Toyota Boshoku Corp. · TSE:3116
Toyota Boshoku — Q1 FY2020 Earnings Presentation
26 slides from Toyota Boshoku's earnings presentation, August 2019
Slide 1: FY2020 1st Quarter Financial Results
FY2020 1st Quarter Financial Results Ended June 30, 2019
Slide 2: Table of Contents
Table of Contents 1. 1st Quarter FY2020 Financial Results 2. FY2020 Financial Forecasts 3. Appendix
Slide 3: Table of Contents
Table of Contents 1. 1st Quarter FY2020 Financial Results 2. FY2020 Financial Forecasts 3. Appendix
Slide 4: Overview of Consolidated Financial Results
1-1) 1st Quarter FY2020 Financial Results Overview of Consolidated Financial Results (IFRS) (IFRS) (100 million yen) Q1 FY2019 Q1 FY2020 YOY Change Revenue 3,509 100.0% 3,518 100.0% 8 0.2% Operating Profit 148 4.2% 147 4.2% -1 -1.0% Profit before income taxes 164 4.7% 145 4.1% -18 -11.2% Profit* 68
Slide 5: FY2019 Operating Profit (JGAAP×IFRS)
1-2) 1st Quarter FY2020 Financial Results FY2019 Operating Profit (JGAAP×IFRS) ■From FY2019, due to optional application of IFRS, FY2019 Operating Profit of JGAAP has be replaced by IFRS based ■Operating Profit difference due to the main differing standards by regions in this first quarter are follo
Slide 6: Unit Production by Region
1-3) 1st Quarter FY2020 Financial Results Unit Production by Region Seat Assembly Production Total By Region （10,000 Units） （10,000 Units） YOY Change ＋20 1Q 1Q Pct Change ＋10.9% FY19 FY20 201 181 ＋12 ＋16.5% ＋3 ＋4 ＋6.0% 85 ＋13.2% ＋0 73 ＋1.6% 56 59 30 34 22 22 1Q FY19 1Q FY20 Japan The Asia & Europe &
Slide 7: Consolidation Revenue & Operating Profit
1-3) 1st Quarter FY2020 Financial Results Consolidation Revenue & Operating Profit Profit is about same level due to Overhead Costs increase and other income / expenses (Plant Reorganization Costs・Insurance Claim Income) in spite of volume increase in Japan and the Americas Volume & Mix Operating Pr
Slide 8: Japan Region Revenue & Operating Profit
1-3) 1st Quarter FY2020 Financial Results Japan Region Revenue & Operating Profit Higher Profit due to volume increase (SUV・MPV) in spite of Changes in Product Prices, Mix Change and other income / expenses (Plant Reorganization Costs) Volume & Mix Operating Profit Variance Analysis +121 854 (1,000
Slide 9: The Americas Region Revenue & Operating Profit
1-3) 1st Quarter FY2020 Financial Results The Americas Region Revenue & Operating Profit Lower Profit due to Model Mix Change and Start-up Costs increase in spite of volume increase (SUV) in North America Volume & Mix Operating Profit Variance Analysis +39 337 ＜+13.2%＞ (1,000 units) Labor Costs -6.1
Slide 10: Asia & Oceania Region Revenue & Operating Profit
1-3) 1st Quarter FY2020 Financial Results Asia & Oceania Region Revenue & Operating Profit Profit is about same level due to Changes in Product Prices and Forex impact in spite of volume increase in China and Model Mix Change Volume & Mix Operating Profit Variance Analysis +34 (1,000 units) (100 mil
Slide 11: Europe & Africa Region Revenue & Operating Profit
1-3) 1st Quarter FY2020 Financial Results Europe & Africa Region Revenue & Operating Profit Lower Profit due to Overhead Costs increase, Wage up, and other income / expenses (Insurance Claim Income) in spite of Mix Change and Forex impact Volume & Mix Operating Profit Variance Analysis +3 216 ＜+1.6%
Slide 12: Table of Contents
Table of Contents 1. 1st Quarter FY2020 Financial Results 2. FY2020 Financial Forecasts 3. Appendix
Slide 13: Overview of Consolidated Financial Forecasts
2-1) FY2020 Financial Forecasts Overview of Consolidated Financial Forecasts (IFRS) (IFRS) (100 million yen) FY2019 FY2020 YOY Change Revenue 14,173 100.0% 13,900 100.0% -273 -1.9% Operating Profit 612 4.3% 530530 3.8% -82 -13.5% Profit before income taxes 614 4.3% 540 3.9% -74 -12.2% Profit* 274 1.
