Fuji Electric Co Ltd (FELTF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I am Miyoshi of Corporate Management Planning Headquarters. I understand that today, several companies in the electric sector are holding earnings briefings at the same time, so we appreciate deeply your participation in our company's briefing. Unfortunately, there are some who are unable to join us, so we will do our best to provide a detailed explanation of the financial results as much as possible, so that even those who cannot participate in the Q&A session will be able to have a good understanding of the results. Today, the heads of each business segment are also in attendance. We would appreciate any questions or comments you may have in the limited time we have with you today. Overall, the first quarter financial results were driven by both the energy and industry segments, with net sales and operating profit exceeding the previous year's figures, setting new record highs. We have been consistently explaining to investors that we are a power electronics company. The first quarter results demonstrate that we are close to achieving this vision. Now allow me to provide an overview of the results. This is a summary of the consolidated financial results for the first quarter of fiscal year 2025. Net sales and operating profit reached new record highs despite the appreciation of the yen from the previous year. net sales increased by 11.5 billion yen to 247.9 billion yen year-on-year, which includes a negative foreign exchange translation difference of 4.5 billion yen from earnings of overseas subsidiaries. So in real demand basis, it was up 16.1 billion yen. Operating profit increased by 800 million yen to 18.1 billion yen year-on-year, with an operating profit ratio of 7.3% and change from the previous year. An analysis of operating profit will be discussed on the ...