Full Year 2024 OMRON Corp Earnings Call
America York I cite that mass.
We will hold a financial results briefing for the fiscal year ending March 2025.
Speaker Change: Honda to our president and CEO of base in ecosystem asthma.
Speaker Change: Today, I will explain based on the presentation materials.
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Speaker Change: During explanations and Q&A sessions, we will display slides on the web screen as needed to assist with the explanation.
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Speaker Change: The presentation materials have already been disclosed on our company's website, so please download them and participate.
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Speaker Change: In addition, we have also posted financial statements and data collections.
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Speaker Change: Please make use of it together.
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Speaker Change: Now, I would like to introduce today's attendees.
Diehard QWERTY somebody ask such a C E O Susie Naga joint labors Amos.
Speaker Change: I am Junto Tsuji, the Representative Director and CEO .
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Speaker Change: I am Tsuji Nagai. Nice to meet you.
She Cola Green Global redesign Homewood, Illinois, Camelry Toyota deposit Imas, Thomas this euro scoring restaurants.
Speaker Change: I am Toyoharu Tamai, the Executive Officer and Head of the Global Jizai Headquarters. My name is Tamai. Nice to meet you.
She Korea Green Muramoto, San Diego, Hambo, Kaohsiung, Jacoba Tau Saluki, Colorado was Amos.
Speaker Change: I am Kotaro Suzuki, Executive Officer and General Manager of the Management Strategy Department in the Global Strategy Headquarters. My name is Suzuki. Nice to meet you.
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Most ocado Mastella Skyla, Iowa, Tanaka, Atco Mammoth Euro Scoot, one and I'd ask month.
Speaker Change: I apologize for the late introduction, but I, Okada, the Head of the IR Department, will be serving as the moderator. Thank you.
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Speaker Change: Next, here is today's schedule.
Matterhazard many presentation organized mass.
Speaker Change: First, we will start with a presentation.
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Speaker Change: After that, we will move on to the Q&A session with investors and analysts.
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Speaker Change: The scheduled end time is 5:30 PM.
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Speaker Change: Additionally, this web video, including the Q&A session, will be posted on our company's website.
Speaker Change: Kazimi Gaudioso class eight.
Speaker Change: Please understand in advance.
Speaker Change: Now for Scott and Andy from a mathematical extra jaudon, Anthony although economy mathematical Knoxville yard there, although okonedo Darius.
Speaker Change: Furthermore, a Q&A session with the media is scheduled to take place after the Q&A session with investors and analysts.
Speaker Change: So to do a mass seen Amazon builder oriented atmos.
Speaker Change: Well then, let's begin. Mr. Sugine, please go ahead.
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Speaker Change: Hello everyone, I am Fujinaga, the president.
Speaker Change: Andre I had also lost Ito hedge I know you said nishu.
Speaker Change: Thank you very much for taking the time out of your busy schedule to attend our financial results briefing for the fiscal year ending March 2025.
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Speaker Change: Owned it more Judah unless it's America idled oil hygiene, many histone <unk>, Mr. Tor Q&A as Sony hired him us.
Speaker Change: As with previous briefings, today we will first explain the financial results, followed by a Q&A session.
Speaker Change: You can lose kagy Vicki look it all going to go small Augusto adult only Ms. Those are Euro school owning Italian must.
Speaker Change: I would like to take as many questions as time allows. Thank you for your cooperation.
Speaker Change: So does your presentation that you're doing sort this estimation of us.
Speaker Change: Then, I will explain according to the presentation materials.
Pedro: So you know Pedro what I'm class eight.
Pedro: Please see the next page.
Speaker Change: Yeah.
Speaker Change: Honed it on our upcoming Iowa something this.
Speaker Change: There are three points in today's presentation.
Speaker Change: At Daimler, you, saying, usually Orlando silky stickiness.
Speaker Change: The first point is the full-year performance for the fiscal year 2024.
Speaker Change: There are no regular alcoa gain sholto 90, much lower really I guess oriented it's an okay them hotel correlates coronary or Havana extraordinary muster.
Speaker Change: Although the revenue from train operations decreased, there was a significant increase in profit due to the improvement in gross profit margin and the efficiency of fixed costs.
Speaker Change: Save your smoking, Okay, who diego urea kankaku.
Speaker Change: The bath products business is betting on underwear, and sales are gradually recovering.
Speaker Change: Oh, the AQR causal cargo machine can okay, all Havana externally muster.
Speaker Change: Operating profit saw a significant increase due to the receipt of new rights for structured drugs.
Speaker Change: Mattera, Chuck I see more calculator sort of your core travel Cintra Deuschle Loyak your task dish mashed up.
Speaker Change: Additionally, we steadily captured business opportunities to expand social systems, achieving increased revenue and profit.
Speaker Change: He bought Harrah's schedule, a chew up within all Geo don't cut all causal get caught.
Speaker Change: On the other hand, the healthcare business is experiencing a slowdown in demand and intensified competition in China.
Speaker Change: The issue with Angola Th O'nuts Johan <unk> gained shoe yanked ordinary mashed up.
Speaker Change: The electronic components business experienced a decline in both revenue and profit due to the continued sluggish market environment.
Speaker Change: He came here to take care of this.
Speaker Change: The second point is the full-year plan.
Speaker Change: Home gifts under our vehicles Congress is like makeover for maritime area.
Speaker Change: In this financial statement, due to the uncertainty of the impact of U.S. tariff policies,
Speaker Change: Your secure solar the engineered air kg Cosmos.
Speaker Change: The earnings forecast will be disclosed on an extraordinary basis.
Speaker Change: Conrad Castilla Clark tank annuity Kyushu has taken one or no.
Speaker Change: Although we will absorb the tariff costs by adjusting prices, we will carefully examine the impact on demand over a certain period.
Speaker Change: <unk> and AQR, each cube, Karl K serious estimated mass.
Speaker Change: A small tunnel yoga and QR stormy and I don't know.
Speaker Change: Although the current business environment is uncertain, we are pursuing the results of structural development.
Speaker Change: Zakayev cannot ceragon on CQ.
Speaker Change: The Engle Saratoga had community social Zurich Yoko away from us.
Speaker Change: We commit to increased revenue and profit by demonstrating the growth potential of all our businesses.
Speaker Change: Now say, okay, Youre, So keno Hill Sorta Koga incur then Ankara carrier to Hugo causes of gains or Christine.
Speaker Change: In addition, the growing company has increased its development costs by 5 billion yen from the previous year to strengthen its competitiveness early.
Speaker Change: The income how it also lower than in those silk air cooled youre in Kosmos.
Speaker Change: The annual dividend forecast is set at 104 yen as of the end of the previous fiscal year.
Speaker Change: Sorry, Honey CABG gano Saito of saying that we can see their assessments.
Speaker Change: Finally, I will talk about the growth strategy for government projects.
Speaker Change: So really a homecare not many highly much.
Speaker Change: Now, let's move on to the explanation of the main content. Please take a look at the page.
Speaker Change: Copays yogurt uncle assay.
Speaker Change: How do you many of you say in Israel and in the not smoking cigarettes.
Speaker Change: First, here are the full-year results for the fiscal year 2024.
Speaker Change: You're not you all I'm young people walk Bronco Hefei.
Speaker Change: Please look at the center of the table, at the partially knitted section.
Speaker Change: <unk> has sent you had your Oklahoma.
Speaker Change: Uriage Daka, Hatsun, Yu Hachokuen. [inaudible]
Speaker Change: <unk> key Sunday.
Speaker Change: Gross profit of 357.1 billion yen
Speaker Change: In energy, we joke ramp.
Speaker Change: But here again, Saudi eighty-two, Yanzhou young Singapore Central.
Speaker Change: Gross profit margin 44.5%
Speaker Change: <unk> work, we owned European Tor Omonia, then going towards is really not at this time I stop.
Speaker Change: The operating profit was 54 billion yen, which was generally in line with the previous forecast.
Speaker Change: They need your video with Alcoa sale could you go in OIBDA medial son-in-law comic any closer than that that your children the Eagle rock.
Speaker Change: Compared to the previous year, sales in the regular business were significantly impacted by the high level of orders in the first half of fiscal year 2023, resulting in a decrease of 2.1% to 801.8 billion yen.
Speaker Change: I mean.
Speaker Change: Meet Hbos internal Hossein you had choker Anthony mashed up.
Speaker Change: Hey, good AQR <unk>, two knockout Dania Coty call. It gung Ho of annuity, but US gives you another thing on patterns at all or have an up though extraordinary might stop.
Speaker Change: Operating profit saw a significant increase of 57.4% due to improvements in the gross profit margin and the efficiency of fixed costs.
Speaker Change: Talk of June the AQR causal Kirk Wilson and look at them all.
Speaker Change: The current pilgrimage expenses, even while advancing structural reforms, amounted to 16.3 billion yen, which is 100% more than the previous year.
Speaker Change: <unk> plus capacity gone all her local youth Alcuin thought 90 mashed up.
Speaker Change: So the debt <unk> segment with the largest figures.
Speaker Change: Next are the results by business segment.
Speaker Change: Maazel saved you hear this.
Speaker Change: First, it's a government project.
Speaker Change: Smokey coal urea cannot yoga mirrored at Warner Media assignments are coming you know Julien Echo annuity.
Speaker Change: After the second half of the fiscal year, a gradual recovery in demand was observed. However, due to the impact of the suspension in the first half of fiscal year 2023, sales revenue decreased by 8.3% year-on-year to 360.8 billion yen.
Speaker Change: At Goa, then they heat minus the Hodgkin's impasse internal sundin, Coca Cola joke internally mashed up.
Speaker Change: Oh, the AQR <unk>, Saudi acreage knockout Dania hotel he called his community.
Speaker Change: Operating profit saw a significant increase of 69% to 36.3 billion yen, due to improvements in the gross profit margin and the efficiency of fixed costs.
Speaker Change: Plus <unk>, 2% on all some deku brokerage Osaka and thought will have on our extraordinary mashed up.
Speaker Change: It is scheduled this.
Speaker Change: Dew within all Cogent ensure title kits S. Kashi on Corso get can acquire.
Speaker Change: It is a healthcare business.
Speaker Change: In addition to the stagnation of personal consumption in China and the intensifying competition in the blood pressure crystal market
Speaker Change: New York, San Antonia shortage that normalize I don't know if that was you know handle annuity.
Speaker Change: Due to the special reaction of the nebulizer that occurred in the fiscal year 2023
Speaker Change: Who do you agree that golar minus neat and look pass internal saying you only agricultural COO Graham.
