Ihi Corp Unsp/Adr (IHICY) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

I am Hiroshi Ide, President and Chief Executive Officer. Thank you very much for joining today's earnings briefing despite your busy schedules. Today, I'd like to explain our medium to longer term direction looking ahead to 2040 and the roadmap toward medium to longer term. First, let me explain our medium to longer term direction. In 2020, demand for civil oil engines declined sharply as a result of COVID-19. and at that time we launched a three-year plan under the name Project Change. Through this initiative, we worked to strengthen lifecycle business and our cost structure. Since then, under the three-year Group Management Policies 2023 through fiscal year 2025, we have especially advanced profitability improvements and business portfolio reform and have been preparing for future growth. Since 2020, by the way, I became the president in 2020, we have implemented various initiatives such as portfolio reform, strengthening our financial base, and structural reforms. Basically, we've been working on these initiatives on roughly a three-year time horizon, while adjusting the direction in response to changing circumstances while monitoring our progress along the way. It has been a little bit more than six years since then. As we consider future growth, although we have pursued various initiatives based on a three-year time horizon up to now, as you are all aware, the time horizon for IHI's businesses, whether in business development or technology development, is typically around 10 to 15 years. With this in mind, we believe it is necessary to formulate our vision over a longer time horizon, and accordingly we have presented this medium to longer-term direction as our vision for the future. Especially, we'd like to present our direction toward 2040. That said, even 2040...