Toyota Tsusho Corp. · TSE:8015
Toyota Tsusho — Toyota Tsusho Corp Ord — Q2 2021 Earnings Presentation
30 slides from Toyota Tsusho's earnings presentation, Oct 29, 2021
Slide 1: Outline of Consolidated Results for Second Quarter of FY2021
Outline of Consolidated Results for Second Quarter of FY2021 (Year Ending March 31, 2022) and regarding Revision of Full-year Earnings Forecast for This Term October 29, 2021 Toyota Tsusho Corporation 0
Slide 2: Contents
Contents 1. Outline of Consolidated Results for Second Quarter of FY2021 P.2 2. Regarding Revision of Full-year Earnings Forecast for This Term P.10 3. Supplementary Materials of Financial Results P.14 1
Slide 3: Outline of Consolidated Results for Second Quarter of FY2021
１．Outline of Consolidated Results for Second Quarter of FY2021 2
Slide 4: Outline of Consolidated Results
Outline of Consolidated Results （Unit: Billion yen） ＜Foreign Exchange Rate＞ Announced on Apr.28,2021 FY2020 FY2021 Variance 1Q-2Q 1Q-2Q Initial FY2020 FY2021 YoY Rate of USD 107yen 110yen +3yen Forecast Progress 1Q-2Q 1Q-2Q Change Change for FY2021 EUR 121yen 131yen +10yen Gross Profit 262.2 363.4 +
Slide 5: Profit Analysis (1Q-2Q Results)
Profit Analysis（1Q-2Q Results） （Unit: Billion yen） Automotive ・Chemicals & Electronics(In-vehicle Others electronics, Automotive materials, etc.） +16.2 Sales ・Metals（North America, Japan, Thailand, etc.）+14.2 -2.1 ・Global Parts（Japan, Thailand, etc.） +9.4 Demand/ +23.0 -21.9 Trading Volume Others ・A
Slide 6: Profit (by Division) Year on Year change
Profit (by Division) Year on Year change （Unit: Billion yen） FY2020 FY2021 Division Change Main Factors of Changes 1Q-2Q 1Q-2Q ・Effect from One-off Gains and Losses Metals 3.1 44.4 +41.3 ・Increase in automobile production, and soaring metal market Global Parts ・Increase in automobile production in J
Slide 7: Compared to quarterly Profit (by Division)
Compared to quarterly Profit (by Division) （Unit: Billion yen） FY2020 FY2021 Division 1Q 2Q 3Q 4Q 1Q 2Q Rate of Change Results Results Results Results Results Results Change Metals 2.6 0.4 9.4 9.9 15.3 29.0 +13.7 +89% Global Parts & Logistics 1.0 4.4 7.4 7.1 7.6 5.1 (2.5) (33%) Automotive 0.3 3.1 4.
Slide 8: One-off Gains and Losses (Profit)
One-off Gains and Losses (Profit) （Unit: Billion yen） FY2020 FY2021 Division 1Q-2Q 1Q-2Q Main Factor Main Factor Result Result ・Impairment in resources business in ・Gain on exclusion of equity for South America -5.0 Metals （4.0） ・Gain from exemption from equity +15.0 resources business in South Amer
Slide 9: Consolidated Financial Position
Consolidated Financial Position （Unit: Billion yen） Mar. 31, 2021 Sep. 30, 2021 Current Current Current Liabilities Current Liabilities Assets 2,148.7 Assets 2,261.7 3,223.0 Non-Current 3,358.7 Non-Current Liabilities Liabilities Non-Current 1,421.2 Non-Current 1,397.8 Assets Net Assets Assets Net A
Slide 10: Consolidated Cash Flows
Consolidated Cash Flows （Unit: Billion yen） FY2020 1Q-2Q FY2021 1Q-2Q Cash flows from operating activities 139.4 Profit before income taxes 74.2 Depreciation and amortization 51.9 Cash flows from operating activities 31.8 Income taxes paid -35.1 Profit before income taxes 176.7 Working capital 44.9
Slide 11: Regarding Revision of Full-year Earnings Forecast for This Term
