Fuji Electric Co Ltd (FELTF) Q3 2024 Earnings Call

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WEBVTT 00:00:01.330 -- 00:00:07.220 Good afternoon. I am Arai, in charge of Corporate Management Planning Headquarters. 00:00:07.220 -- 00:00:11.928 I would like to explain the consolidated financial results for the third quarter fiscal 00:00:11.928 -- 00:00:14.109 year 2024. 00:00:14.212 -- 00:00:19.501 Please turn to page 4 for the financial results in the nine-month period ended December 00:00:19.501 -- 00:00:21.264 31, 2024, 00:00:21.264 -- 00:00:24.927 an year-on-year comparison. 00:00:25.158 -- 00:00:30.403 Thanks to all of you, net sales, operating profit, ordinary profit, and profit 00:00:30.403 -- 00:00:36.870 attributable to owners or parent all recorded historical highs for the company. 00:00:36.870 -- 00:00:42.135 Net sales increased by 31.4 billion yen year-on-year 00:00:42.135 -- 00:00:47.321 to 791.1 billion yen. Excluding the FX impact coming from yen 00:00:47.321 -- 00:00:48.762 depreciation, 00:00:48.762 -- 00:00:54.515 it was up 17.9 billion yen. Operating profit increased 10.8 00:00:54.515 -- 00:00:56.981 billion yen to 68.4 00:00:56.981 -- 00:01:02.754 billion yen and operating profit ratio was up 1.1% year-on-year 00:01:02.754 -- 00:01:05.657 to 8.7%. In 00:01:06.182 -- 00:01:10.949 absolute value, it was up approximately 19% year-on-year. 00:01:11.682 -- 00:01:16.832 As for non-operating profit, it increased by 1 billion yen, mainly due to 00:01:16.832 -- 00:01:22.022 net interest expense, as we made investment in factory in Malaysia in FY 00:01:22.022 -- 00:01:23.726 2024, 00:01:23.726 -- 00:01:27.970 using loans denominated in US dollars. 00:01:28.338 -- 00:01:33.723 This resulted in net interest expense of minus 1.3 billion yen, foreign 00:01:33.723 -- 00:01:38.748 exchange loss of 400 million yen, and others, many comprising of cost 00:01:3...