Toyota Boshoku Corp. · TSE:3116
Toyota Boshoku — Q3 FY2025 Earnings Presentation
30 slides from Toyota Boshoku's earnings presentation, Jan 31, 2025
Slide 1: 3rd Quarter Financial Results
TSE Prime Market Securities Code 3116 FY2025（ending March 2025） 3rd Quarter Financial Results Date: January 31, 2025
Slide 2: Contents
Contents 1. 3rd Quarter FY2025 Financial Results 2. FY2025 Financial Forecasts 3. Appendix
Slide 3: 1. 3rd Quarter FY2025 Financial Results
Contents 1. 3rd Quarter FY2025 Financial Results 2. FY2025 Financial Forecasts 3. Appendix
Slide 4: Overview of Consolidated Financial Results
1-1) 3rd Quarter FY2025 Financial Results Overview of Consolidated Financial Results （100 million yen） 3Q FY2024 3Q FY2025 YOY Change Revenue 14,711 100.0% 14,466 100.0% △244 △1.7% Operating Profit 767 5.2% 520 3.6% △247 △32.2% Profit before income taxes 793 5.4% 552 3.8% △241 △30.4% Profit* 421 2.9
Slide 5: Seat Production by Region
1-2) 3rd Quarter FY2025 Financial Results Seat Production by Region Total By Region （10,000 Units） △50 （10,000 Units） △7.5% YOY Change 663 3Q 3Q Pct Change 613 FY24 FY25 △17 △6.8% 254 237 △16 △6 △13.3% △0 △5.3% △0.2% △11 △16.0% 106 101 120 104 116 116 67 56 3Q FY24 3Q FY25 Japan The China Asia Europ
Slide 6: Consolidated Revenue & Operating Profit
1-3) 3rd Quarter FY2025 Financial Results Consolidated Revenue & Operating Profit Profit decreased due to strategic human capital investments for the future, increased overhead costs in addition to volume decrease, despite the impact of new products, cost *Includes the impact of reduction, and forei
Slide 7: Japan Revenue & Operating Profit
1-3) 3rd Quarter FY2025 Financial Results Japan Revenue & Operating Profit Profit decreased as volume decreased due to quality confirmation at customers’ sites in addition to strategic human capital investments for the future and an increased overhead costs despite new product effects and changes in
Slide 8: The Americas Revenue & Operating Profit
1-3) 3rd Quarter FY2025 Financial Results The Americas Revenue & Operating Profit Profit decreased due to volume decrease caused by the impact of shutdown at the customer's site and an increase in market prices despite cost reduction *Includes the impact of Inflation easing in Argentina Volume & Mod
Slide 9: China Revenue & Operating Profit
1-3) 3rd Quarter FY2025 Financial Results China Revenue & Operating Profit Profit decreased due to volume decrease caused by the shift of the market towards BEVs* despite impacts of cost reductions and foreign exchange * BEV：Battery Electric Vehicle Volume & Model Mix Operating Profit Variance Analy
Slide 10: Asia Revenue & Operating Profit
1-3) 3rd Quarter FY2025 Financial Results Asia Revenue & Operating Profit Profit decreased due to changes in the products mix and increase in overhead costs despite cost reduction and foreign exchange impacts Volume & Model Mix Operating Profit Variance Analysis (10,000 units) （100 million yen） Chan
Slide 11: Europe & Africa Revenue & Operating Profit
1-3) 3rd Quarter FY2025 Financial Results Europe & Africa Revenue & Operating Profit Profit decreased due to impacts of volume decrease and market prices, as well as changes in the products mix despite cost reduction and foreign exchange impacts Volume & Model Mix Operating Profit Variance Analysis
Slide 12: 2. FY2025 Financial Forecasts
Contents 1. 3rd Quarter FY2025 Financial Results 2. FY2025 Financial Forecasts 3. Appendix
Slide 13: Overview of Consolidated Financial Results (Forecast)
2-1) FY2025 Financial Forecasts Overview of Consolidated Financial Results (100 million yen) FY2024 FY2025 FY25 Forecast YOY Change Actual Forecast (2Q Announced) Revenue 19,536 100.0% 18,700 100.0% △836 △4.3% 18,700 100.0% *2 Operating Profit 792 4.1% 680 3.6% △112 △14.2% 680 3.6% *2 Profit before
Slide 14: Seat Production by Region (Forecast)
2-2) FY2025 Financial Forecasts Seat Production by Region Total By Region △57 （10,000 Units） △6.7% （10,000 Units） 857 YOY Change 800 FY24 FY25 Pct Change Actual Forecast △8 △2.5% 328 320 △12 △22 △4 △8.5% △14.8% △2.5% △11 △13.3% 142 130 147 125 154 150 86 75 FY24 FY25 Japan The China Asia Europe& Act
Slide 15: Consolidated Revenue & Operating Profit Forecast
2-3) FY2025 Financial Forecasts Consolidated Revenue & Operating Profit Lower profits due to volume decrease in addition to strategic human capital investments for future growth and an increase in overhead costs despite impacts of new product effects and cost reduction from profit improvement activi
