Nidec Corp Adr (NJDCY) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

And we'd like to start the presentation on NIDA Corporation's performance for the first half of fiscal year 2024. Thank you very much for your attendance today, despite your busy schedule. First, I'd like to give you an introduction of our attendees today. First of all, Mr. Mitsuya Kishida, President and Chief Executive Officer. Mr. Akinobu Samura, Senior Vice President and Chief Financial Officer. and I am the moderator, Tarek Urago, general manager of the IR department. In today's presentation, Mr. Samara will give you an overview of the company's earnings results for the first half of this fiscal year, and Mr. Kishida will explain the company's business strategy going forward. Then the floor will be opened for a question and answer session, and we would like to finish this meeting at 11.30 a.m. Now, Mr. Samara, please. Thank you. This is Samura, the company's CFO. I'd like to give an update on the earnings results of the first half of this fiscal year. First of all, net sales were up 11.8% to 1,293.8 billion yen, which is an 11.11%. This is a record high on a quarterly basis. Operating profit was up 1%. by 4.9% to 121 billion yen, which is another record high on a quarterly basis. Operating profit ratio was 9.4 billion yen. But when it comes to operating profit income before taxes, an operating attribute about the owners or the parent was both down and And operating profit before income tax was down by 30.9%, 100.2 billion yen. On a dollar basis, we had the depreciation of them by a little more than 20 yen per dollar. Because of that, we have incurred a loss in our profitability. This is just a press-all basis, evaluation basis. And nowadays, we have gained approximately 10%. out of the amount of loss we have had. And on an annual basis, as you can see on the righ...