Q2 2023 IHI Corp Earnings Call Transcript
This is Fukumoto, General Manager of Finance and Accounting of IHI Group. I will explain IHI Group's financial results for the first half of fiscal year 2022. Based on the PowerPoint presentation materials disclosed at 3:00 p.m. today. This page shows the contents of today's presentation.
Please turn to Page 4. This slide shows an overview of the results. Despite recent signs of economic recovery, the outlook of the economy has become increasingly challenging due to various factors such as global shortage of materials and inflation, monetary tightening in each country in response to the situation and rapid yen depreciation. Under such business environment, as with the first quarter, IHI Group steadily secured operating profit in all the reportable segments.
In Civil Aero Engines, the overall recovery trend remains unchanged despite the impact from sluggish operations caused by labor shortage in the airline industry. In addition, profits further increased due to improved profitability and
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