Toyota Tsusho Corp. · TSE:8015
Toyota Tsusho — Toyota Tsusho Corp Ord — FY2024 Earnings Presentation
30 slides from Toyota Tsusho's earnings presentation, Apr 28, 2025
Slide 1: Outline of Consolidated Results for FY2024, Earning Forecast for FY2025
Outline of Consolidated Results for FY2024 Earning Forecast for FY2025 April 28th, 2025 Toyota Tsusho Corporation １
Slide 2: Summary of results for FY2024
(Reference) Summary of results for FY2024 FY2023 FY2024 Foreign Exchange Rate USD:145yen 153yen +8yen EUR:156yen 164yen +8yen 【Summary of results for FY2024】 ・Profit was 362.5 billion yen, a record high. Increased by +9% compared to FY2023. Achieved 104%. ・Despite the deteriorating market conditions
Slide 3: Outline of Consolidated Results
(Reference) FY2023 FY2024 Outline of Consolidated Results Foreign Exchange Rate USD: 145yen 153yen +8yen EUR: 156yen 164yen +8yen （Unit: Billion yen） YoY FY2023 FY2024 Variance FX Impact Results Results （ratio） Revenue 10,188.9 10,309.5 ＋120.6 +356.7 （＋1%） ＋68.8 Gross profit 1,052.3 1,121.1 （＋7%） +2
Slide 4: Profit Analysis (whole company): Operating Profit Analysis
FY2023 FY2024 Profit Analysis（ （whole company） Foreign Exchange Rate USD: 145yen 153yen +8yen EUR: 156yen 164yen +8yen ） （Unit︓Billion yen） 【Operating Profit Analysis】 FY2023 FY2024 Others Automotive Retails ＋11.5 （134.6） Markets /Prices ＋10.9 Others ＋6.5 ※ Forex Effect ＋11.9 Demand Africa +9.9 /Tra
Slide 5: Profit Analysis: Others
(Reference) FY2023 FY2024 Profit Analysis（ （whole company） Foreign Exchange Rate USD:145yen 153yen +8yen EUR:156yen 164yen +8yen ） （Unit︓Billion yen） 【Others】 FY2023 FY2024 Variance Main Factor Finance ・Impact of increased dividend income income 2.2 23.0 +20.8 ・Gain on sale of U.S. electric power an
Slide 6: One-off Gains and Losses (Profit)
One-off Gains and Losses (Profit) （Unit︓Billion yen） FY2023 FY2024 Metal＋ - (Plus) - - - ・(4Q) Loss from chemical business related affiliated company in Japan -2.5 Circular ・(4Q) Impairment fixed asset of Production of Economy (7.0) Lithium Hydroxide business in Japan -1.5 ・(4Q) Impairment of minera
Slide 7: Profit Analysis (Division)
Profit Analysis（Division） （Unit︓Billion yen） FY2024FY2024 Progress FY2023 FY2024 FY2024 Forecast (Announced in (ratio) Variance Ratio April.26,2024 ) Metal＋(Plus) 36.0 43.4 +7.4 +21% 40.0 109% Circular Economy 50.0 46.9 (3.1) (6%) 51.0 92％ Supply Chain 45.5 49.2 +3.7 +8% 48.0 103％ Mobility 55.9 57.3
Slide 8: Consolidated Financial Position
(Reference) Mar.31,2024 Mar.31,2025 Consolidated Financial Position Foreign Exchange Rate USD: 151yen 150yen (1yen) EUR: 163yen 162yen (1yen) （Unit︓Billion yen） Mar. 31, Mar. 31, Variance FX Impact 2024 2025 Total Assets 7,059.9 7,057.4 (2.5) (20.8) （Inventories） 1,203.6 1,198.1 (5.5) (3.5) Net Wort
Slide 9: Cash Flow
Cash Flow （Unit︓Billion Yen） YoY FY2023 FY2024 Variance (ratio) Operating 542.1 511.8 (30.3) C/F (-6%) Investing （※） （219.5) (123.8) +95.7 C/F (-44%) Gross （※） Investing （327.7) (291.7) +36.0 (-11%) C/F Dividend (81.3) (107.3) (26.0) Payment (+32%) FCF After dividend 241.3 280.7 +39.4 (+16%) Payment
Slide 10: Cash Flows from Investing Activities
Cash Flows from Investing Activities （Unit︓Billion yen） Major investment FY2024 Total Investment (291.7) Amount Nature (89.5) ・Renewable energy related Value Others 167.9 Investing C/F (123.8) ・Further Investment on the Automotive Battery Factory in ※Does not include Elematec acquisition. Impact is
