Toyota Boshoku Corp. · TSE:3116
Toyota Boshoku — Q1 FY2022 Earnings Presentation
29 slides from Toyota Boshoku's earnings presentation, Jul 30, 2021
Slide 1: 1st Quarter Financial Results FY2022
TSE 1st Section Securities Code 3116 FY2022 (ending March 2022) 1st Quarter Financial Results Date: July 30, 2021
Slide 2: Financial Results
Financial Results 1. 1st Quarter FY2022 Financial Results 2. FY2022 Financial Forecasts 3. Appendix
Slide 3: 1. 1st Quarter FY2022 Financial Results
Financial Results 1. 1st Quarter FY2022 Financial Results 2. FY2022 Financial Forecasts 3. Appendix
Slide 4: Overview of Consolidated Financial Results
1-1) 1st Quarter FY2022 Financial Results Overview of Consolidated Financial Results (100 million yen) Q1 FY2021 Q1 FY2022 YOY Change Revenue 2,120 100.0% 3,542 100.0% 1,421 67.0% Operating Profit △140 △6.6% 177 5.0% 318 ― Profit before income taxes △151 △7.1% 194 5.5% 346 ― Profit* △182 △8.6% 121 3
Slide 5: Seat Production by Region
1-2) 1st Quarter FY2022 Financial Results Seat Production by Region Total By Region （10,000 Units） （10,000 Units） +70 YOY Change +58.7% Pct Change 1Q 1Q 189 FY21 FY22 +26 +51.5% 119 75 △1 +23 △2.8% +190.9% 50 +13 +10 +131.3% +94.7% 35 38 36 23 20 12 10 10 1Q FY21 The China Asia & Europe& 1Q FY22 Jap
Slide 6: Consolidated Revenue & Operating Profit
1-3) 1st Quarter FY2022 Financial Results Consolidated Revenue & Operating Profit Profit increased due to higher production volume as demand recovered from covid-19 last year besides new product effects despite negative effects of material price increase (100 million yen) Volume & Model Mix Operatin
Slide 7: Japan Revenue & Operating Profit
1-3) 1st Quarter FY2022 Financial Results Japan Revenue & Operating Profit Profit increased due to higher volume as demand recovered from covid-19 last year besides new product effects despite of material price (100 million yen) increase Volume & Model Mix Operating Profit Variance Analysis Labor co
Slide 8: The Americas Revenue & Operating Profit
1-3) 1st Quarter FY2022 Financial Results The Americas Revenue & Operating Profit Profit increased due to higher volume as demand recovered from covid-19 last year and new product effect despite material price and overhead costs increase (100 million yen) Volume & Model Mix Operating Profit Variance
Slide 9: China Revenue & Operating Profit
1-3) 1st Quarter FY2022 Financial Results China Revenue & Operating Profit Profit decreased as volume decreased because end of production of some models and there was production increase last year from recovery in demand (100 million yen) Volume & Model Mix Operating Profit Variance Analysis △11 (1,
Slide 10: Asia & Oceania Revenue & Operating Profit
1-3) 1st Quarter FY2021 Financial Results Asia & Oceania Revenue & Operating Profit Profit increased due to higher volume as demand recovered from last year (100 million yen) Volume & Model Mix Operating Profit Variance Analysis cessation of maintaining employment (1,000 units) amid pandemic last ye
Slide 11: Europe & Africa Revenue & Operating Profit
1-3) 1st Quarter FY2022 Financial Results Europe & Africa Revenue & Operating Profit Profit increased due to higher volume as demand recovered from last year (100 million yen) Volume & Model Mix Operating Profit Variance Analysis +95 195 (1,000 units) Product mix etc.△1 ＜+94.7%＞ 100 Compact +68 143
Slide 12: 2. FY2022 Financial Forecasts
Financial Results 1. 1st Quarter FY2022 Financial Results 2. FY2022 Financial Forecasts 3. Appendix
Slide 13: Overview of Consolidated Financial Forecasts
2-1) FY2022 Financial Forecasts Overview of Consolidated Financial Forecasts （100 million yen） FY22 Forecasts FY21 Actual FY22 Forecasts YOY Change (Initially Announced) Revenue 12,721 100.0% 14,000 100.0% 1,278 10.1% 14,000 100.0% Operating Profit 571 4.5% 720 5.1% 148 26.1% 720 5.1% Profit before
Slide 14: Seat Assembly Production by Region
2-2) FY2022 Financial Forecasts Seat Assembly Production by Region Total By Region （10,000 Units） +101 （10,000 Units） +14.4% 803 YOY Change 702 1Q 1Q Pct Change FY21 FY22 +29 +10.0% +11 318 +25 +7.3% 290 +23.0% +21 +26.6% +15 134 152163 +20.7% 109 100 79 72 87 FY21 FY22 Japan The China Asia & Europe
Slide 15: Consolidated Revenue & Operating Profit Forecast
2-3) FY2022 Financial Forecasts Consolidated Revenue & Operating Profit Highest profit ever as previously announced due to global production increase and new product effect despite negative impact of external environment such as rise in material price Volume & Model Mix Operating Profit Variance Ana
