THE PACK CORPORATION

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

September 4, 2023

Contents

Topics

  1. Business Results for the Second Quarter of the Year Ending December 31, 2023
  2. Forecasts of Business Results for the Year Ending December 31, 2023
  3. Promoting sustainable management
  4. Progress on the Medium-Term Management Plan
  5. Reference Materials

Copyright© 2023 The Pack Corporation. All Rights Reserved.

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  1. 21 P. 24

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1

Topics

  • While food-service, leisure, and lodging-related demand showed a recovering trend as COVID-19 restrictions eased, future prospects remained uncertain due to the effects of soaring energy prices, inflation spurred by rising materials costs, and exchange-rate fluctuations.
  • The Pack's business performance showed increased sales and profits across all segments. Recovering personal consumption combined with efforts to grow sales and propose solutions to customers resulted in increased sales volumes. Despite the rising costs of sales, each profit account showed considerable growth thanks to efforts to normalize sales prices.
  • Full-yearearnings forecasts and year-end dividends forecast have been revised upward. Plans call for annual dividends of 78 yen per share (up 13 yen from last year).
  • Sustainable Committee was set up to promote sustainable management.

Copyright© 2023 The Pack Corporation. All Rights Reserved.

2

1. Business Results for the Second Quarter of the Year Ending December 31, 2023

3

Summary of Business Results

Recovering markets combined with higher sales volume and normalization of sales prices to drive

large-scale growth in sales and profit.

Net sales

Operating profit

Ordinary profit

Profit attributable to owners of parent

(Million yen)

Second quarter of year

Second quarter of

ended December 31,

year ending

2022

December 31, 2023

Actual

Actual

YoY change

39,617

44,878

13.3%

2,044

2,976

45.6%

2,298

3,147

36.9%

1,422

2,133

50.0%

  • Personal consumption recovered as the lifting of all COVID-19 restrictions led to consumers going out more and increased inbound demand.
  • Despite rising costs, operating profit grew significantly with surging sales volumes and rising average sales prices due to price normalization.
  • Paper bags, paper cartons, and film packaging in particular drove sales and profits.

Copyright© 2023 The Pack Corporation. All Rights Reserved.

4

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Disclaimer

The Pack Corporation published this content on 15 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2023 04:32:03 UTC.