Ftac Olympus Acquisition Corp. (FTOC) 10-K Annual Report Fri Mar 19 2021. So Im Kawano from ESD, I was asked -- actually answer your question. Sorry for asking another stupid question. So, currently, in terms of the supply of semiconductors, that is a huge challenge globally and our procurement division is doing their best to procure the components and parts. Kuramoto now will explain. West Palm Beach, FL 33401. olympusat.com. And I think this can be said overall for our business, but towards Q4 there is a trend of that the expense is going to increase even in TSD, but when we come to the end of the year and close the books, this will -- so we basically we will be looking at operating of quarter -- quarter by quarter so that we can achieve forecasts. Next, I would like to explain about a full year forecast for fiscal year 2022. With the successful transformation of Olympus since 2019, we have become a global medtech leader. But in terms of number of units, as was mentioned earlier, the situation varies from country-to-country and also the Delta strain. Thank you very much for asking. Currently, you are using a shared account. Official Social Media Accounts Terms of Use, Investor Relations and Company Announcements, Corporate Philosophy and Management Policy, Articles of Incorporation and Share Handling Regulations, Financial Results(Tanshin) for the Fiscal Year Ended March 31, 2022, Presentation including Q&A Streaming Video, Financial Results (Tanshin) for the Nine Months of the Fiscal Year Ending March 31, 2022, Financial Data for the 3rd Quarter of FY2022, Presentation including Q&A Streaming Audio, Financial Results (Tanshin) for the Six Months of the Fiscal Year Ending March 31, 2022, Financial Data for the 2nd Quarter of FY2022, Financial Results (Tanshin) for the Three Months of the Fiscal Year Ending March 31, 2022, Financial Data for the 1st Quarter of FY2022. It was a program issue. Well, thats really hard to say. So I work from Japan and I think we can leverage that as a benefit. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. And also the question from Macquarie, about the number of employees for TSD/ESD, we would like to get back to you on that later. Merger and acquisition momentum is expected to stay strong via the Olympus business development function, which drove significant acquisitions over the past 2 years. So we are -- this is homework for us. Thats what we think. Yes. So, again, let me get back to you later. Hoya [ph], in terms of the semiconductor procurement, the endoscope processors supply, there is a risk as Hoya has explained about the situation, what is about -- Olympus about, how this take the situation? Figures from fiscal 2012 to 2016 were calculated based on the Japanese GAAP. For ESD and TSD, are you seeing the local players gaining the market share, winning the market share from you and I think you have made the upward revision to both ESD and TSD on a full year basis -- on a company wide basis? This is a product pipeline for ESD. So in the remaining nine months, so the extraordinary losses will contribute. TOKYO and CENTER VALLEY, Pa. December 7, 2021 Olympus Corporation has clarified the direction of its medical business with the aim of achieving further growth and profitability by elevating the standard of care in targeted disease states. The ideal entry-level account for individual users. Thank you for your clarification. In other words, the procedures increasing a number and also the budgets are being implemented for the capital products. So a follow up question. And Im wondering whether China is one sector for the revision. So we have acquired a company called Medi-Tate and with this, so there is a 2.8 billion of gains from a phase acquisition game. To facilitate a better understanding of business conditions, we have been enhancing disclosures on our product pipeline and others since last fiscal year. Actual business and other results may differ substantially due to various factors. That was true back in May and also back in February, I dont think I said that there are uncertainties regarding the actual timing of the shipment. Medical business revenue is expected to reach a record high for fiscal year 2022. PDF THE WALT DISNEY COMPANY REPORTS FOURTH QUARTER and FULL YEAR EARNINGS Yes. Thats a follow up. So one follow up question. Regarding VISERA ELITE II surgical endoscopy system, we will actively promote 3D/IR system through demonstrations in North America to further expand sales. In some countries, they already back in the pre-COVID-19 state and others no. Revenue was revised by 24 billion and operating profit by 14 billion. Based on this agreement, all shares of Evident will be transferred . No, the biggest factor is the Buy China policy. Regarding China like ESD, the Buy China policy is having an impact, especially the bronchoscope, which has a high profit margin within TSD. So this is a very simple question. First, the ESD, Endoscopic Solutions Division, revenue totaled 100 billion, up 35% compared with the same period of the previous year, which was heavily impacted by COVID-19, revenue grew significantly across all sub-segments on market recovery. That is mainly led by the United States. But we only got 40% of your question, 60% the connection was choppy. So can you give us some color qualitative information about