Pacific Industrial Co., Ltd. Announces Earnings Results for the Nine Months of 2020
February 03, 2021 at 03:00 am EST
Share
Pacific Industrial Co., Ltd. announced earnings results for the nine months of 2020. For the period, the company reported cumulative sales fell 12 points year over year to JPY 108 billion. Operating income declined by 27 points to JPY 49.6 billion, greatly reducing the decline forecast in both sales and profits. Both consolidated net sales and operating income decreased due to a decrease in sales volume caused by the impact of the virus.
PACIFIC INDUSTRIAL CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of press and resin products, and valve products. The Company operates through two business segments. The Press and Resin Product segment is mainly engaged in the manufacture and sale of wheel caps, engine covers, hood trunk hinges, oil pans and other press and resin products for automobile, as well as press molds, resin molds and other mold products. The Valve Product segment is mainly engaged in the manufacture and sale of tire valves, valve core products, air conditioning valves and other valve products, microcomputer control equipment and other electronic machine products, compressor related products, as well as tire pressure monitoring system (TPMS) products. The Other segment is mainly engaged in the processing of information by computer, the development and sale of software, and the provision of insurance agency service.
PACIFIC INDUSTRIAL CO., LTD. 
