Toyo Seikan : Financial Results for First Quarter of FY2023(From April to June 2023)
August 09, 2023
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Financial Results
for First Quarter of FY2023
(From April to June 2023)
August 10, 2023
Contents
1 FY2023 Q1 Results
(From April to June 2023)
2 Reference Information
* All amounts in this document are rounded down to the nearest hundred million yen.
d.
2
1 FY2023 Q1 Results
(From April to June 2023)
3
Summary of FY2023 Q1 Results
(Compared to the previous year's results)
Net sales increased thanks to progress in cost pass-through in the packaging business, while overall operating income fell due to a low sales volume of magnetic disk aluminum substrates in the functional materials related business amid sluggish market conditions.
(in billions of yen, except for ratios)
Net sales
Operating income
Operating income margin
Ordinary income
Ordinary income margin
Profit attributable to owners of parent
FY2022
FY2023
Change
Change %
Q1
Q1
(Results)
(Results)
225.5
235.3
9.7
4.3%
7.9
7.5
-0.4
-5.3%
3.5%
3.2%
14.1
11.8
-2.3
-16.3%
6.3%
5.0%
11.0
8.4
-2.6
-23.6%
COPYRIGHT Toyo Seikan Group Holdings, Ltd. All rights reserved.
4
Factors of Change in Net Sales
(Compared to the previous year's results)
Sales of domestic packaging segment grew due to continued cost pass-through efforts. Functional materials related segment's sales declined in both Japan and Asia.
Sales in the U.S. and other regions expanded thanks to foreign currency effects despite a reduced sales volume in engineering segment.
COPYRIGHT Toyo Seikan Group Holdings, Ltd. All rights reserved.
5
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Toyo Seikan Group Holdings Ltd. published this content on 10 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2023 03:46:02 UTC.
Toyo Seikan Group Holdings, Ltd. is a Japan-based packaging container manufacturer. The Company operates in four business segments. The Packing Container Related segment is engaged in the manufacture and sale of cans for canning and other metal products, plastic, glass and paper products, as well as the contract manufacture and sale of aerosol products and general goods filing. The Steel Plate Related segment is engaged in the manufacture and sale of steel and processed steel plates. The Functional Material segment offers disk substrates, optical function films, glazes and gel coat. The Real Estate segment is engaged in the leasing of buildings and commercial facilities. The Others segment is engaged in the manufacture and sale of hard alloy, machineries and tools, agricultural materials, the sale of petroleum products, as well as the insurance agency business.
TOYO SEIKAN GROUP HOLDINGS, LTD. 
