<p>由于 <strong>泰尔茂 (ADR)</strong>（东京证券交易所代码：4543）最近的财报，该股票表现疲软。尽管财报的主要数字表现良好，但我们认为投资者仍有一些乐观的理由。</p>
<p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/875522-earnings-and-revenue-history-1-dark-2/1763680665295?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/875522-earnings-and-revenue-history-1-dark-2/1763680665295"/></p>
<p>东京证券交易所：4543 财报和收入历史 2025 年 11 月 20 日</p>
<h2>非常规项目如何影响利润？</h2>
<p>重要的是，我们的数据表明，泰尔茂的利润因非常规项目在过去一年减少了 250 亿日元。虽然由于非常规项目的扣除在第一时间令人失望，但也有一线希望。我们查看了数千家上市公司，发现非常规项目通常是一次性的。而且，毕竟，这正是会计术语所暗示的。如果泰尔茂不再出现这些非常规支出，那么在其他条件相同的情况下，我们预计其利润在未来一年将会增加。</p>
<p>这可能会让你想知道分析师对未来盈利能力的预测。幸运的是，你可以点击这里查看基于他们估计的未来盈利能力的互动图表。</p>
<h2>我们对泰尔茂利润表现的看法</h2>
<p>非常规项目（支出）在过去一年削弱了泰尔茂的收益，但我们可能会在明年看到改善。基于这一观察，我们认为泰尔茂的法定利润实际上低估了其盈利潜力！此外，其每股收益在过去三年中以每年 69% 的速度增长。当然，我们在分析其收益时仅仅是刚刚开始；还可以考虑利润率、预测增长和投资回报等其他因素。最终，本文基于历史数据形成了一个观点。然而，考虑分析师对未来的预测也是很有意义的。因此，欢迎查看我们代表分析师预测的免费图表。</p>
<p>今天我们聚焦于一个单一的数据点，以更好地理解泰尔茂的利润性质。但还有很多其他方式可以帮助你形成对公司的看法。有些人认为高股本回报率是优质企业的良好标志。虽然这可能需要你进行一些研究，但你可能会发现这份 <strong>免费</strong> 的高股本回报率公司集合，或者这份拥有显著内部持股的股票清单会对你有所帮助。</p>

泰尔茂(ADR)

4543

<p>泰尔茂 (ADR)（东京证券交易所代码：4543）最近的财报显示，由于 250 亿日元的异常支出，利润有所减少。尽管如此，该公司的每股收益在过去三年中年增长了 69%。分析师对未来的盈利能力持乐观态度，前提是这些一次性支出不会再次出现。投资者被鼓励考虑其他因素，如利润率、预测增长和投资回报，以进行全面分析</p>

<p>The stock was sluggish on the back of <strong>Terumo Corporation's</strong> (TSE:4543) recent earnings report. Along with the solid headline numbers, we think that investors have some reasons for optimism.</p>
<div class="lb-trans"><p>由于 <strong>泰尔茂 (ADR)</strong>（东京证券交易所代码：4543）最近的财报，该股票表现疲软。尽管财报的主要数字表现良好，但我们认为投资者仍有一些乐观的理由。</p>
</div><p>This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.</p>
<div class="lb-trans"><p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/875522-earnings-and-revenue-history-1-dark-2/1763680665295" alt="" original-src="https://images.simplywall.st/asset/chart/875522-earnings-and-revenue-history-1-dark-2/1763680665295"/></p>
<p>TSE:4543 Earnings and Revenue History November 20th 2025</p>
<div class="lb-trans"><p>东京证券交易所：4543 财报和收入历史 2025 年 11 月 20 日</p>
</div><h2>How Do Unusual Items Influence Profit?</h2>
<div class="lb-trans"><h2>非常规项目如何影响利润？</h2>
</div><p>Importantly, our data indicates that Terumo's profit was reduced by JP¥25b, due to unusual items, over the last year. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And, after all, that's exactly what the accounting terminology implies. If Terumo doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year.</p>
<div class="lb-trans"><p>重要的是，我们的数据表明，泰尔茂的利润因非常规项目在过去一年减少了 250 亿日元。虽然由于非常规项目的扣除在第一时间令人失望，但也有一线希望。我们查看了数千家上市公司，发现非常规项目通常是一次性的。而且，毕竟，这正是会计术语所暗示的。如果泰尔茂不再出现这些非常规支出，那么在其他条件相同的情况下，我们预计其利润在未来一年将会增加。</p>
</div><p>That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.</p>
<div class="lb-trans"><p>这可能会让你想知道分析师对未来盈利能力的预测。幸运的是，你可以点击这里查看基于他们估计的未来盈利能力的互动图表。</p>
</div><h2>Our Take On Terumo's Profit Performance</h2>
<div class="lb-trans"><h2>我们对泰尔茂利润表现的看法</h2>
</div><p>Unusual items (expenses) detracted from Terumo's earnings over the last year, but we might see an improvement next year. Based on this observation, we consider it likely that Terumo's statutory profit actually understates its earnings potential! And on top of that, its earnings per share have grown at 69% per year over the last three years. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. Ultimately, this article has formed an opinion based on historical data. However, it can also be great to think about what analysts are forecasting for the future. So feel free to check out our free graph representing analyst forecasts.</p>
<div class="lb-trans"><p>非常规项目（支出）在过去一年削弱了泰尔茂的收益，但我们可能会在明年看到改善。基于这一观察，我们认为泰尔茂的法定利润实际上低估了其盈利潜力！此外，其每股收益在过去三年中以每年 69% 的速度增长。当然，我们在分析其收益时仅仅是刚刚开始；还可以考虑利润率、预测增长和投资回报等其他因素。最终，本文基于历史数据形成了一个观点。然而，考虑分析师对未来的预测也是很有意义的。因此，欢迎查看我们代表分析师预测的免费图表。</p>
</div><p>Today we've zoomed in on a single data point to better understand the nature of Terumo's profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this <strong>free</strong> collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful.</p>
<div class="lb-trans"><p>今天我们聚焦于一个单一的数据点，以更好地理解泰尔茂的利润性质。但还有很多其他方式可以帮助你形成对公司的看法。有些人认为高股本回报率是优质企业的良好标志。虽然这可能需要你进行一些研究，但你可能会发现这份 <strong>免费</strong> 的高股本回报率公司集合，或者这份拥有显著内部持股的股票清单会对你有所帮助。</p>
</div>

我们认为泰尔茂（TSE:4543）的稳健收益可能显得保守