Q2 2024 GS Yuasa Corp Earnings Presentation Transcript

Nov 09, 2023 / 06:00AM GMT

Release Date Price: $18.43

Transcript

Osamu Murao

GS Yuasa Corporation - CEO, President & Representative Director

Let me start by offering a word of appreciation to institutional investors and analysts. Without further ado, I would now like to report on fiscal year 2023 2nd Quarter financial results.

Here are the topical points of fiscal year 2023, second quarter financial results. Net sales and operating income increased on a year-on-year basis. Thanks to the revision of selling prices across the company's business units and primarily due to an increase in sales volume of lithium-ion batteries for hybrid vehicles.

Ordinary income and profit attributable to owners of parent also increased year-on-year, thanks to improvements in equity in earnings of affiliates and foreign exchange gains and losses. We registered JPY 256.8 billion in consolidated net sales in

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