SignalMacro

Japan's Terumo takes $610m hit after losing US customer for plasma device

Terumo's $610m loss from losing a US plasma device customer signals material revenue risk.

Context

What happened: Terumo said it and U.S. customer CSL Plasma ended a supply agreement for a plasma device. CSL Plasma switched to devices from elsewhere for some locations. Key numbers: Total loss of $610 million, including impairment losses. Terumo trimmed its full-year forecast. Why it matters: The break with CSL Plasma led Terumo to cut its full-year forecast, reflecting the financial impact of losing the customer.

What changed

Terumo said it and U.S. customer CSL Plasma ended a supply agreement for a plasma device. CSL Plasma switched to devices from elsewhere for some locations.

Why it matters

The break with CSL Plasma led Terumo to cut its full-year forecast, reflecting the financial impact of losing the customer.

Sources

nikkei