Q3 2021 Fuji Electric Co Ltd Earnings Presentation Transcript

Jan 28, 2021 / NTS GMT

Release Date Price: $9.91 (-0.90%)

Transcript

Junichi Arai

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

Good afternoon, everyone. I am Junichi Arai, Corporate General Manager, Corporate Management Planning Headquarters. I will explain consolidated financial results for the third quarter of fiscal year 2020.

As the impact of year-on-year decrease of results for the first half was significant, sales and income were down year-on-year, also for the 9 months. Operating income increased year-on-year in the 3 months of the third quarter, for defects of IGBT, we booked JPY 16.7 billion of cost of collective measures in the third quarter. As the cost is extraordinary, onetime and huge, we discussed with our auditing firm and booked the amount in extraordinary loss.

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