Slide 11: Metal+ (Plus) Division (Full Year Results)
Metal＋(Plus) Division (Full Year Results) Increase due to increase in automobile production-related transactions, mainly in North America (Mexico) （Unit︓Billion yen） Main Factor of Operating Profit Variance FY2024 Forex Impact FY2023 +2.0 68.3 (24.9) Markets/Prices North America +2.1 (22.5) 58.5 Eur
Slide 12: Circular Economy Division (Full Year Results)
Circular Economy Division (Full Year Results) Decrease mainly due to market deterioration in resources (lithium, etc.) and decrease in automobile-related transactions （Unit︓Billion yen） Main Factor of Operating Profit Variance FY2023 FY2024 Forex Impact 59.0(12.1) +2.0 50.0 3.1 Markets/Prices 46.9 L
Slide 13: Supply Chain Division (Full Year Results)
Supply Chain Division (Full Year Results) Increase due to increase in automobile production-related transactions, mainly in North America （Unit︓Billion yen） Main Factor of Operating Profit Variance FY2023 FY2024 66.5 (17.3) Forex Impact (14.6) 60.1 +1.6 49.2 Demand/Trading volume 45.5 Others North A
Slide 14: Mobility Division (Full Year Results)
Mobility Division (Full Year Results) Increase due to increase in export volume despite decrease in overseas automobile sales mainly in Europe （Unit︓Billion yen） Main Factor of Operating Profit Variance FY2023 FY2024 Forex Impact 76.3(19.0) (18.4) 74.3 +2.4 57.3 Demand/Trading volume 55.9 Others +2.
Slide 15: Green Infrastructure Division (Full Year Results)
Green Infrastructure Division (Full Year Results) Increase due to gain on sales of shares of affiliates in electric power generation business in North America, etc. （Unit︓Billion yen） FY2023 FY2024 Main Factor of Operating Profit Variance 41.8 (5.3) Forex Impact +0.3 (13.3) 41.2 36.5 Demand/Trading
Slide 16: Digital Solutions Division (Full Year Results)
Digital Solutions Division (Full Year Results) Increase due to return of one-time loss in the previous fiscal year, despite decrease in automobile-related transactions （Unit︓Billion yen） Main Factor of Operating Profit Variance FY2023 FY2024 Forex Impact +0.5 52.3(21.6) Demand/Trading Volume (16.9)
Slide 17: Lifestyle Division (Full Year Results)
Lifestyle Division (Full Year Results) Increased due to the impact of a one-off gain in the domestic food business, despite the falling market prices in the South American food business. （Unit︓Billion yen） Main Factor of Operating Profit Variance FY2023 FY2024 Forex Impact +0.6 21.8 (6.5) (9.3) 21.1
Slide 18: Africa Division (Full Year Results)
Africa Division (Full Year Results) Improvement in profit margin due to change in model mix in automobile sales （Unit︓Billion yen） Main Factor of Operating Profit Variance FY2023 FY2024 Forex Impact +5.2 Automotive 134.0 (54.5) ＜Sales＞West Africa +6.4 (42.1) 111.2 ＜Sales＞East/South Africa +4.9 79.5
Slide 19: FY2025 Forecast, Target
FY2025 Forecast, Target Foreign Exchange Rate Effect in FY2025 Earnings Forecast FY2024 FY2025 Variance ① Yen appreciation ② Tariff effect Results Precondition USD 153yen 135yen (18yen) EUR 164yen 155yen (9yen) FY2024 FY2025 Variance Variance （Unit︓Billion yen） Results Forecast （ratio） Gross Profit
Slide 20: Earning Forecast by Division for FY2025 (Profit)
Earning Forecast by Division for FY2025 (Profit) （Unit︓Billion yen） Actual FY2024 FY2025 FX Main factor Effect of one Variance Ability effect of gain /loss Results Forecast of Pre. FY Value Metal＋(Plus) 43.4 41.0 (2.4) (3.2) ー +0.8 Increase of production volume Circular Economy 46.9 46.0 (0.9) (2.5)
