FY2022 Third Quarter
Financial Results Briefing
The 99th period:Apr. 1st, 2022- Dec.. 31st, 2022

February 2, 2023

Contents

１．FY2022 3rd Quarter Financial Performance
２．Financial Forecast (FY2022)

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 Q3 Consolidated Financial Summary
Increase in sales and reached a record high, decrease in income
due to higher costs of materials, etc.
（100 millions of yen, ％）FY2021

FY2022Q3 Cumulative
ResultQ3 Cumulative
ResultGain&Loss% Change

1,434+233

＋19.5

7756

△20

△26.9

6.5%

4.0%

△2.5P

10085

△158.4%

5.9%

△2.5P

7462

△12Quarterly Net Income margin

6.2%

4.3%

△1.9P－Average exchange rate（U.S. dollars）¥110.9¥135.4¥24.5－

Sales
Operating Income

1,200
Record HighOperating Income Ratio

Ordinary Income

Record High

Ordinary Income Ratio

Net income attributable toowners parent

Record High

Record HighYoY rate－△15.1－

△16.2

3/18

1-2 Q3 Analysis of Consolidated Sales
Record high sales for Q3 due to yen depreciation, rising steel prices andrecovery of overseas production

4/18

1-3 Q3 Analysis of Consolidated Operating Income
Income decreased due to lower selling prices and higher costs despite efforts toimprove costs

5/18

1-4 Financial Results by business segments
Sales increased and income decreased for both segments（100 million yen,％）
Sales

Stamping & Molding

21/Q3

22/Q3

Cumulative
ResultCumulative
Result829

1,027

Operating Income
YoY rate

21/Q3

22/Q3

YoY rate

Gain&Loss %Change

Cumulative
ResultCumulative
ResultGain&Loss %Change

3220△123.9%

2.0%

△1.9P

4536

△912.2%

8.9%

△3.3P

+197

+23.8

Operating Income Ratio

ValvesOperating Income Ratio

369405+36+9.8

△37.8

△19.9

6/18

1-5 Financial Results by Region
Sales increased and income decreased in Japan, Europe, and America.
Sales and income increased in Asia
（100 million yen,％）

Sales
21/Q3

22/Q3

Cumulative results Cumulative results

Japan507553

Operating Income
YoY Rate

Gain&Loss%Change+45+9.0

Operating Income Ratio

Europe & America

455

559

+103+22.8

Operating Income Ratio

Asia
Operating Income Ratio

237

321+84+35.5

21/3Q

22/3Q

Cumulative results Cumulative results

YoY Rate
Gain&Loss%Change△23.2

4635△109.2%

6.5%△2.7P8△13△211.9%

△2.3%

△4.2P

2229+79.5%

9.2%△0.3P-+31.5

7/18１．FY2022 3rd Quarter Financial Performance
２．Financial Forecast (FY2022)

8/18

2-1

FY2022 Forecast Summary
We have left the financial forecast unchanged from that announced onOctober 26. Sales are expected to reach a record high.
（100 million yen,％）FY2021

FY2022

ResultForecast 10/26

Gain&Loss%Change

YonY rate

Sales

1,644

1,850+205

12.5%

Operating Income

10785△22△21.0%

Operating Income Ratio

6.5%

4.6%

△1.9P

－

Ordinary Income

146115△31△21.3%

Ordinary Income Ratio

8.9%

6.2%

△2.7P

－

Current Net Income

9883△15△15.3%

ＲＯＥ

8.1%

6.2%

△1.9P

－

ＲＯＡ(Operating income basis）

4.6%

3.4%

△1.2P

－Net Assets per Share¥2,138¥2,316¥178

8.3%*2 Average exchange rate (US dollars)¥112.1¥134.4

¥22.3

－

*1

*1 Current net income is the current net income attributable to the parent company shareholders.
*2 The assumption of the exchange rate for the fourth quarter onward has been revised from the previous forecastof 140 yen/$ announced on Oct. 26th to the current forecast of 130 yen/$.

9/18

2-2 Analysis of FY2022 Forecasts: Consolidated Sales
Sales are expected to reach a record high due to the impact of yen
depreciation, rising steel prices and recovery of overseas production.

