Q1 2021 Teijin Ltd Earnings Presentation Transcript

Aug 05, 2020 / NTS GMT

Release Date Price: $16.25

Transcript

Yoshihisa Sonobe

Teijin Limited - CFO, Senior Executive Officer & Representative Director

This is Yoshihisa Sonobe, Senior Executive Officer, Representative Director of the Board. In the lower right-hand corner of each slide, you can see the page number.

Please turn to Page 1, impact of COVID-19 during the first quarter. Level of impact differs from business to business. So let me go over that. First, in Tier 1 automotive business, in line with the operation level of OEMs, there is a rather direct effect being felt. In April, as most OEMs stopped plant operations, our Tier 1 automotive business significantly decreased factory operation. Whereas in other materials business, which is rather high upstream, given inventory buildup within the supply chain, state of operation was quite different from that of automotive OEMs.

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