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During the first six months of the fiscal year ending March 31, 2012, sales were up in Japan and overseas markets despite the negative impact of substantial yen appreciation. Net sales rose 8.7% year on year, due to increases in all geographic regions, including Japan. Income, however, was down in all categories except net income, with operating income declining 1.2% year on year and ordinary income falling 1.0%, while net income rose 6.6%.
At the exchange rates prevailing one year earlier, net sales would have been up 12.1% and operating income up 16.6%.
In overseas markets, we made steady progress in the strengthening of sales and support structures and the provision of total solutions. As a result, sales were up in all geographic regions. Growth was particularly pronounced in China, with sales expanding 36.7% year on year on a local currency basis. Owing to this growth in overseas operations, the Sysmex Group's overseas sales ratio amounted to 71.0%.
We also continued to propose total solutions in Japan. This lead to solid performance in terms of receiving major orders, and sales increased 3.0% year on year.
For the full fiscal year ending March 31, 2012, substantial and higher-than-expected appreciation of the yen has led us to revise exchange rate forecasts from the levels anticipated at the beginning of the fiscal year. Therefore, we have revised our net sales and income forecasts from the previously announced figures. We now anticipate a 7.5% rise in net sales and a 1.2% increase in operating income year on year.
We expect to pay an interim dividend of ¥15 per share for total annual dividends of ¥30 per share, and we intend to maintain stable level dividend levels. I ask for the continued support of our shareholders.
Hisashi Ietsugu President and CEO |
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