Q2 2021 Teijin Ltd Earnings Presentation Transcript

Nov 02, 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. I would like to report on the results of fiscal 2020 second quarter and full year outlook.

Please turn to Page 1. I would like to start with the impact of COVID-19 on Teijin Group results. In a nutshell, recovery in Q2 was greater than expected in the previously announced outlook.

Q2 overview is shown here. After having bottomed out in Q1, our operating results in Q2 achieved a greater-than-expected recovery. The key factor was that the Tier 1 automotive business in North America recovered faster than expected. On the other hand, aircraft demand declined more than expected. Another highlight was that the medical protective equipment, gowns

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