Toyota Tsusho Corp. · TSE:8015
Toyota Tsusho — Toyota Tsusho Corp Ord — Q2 2025 Earnings Presentation
26 slides from Toyota Tsusho's earnings presentation, Oct 31, 2025
Slide 1: Outline of Consolidated Results for Second Quarter of FY2025
Outline of Consolidated Results for Second Quarter of FY2025 and Revision of Financial Forecast for FY2025 October 31, 2025 Toyota Tsusho Corporation １
Slide 2: Summary of results for FY2025 1-2Q
Summary of results for (Reference) FY2024 1-2Q FY2025 1-2Q Foreign USD 153 yen 146 yen FY2025 1-2Q exchange rate EUR 166 yen 168 yen 【Summary of results for FY2025 1-2Q】 ・Profit totaled 186.9 billion yen, marking a record high for a second quarter cumulative total . ・Compared to the previous fiscal
Slide 3: Outline of Consolidated Results
(Reference) FY2024 1-2Q FY2025 1-2Q Outline of Consolidated Results Foreign exchange rate USD 153 yen 146 yen EUR 166 yen 168 yen （Unit: Billion yen） YoY FY2024 FY2025 Incl. Variance 1-2Q 1-2Q FX Impact （ratio） +348.4 Revenue 5,065.9 5,414.3 (+7%) (74.0) ＋43.4 Gross profit 542.5 585.9 (+8%) (4.9) SG
Slide 4: Profit Analysis (whole company)
(Reference) FY2024 1-2Q FY2025 1-2Q Profit Analysis (whole company) Foreign exchange rate USD 153 yen 146 yen EUR 166 yen 168 yen （Unit: Billion yen） 【Operating profit】 (7.2) +13.1 FY2025 1-2Q FY2024 1-2Q Circular Economy (1.0) Demand Metal＋(Plus) (0.2) /Trading Others Lifestyle (0.2) Volume Automob
Slide 5: Profit Analysis (whole company) - Others
(Reference) FY2024 1-2Q FY2025 1-2Q Profit Analysis (whole company) Foreign exchange rate USD 153 yen 146 yen EUR 166 yen 168 yen （Unit: Billion yen） 【Others】 FY2024 FY2025 Variance Main Factor 1-2Q 1-2Q Finance income 8.2 5.6 (2.6) Increased interest paid due to increased interest-bearing debt, etc
Slide 6: One-off Gains and Losses (Profit)
One-off Gains and Losses (Profit) （Unit：Billion yen） FY2024 1-2Q FY2025 1-2Q Metal＋ (Plus) - - - - ・(2Q) Expenses related to recycle business in Circular North America –4.0 Economy - (2.5) ・(1Q) Gain on related to chemical business in Japan +1.5 Supply Chain - - - - Mobility - - - - ・(2Q) Impairment
Slide 7: Profit Analysis (Division)
Profit Analysis（Division） （Unit: Billion yen） FY2024 FY2025 Variance 1-2Q 1-2Q Main Factor (Ratio) Metal＋(Plus) 23.4 21.4 (2.0) Decreased profit due to decline in steel prices, despite an increase in trading volume of automobile production-related products mainly in (-8%) North America (6.8) Circula
Slide 8: Consolidated Financial Position
(Reference) Mar.31, 2025 Sep.30, 2025 Consolidated Financial Position Foreign exchange rate USD 150 yen 149 yen EUR 162 yen 174 yen （Unit: Billion Yen） Mar. 31, Sep. 30, Incl. Variance 2025 2025 FX Impact Total Assets 7,057.4 7,695.2 ＋637.8 ＋99.7 （Inventory） 1,198.1 1,404.4 +206.3 ＋32.6 Net Worth 2,
Slide 9: Cash Flow
Cash Flow （Unit: Billion Yen） FY2024 FY2025 Variance 1-2Q 1-2Q Operating 160.6 140.4 (20.2) C/F Investing (63.6) (236.5) (172.9) C/F （※） Dividend (54.5) (58.0) (3.5) Payment FCF After dividend 42.5 (154.1) (196.6) Payment ※ ( ) represents increases in investment 9
Slide 10: Cash Flows from Investing Activities
Cash Flows from Investing Activities (1-2Q Results) （Unit: Billion yen） FY2025 1-2Q Major Investment Total Investment Amount (256.0) ・Renewable energy-related Nature Others 19.5 (34.5) (Wind power generation in Value Japan and Egypt, etc.) Investing C/F (236.5) Renewable Energy Nature Value energy b
Slide 11: Metal＋(Plus) Division (1-2Q Results)
Metal＋(Plus) Division (1-2Q Results) Decreased profit due to decline in steel prices, despite an increase in trading volume of automobile production-related products mainly in North America （Unit: Billion yen） Main Factor of Operating Profit Variance FY2024 1-2Q FY2025 1-2Q Forex Impact (0.8) Market
Slide 12: Circular Economy Division (1-2Q Results)
Circular Economy Division (1-2Q Results) Decreased profit due to one-off factors, despite an increase in trading volume of automobile production-related products （Unit: Billion yen） Main Factor of Operating Profit Variance FY2024 1-2Q FY2025 1-2Q Forex Impact (0.6) Markets/Prices (4.9) 30.5 Recyclin
Slide 13: Supply Chain Division (1-2Q Results)
