Q1 2021 Fuji Electric Co Ltd Earnings Presentation Transcript

Jul 30, 2020 / NTS GMT

Release Date Price: $6.65 (+1.37%)

Transcript

Junichi Arai

Fuji Electric Co., Ltd. - Managing Exec. Officer, GM of Corp Mgmt Planning HQ & Export Admin Office and Director

Good afternoon, ladies and gentlemen. I am Junichi Arai, Corporate General Manager, Corporate Management Planning Headquarters. I will explain consolidated financial results of Fuji Electric for the first quarter of the fiscal year 2020.

We started the first quarter of this fiscal year in a very challenging situation due to the impact of COVID-19, as you know. Unfortunately, sales and income were down year-on-year. However, income was higher than our internal forecast, and we are relieved.

Page 2 shows year-on-year comparison of financial results for the first quarter. Net sales were JPY 168.8 billion, down JPY 7.2 billion or 4% year-on-year. Excluding loss

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