December 12, 2016
TOKYO, JAPAN - Dec. 12, 2016 - Terumo Corporation (TSE: 4543) announced today that it has formulated its 5-year Mid- to Long-term Growth Strategy starting from April, 2017. As a global corporation with Japanese origins, we will achieve profitable and sustainable growth by executing the following strategies in a ten-year perspective.
(Plan FX rate: USD=105 JPY, EUR=115 JPY)
|Growth:||Faster revenue growth than market growth|
|High single-digit growth in revenue|
|Profitability:||Faster profit growth than revenue growth|
|Double-digit growth in profit*|
|Adjusted EPS** 270 - 300 yen by 2021|
|Efficiency:||Maintain ROE 10%+***|
Adjusted operating income (IFRS)
Adjusted items: Intangible asset derived from acquisition, one time acquisition expense, impairment, gain/loss from sales of stocks and others
Excluding foreign currency translation adjustment balance related to the assets from acquisition included in net assets
(Notice) Among the information that Terumo discloses, the forward-looking statements including financial projections are based upon our assumptions using information available to us at the time and are not intended to be guarantees of future events or performance. Accordingly, it should be noted that actual results may differ from those forecasts on projections due to various factors. Factors affecting to actual results include, but are not limited to, changes in economic conditions surrounding Terumo, fluctuations of foreign exchange rates, and state of competition. The market share information in this press release is partly derived from our own independent research.