Toyota Boshoku Corp. · TSE:3116
Toyota Boshoku — Q3 FY2022 Earnings Presentation
30 slides from Toyota Boshoku's earnings presentation, Feb 2, 2022
Slide 1: FY2022 3rd Quarter Financial Results
TSE 1st Section Securities Code 3116 FY2022 (ending March 2022) 3rd Quarter Financial Results Date: February 2, 2022
Slide 2: Financial Results
Financial Results 1. 3rd Quarter FY2022 Financial Results 2. FY2022 Financial Forecasts 3. Appendix
Slide 3: 1. 3rd Quarter FY2022 Financial Results
Financial Results 1. 3rd Quarter FY2022 Financial Results 2. FY2022 Financial Forecasts 3. Appendix
Slide 4: Overview of Consolidated Financial Results
1-1) 3rd Quarter FY2022 Financial Results Overview of Consolidated Financial Results (100 million yen) Q3 FY2021 Q3 FY2022 YOY Change Revenue 9,236 100.0% 10,349 100.0% 1,112 12.0% Operating Profit 338 3.7% 424 4.1% 85 25.3% Profit before income taxes 333 3.6% 448 4.3% 114 34.4% Profit* 124 1.3% 244
Slide 5: Seat Production by Region
1-2) 3rd Quarter FY2022 Financial Results Seat Production by Region Total By Region +29 YOY Change （10,000 Units） +5.7% （10,000 Units） Pct Change 537 508 3Q 3Q FY21 FY22 △5 △2.4% 211 206 △8 +16 △6.9% +21 +20.5% +37.7% +6 118 109 +12.1% 76 91 75 55 49 55 3Q FY21 3Q FY22 The China Asia & Europe& Japan
Slide 6: Consolidated Revenue & Operating Profit
1-3) 3rd Quarter FY2022 Financial Results Consolidated Revenue & Operating Profit Profit increased due to higher production volume as demand recovered from covid-19 last year in addition to new product effects despite negative effects of increase in material price and overhead costs Volume & Model M
Slide 7: Japan Revenue & Operating Profit
1-3) 3rd Quarter FY2022 Financial Results Japan Revenue & Operating Profit Profit increased due to new product effects and change in mix despite negative effects of increase in material price and overhead costs Volume & Model Mix Operating Profit Variance Analysis Labor costs△6 (100 million yen) (1,
Slide 8: The Americas Revenue & Operating Profit
1-3) 3rd 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 negative effects of material price and overhead costs increase Volume & Model Mix Operating Profit Varian
Slide 9: China Revenue & Operating Profit
1-3) 3rd Quarter FY2022 Financial Results China Revenue & Operating Profit Profit decreased as volume decreased due to the parts supply issues this year as well as there was production increase last year from recovery in demand Volume & Model Mix Operating Profit Variance Analysis (100 million yen)
Slide 10: Asia & Oceania Revenue & Operating Profit
1-3) 3rd Quarter FY2022 Financial Results Asia & Oceania Revenue & Operating Profit Profit increased due to higher volume as demand recovered from covid-19 last year as well as new product launch Volume & Model Mix Operating Profit Variance Analysis (100 million yen) 751 (1,000 units) Changes in pro
Slide 11: Europe & Africa Revenue & Operating Profit
1-3) 3rd Quarter FY2022 Financial Results Europe & Africa Revenue & Operating Profit Profit decreased due to material price increase and transient negative factors despite higher volume as demand recovered from last year Volume & Model Mix Operating Profit Variance Analysis Labor costs△2 (100 millio
Slide 12: 2. FY2022 Financial Forecasts
Financial Results 1. 3rd 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 Forecast FY21 Actual FY22 Forecast YOY Change (2Q Announced) Revenue 12,721 100.0% 13,800 100.0% 1,078 8.5% 100.0 14,000 % Operating Profit 571 4.5% 600 4.3% 28 5.1% 720 5.1% Profit before income taxe
Slide 14: Seat Assembly Production by Region
2-2) FY2022 Financial Forecasts Seat Assembly Production by Region Total By Region +36 YOY Change （10,000 Units） +5.2% （10,000 Units） Pct Change 738 702 FY21 FY22 △12 △4.2% 290277 △6 +15 △3.9% +30 +13.5% +37.5% +10 124 152 146 +13.9% 109 109 79 72 82 FY21 FY22 Japan The China Asia & Europe& Actual F
Slide 15: Consolidated Revenue & Operating Profit Forecast
2-3) FY2022 Financial Forecasts Consolidated Revenue & Operating Profit Higher profit due to new product effects and measures for securing profitability despite negative impacts of upfront investments aimed at future growth and material price increase Volume & Model Mix Operating Profit Variance Ana
