Financial Results
Briefing for Q1
Year Ending March 2022
The 98th period：Cumulative First Quarter(Apr. 1st, 2021-Jun. 30th, 2021)

July 28, 2021

Table of Contents

１．Financial Results for Q1

２．Full Year Forecast for FY2021
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.

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1-1 Q1 Consolidated Results
Record high profit in Q1 due to sales recovery and cost improvement（100 million yen, ％）FY2020

FY2021Q1 Result

Q1 ResultGain&Loss% Change

415+176＋74.2

33+56－

8.1%+17.5P－

38+56－

9.4%+16.9P－

28+41－

△5.5%

7.0%

+12.5P－¥108.0¥109.9+¥1.9－

Sales

238

Operating Income (△:Loss)△22

Operating Income Ratio

Ordinary Income (△:Loss)
Ordinary Income Ratio
Quarterly net income attributable tothe parent company shareholders(△:Loss)
Quarterly Net Income margin
Average exchange rate （U.S. dollars）

YoY rate

Record High

△9.4%

△17Record High

△7.5%

△12Record High

※Revenue recognition accounting standards have been applied since FY2021. The amount of impact on sales is as follows. The impact on profits is minor.

Sales increased by 0.2 billion yen due to the collective recognition of mold cost collection, and decreased by 1.2 billion yen
due to the offset display of sales of customer-received products and cost of sales.

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1-2 Q1 Causes of Fluctuation in Consolidated Operating Income
Record high profit due to sales recovery and cost improvement
Increased

Increasedsales volumeExpenses+60△7unit: 100 million yen

MaterialSelling price△5Increased

Cost

Depreciaton

improvement(excluding dies) Increased△3FY2020
1Q△22labor cost
△2price

Exchange
gain+233+4+7

Operating Income ＋５.６billion yen

FY20211Q

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1-3 Q1 Consolidated Business Segments
Sales and profits increased for stamping & molding and valves（100 million yen,％）
Sales

Stamping & Molding

Operating Income

2020/Q1

2021/Q1

YoY rate

20/Q121/Q1

YoY rate

ResultResultGain&Loss %Change

ResultResultGain&Loss %Change

157283△2115+36△13.5%

5.4%+18.9P△118+19△1.7%

14.2%+15.9P(The impact of application ofrevenue recognition)+126+80.1(△10)

Operating Income Ratio

Valves(The impact of application ofrevenue recognition)

Operating Income Ratio－80

131+50+62.9－(△0)※Revenue recognition accounting standards have been applied since FY2021. The amount of impact on sales (included figures) is as follows.

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1-4 Q1 Consolidated Regional SegmentSales and profits increased in Japan, Europe, America, and Asia
（100 million yen,％）
Sales

Operating Income

2020/Q1

2021/Q1

YoY rate

20/Q1

21/Q1

YoY rate

ResultResultGain&Loss %Change

ResultResultGain&Loss %Change

122

175

△1218+31△10.3%

10.6%+20.9P△96+16△13.0%

4.1%+17.1P

△18+9

△2.7%

10.7%+13.4P

Japan(The impact of application ofrevenue recognition)+53+43.4(△10)

Operating Income Ratio

Europe & America

74161+86+116.0

Operating Income Ratio

Asia
Operating Income Ratio－4077+36+90.3－－※Revenue recognition accounting standards have been applied since FY2021. The amount of impact on sales (included figures) is as follows.
The impact on profits is minor.

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１．Financial Results for Q1
２．Full Year Forecast for FY2021

３．Focus for This Term

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2-1 Full Year Consolidated Financial Forecast
Based on the Q1 results, the latest forecasts have been incorporated, andthe Q2 cumulative and full-year forecasts have been revised upward.
（100 million yen,％）FY2020

FY2021Q2 Year toDate Result

Full YearResultSales648

1,504

Operating Income8

Operating Income Ratio

QoQ rate

Full Year
Forecast

Gain&Loss%Change

Gain&Loss%Change

830

1,640+181

28.0%

+135

9.0%

8965

125+56654.1%+3539.3%

1.3%

6.0%

7.8%

7.6%

+6.5P

－+1.6P－

Ordinary Income

13112

70

140+56433.1%+2724.8%

Current Net Income

979

50

100+40450.8%+2025.3%

Q2 Year to Date
Forecast

Q2 Year to Date Result

Full Year

ＲＯＥ

－

7.6%

－

8.5%

－－+0.9P－

ＲＯＡ(Operating income basis）

－

4.2%

－

5.4%－－+1.2P－Net Assts per Share－

1,846yen－

2,021yen－－

175yen

9.5%

Average exchange rate (US dollars)

106.4yen

105.4yen110.2yen

107.5yen

3.8yen－2.1yen－※Current net income is the current (quarterly) net income attributable to the parent company shareholders.
※Revenue recognition accounting standards have been applied since FY2021. The amount of impact on sales is as follows. The impact on profits is minor.
Sales increased by 1.3 billion yen due to the collective recognition of mold cost collection, and decreased by 5.3 billion yen
due to the offset display of sales of customer-received products and cost of sales.

