Pacific Industrial : Financial Results Briefing for FY2023 1st Quarter
August 11, 2023 at 01:22 am EDT
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FY2023 First Quarter Financial Results Briefing
The 100th period：Apr. 1st, 2023- Jun.30th, 2023
July 27th, 2023
Contents
１．FY2023 Q1 Financial Performance
２．Financial Forecast (FY2023 Full Year)
Cautionary Statement with Respect to Forward-Looking Statements
These materials contain forward-looking statements that reflect our current expectations. These forward-looking statements are not guarantees of future performance. It involves any risk depending on the Japanese or international economic situation, business trends related to our company, fluctuation of exchange rates and other factors. It may cause our actual performance to be materially different from any future results announced.
2/18
1-1 Q1 Consolidated Financial Summary
Record highest were achieved for sales, ordinary and net income due to
increase in higher automobile production
（100 millions of yen, ％）
FY2022
FY2023
YoY
rate
Ｑ1 Result
Ｑ1 Result
Gain&Loss
% Change
Sales
444
Record
493
+48
＋10.9
High
Operating Income
16
31
+14
＋89.4
Operating Income Ratio
3.7%
6.4%
+2.7P
－
Ordinary Income
38
52
+13
＋36.0
Record
High
Ordinary Income Ratio
8.7%
10.7%
+2.0P
－
Net income attributable to
29
39
+10
＋36.0
Record
owners parent
High
Quarterly Net Income margin
6.5%
8.0%
+1.5P
－
Average exchange rate（U.S. dollars）
¥125.9
¥135.7
¥9.8
－
Sales decrease since FY2022 Q4 due to expansion of offsetting range of sales and its cost; the impact of customer-received steel materials for stamping. No impact on income.
3/18
1-2 Analysis of Consolidated Sales
Sales reached a record high in Q1. The sales volume increasing compensated for the decline in sales due to the impact of customer-received steel materials for stamping.
( 100 millions of yen )
Exchange
Exchage
Gain
Conversion
493
Material
+2
Customer-received
Price
+18
Sales
444
steel materials
+31
for stamping
Volume
△72
Selling
+72
Price
△3
FY2022
Sales
＋4.8 billion yen
FY2023
Q1
Q1
4/17
1-3 Analysis of Consolidated Operating Income
Profit increased because of cost improvement despite cost increase
owing to increase in sales volume.
(100 millions of yen)
Depreciation
Exchange
Gain
31
(excl.dies)
Cost
+2
Improvement
+3
Sales
+6
Volume
Labor
16
Cost
Material
△6
Price
Selling
+18
Price
△3
△3
Expenses
△2
FY2022
Operating Income
+1.4billion
FY2023
Q1
Q1
5/16
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Pacific Industrial Co. Ltd. published this content on 11 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2023 05:21:02 UTC.
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. 
