KITZ : FY2023 December 1st Quarter Results Presentation
May 26, 2023 at 12:07 am EDT
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FY2023
1st Quarter
Results Presentation
KITZ CORPORATION
May 2023
The forecast data presented herein reflects assumed results based on conditions that are subject to change. KITZ Corporation does not make representations as to, or warrant, in whole or in part, the attainment or realization of any of the forecasted results presented in this document. Numerical figures presented herein are rounded down.
Increased by 11.4% YoY on the back of strong performance in Semiconductor Equipment and sales volume increase in the Americas, etc.
Brass Bar Manufacturing Business
Decreased by 12.0% YoY due to sales volume decrease despite raw material prices, which affect sales prices, being similar to Q1 FY2022
Net Income Attributable
¥3.4 Billion
to Owners of the Parent
YoY：+80.9%
vs. Plan：+86.3%
Increase by 80.9% YoY with gains on sales of investment securities resulting from the sale of cross-shareholdings, etc.
Operating Income
¥3.5 Billion
YoY：+28.5%
vs. Plan：+41.0%
Valve Manufacturing Business
Increased by 18.0% YoY due to profit growth from sales growth and strong sales of high-margin products, etc.
Brass Bar Manufacturing Business
Increased YoY as a result of improvement in the wear-and-tear ratio, reduction in SG&A, and elimination of the loss from a defect in furnace renewal work in Q1 FY2022
Kitz Corporation published this content on 26 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2023 04:06:14 UTC.
KITZ CORPORATION is mainly engaged in the manufacture and sale of valves and copper products. The Company operates in two business segments. The Valves segment provides bronze valves, steel valves, valve-related products, as well as filtration-related products. The Rolled Copper segment provides rolled copper products and copper processed products. The others businesses include the operation of hotels, restaurants and others.
KITZ CORPORATION 