that? And this is nothing new. Its been talked about for some time. Aging populations worldwide face increasing levels of chronic disease that present unmet needs matching Olympus competitive strengths, as well as opportunities to continue providing solutions for colorectal cancer, benign prostatic hyperplasia, urological stone disease, urinary disease, and lung cancer. Olympus new direction comes on the back of strong half-year figures, including a record operating profit margin of 18.5% and strong year-on-year growth of 31%, as announced on November 5. Maybe there was miscommunication. Thank you. So the overseas TSD decline employees is the intentional, is it going to continue to decline, let me confirm? Entering text into the input field will update the search result below. Previously, we shared business division based information such as growth rate and qualitative information with a focus on ESD and TSD. So what about Q2? So the assumptions, the market has not changed from initial outlook. So there are no major factors that will push up the operating profit according to our plan currently. Albemarle Corporation - Financials - Annual Reports So, as far as I can answer, I would like to, so this is Kawano from ESD. Since the latter half of last fiscal year, we are seeing the year-on-year improvement, continuing, especially with the less impact of COVID-19. In the first quarter, we recognize the impairment loss in relation to the equity message subsidiary, the affiliates. But the sales promotion and travel expenses increased in a much smaller rate. But even putting this aside, in terms of the numbers compared to the past, have been able to achieve a high level of margin. So there are some uncertainties and we believe that is one of the reasons why the growth rate is kept art single digits. First, restore revenue respecting the market recovery revenue grew significantly by over 40% driven by Medical. Revenue increase and the COGS ratio improvement, and as mentioned earlier, we have a very strict cost control measures being implemented. Kuramoto from TSD. So Medi-Tate, before we acquired them, we had 18% to 19% of equity in Medi-Tate. So the TSD growth in the first quarter, maybe is not as strong as youre expecting. So by each region, each client from the second quarter onwards, in terms of, how the sales is going to grow, meaning that the market -- I mean by the market outlook and the new product acceptance situation or, no, no, you actually have new products. So in terms of the thulium laser, is this, in that in itself, a benefit of what you do or you have some clinical data about that, can you elaborate about that point? I like to give you the review of the financial results for the first quarter, as well as a full year forecast. The Buy China policy, obviously that have been mentioned several times. Olympus will concentrate on a care pathway oriented approach, procedural optimization, and next-generation solutions development. "Revenue of Olympus Corporation from fiscal year 2012 to 2021 (in billion Japanese yen)." Olympus Events | Olympus America | Medical So, in terms of the -- how the expense is going to come out by each quarter is different? So, it was also with the conventional model that we would like to sell this model into China and we will like by doing so, we will then maintain the double-digit growth of sales that we have been able to have. So it was based on that assumption that we put together our forecasts three months ago. So, for instance, shorter treatment time and no blocking the view, so that bring the benefit of this product. But simply put, multiplied by 4 or larger is the full year forecast that we have, compared to the first quarter. In ESD as you aware, basically its the capital business. However, we believe that expanding sales of EVIS X1 will help us achieve revised forecasts. So in terms of -- during the first quarter, so you have this phased acquisition profit, but I think basically has these external factors, but on the basis is zero. 31, 2021. So, yes, this is Kuramoto speaking. So I guess a full year, I think the trend is reversed for the first quarter. So there are some individual factors that I can point out, but overall, in the following nine months, in the -- up until the SG&A line, well be seeing improvement. So it was Gabriela, I feel quite comfortable well working with her. So, overall, in accordance with the upward revision, we are asking our Chinese business people to make efforts so as to increase their sales as well. As a result, cash and cash equivalents as of June 30, 2021 stood at 168.7 billion, a decrease of 102 billion. So relatively speaking, for q1, the growth rate appears to be low. In GI endoscope revenue grew across the region with notable strengths in Japan, Europe and North America. So the question is whether the momentum that we saw in Q1 could be sustained in Q2, Q3, Q4. Stories Back to the main menu Stories. If thats true, one thing about endoscope business may be some upside, but fundamentally, no changes this year. Despite an increase in expenses due to relaxation of restrictions on sales activities, the operating margin improved substantially due to significant sales increase, coupled with ongoing cost control, as well as a gain of 2.8 billion in other income associated with the phased acquisition of