Q3 2022 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 2021 based on the PowerPoint presentation materials, disclosed at 3:00 p.m. today. As with the period until the second quarter, the figures for the previous year are restated from JGAAP to IFRS, for the purpose of year-on-year comparison. .
Please turn to Page 4. This slide shows an overview of the results. The situation continues to be uncertain due to the spread of a new variant of COVID-19, prolonged shortage of semiconductor supply as well as rising raw material prices. In such a business environment, we were able to achieve increase in all the profit lines steadily, including the operating profit.
First of all, in Aero Engine, Space and Defense, due to the recovery in aero transportation demand centered on North America and Europe, sales of spare parts for civil aero engines increased. In addition, we were able to reap the benefits of
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