Toyo Engineering Corporation · TSE:6330
Toyo Engineering — Q2 FY2010 Earnings Presentation
21 slides from Toyo Engineering's earnings presentation, Nov 11, 2010
Slide 1: Outline of Financial Results
Second quarter of fiscal year 2010 (September (September 30, 30, 2010) 2010) OUTLINE OF FINANCIAL RESULTS November 11, 2010
Slide 2: Contents
©2010 Contents I Outline of income statement III New orders Performance summary 3 New orders 15 Income statement 4 Backlog of contracts 17 Net sales 5 IV Forecast 18 Gross profit 8 Operating income 9 Ordinary income 10 -Reference- Net income 11 Subsidiaries information 19 II Financial position Histo
Slide 3: Performance summary
©2010 Performance summary ¾ Decreased in revenue and profit compared with same period last year. < Billion yen > Forecast Achieve- 2009/9 2010/9 Difference Difference 2010/9 ment Net sales 90.6 76.8 (13.8) -15% 80.0 (3.2) 96% Gross profit 14.1 12.8 (1.3) -9% 12.5 0.3 102% Gross profit rate 15.6% 16.
Slide 4: Income statement
©2010 Income statement < Billion yen > 2009/9 2010/9 Difference Forecast Difference Billions of % Billions of % Billions of 2010/9 yen yen yen Net sales 90.6 100.0 76.8 100.0 (13.8) 80.0 (3.2) Cost of sales 76.5 84.4 64.0 83.3 12.5 Gross profit 14.1 15.6 12.8 16.7 (1.3) 12.5 0.3 Selling, general and
Slide 5: Net sales
©2010 Net sales < Billion yen > 326.2 Compared with forecast for 2010/9 2010/9 Difference Achievement Forecast Result EPC 73.5 70.1 (3.4) 95% IT 5.0 5.2 0.2 104% Real estate 1.5 1.5 (0.0) 100% 173.9 Total 80.0 76.8 (3.2) 96% 160.0 Compared with same period last year 90.6 76.8 2009/9 2010/9 Differenc
Slide 6: Net sales: breakdown by region and segment
©2010 Net sales < Billion yen > 2010/9 Net sales : 76.8 billion yen Breakdown by region Japan Overseas 46.2 billion yen 60% Southeast Southwest Asia, Central and South America China 30.6 Asia Middle East 22.5 6.5 40% 4.1 and Africa 29% 9% 5% 10.8 14% Russia and Central Asia 1.1 1% Others 1.2 2% Majo
Slide 7: Net sales: region and segment details
©2010 Net sales < Billion yen > 326.2 326.2 Breakdown by Breakdown by region segment details 173.9 173.9 90.6 90.6 76.8 76.8 2009/3 2009/9 2010/3 2010/9 2009/3 2009/9 2010/3 2010/9 Japan 71.7 24.0 50.9 30.6 Chemical fertilizers 22.5 12.3 24.3 6.4 Southeast Asia 45.8 12.7 22.2 4.1 Petrochemicals 95.4
Slide 8: Gross profit
©2010 Gross profit < Billion yen > Gross profit rate 19.0% 34.7 32.9 16.7% 15.6% 15.0% 10.7% 24.0 2009/3 2009/9 2010/3 2010/9 2011/3 Forecast 14.1 12.8 Compared with forecast for 2010/9 2010/9 Difference Achievement Forecast Result 12.5 12.8 +0.3 102% Compared with same period last year Forecast 200
Slide 9: Operating income
©2010 Operating income < Billion yen > Operating income rate 15.1 7.5% 13.0 5.7% 4.6% 2.9% 2.5% 2009/3 2009/9 2010/3 2010/9 2011/3 5.2 Forecast 4.0 Compared with forecast for 2010/9 2.2 2010/9 Difference Achievement Forecast Result EPC 1.5 1.7 0.2 113% Forecast IT 0.0 0.0 0.0 - 2009/3 2009/9 2010/3
Slide 10: Ordinary income
©2010 Ordinary income < Billion yen > Ordinary income rate 8.3% 16.1 7.3% 14.4 4.9% 3.3% 2.2% 2009/3 2009/9 2010/3 2010/9 2011/3 Forecast 6.6 Compared with forecast for 2010/9 3.5 2010/9 Difference Achievement 2.5 Forecast Result 2.0 2.5 +0.5 125% Compared with same period last year Forecast 2009/3
Slide 11: Net income
