Toyota Tsusho Corp. · TSE:8015
Toyota Tsusho — Toyota Tsusho Corp Ord — Q4 2021 Earnings Presentation
26 slides from Toyota Tsusho's earnings presentation, Apr 28, 2022
Slide 1: Outline of Consolidated Results for FY2021 and Earning Forecast for FY2022
Outline of Consolidated Results for FY2021 and Earning Forecast for FY2022 April 28, 2022 Toyota Tsusho Corporation 0
Slide 2: Contents
Contents 1. Outline of Consolidated Results for FY2021 P.2 2. Earning Forecast for FY2022 P.9 3. Supplementary Materials of Financial Results P.13 1
Slide 3: 1. Outline of Consolidated Results for FY2021
１. Outline of Consolidated Results for FY2021 2
Slide 4: Outline of Consolidated Results
Outline of Consolidated Results （Unit: Billion yen） <Reference: Foreign Exchange Rate> FY2020 FY2021 Variance FY2020 FY2021 YoY Rate of USD 106円 112円 +6yen EUR 124円 131円 +7yen Results Results Change Change Gross Profit 607.6 759.2 +151.6 +25% Operating Profit 213.0 294.1 +81.1 +38% Profit before 221
Slide 5: Profit Analysis
Profit Analysis (Unit: Billion yen) Automotive ・Metals +25.7 Sales Others ・Food & Consumer -2.1 Demand/ Trading Volume +32.9 -19.9 Markets/ Prices +33.6 -71.9 Forex Effect +23.6 ・Outside Africa +20.0 ・Africa +12.9 Others +7.9 ※ -78.4 ・Chemicals & Electronics +22.8 ・Metals ・Global Parts & Logistics +
Slide 6: Profit (by Division) Compared to 4Q (Reference)
Profit (by Division) Compared to 4Q (Reference) (Unit: Billion yen) YoY Rate of Division FY2020 FY2021 Main Factors Behind Year-on-Year Changes Change Change ・Soaring metal market, Increase in automobile production Metals 22.5 72.9 +50.4 +224% ・Gain on exclusion of equity for resources business in S
Slide 7: One-off Gains and Losses (Profit)
One-off Gains and Losses (Profit) （Unit: Billion yen） FY2020 FY2021 Division Result Main Factor Result Main Factor ・(2Q)Impairment in resources business in South America -5.0 ・(2Q)Gain on exclusion of equity for ・(4Q) ・Loss from liquidation of steel processing resources business in South America, et
Slide 8: Consolidated Financial Position
Consolidated Financial Position （Unit: Billion yen） Mar. 31, 2021 22/3末 Mar.31,2022 Current Current Current Liabilities Current Liabilities Assets 2,148.7 Assets 2,726.2 3,223.0 Non-Current 3,958.3 Non-Current Liabilities Liabilities Non-Current 1,421.2 Non-Current 1,473.9 Assets Net Assets Assets N
Slide 9: Consolidated Cash Flows
Consolidated Cash Flows （Unit: Billion yen） FY2020 FY2021 Cash flows from operating activities 50.1 Cash flows from operating activities 245.0 Profit before income taxes 330.1 Profit before income taxes 221.4 Depreciation and amortization 110.8 Depreciation and amortization 104.3 Income taxes paid -
Slide 10: 2. Earning Forecast for FY2022
２. Earning Forecast for FY2022 9
Slide 11: Full-year Earnings Forecast and Prerequisites for FY2022
Full-year Earnings Forecast and Prerequisites for FY2022 （Unit: Billion yen） FY2021 FY2022 Rate of Results Forecast Change Change Gross Profit 759.2 800.0 +40.8 +5% Operating Profit 294.1 310.0 +15.9 +5% Profit before income taxes 330.1 330.0 (0.1) (0%) Profit (attributable to owners of the parent)
Slide 12: Revision of Earnings Forecast by Division for FY2022
Revision of Earnings Forecast by Division for FY2022 (Unit: Billion yen） Profit (attributable to owners of the parent) FY2021 FY2022 Results Forecast Change Main reasons ・Automobile production volume will increase Metals 72.9 53.0 (19.9) ・Rebound from one-time gains and losses and market conditions
Slide 13: Dividend Forecast FY2022
Dividend Forecast FY2022 Shareholder We will endeavor to maintain a stable dividend and increase dividend per share, Returns Policy with a consolidated dividend payout ratio of 25% or more as a basic policy. FY2021 FY2022 Change FY2020 Results Forecast Interim 70yen 81yen +11yen 50yen End of Term 90
Slide 14: 3. Supplementary Materials of Financial Results
３. Supplementary Materials of Financial Results 13
Slide 15: Metals (Profit)
Metals（Profit） （Unit: Billion yen） Demand/ Trading Volume Others ・North America +7.8 Markets ・Japan /Prices +8.7 +6.9 -3.0 -7.2 ・China +6.8 ・India Others +1.0 +25.7 ※ Forex Effect ・Thailand +4.1 +2.5 ・North America +3.1 ・India +2.1 80.1 -23.7 72.9 Others 46.2 ※ 22.5 Operating Operating Profit +33.9
Slide 16: Global Parts & Logistics Division (Profit)
Global Parts & Logistics Division (Profit) （Unit: Billion yen） Demand/ Trading Others Volume +1.3 +6.7 -7.9 Forex Effect +1.4 Others -4.1 ※ Others ・Thailand +2.1 ※ ・Indonesia +1.3 33.5 ・Europe +0.9 24.1 ・Japan +0.6 25.6 20.0 ・China +0.6 Operating +9.4 Operating Profit Profit Profit Profit FY2020 +5.
