Q2 2020 THK Co Ltd Earnings Presentation Transcript
I am Akihiro Teramachi, President and CEO of THK. I would like to take this opportunity to express my appreciation for your enduring support. First, I would like to thank you for your understanding on holding an online result meeting instead of physical face-to-face meeting. I feel that the COVID-19 situation is still quite serious, and we decided to take caution in holding a large physical meeting. I would also like to extend my appreciation for your ongoing support and your attendance to the online result meeting despite your busy schedule.
Let me first share with you the overview of the results for the second quarter of fiscal year ending in December 2020 using Page 3. Consolidated net sales was down by 30.2% year-on-year to JPY 103 billion. The global spread of COVID-19 forced the automakers
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