Toyobo Co., Ltd. · TSE:3101

Toyobo — Q1 FY3/25 Earnings Presentation

21 slides from Toyobo's earnings presentation, Aug 8, 2024

  1. Slide 1: Presentation to Investors for the First Quarter Ended June 30, 2024

    August 8, 2024 Presentation to Investors for the First Quarter Ended June 30, 2024 TOYOBO CO., LTD.

  2. Slide 2: Highlights

    Highlights Q1 FY 3/25 Results Sales increased because polarizer protective films for LCDs and VOC recovery equipment used in the manufacturing process for LIBS* continued to perform strongly. Operating profit was ¥3.1 billion and net profit was ¥0.8 billion. *lithium-ion battery separators Profit at

  3. Slide 3: (Reference) Operating Profit by Quarter

    (Reference) Operating Profit by Quarter (¥ bn.) 10.0 8.0 6.0 4.0 2.0 0.0 -2.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY 3/21 FY 3/22 FY 3/23 FY 3/24 FY 3/25 3

  4. Slide 4: Summary of Results: P&L

    Summary of Results: P&L (¥ bn.) FY 3/24 FY 3/25 YOY Q1 Q1 Amount % Net sales 97.1 105.2 +8.1 +8.4% Gross profit 19.1 23.1 +4.0 +21.1% (Ratio to sales) 19.6% 22.0% - - Operating profit - 0.1 3.1 +3.2 - (Ratio to sales) - 2.9% - - Ordinary profit - 0.3 2.0 +2.3 - Extraordinary income and losses - 0.5

  5. Slide 5: Analysis in Changes in Operating Profit

    Analysis in Changes in Operating Profit 5.0 Volume Others 4.0 +1.6 - 0.8 3.0 Prices +2.0 (¥ bn.) 2.0 Raw material 3.1 and fuel costs Depreciation R&D expenses ( +3.2 ) 1.0 New company cost (+) +0.4 - 0.1 0.0 Resin and chemical Resin and chemical Films Films Textiles - 1.0 Q1 FY 3/24 Q1 FY 3/25 FY 3/

  6. Slide 6: Summary of Results: BS

    Summary of Results: BS (B) (A) (¥ bn.) Mar. 31, 2023 Mar. 31, 2024 Jun. 30, 2024 (A) - (B) Total assets 588.9 607.0 611.5 +4.6 Cash and deposits 60.7 33.8 31.8 - 2.0 Inventories 121.9 122.0 121.0 - 0.9 Property, plant and equipment 240.2 281.5 290.4 +9.0 Net assets 221.4 230.1 230.8 +0.7 Shareholder

  7. Slide 7: Summary of Results: Segment

    Summary of Results: Segment (¥ bn.) Net sales Operating profit FY 3/24 FY 3/25 FY 3/24 FY 3/25 YOY Q1 Q1 Q1 Q1 Films 39.0 42.1 1.2 1.5 +0.3 Life Science 8.1 8.1 1.4 0.4 - 1.0 Environmental and Functional Materials 25.0 28.1 - 0.7 1.3 +1.9 Functional Textiles and Trading 22.2 24.0 - 0.7 0.2 +0.9 Real

  8. Slide 8: Films

    Films FY 3/24 FY 3/25 YOY (¥ bn.) Q1 Q1 Amount % Net sales 39.0 42.1 +3.1 +8.0% Operating profit 1.2 1.5 +0.3 +21.2% (OPM) 3.2% 3.6% - - Shipping results in the domestic market for OPP film for food packaging (YOY %) Packaging film 20.0% 10.0% - Adjustments of inventories on the market came to an en

  9. Slide 9: Life Science

    Life Science FY 3/24 FY 3/25 YOY (¥ bn.) Q1 Q1 Amount % Net sales 8.1 8.1 - 0.1 -0.8% Operating profit 1.4 0.4 - 1.0 -72.2% (OPM) 16.6% 4.6% - - Biotechnology - Enzymes for diagnostic reagents remained steady, particularly for sales to the United States and Europe, but expenses associated with the e

