Sysmex Corporation (SSMXY) Q1 2026 Earnings Call Transcript

2025-08-07 05:17:00 ET

Sysmex Corporation (SSMXY)

Q1 2026 Earnings Conference Call

August 6, 2025, 3:00 AM ET

Company Participants

Kaoru Asano - President & Representative Director

Kensuke Iizuka - Corporate Participant

Takuro Minami - Corporate Participant

Conference Call Participants

Masao Yoshida - Ichiyoshi Research Institute Inc.

Naoko Saito - JPMorgan Chase & Co, Research Division

Ryotaro Hayashi - Morgan Stanley, Research Division

South - Unidentified Company

Takahiro Mori - Mizuho Securities Co., Ltd., Research Division

Presentation

Kaoru Asano

This is Asano from Sysmex. Thank you, as always, for your continued support.

We have just announced our financial results for Q1 FY2026. Revenue declined and profit dropped significantly YoY, and we apologize for any concern this may cause. However, this does not indicate a deterioration in our business performance; rather, it is due to special factors that occurred during Q1. I will first explain these special factors and give an overview of our business status. More details will follow from Iizuka. The first special factor is the impact of switching our core internal systems.

Our long-standing investment in digitalization was completed at the end of last fiscal year, and the system went fully live globally in July. Since the system covered a wide range of operations, including production, logistics, and order processing (SCM), we took great care in the transition to avoid any disruptions or stockouts that could hinder hospital operations.

We designated the month of July as a system transition period, during which we restricted order intake and carefully migrated to the new system. At the same time, we asked our customers to build up inventory toward the end of the previous fiscal year. As a result, revenue in Japan in April dropped significantly....

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