Slide 16: Comparison with the Previous Forecast
2-3) FY2025 Financial Forecasts Comparison with the Previous Forecast （100 million yen） 2Q 3Q Difference announced announced Total Internal Environmental efforts changes FY24 Actual * (exc. Constitutional 864 870 +6 - +6 strengthening costs) Volume △230 △230 - Mix △10 △13 △3 +4 △7 Cost Reduction 125
Slide 17: Revenue & Operating Profit by Region: Japan, The Americas
2-4) FY2025 Financial Forecasts Revenue & Operating Profit by Region Japan The Americas Profit to be the same level due to new product Lower profit due to volume decrease and effects, changes in the products mix and increased overhead costs from launch of a new constitutional strengthening costs in
Slide 18: Revenue & Operating Profit by Region: China, Asia
2-4) FY2025 Financial Forecasts Revenue & Operating Profit by Region China Asia Lower profit due to volume decrease caused Profit to be the same level due to production decrease by the shift of the market towards BEVs in Thailand, changes in the products mix and an despite cost reduction increase in
Slide 19: Revenue & Operating Profit by Region: Europe & Africa
2-4) FY2025 Financial Forecasts Revenue & Operating Profit by Region Europe & Africa Lower profit due to volume decrease as well as impacts of rising labor costs and an increase in overhead costs despite cost reduction Volume & Model Mix (10,000 units) 86 △ 11 <△13.3%> 75 Compact 74 (85.5%) SUV・MPV
Slide 20: 1st/2nd Half by Region
2-5) FY2025 Financial Forecasts 1st/2nd Half by Region Revenue （100 million yen） 1st Half 2nd Half Full Year Japan 4,530 4,669 9,200 The Americas 2,408 2,191 4,600 China 1,126 1,073 2,200 Asia 1,400 1,299 2,700 Europe & Africa 574 525 1,100 Total 9,481 9,218 18,700 Operating Profit （100 million yen）
Slide 21: Returning to Shareholders
2-6) FY2025 Financial Forecasts Returning to Shareholders ■Annual plan is 86 yen, with an interim dividend of 43 yen and a year-end dividend of 43 yen ■Aim to provide long-term stable profit return based on consolidated performance, dividend payout ratio and DOE 3% or more Trends in dividends, opera
Slide 22: Concluding
2-7) Concluding 3rd Quarter FY2025 Financial Results 【3Q Results】 ・Operating profit progressed at a pace exceeding the previous forecast as actual volume resulted higher than our original forecast in China as well as measures to secure profitability including streamlined expenses 【Annual Forecast】 ・
Slide 23: 3. Appendix
Contents 1. 3rd Quarter FY2025 Financial Results 2. FY2025 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 (100 million yen) (10,000 units) 8,000 218 228 207 217 216 201 199 200 198 220 189 195 195 177 194 187 153 4,885 5,071 4,824 4,880 4,985 4,7
Slide 25: Quarterly Trends: Japan
Appendix2) Quarterly Trends: Japan volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (100 million yen) (10,000 units) 4,000 86 100 83 85 84 83 80 77 75 74 75 68 67 69 68 62 59 2,440 2,290 2,333 2,242 2,288 2,408 2,265 2,162 2,260 1,885 1,764 1,815 1,749 1,8
Slide 26: Quarterly Trends: The Americas
Appendix3) Quarterly Trends: The Americas volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (100 million yen) (10,000 units) 2,000 35 33 35 35 36 36 37 33 40 30 32 32 31 29 30 29 27 1,535 1,381 1,149 1,194 1,112 1,070 1,039 1,123 1,079 1,026 1,000 854 863 8
Slide 27: Quarterly Trends: China
Appendix4) Quarterly Trends: China volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (100 million yen) (10,000 units) 2,000 43 44 43 50 39 39 40 40 41 36 38 34 33 30 30 27 1,000 21 25 646 673 628 699 690 600 595 548 628 599 595 445 428 530 434 383 0 0 1Q 2Q
Slide 28: Quarterly Trends: Asia
Appendix5) Quarterly Trends: Asia volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (100 million yen) (10,000 units) 2,000 50 39 40 40 40 38 38 40 38 34 35 35 32 34 29 23 1,000 21 25 722 729 706 756 634 697 638 624 663 693 528 556 525 543 417 401 0 0 1Q 2Q
Slide 29: Quarterly Trends: Europe & Africa
Appendix6) Quarterly Trends: Europe & Africa volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (100 million yen) (10,000 units) 1,000 40 23 23 24 23 22 21 20 20 20 19 19 19 19 18 18 500 20 13 322 335 358 306 296 309 309 309 300 232 258 247 264 225 216 166 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