Ichikoh Industries : FY2023 1st Half Financial Result Investor Relations Meeting

2023 First Half Financial

Results

Investor Relations Meeting

September 8, 2023

Ichikoh Industries, Ltd.

Table of Contents

1	FY2023 First Half Financial Results
(January～June 2023）

• FY2023 Financial Forecast (January ～ December 2023)

• Towards Sustainable Enhancement of Corporate Value

September 2023 | 2

01 FY2023 First Half Financial Results (January～June 2023）

ICHIKOH RESERVED

September 2023 | 3

SALES OUTPERFORMANCE VS MARKET - Acceleration on our two historical markets

First Half 2023 Production Volumes per

Market *

First Half 2023 Sales outperformance vs

Market

Japan YoY 17.7％

Thousand units

2023 vs 2022

Sales Excl. tooling

and R&D, Forex

Variances

	Sales out
Market Production	performance vs
volume increase	Market production
	volume

ASEAN YoY 7.3％

China YoY 9.3％

Ichikoh Group	21.1%	10.8%	10.3 pt
	Sales Excl. tooling		Sales out
2023 vs 2022	Market Production	performance vs
and R&D, Forex	volume increase	Market production
	Variances
		volume
Japan	19.2%	17.7%	1.5 pt
ASEAN	35.3%	7.3%	28.0 pt
China	▲5.4%	9.3%	▲14.7 pt

ASEAN: Malaysia, Indonesia, Thailand

Sales outperforming the market by +10.3pts

in First Half 2023 with strong

outperformance in Asean (+28pts) and better Japan(+1.5pt) doing more than offsetting China (-14.7pts)

ICHIKOH RESERVED	*Production volumes from Marklines	September 2023 | 4

FY2023 FIRST HALF RESULT (YEAR-ON-YEAR) - Growth & Profit Recovery

• Significant year-on-year increase in sales and profits
• Steady progress of inflation pass-through in Japan doing more than offsetting the the slower improvement and one-offevents of non quality costs related to the launch of new projects in the fast growing ASEAN region

									Hundreds million yen
	FY2022	）	FY2023		）	Increase/Decrease	Increase
	～		～		（vs. previous year)	/Decrease %
(Jan.		Jun. 2022		(Jan. Jun. 2023
Sales		629		758			①	128	20.4%
Operating Income		11		38			②	27	236.9%
Operating Margin (%)	1.8%		5.0%			②/①	20.7%	3.2 pt
Ordinary Income		16		38				22	134.4%
Net Income belonging to Parent		13		25				13	99.1%
company's shareholders
Sales					Operating Income	5.0％

1.8％

ICHIKOH RESERVED

September 2023 | 5