Minebea Mitsumi Inc U/Adr (MINBY) Q2 2026 Earnings Call

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WEBVTT 00:00:01.313 -- 00:00:05.978 Hello, this is Yoshida speaking. Today, I would like to explain the consolidated financial 00:00:05.978 -- 00:00:10.561 results for the second quarter of the fiscal year ending March 2026. 00:00:15.596 -- 00:00:19.137 Consolidated net sales for the second quarter of the fiscal year ending March 2026 was 00:00:19.137 -- 00:00:22.558 down 2.7% year-on-year and up 12.1% quarter-on-quarter to total 411.4 billion yen. 00:00:22.558 -- 00:00:27.560 Operating income was down 3.3% year-on-year and up 54.6% quarter-on-quarter to total 00:00:27.560 -- 00:00:30.540 27 billion yen. 00:00:42.985 -- 00:00:48.549 Profit for the period attributable to owners of the parent was up 00:00:48.549 -- 00:00:52.331 48.4% year-on-year and increased by 62.5% 00:00:52.331 -- 00:00:57.635 quarter-on-quarter to total 17.7 billion yen. 00:00:57.635 -- 00:01:02.317 Both net sales and operating income exceeded the plan. 00:01:03.417 -- 00:01:08.258 We estimate that foreign currency exchange rates have a quarter-on-quarter impact of 00:01:08.258 -- 00:01:13.740 plus 3.8 billion yen and year-on-year impact of minus 12.7 billion 00:01:13.740 -- 00:01:18.941 yen in net sales. Quarter-on-quarter impact was minus 0.6 billion yen and year-on-year 00:01:18.941 -- 00:01:23.962 impact was minus 5.3 billion yen in operating income. 00:01:24.123 -- 00:01:26.924 This is a summary result for the first half. 00:01:26.924 -- 00:01:33.185 Net sales hit for the first half record high, albeit by a small margin. 00:01:34.237 -- 00:01:39.339 This is for the quarterly trend in net sales, operating income, and operating margin. 00:01:39.339 -- 00:01:43.741 The operating margin for the second quarter was 6.6%. 00:01:43.741 -- 00:01:48.864 This represents a flat year-on-year change and up...