Toyota Boshoku Corp. · TSE:3116
Toyota Boshoku — Q1 FY2021 Earnings Presentation
24 slides from Toyota Boshoku's earnings presentation, Jul 31, 2020
Slide 1: FY2021 1st Quarter Financial Results
TSE 1st Section Securities Code 3116 FY2021 1st Quarter Financial Results Date: July 31, 2020
Slide 2: Financial Results
Financial Results 1. 1st Quarter FY2021 Financial Results 2. FY2021 Financial Forecasts
Slide 3: 1. 1st Quarter FY2021 Financial Results
Financial Results 1. 1st Quarter FY2021 Financial Results 2. FY2021 Financial Forecasts
Slide 4: Overview of Consolidated Financial Results
1-1) 1st Quarter FY2021 Financial Results Overview of Consolidated Financial Results （IFRS） （IFRS） (100 million yen) Q1 FY2020 Q1 FY2021 YOY Change Revenue 3,518 100.0% 2,120 100.0% △1,397 △39.7% Operating Profit 147 4.2% △140 △6.6% △288 ― Profit before income taxes 145 4.1% △151 △7.1% △297 ― Profit
Slide 5: Seat Production by Region
1-2) 1st Quarter FY2021 Financial Results Seat Production by Region Total By Region （10,000 Units） （10,000 Units） YOY Change △81 1Q 1Q Pct Change FY20 FY21 △40.5% 201 △36 119 △41.7% △12 △20.2% 85 △22 △12 △64.3% 59 △54.3% 50 47 34 22 12 10 1Q FY20 1Q FY21 The Asia & Europe& Japan Americas Oceania Afr
Slide 6: Consolidated Revenue & Operating Profit
1-3) 1st Quarter FY2021 Financial Results Consolidated Revenue & Operating Profit Profit decreased due to lower volume amid Covid-19 outbreak and labor costs borne to maintain employment despite measures taken to secure profit by improving overhead costs efficiency and cost reduction efforts Volume
Slide 7: Japan Revenue & Operating Profit
1-3) 1st Quarter FY2021 Financial Results Japan Revenue & Operating Profit Profit decreased due to volume decline amid Covid-19 outbreak and labor cost borne to maintain employment, although there was an improvement in overhead cost efficiency by reforming work-style, including reducing hours and ex
Slide 8: The Americas Revenue & Operating Profit
1-3) 1st Quarter FY2021 Financial Results The Americas Revenue & Operating Profit Profit decreased due to volume decline amid Covid-19 outbreak and labor costs borne to maintain employment despite positive factors such as improved overhead costs efficiency and foreign exchange impact Volume & Mix Op
Slide 9: Asia & Oceania Revenue & Operating Profit
1-3) 1st Quarter FY2021 Financial Results Asia & Oceania Revenue & Operating Profit Profit decreased due to volume decline in ASEAN countries in spite of volume increase in China and improved overhead costs efficiency Volume & Mix Operating Profit Variance Analysis 594 △120 (1,000 units) (100 millio
Slide 10: Europe & Africa Revenue & Operating Profit
1-3) 1st Quarter FY2021 Financial Results Europe & Africa Revenue & Operating Profit Profit decreased due to volume decline amid Covid-19 outbreak and labor costs borne to maintain employment despite positive factors such as foreign exchange impact Volume & Mix Operating Profit Variance Analysis (1,
Slide 11: 2. FY2021 Financial Forecasts
Financial Results 1. 1st Quarter FY2021 Financial Results 2. FY2021 Financial Forecasts
Slide 12: Overview of Consolidated Financial Forecasts
2-1) FY2021 Financial Forecasts Overview of Consolidated Financial Forecasts （IFRS） （IFRS） (100 million yen) FY2020 FY2021 YOY Change Revenue 13,726 100.0% 11,400 100.0% △2,326 △16.9% Operating Profit 477 3.5% 130 1.1% △347 △72.8% Profit before income taxes 480 3.5% 120 1.1% △360 △75.0% Profit* 247
Slide 13: Seat Assembly Production by Region
2-2) FY2021 Financial Forecasts Seat Assembly Production by Region Total By Region （10,000 Units） （10,000 Units） △102 YOY Change △13.6% FY20 FY21 Pct Change 753 651 △66 △20.1% △15 327 △11 △6.8% △9.2% △10 261 △12.3% 223 207 122 111 82 72 FY20 FY21 Japan The Asia & Europe & Americas Oceania Africa 9
Slide 14: Consolidated Revenue & Operating Profit
2-3) FY2021 Financial Forecasts Consolidated Revenue & Operating Profit Lower profit due to volume decrease amid Covid-19 outbreak and labor costs borne to maintain employment although improvements are expected in overhead cost efficiency and cost reduction efforts Volume & Model Mix Operating Profi
Slide 15: Revenue & Operating Profit by Region
2-3) FY2021 Financial Forecasts Revenue & Operating Profit by Region Japan The Americas Lower profit due to Covid-19 impact, Higher profit because of improved cost despite cost reduction efforts and cost efficiency and temporally elimination of efficiency improvement to secure profit inefficiency as
Slide 16: Revenue & Operating Profit by Region
2-3) FY2021 Financial Forecasts Revenue & Operating Profit by Region Asia & Oceania Europe & Africa Lower Profit due to volume decline amid Profit is about to be the same level as Covid-19 in ASEAN countries in spite of the previous year due to the fund volume increase in China leakage incident desp
Slide 17: Returning to Shareholders
2-4) FY2021 Financial Forecasts Returning to Shareholders Dividend for both interim and FY-end was unavailable at this point After taking results for the first half into account, dividend will be announced once determined based on comprehensive evaluation regarding necessary preparation to stabi
Slide 18: Appendix
Appendix
Slide 19: Quarterly Trends: Consolidated
3-1) 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) 8,000 191 195 201 193 190 220 183 183 188 186 181 183 169 119 3,665 3,444 3,418 3,605 3,59
Slide 20: Quarterly Trends: Japan
3-2) Quarterly Trends: Japan volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (100 million yen) (10,000 Units) 4,000 90 100 83 85 84 81 79 79 79 75 76 73 73 1,981 2,086 1,840 1,984 2,003 2,063 1,904 2,076 1,846 1,856 50 2,000 1,713 1,773 50 1,229 0 0 1Q 2Q
Slide 21: Quarterly Trends: The Americas
3-3) 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 30 29 30 31 28 29 28 27 29 27 27 1,000 25 750 691 702 715 723 724 727 630 664 651 653 624 12 279 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1
Slide 22: Quarterly Trends: Asia & Oceania
3-4）Quarterly Trends: Asia & Oceania volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (10,000 Units) 2,000 (100 million yen) 80 61 62 59 62 58 56 59 54 55 55 52 47 42 892 851 908 929 892 874 928 1,000 828 840 829 840 40 642 661 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
Slide 23: Quarterly Trends: Europe & Africa
3-5）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 22 21 22 21 20 19 20 500 20 243 282 259 250 271 10 225 242 229 232 235 222 194 108 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1
Slide 24: 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