Speaker Change: Sales were 145.9 billion yen, a decrease of 2.6%.
Speaker Change: Hey, good AQR minus Gordian Sunpower Sentinel heckled knowledge awoken thought 90 mashed up.
Speaker Change: The operating profit was 17.5 billion yen, a decrease of 5.3%.
Speaker Change: Chuck I assume as you go this.
Speaker Change: In <unk> traditional NGO oily histological theyre, a good dye young guy or Choppiness neat threat. Although there would you argue that golar put us meeting our it's present on all sang you only had Google your local Graham.
Speaker Change: It is a social infrastructure business.
Speaker Change: By steadily capturing expanding business opportunities in the energy solutions and railway businesses, sales increased by 2.8% to 145.6 billion yen.
Speaker Change: Hey, good AQR put us Duke you 10, allopaths ethanol or crude acocella choker and thought now you Marcia.
Speaker Change: Operating profit increased by 19.7% to 16.8 billion yen.
Speaker Change: The engine behind this.
Speaker Change: It is an electronic components business.
Speaker Change: There are <unk> CA Yoko Jewish any yoga can Tony reached Amano Oconnor area. There are th unasked Yoga kids will stop altogether with yogurt Alcoa nine US nothing has patent on all sang module European thought nerdy muster.
Speaker Change: In China, although demand showed a significant trend centered on civilian commercialization, in other areas, the market conditions remained sluggish, resulting in a sales decrease of 7.8% to 105.4 billion yen.
Speaker Change: Hey, Gordy AQR congratulate somewhat okay, all the area got THR Swedish doubles inquire.
Speaker Change: Operating profit was sluggish due to the high value-added rate in the European and American areas.
Speaker Change: So as I recall, Georgia on April cure or have an app game tiny myself.
Speaker Change: Due to the impact of rising material prices, there has been a significant increase in costs.
Speaker Change: Sorry, Honey data solutions regardless.
Speaker Change: Lastly, the data solutions business.
Speaker Change: Jamie <unk> sure it has to be clean energy yoga can Tony to each mashed up.
Speaker Change: GMDC Corporation's health big data business showed remarkable progress.
Speaker Change: Data solutions Eagle's anti dollar would you argue that the only acquisition in Oklahoma.
Speaker Change: In the overall data solutions business, sales amounted to 42.7 billion yen.
Speaker Change: Hey, good AQR towards year, Lincoln clean coming out in case, some sugar for another annuity mutual had choker and thought 90 mashed up.
Speaker Change: Operating profit amounted to 2.8 billion yen due to investments and amortization of intangible assets related to consolidation.
Speaker Change: But at our <unk> your Zen into her stocks they put out with.
Speaker Change: This is a step chart comparing operating profit with the previous year.
Speaker Change: Connecticut agile needs it tomatoes from us.
Speaker Change: I will explain from left to right.
Speaker Change: Muddle narrow ichi regain your route <unk> Gainesville this.
Speaker Change: First, (1) the decrease in gross profit due to a decline in sales.
Chuck: Chuck I assume as you go in a roku kaku Giordano with Aes <unk>, Okay, James or the nickel will you sound cannot be aching installed now your master.
Chuck: Excluding the social systems business, the impact of decreased sales in each business resulted in a total profit reduction of 25.3 billion yen for the entire company.
Chuck: So union Meroni with Zodiac, it's not qiagen. This.
Chuck: Next is the improvement of the gross profit margin.
Chuck: Fan out of Shanghai was on the occasion of our Gainesville, starting gway share.
Chuck: In addition to the decrease in the form of inventory valuation loss
Chuck: And although it's in our core lawyer costal Donald to reconfigure curious with yoga soda acreage swap or have any guidance you might stop.
Chuck: Efforts to improve production operation rates and reduce costs have been effective, significantly improving the gross profit margin.
Speaker Change: Okay.
Speaker Change: The entirety of our <unk>.
Speaker Change: As a result, there was an overall profit increase of 15.2 billion yen.
Speaker Change: And Youll cannot vehicles, all tornaria muster.
Speaker Change: Cyrene Nardoza Kotte Hino Gainesville this.
Speaker Change: Finally, (3) the decrease in the fixed ratio.
Speaker Change: Cocoa Knight Tiger, Idaho Jesu cited can acquire K.
Speaker Change: In addition to optimizing the number of personnel domestically and overseas
Speaker Change: <unk> core discount, particularly me Chuck Wilson each intense.
Speaker Change: Efforts to streamline expenses have steadily progressed, resulting in an overall profit increase of 26.4 billion yen in fixed costs.
Speaker Change: <unk>, you have kudoka, yonker, and not vehicles or towards I can muster.
Speaker Change: These unions on all just taking considerable guar this.
Speaker Change: That concludes the report on the achievements of the fiscal year 2020.
Speaker Change: To retail it usually when endo, Nokia who needs three tests, it's made us much.
Speaker Change: Next, I will explain the contracts for the fiscal year 2025.
Speaker Change: <unk> Branco assay.
Speaker Change: Please look at page 9.
Speaker Change: Muscle nishu when ethanol legal accounting can use kyocera Seamus.
Speaker Change: First, I will convey the business environment outlook for the fiscal year 2025.
Speaker Change: As you model. The Congress is a clinical hiking Cherokee Harris gear to answer but can you go in early two hour doorman canola tokamak Deluge oculus.
Speaker Change: Currently, against the backdrop of the impact of tariff policies, there is increasing uncertainty in the pharmaceutical equipment, healthcare, and electronic components sectors.
Speaker Change: Sales at <unk>, and she was <unk> lower than the anchor our solitaire Jacobo yourselves through Tomita, a muscular congresses that Noel community Shinkin all has to be tortured yoga. It is take any gains or pursue risk report niche demos.
Speaker Change: We expect the demand for oil refining machinery and electronic components business to remain generally flat compared to the previous year. However, we recognize the risk that new capital investment demand may temporarily slow down due to the impact of tariff policies.
Speaker Change: He'll schedule annuity to our global Zyla Casas case, you don't know how to react to a K looks phenomenal chew up where they are then Nicaragua Kubota endorses.
Speaker Change: In the healthcare business, although the global blood pressure monitor market is expected to continue expanding, it is projected to remain flat in China compared to the previous year.
Speaker Change: Thus Congress is equiniti shukria kookaburra choosing how do you ensure he got it sticking against the skull niche demos.
Speaker Change: However, we recognize the risk that personal consumption may temporarily slow down, particularly in China and North America, due to tariff policies.
Speaker Change: Joanne or are going through each of our HQ count Sujit de <unk>.
Speaker Change: We will assess the impact on demand through primary institutions.
Speaker Change: Now Shanghai stems Hugo Irby data solutions youre going through each of our nuclear units to the oily Cantona <unk> Forte Cmos.
Speaker Change: Regarding the social systems business and data solutions business, we anticipate a notable business environment similar to that of fiscal year 2024.
Rita: Rita Congresses of Canola Charcot Stern AQR was estimation much.
Rita: Next, I will explain the impact of tariff policies on our company's costs.
Speaker Change: He doesn't garner engraft le vehicle cleaning up an inaugural area course Adas.
Speaker Change: The pie chart on the left is a diagram of the area composition at Univark in the United States.
Speaker Change: She will now use a cure metal hiland Daddy, So kansian acres, all key to Oakland visa DIGIPASS entity list.
Speaker Change: The main import sources are Vietnam and Japan, and the proportion of China, which is greatly affected by mutual tariffs, is about 20%.
Speaker Change: Shiatsu Cocomo godmother knee hop closer at that Congress is of course antennae Heiko of course, such that K Cup.
Speaker Change: As a result of estimating the impact based on the tariff policies announced by July 9th
Speaker Change: We will present, either Friday, there have brokers Yoko Ono Costa Silva assesses the total water Seamus.
Speaker Change: It is assumed that the entire group will experience a cost increase of up to 16 billion yen.
Speaker Change: Cornwall hungry across the entire sure Qian Hosch Interstate Kirk think annually from AQR Q system out of us.
Speaker Change: As a basic policy, we will absorb the impact of this tariff cost through price conversion.
Speaker Change: Quiet at Sirius and chicken homemade us air Corsair, sorry, he not shimoga sake Heng Cornetto Congress is a kernel tiresias wauneta separation of courts Carcinomas.
Speaker Change: In addition, we will advance the construction of a supply chain that is prepared for tariff policies by moving forward production between regions and changing the destinations of parallel production products.
Speaker Change: So any change on all your SKU endorsing <unk> session.
Speaker Change: Next, I will provide an update on the company's overall performance outlook.
Khakamada: Khakamada was Smith's authority, Kansas is agnico toe, so they need tomorrow show Echo of Soul Medical Takara.
Khakamada: As explained so far, due to the uncertainty of the impact of tariff policies and the resulting market effects, the business performance plan for this term will be disclosed at a later date.
Speaker Change: You know you also Coca Cola dengue 10 kg Cosmos.
Speaker Change: Sure I mean forgive me walk around class eight.
Speaker Change: Please look at the central, partially knitted section.
Speaker Change: And you know jogging <unk> Youll Artemis study muscular the engine Nakagawa Geo handle in euro and yen Tau.
Speaker Change: We are indicating both the upper and lower limits of the range, but the lower limit of the range is due to a decrease in sales caused by demand fluctuations.
Speaker Change: Sure Costa law, Kyushu, scrutinize, the score or demos.
Speaker Change: We are factoring in the risk of not being able to fully absorb the increase in our own costs.
Speaker Change: You also get into a regular car.
Speaker Change: The performance range is from 835 billion yen to 820 billion yen in sales.
Speaker Change: Hassan Some deco goes European Qatar has seen Jaco Graham.
Speaker Change: AUR AQR looked capable European corolla worker LPG, Oklahoma.
Speaker Change: Operating profit is from 65 billion yen to 56 billion yen
Speaker Change: Talk during the AQR, some deck virtual walkway Ankara near Coogee, Oklahoma.
Speaker Change: Current net income is from 35.5 billion yen to 29 billion yen.
Speaker Change: Our OE auto IC in situ are further a young person together some patented or we can leave us.
Speaker Change: We expect ROE and RIC to be around 4% to 3% respectively.
Speaker Change: Gain details all 10 of our discover Kansas cashed them, all <unk> Zurich Youre character Cafe standards I talk on 19 months.
Speaker Change: At this point, even if risks materialize, we intend to firmly achieve increased revenue and profit.
