Pacific Industrial Co., Ltd. Provides Earning Guidance for the Full Year 2022
November 01, 2022 at 12:00 am EDT
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Pacific Industrial Co., Ltd. provided earning guidance for the full year 2022. For the period, the company expects net sales to be JPY 185 billion, up by JPY 20.5 billion from JPY 164.4 billion in the previous year, due to an increase in net sales resulting from the exchange rate difference caused by the weaker yen and the effect of the price of materials, despite a decrease in net sales due to the shift to receiving press parts for a fee and lower sales prices. Operating income to be JPY 8.5 billion, a decrease of JPY 2.2 billion from the previous year.
Although material prices remain high, costs are increasing due to soaring energy prices and foreign exchange gains, the company will strive to expand sales and improve cost of sales to secure profitability.
PACIFIC INDUSTRIAL CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of press and resin products, and valve products. The Company operates through two business segments. The Press and Resin Product segment is mainly engaged in the manufacture and sale of wheel caps, engine covers, hood trunk hinges, oil pans and other press and resin products for automobile, as well as press molds, resin molds and other mold products. The Valve Product segment is mainly engaged in the manufacture and sale of tire valves, valve core products, air conditioning valves and other valve products, microcomputer control equipment and other electronic machine products, compressor related products, as well as tire pressure monitoring system (TPMS) products. The Other segment is mainly engaged in the processing of information by computer, the development and sale of software, and the provision of insurance agency service.
PACIFIC INDUSTRIAL CO., LTD. 
