Toyota Boshoku Corp. · TSE:3116
Toyota Boshoku — Q3 FY2021 Earnings Presentation
28 slides from Toyota Boshoku's earnings presentation, Feb 2, 2021
Slide 1: FY2021 3rd Quarter Financial Results
TSE 1st Section Securities Code 3116 FY2021 (ending March 2021) 3rd Quarter Financial Results Date: February 2, 2021
Slide 2: Financial Results agenda
Financial Results 1. 3rd Quarter FY2021 Financial Results 2. FY2021 Financial Forecasts 3. Appendix
Slide 3: 1. 3rd Quarter FY2021 Financial Results
Financial Results 1. 3rd Quarter FY2021 Financial Results 2. FY2021 Financial Forecasts 3. Appendix
Slide 4: Overview of Consolidated Financial Results
1-1) 3rd Quarter FY2021 Financial Results Overview of Consolidated Financial Results (100 million yen) Q3 FY2020 Q3 FY2021 YOY Change Revenue 10,581 100.0% 9,236 100.0% △1,344 △12.7% Operating Profit 399 3.8% 338 3.7% △60 △15.2% Profit before income taxes 409 3.9% 333 3.6% △76 △18.6% Profit* 175 1.7
Slide 5: Seat Production by Region
1-2) 3rd Quarter FY2021 Financial Results Seat Production by Region Total By Region （10,000 Units） （10,000 Units） △76 △13.1% 3Q 3Q YOY Change FY20 FY21 Pct Change 584 508 △37 △14.8% △8 248 △19 △4.6% 211 △19.7% △13 180 △20.8% 172 94 76 62 49 3Q FY20 3Q FY21 The Asia & Europe& Japan Americas Oceania A
Slide 6: Consolidated Revenue & Operating Profit
1-3) 3rd Quarter FY2021 Financial Results Consolidated Revenue & Operating Profit While profit decreased because of covid-19 impact mainly during 1Q, profit increased excluding its impact because profit securing measures such as increased overhead cost efficiency and cost reduction efforts were impl
Slide 7: Japan Revenue & Operating Profit
1-3) 3rd Quarter FY2021 Financial Results Japan Revenue & Operating Profit Profit increased excluding covid-19 impact because of reduced working hours by work-style review as well as increased efficiency in overhead cost from expense reduction, however profit decreased due to covid-19 impact mainly
Slide 8: The Americas Revenue & Operating Profit
1-3) 3rd Quarter FY2021 Financial Results The Americas Revenue & Operating Profit Profitability steadily recovered excluding covid-19 impact thanks to new product effects and improved overhead costs efficiency Volume & Model Mix Operating Profit Variance (100 million yen) 945 △186 Analysis (YOY) Cov
Slide 9: Asia & Oceania Revenue & Operating Profit
1-3) 3rd Quarter FY2021 Financial Results Asia & Oceania Revenue & Operating Profit Profit increased excluding covid-19 impact due to new product effects in China and improved overhead costs efficiency, however, profit declined due to covid- 19 impacts in ASEAN courtiers Volume & Model Mix Operating
Slide 10: Europe & Africa Revenue & Operating Profit
1-3) 3rd Quarter FY2021 Financial Results Europe & Africa Revenue & Operating Profit Profit increased excluding covid-19 impact because of improved overhead costs efficiency and foreign exchange impact, however profit decreased due to covid-19 impact mainly during 1Q Volume & Model Mix Operating Pro
Slide 11: 2. FY2021 Financial Forecasts
Financial Results 1. 3rd Quarter FY2021 Financial Results 2. FY2021 Financial Forecasts 3. Appendix
Slide 12: Overview of Consolidated Financial Forecasts
2-1) FY2021 Financial Forecasts Overview of Consolidated Financial Forecasts （100 million yen） FY20 Forecasts FY20 Actual FY20 Forecasts YOY Change (2Q Announced) Revenue 13,726 100.0% 12,800 100.0% △926 △6.7% 12,400 100.0% Operating Profit 477 3.5% 470 3.7% △7 △1.6% 360 2.9% Profit before income ta
Slide 13: Preconditions
2-2) FY2021 Financial Forecasts Preconditions Production TOYOTA・Lexus brand 8.3 million units Volume ※8.2 million units at the point of 2Q incorporates foreseeable risks of covid-19 Risk and semiconductor shortage Exchange USD：100.00 yen Rate (Jan.-Mar.) EUR：125.00 yen 9
Slide 14: Seat Assembly Production by Region
2-3) FY2021 Financial Forecasts Seat Assembly Production by Region Total By Region （10,000 Units） （10,000 Units） △47 △6.3% YOY Change 753 FY20 FY21 Pct Change 706 △34 △10.5% ＋8 ＋3.8% 327 △12 293 △9.8% 223 231 △10 △11.8% 122 110 82 72 FY20 FY21 The Asia & Europe& Japan Africa Americas Oceania 10