Speaker Change: Retail segment of ethanol Caleb this.
Speaker Change: Next, the plan by segment.
Speaker Change: Home page, Nicola and you know Julien chosen antennae or estimation of us.
Speaker Change: From this page onwards, we will explain based on the upper limit of the range.
Speaker Change: Sales TD or this.
Speaker Change: Your knee landowner Fujian also Tesla one or no.
Speaker Change: It is the Nishikou project.
Speaker Change: The classes are expected to be at the level of the 2024 academic year.
Speaker Change: So when you look at our circle of course, social Zurich Youll KBR Christmas.
Speaker Change: We will implement measures aimed at growth and plan for increased revenue and profit.
Speaker Change: Now <unk> can you are there any plus goes Yoko Ono Cai had fewer recon demos.
Speaker Change: Furthermore, the operating profit includes a development cost of 5 billion yen more than the previous year.
Speaker Change: It is scheduled this.
Speaker Change: Shinko over their kits are scheduled for October staple HOKA.
Speaker Change: It is a healthcare business.
Speaker Change: In addition to acquiring the blood pressure monitor business in the new Koko country, we plan to increase revenue and profit by strengthening proposals to major corporate clients in North America, expanding sales channels in China, and introducing high value-added products.
Speaker Change: Aqua, where they know all the whole gene Cory Aquino to Antioquia chew up within all hambletonian or how could you.
Speaker Change: Quiet at Kolkata, it's showing ottonian Yuriy <unk> Zurich your care Christmas.
Speaker Change: Shanghai is similar to yours.
Speaker Change: Johan de got Snookered in Iraqi solutions, yielding OTA.
Speaker Change: This is a social systems business.
Speaker Change: In the energy solutions business, where demand continues to grow, we will strengthen our channels and introduce new products, planning for increased revenue and profit this fiscal year as well.
Speaker Change: January Coca here, she ensuring ottonian Smith.
Speaker Change: And then the more Xhosa Zurich your cake Oxy must.
Speaker Change: To answer with any of this.
Speaker Change: Handle tight <unk> yogurt dental geochemical Knickerbocker.
Speaker Change: It is an electronic components business.
Speaker Change: In addition to anticipating a recovery in demand in the semiconductor and electronic equipment sectors
Speaker Change: <unk> sanction austerity is shaving of Costa Hyatt was Smith, Xhosa Zurich Yokeag Cmos.
Speaker Change: We plan to increase revenue and profit by organizing asset models and advancing cost reforms in HCM.
Speaker Change: <unk> data solutions regardless.
Speaker Change: Lastly, the data solutions business.
Speaker Change: J M D C should air tight with the.
Speaker Change: We plan for high sales and profit growth at JMDC, while continuing to invest in the creation of data services.
Speaker Change: <unk> H O K called Subito Tony.
Speaker Change: Data sorry, we saw simulator tour shortcake's looks taken us.
Speaker Change: Now Congress between three to a venture yoshiaki handle risk to stay high G. Seamus.
Speaker Change: Furthermore, the tariff risk is disclosed as a company-wide performance fluctuation risk.
Speaker Change: So you know Pedro on class eight.
Speaker Change: Please see the next page.
Speaker Change: But at our <unk> Cta, Israel and in total shock stocks they put out with.
Speaker Change: This is a step chart comparing operating profit with the fiscal year 2024.
Speaker Change: Muddle Maruti <unk> is all in Euro will Jaeger soda can always work on this.
Speaker Change: First, (1) the increase in gross profit due to increased sales.
Speaker Change: Then <unk> then all with yoga HOA combing the answer that you have could you sound cannot dig as a okay oxime us.
Speaker Change: We plan to incorporate sales growth across all businesses and aim for a company-wide profit increase of 21.3 billion yen.
Speaker Change: Skinny Mulrooney with yoga, Saudi Achy is causing this.
Speaker Change: Next, (2) improvement of the gross profit margin.
Speaker Change: Cannot assign yoga at only three two are New Zealand on all Kaiser habit Gold Cup the handle there.
Speaker Change: Regarding the evaluation of inventory production, due to the significant improvement in fiscal year 2024, there will be a negative impact compared to the previous year.
Speaker Change: <unk> you are minus eight autonomous.
Speaker Change: He bought <unk> terminal sales, Okay here is <unk> <unk>.
Speaker Change: On the other hand, due to the improvement in the manufacturing fixed ratio associated with sales expansion and the effects of the business mix, we are planning an overall profit increase of 7.6 billion yen.
Speaker Change: <unk> mix neutral Coke annuity then.
Speaker Change: There are none as you local cannot vehicles all chaos Seamus.
Speaker Change: Save on marathon contagious.
Speaker Change: Finally, ? fixed ratio.
Speaker Change: Causal kayak and all stakeholders can we pull their sales.
Speaker Change: While pushing the achievements of structural explosives, we will reflect growth investments centered on pharmaceutical companies and commit to a 14 billion yen increase in fixed costs.
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Speaker Change: Yanzhou Plano <unk> from us.
Speaker Change: Say total <unk> cost estimation mass.
Speaker Change: Regarding growth investment, we will explain on the next page.
Speaker Change: So reidel irrigable anthracite.
Speaker Change: Please look at the left side of the slide.
Speaker Change: Muscle only into our <unk> euro vehicles, though anyway.
Speaker Change: First of all, this fiscal year, in addition to profit increase due to sales growth,
Speaker Change: Causal kayak Coke annuity exa saw slim us.
Speaker Change: We will promote profit generation through the effects of structured drugs.
Speaker Change: Coronary global <unk> Ching jaw Kyushu, Chanel animal Chr tour stop <unk> Dougherty saw her body mass.
Speaker Change: This will allow us to balance growth investments and profit growth while absorbing global wage increases.
Speaker Change: CA total sure they named plus have been easier walkway, okay extorting muscular <unk>.
Speaker Change: Growth investments have been contracted at approximately 12.5 billion yen compared to the previous year, and we will selectively execute investments in businesses with competitive advantages and high growth potential.
Speaker Change: <unk> also you say, Gary Saito, San anti aging away gain same step towards shortly cosima Amos.
Speaker Change: Slide Amigo Ranke say.
Speaker Change: Please look at the right side of the slide.
Speaker Change: Total knee sales <unk> inaugural <unk> KFC pizza.
Speaker Change: In particular, the research and development ratio in the pharmaceutical equipment business will significantly exceed the average level of the past 10 years due to an increase in investment of 5 billion yen in development costs.
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Speaker Change: Cannot toss your hunch.
Speaker Change: We have decided to execute this investment early, as it will contribute to sales growth this term and in the future, and serve as a foundation for our future strategy.
Speaker Change: Nike corner with yoga serotonin kill sort of HOKA.
Speaker Change: <unk> signed up on our Keybank mono step Soggy course, Victor escaped my stock.
Speaker Change: So you know sort of ethical IRA sale could you you all know Katherine <unk>.
Speaker Change: From the next slide, I will explain about the contracts for the cultivation business.
Speaker Change: Muscle sales <unk> Geo conquer all girl Cabot's any of freshness.
Speaker Change: First, I will explain the business environment of the surplus cost business by industry.
Speaker Change: These are real case.
Speaker Change: CCA Continental she got a couple of extraordinary.
Speaker Change: It's the digital industry.
Speaker Change: Investment related to generative AI is on an expansionary trend, and in China, it is expected that investment in domestic equipment manufacturers will continue.
Speaker Change: But there are some kind of guitar, so Jamaica Tosca Calix will told me demos.
Speaker Change: Siggi Kankuamo ODT yogurts.
Speaker Change: Next is the environmental mobility industry.
Speaker Change: Zero coking, Iowa, even of Cuba, Cemig urea, Connie Tosca Kayak suite, Amit Amos.
Speaker Change: In China, the adoption of EVs is progressing, and it is expected that investment will gradually recover.
Speaker Change: Total knee <unk> three to a Q O Q because of our commerce array of clinical.
Speaker Change: In particular, the supply of secondary batteries is easing, and signs of recovery are beginning to appear.
Speaker Change: Because our small EMEA Hajime themis.
Speaker Change: Is it in the yoga annuity more Congress is going to <unk>.
Speaker Change: In any industry, we will pay attention to the impact of tariff policies.
Speaker Change: Hey, Joe Bronco site.
Speaker Change: Please see the next page.
Speaker Change: Post the reservoir due to Tor that it tends to seamlessly.
Speaker Change: In this slide, we will explain the trends in orders and the level of in-store retention.
Speaker Change: <unk>, it's made us much.
Speaker Change: Getting a little bit of hope will anchor assay.
Speaker Change: Please look at the graph on the left.
Speaker Change: Israel handle young kids cannot Youtube Susan.
Speaker Change: The order level during the 4th grade period of the 24th fiscal year has slightly toughened from the 3rd grade, but we expect a gradual recovery trend to continue into this term.
Speaker Change: Thank you Corrado noncash the mono conquian targeting more urea can archive current chaotic atomic demos.
Speaker Change: Skinny Niigata would've hoped bronco assay.
Speaker Change: Next, please look at the graph on the right side.
Speaker Change: That retains iacona, Susan Sweeney CAGR custodian.
Speaker Change: The inventory levels at the store have already normalized, and it is expected that they will be maintained at appropriate levels in the future.
Speaker Change: <unk> indicated resources.
Speaker Change: So could you go and consider our system here in Dallas.
Speaker Change: That concludes the explanation of the regular business.
Speaker Change: Horizontal Saigon E covenants hanging through tests estimate as much.
Speaker Change: At the end of this chapter, we will explain shareholder relations.
Speaker Change: New Zealand on all <unk> Hietala short CAGR could already have you and all your cash 30 months.
Speaker Change: The annual dividend for the fiscal year 2024 is planned to be 104 yen as per the basic plan.
Speaker Change: Continental and incur high to us or more neutral you only anatol do ethanol hilco youre and pushing us.
Speaker Change: The annual dividend forecast for this fiscal year is also set at 104 yen, the same amount as for fiscal year 2024.
Speaker Change: Causal Coyote Canyon, whatever causal coworking still on a tour show how you send the considerable.
Speaker Change: In the Department of Structural Science, while prioritizing investments necessary for structural science, there will be no change in the shareholder return policy.
Speaker Change: Covenants hanging hashimi cardio out with Amazon.
Speaker Change: Hi, Toa covenants, Shanghai tourist some personal tastes RBS and.