Slide 16: Comparison with the Forecast released for 2Q
2-4) FY2022 Financial Forecasts Comparison with the Forecast released for 2Q Profit is expected to exceed the previous year thanks to profit securing measures such as maximizing new product effects despite impacts of globally decreased production and temporal expenses along with it Volume & Model Mi
Slide 17: Revenue & Operating Profit by Region: Japan, The Americas
2-5) FY2022 Financial Forecasts Revenue & Operating Profit by Region Japan The Americas Lower profit due to negative impacts of Higher profit due to volume increase and covid-19 rebound and parts supply issues elimination of temporary inefficiency from despite new product effects model changes despi
Slide 18: Revenue & Operating Profit by Region: China, Asia & Oceania
2-5) FY2022 Financial Forecasts Revenue & Operating Profit by Region China Asia & Oceania Lower profit due to production decline Higher profit due to production increase from covid-19 rebound and parts supply as demand recovered from covid-19 last issues despite positive impacts of new year product
Slide 19: Revenue & Operating Profit by Region: Europe & Africa
2-5) FY2022 Financial Forecasts Revenue & Operating Profit by Region Europe & Africa Lower profit due to negative impacts of increased material price and transient negative factors despite higher volume Volume & Model Mix (1,000 units) 818 +100 718 <+13.9%> Compact 551 (76.8%) Medium 28 (3.9%) SUV・M
Slide 20: 1st/2nd Half by Region
2-6) FY2022 Financial Forecasts 1st/2nd Half by Region Revenue （100 million yen） 1st Half 2nd Half Full Year Japan 3,427 3,472 6,900 The Americas 1,459 1,640 3,100 China 874 1,125 2,000 Asia & Oceania 819 1,030 1,850 Europe & Africa 398 551 950 Consolidated Total 6,520 7,279 13,800 Operating Profit
Slide 21: Returning to Shareholders
2-7) FY2022 Financial Forecasts Returning to Shareholders FY-end dividends payout is ¥32, which is determined to keep long-term sustainable dividends based on comprehensive evaluation of our ability to earn despite negative impact of production decline Trends in dividend, operating profit, & profit
Slide 22: Concluding
2-8) Concluding 3rd Quarter FY2022 Financial Results 【3Q Results】 ･Progressed as the same level as announced at 2Q thanks to company-wide efforts to secure profit despite impacts of production decline 【4Q Forecast】 ・Provision revised downward incorporating customer’s production cut until March 【Annu
Slide 23: 3. Appendix
Financial Results 1. 3rd Quarter FY2022 Financial Results 2. FY2022 Financial Forecasts 3. Appendix
Slide 24: Quarterly Trends: Consolidated
Appendix1) Quarterly Trends: Consolidated volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue Seat Assembly Production (10,000 Units) (100 million yen) 8,000 191 195 201 193 190 206 194 195 201 220 181 183 183 189 169 153 JGAAP ◀ ▶ IFRS Revenue 119 3,782 3,48
Slide 25: 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 68 71 62 2,003 2,063 1,904 2,076 1,846 1,856 50 2,070 1,840 1,984 1,813 1,882 1,885 1,764 1,7
Slide 26: Quarterly Trends: The Americas
Appendix3) Quarterly Trends: The Americas volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (10,000 Units) (100 million yen) 2,000 50 34 35 32 33 32 30 31 31 28 27 29 27 27 29 27 1,000 854 786 25 723 724 727 709 752 718 786 630 664 651 653 624 672 12 279 0
Slide 27: 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 40 43 38 38 39 36 37 34 32 35 1,000 28 31 31 30 40 27 646 437 437 468 19 464 446 482 445 478 399 362 427 389 411 428 254 0 0 1Q 2Q
Slide 28: 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 32 34 30 29 28 28 28 28 26 25 24 24 23 21 19 1,000 20 481 487 478 466 488 459 10 459 528 502 453 389 444 417 401 342 197
Slide 29: 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 27 23 24 23 22 21 22 21 22 22 19 20 20 500 17 20 13 271 10 255 258 293 242 229 250 232 235 222 251 232 194 210 166 108 0
Slide 30: 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