©2010 Net income < Billion yen > Net income rate 7.1 6.5 4.1% 4.1% 2.0% 1.5% 0.6% 3.7 2009/3 2009/9 2010/3 2010/9 2011/3 Forecast 1.1 1.0 Compared with forecast for 2010/9 2010/9 Difference Achievement Forecast Forecast Result Difference Achievement 2009/3 2009/9 2010/3 2010/9 2011/3 1.0 1.1 +0.1 11
Slide 12: Balance sheet
©2010 Balance sheet < Billion yen > Assets 2010/3 2010/9 Difference Liabilities and net assets 2010/3 2010/9 Difference Current assets 141.6 130.0 (11.6) Current liabilities 90.6 80.4 (10.2) Cash and deposits 36.8 36.3 (0.5) Short-term interest bearing debt 8.2 9.1 +0.9 Marketable securities 37.9 37
Slide 13: Interest bearing debt balance
©2010 Interest bearing debt balance Forecast < Billion yen > 37.5 33.5 31.9 31.4 28.3 13.5 14.2 13.6 13.8 Consolidated subsidiaries 14.5 +6.1 (0.5) 24.0 * Interest bearing 19.3 18.3 17.6 debt includes Lease Non-consolidated 13.8 obligation. 2009/3 2009/9 2010/3 2010/9 2011/3 Interest bearing debt ra
Slide 14: Cash flows
©2010 Cash flows < Billion yen > 20.0 Cash flows 10.0 0.0 (10.0) (20.0) (30.0) 2008/4 - 2009/3 2009/4 - 9 2009/4 - 2010/3 2010/4 - 9 Operating activities (8.9) 9.5 10.8 (0.0) Investing activities (4.9) (0.5) (0.6) 1.0 Financing activities (8.3) 4.4 2.2 (1.3) Net increase / decrease in cash (23.8) 13
Slide 15: New orders
©2010 New orders ¾ Reached 22% of target for 2011/3 (280 billion yen). 2010/9 New orders : 62.1 billion yen < Billion yen > 280.0 Compared with target for 2011/3 56.0 Target Result Difference Achievement 2011/3 2010/9 Japan 56.0 22.6 (33.4) 40% Overseas 224.0 39.5 (184.5) 18% Total 280.0 62.1 (217.9
Slide 16: New orders by region and segment
©2010 New orders < Billion yen > Breakdown by Breakdown by region segment details 132.4 132.4 119.2 119.2 84.4 84.4 62.1 62.1 2009/3 2009/9 2010/3 2010/9 2009/3 2009/9 2010/3 2010/9 Japan 56.6 22.7 39.9 22.6 Chemical fertilizers 19.1 3.5 4.8 2.8 Southeast Asia 4.1 1.1 4.0 4.7 Petrochemicals 18.9 27.
Slide 17: Backlog of contracts
©2010 Backlog of contracts < Billion yen > Breakdown by Breakdown by region 224.4 segment details 224.4 209.1 209.1 168.1 168.1 147.5 147.5 2009/3 2009/9 2010/3 2010/9 2009/3 2009/9 2010/3 2010/9 Japan 51.1 44.4 36.2 28.8 Chemical fertilizers 62.4 51.7 33.9 28.4 Southeast Asia 22.6 9.9 2.8 3.2 Petro
Slide 18: Forecast
©2010 Forecast < Billion yen > z Not change by initial forecast. Forecast for 2011/3 2010/3 Forecast for breakdowns Initial plan New plan by segment Net sales 173.9 160.0 160.0 Initial New Net sales plan plan Gross profit 32.9 24.0 24.0 EPC 147.0 147.0 Gross profit rate 19.0% 15.0% 15.0% IT 10.0 10.
Slide 19: Reference: Subsidiaries information
©2010 - Reference - Subsidiaries information Results of major subsidiaries and affiliates Business Net sales Capital Share fields 2010/9 Consolidated subsidiaries Billion yen % Billion yen Japan Toyo Business Engineering Corporation IT 0.7 51 5.3 Japan TEC Estate, Ltd. Real Estate 2.7 100 1.0 Japan
Slide 20: Reference: Historical data
©2010 - Reference - Historical data Forecast 2009/3 2009/9 2010/3 2010/9 2011/3 Net sales Billion yen 326.2 90.6 173.9 76.8 160.0 Gross profit Billion yen 34.7 14.1 32.9 12.8 24.0 Gross profit rate % 10.7% 15.6% 19.0% 16.7% 15.0% Operating income Billion yen 15.1 5.2 13.0 2.2 4.0 Operating income ra
Slide 21: Contact
For further questions on this material, please contact ; URL http://www.toyo-eng.co.jp Kazuhiro SAKUMA IR Manager Corporate Communications Division 2-8-1 Akanehama, Narashino, Chiba, Japan 275-0024 TEL 81-47-454-1681 The forecasts given above are based on information available at the time of compila