Medi-Tate. Shape the future by investing in new ways to enhance the standard of care. Increase preventative maintenance frequency from annual to 6 months. What is your projection for Q2 compared to Q1? Mainly our ESD is where we made the upward revision and majority, although, were not disclosing that far, mostly in relation to GI endoscopy, the GI business unit. Half Year 2022 Financial Report. So, if your BPH increases, I think, the margin will still be quite high. So, its only three months plus that we have been working this way. Thank you very much for attending this conference call. This is rather low when we think of the increase in procedures. Please turn to slide three. Thank you. Firstly, I would like to highlight some of the initiatives we are pursuing to become a truly global medtech company. Could you give us the breakdown, like, what is the foreign exchange? Yes. Just one more clarification, about the SG&A expenses that increased in the first quarter. So naturally, without any explicitly, there is a kind of division role. So is that okay with you about this question? So I entered the conference in the middle, so maybe some person ask the same question. Id like to focus on China, looking at the supplementary material, page four, on the local currency basis the region-by-region results, for ESD China first quarter 8% increase year-on-year TSD plus 1%. Performance was particularly strong in North America, where the number of procedures has returned to pre-pandemic levels, led by resection electrodes for Benign Prostatic Hyperplasia and SOLTIVE SuperPulsed Laser System, a lithotripsy solution for urinary stones. In terms of the ESD products for endoscope, of course, there are Chinese manufacturers of endoscope, but the doctors prefer Japanese brands, including Olympus. Sorry, I will give you some misinformation. About Olympus. The equity ratio rose 1.7 percentage points to 35% from the end of March due to a decline in interest-bearing debt. Back in May, I think, you said that you were taking a cautious view because you werent sure if the shipments could be made or not. This is Kuramoto from TSD. But from the mid-to-late July, the shipments were made, the schedule itself, although, it was not included in communication with you, but it was in line -- nearly in line with the assumption that we use in our previous forecasts. Revenue of Olympus Corporation from fiscal year 2012 to 2021 (in billion Japanese yen) [Graph]. Now in my response to earlier to similar question, theres something that I forgot to mention. While there are no major changes from the previous quarter in response to relaxation of restrictions of sales activities, as well as resumption of EDOF scope shipments, we will focus on expanding sales of EVIS X1 in Europe, Japan and some parts of Asia, where we have already launched the product. 7733.JP | Olympus Corp. Financial Statements - WSJ Investor Relations : Hitachi Good evening. The market itself is not slowing down significantly. Note: Revenues for privately held companies are statistical evaluations. For the first quarter, ESD plus 9% and TSD plus 8%, I think you have explained in that manner. Olympus Corp Financial Report Information - GlobalData Free cash flow remained positive if the expenditures for the reversal of provision for the career support for external opportunity program and for the acquisition of Medi-Tate are added back. Fourth quarter and full year 2021 results. So in terms of the TSD we have the manufacturing site in Almaty, in terms of the bronchoscope is in Issa [ph]. In China, the market, once the market recovers, then the market sales will increase as well. Latest IR Materials Download The companys innovation pipeline includes plans to optimize its endoscope line through complementary single-use scopes; integrate computer-assisted diagnosis, cloud, and endoscopy workflow management technologies; and explore endoluminal therapy breakthroughs. Generally speaking, there is a special fester amounting to 2.8 billion, but excluding that it fits within the figure mentioned. But situation varies from country-to-country. This is Kuramoto from TSD. Compared with pre-pandemic fiscal year 2020, these forecasts represent 10% growth in revenue, 52% growth in operating profit and a 4.7% points improvement in operating margin. So in terms of initially, I thought that maybe we should divide the role. Consider transitioning from TJF-Q180V to a next generation duodenoscope through the Olympus incentive program. So compared to two years ago, how much has this grown? Evident to accelerate its growth and innovation Tokyo, August 29, 2022 - Olympus Corporation ("Olympus") and EVIDENT Co., Ltd. ("Evident"), a wholly-owned subsidiary of Olympus, announced today that Olympus concluded a definitive agreement with Bain Capital Private Equity, LP ("Bain Capital"), regarding the transfer of Evident. So, you have Japanese, right, and we have two people who assume a foreign people. