Q1 2022 Minebea Mitsumi Inc Earnings Call Transcript
This is Yoshida. Today, I would like to explain the consolidated financial results for the first quarter of the fiscal year ending March 2022. And then Mr. Kainuma, Representative Director, CEO and COO, will explain the highlights of this fiscal year.
Page 2, please. Consolidated net sales for the first quarter of the fiscal year ending March 2022 was up 32.5% year-on-year and down 1.1% quarter-on-quarter to total JPY 248.305 billion. Operating income totaled JPY 19.628 billion, which was 5.8x higher than what it was in the first quarter of last year and up by 83.6% quarter-on-quarter. Profit for the period attributable to owners of the parent increased 6.6 fold year-on-year and a 2 fold quarter-on-quarter for a total of JPY 14.659 billion. We estimate that the foreign currency translation have a year-on-year impact of plus JPY 6.9 billion in net sales and minus JPY 0.2 billion in operating income. Quarter-on-quarter impact was plus JPY 7.0 billion in net sales and
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