IHI Corp (FSE:7013)

円 3600 0 (0%) Market Cap: 434.20 Bil Enterprise Value: 1.16 Til PE Ratio: 0 PB Ratio: 1.53 GF Score: 71/100

Q3 2021 IHI Corp Earnings Call Transcript

Feb 09, 2021 / NTS GMT

Release Date Price: 円1900

Transcript

Seiji Maruyama

IHI Corporation - General Manager of Finance & Accounting Division

This is Maruyama, in charge of finance and accounting of IHI Group. I will explain the financial results for the third quarter of the fiscal 2020, followed by the full year forecast based on the PowerPoint presentation material disclosed at 3 p.m. today.

Please turn to Page 4. This slide shows the consolidated results, including the orders received and the income statement. The accounting standard for revenue recognition is applied from this fiscal year, and the effect of applying the standard is indicated at the top left corner of the relevant items.

Orders received were JPY 684.4 billion, down JPY 192.2 billion year-on-year. As shown at the top right, the average exchange rate for sales during the period under review was JPY 106.36 to the U.S. dollar. There was JPY 2.59 appreciation from JPY 108.95 of the previous corresponding period.

Net sales stood at JPY 766.8 billion, down JPY 155.1 billion or 16.8% year-on-year, mainly due to the impact from the spread of COVID-19 and also as a result of

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