Toagosei Co., Ltd. · TSE:4045
Toagosei — 2Q FY2016 Earnings Presentation
15 slides from Toagosei's earnings presentation, Aug 5, 2016
Slide 1: Financial Results for 2Q FY2016
Financial Results for 2Q FY2016 August 5, 2016 This document is a translation of the official Japanese version provided for information purpose only.
Slide 2: Overview of Results for 2nd Quarter of FY2016
Overview of Results for 2nd Quarter of FY2016 Scope of consolidation Number of consolidated subsidiaries: 19 (no change) Number of equity-method affiliates: 2 (no change) 2015 2Q 2016 2Q Change (Millions of Net sales yen) 70,270 66,871 -3,398 -4.8% (Millions of Operating income yen) 5,887 7,273 1,38
Slide 3: Consolidated Results (by Segment)
Consolidated Results (by Segment) Net sales (by consolidated segment) (Millions of yen) Change in net sales 2015 2Q 2016 2Q Volume Unit price Change Commodity Chemicals 21,275 20,734 -191 -348 -540 Acrylic Products 26,903 24,044 613 -3,471 -2,858 Specialty Chemicals 7,724 7,683 220 -261 -41 Plastics
Slide 4: Other Income/Expenses and Extraordinary Income/Loss (Consolidated)
Other Income/Expenses and Extraordinary Income/Loss (Consolidated) [Other income/expenses] [Extraordinary income/loss] (Millions of yen) (Millions of yen) 2015 2Q 2016 2Q Change 2015 2Q 2016 2Q Change Interest and dividend income 413 507 93 Subsidy income 115 10 -104 Equity in earnings of affiliates
Slide 5: Consolidated Balance Sheet and Cash Flows
Consolidated Balance Sheet (Millions of yen) [Balance Sheet] Dec. 31, Jun. 30, Change 2015 2016 ① Part of internal reserve is held as Cash and deposits 15,969 20,862 4,893 securities. Notes and accounts 38,699 37,805 -893 ②③ Market value of investment receivable securities decreased because of Secur
Slide 6: Overview of Consolidated Subsidiaries
Overview of Consolidated Subsidiaries (Results for 2nd Quarter of FY2016) (Millions of yen) Ownership Net sales Operating income (loss) Net income (loss) Company name Segment (%) 2015 2Q 2016 2Q 2015 2Q 2016 2Q 2015 2Q 2016 2Q Commodity 1 Toa Techno-Gas Chemicals 100 2,164 2,224 165 266 116 187 2 (O
Slide 7: Consolidated Results Forecast for FY2016
Consolidated Results Forecast for FY2016 (Millions of yen) FY2016 1H FY2016 2H FY2016 forecast Change FY2015 (A) (results) (forecast) (B) (B-A) Net sales 139,848 66,871 70,129 137,000 -2,848 Operating income 12,347 7,273 7,727 15,000 2,653 Operating income 8.8% 10.9% 11.0% 10.9% 2.1% ratio Other 853
Slide 8: Consolidated Results Forecast for FY2016 (by Segment)
Consolidated Results Forecast for FY2016 (by Segment) Net sales (Millions of yen) FY2015 FY2016 Change Factors for change results forecast Commodity [Increase] Liquefied hydrogen chloride 42,458 41,900 -558 [Decrease] Caustic soda Chemicals Acrylic [Increase] Acrylic polymers 52,039 49,200 -2,839 [D
Slide 9: Historical Consolidated Results
Historical Consolidated Results (Millions of yen) (Yen) 30,000 80 73.6 72.9 76.0 70 25,000 63.9 50.9 60 20,000 50 14,583(9.8%) 14,501(9.6%) 15,000(10.9%) 15,000 40 12,015(8.1%) 12,347(8.8%) 9,699 9,605 10,000 30 10,000 8,414 6,696 20 5,000 10 0 0 FY2012 FY2013 FY2014 FY2015 FY2016 Operating income (
Slide 10: Reference for Consolidated Performance
Reference for Consolidated Performance (Billions of yen) FY2016 FY2012 FY2013 FY2014 FY2015 (forecast) Depreciation and amortization 8.8 7.6 8.6 8.8 8.2 Capital investment 12.8 7.4 7.8 5.8 8.0 Research and development expenses 4.4 3.8 3.9 3.7 3.7 Overseas sales 22.6 23.8 24.8 23.1 22.5 Interest-bear
Slide 11: Historical Reference for Consolidated Performance
Historical Reference for Consolidated Performance (Millions of yen) (Millions of yen) 200,000 76.8% 50,000 75.9% 76.0% 74.4% 72.8% 164,750 158,173 160,000 152,711 40,000 143,722 132,074 120,000 30,000 80,000 20,000 12,220 13,099 13,234 12,693 12,307 40,000 10,000 0 0 FY2012 FY2013 FY2014 FY2015 FY20
Slide 12: Business Topics: Business Policy
Business Topics [The Company's Business Policy] ◆Highly functional chemicals: Expand business by cultivating new markets and developing new products ◆Commodity chemicals: Enhance earning power through rationalization and optimization and maintain the appropriate business scale <Operating income of h
Slide 13: Business Topics: Acrylic polymer company in Thailand
Business Topics [1] Manufacturing and sales company of acrylic polymer to be established in Thailand ◆To accelerate overseas business development of downstream acrylic products, the Company launched the Acrylic Products Overseas Expansion Project in January 2016 and began considering establishment o
Slide 14: Business Topics: Upgrading of caustic potash electrolysis facility
Business Topics [2] Upgrading of caustic potash electrolysis facility ◆Upgrading of Nagoya Plant’s caustic potash electrolysis facility to a state-of-the-art facility • Start of operation: Fall 2017 • Investment: Approx. 3.0 billion yen [Benefits of facility upgrading] ①Higher efficiency by introduc
Slide 15: Business Topics: Reestablishment of Aronkasei piping equipment production
Business Topics [3] Reestablishment of the production system of Aronkasei's piping equipment business ◆Production of injection molded products to be expanded from two plants (Kanto and Onomichi) to three plants with the addition of Nagoya Plant, equipped with a state-of-the- art facility. PVC pipe p