieved record-high revenue and profit for Q3 and year-to-date, driven by strong North American demand, robust global sales, and double-digit growth excluding FX impact.

  • Effective pricing strategies and cost control offset negative tariff impacts and one-time expenses, with acquisitions such as OrganOx and Leverkusen Plant contributing to consolidated results.

  • Profit attributable to owners of the parent increased 11.1% year-over-year to ¥109.5 billion, with basic EPS up to ¥74.27.

  • Overseas revenue grew 9.2%, led by Interventional Systems and plasma innovation businesses, while Japan saw a 2.2% increase.

Financial highlights

  • Q3 year-to-date revenue reached ¥831.6 billion, up 7.7% year-over-year, with 9% growth in North America (excluding FX).

  • Operating profit and adjusted operating profit hit ¥144.9 billion and ¥173.5 billion, respectively, both record highs.

  • Q3 YTD profit for the year grew 11% to ¥109.5 billion; total comprehensive income surged 37.3% to ¥194.8 billion.

  • Free cash flow for Q3 YTD was -¥173.8 billion, reflecting significant investments and M&A activity.

  • Gross profit increased 5.6% year-over-year to ¥445.7 billion.

Outlook and guidance

  • Business is on track to achieve GS 2026 targets, with structural reforms and cost optimization expected to yield ¥3 billion in annual savings from next fiscal year.

  • Full-year revenue guidance is ¥1,108.0 billion (+6.9% year-over-year), with adjusted operating profit of ¥221.5 billion (+8.9%) and profit attributable to owners of ¥136.0 billion (+16.3%).

  • Dividend forecast raised to ¥30.00 per share for FY2026.

  • Pricing initiatives to offset inflation and tariffs will continue, aiming to increase prices faster than inflation.

OrganOx acquisition: how will it advance transplantation medicine
Explain FX impact on Europe vs Americas revenue
What caused the Cardiac and Vascular impairment loss?
Leverkusen plant revenue recognition timeline
Rika customer acquisition strategy changes?
Beyond FY25, any significant one-off costs?
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Frequently asked questions

Terumo Corporation develops, manufactures, and distributes medical devices and services. The company's products include airway management devices such as catheters, cannulas, balloons and valves; minimally invasive surgery systems; infusion systems; cartridges for dialysis machines; intrauterine systems for contraception; endoscopic systems for gastrointestinal endoscopy and bronchoscopy procedures; surgical lasers for eye surgery; films for X-rays or pictures of body organs; imaging apparatus for magnetic resonance images (MRIs) and computed tomography (CT) scans; home transfusion treatment machines; products used in blood conservation therapy such as apheresis machines used to separate blood components such as plasma or platelets from whole blood using centrifugal force. The company is based in Tokyo, Japan.

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