Toyota Boshoku Corp. · TSE:3116
Toyota Boshoku — FY2021 Earnings Presentation
29 slides from Toyota Boshoku's earnings presentation, Apr 28, 2021
Slide 1: FY2021 Financial Results
TSE 1st Section Securities Code 3116 FY2021 (ending March 2021) Financial Results Date: April 28th, 2021
Slide 2: Financial Results Agenda
Financial Results 1. FY2021 Financial Results 2. FY2022 Financial Forecasts 3. Appendix
Slide 3: 1. FY2021 Financial Results
Financial Results 1. FY2021 Financial Results 2. FY2022 Financial Forecasts 3. Appendix
Slide 4: Overview of Consolidated Financial Results
1-1) FY2021 Financial Results Overview of Consolidated Financial Results (100 million yen) FY2020 FY2021 YOY Change Revenue 13,726 100.0% 12,721 100.0% △1,004 △7.3% Operating Profit 477 3.5% 571 4.5% 93 19.5% Profit before income taxes 480 3.5% 573 4.5% 92 19.3% Profit* 247 1.8% 311 2.5% 64 25.8% *P
Slide 5: Seat Production by Region
1-2) FY2021 Financial Results Seat Production by Region Total By Region （10,000 Units） △52 （10,000 Units） △6.9% FY20 FY21 YOY Change 753 Pct Change 702 △37 △11.4% +9 327 +3.9% 290 △13 △10 △10.6% 223 231 △12.6% 122 109 82 72 FY20 FY21 The Asia & Europe& Japan Americas Oceania Africa 2
Slide 6: Consolidated Revenue & Operating Profit
1-3) FY2021 Financial Results Consolidated Revenue & Operating Profit While profit decreased because of covid-19 impact mainly during 1Q, profit increased because profit securing measures such as increased overhead cost efficiency and cost reduction efforts were implemented Volume & Model Mix Operat
Slide 7: Japan Revenue & Operating Profit
1-4) FY2021 Financial Results Japan Revenue & Operating Profit Profit increased due to changes in product mix as well as increased overhead cost efficiency from working style reforms, reducing working hour and expenses, despite negative impacts form covid-19 outbreak mainly during 1Q Volume & Model
Slide 8: The Americas Revenue & Operating Profit
1-5) FY2021 Financial Results The Americas Revenue & Operating Profit Profitability steadily recovered thanks to new product effects and improved overhead costs efficiency Volume & Model Mix Operating Profit Variance (100 million yen) Analysis (YOY) 1,218 △130 ＜△10.6%＞ (1,000 units) Covid-19 impact
Slide 9: Asia & Oceania Revenue & Operating Profit
1-6) FY2021 Financial Results Asia & Oceania Revenue & Operating Profit Profit increased due to new product effects in China and improved overhead costs efficiency, despite covid-19 impacts in ASEAN courtiers Volume & Model Mix Operating Profit Variance +88 (100 million yen) 2,226 ＜+3.9%＞ 2,314 Anal
Slide 10: Europe & Africa Revenue & Operating Profit
1-7) FY2021 Financial Results Europe & Africa Revenue & Operating Profit Profit decreased due to covid-19 impact mainly during 1Q, however profit increased due to improved overhead costs efficiency and foreign exchange impact excluding the impact Volume & Model Mix Operating Profit Variance (100 mil
Slide 11: Comparison with the Forecast released for 3Q
1-8) FY2021 Financial Results Comparison with the Forecast released for 3Q Profit increased thanks to additionally increased overhead cost efficiency and sales efforts Operating Profit Variance Analysis (100 million yen) Volume & Model Mix (1,000 units) 3Q FY21 diff. contents △45 Released Actual 7,0
Slide 12: 2. FY2022 Financial Forecasts
Financial Results 1. FY2021 Financial Results 2. FY2022 Financial Forecasts 3. Appendix
Slide 13: FY2022 Overview of Consolidated Financial Forecasts
2-1) FY2022 Financial Forecasts Overview of Consolidated Financial Forecasts (100 million yen) FY21 Actual FY22 Forecasts YOY Change Revenue 12,721 100.0% 14,000 100.0% 1,278 10.1% Operating Profit 571 4.5% 720 5.1% 148 26.1% Profit before income taxes 573 4.5% 730 5.2% 156 27.3% Profit* 311 2.5% 47
Slide 14: FY2022 Seat Assembly Production by Region
2-2) FY2022 Financial Forecasts Seat Assembly Production by Region Total By Region （10,000 Units） （10,000 Units） +101 +14.4% YOY Change 803 FY21 FY22 Pct Change 702 +29 +10.0% +32 +13.9% 318 +25 290 +23.0% 231 264 +15 +20.7% 109 134 72 87 FY20 FY21 The Asia & Europe& Japan Actual Forecast Americas O
Slide 15: FY2022 Consolidated Revenue & Operating Profit Forecast
