Olympus Corp Ord (OCPNF) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Now we would like to start the Q&A session. I have a question about the question-related issues. I want to understand the current status. Last year in June, some of the products received an import alert. And last year, in the third quarter, ship hold was announced based on the inspections. And the ship hold was going to be largely completed within the fourth quarter. That was an explanation last time, but it's still part of this fiscal year's plan. So, I want to understand the current status of ship hold and schedule of the inspections. How is it progressing? Please share the current status. Yeah, thank you for the question. Let me address both parts of that. You mentioned the import alert first. The import alert, again, is largely tied to our ISOO facility. And so until that ISOO facility is reinspected, that import alert may not be lifted. And to put the import alert in context, that was roughly 1% of sales. So that's the import alert. The inspections that took place in the fall, as I mentioned on our Q3 call, in an abundance of caution, we put a number of products on SHPHOLD. And as I mentioned, I think it was 20 or so, the majority of those began to be released from SHPHOLD during Q3 and Q4. The reason that some of this remains in FY27, as I mentioned and Michael mentioned, largely in the first half, is we do have a few products that remain on ship hold that we would expect that would be off of ship hold by the second half of FY27. So that's the That's an answer to your question in terms of what's the current state as it relates to import alert as well as products on SHPHOLD. Thank you very much. I have one follow-up question. From this fiscal year and beyond, what happens to elevate cost? What is the outlook for elevate and quality-related expenses? In this fisc...