Speaker Change: Dividends will be aimed at approximately a 3% shareholder equity dividend rate, and we will strive for stable and continuous returns.
Speaker Change: And to the key customer cares of retina Congress needs to maintain 80 months.
Speaker Change: Israel, Egypt, when Endo careful and considerate estimated was a must.
Speaker Change: This concludes the explanation regarding the plan for the fiscal year 2025.
Speaker Change: So Rita sale Koji Ono sacral centre Green III estimate as much.
Speaker Change: Next, I will explain the growth strategy for the cultivation business.
Speaker Change: Actually most of the our Geo Cangiano Thomas Kahn lot Giamati Mariano.
Speaker Change: Although the business environment is becoming increasingly uncertain at the moment
Speaker Change: So there was superior in Frio hike is a star <unk> separating the henke and Aloha Congo, more calculate sort of show that Tony Carnival atmosphere.
Speaker Change: There is no change in the fact that it is a market that will continue to expand, driven by automation needs due to labor shortages and inflation, as well as changes in the supply chain.
Speaker Change: So no new York's Coyote, Raia, <unk> ticking up surcharges skin symptoms.
Speaker Change: In order to seize that business opportunity and achieve sustainable growth, we have been reviewing our growth strategy since last year.
Speaker Change: Secondly, Iot Saito senior quote monastic you might stop.
Speaker Change: Haunted thoughts on of course show or slashed item, we must.
Speaker Change: Today, I would like to convey the details of that individual city.
Speaker Change: So your value.
Speaker Change: Grantor Kunal, you're already not seeing Chris.
Speaker Change: It is the evolution of both value and front.
Speaker Change: Muscle volume no singular image repertoire takeover catching all alkali cycle occurs.
Speaker Change: First, the evolution of value means the expansion and strengthening of the value provided.
Speaker Change: So stay more towards of our Toronto machine cut so Marty hatching autologous ethanol, citing Chris.
Speaker Change: And another is the evolution of the front, in other words, the optimization of how value is delivered.
Speaker Change: I wanted to ask one hopes that surgical knee sales <unk> Tomatoes maths.
Speaker Change: Today, I will explain the evolution of the Western Crisis Project based on these two axes.
Speaker Change: Muscle, but even though mid tossing contrary to this.
Speaker Change: First, about the three evolutions of value.
Speaker Change: June's estimate estimates.
Speaker Change: I will explain from the bottom up.
Speaker Change: Certainly our <unk> business in <unk>.
Speaker Change: The first is the development of a competitive product lineup in the core business.
Speaker Change: All forward Oclaro showing lineup in our coach for this.
Speaker Change: Combo vision of Swat Chr Society safe music owner coupon Gary.
Speaker Change: The combo business is the foundation of our growth-supporting cultivation technology business, and we will develop a competitive product lineup and expand globally.
Speaker Change: All forward Ocado show inline of Posole Grover neat Teng ICP Ms.
Speaker Change: Certainly our solution being a singer Carol handled I O V E reader at Keno Hawker says.
Speaker Change: The second point is the focus on the semiconductor and EV sectors in the solution business.
Speaker Change: Sage O'kane Silicon Iraqiya Cumulus autonomy.
Speaker Change: We will further hone our strengths in this area that drives growth and capture the wave of greater demand.
Yuri Orkin: Yuri Orkin Ajilon Army authorized taking us.
Speaker Change: Mid similar data solution on this.
Speaker Change: The third one is a data solution.
Speaker Change: <unk> already had a Turner data solutions, so let's sheet Jody Okinawa Coca Cola in HOKA Assortments are seeking us.
Speaker Change: By integrating IT and OT, we aim to create new data solutions and address larger customer challenges.
Speaker Change: So stay safe when you've grown torturing Christophe.
Speaker Change: And finally, the evolution of the front.
Speaker Change: Chordoma the Xen area. It is to the solutions business into Keister, Terracycle, which cosmetically Mastella Congo, <unk> gerken easy, citing kuchta Humboldt IC ecorse, taking us.
Speaker Change: Until now, we have been working on building a uniform structure for the solution business across all areas, but going forward, we will transition to a sales structure optimized for customer needs in each area.
Speaker Change: You took any costar chicken on Keybank Corrado potash such notes Yoni Geoscience League tables are quite as much.
Speaker Change: Next, I would like to introduce our strengths, the business operators, which form the foundation of this evolution.
Speaker Change: So I don't know if psychology needs estimate is nuts.
Speaker Change: I will explain the slides from the bottom up.
Speaker Change: Muscle com provision as annuity to our yoga as Louis Juneau lineup ports Logitech, knocking lottery all in all we have some money cuts you'll take austerity myself.
Speaker Change: First, in the comp business, we have been providing value to many customers over the long term through our industry-leading lineup.
Speaker Change: Kinsey Umass I mean overall, we got some auto Samsung M&A, she or he territory.
Speaker Change: Currently, our products are being used in the production sites of 100,000 companies, supported by a network of approximately 2,500 distributors.
Speaker Change: Our society, the Nova Jaco, you're saying web channel dial tended to ask this.
Cornwell: Cornwell Murano Okinawa to I mean, most of this.
Cornwell: This is one of Omron's great strengths.
Speaker Change: So it's the jerk Nicola solution vision ethanol tank on your study.
Speaker Change: And since 2016, in the development of the solution business, innovative applications and competitive points with customers,
Speaker Change: <unk> seen a pretty core GAAP tunnel for silica Tam.
Speaker Change: <unk> organized Ukraine has seen it all <unk> CTO change taking us up.
Speaker Change: With seasoned SEs rich in industry knowledge, we have honed many strengths and driven growth.
Speaker Change: Data solution your OIBDA more cohesin again by the entire sort of watsco knowhow digits.
Speaker Change: In data solutions, high-quality field data, the know-how and technology to handle it, and the high-belt service are Omron's unique strengths.
Speaker Change: So stay high vehicle side, we forgot komodo no unique or not so when we talked in 18 months.
Speaker Change: Corporate our tunnel Cosmos Ekaterina kimono Saito, all came through Giuliana gander within biomass.
Speaker Change: These are not just past achievements, but also important driving forces for future growth.
Speaker Change: <unk> Hangzhou handguns, Piero must nakagawa Kunal <unk> sat on it to come in.
Speaker Change: However, in the face of accelerating environmental changes, it is necessary to further enhance this strength.
Speaker Change: You know I know Catchier Tau chaotic political me guys to this.
Speaker Change: Efforts to transform into future value are necessary.
Speaker Change: So look for that barrel foster front announcing Chris <unk>.
Speaker Change: That is the value, and the evolution of the front.
Speaker Change: <unk> estimates that much.
Speaker Change: I will explain in order.
Speaker Change: Maazel closer Lucado showing lineup no coach for this.
Speaker Change: First, it is about building a competitive product lineup.
Speaker Change: Secondhand or AUM lower mutual Oakland imagine all show he knows them up was a fish.
Speaker Change: Last fiscal year, Omron formulated a product roadmap up to fiscal year 2026.
Speaker Change: Funding either by tornado Jan Giannino show, he or she journey toward music from us.
Speaker Change: We will introduce 42 products to the market, doubling the number over the past three years.
Speaker Change: Sometime any coach cut our highest resource all his own show he know circa Heng Kolkata, she showing Iot it will say sooner social character Hackett equal Davis.
Speaker Change: For that reason, from this term onwards, we plan to shift our development resources from redesigning existing products to developing new products, and to make the necessary investments accordingly.
Speaker Change: Meanwhile, we're anchor assay.
Speaker Change: Chinchilla in not only our Omani com for business I'm not sure how to dial in and out of steam Africa sale.
Speaker Change: Please look to the right.
Speaker Change: The launch of the new product is primarily aimed at expanding the share of the component business.
Speaker Change: <unk> telco custodial giuliana separate them out of us.
Speaker Change: It is also an important measure to strengthen the entire Western crisis business.
Speaker Change: Thanks, taking you are somewhat onshore dunker in chocolate flipped to a much wrong.
Speaker Change: In the short term, it will directly lead to opportunities for negotiations with customers, of course.
Speaker Change: Duke will be another <unk> <unk>.
Speaker Change: We can strengthen our competitive advantage in areas such as China and Europe/America.
Speaker Change: I dunno coastal USA or Coca Cola bottler, they give us.
Speaker Change: So stay tune, taking you are showing in portfolio and also I think Tony Martino Animas.
Speaker Change: And in the medium term, it will also lead to the optimization of the product portfolio.
Speaker Change: <unk> seen showing a torn uva Pocono SK Colgate stay on air quality water summit.
Speaker Change: The launch of these new products serves as an offensive strategy for many SKUs.
Speaker Change: We've got some money go who've been Okaka Shnaika Saturday siding costs medical direct you must.
Speaker Change: We can proceed with optimization without causing inconvenience to our customers.
Speaker Change: Skinny solution business Carol handle tight he really Oregon or caucuses.
Speaker Change: Next, the effectiveness of semiconductors and the EV field in the solution business
Speaker Change: Solution being a sarcoma there, it's just a new York IL, two opioids to stare preclinical muscular <unk>.
Speaker Change: The solution business has so far focused on five industries as its core areas, but going forward, we will particularly narrow down to the fields of semiconductors, EVs, and secondary batteries, and strengthen our solutions.
Speaker Change: <unk> talked many handle title easily easy engine, a European issue welcoming solution Holdco cash taking us.
Speaker Change: He has also grown closer.
Speaker Change: Please look at the figure on the left.
Speaker Change: Sales Organoid data took many handle title easily easy to ensure she joined <unk> cell therapy one.
Speaker Change: In the manufacturing industry, particularly semiconductors, EVs, and secondary batteries, the market growth potential is high.
Speaker Change: One of the cleaner Henk on the speed of my item.
Speaker Change: The speed of change in manufacturing is also fast, making it a field with overwhelmingly large investment scales.
Speaker Change: Torsk yoga at total Muni Okinawa.
Speaker Change: Hello, Julian on Ami arthritis, Cordova, Komodo CH annuity he joni jewelry autonomous.
Speaker Change: Capturing this wave of demand will be extremely important for future growth.
Speaker Change: Meanwhile, nonsteroidal Bronco assay.
Speaker Change: Please look at the slide on the right.
Speaker Change: Wanted to handle taiyo cocaine treaty assessments.
Speaker Change: Today, I will talk about strengthening the semiconductor field.
Speaker Change: On the lower Colorado, they sell to Federal Court, Arizona save you saw so many <unk>.
