LIXIL Corporation (JSGCF) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

It's time for us to start the third quarter financial results briefing for fiscal year ending March 31st, 2026 for Lixell Corporation. This briefing is streamed live online. The materials for this briefing is on our website for the shareholders and investors. I would like to introduce to you the presenters. Kingi Asato, Director, Representative Executive Officer, President and CEO. Mariko Fujita, Executive Officer, Executive Vice President, CFO. Aya Kawai, Senior Vice President, Leader of the Investors Relations Office. I will be serving as the MC. My name is Setoguchi from IR office. I would like to explain to you the proceedings for today. First, Fujita, the CFO, will be providing you the overview of the financial results for the third quarter. That will be followed by presentation by Mr. Seto to explain to you about the earning structure of Lexel. The presentation will be followed by Q&A. We are expecting to end the session at 3.45 p.m. I would like to invite Ms. Fujita, the CFO, to give you the financial results briefing. Hello everyone, this is Fujita. I would like to give you the overview of the financial results for the third quarter. This is a summary of results for the third quarter. Core earnings is 36.5 billion yen, and EBITDA is 98.4 billion yen. In Japan, LWTJ and Living have continued to do well with increase in revenue and earnings. The renovation product was robust, even though the new housing demand was sluggish. As for LHT, It was on par with the previous year, both for the revenue and earnings. The subsidy-eligible products contributed to the sales growth. In Europe, Middle East, and India has seen strong performance. China's sluggish business had been covered by the strong performance from Europe, Middle East and India. So there was a Forex losses...