２. Regarding Revision of Full-year Earnings Forecast for This Term 10
Slide 12: Revision of full-year earnings forecast on FY2021
Revision of full-year earnings forecast on FY2021 （Unit: Billion yen） Initial Forecast Revised Rate of announced Change on Apr. 28, 2021 Forecast Change Gross Profit 650.0 685.0 +35.0 +5% Operating Profit 232.0 253.0 +21.0 +9% Profit before 240.0 278.0 +38.0 +16% income taxes Profit (attributable to
Slide 13: Full-year Earnings Revised Forecast for FY2021 (by Division)
Full-year Earnings Revised Forecast for FY2021 （by Division) （Unit: Billion yen） Gross Profit Profit Initial Forecast Revised Rate of Initial Forecast Revised Rate of announced Change announced on Apr. 28, 2021 forecast Change on Apr. 28, 2021 Forecast Change Metals 93.0 105.0 +12.0 +13% 34.5 55.0 +
Slide 14: Dividend forecast FY2021
Dividend forecast FY2021 Shareholder We will endeavor to maintain a stable dividend and increase dividend per share, Returns Policy with a consolidated dividend payout ratio of 25% or more as a basic policy. Announced Revised Apr. 28, 2021 Change Initial Forecast Forecast Interim 60yen 70yen +10yen
Slide 15: Supplementary Materials of Financial Results
3. Supplementary Materials of Financial Results 14
Slide 16: Gross Profit (by Division) Year on Year change
Gross Profit (by Division) Year on Year change （Unit: Billion yen） FY2020 FY2021 Rate of Division 1Q-2Q 1Q-2Q Change Change Main Factors of Changes ・Increase in automobile production in North Metals 35.0 62.9 +27.9 +80% America, Japan, Thailand, etc. ・Soaring metal market. Global Parts ・Increase in
Slide 17: Re-Post: Profit (by Division) Year on Year change
【Re-Post】 Profit (by Division) Year on Year change（Unit: Billion yen） FY2020 FY2021 Division Change Main Factors of Changes 1Q-2Q 1Q-2Q ・Effect from One-off Gains and Losses Metals 3.1 44.4 +41.3 ・Increase in automobile production, and soaring metal market Global Parts ・Increase in automobile produc
Slide 18: Comparison of quarterly results (by Division)
Comparison of quarterly results (by Division) （Unit: Billion yen） ※Upper row：Gross Profit Lower row： Profit (attributable to owners of the parent) FY2020 FY2021 Division 1Q 2Q 3Q 4Q 1Q 2Q Rate of Change Results Results Results Results Results Results Change 13.2 21.7 25.3 29.6 31.5 31.3 (0.2) (1%) M
Slide 19: Comparison of quarterly results (by Division)
Comparison of quarterly results (by Division) （Unit: Billion yen） ※Upper row：Gross Profit Lower row： Profit (attributable to owners of the parent) FY2020 FY2021 Division 1Q 2Q 3Q 4Q 1Q 2Q Rate of Change Results Results Results Results Results Results Change 22.0 22.9 27.3 28.8 34.0 30.9 (3.1) (9%) C
Slide 20: Metals Division (1Q-2Q Profit)
Metals Division (1Q-2Q Profit) （Unit: Billion yen） Demand/ Trading ・North America Volume Others 4.0 +3.7 -0.3 Others ・Japan +3.7 ※ ・China +1.2 +14.2 Markets ・India +0.5 /Prices ・North America +4.2 +11.4 ・Japan +3.6 40.4 44.4 Forex Effect ・Thailand +2.3 +0.6 ・India +1.1 -11.4 14.5 ・Europe +1.0 Others
Slide 21: Global Parts & Logistics Division (1Q-2Q Profit)
Global Parts & Logistics Division (1Q-2Q Profit) （Unit: Billion yen） ・Japan +3.0 Demand/ Trading Others ・Thailand +2.1 Volume +0.5 ・North America +1.2 -2.7 ・India +1.2 Others ※ ・Europe +1.0 +9.4 15.4 Forex Effect 12.7 0.3 +0.3 Others 5.5 ※ 5.2 Operating Operating Profit +10.2 Profit Profit Profit FY