Speaker Change: Omron has continued to be chosen by customers by leveraging its strength in high-precision control technology required in this field to create many innovative applications.
Speaker Change: <unk> taken our application with US we've got so many robotics look at hemostat.
Speaker Change: <unk> certainly the worst time, and you are going to incur a junior and spun that yesterday Matar Somsak you know <unk> Xiaomi setup cut is with regards to this.
Speaker Change: In order to further expand this field, it is necessary to create value with a view to next-generation and future technological innovations over a span of 5 to 10 years.
Speaker Change: Some of them are.
Speaker Change: So many Yuri meet chucks to marathon archive social Smith.
Speaker Change: Therefore, in order to be more closely aligned with our customers and advance the creation of new value, we have established a specialized semiconductor organization as of this April .
Speaker Change: She got theory handle title symbol secure for say touch myself.
Speaker Change: Congo, HOKA quota and all leading companies with Santander.
Speaker Change: In the future, we aim to innovate manufacturing processes in advanced fields together with leading companies in each stage.
Speaker Change: <unk> sales of restructuring o'meara for HOKA.
Speaker Change: Because arsenal auto quoting at a yoga sandal.
Speaker Change: After automation progresses, we will work on establishing a manufacturing process that becomes the industry standard.
Speaker Change: Sales of our snow cargo results may take us.
Speaker Change: Sure. So now just again UK total J offshore guys I figured arguments.
Speaker Change: Today, I would like to introduce one example towards its realization.
Speaker Change: Homeowners Noah <unk> take you to detect colon they started seeing cancun a coach go Hong Kong <unk> through <unk>.
Speaker Change: Omron will actively promote the construction of an advanced digital twin environment through technology collaboration with NVIDIA.
Speaker Change: <unk> <unk> <unk> and <unk> three D simulation on Pratt the home or <unk> is available today.
Speaker Change: This time, by integrating Omron's control design tool with NVIDIA's 3D simulation platform,
Speaker Change: <unk> benefits via sorts enable a focal chondral the corsair Donnie sagging cancel the curious comical.
Speaker Change: We have realized a system that can accurately reproduce and verify the inside of on-site equipment and devices in a virtual space, as well as optimize settings using AI.
Speaker Change: <unk> said <unk> coal discussion my stock.
Speaker Change: Coronary whatever I don't know solution, Oklahoma fore sight agonist you guys'.
Speaker Change: This allows us to maximize the performance of our solution.
Speaker Change: So it's no touch area travel Italian aquatic Scott Sarah on your sales and gain by the internal serious answer a closer look at our Shanghai <unk> hover Huey yoga AA takeaway kudo enormous.
Speaker Change: We will be able to provide support for the efficient startup and troubleshooting of equipment, as well as for improving the productivity of the entire production site, to a wide range of industries.
Speaker Change: So steady gains I know it is all kinds of foods.
Speaker Change: And currently, we are advancing the implementation of Omron's X-ray automatic inspection device, AXI.
Speaker Change: X I know you saw some 18 months.
Speaker Change: Ex Iowa horizontal sales store it confirm OTT covanta cash coupon of novel Cancer Research study.
Speaker Change: AXI is a device that can inspect the interior of small electronic boards using our control equipment and X-rays.
Speaker Change: Total knee beside car.
Speaker Change: Secure personal center handled Tyrone case, according OIBDA takahe cocoa 18 months.
Speaker Change: It is highly regarded in the inspection process of advanced semiconductors, particularly as miniaturization and layering progress.
Speaker Change: What Arnold Ogawa XL Naval historical Canzone sagging star as of this call.
Speaker Change: The video you are watching is a reproduction of AXI's live performance in a virtual space.
Speaker Change: <unk> started work networks it cousineau source H cancer head on all those amount over many times, yeah, Ronny Saiga index demos.
Speaker Change: The movement of the workpiece being transported, the X-ray irradiation position, and the operation of the inspection head are all accurately reproduced to the millimeter.
Speaker Change: Got it our cellular in Socal cans are unfortunate access sheet now even although income per aircraft Muni Studios. This.
Speaker Change: This is a scene where a worker is accessing a device in the clothing space and remotely checking the internal video.
Speaker Change: AIA Opiate IRA saga, an entire state, citing an asset deal otherwise suitable to the saga of course law or have any SAPIEN three whatever kind of autonomous.
Speaker Change: By advising workers on the optimal settings, the AI operator can significantly reduce the work course.
Speaker Change: Conor political Miller handle tiny Quay, Sydney Elia <unk> soon <unk>.
Speaker Change: In addition to semiconductors, we have already received multiple inquiries in the fields of EVs and secondary batteries.
Speaker Change: Congo Post <unk> why do I don't know solution, the Quechua Youre, reaching cafe sales or game bundle called legato joke I heard Yanacocha, we saw these austerity measures.
Speaker Change: Going forward, we will focus on these technological collaborations to further enhance the value of our solutions, leading the advancement of manufacturing sites and the establishment of industry standards.
Speaker Change: So you need data solutions and <unk> estimate at mass.
Speaker Change: Next, I will explain about the data solution.
Speaker Change: Chordoma they own ROA, OTT, ROIC annuity sales or game Monaca Dio data hygiene.
Speaker Change: Until now, Omron has been offering the High-Belt Service in the OT domain to solve manufacturing site issues with data, supporting the improvement of many customers' sites.
Speaker Change: Hi, Bill to salary. So 10, guys woke no <unk> no change to my staff.
Speaker Change: Congo as Ronnie you go to Oracle yoga.
Speaker Change: In the future, we will further expand our business areas and address more challenges in the manufacturing industry by creating new value through the integration of IT and OT.
Speaker Change: So <unk> not all one Europe Aratana has chosen <unk> Jody <unk>.
Speaker Change: So now I need to have another skylake in a service Kyoto Cowens, Anthony I'll take it.
Speaker Change: The key to this is the partnership with Cognizant, a social IT service company.
Speaker Change: Homo longer muscle Casuals, and Australia, Australia, So nautica again by the total comes onto our model called Donut. This argues consulting a quote yugos smart factory or needs against 80 months.
Speaker Change: By combining Omron's numerous solutions and high-quality on-site data with Cognizant's advanced digital technology and consulting capabilities, we will realize a smart factory.
Speaker Change: So really youre Connell Aratana has sort of another homegrown Tau who is under their Colorado Cock phenol page this estimate animas.
Speaker Change: Then, we will explain on the next page why this new virtual image is possible with Omron and Cognizant.
Speaker Change: Muscle Tau or Tina Ulloa, Sano, Guyana in U K cash debt attached Shimon the argument finger.
Speaker Change: First of all, the integration of IT and OT is not a new concept in itself, but the reality is that many companies have yet to fully achieve the expected outcomes.
Speaker Change: All Kentucky Yoga, Stericycle, Giovanni erratic, Dana and luggage on this.
Speaker Change: So no hiking U R E T.
Speaker Change: The underlying issue is the structural challenge of information being fragmented between IT and OT, in other words, between management and the field.
Speaker Change: Marty Caito, Gamba and either Joe Hogan wound down 17, two causal ticking up a dichotomous.
Speaker Change: But as that Youre Kunal, Colorado, Dassault <unk> co means Anthony.
Speaker Change: To overcome this challenge, we have developed a new platform that connects IT and OT together with Cognizant.
Speaker Change: So <unk> linkage.
Speaker Change: Our profitable work has smashed up.
Speaker Change: Core annuity game Baccarat CRE data ANTONE K saga timeliness is skittish. So on one hand, our cost an ice vehicle sale of their shares or game vital resources to work on autonomous.
Speaker Change: This enables the management to make timely decisions based on data collected from the field, and to implement those decisions on the manufacturing floor with unprecedented speed and accuracy.
Speaker Change: Home Partners Premier League home ROA smart after issuing oita.
Speaker Change: Through this partnership, Omron will in the context of smart factory specifications
Speaker Change: Taking a closer to call it would've thought 90 might stop.
Speaker Change: We have gained overwhelming competitiveness.
Speaker Change: Congo.
Speaker Change: And our proposal dental solution <unk> <unk> catheter as Sudhakar Queens Anton all over her career, one more cut Geophysical survey.
Speaker Change: In the future, we will expand revenue opportunities through the development of solutions on new platforms and accelerate the expansion of control devices by leveraging the European and American commitment base with the national group.
Speaker Change: Okay.
Amos: State My Amos.
Speaker Change: Sydney home solution or Don you show them a switch study.
Speaker Change: Negotiations to introduce this solution are already underway, and I would like to report to everyone when I am able to discuss it.
Speaker Change: I'm actually curious timing with the Nozomi Hawk's-eye Thomas.
Speaker Change: He's yoga, but you'll not seen cannot estimate ramius.
Speaker Change: The above is an explanation of the evolution of value.
Speaker Change: <unk> grown to machine kinds of retail stage bus.
Speaker Change: Finally, I will tell you about the evolution of the front.
Speaker Change: Muddle cuckoo area in which the greatest cigar chugoku that June ideological Tony cardiology by Sam.
Speaker Change: First of all, regarding the positioning of each area, there is no change in the fact that China is an important area.
Speaker Change: <unk> got a Congo agi than on China, plus funnel, social sector, particularly Cox options of Pony.
Speaker Change: However, going forward, we will actively expand our investments in the China Plus One strategy in Asia, while positioning Europe and the Americas as new growth drivers.
Speaker Change: <unk> visual Aratana central driver, which is the gamers.
Speaker Change: Qantas Arsenal all within a new Yorker, and I'll come to him guitar Kcl Christmas.
Speaker Change: Today, we will share the framework for acquiring business opportunities in Europe and America.
Speaker Change: Muscle Grobart acuity Kittila communions, Anton Amato, all being acquired <unk> cider Yang cartoonish.
Speaker Change: First, for global companies, we will make the most of Cognizant's customer base in Europe and the United States to approach companies that have been difficult to access until now.
Speaker Change: For them or their access to America, Scott <unk> approaches may take us.
Speaker Change: Marta Patchy, Joseph Catania, <unk> Cockatiels medical today, albeit in a key yoga Grover intend castle and Kim touched them, all Yuri Cocoanuts, Shane <unk> total 19 biomass.
Speaker Change: Furthermore, by expanding the ATC, which is a competitive base, we will establish a stronger support system for projects that European and American companies are deploying globally.
Speaker Change: Siggi local here in situ are that it internal validation on cocoa calix soon.