Slide 21: Shareholder Returns Policy
Shareholder Returns Policy （Reference）Before In the period from FY2023 to FY2025. We will achieve progressive dividend and consolidated dividend payout ratio of 30% or more. In addition, agile payment will be considered in situation of cash flow. 【New Shareholder Returns policy】 After In the period
Slide 22: Shareholder Returns
Shareholder Returns FY2024 FY2025 Results Forecast Variance In the period from FY2025 to FY2027, we aim to target Interim 50yen 55yen +5yen a total payout ratio of 40% or more, End of term 55yen 55yen ー including share repurchases, while maintaining a progressive dividend Full Year 105yen 110yen +5y
Slide 23: Supplementary Materials of Financial Results
Supplementary Materials of Financial Results 23
Slide 24: Car Exports and Retail Sales Volume by Key Region and Country
Car Exports and Retail Sales Volume by Key Region and Country （Unit︓units） Export Volume by Region Retail Sales Volume by Region Region FY2023 FY2024 Variance Region FY2023 FY2024 Variance Asia & Oceania 64,526 58,587 (5,939) Asia & Oceania 36,487 37,574 +1,087 China , Hong Kong & China , Hong Kong
Slide 25: Basic Risk Management Policy
Basic Risk Management Policy （Unit︓Billion yen） Basic risk management policy 1) Keep total risk within risk-bearing capacity Risk Assets (RA) ＜ Risk Buffer (RB*1) 2) Earn returns commensurate with risk RVA*2＞0（ （after-tax ordinary income - RA× ×10%) *1 :RB＝Shareholders' equity＋Other components of ca
Slide 26: Renewable energy generation capacity
Renewable energy generation capacity Wind Solar As of Mar. 31 2025 Our Group's Total Generating Capacity Hydro・Biomass Figures in parentheses indicate generation capacity equivalent to equity Europe:1,197MW North America:487MW （754MW） （404MW） Japan:2,328MW （1,776MW） Africa:263MW （105MW） Central and
Slide 27: Our Power Generation Business / Power Generation Capacity by Source
Our Power Generation Business/ Power Generation Capacity by Source Total Capacity as of Mar. 31, 2025（MW） Capacity equivalent to equity as of Mar. 31, 2024 Capacity Proportion of Total Capacity By type equivalent Capacity equivalent to to equity equity 24% Onshore Wind power 3,529 2,627 74% renewabl
Slide 28: Status of Withdrawal from Fossil Fuel Power Generation Business
Status of Withdrawal from Fossil Fuel Power Generation Business • In FY2024, Completed withdrawal of 6 out of 8 projects, resulting a reduction of total power generation capacity by 2.7 GW • The remaining 2 projects are expected to complete their sales in 1Q of FY2025, with one project already under
Slide 29: Financial Summary
Financial Summary （Unit︓Billion yen） J-GAAP IFRS FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 Net sale/ Revenue (※) 8,170.2 5,797.3 6,491.0 6,762.7 6,694.0 6,309.3 8,028.0 9,848.5 10,188.9 10,309.5 ※ Profit (attributable to (43.7) 107.9 130.2 132.6 135.5 134.6 222.2 284.1 33
Slide 30: Inquiries
Inquiries Toyota Tsusho Corporation Investor Relations Group E-mail ttc_ir@pp.toyota-tsusho.com Tokyo Head Office TEL +81-3-4306-8201 ◆ This presentation contains “forward-looking statements” about the strategies and plans of Toyota Tsusho Corporation and its Group companies that are not historical
Toyota Tsusho Corp Ord — FY2024 Earnings Presentation on 6ix