Q1 2020 Mitsui & Co Ltd Earnings Call Transcript
Good afternoon. My name is Takakazu Uchida, Chief Financial Officer. Thank you for joining us today despite your busy schedule.
I will start by reviewing our results for the first quarter of the fiscal year to March 2020. The financial year got off to a strong start with a steady performance in Resources & Energy. Machinery & Infrastructure, Chemicals and Lifestyle segments are showing progress largely in line with the plan.
Please turn to Page 3 of the presentation material. I will now explain the summary of our operating sales -- or results for the first quarter of the fiscal year, which is profit for the period increased by JPY 6.6 billion year-on-year to JPY 125 billion, representing progress to a full year target of 28%. Core operating cash flow was JPY 155.9 billion, representing progress to a full year target of 24%. Free cash flow, which excludes the effects of changes in working capital and time deposits, was positive at JPY 53.9 billion. In growth areas, we are
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