Toppan Holdings Inc (TONPF) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.160 This is Kurobe, the CFO. Thank you for taking the time out of your busy schedules to 00:00:05.160 -- 00:00:10.385 join our fiscal 2025 half-year results briefing. 00:00:13.895 -- 00:00:18.723 I will now explain the details of the first half results. 00:00:18.723 -- 00:00:21.749 Please turn to page 3. 00:00:21.749 -- 00:00:26.900 In the first half, consolidated net sales increased 4.3% year-on-year 00:00:26.900 -- 00:00:29.665 to 863.6 billion 00:00:29.665 -- 00:00:35.658 yen, and non-GAAP operating profit, which excludes mainly the effects of acquisition-related 00:00:35.658 -- 00:00:42.087 costs, rose 14% to 38.6 billion yen. 00:00:42.370 -- 00:00:47.576 While consolidated operating profit was generally in line with the plan, the information 00:00:47.576 -- 00:00:52.621 and communication and living and industry segments fell short of plan, whereas the 00:00:52.621 -- 00:00:56.846 electronic segment and adjustment items exceeded plan. 00:00:56.846 -- 00:01:01.991 Non-GAAP operating profit net of one-time costs such as gains 00:01:01.991 -- 00:01:06.474 on sale of investment securities increased 41.5% to 24.5 00:01:06.556 -- 00:01:09.537 billion yen. 00:01:09.659 -- 00:01:13.488 The key points of the results are shown on the right. 00:01:13.488 -- 00:01:18.735 On a non-gap basis, information and communication had flat sales and higher profit, 00:01:18.735 -- 00:01:23.762 living and industry had higher sales and profit, and electronics posted lower sales 00:01:23.762 -- 00:01:28.546 and profit. However, profit grew compared with Q1. 00:01:29.570 -- 00:01:33.994 I will explain the performance of each segment later. 00:01:35.611 -- 00:01:40.776 Now, from this fiscal year, for exchange rate processing, we change to yearly 00:01:40.776 -...