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. But rather it is more generic condition warranting an upside? September 30, 2022. So what has been the driver of the improvement of the Urology? Revenue of Olympus Corporation from fiscal year. I may be the right person to look over that, because I physically work here. So those factors combined are improving the profitability is all I can say. Enable Olympus to compete even more effectively on a global scale. As a Premium user you get access to background information and details about the release of this statistic. Please note that these represent record highs for all line. So let us get back to you later and move on. Discover details on Olympus Corp's annual and quarterly financial performance covering key metrics like revenue, net income, growth ratios, equity ratios, profitability ratios, cost ratios . So, in the ensuing presentation, when we compared to the results of fiscal year ending March 2020, they are based on the managerial basis for your information, so please keep that in mind when you compare the figures. Can you talk about that? [Online]. Ftac Olympus Acquisition Corp. (FTOC) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020. And increase from 12% to 18%, is it because the revenue increase and transform Olympus initiative effect and others, but if you look at those different factors, how much coming from what? Other medical areas will remain important business components and support Olympus goal of striving for greater profitability, contributing to the company-wide goal of at least 5-6% annual growth and an operating profit margin of 20% or higher. Please turn to slide five. Of course, in some of the hospitals, they are placing orders ahead of others, we do see that, but on a limited level. Financial position as of June 30th, goodwill and intangible assets increased due to the acquisition of Medi-Tate and others. Good afternoon. Since 2019, Olympus has completed the sale of its Imaging business and announced the impending transition of its Scientific Solutions business into a newly established, wholly owned subsidiary. Fiscal Year Ended Mar. 31, 2021 : Financial Results : OLYMPUS So in terms of thulium laser, the number one in the world. Additionally, the new Olympus wholly owned corporate venture capital fund will prioritize early-stage investments and aim to stimulate next-generation innovations. So in this forecast -- in our forecast, this phase -- the acquisition gains are those type major factors are not reflected. So, yes, result of -- so it is a laser that absorbs the water wavelength. In, Olympus. The medtech leaders approach involves greater focus on gastrointestinal, urological, and respiratory care solutions for chronic diseases that will increasingly impact the global population, as well as more focused investment in next-generation technologies that will enhance patient care pathways. So, Japan, Europe and Asia for these markets, the -- including the EDOF scope, the EVIS X1 sales is going to proceed as planned, so in these three regions, as I see overall, we hope that these will be drivers. I would like to respond to the earlier question. Olympus will focus on the disease states where it can maximize its positive impact, including those targeted by its Gastrointestinal, Urology, and Respiratory business areas. So 18% since the latter half of last fiscal year, is that sustainable, is the first part of my question? I think this year will be the market that we will struggle the most, because not just that has explained about the previously, because there were new products, and unfortunately, this year, were going to launch new products this year. So 2018, 2019, the sales were around 210 billion and operating margin was 12%, but at this time, to exclude the restatement, 250 billion, no, 230 billion sales revenue. I have been working with him very closely. Olympus. What is the assumption that you have for different regions? And for TSD, similar trend, so no additional information. So I think there is no kind of debate in terms of who is going to preside over what and I think this co-head system is working very smoothly. Slide seven, a look at details of each business segment. So there are Koga-san, Kuramoto-san, who basically focused on Japan and theres some heads that focus on overseas markets. That is what youre saying? And what took time was the documentation and other matters. So, can you talk about the reason why the revenue growth for ESD and GST in China is kept at single-digit? But again situation varies from province-to-province and also depending on the price category. I will -- actually I will get back to you later. Olympus Corporation (OCPNY) Q1 2022 Results - Seeking Alpha statistic alerts) please log in with your personal account. Urology achieved significant growth, driven by North America and Europe, where the number of procedures has recovered. 100 Japanese yen equal 0.74 U.S. dollars or 0.70 euros as of December 2022. And of course, in terms of scope, there are some new products. So 9% of growth compared to March 2020 seems to be quite strong. I think that was a bit of a surprise to me. Other than that, there are no special factors to note. For FY 2020, the figures are not restated. So, yeah, [ph] we have introduced that. Thank you. Starting from this fiscal year, we will provide additional information on each sub-segment of the three business divisions. Fiscal Year Ended Mar. And the question is whether this is sustainable or not? We will also aim to launch it in regions where we havent launched yet. For example, for ESD, there are policies to enhance endoscopy. So ESD and TSD have co-head. 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