Q1 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 quarter of fiscal year 2022 based on the PowerPoint presentation materials disclosed at 3:00 p.m. today.
Page 2 shows the content of today's presentation. I will explain details based on this content. Please turn to Page 4. This slide shows an overview of the results. In the first quarter of fiscal year 2022, there were signs of economic recovery. However, the outlook of the economy has become increasingly challenging due to various factors such as global shortage of materials, inflation, mandatory tightening in each country caused by increased geopolitical risks mainly from protracted Russia's aggression against Ukraine.
Under its business environment, IHI Group's earnings power of each business has increased steadily with all the reportable segments turning positive in operating profit. Although profits decreased year-on-year due to the impact of gains on sales of assets recorded in the same period of the previous fiscal year.
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