10/18

2-3 Analysis of FY2022 Forecasts: Operating Income
Income decreased due to lower selling prices and higher costs despite
efforts to profit improvements

11/18

2-4

Forecast by Business Segments

Sales increased and income decreased for both segments（100 million yen,％）

Sales

Stamping & Molding

Operating Income

FY2021

FY2022

ResultForecast

Gain&Loss

1,142

1,323+180(The Impact of increased
customer-received materials forstamping)YoY Rate

FY2021

FY2022%ChangeResultForecastGain&Loss%Change+15.84943△6△12.7

4.3%

3.3%

△1.0P

5843

△1511.7%

8.2%

△3.5P

＊ (△53)Operating Income Ratio

ValvesOperating Income Ratio

YoY Rate499

526+26+5.2△26.2* FY2022 Sales will be expected decrease 5.3billion since FY2022 Q4 due to the impact of increased customer-received materials for stamping.
No impact on income.

12/18

2-5 Forecast by Region
Sales expected to increase and income decrease in Japan, Europe, and America.
Sales and income expected to increase in Asia
（100 million yen,％）SalesJapan

Operating Income

FY2021

FY2022

ResultForecast

Gain&Loss

687699+11(The Impact of increased
customer-received materials forstamping)*YoY Rate

FY2021

FY2022%Change

ResultForecast

Gain&Loss%Change+1.66150△11△18.7

8.9%

7.2%

△1.7P

13△5△182.2%

△0.7%

△2.9P

3136+49.2%

8.6%

△0.6P

(△53)

Operating Income Ratio

Europe & America

612

734+121+19.8

Operating Income Ratio

Asia
Operating Income Ratio

344

YoY Rate

417+72+21.0-+13.7* FY2022 Sales will be expected decrease 5.3 billion since FY2022 Q4 due to the impact of increased customer-received materials for stamping.
No impact on income.

13/17

2-6 Quarterly performance trends
Secured income in Q3 due to profit improvement
Income is expected to be maintained in 4Q due to increased sales volume
Sales

Operating Income( 100 millions of yen )Production

Sales up

cut indue toOct. andproduction

Nov.,

recoveryrecoveringin variousin Dec.

regionMaintainedSales

Sales

sales due toincrease

increaseyendue todue todepreciatio

productionprogressn despite

recoverying yenvolumeand yendeprecia

declinedepreciatio

tion

n416

444

444

525

464

( 100 millions of yen )(億円)

Decrease insales dueto theSecured income by
the production
recoveryincrease of

Income decreased due

Securedto material/energy

income due

price hike and increased

to improved

labor costs.

profitability

customer-

Maintainprofit byincreasin
g salesvolumereceivedmaterials
forstamping.

415

27

30

29

28

16
9

21/3Q

21/4Q

22/1Q

22/2Q

22/3Q

22/4Q

21/3Q

21/4Q

22/1Q

22/2Q

22/3Q

22/4Q

14/18

2-7 Capital investments and Depreciation
Investments for future growth are progressing

Capital investment

Depreciation（100 million）

220

AsiaEurope＆America

Japan

48

250

235

37

21
49

162
18

59

181
27

'18

'19'20

25

23

33

38

77

84

85

92

102

'18

'19

'20

'21

22

26

119

'21'22

27

146

24
167

165

142

127

35

164
84

185

46

61
112

（100 million）

26
46

56

15/18

2-8 Topics
Aiming to improve corporate value by promoting solutions to customer and social issues

Win a project awarde-WAVES

New model to be released

for our product equipped with
the new Toyota Prius“e-WAVES”
Multi Sensing Logger
Roof center reinforcement made of 1470MPa material

・We propose parts structure and lead to cost
reduction while maintaining collision safety・Strengthen proposal capabilities in existing
businesses

Expanded ofrenewable energy
introduction

Yoro Plant

Image during
cell transport

Expanded area

・High-spec model that meets industry needs

・Expansion of solar power generation facilities in Japan and・Improve quality control of cell storage and transport.

overseas

Contribute to the development of the regenerative medicine

・Achieved domestic renewable energy ratio of 30%

field・Target of 2030 renewable energy ratio:

・Sales to start in April 2023

20％ as Global
We made progress towards the goal

16/18

2-9 Initiatives for the next term

■Changes in the Business Environment, Risks and Opportunities

・As a result of resolving the semiconductor supply shortage, shift to recovery production
・Raw material and energy price hikes continue
・Changes in monetary policy by the Bank of Japan / There are concerns that the North American

economy will slow down

・Demand for new products expands due to progress for electrification in the mobility field■Future Initiatives

・Securing profits during recovery production and strengthening profit structure
・Expand existing businesses by seizing electrification business opportunities
・Accelerate development in non-automotive fields and discover new businesses
・Formulation and promotion of a new medium-term management plan for medium- to long-term

growth and value creation

17/18