The following is a summary of the Olympus Corporation (OLYMY) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Olympus Corporation reported an increase in revenue for FY24, with record highs achieved by the Medical Business.

• Total profit reached ¥242.6 billion with EPS of ¥200, but Operating Profit and adjusted operating profit decreased due to one-time expenses.

• For FY25, Olympus forecasts a revenue of ¥1,021 billion, a 9% YoY increase, and an Operating Profit of ¥177 billion.

• Olympus has announced a share buyback of ¥100 billion for the second consecutive year, and forecasts a profit of ¥121 billion for FY25, with an EPS of ¥106 and a dividend of ¥20 per share.

• Expenses related to the Elevate program are split, impacting operating income and accounting for as other expenses.

Business Progress:

• Olympus has implemented various initiatives to strengthen its QA/RA system, processes, and capabilities.

• The company secured clearance for RenaFlex and disclosed release plans for the Intelligent Endoscopy Ecosystem in Europe.

• Olympus is focusing on global expansion in emerging markets as a growth strategy.

• Strategic investments in existing businesses and growth opportunities are a priority, along with increasing shareholder returns.

• Elevate program's remediation activities are to conclude by the end of FY25, with a focus on gaining competitive advantage.

• Olympus plans to return to growth in China in FY25 by ramping up manufacturing.

• The company is addressing backorder issues, with a 30% improvement achieved and a further 15% expected.

• Olympus is aiming for a gross profit of 68.5% in FY25 and a near 20% adjusted operating profit margin by controlling costs.

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