Ihi Corp Unsp/Adr (IHICY) Q1 2027 Earnings Call

Investor webinar replay

Replay transcript excerpt

I am Oshima in charge of the group finance and accounting at the IHI Corporation. First, I would like to express my deepest condolences to those who lost their lives in the 2026 Kumamoto earthquake and my heartfelt sympathy to all those affected. We sincerely pray for the earliest possible recovery of the affected areas and for everyone's safety and well-being. Corp Unsp The highlights of the first quarter results, orders increased in civil aero engines, a growth business, but declined overall due mainly to the absence of large energy projects booked in the previous year. For energy business, we intentionally suppress the order taking by overseas subsidiaries whose performance deteriorated in the last fiscal year. Revenue and operating profit increased driven by growth in civil aero engines and nuclear energy expansion of LCB in domestic carbon solutions and improved profitability in vehicular turbochargers. Even excluding the gain on sales of property completed in the first quarter, profit reached a record high. Next, our forecasts for fiscal year 2026. Reflecting the first quarter results in civil aero engines and property sales, we have raised our forecasts for orders, revenue, operating profit, and profit attributable to owners of parent. As a result, we expect to achieve record high profits for the full fiscal year as well. We believe we have made a very strong start toward delivering the medium to long-term growth strategy announced in May. Page 5. This slide provides an overview of the first quarter results. For reference, we also show operating profit excluding gains on property sales. As mentioned earlier, Operating profit reached a record high, even excluding gains on property sales. Also, if you look at the operating profit margin, it improved from 6.2% la...