Minebea Mitsumi Inc U/Adr (MINBY) Q1 2026 Earnings Call

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WEBVTT 00:00:00.451 -- 00:00:05.495 I would like to explain the consolidated financial results for the first quarter of the 00:00:05.495 -- 00:00:09.017 fiscal year ending March 2026. 00:00:09.017 -- 00:00:14.160 First, regarding numerical notation, figures were previously 00:00:14.160 -- 00:00:18.603 presented in units of millions or billions of yen. 00:00:18.603 -- 00:00:24.027 Starting from Q1 of the fiscal year ending March 2026, 00:00:24.027 -- 00:00:29.191 figures will be presented in units of billions 00:00:29.191 -- 00:00:34.777 of yen to provide a clearer overview of financial performance. 00:00:35.607 -- 00:00:40.770 The further details on this change can be found in the disclaimer on page 00:00:40.770 -- 00:00:46.554 26. Consolidated net sales for the Q1 of FY March 00:00:46.554 -- 00:00:50.736 2026 was up 3.2% year-on-year and down 2.1% quarter-on-quarter to total 366.9 billion 00:00:50.736 -- 00:00:53.336 yen. Averaging income 00:01:00.882 -- 00:01:04.824 17.2% year-on-year and decreased by 35.8% year-on-year. 00:01:19.642 -- 00:01:22.804 A quarter-on-quarter total of ¥10.9 billion. 00:01:22.804 -- 00:01:28.008 Both net sales and operating income exceeded the budget. 00:01:28.008 -- 00:01:32.730 Quarterly net sales hit a record high. 00:01:32.873 -- 00:01:38.037 Due to the appreciation of yen, there were negative 00:01:38.037 -- 00:01:43.080 FX impact. To be more specific, 00:01:44.163 -- 00:01:48.566 negative 13.2 billion yen on net sales, Q1Q, 00:01:48.566 -- 00:01:50.268 and 00:01:50.268 -- 00:01:55.352 minus 11.8 billion yen year-on-year. Offering income also saw a negative impact 00:01:55.352 -- 00:02:01.135 of 1.8 billion yen quarter-on-quarter and 4 billion yen year-on-year. 00:02:01.926 -- 00:02:06.789 This shows a quarterly trend in net sales op...