Slide 15: Consolidated Revenue & Operating Profit Forecast
2-4) FY2021 Financial Forecasts Consolidated Revenue & Operating Profit Profit is about to be the same level as the previous year due to company- wide efforts for streamlining expenses and cost reduction efforts despite covid-19 impact. Volume & Model Mix Operating Profit Variance 7,534 △473 Analysi
Slide 16: Comparison with the Forecast released for 2Q
2-5) FY2021 Financial Forecasts Comparison with the Forecast released for 2Q Revised upward based on recovery in demand in Japan, Asia & Oceania regions, and reflected further profit improvement measures such as cost reduction efforts and increased overhead cost efficiency Volume & Model Mix (1,000
Slide 17: Forecast by Half Year
2-6) FY2021 Financial Forecasts by Half Year Revenue (100 million yen) FY2021 1st Half (Results) 2nd Half Full Year Japan 3,042 4,058 7,100 The Americas 989 1,511 2,500 Asia & Oceania 1,449 1,751 3,200 Europe & Africa 319 481 800 Consolidated Total 5,454 7,346 12,800 Operating Profit (100 million ye
Slide 18: Revenue & Operating Profit by Region: Japan, The Americas
2-7) FY2021 Financial Forecasts Revenue & Operating Profit by Region Japan The Americas Lower profit due to Covid-19 impact, despite Higher profit because of improvement in positive factors such as cost reduction and cost efficiency and temporary elimination of improvement in cost efficiency ineffic
Slide 19: Revenue & Operating Profit by Region: Asia & Oceania, Europe & Africa
2-7) FY2021 Financial Forecasts Revenue & Operating Profit by Region Asia & Oceania Europe & Africa Lower Profit due to Covid-19 impacts in Higher Profit due to a one-time loss in the ASEAN countries despite volume previous year despite negative impacts increase in China from Covid-19 impact Volume
Slide 20: Returning to Shareholders
2-8) FY2021 Financial Forecasts Returning to Shareholders FY-end dividends payout (¥28) is determined based on comprehensive evaluation to consolidated financial results to keep long-term sustainable dividends Trends in dividend, operating profit, & profit attributable to owners of the parent JGAA
Slide 21: Concluding 3rd Quarter FY2021 Financial Results
2-9) Concluding 3rd Quarter FY2021 Financial Results 【3Q Results】 Achieved record operating profits on a quarterly basis because of one-time factors such as increased volume from recovery in production in Japan and Asia in 【 Annual addition to streamlined expenses Forecast】 Further improvement in pr
Slide 22: 3. Appendix
Financial Results 1. 3rd Quarter FY2021 Financial Results 2. FY2021 Financial Forecasts 3. Appendix
Slide 23: Quarterly Trends: Consolidated
3-1) Quarterly Trends: Consolidated volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue Seat Assembly Production JGAAP ◀ ▶ IFRS (10,000 Units) (100 million yen) 8,000 191 195 201 193 190 206 198 220 183 183 188 186 181 183 183 169 Revenue 119 3,665 3,444 3,41
Slide 24: Quarterly Trends: Japan
3-2) Quarterly Trends: Japan volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue 4,000 (100 million yen) 90 (10,000 Units) 100 83 85 84 85 82 81 79 79 79 75 76 73 73 76 1,981 2,086 1,840 1,984 2,003 2,063 1,904 2,076 1,846 1,856 50 2,070 1,988 1,713 1,773 1,8
Slide 25: Quarterly Trends: The Americas
3-3) Quarterly Trends: The Americas volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (10,000 Units) 2,000 (100 million yen) 50 34 34 30 31 32 31 29 29 30 29 28 28 27 27 27 1,000 760 25 750 691 702 715 723 724 727 709 752 630 664 651 653 624 12 279 0 0 1Q 2
Slide 26: Quarterly Trends: Asia & Oceania
3-4）Quarterly Trends: Asia & Oceania volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (10,000 Units) 2,000 (100 million yen) 80 67 61 62 59 62 58 56 59 58 59 54 55 55 52 47 42 892 908 929 892 874 928 938 1,000 828 840 829 851 840 787 814 40 642 661 0 0 1Q
Slide 27: Quarterly Trends: Europe & Africa
3-5）Quarterly Trends: Europe & Africa volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (10,000 Units) 1,000 40 (100 million yen) 23 23 23 23 24 23 22 21 22 21 22 20 19 20 500 17 20 243 282 259 250 271 10 251 225 242 229 232 235 222 210 231 194 108 0 0 1Q 2
Slide 28: 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 co