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 orinternational economic situation, business trends related to our company, fluctuation of exchange rates and otherfactors. 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 toincrease in higher automobile production（100 millions of yen, ％）FY2022

FY2023

Ｑ1 Result

Ｑ1 Result
RecordYoY rate
Gain&Loss% Change

493+48＋10.9＋89.4

Sales444

Operating Income

1631+143.7%

6.4%

+2.7P

52+1310.7%+2.0P

39+10+1.5P

Operating Income Ratio
Ordinary IncomeOrdinary Income Ratio
Net income attributable toowners parent

38HighRecord
High

8.7%

29RecordHigh

Quarterly Net Income margin

6.5%

8.0%

Average exchange rate（U.S. dollars）¥125.9¥135.7

¥9.8

－

＋36.0
－

＋36.0－－• 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 thedecline in sales due to the impact of customer-received steel materials for stamping.
( 100 millions of yen )Exchange
Material

444

Price

Customer-received
steel materialsfor stamping△72Conversion

Sales
VolumeSelling
Price

ExchageGain+2493+18+31+72△3FY2022
Q1Sales ＋4.8 billion yen

FY2023
Q14/17

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

Cost
Improvement

Sales
VolumeLabor16(excl.dies)

ExchangeGain

31+2+3+6Cost
Material△6Price

Selling△3Price△3+18Expenses△2FY2022

Q1

Operating Income+1.4billion

FY2023
Q15/16

1-4 Financial Results by Business Segments
Sales and profit increased in Stamping＆Plastic Molding segment because of sales
volume up. Sales of valves increased due to the impact of exchange rates.
Decrease in profit due to cost increase owing to soaring material and labor costs.
（100 millions of yen,％）
Sales

Stamping &Plastic Molding

Operating Income

22/Q1

23/Q1

YoY Rate

22/Q1

23/Q1

YoY Rate

ResultResultGain&Loss %Change

ResultResultGain&Loss %Change

310353422+171.5%

6.3%+4.8P

119△28.8%

6.5%

△2.3P

(The Impact of increased
customer-received materials forstamping)+42+13.8(△72)

Operating Income Ratio

ValvesOperating Income Ratio+388.0133

139+5+4.0△23.0• 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.

6/16

1-5 Financial Results by Region
Sales and income increased in Japan, Europe, and America.
Asia remained flat year-on-year.
（100 millions of yen,％）SalesJapan

Operating Income

22/Q123/Q1

ResultResultGain&Loss

162167+5(The Impact of increased
customer-received materials forstamping)YoY Rate

22/Q123/Q1%Change

ResultResultGain&Loss%Change+3.2

816+7+96.0

5.0%

9.6%+4.6P

18+60.9%

3.6%+2.7P

75△17.4%

5.7%△1.7P(△72)

Operating Income Ratio

Europe & America

183

225+41+22.7

Operating Income Ratio

Asia
Operating Income Ratio

YoY Rate

9899+1+1.4+385.5△22.5• 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.

7/16

１．FY2023 Q1 Financial Performance
２．Financial Forecast (FY2023 Full Year)

8/16

2-1 FY2023 Consolidated Financial Forecast
Revised the forecast upward to reflect the results of Q1 and changes
in the external environment.
（ 100 millions of yen, ％）FY2022

FY2023

YonY rate

Diff. from 27th Apr.

Full Year

Full Year

Full Year

Full Year

Forecast on
27th Apr.

LatestForecast

Gain&Loss%Change

Gain&Loss%Change

1,912

1,8501,900△12△0.7%

+50

2.7%

Operating Income

92

100105+1212.9%+55.0%

Operating Income Ratio

4.9%

5.4%

5.5%+0.6P－+0.1P－Ordinary Income

132

130

140

+76.0%+107.7%

Current Net Income

93

90

95

+1

2.1%

+55.6%

ＲＯＥ

7.0%

6.4%

6.6%

△0.4P

－+0.2P－ＲＯＡ(Operating income basis）

3.7%

3.7%

3.9%+0.2P－+0.2P－

Net Assets per Share¥2,309¥2,467¥2,590

¥281

12.2%

¥123

5.0%

Average exchange rate (US dollars)¥134.9¥130.0¥131.4△\3.5－¥1.4－Results

Sales* Current net income is the current net income attributable to the parent company shareholders.
* 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. As a result of this, fiscal 2023 includes a 24.8 billion yen year-on-year decline in net sales. No impact on income.