Speaker Change: Next, for local companies, we will continue to strengthen relationships with agencies while proceeding with organizational changes in response to area demand.
Speaker Change: <unk> on your Auditor Taisha Heng hoarseness.
Speaker Change: Muscle or sure grower the units to acquiring he's got Cotai area. The Stella Jones.
Speaker Change: First, Europe was the only region globally with a high direct sales ratio, but in order to cater to the broader component business, we will expand the sales network through distributors.
Speaker Change: Some of them are Hillary component of <unk> entire snick diarrhea, no harm by more work than we used to biomass.
Marta: Marta the issue.
Marta: <unk> got some other transaction with takara or T E C band ethanol in Kirkuk attributed at home by a quarter so to come in <unk> at all Tonight, we're taking us.
Marta: Furthermore, since our customers are spread across a vast area in the Americas, we will enhance collaboration with major e-commerce vendors to improve sales efficiency and drive revenue growth.
Speaker Change: Is it, particularly more concrete keto range and as I said <unk> got some money, but I don't nobody ought to look at I told among us.
Speaker Change: We aim to firmly advance based on these initiatives and deliver our value to more customers.
Speaker Change: Ill say LPG on oxytocin draconian console estimates.
Speaker Change: The above is an explanation of the growth strategy for the maternity business.
Speaker Change: <unk> with Acura, Hong guests tunnel sockets, all more sarcomas.
Speaker Change: Finally, I will provide a summary of the final financial results.
Speaker Change: Dave of Illinois, Kansas is another annuity is interstate Geo can cure for vantage OCA versus three three months.
Speaker Change: Due to U.S. tariff policies and other factors, the business environment continues to be in an unfavorable situation.
Speaker Change: Sketch on their own lot soon the keyhole coursera Mega with us.
Speaker Change: However, the direction in which Omuron should proceed is clear.
Speaker Change: But as that Youre saturate, a casualty scottsville credentialing stay biomass.
Speaker Change: We will steer towards growth and move forward with strength.
Speaker Change: And it's a special toady.
Speaker Change: <unk>, our Japanese neutral because of seniority almodovar, CH O'hare ditto ecorse medium us.
Speaker Change: As we communicated today, the revenue base is steadily strengthening, and Omron is transitioning into a growth phase.
Speaker Change: Congo more henkel closer as you.
Speaker Change: We will continue to work together as a company, unafraid of change, towards sustainable growth.
Speaker Change: <unk> taken a serotonin macaire jinsha itchy Johnson at their political yachts, we're getting biomass.
Speaker Change: These are the cornerstone of presentation, obviously the autonomous cars.
Speaker Change: This concludes today's presentation. Thank you for your attention.
Speaker Change: Ayatollah myself.
Speaker Change: Furthermore, our courtyard Tosca analysis coming out of Matamoros to you or Tony literally months.
Speaker Change: Now, we will move on to the Q&A session with investors and analysts.
Speaker Change: Because some of America tower to suboptimal or stick with the site.
Speaker Change: If you have any questions, please press the raise hand button.
Speaker Change: Smart electric Ottawa, but as Chris made us national there from our side.
Speaker Change: I will designate the person to ask a question, so when that happens, please unmute your microphone and speak.
Speaker Change: I commute or Qiagen.
Speaker Change: And with the site.
Speaker Change: Now all conoco, Tony in costume interact how many altering its key Guatemala pneumonia to the mutated atmosphere when in <unk>.
Speaker Change: In order to accommodate questions from many people, we kindly ask that each person limit their questions to two.
Speaker Change: Is there a session on cost him on this and go to the mass OXXO cannot Sima Samar.
Speaker Change: Well then, here is the first question.
Speaker Change: Is Mr. Izawayama from Goldman Sachs present?
Speaker Change: SMS Ashoka.
Speaker Change: You don't have health and take necessary Goldman Sachs, Okay, Kamran Rosanna for exploratory massasauga.
Speaker Change: Thank you very much for your continued support. This is Goldman from the strategy training department. Can you hear me? Yes, I can hear you. Thank you.
Speaker Change: Talking about the Iraq contract is massive.
Speaker Change: <unk>, Australia is kind of like asthma.
Speaker Change: Thank you very much, I look forward to working with you. For the first question, regarding the achievements of IAB and the current impact of those tariffs.
Speaker Change: It's human error Iab know logistic in auto Corrado from Alcon vehicular law gains I know.
Speaker Change: In catheter it overall that anecdotal glyphosate.
Speaker Change: Could you please elaborate on the outlook once again? For the full fiscal year ending March 2025, the IAB's landing is slightly below the operating profit forecast. Looking at the factors of increase and decrease analysis provided, it seems that the value-added production and fixed costs are not meeting the planned targets. On the other hand, the consolidated inventory appears to be lower than expected. So, I would like to know if there was anything specific with the IAB. Were there any ups and downs before tariffs, and could such impacts be a factor? Additionally, President Tsujinaka mentioned earlier that the impact of tariffs and indirect effects would be examined during this first quarter. Considering that July has already ended, are there any signs or trends that have already reached you, including the direct impacts discussed today? I would like to know this, if possible. This is also related to the inventory issue mentioned earlier. If there is a need to transfer production bases or if it is necessary to do so, decisions such as producing more in advance and then transferring production during that time need to be made. I would appreciate it if you could share what you currently see, even if it's just on a best-effort basis. I apologize, but this is my first question. Thank you.
Speaker Change: The two <unk> an easy one in sunlight in AAV has actually got a contrary muscular <unk> gasoline and <unk> secondary owning total mutated more sales on Scottsdale auto car age.
Speaker Change: <unk> counting monotype opinion economy.
Speaker Change: So Paul Daugherty Applegate upcoming Hurricane AUO in EMEA losses, if Paul there at all right called more Lincoln from a vehicle that <unk> cannot aeronautical Miracle Gro Garden, Ods angle <unk> Tanaka cons, there might look at it on a per download Tristan there for my ankles adenocarcinoma cause I state of minus eight hours a day.
Speaker Change: Oh God.
Speaker Change: Growing each quarter journey from Alcon, the AQR conquer take your total in particular with authorities and with shyness Tiger toys that acreage Oxitec of Canadian Skinny Seattle tunnel, the tokunaga mutate in Ocado is tougher and yoga sling.
Speaker Change: Okay multiple product at our sterno gotten a video because I stayed on what the Mafia gorilla right.
Speaker Change: Awesome, often most leases until then they come to a halt on your unlike agonizingly Altura will mean, it's good tailwind there from either <unk> or <unk> at all not reschedule for nitrogen item on where theyre in a muted a ceremonial day, an all on or they stopped short of if there's any takeaway is not there so where you see that like in Icahn auto watering ourselves see nothing progression of Nash.
Speaker Change: <unk> latest Mafia.
Speaker Change: Certainly there are social and we'll know soon this know how on the wall.
Speaker Change: Well then, the first question is...
Speaker Change: Second a chocolate notable IV integral.
Speaker Change: I would like to address the steady performance of IB. First of all, regarding the performance, the sales revenue for IB has slightly decreased, and the operating profit is below the previous forecast. Compared to last year's figures, we achieved increased revenue and profit during the fourth quarter period, but in terms of the final forecast difference, the key point is that the product mix differed from what was anticipated at the time of the forecast, which is the main factor for the performance. The product composition of sales revenue that we initially anticipated was different, as the sales of products with a lower added value ratio increased, leading to a decrease in the gross profit margin. This is the main reason for the decline. The estimates for fixed costs and other factors are almost in line with the forecast. This concludes the explanation of the steady performance of IAB.
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Speaker Change: Regarding the lecture on tariffs, Tsuji Nagai will provide the response.
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Speaker Change: Currently, a month has passed since April , and there are no significant signs emerging. In fact, April has also started off smoothly. However, it is a reality that the impact is still present, and we are hearing voices from the market suggesting that some are postponing investments or becoming more cautious.
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Speaker Change: The motorcycle dose very much the same.
Speaker Change: Another point is the transfer of production sites that you mentioned earlier. Regarding this, we would like to accurately assess the impact of tariffs in each country during the global foundation period and make decisions based on that assessment before proceeding with implementation. Until then, we aim to achieve the target range we presented today by increasing production and other measures. That's all.
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Speaker Change: Our CFO will then offer not only when you think of it as Nate I think data from an engine off from a minus <unk> <unk>.
Speaker Change: Thank you very much. Just to be sure, regarding this matter, the range you have provided, from zero to minus 9 billion, does it mean that if we add the costs of production transfer, it will become zero? If nothing is transferred, is it correct to understand that, at this point in time, the assumption is that it will cost minus 9 billion?
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Speaker Change: The assumption of a negative 9 billion yen is based on the increase in our costs due to tariffs. Our basic policy is to pass these costs onto the market through price adjustments. However, there are cases where this is not possible due to timing discrepancies or market conditions and competition. We have factored in this risk to a certain extent. Additionally, the implementation of this tariff policy is expected to cool down the market itself, which will impact sales. The costs related to production that Mr. Ishiyama mentioned earlier are not included in this 9 billion yen. That's all.
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Speaker Change: Thank you, Odasho. Moving on to the second question, regarding the optimization of the area business structure that you presented this time, and the positive aspects of this discussion, I would like to ask about the United States and China. Originally, in the efforts in the United States, when reflecting on the past, there were discussions about IOTmation and how it doesn't make sense to allocate resources when there are no clients or accounts opened yet. I think this is about how it could expand from this opportunity. With the partnership with Cognizant, how much do you expect the accounts to expand, and what kind of upside are you anticipating? The reason I'm asking is that if we go with the upper range of this fiscal year's plan, the growth rate in the U.S. seems to be quite high, in double digits on a current number basis, so I'm wondering if you have already factored in early success. On the other hand, as a focus area...
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Speaker Change: You were talking about EV secondary batteries, and I have the impression that your company is quite strong in China, but there doesn't seem to be much discussion on that. In the current revenue growth plan, it seems that the assumed growth rate is only about 6%, which seems low. Is this the expectation, or is there room for more growth? I was looking at the numbers thinking it could grow a bit more. I would appreciate it if you could share your thoughts on the outlook for the U.S. and China. Thank you.
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Speaker Change: Yes, first of all, in the American area, as Mr. Izawa mentioned, it is a fact that customers are dispersed across a vast area. This is the situation in the American market. In this context, one of our major policies is to clearly target our strong areas, both in terms of products and customers, and to develop strategies accordingly.
