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The Screen · Healthcare · Medical Instruments & Supplies
Terumo Corporation
4543.T · TSE · JPY · Market cap $3.24T
Terumo Corporation engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.
Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical passes the values gate
Price2,238.00 JPY
Fair value2,449.16
Ethical score70.0/100
RatingAVOID
Our investment reviews on this name
2026-10-02Read Markdown2,238.00+0.0% to today
2026-07-30Read Markup2,199.50+1.8% to today ✓
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Terumo Corporation holds its Distribution at $2,238.00. Elevated stress, defensive posture warranted, held for 15 days.
As held on the ledger · 2026-09-18
Phase
Distribution · caution
Quantitative state
Elevated stress, defensive posture warranted, held for 15 days
Price at the screen
$2,238.00
Valuation
24.28 trailing · 21.98 forward price to earnings
Values screen
PASS· score 70.0
Beta
0.21
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
16.43%
Below 33%
Interest-bearing debt is just 16.4% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
2.81%
Below 33%
Cash held in interest-bearing accounts and securities is 2.8% of assets, under the one-third limit.
Pass
Receivables
21.43%
Below 49%
Money owed to the company is 21.4% of assets, under the 49% limit.
Pass
Revenue purity
0.55%
Below 5%
Only 0.6% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Clears, in Plain English
Terumo clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 16%, inside the ~33% line, and almost none of its income is interest, so it passes.
Read as at 2026-10-04. It updates when the underlying figures move, and past reads are kept below.
What the Numbers Say It Is Worth
The Fair Value Range
Our framework reads AVOID: it trades at roughly a 9% discount to our $2,449.16 fair value, 13.80% revenue growth.
Fair value range in JPY, drawn from the 2026-09-18 screen. The gold marker is the market price at the same screen. A 9.4% margin of safety to the base estimate.
Third-party analyst targets: 13 covering, consensus Buy. The average target sits +39% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-18 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Why it gives us pause
At 22.0x forward earnings, the price already runs ahead of the business. Our fair value sits at $2,449.16, below where it trades today.
The risks · The things to watch: its business and earnings are exposed to Japan and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
4543.T trades on TSE (the company is based in Japan). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The framework has shifted from markup to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 1.8% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Over the past year the shares are down 11%. Our forward projection puts the odds of a 10% gain over the next month near 17%. The street (13 analysts) rates it buy, with a mean price target of $2897.
2026-09-05Markup$2,199.50+0.0%Entry 14
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Over the past year the shares are down 11%. Our forward projection puts the odds of a 10% gain over the next month near 17%. The street (13 analysts) rates it buy, with a mean price target of $2897.
2026-08-06Markup$2,199.50+0.0%Entry 13
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Over the past year the shares are down 11%. Our forward projection puts the odds of a 10% gain over the next month near 17%. The street (13 analysts) rates it buy, with a mean price target of $2897. It reported earnings in this window, a natural checkpoint for the thesis.
2026-08-05Markup$2,199.50+0.0%Entry 12
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Over the past year the shares are down 11%. Our forward projection puts the odds of a 10% gain over the next month near 17%. The street (13 analysts) rates it buy, with a mean price target of $2897. It reported earnings in this window, a natural checkpoint for the thesis.
2026-08-04Markup$2,199.50+0.0%Entry 11
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Over the past year the shares are down 11%. Our forward projection puts the odds of a 10% gain over the next month near 17%. The street (13 analysts) rates it buy, with a mean price target of $2897. It reported earnings in this window, a natural checkpoint for the thesis.
2026-08-03Markup$2,199.50+0.0%Entry 10
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Over the past year the shares are down 11%. Our forward projection puts the odds of a 10% gain over the next month near 17%. The street (13 analysts) rates it buy, with a mean price target of $2897. It reported earnings in this window, a natural checkpoint for the thesis.
2026-08-02Markup$2,199.50+0.0%Entry 9
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Over the past year the shares are down 11%. Our forward projection puts the odds of a 10% gain over the next month near 17%. The street (13 analysts) rates it buy, with a mean price target of $2897. It reported earnings in this window, a natural checkpoint for the thesis.
2026-08-01Markup$2,199.50+0.0%Entry 8
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Over the past year the shares are down 11%. Our forward projection puts the odds of a 10% gain over the next month near 17%. The street (13 analysts) rates it buy, with a mean price target of $2897. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-31Markup$2,199.50+0.0%Entry 7
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Over the past year the shares are down 11%. Our forward projection puts the odds of a 10% gain over the next month near 17%. The street (13 analysts) rates it buy, with a mean price target of $2897. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-30Markup$2,199.50+0.0%Entry 6
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Over the past year the shares are down 11%. Our forward projection puts the odds of a 10% gain over the next month near 17%. The street (13 analysts) rates it buy, with a mean price target of $2897. It reported earnings in this window, a natural checkpoint for the thesis.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
What Holding Actually Paid · Price Plus Dividends
If $1,000 had been placed · historical, not a promise
Period
Price then
Price return
Divs per share
$1,000 became
Total return
1 month
$1,957.00
+18.0%
·
$1,180
+18.0%
2 months
$2,139.00
+7.9%
·
$1,079
+7.9%
3 months
$2,030.11
+13.7%
$15.00
$1,144
+14.4%
6 months
$2,296.23
+0.5%
$15.00
$1,012
+1.2%
1 year
$2,607.33
-11.5%
$30.00
$897
-10.3%
2 years
$2,659.15
-13.2%
$56.00
$889
-11.1%
3 years
$2,146.26
+7.6%
$78.00
$1,112
+11.2%
5 years
$2,127.93
+8.5%
$115.00
$1,139
+13.9%
Historical returns from market close data. Past performance does not guarantee future results.
The Ledger's Promise
This entry now belongs to the ledger. Whatever 4543.T does next, these words stay.
Terumo Corporation · 4543.T · Distribution · $2,238.00
Recorded 2026-09-18 · before the outcome · scored mechanically