Financial Results
Briefing for Q1
Year Ending March 2023
The 99th period：Cumulative First Quarter(Apr. 1st, 2022-Jun. 30th, 2022)

July 27, 2022

Table of Contents

１．Financial Results for Q1

２．Full Year Forecast for FY2022
３．Focus for This Term
Caution in handling this document
Future forecasts, including this document, were judged according to the current information. Actual financial
results might be considerably different from the forecast mentioned here depending on the Japanese orinternational economic situation, business trends related to our company, and any risk or indefinite factors
involved in fluctuation of exchange rates.

2/17

1-1 Q1 Consolidated Results
Record highest were achieved for sales and net income due to foreign exchange
gains from yen depreciation despite decrease in sales volume due to lower
automobile production（100 million yen,％）FY2021

FY2022

Q1 Result

Q1 Result
RecordYoY rate
Gain&Loss%Change

444+29＋7.1△50.6

Sales415

Operating Income

33

16△168.1%

3.7%

△4.4P

3838+0△09.4%

8.7%

△0.7P

29+0△0.5P

Operating Income Ratio

Ordinary IncomeOrdinary Income Ratio

HighNet income for the year attributable toowners of the parent

28

Ratio of net income to sales(%)

7.0%

6.5%

Average exchange rate (US dollars)¥109.9¥125.9RecordHigh¥16.0－△0.8－＋0.7－－

3/17

1-2 Causes of Fluctuation in Consolidated Net Sales
Sales reached a record high in Q1 due to yen's depreciation,
despite decrease in volume due to production cut

unit: 100 million yen

Exchange
Material
price
Exchange415

conversion

Sales volume△17

Selling pricegain+4444+18+33△9FY2021
Q1

Sales ＋2 .9billion yen

FY2022
Q14/17

1-3 Causes of Fluctuation in Consolidated Operating Income
Profitability improvement efforts continued, but operating income
decreased due to lower volume and labor cost for production fluctuations.
33

Selling price
unit: 100 million yen△9Salesvolume△6Labor cost
Depreciation△4(excl. dies)

Exchange
Materialimprovement△4Q1△1+1gainprice

FY2021

Expenses

Cost

16+2+4

Operating Income △１ .7billion yen

FY2022
Q15/17

1-4 Q1 Consolidated Business Segments
Sales up of both stamping＆molding and valves due to foreign exchange
gains, but income decreased due to cost increase caused by production
fluctuation and energy and material price hikes.
（100 million yen,％）SalesStamping & Molding

21/Q122/Q1

ResultResult283

310

Operating Income
YoY rate

Gain&Loss%Change+26+9.5

Operating Income Ratio

ValvesOperating Income Ratio

131

133+2+1.7

21/Q122/Q1

ResultResultYoY rate
Gain&Loss%Change

△70.1

154

△105.4%

1.5%

△3.9P

1811△614.2%

8.8%

△5.4P

△36.8

6/17

1-5 Q1 Consolidated Regional Segment
Sales and income down in Japan due to lower production volume.
Sales up and income down in Europe, in the U.S. and Asia
（100 million yen,％）SalesJapan

21/Q1

22/Q1

ResultResult175

162

Operating Income
YoY rate

Gain&Loss%Change△13△7.6

Operating Income Ratio

Europe & America

161

183+22+13.7

Operating Income Ratio

Asia
Operating Income Ratio

7798+20+26.6

21/Q1

22/Q1

ResultResult

YoY rate
Gain&Loss%Change

△56.3

188

△1010.6%

5.0%

△5.6P

61

△44.1%

0.9%

△3.2P

87+0△010.7%

7.4%

△3.3P

△74.9

△11.9

7/17

１．Financial Results for Q1
２．Full Year Forecast for FY2022

３．Focus for This Term

8/17

2-1 Full Year Consolidated Financial Forecast
Based on the Q1 results and changes in external environment,
full-year forecast have been revised.
（100 million yen,％）Previous (Apr.27)
Forecast Rate

FY2021

FY2022

YoY rate

Full Year

Full Year Forecast

Full Year

Full Year

as of April 27

ForecastlatestGain&Loss%Change

Gain&Loss%Change

1,644

1,780

1,780

+135

8.2%

+00.0%

Operating Income107125105△2△2.4%△20△16.0%

Operating Income Ratio

6.5%

7.0%

5.9%

△0.6P－△1.1P－

Ordinary Income

146

140135△11△7.6%△5△3.6%

Current Net Income

98

10095

△3△3.1%△5△5.0%

ＲＯＥ

8.1%

7.5%

7.0%

△1.1P

－

△0.5P

－

ＲＯＡ(Operating income basis）

4.6%

5.0%

4.2%

△0.4P

－

△0.8P

－

Net Assts per Share¥2,138¥2,254¥2,370

Average exchange rate

¥112.1¥120.0¥129.0ResultForecastSales(US dollars)¥105. 4

¥232

10.9%

¥116

5.1%

¥16.9－¥9.0－* Current Net income is profit attributable to owners of parent for the current period.