Slide 17: Automotive Division (Profit)
Automotive Division (Profit) （Unit: Billion yen） Demand/ Trading Volume Others ・Europe +7.9 -0.3 ・Asia/Oceania +6.6 -8.4 ・Central South America +3.8 +20.0 Others ※ Forex Effect 36.9 -1.7 +0.4 Others 28.5 ※ 15.1 16.8 Operating Operating Profit +20.1 Profit Profit Profit FY2020 +13.4 FY2021 FY20 FY21
Slide 18: Machinery, Energy & Project Division (Profit)
Machinery, Energy & Project Division (Profit) （Unit: Billion yen） Demand/ Trading Forex Effect Volume +0.4 -5.1 Others -20.9 ・Renewable energy -2.1 ・Automotive production related -1.7 -13.5 Others equipment ※ 43.9 ・Impairment of fixed asset of wind -4.5 power business in North America -3.0 Others ・P
Slide 19: Chemicals & Electronics Division (Profit)
Chemicals & Electronics Division (Profit) （Unit: Billion yen） Electronics ・Automotive production related +5.5 ・Chemical related +2.2 +15.1 -15.9 Chemical Forex Effect +7.7 Others ※ +1.1 -7.8 ・In-vehicle electronics related +7.4 58.9 Others ・Built‐in memory related +4.3 ※ ・Mobile phone related +2.5 4
Slide 20: Food & Consumer Services Division (Profit)
Food & Consumer Services Division (Profit) （Unit: Billion yen） Markets Demand/ Trading Forex Effect /Prices Volume Others +0.3 -2.1 +2.0 -0.3 -4.8 ・Overseas grain subsidiary -3.7 ・Grain for feed ingredients +0.3 -7.5 ・Overseas manufacture and +1.2 Others sales of edible oils subsidiary ※ 13.0 ・Overs
Slide 21: Africa Division (Profit)
Africa Division （Profit） （Unit: Billion yen） Automotive Non-Automotive Others +1.5 -1.1 +12.9 Forex Effect -25.3 +1.8 ・Health care +2.1 -20.9 ・Sales East/South Africa +8.5 51.3 Others 36.2 West Africa +4.1 ・Exchange loss on USD ※ Others denominated assets -1.1 ※ 26.0 15.3 Operating Operating Profit
Slide 22: Progress of Investment
Progress of Investment （Unit: Billion yen） Investment through the Third Quarter of FY2021 Main Projects Amount Vehicles for lease(CFAO) Mobility Automobile dealership business in Central America Automotive production-related facilities in North America (73.1) Resources & Wind power generatio
Slide 23: 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 FY2020 FY2021 Change Region FY2020 FY2021 Change Asia & Oceania 43,676 48,002 +4,326 Asia & Oceania 29,581 33,487 +3,906 ※ China & Hong Kong China, Hong Kong & 12,
Slide 24: Basic Risk Management Policy
Basic Risk Management Policy ◆ 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 capital ＋ Reserve for d
Slide 25: Financial Summary
Financial Summary （Unit: Billion yen） J-GAAP IFRS FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 Net sale/ 6,304.3 7,743.2 8,663.4 8,170.2 5,797.3 6,491.0 6,762.7 6,694.0 6,309.3 8,028.0 Revenue (※) Profit (attributable to owners of the 67.4 73.0 67.5 (43.7) 107.9 130.2 132.6
Slide 26: Inquiries: Toyota Tsusho Corporation Investor Relations Group
Inquiries: Toyota Tsusho Corporation Investor Relations Group E-mail ttc_ir@pp.toyota-tsusho.com Tokyo Head Office TEL +81-3-4306-8201 FAX +81-3-4306-8818 ◆ This presentation contains “forward-looking statements” about the strategies and plans of Toyota Tsusho Corporation and its Group companies tha
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