KITZ : FY2023 December 2nd Quarter Results Presentation

FY2023

1st Half Results Presentation

KITZ CORPORATION

August 2023

The forecast data presented herein reflects assumed results based on conditions that are subject to change. KITZ Corporation does not make representations as to, or warrant, in whole or in part, the attainment or realization of any of the forecasted results presented in this document. Numerical figures presented herein are rounded down.

©2023 KITZ CORPORATION All Rights Reserved

Contents

1. FY2023 1st Half Financial Results
2. FY2023 Forecast
3. Topics
   - Appendix -

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1. FY2023 1st Half Financial Results
2. FY2023 Forecast
3. Topics
   - Appendix -

©2023 KITZ CORPORATION All Rights Reserved	｜3

Summary of FY2023 1st Half Results

Sales

YoY : +5.6%

81.2 Billion

vs. Plan :+1.2%

Operating Income

YoY : +17.4%

6.5 Billion

vs. Plan :+1.1%

• Increased YoY due to higher sales in Valve Manufacturing Business and Others despite decreases in sales in Brass Bar Manufacturing Business
• Valve Manufacturing Business
  Increased YoY on the back of the effect of last year's price revision in domestic market, strong performance in Semiconductor Equipment and sales increase in the Americas, etc.
• Brass Bar Manufacturing Business Decreased YoY due to sales volume decrease
  despite raw material prices, which affect sales prices, being similar to H1 FY2022

• Increased YoY due to profit growth in Valve Manufacturing Business and Others despite decreased profit in Brass Bar Manufacturing Business
• Valve Manufacturing Business
  Increased YoY due to profit growth from sales growth
• Brass Bar Manufacturing Business Decreased YoY due to sales volume decrease

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FY2023 1st Half Results

(Millions of Yen)

		FY2022	FY2023	FY2023
		H1	H1	H1	YoY Change	vs. Plan
		Results	Plan	Results
Sales	76,932	80,300	81,274	4,341	5.6%	974	1.2%
	Valve Manufacturing	59,709	65,200	65,730	6,021	10.1%	530	0.8%
	Brass Bar Manufacturing	16,352	14,100	14,472	(1,880)	(11.5%)	372	2.6%
Operating Income	5,599	6,500	6,572	973	17.4%	72	1.1%
%		7.3%	8.1%	8.1%
	Valve Manufacturing	7,430	8,620	8,531	1,100	14.8%	(88)	(1.0%)
	Brass Bar Manufacturing	144	140	143	(1)	(1.1%)	3	2.4%
Ordinary Income	6,133	6,850	7,237	1,104	18.0%	387	5.7%
%		8.0%	8.5%	8.9%
Net Income Attributable to	4,147	5,300	5,485
Owners of the Parent	1,338	32.3%	185	3.5%
%		5.4%	6.6%	6.7%
Yen / US Dollar	124.54	134	136.54
Yen / Euro	135.14	146	147.89	*Note : Total Sales and Operating Income
Electrolytic Copper, Yen/ton	1,249,167	1,240,000	1,228,167	include other segment and adjustment.

©2023 KITZ CORPORATION All Rights Reserved	｜5