Pack : Briefing on Business Results for the Second Quarter of Year Ending December 31, 2023

THE PACK CORPORATION

Briefing on Business Results for the Second Quarter of Year Ending December 31,

2023

September 05, 2023

Event Summary

[Company Name] THE PACK CORPORATION

[Company ID]3950

[Event Language]	JPN
[Event Type]	Briefing on business results
[Event Name]	Briefing on Business Results for the Second Quarter of the Year Ending
	December 31, 2022

[Fiscal Period]FY2023 2Q

[Date]	September 5, 2023
[Pages]	34
[Time]	10:00 - 10:42
	(Total: 42 minutes: Presentation: 28 min.; Q&A: 14 min.)
[Location]	The Pack Corporation Tokyo Head Office and online streaming

[Venue Area]

[Number in Attendance]

[Speakers]	2
	President & CEO	Hideaki Yamashita ("Yamashita" hereinafter)
	Managing Director, Corporate Division
	Michihisa Fujii ("Fujii" hereinafter)

Support
Japan	050-5212-7790	US	1-800-674-8375
Toll free	: 0120-966-744	Email	: [e-mail]

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Presentation

Moderator: The scheduled hour has arrived. We will now commence The Pack Corporation's briefing on business results for the year ending December 31, 2023. Thank you very much for attending our briefing on business results today despite your busy schedules.

I would like to start by introducing two attendees. On your right is Hideaki Yamashita, our Company's President and CEO. On the left is Michihisa Fujii, Managing Director of the Corporate Division. We appreciate your kind attention.

Today's briefing is being held at our Tokyo Head Office. It is also being live-streamed online. The briefing is scheduled to take one hour. Our presentation will be based on the materials on financial results disclosed on our website yesterday, September 4. In accordance with the order indicated in the Table of Contents, President Yamashita will present Topics; Mr. Fujii will present Business Results for the Second Quarter of the Year Ending December 31, 2023 and Forecasts of Business Results for the Year Ending December 31, 2023; and President Yamashita will present our promotion of sustainable management and progress on the Medium-Term Management Plan.

A question-and-answer session will follow the presentation. We will take questions during the Q&A session from those participating online as well as those attending at the venue. We will accept online questions via computer audio only. Please use the Raise Hand button at the bottom of the screen when the time comes to let us know if you have a question. Please wait for your turn to speak. More detailed explanations will be provided later.

Now, President Yamashita will begin his presentation on the Topics. Mr. Yamashita, would you please?

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Japan	050-5212-7790	US	1-800-674-8375
Toll free	: 0120-966-744	Email	: [e-mail]

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Yamashita: Thank you for the introduction. My name is Hideaki Yamashita. Now, let me begin by presenting reports on several topics.

Food and beverage, leisure, and lodging-related activities have begun recovering with easing restrictions on activities due to COVID-19, but the outlook remains uncertain due to soaring energy prices, high commodity prices associated with rising material prices, and the effects of fluctuations in foreign exchange rates.

Company sales and profits increased across all segments. Sales volumes have increased due to recovery in personal consumption, our solution proposals for customers, and efforts to promote sales. Despite the rising cost of sales, profits increased significantly thanks to efforts to optimize sales prices.

We have revised upward our full-year forecasts both for business results and projected year-end dividends. We plan to pay annual dividends of 78 yen per share.

To promote sustainable management, we have established a Sustainable Committee charged with the Mission to bolster social prosperity and creating satisfaction through packaging. This concludes my presentation.

Support
Japan	050-5212-7790	US	1-800-674-8375
Toll free	: 0120-966-744	Email	: [e-mail]

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Moderator: Mr. Fujii will now present the business results for the second quarter of the fiscal year ending December 31, 2023.

Fujii: My name is Fujii. Thank you for the introduction. I will discuss our financial results for the second quarter of this fiscal year.

Let's begin with a summary. A recovering market, expanding sales volumes, and optimized sales prices led to significant growth in both sales and earnings.

Net sales increased 13.3% year-on-year to ¥44.8 billion. Profit attributable to owners of parent increased 50% year on year to of 2.1 billion yen.

Support
Japan	050-5212-7790	US	1-800-674-8375
Toll free	: 0120-966-744	Email	: [e-mail]

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