  10. Slide 10: Environmental and Functional Materials

    Environmental and Functional Materials FY 3/24 FY 3/25 YOY (¥ bn.) Q1 Q1 Amount % Net sales 25.0 28.1 +3.1 +12.3% Operating profit - 0.7 1.3 +1.9 - (OPM) - 4.5% - - Resin and chemical - Sales of engineering plastics increased for automotive use for the North America. Regained ISO 9001 Certification

  11. Slide 11: Functional Textiles and Trading

    Functional Textiles and Trading FY 3/24 FY 3/25 YOY (¥ bn.) Q1 Q1 Amount % Net sales 22.2 24.0 +1.9 +8.5% Operating profit - 0.7 0.2 +0.9 - (OPM) - 0.8% - - Textiles - Sales of traditional Arabic fabric grew due to steady demand. - Profitability improved as a result of reforms of business structure

  12. Slide 12: Forecasts for Business Environment in the FY 3/25

    Forecasts for Business Environment in the FY 3/25 Forecasts Segment Business Initial Forecast (May 2024) Situation* Difference from Initial Forecast Inventory adjustment finishes and the market moves Inventory adjustment finishes and the market moves Packaging toward a gradual recovery. toward a gra

  13. Slide 13: Forecasts for FY 3/25

    Forecasts for FY 3/25 We forecast operating profit of ¥17.0 billion and net profit of ¥2.6 billion, based on demand recovery for packaging film and electronic materials in addition to advancing measures for businesses requiring improvement and progress of product price revisions. FY 3/24 FY 3/25 YOY

  14. Slide 14: Analysis in Changes in Operating Profit

    Analysis in Changes in Operating Profit Volume Others 20.0 +5.5 - 2.0 16.0 Prices +4.6 Raw material (¥ bn.) 12.0 and fuel costs Depreciation - 0.1 R&D expenses 17.0 8.0 Resin and chemical Cost to launch new equipment ( +8.0 ) Films Films Biotechnology Cost reduction 9.0 Resin and chemical Medical me

  15. Slide 15: Forecasts by Segment

    Forecasts by Segment (¥ bn.) Net sales Operatinig profit Previous FY 3/24 FY 3/25 FY 3/24 FY 3/25 forecasts YOY Results Forecasts Results Forecasts (May 2024) Films 156.5 170.0 2.7 7.3 +4.6 7.3 Life Science 34.6 38.0 4.4 3.7 - 0.7 3.7 Envrionmental and Functional Materials 115.3 120.0 4.7 8.0 +3.3 8

  16. Slide 16: Appendix

    TOYOBO Appendix

  17. Slide 17: Business Performance

    Business Performance (¥ bn.) FY 3/24 FY 3/25 Net sales Q1 Q2 Q3 Q4 Full year Q1 Films 39.0 39.1 39.3 39.1 156.5 42.1 Life Science 8.1 8.4 8.7 9.3 34.6 8.1 Environmental and Functional Materials 25.0 27.6 33.6 29.2 115.3 28.1 Functional Textiles and Trading 22.2 23.5 23.2 26.8 95.7 24.0 Real Estate a

  18. Slide 18: Product Price Revisions for Rising Raw Material and Fuel Prices

    Product Price Revisions for Rising Raw Material and Fuel Prices Naphtha price (thousand ¥/kl) 100 in Japan 75 50 25 0 3/16 3/17 3/18 3/19 3/20 3/21 3/22 3/23 3/24 3/25 (FY) Coal prices (Australian thermal coal ($/t) market prices) 500 400 300 200 100 0 3/16 3/17 3/18 3/19 3/20 3/21 3/22 3/23 3/24 3/

  19. Slide 19: Topics

    Topics Selected as constituent of all six ESG indices adopted by GPIF again - FTSE Blossom Japan Index - FTSE Blossom Japan Sector Relative Index - MSCI Nihonkabu ESG Select Leaders Index - MSCI Japan Empowering Women (WIN) Select Index - S&P/JPX Carbon Efficient Index - Morningstar Japan ex-REIT Ge

  20. Slide 20: 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

  21. Slide 21: ©️ TOYOBO CO., LTD. All rights reserved.

    ©️ TOYOBO CO., LTD. All rights reserved.

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