Toyobo Co., Ltd. · TSE:3101
Toyobo — FY2021 Earnings Presentation
26 slides from Toyobo's earnings presentation, May 12, 2022
Slide 1: Presentation to Investors for Year Ended March 31, 2022
May 12, 2022 Presentation to Investors for Year Ended March 31, 2022 TOYOBO CO., LTD.
Slide 2: Highlights
Highlights FY 3/22 Results - Despite the impact of rising raw material and fuel prices, sales and profit increased as industrial films and reagents for PCR testing performed strongly. - Operating profit of ¥28.4 bn. ( +6.6% ), and profit of ¥12.9 bn. ( 3.1-fold ) Profit attributable to Net sales Ope
Slide 3: Summary of Results: P&L
Summary of Results: P&L Pervious (¥bn.) YOY FY 3/21 FY 3/22 forecasts Amount % (Mar. 2022) Net sales 337.4 375.7 + 38.3 +11.4% 370.0 Operating profit 26.7 28.4 + 1.8 + 6.6% 29.0 (Ratio to sales) 7.9 % 7.6% - - 7.8% Ordinary profit 20.7 23.1 + 2.4 + 11.5% 24.0 Extraordinary income and losses -15.1 -8
Slide 4: Analysis in Changes in Operating Profit
Analysis in Changes in Operating Profit 35.0 Volume Others Raw materials +10.9 ▲2.6 and fuel costs Prices 30.0 ▲11.2 +4.7 25.0 20.0 (¥bn.) 15.0 28.4 - Industrial film 26.7 - PCR-related products ( ＋1.8 ) 10.0 - Depreciation 5.0 - Safety and disaster prevention measure expenses 0.0 FY 3/21 FY 3/22 FY
Slide 5: Summary of Results: BS
Summary of Results: BS (B) (A) (¥bn.) Mar. 31, 2020 Mar. 31, 2021 Mar. 31, 2022 (A) - (B) Total assets 488.9 491.2 517.8 + 26.6 Cash and deposits 25.2 34.7 27.2 - 7.5 Inventories 80.6 76.3 96.0 + 19.7 Property, plant and equipment 231.5 224.6 227.6 + 2.9 Net assets 182.6 188.6 197.1 + 8.5 Shareholde
Slide 6: Summary of Results: Segment
Summary of Results: Segment (¥bn.) Net sales Operating profit Pervious forecasts FY 3/21 FY 3/22 FY 3/21 FY 3/22 YOY (Feb. 2022) Films and Functional Materials 152.8 170.3 20.0 19.9 - 0.1 21.0 Mobility 36.6 44.7 -1.6 -1.8 - 0.2 -1.8 Lifestyle and Environment 109.1 114.3 4.4 3.5 - 0.9 3.7 Life Scienc
Slide 7: Films and Functional Materials
Films and Functional Materials (¥bn.) FY 3/21 FY 3/22 YOY H1 H2 Full year H1 H2 Full year Amount % Net sales 73.8 79.1 152.8 85.9 84.4 170.3 + 17.5 +11.4% Operating profit 8.7 11.3 20.0 12.2 7.7 19.9 - 0.1 - 0.7% (OPM) 11.8% 14.3% 13.1% 14.2% 9.1% 11.7% ‐ ‐ Packaging film - Despite strong demand, sa
Slide 8: Mobility
Mobility (¥bn.) FY 3/21 FY 3/22 YOY H1 H2 Full year H1 H2 Full year Amount % Net sales 15.0 21.6 36.6 21.6 23.2 44.7 + 8.1 +22.3% Operating profit - 1.3 - 0.3 - 1.6 - 0.9 - 0.9 - 1.8 - 0.2 ‐ (OPM) - - - - - - ‐ ‐ Engineering plastics - Overseas, sales were strong in China, the United States and Thai
Slide 9: Lifestyle and Environment
Lifestyle and Environment (¥bn.) FY 3/21 FY 3/22 YOY H1 H2 Full year H1 H2 Full year Amount % Net sales 50.2 59.0 109.1 54.7 59.6 114.3 + 5.1 + 4.7% Operating profit 1.8 2.6 4.4 1.9 1.6 3.5 - 0.9 - 21.1% (OPM) 3.5% 4.4% 4.0% 3.4% 2.7% 3.0% ‐ ‐ Environmental solutions - Sales of VOC emissions treatme
Slide 10: Life Science
Life Science (¥bn.) FY 3/21 FY 3/22 YOY H1 H2 Full year H1 H2 Full year Amount % Net sales 12.4 14.7 27.1 16.3 18.7 35.0 + 7.9 + 29.2% Operating profit 1.6 2.9 4.5 4.6 4.0 8.7 + 4.1 + 91.6% (OPM) 12.9% 19.8% 16.7% 28.2% 21.7% 24.7% ‐ ‐ Biotechnology - Sales of raw materials and reagents for PCR test
Slide 11: Forecasts for FY 3/23
Forecasts for FY 3/23 Despite proceeding price revisions and effect of increased production of films, operating profit is forecasted to be ¥24.0 bn. and profit is forecasted to be ¥13.0 bn. considering rising raw material and fuel prices as well as decreased shipments of reagents for PCR tests. (¥bn
Slide 12: Analysis in Changes in Operating Profit
Analysis in Changes in Operating Profit Raw materials and fuel costs 30.0 ▲14.0 Prices Volume Others +9.6 +1.5 ▲1.5 25.0 20.0 (¥bn.) - Depreciation 15.0 28.4 - Packaging film 24.0 10.0 - Airbag fabrics etc. ( ▲4.4 ) - Industrial film (+) - VOC emissions 5.0 treatment equipment (+) - PCR-related prod
