JGC Holdings Corporation (JGCCF) Q2 2025 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.737 My name is Taguchi, Executive Officer and General Manager of the Finance Unit. 00:00:04.737 -- 00:00:10.182 I'll be giving you an outline of financial results first half fiscal year 2024. 00:00:10.365 -- 00:00:15.753 Slide 4, please. This is the consolidated income statement. 00:00:15.753 -- 00:00:21.440 Net sales were flat year-on-year at 406.7 billion yen. 00:00:21.440 -- 00:00:27.132 Gross profit slightly decreased to 27.3 billion yen. 00:00:27.132 -- 00:00:31.176 Due to the yen appreciating to 142 yen per U.S. 00:00:31.176 -- 00:00:37.961 dollar by the end of September, our gross profit margin slightly decreased to 6.7%. 00:00:38.724 -- 00:00:43.829 Operating profit remained almost flat at 12.4 billion yen, but 00:00:43.829 -- 00:00:49.255 ordinary profit decreased by 6 billion yen compared to the same period last year, resulting 00:00:49.255 -- 00:00:52.816 in 19.3 billion yen. 00:00:52.816 -- 00:00:58.245 The decline in ordinary profit was also due to the revaluation of foreign 00:00:58.245 -- 00:01:02.853 currency denominated assets and liabilities caused by the strong yen. 00:01:02.853 -- 00:01:08.282 Meanwhile, profit attributable to owners of the parent remained flat year-on-year 00:01:08.282 -- 00:01:13.190 at 12.7 billion yen due to a decrease in the effective tax rate. 00:01:13.190 -- 00:01:18.559 Progress in net sales to operating profit is slightly below 50% of the four-year 00:01:18.559 -- 00:01:20.559 forecast. 00:01:21.284 -- 00:01:25.671 Page 5, please. This is the segment information for first half. 00:01:25.671 -- 00:01:30.439 In the total engineering business, a decrease in revenue from domestic life sciences 00:01:30.439 -- 00:01:35.647 sector was offset by an increase in that from overseas chemical sector, 0...