Toyobo Co., Ltd. · TSE:3101
Toyobo — Q1 FY3/20 Earnings Presentation
19 slides from Toyobo's earnings presentation, Aug 5, 2019
Slide 1: Presentation to Investors
August 5, 2019 Presentation to Investors TOYOBO Co., Ltd.
Slide 2: Agenda
Agenda Ⅰ．Results for Q1 FY 3/20 Ⅱ．Forecasts for FY 3/20
Slide 3: Results for Q1 FY 3/20
Ⅰ．Results for Q1 FY 3/20
Slide 4: Highlights
Ⅰ．Results for Q1 FY 3/20 Highlights Q1 FY 3/20 Results Operating Profit of ¥ 5.2 billion (down 2.2%) and profit of ¥ 1.7 billion (down 45.6%) are in line with expectations. Sales of growth drivers “COSMOSHINE SRF” and mold releasing film for MLCC were strong. Airbag yarn and “BREATHAIR” were a
Slide 5: Results for Q1 FY 3/20 PL
Ⅰ．Results for Q1 FY 3/20 Results for Q1 FY 3/20 PL (¥ bn.) FY 3/19 FY 3/20 YOY Q1 Q1 Amount % Net sales 80.8 80.8 + 0.1 + 0.1% Operating profit 5.3 5.2 - 0.1 - 2.2% (Ratio to sales) 6.6% 6.5% - - Ordinary profit 4.8 4.3 - 0.5 - 9.5% Extraordinary imcome 0.2 - - - Extraordinary losses 0.4 1.7 + 1.4 -
Slide 6: Analysis of Changes in Operating Profit
Ⅰ．Results for Q1 FY 3/20 Analysis of Changes in Operating Profit raw material foreign and fuel costs prices volume exchange others - 0.1 60 ±0.0 +0.1 ±0.0 ±0.0 - 0.3 50 Fire accident, 40 Logistics Nylon, Olefin, (¥ bn.) 30 Polyester SRF, Mold releasing film, Textiles 5.3 5.2 20 10 0 Q1 FY 3/19 Q1 FY
Slide 7: Results for Q1 FY 3/20 BS
Ⅰ．Results for Q1 FY 3/20 Results for Q1 FY 3/20 BS (¥ bn.) Mar. 31, June 30, Change 2019 2019 19/3 ⇒ 19/6 Total assets 461.0 468.8 + 7.7 Inventories 76.8 79.4 + 2.6 Non current assets 267.9 268.6 + 0.7 Net assets 181.2 176.6 - 4.6 Shareholder's equity 176.6 171.4 - 5.2 (Retained earnings) 51.9 49.9
Slide 8: Results by Segment
Ⅰ．Results for Q1 FY 3/20 Results by Segment (¥ bn.) Net sales Operating profit (loss) FY 3/19 FY 3/20 FY 3/19 FY 3/20 YOY Q1 Q1 Q1 Q1 (Amount) Films & 38.8 38.1 3.6 3.8 + 0.2 Functional Polymers Industrial Materials 16.1 16.0 1.0 0.5 - 0.4 Healthcare 7.6 9.3 1.0 1.2 + 0.2 Textiles and Trading 14.8 1
Slide 9: Films & Functional Polymers
Ⅰ．Results for Q1 FY 3/20 Films & Functional Polymers Net sales Operating profit Packaging film (%) (¥ bn.) ・Sales for summer seasonal products were sluggish. Industrial film ・Sales of “COSMOSHINE SRF” expanded. 3.8 ・Sales of mold releasing film for 38.8 3.6 38.1 MLCC expanded for automobile (9.3%) (
Slide 10: Industrial Materials
Ⅰ．Results for Q1 FY 3/20 Industrial Materials Airbag fabrics Net sales Operating profit ・The impact of fire brought (¥ bn.) (%) difficulties. Life and industrial materials ・Sales of staple fibers for use in hygiene products remained sluggish due to the decline of demand in the Chinese market. ・“BREA
Slide 11: Healthcare
Ⅰ．Results for Q1 FY 3/20 Healthcare Bio-related products Net sales Operating profit ・Enzymes for diagnostic regents (¥ bn.) (%) achieved growth to overseas market. Pharmaceuticals ・Faced challenges in winning new contracts. 9.3 Functional membranes ・Sales of reverse osmosis 7.6 1.2 membrane elements
Slide 12: Textiles and Trading
Ⅰ．Results for Q1 FY 3/20 Textiles and Trading Net sales Operating profit (%) TOYOBO STC (Textiles) (¥ bn.) ・Sales of thobe cloth in the Middle East and sports apparel were strong. Acrylic fiber 14.8 0.2 ・Although acrylic fiber is 14.5 (1.3%) being shifted to industrial material applications, - 0.2 t
Slide 13: Topics
Ⅰ．Results for Q1 FY 3/20 Topics “COSMOSHINE SRF” ・In Q1, sales increased by approx. 25%. Sales expanded for use in LCD TVs in overseas markets. ・In FY 3/21, Unit 3 is scheduled to start mass production. Expecting approx. 1.5-fold increase in production capacity. ・Aim for 40% share in FY 3/22. ・Emerg
Slide 14: Forecasts for FY 3/20
Ⅱ．Forecasts for FY 3/20 Regarding the forecasts for the full year, no changes have been made in the outlook announced on May 9, 2019.
Slide 15: Forecasts for FY 3/20
Ⅱ．Forecasts for FY 3/20 Forecasts for FY 3/20 (¥ bn.) FY 3/19 FY 3/20 YOY Net sales 336.7 350.0 +13.3 +4.0% Operating profit 21.7 22.0 +0.3 +1.3% (Ratio to sales) 6.5% 6.3% - - Ordinary profit 17.8 18.0 +0.2 +1.2% Extraordinary income - 17.7 7.0 +24.7 - and losses Profit (loss) attributable - 0.6 17
Slide 16: Analysis of Changes in Operating Profit
Ⅱ．Forecasts for FY 3/20 Analysis of Changes in Operating Profit raw material foreign prices volume others and fuel costs exchange +0.3 25.0 ＋1.2 ±0.0 +1.1 ±0.0 - 2.0 20.0 SRF, Mold releasing film, etc. (¥ bn.) 15.0 Nylon, Olefin, Polyester R&D, Prior cost in 10.0 22.0 21.7 film business 5.0 0.0 FY 3
Slide 17: Forecasts by Segment
Ⅱ．Forecasts for FY 3/20 Forecasts by Segment (¥ bn.) Net Sales Operating Profit FY 3/19 FY 3/20 FY 3/19 FY 3/20 YOY result forecasts result forecasts Films & 156.2 162.5 13.7 14.8 +1.1 Functional Polymers Industrial Materials 66.5 71.0 2.6 2.4 - 0.2 Healthcare 34.7 37.0 5.2 5.4 +0.2 Textiles and Tra
Slide 18: Please Note
Please Note The forward-looking statements made in this document, including the aforementioned forecasts, are based on all information available to the management at the time of this document's release. Actual results may differ from the results anticipated in the statements. TOYOBO Co., Ltd. All Ri
Slide 19: All Rights Reserved
Ideas & Chemistry All Rights Reserved