Q3 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 9 months of the fiscal year 2022, based on the PowerPoint presentation materials disclosed at 3 p.m. today. Page 2 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 continues to be uncertain due to various factors such as global shortage of materials and ongoing inflation, monetary tightening in each country in response to the situation and volatility in exchange rates.
Under such business environment, as with the second quarter, IHI Group secured operating profit steadily in all the reportable segments. Civil aero engines business is recording steady sales of spare parts, and the recovery trend remains unchanged. In addition, profits further increased due to improved profitability and more-than-expected depreciation of the yen.
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