Supply Chain Division (1-2Q Results) Increased profit due to increased trading volume of automobile production-related products mainly in Asia/Oceania （Unit: Billion yen） Main Factor of Operating Profit Variance FY2024 1-2Q FY2025 1-2Q Forex Impact (0.9) 31.7 (5.1) Demand/ Asia/Oceania +1.3 (7.5) 31
Slide 14: Mobility Division (1-2Q Results)
Mobility Division (1-2Q Results) Increased profit due to higher automobile sales volume mainly in Asia/Oceania （Unit: Billion yen） Main Factor of Operating Profit Variance FY2024 1-2Q FY2025 1-2Q Forex Impact (1.1) 39.6 (9.2) Demand/Trading Volume (8.2) 37.2 <Exports/Sales>Asia/Oceania +8.5 30.4 <Ex
Slide 15: Green Infrastructure Division (1-2Q Results)
Green Infrastructure Division (1-2Q Results) Increased profit due to higher transaction volume in machinery-related businesses and one- off gains, despite a decrease in power generation volume in Europe （Unit: Billion yen） Main Factor of Operating Profit Variance FY2024 1-2Q FY2025 1-2Q 22.6 (7.2) F
Slide 16: Digital Solutions Division (1-2Q Results)
Digital Solutions Division (1-2Q Results) Increased profit due to growth in projects in system-related businesses （Unit: Billion yen） Main Factor of Operating Profit Variance FY2024 1-2Q FY2025 1-2Q Forex Impact (0.2) 29.2(13.2) (13.5) 28.8 Demand/Trading Volume System related +2.3 16.0 15.3 +0.4 Bu
Slide 17: Lifestyle Division (1-2Q Results)
Lifestyle Division (1-2Q Results) Increased profit due to a market upturn in the food business in South America and an increase in the transaction volume in the insurance business （Unit: Billion yen） Main Factor of Operating Profit Variance FY2024 1-2Q FY2025 1-2Q Forex Impact (0.2) 14.2 (4.0) Marke
Slide 18: Africa Division (1-2Q Results)
Africa Division (1-2Q Results) Increased profit due to higher automobile sales volume, mainly in the West Africa region （Unit: Billion yen） Forex Main Impact Factor of Operating Profit Variance +1.0 FY2024 1-2Q FY2025 1-2Q Automotive 77.4(31.1) <Sales> West Africa +5.2 <Sales/Production>South Africa
Slide 19: Revised Earnings Forecast for FY2025
Revised Earnings Forecast for FY2025 （Unit: Billion yen） FY2025 Prerequisites Forecast Announced on Announced April 28, 2025 this time USD/YEN 135 yen 145 yen EUR/YEN 155 yen 170 yen FY2025 Forecast Announced this time Announced on April 28, 2025 Revised Forecast Variance Ratio Gross 1,120.0 1,190.0
Slide 20: Revised Earnings Forecast by Division
Revised Earnings Forecast by Division ※Profit （Unit: Billion yen） FY2025 Forecast Revised Variance Progress 1-2Q Results Announced on Forecast (Ratio) Ratio April 28, 2025 +0.0 Metal＋(Plus) 41.0 41.0 (+0%) 21.4 52％ (7.0) 46.0 39.0 18.8 48% Circular Economy (-15%) +6.0 45.0 51.0 26.6 52% Supply Chain
Slide 21: Profit Analysis: FY2024 Result vs FY2025 Revised Forecast
Revised forecast (Reference) FY2024 for FY2025 FY2024 Result vs FY2025 Revised forecast Foreign USD 153 yen 145 yen exchange rate EUR 164 yen 170 yen We aim to achieve profit levels comparable to the previous year, driven by improvement in automobile sales and continued growth in Africa business （Un
Slide 22: Shareholder Returns
Shareholder Returns Shareholder Returns Policy In the period from FY2025 to FY2027, we aim to target a total payout ratio of 40% or more, including share repurchases, while maintaining a progressive dividend FY2025 Revised Forecast FY2025 Variance Announced on April 28, 2025 Forecast Interim 55 yen
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 FY2024 FY2025 FY2024 FY2025 Region Variance Region 1-2Q 1-2Q Variance 1-2Q 1-2Q Asia & Oceania 28,868 27,224 (1,644) Asia & Oceania 17,479 20,335 +2,856 China , Hong Kong
Slide 25: Financial Summary for the Last Three Years
Financial Summary for the Last Three Years （Unit：Billion yen） 2,900 Revenue Profit Operating C/F 2,800 168.1 209.2 2,700 170.8 142.0 2,600 111.0 105.8 2,500 92.2 79.4 81.2 92.7 93.1 95.8 85.7 96.3 98.3 88.5 2,400 85.0 84.6 60.5 34.6 2,300 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2023 FY2024 FY2025 1Q 2
Slide 26: 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
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