# Terumo vs Olympus vs Nipro vs Sysmex

> Unit: JPY millions (ratios in %)
> Periods: Terumo = FY ending Mar 2026, consolidated, IFRS / Olympus = FY ending Mar 2026, consolidated, IFRS / Nipro = FY ending Mar 2026, consolidated, J-GAAP / Sysmex = FY ending Mar 2026, consolidated, IFRS
> Retrieved: 2026-09-30T22:32:16.848Z

| Metric | Terumo | Olympus | Nipro | Sysmex |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 1,131,877 | 1,010,676 | 660,538 | 500,006 |
| Operating income | 176,320 | 97,120 | 37,624 | 51,831 |
| Net income | 135,914 | 68,172 | 13,504 | 35,457 |
| COGS ratio | 47.5% | 35.3% | 68.5% | 48.9% |
| Operating margin | 15.6% | 9.6% | 5.7% | 10.4% |
| Net margin | 12.0% | 6.7% | 2.0% | 7.1% |
| FCF margin | 11.4% | 1.8% | -1.2% | 4.6% |
| Period | FY ending Mar 2026 | FY ending Mar 2026 | FY ending Mar 2026 | FY ending Mar 2026 |
| Source | S100YGMG | S100YDN3 | S100YJLK | S100YFAW |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Terumo | Olympus | Nipro | Sysmex |
| --- | ---: | ---: | ---: | ---: |
| Revenue growth | 80.3 (38 peers) | 53.9 (38 peers) | 64.5 (38 peers) | 75 (38 peers) |
| Profitability | 67.9 (39 peers) | 39.7 (39 peers) | 21.8 (39 peers) | 44.9 (39 peers) |
| Cash conversion | 75 (38 peers) | 51.3 (38 peers) | 90.8 (38 peers) | 88.2 (38 peers) |
| Efficiency | 24.4 (39 peers) | 55.1 (39 peers) | 29.5 (39 peers) | 67.9 (39 peers) |
| Financial strength | — | — | — | — |

## Company details

- https://vizora.meequs.com/en/company/terumo/md
- https://vizora.meequs.com/en/company/olympus/md
- https://vizora.meequs.com/en/company/nipro/md
- https://vizora.meequs.com/en/company/sysmex/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).