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Pack : Briefing Materials on Business Results for the Second Quarter of the Year Ending December 31, 2023
September 15, 2023 at 12:33 am
THE PACK CORPORATION
Briefing Materials on Business Results for the Second Quarter of the Year Ending December 31, 2023
September 4, 2023
Contents
Topics
Business Results for the Second Quarter of the Year Ending December 31, 2023
Forecasts of Business Results for the Year Ending December 31, 2023
Promoting sustainable management
Progress on the Medium-Term Management Plan
Reference Materials
Copyright© 2023 The Pack Corporation. All Rights Reserved.
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1
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-year earnings 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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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 .
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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
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Pack Corp is a Japan-based company mainly engaged in the manufacture and sale of paper bags, paper containers, cardboard and plastic bags. The Company operates through two business segments. The Paper Products segment is engaged in the manufacture, purchase and sale of paper bags, printed paper containers, cardboard and other items. The Chemical Products segment is engaged in the manufacture, purchase and sale of plastic bags and tailor bags. The Company is also engaged in the purchase and sale of gifts, extras, price tags, design production, advertising supplies.
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