Terumo Corp (TRUMF) Q1 2027 Earnings Call

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WEBVTT 00:00:00.331 -- 00:00:05.695 I'm Jin Hagimoto, CFO of Terumo. Let me begin with an overview of our financial 00:00:05.695 -- 00:00:10.319 results for the first quarter of the fiscal year ending March 2027. 00:00:10.319 -- 00:00:15.843 Achieved record high revenue for the quarter, reaching 311.8 billion yen, supported 00:00:15.843 -- 00:00:20.086 by a favourable business environment. Demand remains strong globally, particularly in 00:00:20.086 -- 00:00:25.550 the Americas, resulting in 9% year-on-year growth on a local currency basis. 00:00:25.550 -- 00:00:30.296 On the profit side, in addition to solid revenue growth, earnings benefited from a US 00:00:30.296 -- 00:00:35.381 tariff refund and one-time income, resulting in significant increase. 00:00:35.381 -- 00:00:40.247 Even excluding these temporary positive factors, strong business performance enabled 00:00:40.247 -- 00:00:44.409 us to achieve record high quarterly profit. 00:00:45.710 -- 00:00:50.474 In light of this performance, we are revising our full-year guidance upward from the 00:00:50.474 -- 00:00:55.658 forecast announced in May. While our revenue outlook and earnings from business operations 00:00:55.658 -- 00:01:00.863 remain unchanged, we have incorporated the impact of the US tariff refund in one-time 00:01:00.863 -- 00:01:05.045 income resulting in higher profit guidance. 00:01:06.007 -- 00:01:10.531 Moving on to our P&L performance, revenue increased 20% year-on-year to 311.8 billion 00:01:10.531 -- 00:01:12.531 yen. 00:01:14.577 -- 00:01:19.998 Continued business expansion drove 9% growth on a local currency basis. 00:01:19.998 -- 00:01:24.939 Unfavorable foreign exchange effects further supported revenue growth resulting in higher 00:01:24.939 -- 00:01:30.400 revenue across all companies....