Sysmex cuts forecast on weak sales in China and Japan

Sysmex Corporation reported a significant variance between its second-quarter financial forecast and actual results for the fiscal year ending March 2026. Net sales were JPY232,527m, falling short of the JPY240,000m forecast. This led to an operating profit of JPY32,957m, below the JPY36,000m forecast, with profit attributable to owners of the parent at JPY19,019m, down from JPY20,000m. This underperformance was primarily attributed to soft sales in the China and Japan regions.

Consequently, Sysmex has revised its full-year consolidated financial forecast for the fiscal year ending March 2026. The company now anticipates net sales of JPY510,000m, down from the initial JPY535,000m forecast. Operating profit is projected to be JPY76,000m, a reduction from JPY91,500m, and profit attributable to owners of the parent is expected to be JPY45,000m, a decrease from JPY57,000m. The revised forecast also incorporates updated foreign exchange assumptions, including $1.00 = JPY148.5 (previously JPY142.0) and CNY1.00 = JPY20.8 (previously JPY19.5).

Despite efforts to control selling, general, and administrative expenses, the lower sales prevented a full offset of the profit decline. The company confirmed no changes in its dividend forecast, with a planned annual dividend of JPY38.00 per share, including a JPY1.00 commemorative dividend for its 30th anniversary of listing.