Renesas Electronics Corp (RNECF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much for taking your time despite your busy schedule to attend UNESCO Select Times 2025 Second Quarter Earnings Call. We thank you very much indeed. For today, simultaneous interpretation service is provided. Please click the interpretation icon at the bottom of the screen and select the language of your choice. Speakers, please turn your video on. For today's session, we have our President and CEO, Hidetoshi Shibata, and Senior Vice President and CFO, Shuhei Shinkai, and some other staff members from the company. After opening remarks from Mr. Shibata, Mr. Shinkai was playing the second quarter results. After that, we would like to take questions. We expect to finish the entire session in about 60 minutes. Please be advised that the material to be used for today's session is already posted on the IR site of our homepage. Now, Mr. Shibata, please turn the microphone and the floor is yours. Good morning, everyone. This is Shibata. First of all, Recently, we have seen a certain conclusion with respect to the tariff issue, which I think is wonderful. The government has arrived at the best possible solution out of the options available. So from here onwards, the private companies in the current environment will have to consider how to respond and deliver results. I think that is the phase that we are currently moving into. Having said that, however, the uncertainty still remains. The numbers that we have provided to you, including the third quarter numbers, where we have not factored in any numbers that could be affected by this tariff rate of 15%. Instead, the second quarter, a 5% or so risk had been factored in in the second quarter numbers, which is something that we had already announced, but this did not materialize, fortunately. Still, uncertainty co...