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

Sales are expected to recover. Expected to increase profits through continuous
cost improvement
Increased

unit: 100 million yen

sales volume Selling price+80△22Increased
Expenses△19

Increased

Exchange

Depreciaton

Cost

gain

improvement+4(excluding dies)△16

Increasedlabor cost
△1489

FY2020Material
price

125+29△7Operating Income ＋３.５ billion yen

FY2021
Forecast

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2-3 Full Year Consolidated Business Segments
Sales and profits are expected to increase for stamping & molding and valves（100 million yen,％）
Sales

Operating Income

FY2020

FY2021

YoY rate

FY2020

FY2021

YoY rate

ResultForecast

Gain&Loss %Change

ResultForecast

Gain&Loss %Change

1,045

1,1383961+213.7%

5.4%+1.7P

4964+1410.9%

12.8%

+1.9P

Stamping & Molding(The impact of application ofrevenue recognition)+92+8.9(△40)

Operating Income Ratio

Valves(The impact of application ofrevenue recognition)

Operating Income Ratio+55.9457

499+41+9.1+28.0(+0)※Revenue recognition accounting standards have been applied since FY2021. The amount of impact on sales (included figures) is as follows.
The impact on profits is minor.

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2-4 Full Year Consolidated Regional Segment
Sales and profits are expected to increase in Japan, Europe, America, and Asia
（100 million yen,％）
Sales

Operating Income

FY2020

FY2021

YoY rate

FY2020

FY2021

YoY rate

ResultForecast

Gain&Loss %Change

ResultForecast

Gain&Loss %Change

7027405171+197.4%9.6%+2.2P

1528+123.0%

4.8%

+1.8P

1824+56.8%

7.6%+0.8P

Japan(The impact of application ofrevenue recognition)+37+5.3(△40)

Operating Income Ratio

Europe & America

523586+62+11.9

Operating Income Ratio

Asia
Operating Income Ratio+37.1

277314+36+13.0+78.6+26.3※Revenue recognition accounting standards have been applied since FY2021. The amount of impact on sales (included figures) is as follows.
The impact on profits is minor.

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2-5 Quarterly consolidated financial results
Renewing record highs in each quarter on QOQ basis

Sales※¥44.4 billion

in FY2018 ※¥42.9 billion
was thein FY2019

Recordrecovery,highhighest

was theas Q3

everhighestin Q4highest

evereverhigh

as Q2409432in Q1423415

Rapid

Expected

Rapid
RecordSignificant(100 mllion yen)
to berecovery,the

Record
high

as Q2

in Q2

Operating
IncomeRecordRecordRecordhighhighhigh

as Q3

as Q4

as Q1

Expected
to bethehighest

41ever40

in Q2

33

31414

(100 mllion yen)31

decreasein salesSignificant

due todecrease

COVID19in profit
due to238

COVID19

△22
20/1Q

20/2Q

20/3Q

20/4Q

21/1Q

21/2QForecast

20/1Q

20/2Q

20/3Q

20/4Q

21/1Q

21/2QForecast

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2-6 Consolidated Capital Investment & Depreciation
Prioritizing capital investment that has a large effect and that comes out quickly

Capital Investment
208AsiaEurope &America

34

61

220

48

235

Depreciation（ 100 million yen ）

2149

180
162

18

59

40
40

164

Japan

'17

142

146

25

23

33

38

77

84

85

'18

'19

'20

99

24

24

26

29
44

13

112

'18

165
127

61

113

（100 million yen）

84

'19

'20

100
62

'21(forecast)

'17

92

'21(forecast)

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１．Financial Results for Q1
２．Full Year Forecast for FY2021

３．Focus for This Term

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3 Focus for This Term
Aiming for sustainable growth by expanding existing areas and introducing resources
into new fields

Existing Areas
・Improving profitability in both stamping& resin and valve businesses⇒Smooth launch of new car models globally
Improving productivity through thorough labor saving andquality improvement

New Fields
・Accelerating solution development
applying TPMS core technology⇒Plans for continuous commercialization due toresource shift・Sales expansion/application of“e-WAVES”

Maintaining a production system in response to fluctuationsin the number of units

・Securing growth opportunities due toprogress in electrification and Carbonneutral⇒Accelerating product development for EVs⇒Deepening of cold ultra-high-tensile
technology
Electric expansion valve
for EVs

温度
湿度

位置振動

気圧照度
e-WAVES

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