Toyobo Co., Ltd. · TSE:3101
Toyobo — Q3 FY3/23 Earnings Presentation
19 slides from Toyobo's earnings presentation, Feb 8, 2023
Slide 1: Presentation to Investors for the Third Quarter Ended December 31, 2022
February 8, 2023 Presentation to Investors for the Third Quarter Ended December 31, 2022 TOYOBO CO., LTD.
Slide 2: Highlights
Highlights Q3 FY 3/23 Results Sales increased while operating profit decreased due to a deterioration in the market for industrial film in addition to significant impact from rising raw material and fuel prices, although product price revisions proceeded. Profit of ¥9.8 bn. with extraordinary income
Slide 3: Summary of Results: P&L
Summary of Results: P&L (¥bn.) Q3 FY 3/22 Q3 FY 3/23 YOY (cumulative) (cumulative) Amount % Net sales 274.5 298.7 + 24.2 + 8.8% Operating profit 22.9 9.6 - 13.3 - 58.2% (Ratio to sales) 8.3% 3.2% - - Ordinary profit 18.2 6.9 - 11.3 - 61.8% Extraordinary income and losses - 3.2 7.3 - - Profit attribu
Slide 4: Analysis in Changes in Operating Profit
Analysis in Changes in Operating Profit Raw material and fuel costs 25.0 - 14.5 Prices Volume 20.0 +10.3 - 3.4 Others - 5.7 15.0 (¥bn.) 22.9 10.0 - Packaging film - R&D and testing expenses 5.0 etc. - Cost to launch new unit 9.6 of films - Industrial film (-) - Development of the ( - 13.3 ) - VOC tr
Slide 5: Summary of Results: BS
Summary of Results: BS (B) (A) (¥bn.) Mar. 31, 2021 Mar. 31, 2022 Dec. 31, 2022 (A) - (B) Total assets 491.2 517.8 529.9 + 12.1 Cash and deposits 34.7 27.2 15.7 - 11.5 Inventories 76.3 96.0 120.5 + 24.4 Property, plant and equipment 224.6 227.6 240.0 + 12.5 Net assets 188.6 197.1 203.6 + 6.5 Shareho
Slide 6: Summary of Results: Segment
Summary of Results: Segment (¥bn.) Net sales Operating profit Q3 FY 3/22 Q3 FY 3/23 Q3 FY 3/22 Q3 FY 3/23 YOY (cumulative) (cumulative) (cumulative) (cumulative) Films and Functional Materials 127.3 128.3 16.6 4.5 - 12.1 Mobility 32.2 37.2 - 1.4 - 2.9 - 1.5 Lifestyle and Environment 82.4 94.5 2.7 1.
Slide 7: Films and Functional Materials
Films and Functional Materials (¥bn.) FY 3/22 FY 3/23 Q3 cumulative YOY Q3 Q3 H1 Q3 (cumulative) H1 Q3 (cumulative) Amount % Net sales 85.9 41.4 127.3 86.7 41.6 128.3 + 1.0 + 0.8% Operating profit 12.2 4.3 16.6 4.2 0.3 4.5 - 12.1 - 72.8% (OPM) 14.2% 10.5% 13.0% 4.9% 0.7% 3.5% ‐ ‐ Packaging film - Al
Slide 8: Mobility
Mobility (¥bn.) FY 3/22 FY 3/23 Q3 cumulative YOY Q3 Q3 H1 Q3 (cumulative) H1 Q3 (cumulative) Amount % Net sales 21.6 10.6 32.2 24.1 13.1 37.2 + 5.1 + 15.7% Operating profit - 0.9 - 0.6 - 1.4 - 2.0 - 0.9 - 2.9 - 1.5 ‐ (OPM) - - - - - - ‐ ‐ Engineering plastics - In Japan, although product price revi
Slide 9: Lifestyle and Environment
Lifestyle and Environment (¥bn.) FY 3/22 FY 3/23 Q3 cumulative YOY Q3 Q3 H1 Q3 (cumulative) H1 Q3 (cumulative) Amount % Net sales 54.7 27.7 82.4 64.6 29.9 94.5 + 12.1 + 14.7% Operating profit 1.9 0.8 2.7 1.2 0.4 1.6 - 1.1 - 40.5% (OPM) 3.4% 2.9% 3.2% 1.9% 1.2% 1.7% ‐ ‐ Environmental solutions - Sale
Slide 10: Life Science
Life Science (¥bn.) FY 3/22 FY 3/23 Q3 cumulative YOY Q3 Q3 H1 Q3 (cumulative) H1 Q3 (cumulative) Amount % Net sales 16.3 8.2 24.6 19.3 10.0 29.3 + 4.7 + 19.3% Operating profit 4.6 1.8 6.4 5.4 2.6 8.0 + 1.6 + 24.6% (OPM) 28.2% 21.6% 26.0% 28.0% 25.5% 27.2% ‐ ‐ Biotechnology - Sales of reagents for P
Slide 11: Forecasts for FY 3/23
Forecasts for FY 3/23 Revise operating profit to ¥ 11.0 bn., based on the impact of raw material and fuel prices remaining high and delays in the recovery of demand for smartphone and TV applications. Net profit is forecasted to be ¥ 6.5 bn. (¥bn.) FY 3/22 FY 3/23 YOY Previous forecasts Results H1 H
Slide 12: Analysis in Changes in Operating Profit
Analysis in Changes in Operating Profit Raw material and fuel costs 30.0 - 17.0 Prices Volume 25.0 +12.4 - 6.7 Others 20.0 - 6.1 (¥bn.) 15.0 28.4 10.0 - Packaging film - R&D and testing expenses etc. - Cost to launch new unit of films 11.0 5.0 - Industrial film (-) - Development of the ( - 17.4 ) -
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 Previous YOY forecasts results forecasts results forecasts (Nov. 2022) Films and Functional Materials 170.3 171.0 19.9 5.2 - 14.7 10.0 Mobility 44.7 51.0 - 1.8 - 4.0 - 2.2 - 3.4 Lifestyle and Environment 114.3 127
Slide 14: Appendix
TOYOBO Appendix
Slide 15: Business Performance
Business Performance (¥bn.) FY 3/22 FY 3/23 Net sales Q3 Q3 Q1 Q2 Q3 (cumulative) Full year Q1 Q2 Q3 (cumulative) Films and Funcitonal Materials 45.7 40.2 41.4 127.3 170.3 45.3 41.4 41.6 128.3 Mobility 11.1 10.5 10.6 32.2 44.7 11.8 12.3 13.1 37.2 Lifestyle and Environment 27.7 27.0 27.7 82.4 114.3 3
Slide 16: Topics: Obtained SBT certification
Topics: Obtained SBT certification Obtained SBT (Science Based Targets) certification SBT refers to corporate reduction targets for greenhouse gases in conformity with the levels set in the Paris Agreement The Toyobo Group’s targets of reducing GHG emissions by FY 3/31 have been validated by the SBT
Slide 17: Topics: Life Science Business
Topics: Life Science Business New installation of manufacturing equipment at biotechnology plant - Manufacturing equipment for reagents for PCR testing that utilized in genetic testing, and raw materials for genetic diagnostic reagents, such as enzymes, antibodies, etc. - Aim to begin construction i
Slide 18: 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 19: ©️ TOYOBO CO., LTD. All rights reserved.
©️ TOYOBO CO., LTD. All rights reserved.