Q3 2020 Minebea Mitsumi Inc Earnings Call Transcript
I'm Yoshida. Today, I would like to explain the consolidated financial results for the third quarter of fiscal year ended March 31, 2020; and then Mr. Kainuma, Representative Director, CEO & COO, will explain the highlight, including business updates.
Consolidated net sales for the third quarter of fiscal year ending March 31, 2020 was up 7.2% year-on-year and down 4.2% quarter-on-quarter to total JPY 267,650,000,000. Net sales hit the third quarter record highs. Operating income was down 25.9% year-on-year and up 19% quarter-on-quarter to total JPY 23,058,000,000. The results for the third quarter of fiscal year ended March 2019 include a one-time profit gain due to changes in the personnel system of the extended retirement age as well as other special factors, which all added up to a gain of approximately JPY 5 billion. If this amount will not to be accounted for, the year-on-year decrease in operating income will be 11.7%.
Profit for the period attributable to owners of the parent was down 21.5% year-on
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