Fuji Electric Co Ltd (FELTF) Q2 2025 Earnings Call

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WEBVTT 00:00:01.364 -- 00:00:06.089 Hello everyone, once again I am Miyoshi, Corporate General Manager, Corporate Management 00:00:06.089 -- 00:00:10.594 Planning Headquarters. Thank you so much for joining us today, the first half result 00:00:10.594 -- 00:00:14.818 briefing of Fuji Electric, in spite of your busy schedule. 00:00:14.818 -- 00:00:19.803 The first half results were higher both year-on-year as well as compared to our July 00:00:19.803 -- 00:00:21.765 upward revision. 00:00:21.765 -- 00:00:26.677 Net sales, operating profit, and ordinary profit were all record highs. 00:00:26.677 -- 00:00:32.207 As we alluded in July, energy and industry were drivers for the financial performance 00:00:32.207 -- 00:00:36.494 and this trend was more obvious in the first half. 00:00:36.494 -- 00:00:43.166 This page shows the summary of consolidated financial results for the first half of FY2025 00:00:43.166 -- 00:00:46.709 compared to the last fiscal year. 00:00:46.833 -- 00:00:51.567 Net sales, operating profit and ordinary profit were record highs. 00:00:51.567 -- 00:00:54.350 Net sales were 543.2 00:00:54.350 -- 00:00:56.592 billion yen, 45.8 00:00:56.592 -- 00:00:59.234 billion yen higher year-on-year. 00:00:59.234 -- 00:01:04.259 If you look at the right-hand side for the breakdown of changes in net sales, you 00:01:04.259 -- 00:01:09.644 see a gain on translation of earnings of overseas subsidiaries of 2 billion 00:01:09.644 -- 00:01:13.107 yen, which push up net sales. 00:01:13.107 -- 00:01:18.112 Without it, net sales increase would have been 43.8 billion yen driven by 00:01:18.112 -- 00:01:20.575 demand increase. 00:01:20.575 -- 00:01:25.781 Operating profit increased by 2.4 billion yen year-on-year to 42.8 00:01:25.781 -- 00:01:31.809 billion yen. I will explain...