Q1 2024 Minebea Mitsumi Inc Earnings Call Transcript
Thank you. My name is Yoshida. Today, I would first like to explain the consolidated financial results for our first quarter of fiscal year ended March 31, 2024.
Next page. The consolidated net sales for the first quarter of the fiscal year ending March 31, 2024, was up 16.5% year-on-year and down 13.9% quarter-on-quarter to a total of JPY 292.370 billion. Operating income were down 57.4% year-on-year and down 82.3% quarter-on-quarter to total JPY 6.079 billion. Profit for the period attributable to owners of parent was down 65.9% year-on-year and down 88.9% quarter-on-quarter to total JPY 3.661 billion. Net sales hit a quarterly record high for the first quarter.
We estimate that foreign currency translations have a quarter-on-quarter impact and was plus JPY 4 billion in net sales and plus JPY 0.7 billion in operating income year-on-year impact of plus JPY 16.2 billion net sales and plus JPY 2.1 billion in operating income.
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