Slide 1: Financial Results for FY2015
Financial Results for FY2015 February 12, 2016 This document is a translation of the official Japanese version provided for information purpose only.
Slide 2: Overview of Results for FY2015
Overview of Results for FY2015 Scope of consolidation Number of consolidated subsidiaries: 19 (decrease of two from FY2014: Absorption-type merger of Mikuni Plastics with Aronkasei in April 2015. Liquidation of TOA Engineering completed in July 2015) Number of equity-method affiliates: 2 (no change
Slide 3: Consolidated Results (by Segment)
Consolidated Results (by Segment) Net sales (by consolidated segment) (Millions of yen) Change in net sales FY2014 FY2015 Volume Unit price Change Commodity Chemicals 44,305 42,458 -1,894 48 -1,846 Acrylic Products 58,787 52,039 -991 -5,757 -6,748 Specialty Chemicals 16,833 17,514 412 268 680 Plasti
Slide 4: Other Income/Expenses and Extraordinary Income/Loss (Consolidated)
Other Income/Expenses and Extraordinary Income/Loss (Consolidated) [Other income/expenses] [Extraordinary income/loss] (Millions of yen) (Millions of yen) FY2014 FY2015 Change FY2014 FY2015 Change Interest and dividend Subsidy income 506 116 -389 income 509 708 198 Gain on sales of non- Equity in ea
Slide 5: Consolidated Balance Sheet
Consolidated Balance Sheet (Millions of yen) Dec. 31, Dec. 31, Change [Balance Sheet] 2014 2015 Cash and deposits 16,117 15,969 -148 ① Part of internal reserve is held as Notes and accounts securities. receivable 42,403 38,699 -3,703 Securities ① 25,500 41,000 15,500 ② Retained earnings increased by
Slide 6: Overview of Consolidated Subsidiaries (FY2015)
Overview of Consolidated Subsidiaries (FY2015) (Millions of yen) Ownership Net sales Operating income (loss) Net income (loss) Company name Segment (%) FY2014 FY2015 FY2014 FY2015 FY2014 FY2015 Commodity 1 Toa Techno-Gas Chemicals 100 4,401 4,521 388 442 258 296 2 (Oita Chemical) Acrylic Products 91
Slide 7: Consolidated Results Forecast for FY2016
Consolidated Results Forecast for FY2016 (Millions of yen) FY2016 1H FY2016 2H FY2016 forecast Change FY2015 (A) (forecast) (forecast) (B) (B-A) Net sales 139,848 69,000 71,000 140,000 151 Operating income 12,347 6,400 6,600 13,000 652 Operating income 8.8% 9.3% 9.3% 9.3% 5.3% ratio Other 853 500 50
Slide 8: Consolidated Results Forecast for FY2016 (by Segment)
Consolidated Results Forecast for FY2016 (by Segment) Net sales (Millions of yen) FY2015 FY2016 Change Factors for change results forecast Commodity [Decrease] Caustic soda 42,458 42,300 -158 [Increase] Liquefied hydrogen chloride Chemicals Acrylic 52,039 50,700 -1,339 [Decrease] UV-curable resins,
Slide 9: Historical Consolidated Results
Historical Consolidated Results (Millions of yen) (Yen) 30,000 80 73.6 72.9 68.4 70 25,000 63.9 60 50.9 20,000 50 14,583(9.8%) 14,501(9.6%) 15,000 40 12,347(8.8%) 13,000(9.3%) 12,015(8.1%) 9,699 9,605 9,000 30 10,000 8,414 6,696 20 5,000 10 0 0 FY2012 FY2013 FY2014 FY2015 FY2016 (forecast) Operating
Slide 10: Reference for Consolidated Performance
Reference for Consolidated Performance (Billions of yen) FY2016 FY2012 FY2013 FY2014 FY2015 forecast Depreciation and amortization 8.8 7.6 8.6 8.8 8.2 Capital investment 12.8 7.4 7.8 5.8 8.0 Research and development expenses 4.4 3.8 3.9 3.7 3.9 Overseas sales 22.6 23.8 24.8 23.1 22.9 Interest-bearin
Slide 11: Historical Reference for Consolidated Performance
Historical Reference for Consolidated Performance (Millions of yen) (Millions of yen) 200,000 50,000 76.0% 76.7% 75.9% 74.4% 72.8% 164,013 158,173 160,000 152,711 40,000 143,722 132,074 120,000 30,000 80,000 20,000 12,220 13,099 13,234 12,693 12,307 40,000 10,000 0 0 FY2012 FY2013 FY2014 FY2015 FY20
Slide 12: Overview of Consolidated Subsidiaries (FY2016 Forecast)
Overview of Consolidated Subsidiaries Reference (FY2016 Forecast) (Millions of yen) Net sales Operating income (loss) Net income (loss) Ownership Company name Segment (%) FY2016 FY2016 FY2016 FY2015 FY2015 FY2015 forecast forecast forecast Commodity 1 Toa Techno-Gas Chemicals 100 4,521 4,300 442 452
Slide 13: Management Policy —Promoting reform throughout divisions
Management Policy —Promoting reform throughout divisions Business ●Bulky chemicals: Enhance earning power, maintain the divisions appropriate business scale ●Functional chemicals: Expand business by cultivating new markets and developing new products [Acrylic Products Business] ◆Acrylic Products Ove
Slide 14: Management Policy —Promoting reform throughout divisions
Management Policy —Promoting reform throughout divisions R&D divisions ●Seamless new products Systematic collaboration from creation development through to commercialization Joint development with customers and external organizations (Millions of yen) Consolidated Operating Income FY2012 FY2013 FY20
Slide 15: Business Trend (1)
Business Trend (1) Commodity Chemicals [1] Strengthen competitiveness of the electrolysis business • Strengthening integrated operation of three electrolysis plants through standardization of production methods. As part of this effort, rationalization started at Yokohama Plant ahead of other plants.
Slide 16: Business Trend (2)
Business Trend (2) Specialty Chemicals [1] Development of new adhesive products • Regarding functional adhesives for which business has been robust, continuing tailor-made development for customers in cutting-edge fields. • Under the Krazy Glue® brand of instant glues for the U.S. market, launched t
Slide 17: Reinforcement of Corporate Governance Structure
Reinforcement of Corporate Governance Structure [1] Establishment of “Toagosei Group Basic Policy on Corporate Governance” [2] Transition to company with audit & supervisory committee To further strengthen supervisory function by the board of directors and to accelerate decision-making by separating