Slide 16: Revenue & Operating Profit by Region: Japan, Americas
2-4) FY2022 Financial Forecasts Revenue & Operating Profit by Region Japan The Americas Higher profit due to increased volume and Higher profit due to volume increase and new product effects despite negative impacts elimination of temporary inefficiency of material price increase and upfront from mo
Slide 17: Revenue & Operating Profit by Region: China, Asia & Oceania
2-4) FY2022 Financial Forecasts Revenue & Operating Profit by Region China Asia & Oceania Lower profit due to change in mix and Higher profit due to production increase increase in overhead costs despite as demand recovered from covid-19 last positive impacts from higher volume and year new product
Slide 18: Revenue & Operating Profit by Region: Europe & Africa
2-4) FY2022 Financial Forecasts Revenue & Operating Profit by Region Europe & Africa Profit is about to be the same level due to higher volume despite negative impacts from increase in material cost and overhead costs Volume & Model Mix (1,000 units) +149 867 ＜+20.7%＞ 718 551 +124 675 Compact (77.9%
Slide 19: 1st/2nd Half by Region
2-5) FY2022 Financial Forecasts 1st/2nd by Region Revenue （100 million yen） 1st Half 2nd Half Full Year Japan 3,700 3,900 7,600 The Americas 1,400 1,400 2,800 China 900 1,100 2,000 Asia & Oceania 700 900 1,600 Europe & Africa 400 500 900 Consolidated Total 6,700 7,300 14,000 Operating Profit （100 mi
Slide 20: Returning to Shareholders
2-6) FY2022 Financial Forecasts Returning to Shareholders We plan to keep long-term sustainable dividends (¥64) and comprehensive evaluation will be made later on based on consolidated financial results Trends in dividend, operating profit, & profit attributable to owners of the parent JGAAP ◀ ▶ IFR
Slide 21: Concluding
2-7) Concluding 1st Quarter FY2022 Financial Results 【1Q Results】 ･Highest profit ever in the first quarters as our ability to earn, like new product effects, has steadily enhanced in addition to higher production volume from recovery in demand despite negative impact of external environment 【Foreca
Slide 22: 3. Appendix
Financial Results 1. 1st Quarter FY2022 Financial Results 2. FY2022 Financial Forecasts 3. Appendix
Slide 23: Quarterly Trends: Consolidated
Appendix1) Quarterly Trends: Consolidated volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue Seat Assembly Production (10,000 Units) 8,000 (100 million yen) 191 195 201 193 190 206 194 220 181 183 183 189 169 JGAAP ◀ ▶ IFRS Revenue 119 3,782 3,484 3,542 4,00
Slide 24: Quarterly Trends: Japan
Appendix2) Quarterly Trends: Japan volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (10,000 Units) (100 million yen) 4,000 90 100 85 84 85 79 79 79 76 79 73 73 75 2,003 2,063 1,904 2,076 1,846 1,856 50 2,070 1,840 1,984 1,813 1,882 1885 2,000 50 1,229 0 0
Slide 25: Quarterly Trends: The Americas
Appendix3) Quarterly Trends: The Americas volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (100 million yen) (10,000 Units) 2,000 50 34 35 32 33 30 31 31 28 27 29 27 27 1,000 25 723 724 727 709 752 718 786 630 664 651 653 624 12 279 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3
Slide 26: Quarterly Trends: China
Appendix4) Quarterly Trends: China volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (10,000 Units) (100 million yen) 2,000 80 38 38 39 40 34 35 36 1,000 31 32 31 40 28 27 437 437 468 19 464 446 482 445 399 362 427 389 411 254 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
Slide 27: Quarterly Trends: Asia & Oceania
Appendix5）Quarterly Trends: Asia & Oceania volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (10,000 Units) (100 million yen) 2,000 40 30 29 28 28 28 28 26 25 24 24 23 19 1,000 481 487 478 466 488 459 10 459 453 389 444 417 342 197 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q
Slide 28: Quarterly Trends: Europe & Africa
Appendix6) Quarterly Trends: Europe & Africa volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (10,000 Units) (100 million yen) 1,000 40 23 24 23 22 21 22 21 22 19 20 20 500 17 20 242 250 271 232 235 10 251 255 232 229 194 222 210 108 0 0 1Q 2Q 3Q 4Q 1Q 2Q
Slide 29: Disclaimer
<Disclaimer> This report contains forecasts and expectations that relate to future plans and strategies in addition to the expected financial results of the Toyota Boshoku Corporation and the Toyota Boshoku group. Within are estimates based on assumptions and opinions that have been formed by the co