Slide 22: Automotive Division (1Q-2Q Profit)
Automotive Division (1Q-2Q Profit) （Unit: Billion yen） Demand/ Trading Others ・Europe +5.7 Volume +0.5 ・Asia/Oceania +3.1 -3.5 ・Central South America +1.3 Others ※ +11.3 16.0 Forex Effect 12.5 -0.5 4.0 +0.2 Others 3.5 ※ Operating +12.0 Operating Profit Profit Profit Profit FY2020 +9.0 FY2021 FY2020
Slide 23: Machinery, Energy & Project Division (1Q-2Q Profit)
Machinery, Energy & Project Division (1Q-2Q Profit) （Unit: Billion yen） Demand/ Trading Forex Effect Volume +0.1 -1.7 Others 3.5 Others -7.1 -0.6 ※ Others ・Renewable energy -1.3 ※ 16.7 18.0 14.5 9.6 Operating Operating Profit -2.2 Profit Profit Profit FY2020 +8.4 FY2021 FY2020 FY2021 Profit / Loss C
Slide 24: Chemicals & Electronics Division (1Q-2Q Profit)
Chemicals & Electronics Division (1Q-2Q Profit) Electronics （Unit: Billion yen） ・Automotive production related +4.0 +11.1 -8.1 ・Chemical related +1.0 Others Chemical ※ +5.1 Forex Effect 30.2 +0.3 -3.3 ・In-vehicle electronics related +4.3 22.1 Others ・Built‐in memory related +3.9 ※ 13.7 ・Mobile phone
Slide 25: Food & Consumer Services Division (1Q-2Q Profit)
Food & Consumer Services Division (1Q-2Q Profit) Demand/ Trading （Unit: Billion yen） ・Overseas manufacture and sales of edible oils subsidiary +1.0 Volume Others ・Overseas grain subsidiary -1.2 -0.3 Markets +2.0 Forex Effect /Prices -2.7 -0.0 +0.0 Others -2.2 ※ Others ※ ・Overseas grain subsidiary +1
Slide 26: Africa Division (1Q-2Q Profit)
Africa Division (1Q-2Q Profit) （Unit: Billion yen） ・Sales East/South Africa +6.2 Non-Automotive West Africa Others +4.3 Automotive +2.9 Others +0.6 ・Production related -13.1 South Africa +0.6 +11.7 ・Health care +2.3 ・Plastic +0.4 Others Forex Effect 27.0 ※ +0.7 -9.3 13.9 Others 11.7 Operating Operat
Slide 27: Progress of Investment
Progress of Investment （Unit: Billion yen） Investment through the Second Quarter of FY2021 Main Projects Amount Automobile dealership business in Central America Mobility Vehicles for lease(CFAO) Automotive production-related facilities in North America (36.2) Resources & Wind power generati
Slide 28: Car Exports and Retail Sales Volume by Key Region and Country
Car Exports and Retail Sales Volume by Key Region and Country （Unit: units） Export Volume by Region Retail Sales Volume by Region Region FY2020 1-2Q FY2021 1-2Q Change Region FY2020 1-2Q FY2021 1-2Q Change Asia & Oceania 15,302 24,065 +8,763 Asia & Oceania 12,515 13,835 +1,320 ※ China & Hong Kong Ch
Slide 29: Financial Summary
Financial Summary （Unit: Billion yen） J-GAAP IFRS FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 Net sale/ 5,916.7 6,304.3 7,743.2 8,663.4 8,170.2 5,797.3 6,491.0 6,762.7 6,694.0 6,309.3 Revenue (※) Profit (attributable to owners 66.2 67.4 73.0 67.5 (43.7) 107.9 130.2 132.6 13
Slide 30: Inquiries: Toyota Tsusho Corporation Investor Relations Group
Inquiries: Toyota Tsusho Corporation Investor Relations Group E-mail ttc_ir@pp.toyota-tsusho.com Tokyo Head Office TEL +81-3-4306-8201 FAX +81-3-4306-8818 ◆ This presentation contains “forward-looking statements” about the strategies and plans of Toyota Tsusho Corporation and its Group companies tha
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