Slide 13: Forecasts by Segment
Forecasts by Segment (¥bn.) Net sales Operating profit FY 3/22 FY 3/23 FY 3/22 FY 3/23 YOY result forecasts result forecasts Films and Functional Materials 170.3 188.0 19.9 19.0 - 0.9 Mobility 44.7 55.0 - 1.8 - 1.6 + 0.2 Lifestyle and Environment 114.3 125.0 3.5 3.0 - 0.5 Life Science 35.0 31.0 8.7
Slide 14: 2018 Medium-Term Management Plan: Plan and Results
2018 Medium-Term Management Plan: Plan and Results FY3/19 - FY3/22 FY 3/19 FY 3/20 FY 3/21 FY 3/22 Targets Net sales (\bn.) 336.7 339.6 337.4 375.7 375.0 Operating profit (\bn.) 21.7 22.8 26.7 28.4 30.0 (Ratio to sales) (%) 6.5 6.7 7.9 7.6 8.0 Profit attributable to owners -0.6 13.8 4.2 12.9 16.0 of
Slide 15: 2025 Medium-Term Management Plan
Basic Policy and Overall Strategy of 2025 Medium-Term Management Plan 2025 Medium-Term Management Plan Measure 3 : Preparations for the future Change to Sustainable Growth Measure 2 : Reorganization of the business portfolio Backcasting Sustainable Vision 2030 Measure 4 : Reestablishment of foundati
Slide 16: Questionnaire Surveys Results over Quality
Questionnaire Surveys Results over Quality（ Released on Mar. 17, 2022） Carried out questionnaire surveys with the aim of confirming whether or not there are significant cases of misconduct concerning quality The investigation was mainly conducted by our Quality Assurance Division, which is independe
Slide 17: Joint venture agreement with Mitsubishi Corporation
Conclusion of the agreement for the establishment of a joint venture firm with Mitsubishi Corporation（ Released on Mar. 24, 2022） Toyobo Co., Ltd. and Mitsubishi Corporation are pleased to announce our agreement to establish a new joint venture company that will specialize in the planning, developme
Slide 18: Toyobo Renews its Corporate Logo
Toyobo Renews its Corporate Logo Exceed and proceed Solve the various issues surrounding people and the earth through TOYOBO’s technology and products. Exist to exceed limits. Continue to take on challenges together for the future. The curved line running through the middle of the logo represents
Slide 19: Notice: Sustainable Vision 2030 and 2025 Medium-Term Management Plan
Notice “Sustainable Vision 2030, 2025 Medium-Term Management Plan (FY 3/23 ~ FY 3/26)” To be announced on May 26, 2022 19
Slide 20: Appendix
TOYOBO Appendix
Slide 21: Business Performance
Business Performance (¥bn.) FY 3/21 FY 3/22 Net sales Q1 Q2 Q3 Q4 Full year Q1 Q2 Q3 Q4 Full year Films and Funcitonal Materials 36.3 37.5 39.2 39.8 152.8 45.7 40.2 41.4 43.0 170.3 Mobility 6.8 8.2 10.5 11.1 36.6 11.1 10.5 10.6 12.6 44.7 Lifestyle and Environment 22.9 27.3 27.1 31.9 109.1 27.7 27.0
Slide 22: Thorough Safety, Disaster Prevention, Quality -1
Thorough Safety, Disaster Prevention, Quality -1 Execution of safety and disaster prevention master plan “Zero Disaster ” ~Roadmap for labor safety & disaster management FY2022 FY 2023 FY2024 FY2025 - FY2026 ● Top management commitment ● Establish on-site dialogue as standard ● Expand to all Group c
Slide 23: Thorough Safety, Disaster Prevention, Quality -2
Thorough Safety, Disaster Prevention, Quality -2 Roadmap for reconstruct the quality assurance management structure FY2022 FY2023 FY2024 FY2025 FY2026 Regain trust Unwavering trust Priority Issues Inspections to guarantee Instill the concept of quality quality, build quality in the assurance across
Slide 24: Topics: ESG
Topics: ESG Selected as a member of “MSCI Japan ESG Select Leaders Index“ Index that selects and organizes companies with excellent ESG evaluations from among the constituents of the MSCI Japan IMI Top 700 Index. Selected as a member of “FTSE Blossom Japan Sector Relative Index” Selected for the
Slide 25: 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 26: © TOYOBO CO., LTD. All rights reserved.
© TOYOBO CO., LTD. All rights reserved.