Pacific Industrial Co., Ltd. Revises Earnings Guidance for the Year 2021
October 28, 2021 at 09:00 pm EDT
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Pacific Industrial Co., Ltd. revised earnings guidance for the year 2021. Net sales for the full year are expected to be JPY 164.0 billion, an increase of JPY 13.5 billion from the previous year. Although there is no change from the previous forecast, the company expects to increase sales by the same amount in the second half of the year to offset the JPY 4.5 billion decrease in sales in the first half. Operating income is expected to increase JPY 1.5 billion year on year to JPY 10.5 billion. Compared to the previous forecast, The company expects a decrease of JPY 2 billion due to the impact of production cutbacks.
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. 
