Sumco Corp Ord (SUMCF) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for your participation today. This is the results briefing for the third quarter of the fiscal year ending December 2024. Before starting the presentation, allow me to confirm today's materials, which consist of three items. The brief statement on consolidated financial results for Q3 fiscal 2024, the announcement regarding revision to dividend forecast, and the presentation deck entitled results for Q3 fiscal 2024. This will be a 60-minute briefing, which will end at 5.15 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 forecasts 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 5. This is a summary of the results for the third quarter of the fiscal year 2024. Operating profit and ordinary profit for Q3 slightly exceeded our forecast. The 2.1 billion yen overshoot in OP is mostly the result of lower costs and a slower start to depreciation. Sales was largely in line with our e...