On May 12, 2022 Sysmex Corporation (HQ: Kobe, Japan; Chairman and CEO: Hisashi Ietsugu) reported certain differences between its financial forecast on November 10, 2021, for the fiscal year ended March 31, 2022 (April 1, 2021, to March 31, 2022) (Press release, Sysmex, MAY 12, 2022, View Source [SID1234614269]). Furthermore, at a meeting of the Managing Board on May 12, 2022, Sysmex resolved to award dividends from surplus as described below, with a record date of March 31, 2022. We intend to propose this payment of dividends from surplus at the General Meeting of Shareholders scheduled for June 24, 2022.
Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:
Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing
Schedule Your 30 min Free Demo!
1. Change from Financial Forecasts
(1) Consolidated Financial Results for Fiscal Year from April 1, 2021, to March 31, 2022
(2) Reason Consolidated net sales were higher than previously expected, owing to favorable sales in the EMEA region and lower yen exchange rates than we had assumed earlier. On the profit front, operating profit, profit before tax and profit attributable to owners of the parent outpaced our previous expectations due to higher-than-expected consolidated net sales and a decline in selling, general and administrative expenses, owing to sales activities being constrained due to COVID-19. A change in the accounting treatment of cloud computing contracts during the fiscal year under review has been applied retroactively to the previous fiscal year’s figures, which are provided for reference. For details, please see the "Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2022," disclosed today (May 12, 2022).
2. Dividend from Surplus
(1) Dividend
(2) Reason In terms of returns to shareholders, we intend to provide a stable dividend on a continuous basis and aim for a consolidated payout ratio of 30% under our basic policy of sharing the successes of our operations in line with business performance.
In accordance with this policy, we have set the ordinary year-end dividend for the fiscal year ended March 31, 2022, at ¥39 per share. Accordingly, annual total dividends will be ¥76 and the consolidated payout ratio will be 36.0%.