Press Kogyo : FY2023 First Quarter (1Q) Financial Results

Beyond manufacturing.

Toward creation.

FY2023 First Quarter(1Q)

Press Kogyo Co., Ltd.

Financial Results

August 9, 2023

Agenda

Ⅰ. FY2023 First Quarter（1Q） Financial Results

Note: This document is a translation from the Japanese original for reference purposes only. In the event of any discrepancy between this translation and the Japanese original, the Japanese original shall prevail. Press Kogyo Co., Ltd. assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

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Financial Results

Millions of Yen

	FY2022	FY2023	Difference
	1Q	1Q
Net Sales	42,287	51,203	+8,916	+21.1%
Operating Income	2,448	3,325	+877	+35.8%
Consolidated operating	5.8%	6.5%	+0.7%	-
Income ratio
Ordinary Income	2,935	3,689	+754	+25.7%
Net Income*	1,628	2,384	+756	+46.5%

＊Net Income Attributable to Owners of the Parent.

Acquisition of treasury	1,000	1,000	+0
stock

Main factors contributing to

increase in profit

			Effect of		energy		Total
	steel	foreign
		costs
			exchange
+903	+1,813		+90		+2,807
-		+133	△161		△28
			USD	THB	RMB	SEK
	FY22		122.41			3.69	19.25	13.25
	FY23		133.54			3.92	19.42	12.90

■ Financial Results showed increases year on year owing to improvement in component shortages and effects of foreign exchange due to weak yen

■ Recorded gain of 509 million yen in extraordinary income for land use rights at subsidiary in China (PMC), which was dissolved in September 2021 (added 282 million yen to net income)

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Sales by Regions

Millions of Yen

				Effect of foreign exchange
FY2022	FY2023	Difference
1Q	1Q		Foreign exchange	After
		Difference
				gains and losses	exclusion

Press Kogyo	14,884	17,643	+2,759	+18.5%			17,643	+2,759
Domestic	7,215	8,386	+1,171	+16.2%			8,386	+1,171
Subsidiaries
Thailand	15,553	22,388	+6,835	+43.9%	1,314	21,074	+5,521
U.S.A.	5,626	5,051	△575	△10.2%	421	4,630	△996
Indonesia	1,672	1,577	△95	△5.7%	131	1,446	△226
Sweden	2,205	2,015	△190	△8.6%		△ 55	2,070	△135
China	814	532	△282	△34.6%	5	527	△287
Elimination	△5,683	△6,389	△706	-		△ 3	△ 6,386	△704
Total	42,287	51,203	+8,916	+21.1%	1,813	49,390	+7,103

Main factors contributing

to difference

Increase in production for automobiles and construction machinery

Increase in production for automobiles and construction machinery

Rising steel prices and increase in mold sales

Decrease due to discontinued production of models for some customers

Decrease in production for exports

Decrease due to falling steel prices

Decrease in production continued due to sluggish Chinese market

	USD	THB	RMB	SEK
FY22	122.41	3.69	19.25	13.25
FY23	133.54	3.92	19.42	12.90

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Sales by Products

Millions of Yen

		FY2022						FY2023					Difference
		1Q			Ratio			1Q		Ratio
Large Truck
	7,399	17.5%	8,558			16.7%	+1,159	+15.7%
Parts
Small Truck		25,948	61.3%		32,827			64.1%		+6,879	+26.5%
Parts
Construction
	7,381	17.5%		8,434			16.5%		+1,054	+14.3%
Machinery Parts
Others		1,559	3.7%		1,384			2.8%			△175	△11.2%
Total		42,287	-			51,203			-		+8,916	+21.1%

Year-on-year increase for all products due to improvement in component shortages ■ Large Truck Parts: Increase in production at Press Kogyo

■ Small Truck Parts: Mainly rising steel prices and increase in mold sales in Thailand

■ Construction Machinery Parts: Increase in production at Press Kogyo and domestic subsidiaries

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