Fuji Electric Co Ltd (FELTF) Q3 2025 Earnings Call

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WEBVTT 00:00:01.988 -- 00:00:05.978 Good afternoon. I'm Miyoshi of the Corporate Management Planning Headquarters. 00:00:05.978 -- 00:00:10.370 Thank you for attending the third quarter results briefing for Fuji Electric. 00:00:10.370 -- 00:00:14.280 The general overview of third quarter results is that the energy and industry segments 00:00:14.280 -- 00:00:18.491 continue to drive financial results, as we discussed during the interim results briefing 00:00:18.491 -- 00:00:20.631 in October. 00:00:22.154 -- 00:00:26.338 This is a summary of consolidated financial results for the first through third quarters 00:00:26.338 -- 00:00:28.420 on a year-on-year basis. 00:00:28.420 -- 00:00:33.305 Net sales, operating profit and ordinary profit all reached record highs. 00:00:33.305 -- 00:00:37.328 Net sales were up 60 billion yen year-on-year to 851.1 00:00:37.328 -- 00:00:42.353 billion. The increase includes 4.8 billion yen of gains on translation of overseas 00:00:42.353 -- 00:00:47.959 subsidiary earnings. The increase due to the underlying growth in demand was 55.2 00:00:47.959 -- 00:00:49.762 billion yen. 00:00:49.762 -- 00:00:55.621 Operating profit was up 5.6 billion yen year-on-year to 74.0 billion yen. 00:00:55.621 -- 00:01:00.752 We will look at factors behind movement in operating profit on the next page. 00:01:00.781 -- 00:01:05.926 Ordinary profit was up 5.8 billion yen year-on-year to 74.2 billion yen, owing 00:01:05.926 -- 00:01:10.270 to Forex gains booked to non-operating gains and losses. 00:01:10.270 -- 00:01:15.195 Extraordinary gains and losses were down 16.7 billion yen year-on-year, mainly due to 00:01:15.195 -- 00:01:20.300 a 16.6 billion yen decline in gains on the sale of investment securities recorded 00:01:20.300 -- 00:01:22.522 in the previous y...