Toyota Boshoku Corp. · TSE:3116
Toyota Boshoku — Q2 FY2025 Earnings Presentation
32 slides from Toyota Boshoku's earnings presentation, Oct 31, 2024
Slide 1: FY2025 2nd Quarter Financial Results
TSE Prime Market Securities Code 3116 FY2025（ending March 2025） 2nd Quarter Financial Results Date: October 31st, 2024
Slide 2: Contents
Contents 1. 2nd Quarter FY2025 Financial Results 2. FY2025 Financial Forecasts 3. Appendix
Slide 3: Contents
Contents 1. 2nd Quarter FY2025 Financial Results 2. FY2025 Financial Forecasts 3. Appendix
Slide 4: Overview of Consolidated Financial Results
1-1) 2nd Quarter FY2025 Financial Results Overview of Consolidated Financial Results （100 million yen） 2Q FY2024 2Q FY2025 YOY Change Revenue 9,640 100.0% 9,481 100.0% △158 △1.6% Operating Profit 495 5.1% 338 3.6% △157 △31.8% Profit before income taxes 550 5.7% 329 3.5% △221 △40.2% Profit* 289 3.0%
Slide 5: Seat Production by Region
1-2) 2nd Quarter FY2025 Financial Results Seat Production by Region Total By Region （10,000 Units） △38 （10,000 Units） △8.7% YOY Change 2Q 2Q Pct Change 435 FY24 FY25 398 △15 △9.2% △3 △14 +2 △4.4% 168 △18.2% +2.5% 152 △7 △15.6% 71 68 78 76 77 63 44 37 2Q FY24 2Q FY25 Japan The China Asia Europe& Amer
Slide 6: Consolidated Revenue & Operating Profit
1-3) 2nd 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 reduction, and foreign exchange rate Volume
Slide 7: Japan Revenue & Operating Profit
1-3) 2nd 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) 2nd Quarter FY2025 Financial Results The Americas Revenue & Operating Profit Profit decreased due to a decline in volume caused by the impact of shutdown at the customer's site and an increase in market prices despite changes in the vehicle mix and cost reduction Volume & Model Mix Operating Pr
Slide 9: China Revenue & Operating Profit
1-3) 2nd 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) 2nd Quarter FY2025 Financial Results Asia Revenue & Operating Profit Profit increased due to volume increase from sales promotion in India and Indonesia, cost reduction and foreign exchange impacts despite changes in the vehicle mix and increase in overhead costs Volume & Model Mix Operating Pr
Slide 11: Europe & Africa Revenue & Operating Profit
1-3) 2nd 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 vehicle mix despite cost reduction and foreign exchange impacts Volume & Model Mix Operating Profit Variance Analysis (
Slide 12: Contents
Contents 1. 2nd Quarter FY2025 Financial Results 2. FY2025 Financial Forecasts 3. Appendix
Slide 13: FY2025 Overview of Consolidated Financial Forecasts
2-1) FY2025 Financial Forecasts Overview of Consolidated Financial Results (100 million yen) FY2024 FY2025 FY25 Forecast YOY Change Actual Forecast (1Q Announced) Revenue 19,536 100.0% 18,700 100.0% △836 △4.3% 19,000 100.0% Operating Profit 786 4.0% 680 3.6% △106 △13.5% 680 3.6% Profit before income
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） YOY Change FY24 FY25 Pct Change 857 800 Actual Forecast △3 △1.0% 328 325 △32 +1 △12 △21.6% +0.8% △8.5% △11 154 155 △13.3% 142 130 147 115 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 of impacts of new product effects and cost reduction from profit improvement act
Slide 16: Comparison with the Previous Forecast
2-3) FY2025 Financial Forecasts Comparison with the Previous Forecast （100 million yen） 1Q 2Q Difference announced announced Total Internal Environmental efforts changes FY24 Actual (exc. Constitutional 864 864 - - - strengthening costs) Volume △171 △230 △59 △59 Mix △7 △10 △3 +43 △46 Cost Reduction
Slide 17: Revenue & Operating Profit by Region: Japan, Americas
2-4) FY2025 Financial Forecasts Revenue & Operating Profit by Region Japan The Americas Higher profit due to new product effects, Lower profit due to volume decrease and changes in the vehicle mix and constitutional increased overhead costs from launch of a new strengthening costs in the previous ye
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 volume increase by the shift of the market towards BEVs from sales promotion in India & Indonesia and despite cost reduction cost reduction de
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 4,869 9,400 The Americas 2,408 2,191 4,600 China 1,126 873 2,000 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） 1
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 2nd Quarter FY2025 Financial Results 【2Q Results】 ・Operating profit progressed at a pace exceeding the previous forecast due to sales efforts and measures to secure profitability as well as steady profit contributions from new subsidiaries 【Forecast after 3Q】 ・While the future stays
Slide 23: Appendix
Contents 1. 2nd Quarter FY2025 Financial Results 2. FY2025 Financial Forecasts 3. Appendix
Slide 24: Status of the Consolidated Statement of Financial Position
Appendix1) Status of the Consolidated Statement of Financial Position (September 30th, 2024) (100 million yen) :Compared to the previous year end Current assets Liabilities Decrease in 7,087 6,348 trade receivables and lease Decrease in receivables △487 ↓ ↓ △291 in trade payables and lease liabiliti
Slide 25: Consolidated Cash Flows
Appendix2）Consolidated Cash Flows Cash flows from operating activities: △255 year-over-year Free cash flows: 809 △203 year-over-year 483 553 Major factors 280 ・cash decreased due to a reduction in profits etc. Cash flows from investing activities: FY24 2Q FY25 2Q +52 year-over-year △ 325 △ 273 (100
Slide 26: Quarterly Trends: Consolidated
Appendix3) Quarterly Trends: Consolidated volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue Seat Assembly Production (100 million yen) (10,000 units) 8,000 217 218 228 201 199 207 200 198 189 195 194 220 195 177 4,885 5,071 4,824 4,880 153 4,754 4,601 4,114
Slide 27: Quarterly Trends: Japan
Appendix4) 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 80 77 75 74 75 68 67 69 68 62 59 2,440 2,290 2,333 2,242 2,288 2,265 2,162 1,885 1,764 1,815 1,749 1,808 2,000 1,542 50
Slide 28: Quarterly Trends: The Americas
Appendix5) 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 40 30 32 32 31 29 30 27 1,535 1,381 1,070 1,149 1,194 1,039 1,123 1,026 1,000 854 863 896 881 15 786 672
Slide 29: Quarterly Trends: China
Appendix6) Quarterly Trends: China volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (100 million yen) (10,000 units) 2,000 80 43 44 43 39 39 40 40 38 36 34 33 1,000 30 30 40 646 699 27 595 673 628 628 599 445 600 548 530 595 428 434 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3
Slide 30: Quarterly Trends: Asia
Appendix7) Quarterly Trends: Asia volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue (100 million yen) (10,000 units) 2,000 60 39 40 40 40 38 38 40 34 35 35 40 32 29 1,000 23 21 729 697 722 663 693 706 634 638 624 528 556 525 20 417 401 0 0 1Q 2Q 3Q 4Q 1Q 2Q
Slide 31: Quarterly Trends: Europe & Africa
Appendix8) 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 18 18 500 20 13 322 335 358 306 296 309 309 309 232 258 247 264 216 166 0 0 1Q 2Q 3Q 4Q
Slide 32: 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