Toyobo Co., Ltd. · TSE:3101
Toyobo — Q3 FY3/19 Earnings Presentation
20 slides from Toyobo's earnings presentation, Feb 8, 2019
Slide 1: Presentation to Investors
Presentation to Investors TOYOBO CO., LTD. February 8, 2019
Slide 2: Agenda
Agenda Ⅰ．Results for Q3 of FY 3/19 Ⅱ．Forecasts for FY 3/19
Slide 3: Results for Q3 of FY 3/19
Ⅰ．Results for Q3 of FY 3/19
Slide 4: Q3 FY 3/19 Highlights
Ⅰ．Results for Q3 of FY 3/19 Q3 FY 3/19 Highlights Results Sales of ¥249.9 bn. (up3.4%), operating profit of ¥15.3 bn. (down4.4%). Sales of growth drivers “COSMOSHINE SRF” and mold releasing film for MLCC were strong. Packaging films, engineering plastics, airbag fabrics incurred effects of the
Slide 5: Extraordinary losses due to fire
Ⅰ．Results for Q3 of FY 3/19 Extraordinary losses due to fire The amount of loss due to fire was recorded based on current estimates (¥ bn.) recorded amount Costs related to procurement of 7.1 replacement materials Loss on extinguishment of non-current 1.9 assets and inventories Costs of removing ass
Slide 6: Results for Q3 FY 3/19 PL
Ⅰ．Results for Q3 of FY 3/19 Results for Q3 FY 3/19 PL FY 3/18 FY 3/19 YOY (¥ bn.) Q3 Q3 Amount % (cumulative) (cumulative) Net sales 241.7 249.9 +8.2 +3.4 Operating profit 16.0 15.3 -0.7 -4.4 (Ratio to sales） 6.6% 6.1% - - ■Extraordinary Ordinary profit 13.8 12.7 -1.1 -8.2 losses Extraordinary incom
Slide 7: Analysis of Changes in Operating Profit
Ⅰ．Results for Q3 of FY 3/19 Analysis of Changes in Operating Profit Increase [Q3 FY 3/18→Q3 FY 3/19] in raw Depreciation Up in Volume material of yen prices increase and fuel (sales price) Others costs +1.2 +2.0 ±0 -0.3 18.0 -3.6 16.0 14.0 YOY （¥bn.） 12.0 -0.7 10.0 Nylon, Olefin, Real estate, Polyes
Slide 8: Results for Q3 FY 3/19 BS
Ⅰ．Results for Q3 of FY 3/19 Results for Q3 FY 3/19 BS (A) (B) (¥ bn.) Mar. 31, Mar. 31, Dec. 31, Change 2017 2018 2018 (A)→(B) Total assets 450.2 445.5 453.7 +8.2 Cash and deposits 32.3 26.0 18.4 -7.6 Inventories 72.8 71.3 79.7 +8.4 Net assets 170.9 184.5 181.0 -3.5 Shareholder's equity 167.8 180.6
Slide 9: Results by Segment
Ⅰ．Results for Q3 of FY 3/19 Results by Segment (¥ bn.) Net sales Operating profit FY 3/18 FY 3/19 FY 3/18 FY 3/19 YOY Q3 Q3 Q3 Q3 (Amount) (cumulative) (cumulative) (cumulative) (cumulative) Films & 110.9 118.4 9.9 10.1 +0.3 Functional Polymers Industrial Materials 46.3 49.8 3.1 2.6 -0.5 Healthcare
Slide 10: Films & Functional Polymers
Ⅰ．Results for Q3 of FY 3/19 Films & Functional Polymers Net sales Operating profit ratio to sales(%) ■Sales of “COSMOSHINE SRF” and mold releasing （¥ bn.） film for MLCC were 118.4 9.9 10.1 110.9 (8.9%) (8.6%) strong. 40.7 3.5 ■Sales of packaging films Q3 37.8 3.2 and functional polymers incurred hea
Slide 11: Industrial Materials
Ⅰ．Results for Q3 of FY 3/19 Industrial Materials Net sales Operating profit ratio to sales(%) ■Sales in the life and industrial business grew （¥ bn.） 3.1 primarily for 49.8 (6.6%) 46.3 overseas customers. 2.6 0.8 (5.1%) 17.1 ■Challenges were faced Q3 15.8 0.7 due to the impact of fire and the fluctu
Slide 12: Healthcare
Ⅰ．Results for Q3 of FY 3/19 Healthcare Net sales Operating profit ratio to sales(%) ■Sales expanded in enzymes for diagnostic （¥ bn.） reagents and 25.2 3.3 volatile organic 24.3 (13.0%) 3.1 (12.8%) compound (VOC) 8.9 emissions treatment Q3 8.4 1.5 1.2 equipment related business. ■In the pharmaceutic
Slide 13: Textiles and Trading
Ⅰ．Results for Q3 of FY 3/19 Textiles and Trading Net sales Operating profit ratio to sales(%) ■Sales of thobe cloth to the Middle East （¥ bn.） continued to decrease 48.4 owing to deteriorating 46.4 market conditions. Q3 14.6 14.6 -0.0 -0.4 (-0.1%) (-0.7%) 0.1 -0.1 -0.2 33.8 31.7 H1 -0.2 FY3/18 FY3/1
Slide 14: Growth Drivers
Ⅰ．Results for Q3 of FY 3/19 Growth Drivers ■“COSMOSHINE SRF” ・In Q3 cumulative, sales increased by approx. 75%. Aim for 30% share in FY 3/19. ・Sales expanded for use in LCD TVs in overseas markets. ・Emerging dominance of polyester due to market trending to larger panels, bezel-free displays and comp
Slide 15: Forecasts for FY 3/19
II. Forecasts for FY 3/19
Slide 16: Forecasts for FY 3/19
Ⅱ．Forecasts for FY 3/19 Forecasts for FY 3/19 (¥ bn.) FY 3/18 FY 3/19 YOY Previous forecasts Q3 result forecasts Amount ％ (Nov. 2018) (cumulative) Net sales 331.1 249.9 340.0 +8.9 +2.7 340.0 Operating profit 23.9 15.3 21.0 -2.9 -12.2 23.0 (Ratio to sales) 7.2% 6.1% 6.2% - - 6.8% Ordinary profit 20.4
Slide 17: Analysis of Changes in Operating Profit
Ⅱ．Forecasts for FY 3/19 Analysis of Changes in Operating Profit Increase Depreciation [FY 3/18→FY 3/19] Up in Volume in raw of yen prices increase material (sales price) Others 30.0 and fuel costs +1.2 +1.8 -0.1 -0.9 25.0 -4.9 20.0 （¥ bn.） 15.0 Fire accident, 23.9 Real estate, 21.0 10.0 Nylon, Olefi
Slide 18: Forecasts by Segment
Ⅱ．Forecasts for FY 3/19 Forecasts by Segment (¥ bn.) Net Sales Operating Profit Previous FY 3/18 FY 3/19 FY 3/18 FY 3/19 Change forecasts result forecasts result forecasts ('17→'18) (Nov. 2018) Films & 148.7 154.0 13.7 13.9 +0.2 14.6 Functional Polymers Unchanged Industrial Materials 63.5 67.0 4.3 2
Slide 19: Please Note
Please Note The business performance forecasts and targets included in the business plans contained in this presentation are based on information known to the Company’s management as of the day of presentation. Please be aware that the content of the future forecasts may differ significantly from ac
Slide 20: Ideas & Chemistry
Ideas & Chemistry All Rights Reserved