2-3) FY2022 Financial Forecasts Consolidated Revenue & Operating Profit Higher profit mainly due to new product effects in Japan and China in addition to increased volume while implementing upfront investments aimed at future growth Volume & Model Mix Operating Profit Variance Analysis (YOY) +1,010
Slide 16: FY2022 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 Higher profit due to volume increase and and new product effects despite negative elimination of temporary inefficiency impacts of upfront investments from model changes Volu
Slide 17: FY2022 Revenue & Operating Profit by Region: Asia, Europe
2-4) FY2021 Financial Forecasts Revenue & Operating Profit by Region Asia & Oceania Europe & Africa Higher profit thanks to volume increase Profit is about to be the same level due to And new products effects in China higher volume despite negative impacts from increase in overhead costs Volume & Mo
Slide 18: FY2022 Financial Forecasts by Half Year
2-5) FY2022 Financial Forecasts by Half Year Revenue (100 million yen) FY2022 1st Half 2nd Half Full Year Japan 3,700 3,900 7,600 The Americas 1,400 1,400 2,800 Asia & Oceania 1,600 2,000 3,600 Europe & Africa 400 500 900 Consolidated Total 6,700 7,300 14,000 Operating Profit (100 million yen) FY202
Slide 19: Returning to Shareholders
2-6) FY2022 Financial Forecasts Returning to Shareholders ■For FY21, the annual amount of dividends will be ¥45 including special dividend of ¥3 to return profits to shareholders ■For FY22, we plan to increase our annual dividends by ¥19 to ¥64 compared to FY20 Trends in dividend, operating profit,
Slide 20: Concluding
2-7) Concluding FY2021 Financial Results 【FY21 1st Half】 Profits secured by enhancing ability to earn such as Quit, Reduce, Change activity, increased overhead costs efficiency as working remotely in addition to flexibly responding to demand fluctuation at the production site under lower production
Slide 21: 3. Appendix
Financial Results 1. FY2021 Financial Results 2. FY2022 Financial Forecasts 3. Appendix
Slide 22: Consolidated Statement of Financial Position
Appendix1）Status of the Consolidated Statement of Financial Position (Mar.31, 2021) :Compared to the previous Current assets year ( billion yen) 457.5billion yen Liabilities ↓ 459.0billion yen ↓ 506.8billion yen +49.3 +17.1 476.1billion yen ・ Increase in operating receivables due to ・ funding to dea
Slide 23: Consolidated Cash Flows
Appendix2）Consolidated Cash Flows (100 million yen) 796 Cash flows from operating activities: 744 △5.1 billion yen year-on-year Free cash flows: △2.4 billion yen year-on-year 254 230 Major factors ・Expenses for acquisition of property, plant and equipment etc. FY20 FY21 Cash flows from investing act
Slide 24: Quarterly Trends: Consolidated
Appendix3) Quarterly Trends: Consolidated volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue JGAAP ◀ ▶ IFRS Revenue Seat Assembly Production (10,000 Units) (100 million yen) 8,000 191 195 201 193 190 206 194 220 183 183 188 186 181 183 183 169 119 3,665 3,44
Slide 25: Quarterly Trends: Japan
Appendix4) Quarterly Trends: Japan volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (10,000 Units) (100 million yen) 4,000 90 100 83 85 84 85 81 79 79 79 79 75 76 73 73 76 1,981 2,086 1,840 1,984 2,003 2,063 1,904 2,076 1,846 1,856 50 2,070 1,882 1,713 1,7
Slide 26: Quarterly Trends: The Americas
Appendix5) Quarterly Trends: The Americas volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (10,000 Units) 2,000 (100 million yen) 50 34 32 33 30 29 30 31 31 28 29 28 27 29 27 27 1,000 25 750 691 702 715 723 724 727 709 752 718 630 664 651 653 624 12 279 0
Slide 27: Quarterly Trends: Asia & Oceania
Appendix6）Quarterly Trends: Asia & Oceania volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (10,000 Units) 2,000 (100 million yen) 80 67 61 62 59 62 58 56 59 58 59 54 55 55 52 47 42 892 908 929 892 874 928 938 1,000 828 840 829 851 840 787 854 40 642 661 0
Slide 28: Quarterly Trends: Europe & Africa
Appendix7) Quarterly Trends: Europe & Africa volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (10,000 Units) 1,000 40 (100 million yen) 23 23 23 23 24 23 22 21 22 21 22 20 19 20 500 17 20 243 282 259 250 271 10 251 255 225 242 229 232 235 222 210 194 108 0
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