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Speaker Change: In addition to what we discussed today, regarding e-commerce, considering the wide range of areas, our basic policy is to strengthen partnerships and reach a wide range of customers through e-commerce. As for Cognizant, for the time being, we aim to acquire large clients that we have not been able to reach or access. Cognizant has a very strong foundation with large clients, so our goal is to target these clients. Rather than broadly expanding the number of clients, we are focusing on targeting large clients and working together with Cognizant to capture them. This is our strategy for the United States.
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Speaker Change: Regarding China, as I explained today, there is a fact that the demand for secondary batteries is slightly picking up. This is working as a positive factor, but aside from that, there is also positive information that semiconductor localization is still accelerating. However, there is uncertainty about when investments will be implemented, and the wide range of customer bases has not yet fully recovered. This is reflected in our current plan. We do not perceive that our competitiveness in the EV and battery sectors in China is being overtaken. We believe that once investments resume, we can confirm our position. Therefore, we intend to continue leveraging our strengths in the China division as we have done so far. That is all.
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Speaker Change: So, President, I'm sorry, but earlier Mr. Tamoi mentioned the mix of low value-added products being a concern, and since this is a region where the topic of Chinese competition always comes up, you mentioned that there is no concern about competition in secondary batteries and semiconductors. Could you please provide some reassuring words on this matter?
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Speaker Change: Regarding the expansion of our component business that I mentioned earlier with the new products, we want to strengthen the chemical-resistant products among them.
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Speaker Change: Of course, the competition in China, particularly with local manufacturers, is intensifying. Therefore, we are including in our investment strategy the development of products that can compete effectively by tailoring our lineup to the characteristics of each area. While maintaining our advantage with our advanced technology solutions, we also aim to compete in the more affordable segments. We intend to pursue this dual approach. That's all.
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Speaker Change: Thank you very much. That's all from me.
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Speaker Change: Now, the next question is for Mr. Maekawa from Nomura Securities. Can you hear us?
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Speaker Change: Yes, this is Maekawa from Nomura Securities. Thank you very much for your explanation. I have two points I would like to ask about. First, regarding the confirmation of the impact of tariffs, on page 10, you have indicated that the direct cost impact could be up to 16 billion yen. You mentioned that you will address this through price pass-throughs, etc., so in the downside scenario on page 13, the costs and risks are projected to be a 4 billion yen impact. How should we understand the relationship between the 16 billion and the 4 billion? Considering inventory sales and other factors, does this mean that the 16 billion will not be fully incurred within this fiscal year? I would like an explanation of the gap between this projected impact and the maximum estimate of 16 billion, which is my first point.
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Speaker Change: Mr. Maekawa, thank you for your question. This is Tsuji-Naga responding. First, regarding the estimate of 16 billion yen, it is based on the information announced up to April 9th, and the estimated impact amount in the United States is 16 billion yen.
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Speaker Change: As I explained during the presentation, the basic idea is to absorb this 16 billion yen through price increases. However, there are potential discrepancies in the timeline and, depending on the customer, competitive environments may prevent us from implementing these price increases. We have factored in a certain amount of this risk, which is included in part of the 9 billion yen, and I hope you understand this.
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Speaker Change: Understood. In that sense, efforts to change prices have already been made, so this maximum of 16 billion yen is just an asset, and it is unlikely to actually cost this much, is that correct?
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Speaker Change: Yes, understood. Thank you. Additionally, regarding another point, this is under the scenario of the upper limit, but with an operating profit of 65 billion yen, I think that around this time last year, there was an expectation of 70 billion yen. During this period, there are also tariffs, and it seems that demand conditions have not risen as much as expected. In terms of orders, for the April to June quarter, as mentioned earlier in the IAB, on page 16, it is expected to decline, but the current Chinese market seems to be relatively strong. I would like to ask once again about the background of why this term's profit has not reached 70 billion yen, and whether it is really correct to understand that the current order environment, as shown on page 16 of the IAB, is slightly downward. I would like to confirm these points. Thank you.
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Speaker Change: First of all, there are two main reasons. The first point is that the market has not recovered as much as initially expected, which has a significant impact.
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Speaker Change: There are actually two markets in question. The first point is the FA market, which we expected to recover a bit faster globally, but the recovery has been slow. Additionally, the impact of tariffs has recently introduced some uncertainty in investments. The second point is the healthcare market in China. As explained in previous announcements, there has been a cooling of the market and increased competition, resulting in the top line not growing as expected. The first point is that, as explained in this presentation, we have decided to make significant investments in the IAB business for this fiscal year and with a view to medium-term growth. This is an increase of 5 billion yen compared to the previous year, and while we have reached 70 billion yen in revenue, I am determined to shift significantly towards growth, which is the reason for this investment decision. Due to these two points, there is a slight gap compared to the initially expected 70 billion yen.
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Speaker Change: We have received an advancement of the case, and our assessment is that overall, the upward trend is continuing. In fact, when comparing the first half and the second half of last year, we see a steady upward recovery, so we have no doubts about that. Furthermore, as I mentioned earlier, given the smooth start in April of this year, we believe that despite the uncertain situation, a certain gentle growth curve is currently being achieved. That is our assessment. Thank you.
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Speaker Change: Thank you very much. In that sense, I think it also relates to investment decisions, but does it mean that you decided to invest at this point as the market is gradually recovering?
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Speaker Change: Now, the next question is for Mr. Tanaka from Mizuho Securities. Can you hear us?
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Speaker Change: Thank you for the explanation. This is Tanaka from Mizou Securities. I have two requests. I apologize for being persistent, but please let me confirm the impact of tariffs. The 15 billion yen decrease in sales is an estimate of the risk of temporary demand stagnation in IAB, HCB, and TMB, and this corresponds to the 5 billion yen decrease in demand fluctuation risk in the waterfall chart. In other words, if sales decrease by 15 billion yen, profits will decrease by 5 billion yen. The maximum cost increase of 16 billion yen mentioned earlier is the gross impact, and the part that reduces this 16 billion yen to 4 billion yen is the direct impact on the cost side. So, I would like to confirm if this understanding is correct.
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Speaker Change: As you are aware, there is no mistake. We are viewing the top line as approximately 15 billion yen in negative sales, but well...
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Speaker Change: When the impact is reflected in the profits, it is approximately 5 billion in scale. Along with the aforementioned tariff impact, the total estimate is 16 billion. However, under the policy of adding chemicals, we are considering a risk of 4 billion for the portion that cannot be fully added. I hope you understand this. That's all.
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Speaker Change: Please tell me about the timing of reaping the benefits of growth investments. Regarding the growth investment of 12.5 billion yen, when do you expect to reap the benefits of the 5 billion yen investment executed in IAB? At the time of the structural reform announcement in February last year, I believe there were figures of 70 billion yen in operating profit for this fiscal year and 90 billion yen for the next fiscal year. While it is unavoidable for this fiscal year due to full operations, is the figure of 90 billion yen for the next fiscal year still valid, and is this investment to achieve that? Since development effects do not appear so quickly, is the 90 billion yen figure being shelved for now, and should we expect to reap the benefits a little further down the line? Please tell us about the timeline and quantitatively what effects you expect from this growth investment.
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Speaker Change: Regarding the IAB investment this time, of course, it includes products with a medium to long-term perspective, but we are also investing in products that can be utilized in the short term. As a rough estimate, we are investing with the expectation of achieving approximately 5 billion yen in sales from these new products to be launched this fiscal year. Also, regarding the operating profit of 90 billion yen for the next fiscal year, which was mentioned in your question, we cannot provide a clear comment at this time due to the impact of tariffs. We would like to assess the market impact properly and provide an answer at a later date. That's all.
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Speaker Change: Now, the next question. Mr. Okawa from Daiwa Securities, can you hear us?
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Speaker Change: Thank you very much for today. This is Oka from Daiwa Securities. I have two questions for you. The first point, which might overlap a bit, is about the difference between the actual results and the plan for the fourth quarter. Regarding the order intake, you mentioned during the third quarter briefing that there were some projects brought forward, so the fourth quarter would fall below 100. However, this time, the level is almost the same as the third quarter. Why is that? Also, regarding the profit, you mentioned earlier that it was due to a deterioration in the mix. But when looking at the increase or decrease in profit, it seems that factors like a decrease in production value-added or changes in variable costs, which are different from the mix, also differ significantly from expectations. Why was there no reduction in these areas? And why did the number of low value-added products suddenly increase? I'm sorry for asking questions in a scattered manner, but could you please address these points? Thank you.
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Speaker Change: Then, I will provide the answer.
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Speaker Change: It's about the order situation, right? Regarding the order situation, we have orders beyond the fourth quarter, so in terms of sales forecast, it is slightly below the third quarter outlook, but I feel that there wasn't a significant difference from the forecast.
Speaker Change: You don't require a second larger tumor hi, Tony must note, there, where they're going and we thought the toastmaster, our who are not vankuren vittachi yearly matakana somewhat during this kilometer or so caetano cannot tell you when you close it.
Speaker Change: Listen there are no.
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Speaker Change: Again, you know,
Speaker Change: As I mentioned earlier, the biggest factor in the fluctuation of the GP rate and the non-value-added rate is the theme mix of large projects with low non-value-added themes. This theme mix is the most significant factor. In our operations, we manage production non-value-added aspects, production control, and inventory levels, so while there are differences, the main factor affecting the GP rate is indeed the mix. I hope you understand it this way.
Speaker Change: Near term I know.
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Speaker Change: In short, we released a product with low added value, which affected not only the production added value but also other areas beyond the mix, such as variable costs.
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Speaker Change: There is some connection, but I hope you can understand it to some extent.
Speaker Change: Thank God, we tend to put on that issue.
Speaker Change: What kind of areas are leading in terms of orders? There is the trend in orders that was mentioned earlier.
Speaker Change: Okay.
Speaker Change: Cycled on nano due to normal trend early muscular more auto insurer in all.
Speaker Change: UN carrier executives now continentally hydrogen Jim accumulative other signals due to seasonal sito will delay was I must note there.
Speaker Change: This refers to the trend in order levels, including orders received in the current fiscal year, beyond the fourth quarter. Therefore, when looking only at the fourth quarter period, I understand that there was not a significant fluctuation in terms of the sales figures.
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Speaker Change: Understood, thank you. The second point is about JMDC. This time, there was an impairment under the US standards as well, so I would like to know the background of this, and originally, including the synergy with JMDC, we were aiming for 100 billion yen with a profit margin of 12% by 2027. How is this going? Also, in the JMDC briefing yesterday, they mentioned a future potential of 10 billion yen, but honestly, my impression is that this seems a bit small. Could you please tell me about the current progress on this? Thank you.
