Q3 2023 Fuji Electric Co Ltd Earnings Presentation Transcript

Jan 26, 2023 / NTS GMT

Release Date Price: $9.92 (-3.92%)

Transcript

Junichi Arai

Fuji Electric Co., Ltd. - Sr Managing Exec. Off, GM of Corp Mgmt Planning HQ, Export Admin Off & Compliance 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 for the fiscal year 2022.

Page 4 shows year-on-year comparison of consolidated financial results for the 9 months. Net sales were JPY 690.8 billion, up JPY 70.8 billion. Excluding gain on translation of earnings of overseas subsidiaries, net sales increased JPY 55.4 billion due to demand increase. JPY 55.4 billion increase, approximately negative JPY 12 billion from China, where we experienced great difficulty.

Operating income was JPY 42.4 billion, up JPY 9.8

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