9/16

2-2 Analysis of FY2023 Forecasts: Consolidated Sales
Sales volume is expected to increase. Net sales are expected to decrease
due to the impact of customer-received steel materials for stamping.
（ 100 millions of yen）

Customer-receivedsteel materials

1,912

Materialfor stamping
Sales
Volume△248

1,900+78

ExchangeConversion△23SellingPrice△13FY2022

Price+196
Exchange
Exchange
Lossloss△3Sales △1.2 Billion yen

FY2023
Forecast

10/16

2-3 Analysis of FY2022 Forecasts: Operating Income
Costs increased due to sales volume up. Continued improvement
is expected to increase profits.
(100 millions of yen)

Cost

92

LaborImprovement

Cost

△19

MaterialSales

Price

Volume△14Expenses△14Depreciation(excl.dies)

105+3+27SellingPrice△13Exchange+45

Loss△3FY2022

Operating Income ＋1.2 billion yen

FY2023
Forecast

11/16

2-4 Forecast by Business Segments
In the stamping and plastic molding business, sales are apparently expected to decline,
but profit is expected to increase due to an increase in actual volume.
Decrease in sales and profit expected for valves.
（100 million yen,％）

Sales

Operating Income

FY2022

FY2023

YoY Rate

ResultForecast

Gain&Loss

Stamping &Plastic Molding

1,368

1,360

△8(The Impact of increased
customer-received materials forstamping)(△51)(△299)(△248)FY2022

FY2023%Change

ResultForecast

Gain&Loss%Change△0.6

4975+25+50.7

3.6%

5.5%+1.9P

4230△127.9%

5.6%

△2.3P

Operating Income Ratio

ValvesOperating Income Ratio

542535△7△1.3

YoY Rate△29.6• Sales decrease since FY2022 Q4 due to expansion of offsetting range of sales and its cost; the impact of customer-received steel materialsfor stamping. No impact on income.

12/16

2-5 Forecast by Region
Decrease in sales and income in Japan and Asia, increase in sales andincome in Europe and America.
（100 millions of yen,％）SalesJapan(The Impact of increased
customer-received materials forstamping)Operating Income

FY2022

FY2023

YoY Rate

ResultForecast

Gain&Loss706685△21(△51)(△299)(△248)FY2022

FY2023%Change

ResultForecast

Gain&Loss%Change△3.04947△2△5.8

7.1%

6.9%

△0.2P

△123+24△0.2%

2.9%+3.1P

3627△98.7%

6.6%

△2.1P

Operating Income Ratio

Europe & America

781

803

+21+2.8

Operating Income Ratio

Asia
Operating Income Ratio

425412△13△3.1

YoY Rate-△26.8• 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.

13/16

2-6 Capital investments and Depreciation
Aggressive investment in new stamping plants and production lines for
new valve products.

Capital investment（100 million yen）

AsiaEurope＆America

235
162
1861

Japan

164
84
'19

380
20
30

（100 million yen）

229

2149

Depreciation

'20

181
27

23

44

330

35

119

'21

163'22‘23'23（予）

165

182

188

27

26

142

146

25
33

23
38

84

85

92

100'19'20'21'22

26
46

55

40121

‘23'23(予)14/16

2-7 Topics
Promote solutions to customer and social issues and improve corporate value.
New stamping plante-WAVES Cloud

https://www.pacific-ind.co.jp/news/20230704113026.html

Selected as an ESG
index adopted by GPIF（Selected for 2 consecutive years）

・The first construction was completed in July.

・Update dedicated cloud system for・Selected as a constituent of the FTSE Blossom

Preparing to start operation in November.

multi-sensing logger "e-WAVES"

Japan Index for the first time.

・Improve a decent work environment

・Ensuring high security and falsification

It is an index for Japanese companies that・Sequentially established die production plantprevention in line with the requirements ofare making excellent efforts on ESG.

and R&D center.

the pharmaceutical industry.

15/16