Ihi Corp Unsp/Adr (IHICY) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, I'm Hiromi Oshima, Executive Officer in charge of Group Finance and Accounting at IHI. We will now present an overview of our financial results for the third quarter of fiscal year 2025. The upper section shows the highlights for the third quarter fiscal year 2025. Orders achieved ¥1,364.8 billion, a record high for Q3 driven by expanding demand in the nuclear energy and other areas. Revenue decreased from the previous fiscal year to ¥1,129.3 billion due to rebounding from the progress of large projects in the previous year and the impact of business divestitures including material handling system. Operating profit was 102.5 billion yen, remained at the same level as the previous year. Although revenue declined, we maintained the same level of profit as the previous fiscal year which had achieved a record high. In addition, due to improvements in equity method investment income including from Japan Marine United and others, profit attributable to owners of parent for the third quarter reached a record high. The lower section shows forecasts of FY2025. As demand continues to expand in the nuclear energy and other businesses in energy business, we are revising our order forecast upward by ¥90 billion. This fiscal year is the final year of our medium-term management plan. As I will explain later, while accelerating structural reforms, we expect to achieve record highs in orders, revenue, operating profit, and profit attributable to owners of parent. We will firmly complete the structural reforms this year to prepare for the next fiscal year and beyond. This page shows a detailed overview of our third quarter results. Please take a look later. Here we present year-on-year changes by reporting segment. In the top right, orders. As mentioned earlier, orders continue to...