Nidec Corp Adr (NJDCY) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Now let's start the presentation on NIDAC Corporation's performance for the third quarter of fiscal year of 2024. We would like to thank you very much for your participation in this virtual business schedule. We have Mr. Mitsuya Kishida, President and Chief Executive Officer. Mr. Tatsuya Nishimoto, Executive Vice President in charge of Automation and Machinery Business Unit. Mr. Takamitsu Araki, first senior vice president in charge of companies' M&A activities. Mr. Akinobu Samura, senior vice president and chief financial officer. I am Teraki Urago, general manager of the investor relations department, and I'll serve as the moderator for this meeting. In today's presentation, we have two sections. The first section will be about the company's latest performance results, followed by the second section, which is about the press conference on Nidex TOB-based acquisition of Makino milling machine. We will have a question and answer session for each of these sessions. Thank you very much for your understanding. Now we would like to start the first section of the presentation. First, Mr. Samura will present an overview of the company's latest earnings results, followed by the presentation and explanation detailed by Mr. Kishida. This first session is expected to last until 5.45 p.m. Mr. Summer, please. Thank you very much. I would like to give an update on the financial results of this quarter three. Please take a look at the middle section of the page over here. First of all, net sales, which was up by 11.5 percent to 1.946 trillion yen. This is a record high result in terms of net sales. When it comes to operating profit, it was up by 5.0 percent to 175.5 billion yen, which is another record high result for us. when it comes to operating profit before income taxes as we...