Nidec Corp Adr (NJDCY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Now we would like to start NEDEC Corporation's preliminary report on performance values for the first quarter of fiscal year 2025. First we would like to introduce our service. We have Mr. Mitsuya Kishida, the representative director, president, and CEO of NEDEC Corporation. And we have Mr. Akinobu Samura, who is the chief financial officer of the company. Then I am Teraki Urago of IR department. I'm today's moderator here. I would like to have Mr. Samura first give a presentation on the preliminary report, followed by Mr. Kishida's presentation on company's corporate strategy. And we would like to have a question and answer session after that. If you have any questions, please wait until then. We would like to finish this conference at 6 p.m. today. Thank you very much. And this is Mr. Samura speaking. Let's give an update on our financial result. First of all, I would like to offer my apologies for the trouble caused by the additional investigation into the FIERSC country of origin matter. Since we cannot give you the result of our performance the way we normally do, we decided to have this voluntarily disclosure as the preliminary report on finance values, which is something that we would like to explain with the notes and remarks after that in this presentation material. I would truly appreciate your understanding on this. And when it comes to our consolidated performance compared with the same time last fiscal year, we have had a relatively large fluctuation in a currency exchange evaluation. And against the US dollar, the yen has been appreciated by .2% in the middle of the quarter and .1% towards the end of the fiscal term. And our net sales was 637.9 billion yen, which was down by 1.6%. And our operating profit was 61.5 billion yen, or 9.6%, with a slight inc...