Q1 2022 Fuji Electric Co Ltd Earnings Presentation Transcript

Jul 29, 2021 / NTS GMT

Release Date Price: $11.68

Transcript

Junichi Arai

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

Hello. I'm Junichi Arai from Corporate Channel Planning headquarters. I will talk about consolidated financial results for the first quarter of fiscal year 2021.

We are happy to report to you that it was a great quarter. Net sales rose JPY 21.1 billion to JPY 190 billion. Subtracting a gain of JPY 3.7 billion on translation of earnings of overseas subsidiaries, net sales increased by JPY 17.5 billion in real terms.

Operating income rose by JPY 2.9 billion to JPY 5.3 billion. That's 2.2x that of the same period of the previous year.

Ordinary income rose to JPY 5.9 billion, up JPY 3.3 billion, including nonoperating income of exchange

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