Presentation Transcripts

Latest Update : Aug.23, 2021

Back to Financial Results (FY3/2022)

Investor Conference Call for 1Q FY 3/2022 held on August 4, 2021

The aircraft-related business is basically still the same, but I think it might be just a bit better than last year. As you are aware, there have been news reports that United Airlines bought 200 planes, that Airbus and Boeing saw profit turnarounds, and that US domestic passenger traffic has made a big comeback. There will also be a growing demand for environmentally friendly engines and more efficient aircraft designed for carbon-neutral flights. I believe it's possible that we could see an explosive recovery in demand as we've been witnessing with automobiles these days.

Last week, I attended a meeting that brought together sales, development, and operations personnel from aircraft-related businesses around the world, and there was a lot of talk about how demand is expected to bounce back in a big way beginning in the second half of next fiscal year. Personally, that's exactly what I think as well, and something I've been saying for some time. Now it looks like it's really going to happen. However, demand is likely to grow mainly for single-aisle aircraft, i.e., planes with two rows of seats split down the middle by an aisle. I heard that it will be a while until demand for double-aisle aircraft comes back, but I'd like to let you know that, even if demand is mainly for single-aisle aircraft, our sales should return to pre-COVID-19 levels once the sales volume increases.

16page (total 34pages)

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