Slide 1: Presentation to Investors for Year Ended March 31, 2025
May 12, 2025 Presentation to Investors for Year Ended March 31, 2025 TOYOBO CO., LTD.
Slide 2: Highlights
Highlights FY 3/25 Results Operating profit increased because Industrial film and Environmental and Functional Materials performed strong, in addition to improvement in profitability of businesses requiring improvement. Net profit was ¥2.0 billion due to the effect of exchange fluctuations, loss on
Slide 3: (Reference) Operating Profit by Quarter
(Reference) Operating Profit by Quarter (¥ bn.) 10.0 8.0 6.0 4.0 2.0 0.0 -2.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY 3/22 FY 3/23 FY 3/24 FY 3/25 3
Slide 4: Business Environment in the FY 3/25 (Difference from Initial Forecasts)
Business Environment in the FY 3/25 (Difference from Initial Forecasts) Segment Business Initial Forecasts FY 3/25 Results Situation* Inventory adjustment finishes and the market moves Inventory adjustment finished and the market Packaging film toward a gradual recovery. moved toward a gradual recov
Slide 5: Summary of Results: P&L
Summary of Results: P&L (¥ bn.) YOY Previous FY 3/23 FY 3/24 FY 3/25 forecasts Amount % (Feb. 2025) Net sales 399.9 414.3 422.0 +7.8 +1.9% 435.0 Gross profit 85.0 88.0 97.1 +9.1 +10.3% - Operating profit 10.1 9.0 16.7 +7.7 +85.1% 17.0 (Ratio to sales) 2.5% 2.2% 3.9% - - 3.9% Non-operating income and
Slide 6: Non-operating Income and Expenses, Extraordinary Income and Losses
Non-operating Income and Expenses, Extraordinary Income and Losses Non-operating income and expenses: Extraordinary income and losses: breakdown (¥ bn.) breakdown (¥ bn.) FY 3/24 FY 3/25 YOY FY 3/24 FY 3/25 YOY Gain on sale of non-current Foreign exchange gains 1.3 - - 1.3 - 0.7 +0.7 assets Gain on
Slide 7: Analysis in Changes in Operating Profit
Analysis in Changes in Operating Profit Volume Others 20.0 +3.9 - 1.8 Prices 16.0 +5.1 Raw material 12.0 and fuel costs (¥bn.) +0.5 Depreciation Cost to launch 16.7 8.0 new equipment Films Films R&D expenses (+) ( +7.7 ) Resin and chemical Resin and chemical Airbag fabric 4.0 9.0 0.0 FY 3/24 FY 3/25
Slide 8: Summary of Results: BS
Summary of Results: BS (B) (A) (¥ bn.) Mar. 31, 2023 Mar. 31, 2024 Mar. 31, 2025 (A)-(B) Total assets 588.9 607.0 617.8 +10.8 Cash and deposits 60.7 33.8 28.6 - 5.2 Inventories 121.9 122.0 119.0 - 3.0 Property, plant and equipment 240.2 281.5 296.5 +15.0 Net assets 221.4 230.1 232.0 +2.0 Shareholder
Slide 9: Summary of Results: CF, etc.