9/17

2-2 Causes of Fluctuation in Full Year Consolidated Sales
Expect increase in sales due to increase in sales volume and impact ofunit : 100 million yenyen depreciation.
Exchange
Material

Impact ofincreased

Exchangecustomer-received

conversion

price

gain+14

1,780

+36

materials forstamping+103

1,644

Sales volume△97
Selling price+111△32

FY2021

Sales ＋13.5billion

FY2022
Forecast

10/17

2-3 Causes of Fluctuation in Full Year Consolidated Operating Income

Operating income is expected to decrease due to material price hikes
despite recovery in sales volume; focus on continuous profit improvement
unit : 100 million yen
Selling

107

ExchangePricegain

Cost

improvement△32105+14

MaterialSales

Cost△14Expenses△9volumeDepreciation+25(excl. dies)△7Labor cost+27△7FY2021

Operating Income △0.2 Billion yen

FY2022
Forecast

11/17

2-4 Full Year Consolidated Business Segments
Sales and operating income are expected to increase for stamping and molding,
Valve sales are expected to increase, while its operating income is expected todecrease.
（100 million yen,％）

Sales

Stamping & Molding

Operating Income

FY2021

FY2022

ResultForecast

Gain&Loss1,142

1,235+92(The Impact of increased customerreceived materials for stamping)YoY Rate

FY2021

FY2022%ChangeResult

Forecast

Gain&Loss%Change+8.1

4957+7+15.8

4.3%

4.6%+0.3P

5848△1011.7%

8.9%

△2.8P

* (△97)

Operating Income Ratio

ValvesOperating Income Ratio

YoY Rate499

542+42+8.4△17.7* FY2022 Sales will be expected decrease 9.7 billion since FY2022 Q3 due to the impact of increased customer-received materials for stamping.
No impact on income.

12/17

2-5

Full Year in Consolidated Regional Segment

Sales and operating income are expected to decrease in Japan,
while expected to increase in Europe, the U.S., and Asia.

（100 million yen,％）SalesJapan

Operating Income

FY2021

FY2022

YoY Rate

ResultForecast

Gain&Loss687648△39

FY2021

FY2022%Change

ResultForecast

Gain&Loss%Change△5.86149△12△20.3

8.9%

7.6%

△1.3P

1321+72.2%

3.0%+0.8P

3133+19.2%

7.8%

△1.4P

* (△97)(The Impact of increased customerreceived materials for stamping)Operating Income Ratio

Europe & America

612707+94+15.4

Operating Income Ratio

Asia
Operating Income Ratio

YoY Rate

344425+80+23.4+52.6+4.2* FY2022 Sales will be expected decrease 9.7 billion since FY2022 Q3 due to the impact of increased customer-received materials for stamping
No impact on income.

13/17

2-6 Quarterly Consolidated Financial Results
Profitability declined due to cost increases caused by volume fluctuations and material
price hikes, but continue to improve profitability and minimize losses.

Sales

Operating income(100 mllion yen)(100 mllion yen)
Sales down

Production

Sales up

Sales up

Reflects

Steadydue to

cut indue todue to yen

the risk

Production

customer

Oct. andproduction

depreciatio

ofn despite

producti

production

Nov.,

recoverycuts inrecoveringin various

sales

onin Dec.

regionvolumefluctuati

down

ons

Aug.& Sep.

Highest everin Q1 due tothe profit
improvement

Incomedecreased due todecreasein salesIncomeProfitability declined

decreased

due to expenses

due to therelated production

production

fluctuation despite

volumeincome up withdown,

production recovery

production
adjustment
costs up,

416

415

444

444

445

and material

33368

2729

1621/Q1

21/Q2

21/Q3

21/Q4

22/Q1

22/Q2
forecast

21/Q1

21/Q2

21/Q4

the impact
ofproduction
fluctuation
s＆material
price hikeprice hike

16

21/Q3

Reflects

22/Q1

18

22/Q2
forecast

14/17

2-7 New product launched
Contributing to the growth of high-quality cattle and Solving the challenges
facing farmers by labor saving and improving management efficiency

Sales start on

June 1, 2022

Needs and Issues
ofcattle livestockindustryof cattle body condition monitoring▶Labor saving

Increase in number of animals per household andlack of successors▶Productivity Improvement Decreased productivity due to lower conception rates▶Disease detection
Economic loss due to illness, injury, accident, etc.

System Overview

Visualization
on dedicated
AppTemperature
dataSolving with
TPMS Sensing & ICTFeatures and Strengths *Approved veterinary medical devices
Multifunction
in oneStress-freefor cattle

High detection

AI analysis

Activity data

Maintenance-freeLabor saving
forLivestock monitoring

15/17

１．Financial Results for Q1

２．Full Year Forecast for FY2022
３．Focus for This Term

16/17

3 Focus for This Term
■Result of Q1
・ Semiconductor shortage
・ Production fluctuations due to the impact of the Shanghai lockdown, etc.
・ Secured profit by controlling expenses and other costs■Full year forecast
・ Production is expected to recover from September onward.
・ Concerns about production fluctuations due to supply shortages in semiconductors, etc.

■Future Initiatives
・ Prepare for production recovery and maximize the effect of production
increase・ Launched a new product based on sensing technology
・ Continue activities to grow existing and new business
17/17