Fuji Electric Co Ltd (FELTF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone, I am Miyoshi, Head of Corporate Planning. Thank you very much for taking time out of your busy schedules to attend your financial results briefing today. Before I begin explaining the financial results, I would like to address two points. First, on July 14th, We underwent an on-site inspection by the Japan Fair Trade Commission regarding transactions with a specific customer involving freezer and refrigerated equipments due to suspected violations of Anti-Monopoly Act. We take this matter very seriously and are fully cooperating with the investigation and taking appropriate measures. We deeply apologize for the considerable concern and inconvenience this has caused to our business partners and all other stakeholders. Second, I would like to address the Kumamoto earthquake that occurred on the 28th. We express our deepest condolences to those who lost their lives and extend our heartfelt sympathies to all those affected by the disaster. With aftershocks continuing amidst the intense heat, many people are living in a state of anxiety. We pray for the safety of everyone in the affected areas and for a swift recovery. We have many business partners in these regions. We will, of course, provide support to those partners and strive to offer as much assistance as possible. Now, I would like to present the consolidated financial results for the first quarter of FY2026. Net sales, operating profit, and profit attributable to owners or parent all recorded historical highs for the company, led by strong performance by the energy and industry segments. Please refer to the presentation material provided. I would like to start from page 5, a summary of consolidated financial results in 3 months ended June 30, 2026, showing a year-on-year comparison. Net sales incre...