Q3 2020 Mitsubishi Heavy Industries Ltd Earnings Presentation Transcript

Feb 06, 2020 / 07:00AM GMT

Release Date Price: $3.7

Transcript

Masanori Koguchi

Mitsubishi Heavy Industries, Ltd. - Senior EVP, CFO & Director

Good afternoon, ladies and gentlemen. This is Koguchi speaking. The paper distributed in front of you, Financial Results for FY 2019 1 to 3 Quarter, I would like to use this material to explain.

Now for highlights of these results. I would like to first touch upon the procedures for SpaceJet. And unfortunately, we had scheduled to acquire TC in 2020 as well as the ANA commercial delivery. This would now be postponed to fiscal year 2021 and onwards. A SpaceJet development situation as well as various prospectus were taken into account. And as a result, for Q3 of this year, based on losses from business activities as a result of impairment on assets at the last fiscal year and losses this year totaled JPY 175.3 billion.

Now for profit

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