Speaker Change: Hey, Jamie is it on our synergies can we take on.
Speaker Change: And in the circle is a journey passing toward electric inorganic O'connor to Golar, Golar, who got beautiful Tau.
Speaker Change: Arthur.
Speaker Change: Jeremy do you seen cannot make out the docomo can or should I take an application called J&J medicinal get hit at all it's going to work, but it would have to.
Speaker Change: She's a knock in restaurants.
Speaker Change: Cancel that time, if you can walk like Ocado commit Ecuador, you imagine jumping up given the kind of Guy who can I became official company guidance figures.
Speaker Change: No it doesn't.
Speaker Change: Okay.
Speaker Change: Lincoln's Cassandra or acquisition or DSV.
Speaker Change: Regarding the impairment of JMDC's DSB business in this consolidated financial statement, I will explain the background. First, the premise of the consolidated financial statement is based on JMDC's stock price at the end of the previous fiscal year. This serves as the trigger for the decision. However, the current impairment targets the goodwill on the consolidated balance sheet related to the acquisition of JMDC shares. It is calculated according to U.S. GAAP, which involves determining the fair value of JMDC. Under U.S. GAAP, for publicly listed companies, the stock price is prioritized as an element of fair value. Based on this, we conducted the impairment assessment, but instead of using the stock price at the end of the fiscal year, we considered a certain period and the fact that it is a subsidiary.
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Speaker Change: Majority of mortality with us from a premium with shaky and wants to put anymore.
Speaker Change: Considering the premium of holding the majority, the premium of holding match tickets, and each of these factors, we have evaluated the fair value and this has led to the current accounting treatment.
Speaker Change: Cause stir conchobar scientist on that but it isn't there we of course are catching the offshore cost or we didn't or couldn't go I know Qiagen, Ontario, Yucatan authority muscle.
Jim: Jim This is gino hung indicate a cutscene content ecosystem, especially like telco muscle.
Jim: I would like to explain from the perspective of GMDC's intrinsic value.
Speaker Change: You got to look at a more pushed tequila I can assure in Jim dishes agreed to kickstart with that much debt.
Speaker Change: As Mr. Okawa pointed out earlier, JMDC announced its financial results yesterday, showing significant double-digit growth in both revenue and profit. The growth rate we anticipated when we initially invested has been maintained. Additionally, in October of last year, we held a data solutions briefing with JMDC, where we discussed the synergies generated between our companies. These include preventive healthcare solutions and management services centered around retail stores. These synergies have been steadily building up, and there has been significant progress in the past six months. Therefore, our initial target of 100 billion yen by 2027 remains unchanged. JMDC's standalone growth rate and their capabilities in handling data, such as data scientists and data capabilities, have not been compromised. Even when calculated using DCF, the corporate value has not been impaired. We intend to continue supporting the creation of synergies and JMDC's growth. That concludes my remarks.
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Speaker Change: Thank you very much. If there are still people who wish to ask questions, I apologize, but due to time constraints, we will limit it to two more people.
Eva: It's Eva.
Eva: SMB CLEC Corso Aquino excuse me somewhat SMS S OCA.
Eva: Is Mr. Yoshizumi from SNBC Daily Securities here next?
Speaker Change: Hello, everybody cynical Sofia instrument maker was there anymore and consumers.
Speaker Change: My name is Yoshizumi. I have two questions. First, I would like to ask about the strategy of the value component business within ValueFront. I believe you have been focusing on strengthening this component since about a year ago. Could you tell us about the current progress? How is the response to the new products you have launched, particularly in major markets like China and the United States? Are the new components being recognized as added value? I would like to know about the feedback and progress in this area. Additionally, from an external perspective, when can we expect these efforts to have a significant impact on your performance? What kind of timeline or schedule should we anticipate? Please let us know. Thank you.
Speaker Change: Okay, Cardio francavilla, Nicaragua valuable component of willingness for senior credit Victor a cyclical effect.
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Speaker Change: On the whole our central Colorado market.
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Speaker Change: The impact of tariffs the carryover of timing with scheduled cantilever Danone EBITA yoga.
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Speaker Change: Since you're on the phone you are listening Masterplan Kara April subtle story, certainly encouraged you'll told you of our startup story master meter Aon initial infrastructure is can I joked with equiniti, who locally and they don't want to rush the VR coaster, the muscle scanners, and I kind of concentrated in our core stair immuno Spaniel Smith CQ, Duke you know you got the 900 users.
Speaker Change: The launch of new products started last year, and with only 42 products currently on the market, the situation is still quite limited. However, we plan to significantly increase this number in 2025 and 2026. Therefore, it is true that we are not yet in a position to present quantitative effects to everyone. However, we feel that the new products we have already launched are achieving the intended results and receiving favorable evaluations from customers. Moving forward, we will continue to release products that match the needs of each area, and we hope to introduce them to you as they become available. That is all.
Speaker Change: Furthermore, assuming that that's essentially <unk> masterwork mirador in Osaka, Garnet Hill's accumulated beautiful Dynamo previous call.
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Speaker Change: But on a good chunk of your core set across video poker.
Speaker Change: Specifically, do you feel any movements like regaining market share?
Speaker Change: Congress.
Speaker Change: And who knows.
Speaker Change: Keep pumping and our market share to you whether you do a human antibodies that I balloon cardiovascular more now regarding our call.
Speaker Change: In terms of general market share, it is very difficult to measure, but regarding our efforts to win back customers we lost in the past due to delivery issues, we are making steady progress and we feel a sense of accomplishment in this area.
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Gordon: Gordon timber to tell the.
Gordon: Thank you very much. The second point is a bit of a broad question, or rather, I think the headquarters had originally positioned the period up to September as the structural reform period. So, from October , will you be launching a new medium-term management plan and entering the new medium-term management period? I believe you are also trying to assess the impact of tariffs like the one we are currently experiencing, so how should we anticipate the schedule going forward, including the announcement of the medium-term management plan and the transition to the medium-term management period? If there are any major themes you can share with us at this time, please let us know.
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Speaker Change: Hi.
Speaker Change: Earlier today, Ms Mcdonnell clots mother.
Speaker Change: Thank you, Mr. Yushinai. First of all, the structural science that we have been implementing until September , I believe that the primary goal is to ensure its steady completion. I am determined to see it through to the end. However, from April next year, we are planning to start the second stage of our long-term vision, SF2030. In this regard, during this fiscal year, we would like to take the opportunity to explain the direction and the initiatives we will be undertaking. We hope to provide a clear picture of this, so please wait until then. That's all.
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Speaker Change: Yes, understood. Thank you very much.
Speaker Change: Okay.
Speaker Change: And as for any of our Asa even August Simone because Amazon.
Speaker Change: Now, we have the final question. Is Mr. Fukuhara from Jefferies present?
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Speaker Change: Most of them actually put into the show kind of cohort I guess, the corollary auto type asset.
Speaker Change: Hello, this is Fukuhara from Furyoku Securities. Thank you again for today. My first question is more of a confirmation, but regarding the fluctuation risk due to this completeness mentioned on slide 12, it is presented on a company-wide basis this time. However, concerning the risks for each segment mentioned above, does this mean that, for example, after half a year, there is a risk that the company's overall sales might fall short by 150? Additionally, is there a concern that the sales figures for segments like IAB or Healthcare mentioned above might not be met? Although the complete risk is written on a company-wide basis, if we were to break it down by segment, how should we think about it?
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Speaker Change: And also I guess weaker on Hawkeye tells us that he was domo towards memorial towards I must say there to immediately skewed more towards into in order to re again or Julian Cognos site. So see you already ignore it was yoga and Cognos cytometry data also humbling reaganism there it was <unk>, two who disorder Teletherapy William Bremer.
Speaker Change: Alright, I will have Suzuki respond. Thank you very much for your question. In terms of the image, about half of the difference between the upper and lower limits of the overall sales and the difference between the upper and lower limits of operating profit is assumed to be from the control equipment business. The remaining half is roughly divided between the HCV business and the DMV business. This is the current image we have. If this risk materializes, please consider that it will manifest in each segment according to the current image. Thank you.
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Speaker Change: Understood. The second point is just for confirmation, but regarding the 11.7 billion yen impairment this time, is it correct to assume that this is basically a settled matter and that there is no risk of it reoccurring in this fiscal period?
Speaker Change: Hey.
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Speaker Change: As I explained earlier, we prioritize monitoring the stock price of GMT Corporation for the impairment assessment this time. Therefore, we believe it is necessary to continue watching the stock price situation.
Speaker Change: Mark Avocados are equal to what you should seek we saw where conoco youku and you can gradually muscle. This will demo. This graph what are they what are equal to an Arctic as leukemia, a cup of coffee and snack Iot pursue or whatnot, you really congratulating us.
Speaker Change: Therefore, this does not mean that the risk has ended, and I believe it is necessary to continue to respond while monitoring stock prices.
Speaker Change: Ms.
Speaker Change: While cardiovascular related with IMAX with each of these.
Speaker Change: Understood. Thank you. That's all.
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Speaker Change: The meta auction Hoyt at what he muska cobot designed.
Speaker Change: We have already received responses from some, but we would like to discuss individually as needed, so we ask for your understanding.
Speaker Change: So as I stated a tighter way much more their headquarters to only nine months it.
Speaker Change: Amy I'm, a Honda Taco songwriter Rocky audio tour with a master <unk>.
Speaker Change: Thank you all for participating today. After this briefing session ends, we will send out a survey form to all participants as usual, so we kindly ask for your cooperation.
Speaker Change: <unk> studio go with an economy, that's how monomer at maturity and get a hormone for Cintas must not air Tahiti <unk> months.
Speaker Change: Now on auto auto economies Mahtan Oxter Youll talk when I must not at Pogo, China, Qatar on one particular site.
Speaker Change: Furthermore, we will have a Q&A session with members of the press after this, so please remain if you are from a media organization.
Speaker Change: Tosca analysts on the Myanmar market as a key in Costa Rica write them on monarch, when I met him.
Speaker Change: Investors and analysts, please feel free to continue watching.
Speaker Change: These are normal to muster Tosca, and Tristan <unk>, Macedonia Arigato Jose Mustang.
Speaker Change: With this, we will conclude the Q&A session for investors and analysts.
Speaker Change: Thank you very much.
Speaker Change: Salary and myself.
Speaker Change: Thank you very much