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
- FY2022 Financial Results
-
Progress of 1st Medium-term Management Plan 2024 and FY2023 Plan
- Appendix -
©2023 KITZ CORPORATION All Rights Reserved | |2 |
- FY2022 Financial Results
-
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 |