Sumco Corp Ord (SUMCF) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for your participation today. This is the results briefing for the second quarter of the fiscal year ending December, 2024. Before starting the presentation, allow me to confirm today's materials, which consists of three items, the brief statement on consolidated financial results for Q2 fiscal 2024, the announcement regarding interim dividend and the presentation deck entitled results for Q2 fiscal 2024. This will be a 60-minute briefing, which will end at 5 p.m. Next, a disclaimer. The estimates, expectations, forecasts, and other future information discussed here and shown in today's materials were prepared based on the information available to the company as of today and on certain assumptions and qualifications, including our subjective judgment. Actual financial performance or results may differ substantially from the future information contained in this material due to risk factors including domestic and global economic conditions, trends in the semiconductor market, and foreign exchange rates. We will have presentations today from Representative Director, Chairman and CEO Mayuki Hashimoto, and Vice President, CFO Shinichi Kubozoe. Chairman and CEO Hashimoto will discuss our forecast and operating environment to be followed by an explanation of the financial results by CFO Kubozoe. We have set aside time for a Q&A session as well. I will now hand over to Chairman Hashimoto. I am Chairman Hashimoto. I will start with the overview on slide five. This is a summary of the results for the second quarter of fiscal year 2024. The results for second quarter significantly overshot our forecast. With regard to sales, the recovery after bottoming out was better than we had initially expected. I will say that our forecasts were conservative to begin with, so may...