JGC Holdings Corporation (JGCCF) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.135 This is Ntaguchi from the Finance Unit. I would like to provide an outline of financial 00:00:05.135 -- 00:00:07.135 results. 00:00:07.305 -- 00:00:10.571 Please turn to slide 4. 00:00:13.345 -- 00:00:18.471 we have highlighted three key points for the first half of the fiscal year. 00:00:18.471 -- 00:00:23.316 First, in total engineering business, large-scale projects both in Japan and overseas 00:00:23.316 -- 00:00:28.522 have been progressing steadily. Although we are faced with challenges with one overseas 00:00:28.522 -- 00:00:33.668 project, our strengthening EPC and execution framework has helped us to lower overall 00:00:33.668 -- 00:00:38.431 risk and profitability is gradually improving. 00:00:38.854 -- 00:00:44.176 Functional materials manufacturing business has maintained stable performance. 00:00:44.176 -- 00:00:50.447 Reflecting these factors, we have revised our full year earnings forecast upward. 00:00:50.993 -- 00:00:56.742 Please move on to slide 5, which shows the consolidated income statement. 00:00:57.170 -- 00:01:01.198 Net sales for the first half of FY2025 were 381.2 00:01:01.198 -- 00:01:06.490 billion yen down year-on-year basis. However, gross profit 00:01:06.490 -- 00:01:10.578 was up 2.9 billion yen to 30.2 billion yen. 00:01:10.578 -- 00:01:14.161 Profit ratio was 7.9%, up 1.2 00:01:14.226 -- 00:01:15.884 points. 00:01:15.884 -- 00:01:21.111 Operating profit was up 3.3 billion yen to 15.7 billion yen, 00:01:21.111 -- 00:01:26.318 and ordinary profit was up 1.7 billion yen to 21.1 billion yen. 00:01:26.318 -- 00:01:32.106 Profit attributable to owners of the parent was down 1.1 billion yen to 11.6 00:01:32.106 -- 00:01:36.609 billion yen, mainly due to higher tax expenses. 00:01:36.732 -- 00:01:41.656 P...