Q1 2021 Minebea Mitsumi Inc Earnings Call Transcript
This is Yoshida speaking. Today, I would first like to explain the consolidated financial results for the first quarter of the fiscal year ending March 31, 2021; and then Mr. Kainuma, Representative Director, CEO and COO, will explain the highlights, including business updates.
For the fiscal year March 2021, consolidated net sales was down 8.3% year-over-year, and quarter-on-quarter, it went down by 17.4% at JPY 187.463 billion. Operating income was up 61.4% year-on-year and down 56.7% quarter-on-quarter to total JPY 5.364 billion. Profit for the period attributable to owners of the parent was up 64.4% year-on-year and down 65.7% quarter-on-quarter to total JPY 3.573 billion. So the operating income for this quarter includes special expenses of approximately JPY 4.0 billion incurred due to impact of the coronavirus, et cetera. We estimate that the quarter-on-quarter for currency translation impact on sales was JPY 3.46 billion year-on-year, JPY 5.9 billion quarter-on-quarter
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