Terumo Corporation Boosts Full-Year Outlook After Strong First Half
SHERIDAN, WYOMING – November 9, 2024 – Terumo Corporation, a leading medical technology company, has raised its financial forecast for the fiscal year ending March 31, 2025. This comes on the heels of impressive first-half results and favorable shifts in foreign exchange rates.
The company now anticipates consolidated revenue of 1.01 trillion yen, a 30 billion yen increase from its previous estimate. This upward revision reflects better-than-expected revenue in the first and second quarters, coupled with the yen's depreciation exceeding initial projections.
"Terumo's strong performance is fueled by robust growth across its various business segments, including Cardiac and Vascular, General Hospital, and Blood and Cell Technologies," said a company spokesperson. "The company's innovative products and global presence have allowed it to effectively meet the growing worldwide demand for healthcare solutions."