Slide 14: Unit Production by Region (Forecast)
2-2) FY2020 Financial Forecasts Unit Production by Region Seat Assembly Production Total By Region （10,000 Units） （10,000 Units） ＋24 YOY Change ＋3.2% FY19 FY20 Pct Change 775 751 ＋5 ＋1.5% ＋4 ＋1.5% ＋21 316 320 ＋19.1% -5 238 -6.0% 235 133 89 84 111 FY19 FY20 Japan The Asia & Europe & Americas Oceania
Slide 15: Consolidation Revenue & Operating Profit (Forecast)
2-3) FY2020 Financial Forecasts Consolidation Revenue & Operating Profit Lower Profit due to Model Mix Change and Start-up Costs increase in spite of volume increase Volume & Mix Operating Profit Variance Analysis +242 7,507 ＜+3.2%＞ 7,749 (1,000 units) (100 million yen) 2,932 3,076 +144 (39.7%) Comp
Slide 16: Revenue & Operating Profit by Region: Japan, Americas
2-3) FY2020 Financial Forecasts Revenue & Operating Profit by Region Japan The Americas Higher Profit due to volume increase and Lower Profit due to Model Mix Change, impact of APA* in spite of Model Mix Start-up Costs increase, and impact of Change and Overhead Costs increase APA in spite of volume
Slide 17: Revenue & Operating Profit by Region: Asia & Oceania, Europe & Africa
2-3) FY2020 Financial Forecasts Revenue & Operating Profit by Region Asia & Oceania Europe & Africa Higher Profit due to impact of APA in spite Lower Profit due to volume decrease of Model Mix Change and Changes in (Compact) and other income / expenses Product Prices (Insurance Claim Income) Volume
Slide 18: FY2020 Forecasts by Half Year
2-4) FY2020 Financial Forecasts by Half Year Revenue FY2020 Forecasts 1st Half 2nd Half Full Year Japan 3,850 3,550 7,400 The Americas 1,500 1,500 3,000 Asia & Oceania 1,750 1,750 3,500 Europe & Africa 450 450 900 Consolidation 7,100 6,800 13,900 Operating Profit FY2020 Forecasts 1st Half 2nd Half F
Slide 19: Returning to Shareholders
2-5) FY2020 Financial Forecasts Returning to Shareholders ・In FY2020, our annual per-share dividend payout plan is ¥56 as well as in FY2019. ・We keep long-term sustainable dividends comprehensively taking our consolidated financial results into account. Dividend, Operating Profit, & Profit Attributa
Slide 20: Table of Contents
Table of Contents 1. 1st Quarter FY2020 Financial Results 2. FY2020 Financial Forecasts 3. Appendix
Slide 21: Trend in Results for Consolidation
3-1）Trend in Results for Consolidation (IFRS form FY2020) Seat Assembly Production Seat Assembly Production / Revenue Revenue JGAAP ◀ ▶ IFRS (100 million yen) (10,000 Units) 240 191 195 201 192 184 189 183 183 188 186 181 183 175 178 200 5,000 160 3,572 3,325 3,398 3,607 3,665 3,444 3,418 3,605 3,59
Slide 22: Trend in Results for Japan
3-2）Trend in Results for Japan (IFRS form FY2020) Seat Assembly Production / Revenue 4,000 (100 million yen) 100 90 (10,000 Units) 83 82 83 85 82 81 79 74 77 75 76 73 73 1,890 1,800 1,851 1,981 2,086 1,840 1,984 2,003 2,063 1,903 1,947 2,000 1,645 1,713 1,773 50 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q
Slide 23: Trend in Results for the Americas
3-3）Trend in Results for the Americas (IFRS form FY2020) Seat Assembly Production / Revenue 2,000 (100 million yen) (10,000 Units) 50 34 33 31 31 30 29 30 27 29 28 29 28 27 27 1,000 863 730 701 750 702 715 723 724 776 660 691 630 664 651 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2017 FY2
Slide 24: Trend in Results for Asia & Oceania
3-4）Trend in Results for Asia & Oceania (IFRS form FY2020) Seat Assembly Production / Revenue 2,000 (100 million yen) (10,000 Units) 80 61 62 59 57 58 55 56 58 53 53 54 54 55 52 1,000 863 892 851 908 929 892 858 40 815 779 821 828 840 829 840 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY201
Slide 25: Trend in Results for Europe & Africa
3-5）Trend in Results for Europe & Africa (IFRS form FY2020) Seat Assembly Production / Revenue 1,000 (100 million yen) (10,000 Units) 40 23 23 23 23 23 24 22 21 22 19 20 18 16 16 243 282 259 242 250 271 240 224 241 225 229 232 218 201 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2017 FY2018
Slide 26: Disclaimer
Disclaimer This report contains forecasts and expectations that relate to future plans and strategies in addition to the expected financial results of the Toyota Boshoku Corporation and the Toyota Boshoku group. Within are estimates based on assumptions and opinions that have been formed by the comp