Minebea Mitsumi Inc U/Adr (MINBY) Q1 2027 Earnings Call

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WEBVTT 00:00:00.411 -- 00:00:05.475 I would like to explain the consolidated financial results for the first quarter of the 00:00:05.475 -- 00:00:08.997 fiscal year ending March 2026. 00:00:08.997 -- 00:00:14.140 First, regarding numerical notation, figures were previously 00:00:14.140 -- 00:00:18.563 presented in units of millions or billions of yen. 00:00:18.563 -- 00:00:24.007 Starting from Q1 of the fiscal year ending March 2026, 00:00:24.007 -- 00:00:29.157 figures will be presented in units of Billions 00:00:29.157 -- 00:00:34.741 of Yen to provide a clearer overview of financial performance 00:00:35.593 -- 00:00:40.674 The further details on this change can be found in the disclaimer on page 00:00:40.674 -- 00:00:46.516 26. Consolidated net sales for the Q1 of FY March 00:00:46.516 -- 00:00:50.377 2026 was up 3.2% year-on-year and down 2.1% quarter-on-quarter to total 366.9 billion 00:00:50.377 -- 00:00:52.957 yen. Averaging income 00:01:01.140 -- 00:01:03.501 7.8% year-on-year 00:01:03.501 -- 00:01:05.121 and down 00:01:05.121 -- 00:01:09.062 19% quarter-on-quarter to total ¥17.4 billion. 00:01:09.062 -- 00:01:14.064 Profit for the period attributable to owners or parent decreased by 00:01:14.064 -- 00:01:18.924 17.2% year-on-year and decreased by 35.8%. 00:01:19.605 -- 00:01:22.769 A quarter-on-quarter total of 10.9 billion yen. 00:01:22.769 -- 00:01:27.975 Both net sales and operating income exceeded the budget. 00:01:27.975 -- 00:01:32.698 Quarterly, net sales hit a record high. 00:01:32.839 -- 00:01:38.022 Due to the appreciation of yen, there were negative 00:01:38.022 -- 00:01:42.785 FX impact. To be more specific, 00:01:42.785 -- 00:01:44.785 negative 00:01:44.886 -- 00:01:48.528 13.2 billion yen on net sales, Q1Q, 00:01:48.528 -- 00:01:50.229 and 00:0...