Q2 2024 Fuji Electric Co Ltd Earnings Presentation Transcript

Oct 26, 2023 / NTS GMT

Release Date Price: $10.21 (+0.72%)

Transcript

Shiro Kondo

Fuji Electric Co., Ltd. - President, CEO, COO & Director

Hello, everyone. My name is Kondo of Fuji Electric. Thank you very much for your participation in the financial results briefing for the second quarter of fiscal year 2023. As we have already been informed, the year 2023 will mark the 100th anniversary of Fuji Electric's founding. It is also the final year of our current 5-year medium-term management plan. We have been working towards our goals of achieving net sales of JPY 1 trillion and an operating margin of 8% or higher. We achieved the operating margin 2 years ahead of schedule and net sales of JPY 1 trillion in FY 2022, 1 year ahead of schedule.

In the spring of this year, we explained what we must do in fiscal year 2023 to lead us into the next medium-term management plan. Specifically, I have said that we will once again

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