Summary of Results: CF, etc. (¥ bn.) FY 3/24 FY 3/25 YOY Cash flows from operating activities 21.6 30.1 +8.5 Cash flows from investing activities - 58.8 - 46.4 +12.4 Free cash flows - 37.2 - 16.3 +20.9 Cash flows from financing activities 8.3 10.5 +2.2 Others 2.0 - 0.1 - 2.1 Net increase (decrease)
Slide 10: Summary of Results: Segment
Summary of Results: Segment (¥ bn.) Net sales Operating profit Previous forecasts FY 3/24 FY 3/25 FY 3/24 FY 3/25 YOY (Feb. 2025) Films 156.5 166.8 2.7 6.9 +4.2 6.5 Life Science 34.6 34.3 4.4 2.0 - 2.4 2.5 Environmental and Functional Materials 115.3 110.8 4.7 8.0 +3.3 8.0 Functional Textiles and Tr
Slide 11: (Reference) Operating Profit by Quarter (by Segment)
(Reference) Operating Profit by Quarter (by Segment) (¥ bn.) FY 3/24 FY 3/25 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Films 1.2 0.2 0.1 1.2 1.5 1.5 0.8 3.1 Life Science 1.4 1.0 1.1 1.0 0.4 0.5 0.6 0.5 Environmental and Functional Materials - 0.7 1.0 2.6 1.7 1.3 2.1 2.3 2.3 Functional Textiles and Trading - 0.7 - 0.1
Slide 12: Main Action Plan and Their Results by Segment
Main Action Plan and Their Results by Segment Segment Action (Planned in May 2024) Results* Improvement in profitability of packaging film and further expansion of industrial film - Packaging film: Further price revisions. Full-fledged launch of new production equipment and new product. D Review pro
Slide 13: Films
Films (¥ bn.) FY 3/24 FY 3/25 YOY Previous forecasts H1 H2 Full year H1 H2 Full year Amount % (Feb. 2025) Net sales 78.1 78.5 156.5 82.8 84.0 166.8 +10.3 +6.6% 170.0 Operating profit 1.4 1.3 2.7 3.0 3.9 6.9 +4.2 +157.4% 6.5 (OPM) 1.8% 1.6% 1.7% 3.6% 4.6% 4.1% - - 3.8% EBITDA 5.6 6.0 11.6 7.8 8.8 16.
Slide 14: Life Science
Life Science (¥ bn.) FY 3/24 FY 3/25 YOY Previous forecasts H1 H2 Full year H1 H2 Full year Amount % (Feb. 2025) Net sales 16.6 18.0 34.6 17.2 17.1 34.3 - 0.2 - 0.6% 36.0 Operating profit 2.4 2.0 4.4 0.9 1.1 2.0 - 2.4 - 54.7% 2.5 (OPM) 14.5% 11.3% 12.8% 5.3% 6.5% 5.9% - - 6.9% EBITDA 3.4 3.1 6.6 2.5
Slide 15: Environmental and Functional Materials
Environmental and Functional Materials (¥ bn.) FY 3/24 FY 3/25 YOY Previous forecasts H1 H2 Full year H1 H2 Full year Amount % (Feb. 2025) Net sales 52.5 62.8 115.3 55.2 55.6 110.8 - 4.5 - 3.9% 115.0 Operating profit 0.4 4.3 4.7 3.4 4.6 8.0 +3.3 +70.6% 8.0 (OPM) 0.7% 6.8% 4.0% 6.1% 8.3% 7.2% - - 7.0
Slide 16: Functional Textiles and Trading
Functional Textiles and Trading (¥ bn.) FY 3/24 FY 3/25 YOY Previous forecasts H1 H2 Full year H1 H2 Full year Amount % (Feb. 2025) Net sales 45.7 50.0 95.7 47.9 50.1 98.1 +2.4 +2.5% 102.0 Operating profit - 0.9 - 0.2 - 1.0 0.1 0.4 0.5 +1.6 - 0.8 (OPM) - - - 0.2% 0.9% 0.6% - - 0.8% EBITDA 0.4 1.1 1.
