FY2022

Results Presentation

KITZ CORPORATION

February 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. FY2022 Financial Results
  2. Progress of 1st Medium-term Management Plan 2024 and FY2023 Plan
    - Appendix -

©2023 KITZ CORPORATION All Rights Reserved

2

  1. FY2022 Financial Results
  2. Progress of 1st Medium-term Management Plan 2024 and FY2023 Plan
    - Appendix -

©2023 KITZ CORPORATION All Rights Reserved

3

Summary of FY2022 Financial Results

Sales

¥159.9 Billion

YoY+17.8%

vs. Plan+1.9%

  • Record-highSales
  • Valve Manufacturing Business

Increased by 17.3% YoY on the back of price revisions, strong performance in Semiconductor Equipment, recovery in the Americas and ASEAN markets, and forex effects

  • Brass Bar Manufacturing Business

Increased by 18.8% YoY led by higher sales prices from higher raw material prices and sales volume growth

ROE

10.0%

YoY+3.6P

vs. Plan+1.0P

  • FY2021 Result : 6.4%

Operating Income

¥11.0 Billion

YoY+22.9%

vs. Plan+5.3%

  • Valve Manufacturing Business

Increased by 23.9% YoY due to strong performance in Semiconductor Equipment and profit growth from sales growth in Japan and overseas followed by the market recovery

  • Brass Bar Manufacturing Business

Decreased by 66.6% YoY as a result of a defect in furnace renewal work in Q1, a decline in sales prices due to a sharp drop in raw material prices, and higher energy costs in Q3

Annual Dividend

¥33 per share

YoY¥+13

  • Record high dividend with a further ¥2 increase in year-end
  • Dividend payout ratio: 34.6%

©2023 KITZ CORPORATION All Rights Reserved

4

FY2022 Results

(Millions of Yen)

FY2021

FY2022

FY2022

YoY

vs. Plan

Results

Plan

Results

Change

Sales

135,790

157,000

159,914

24,124

17.8%

2,914

1.9%

Valve Manufacturing

106,754

123,000

125,189

18,434

17.3%

2,189

1.8%

Brass Bar Manufacturing

27,366

32,000

32,513

5,146

18.8%

513

1.6%

Operating Income

8,990

10,500

11,051

2,060

22.9%

551

5.3%

%

6.6%

6.7%

6.9%

Valve Manufacturing

12,088

14,400

14,980

2,892

23.9%

580

4.0%

Brass Bar Manufacturing

665

100

222

(443)

(66.6%)

122

122.5%

Ordinary Income

8,975

11,450

12,045

3,070

34.2%

595

5.2%

%

6.6%

7.3%

7.5%

Net Income Attributable to

4,954

7,700

8,549

Owners of the Parent

3,595

72.6%

849

11.0%

%

3.6%

4.9%

5.3%

Yen / US Dollar

110.39

133.31

132.09

Yen / Euro

130.36

138.03

138.49

*Note : Total Sales and Operating Income

Electrolytic Copper, Yen/ton

1,067,000

1,178,750

1,194,750

include other segment and adjustment.

©2023 KITZ CORPORATION All Rights Reserved

5

Attachments

Disclaimer

Kitz Corporation published this content on 20 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 February 2023 08:29:09 UTC.