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- Q2 2023 IHI Corp Earnings Call TranscriptNov 08, 2022€23 (-2.54%)Earnings
- Q1 2023 IHI Corp Earnings Call TranscriptAug 09, 2022€24.4Earnings
- Full Year 2022 IHI Corp Earnings Call TranscriptMay 10, 2022€20.4 (-3.77%)Earnings
- Q3 2022 IHI Corp Earnings Call TranscriptFeb 08, 2022€17.6 (+1.15%)Earnings
- Q2 2022 IHI Corp Earnings Call TranscriptNov 09, 2021€20.6 (-2.83%)Earnings
- Q1 2022 IHI Corp Earnings Call TranscriptAug 10, 2021€19 (-0.52%)Earnings
- Full Year 2021 IHI Corp Earnings Presentation TranscriptMay 13, 2021
- Q3 2021 IHI Corp Earnings Call TranscriptFeb 09, 2021€16.1 (-0.62%)Earnings
- Q2 2021 IHI Corp Earnings Call TranscriptNov 10, 2020€11.8 (+9.26%)Earnings
- Q1 2021 IHI Corp Earnings Call TranscriptAug 11, 2020€12 (+4.35%)Earnings
- Full Year 2020 IHI Corp Earnings Call TranscriptMay 19, 2020€11 (+4.76%)Earnings
- Q3 2020 IHI Corp Earnings Call TranscriptFeb 06, 2020€22.4 (+2.75%)Earnings
- Q2 2020 IHI Corp Earnings Presentation TranscriptNov 01, 2019
- Q1 2020 IHI Corp Earnings Call TranscriptAug 07, 2019€18.9 (-2.78%)Earnings
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Q3 2021 IHI Corp Earnings Call Transcript
This is Maruyama, in charge of finance and accounting of IHI Group. I will explain the financial results for the third quarter of the fiscal 2020, followed by the full year forecast based on the PowerPoint presentation material disclosed at 3 p.m. today.
Please turn to Page 4. This slide shows the consolidated results, including the orders received and the income statement. The accounting standard for revenue recognition is applied from this fiscal year, and the effect of applying the standard is indicated at the top left corner of the relevant items.
Orders received were JPY 684.4 billion, down JPY 192.2 billion year-on-year. As shown at the top right, the average exchange rate for sales during the period under review was JPY 106.36 to the U.S. dollar. There was JPY 2.59 appreciation from JPY 108.95 of the previous corresponding period.
Net sales stood at JPY 766.8 billion, down JPY 155.1 billion or 16.8% year-on-year, mainly due to the impact from the spread of COVID-19 and also as a result of
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