Slide 17: Forecasts for Business Environment in the FY 3/26
Forecasts for Business Environment in the FY 3/26 Segment Business Condition of previous fiscal year (FY 3/25) Forecasts (FY 3/26) Effects of U.S. tariffs have not been factored in. Inventory adjustment finished and the market moved Packaging film Demand at same level year on year. toward a gradual
Slide 18: Effects of U.S. Tariff Measures on Business
Effects of U.S. Tariff Measures on Business Share of sales by region for FY 3/25* - Effects of mutual tariffs (direct and indirect) have not been factored into the forecasts for FY 3/26. The United States 3% Other regions - U.S. sales that could be potentially impacted by mutual tariffs 11% are appr
Slide 19: Forecasts for FY 3/26
Forecasts for FY 3/26 Because of the profit improvements of the businesses requiring improvement like Packaging film and growth investment effects in Life Science and other areas, we forecast operating profit of ¥21.0 billion and net profit of ¥4.5 billion. (¥ bn.) FY 3/25 FY 3/26 YOY Results Foreca
Slide 20: Analysis in Changes in Operating Profit
Analysis in Changes in Operating Profit Volume Others 25.0 Raw material Prices + 2.0 - 2.2 and fuel costs + 1.5 20.0 + 3.0 Films 15.0 Biotechnology (¥ bn.) Films Medical materials Depreciation Resin and chemical R&D expenses 21.0 Cost to launch 10.0 new equipment (+) ( + 4.3 ) 16.7 5.0 0.0 FY 3/25 F
Slide 21: Forecasts by Segment
Forecasts by Segment (¥ bn.) FY 3/25 Results FY 3/26 Forecasts YOY Net sales H1 H2 Full year H1 H2 Full year Full year Films 82.8 84.0 166.8 90.0 85.0 175.0 +8.2 Life Science 17.2 17.1 34.3 20.0 21.0 41.0 +6.7 Environmental and Functional Materials 55.2 55.6 110.8 55.0 62.0 117.0 +6.2 Functional Tex
Slide 22: Management Policy in FY 3/26
Management Policy in FY 3/26 Recover earning power to create the future 1. Thorough safety, disaster prevention and quality assurance, and compliance (basic premise) 2. Endured pricing commensurate with value 3. Measures for businesses requiring improvement (low earning / loss-making segments) 4. Se
Slide 23: Appendix
TOYOBO Appendix
Slide 24: Business Performance
Business Performance (¥ bn.) FY 3/24 FY 3/25 Net sales Q1 Q2 Q3 Q4 Full year Q1 Q2 Q3 Q4 Full year Films 39.0 39.1 39.3 39.1 156.5 42.1 40.7 42.1 42.0 166.8 Life Science 8.1 8.4 8.7 9.3 34.6 8.1 9.1 8.5 8.6 34.3 Environmental and Functional Materials 25.0 27.6 33.6 29.2 115.3 28.1 27.2 28.3 27.3 110
Slide 25: Major Indicators
Major Indicators (¥ bn.) FY 3/20 FY 3/21 FY 3/22 FY 3/23 FY 3/24 FY 3/25 FY 3/26 Results Forecasts Net sales 339.6 337.4 375.7 399.9 414.3 422.0 440.0 Operating profit 22.8 26.7 28.4 10.1 9.0 16.7 21.0 (Ratio to sales) 6.7% 7.9% 7.6% 2.5% 2.2% 3.9% 4.8% *1 EBITDA 39.8 45.8 48.5 29.1 28.8 39.4 46.0 E
Slide 26: Product Price Revisions for Rising Raw Material and Fuel Prices
Product Price Revisions for Rising Raw Material and Fuel Prices Naphtha price in Japan (thousand ¥/kl) 100 75 50 25 0 3/16 3/17 3/18 3/19 3/20 3/21 3/22 3/23 3/24 3/25 (FY) Coal prices (Australian thermal coal market prices) ($/t) 500 400 300 200 100 0 3/16 3/17 3/18 3/19 3/20 3/21 3/22 3/23 3/24 3/
Slide 27: Main Action Plan by Segment (FY 3/26)
Main Action Plan by Segment (FY 3/26) Segment Action Improve profitability of packaging film and further expand industrial film - Packaging film: Review production system. Increase operation rate of the new production equipment. Films Improve profitability (become profitable) through price revisions
Slide 28: Main Factors for Changes in Operating Profit (Compared to the Previous Quarter)
Main Factors for Changes in Operating Profit (Compared to the Previous Quarter) (¥ bn.) Q3 Q4 Segment QOQ Main factors for changes FY 3/25 FY 3/25 (＋) Mold releasing film for MLCC: Decrease in costs for launching new equipment (temporary) Films 0.8 3.1 +2.3 (＋) Packaging film: Product price revision
Slide 29: Please Note
Please Note The business performance forecasts and targets included in the business plans contained in this presentation are based on information known to the Company’s management as of the day of presentation. Please be aware that the content of the future forecasts may differ significantly from ac
Slide 30: ©️ TOYOBO CO., LTD. All rights reserved.
©️ TOYOBO CO., LTD. All rights reserved.