Slide 1: Financial Results for 2Q FY2019
Financial Results for 2Q FY2019 August 8, 2019 This document is a translation of the official Japanese version provided for information purpose only.
Slide 2: Overview of Results for 2nd Quarter of FY2019
Overview of Results for 2nd Quarter of FY2019 Scope of consolidation Number of consolidated subsidiaries: 21 (no change) Number of equity-method affiliates: 2 (no change) 2018 2Q 2019 2Q Change (Millions of Net sales yen) 73,148 72,023 -1,124 -1.5% (Millions of Operating income yen) 7,801 7,305 -495
Slide 3: Summary of Financial Results for 2nd Quarter of FY2019
Summary of Financial Results for 2nd Quarter of FY2019 ＜Business Environment＞ Although the Japanese economy remained solid, the uncertainty about the global economy increased, due to the prolonged trade war between the U.S. and China, among other factors. A heightened sense of caution about the ou
Slide 4: Consolidated Results (by Segment)
Consolidated Results (by Segment) Net sales (by consolidated segment) (Millions of yen) Changes in net sales 2018 2Q 2019 2Q Volume Unit price Change Commodity Chemicals 33,887 32,692 -1,702 507 -1,195 Polymer & Oligomer 14,531 14,566 -284 319 35 Adhesive Material 5,849 5,475 -443 70 -373 Performanc
Slide 5: Other Income/Expenses and Extraordinary Income/Loss (Consolidated)
Other Income/Expenses and Extraordinary Income/Loss (Consolidated) [Other income/expenses] [Extraordinary income/loss] (Millions of yen) (Millions of yen) 2018 2Q 2019 2Q Change 2018 2Q 2019 2Q Change Interest and dividend income 465 644 179 Gain on sales of 5 3 -2 non-current assets Equity in earni
Slide 6: Consolidated Balance Sheet
Consolidated Balance Sheet (Millions of yen) Dec. 31, Jun. 30, Change 2018 2019 [Balance Sheet] Cash and deposits 32,676 36,386 3,710 Notes and accounts ①Non-current assets increased because receivable 45,154 41,245 -3,909 of active capital investment, among other Securities 46,000 44,000 -2,000 fac
Slide 7: Overview of Consolidated Subsidiaries
Overview of Consolidated Subsidiaries (Results for 2nd Quarter of FY2019) (Millions of yen) Net income (loss) Ownership Net sales Operating income (loss) attributable to owners of Company name Segment (%) parent 2018 2Q 2019 2Q 2018 2Q 2019 2Q 2018 2Q 2019 2Q Commodity 1 Toa Techno-Gas Chemicals 100
Slide 8: Challenges in 2nd Half of FY2019
Challenges in 2nd Half of FY2019 There has been a growing sense of economic slowdown in Japan and overseas in the second quarter, and concerns over economic downturn have become more serious in the third quarter. 1. Respond flexibly to changes in the business environment 2. Concentrate management re
Slide 9: Consolidated Results Forecast for FY2019
Consolidated Results Forecast for FY2019 (Millions of yen) FY2019 2H FY2019 forecast Change FY2018 (A) FY2019 1H (forecast) (B) (B-A) Net sales 150,066 72,023 76,976 149,000 -1,066 Operating income 16,408 7,305 8,694 16,000 -408 Operating income ratio 10.9% 10.1% 11.3% 10.7% -0.2% Other income/expen
Slide 10: Consolidated Results Forecast for FY2019 (by Segment)
Consolidated Results Forecast for FY2019 (by Segment) Net sales (Millions of yen) FY2018 FY2019 Change Factors for change results forecast Commodity [Increase] Sodium hypochlorite Chemicals 69,908 67,000 -2,908 [Decrease] Acrylic monomer, industrial gases Polymer & [Increase] Acrylic polymer, floccu
Slide 11: Historical Consolidated Results
Historical Consolidated Results (Millions of yen) (Yen) * The Company conducted a 1-for-2 stock consolidation of its common stock whose effective date was July 1, 2015. Net income per share is calculated based on the assumption that the stock consolidation was conducted at the beginning of each fisc
Slide 12: Reference for Consolidated Performance
Reference for Consolidated Performance (Billions of yen) FY2019 FY2015 FY2016 FY2017 FY2018 forecast Capital investment (acceptance basis) 5.8 5.1 10.0 12.5 15.8 Capital investment (approval basis) 4.8 13.2 22.1 17.0 16.0 Depreciation and amortization 8.8 7.9 7.9 8.3 9.3 Research and development exp
Slide 13: Historical Reference for Consolidated Performance
Historical Reference for Consolidated Performance (Millions of yen) (Millions of yen) 77.8% 77.3% 76.8% 76.5% 76.3% * “Partial Amendments to Accounting Standard for Tax Effect Accounting,” etc. have been applied since 2019. These partial amendments have been retrospectively applied to shareholders’
Slide 14: Operating Income Trend for High-Value-Added Products and Commodity Products
Operating Income Trend for High-Value-Added Products and Commodity Products (Billions of yen) High-value-added products Commodity products 18.0 17.5 16.1 16.4 16.0 14.5 5.5 6.8 3.8 5.9 Commodity 12.0 12.3 7.1 producdts 6.7 6.5 IH 3.1 3.6 2.9 4.9 12.5 High-value 10.2 10.7 8.4 9.2 9.3 -added products
Slide 15: Business Status (Polymer & Oligomer Segment)
Business Status (Polymer & Oligomer Segment) Development of “CXP,” a soil improvement agent as a measure against liquefaction We developed “CXP,” a complex polymer-based soil improvement agent in collaboration with KONOIKE CONSTRUCTION CO., LTD. It has higher durability and quicker hardening than a
Slide 16: Business Status (Adhesive Material Segment)
Business Status (Adhesive Material Segment) An Aron Alpha online short video to empower youths received five advertising awards in six categories Animated promotional videos aimed at young people were big hits last year. In particular, Version 1 “Kimi ni, Kuttsuke!” was highly regarded for its “fun,
Slide 17: Business Status (Performance Chemicals Segment/Plastics Segment)
Business Status (Performance Chemicals Segment/Plastics Segment) Performance Chemicals Segment Completion of reinforcement of large container filling facilities for high-purity liquefied hydrogen chloride In order to respond to robust demand for semiconductor and the Business Continuity Plan, we bui
Slide 18: Toagosei Group Topics in 1st Half of FY2019 (1)
Toagosei Group Topics in 1st Half of FY2019 (1) Status of progress on Toagosei Thailand Project Phase 1 Acrylic polymer plant: Commercial production started Phase 2 Elastomer compound plant: Construction work in progress We started shipping high-function acrylic polymers in April 2019. We have promo
Slide 19: Toagosei Group Topics in 1st Half of FY2019 (2)
Toagosei Group Topics in 1st Half of FY2019 (2) Takaoka Creation Laboratory to be newly built New base for development of adhesive agents scheduled for completion in the fall of 2020 It will be established for the purpose of reinforcing and expediting the development function of adhesive agent produ
Slide 20: Toagosei Group Topics in 1st Half of FY2019 (3)
Toagosei Group Topics in 1st Half of FY2019 (3) Recognized as a Certified Health & Productivity Management Organization (White 500) Promotion of maintenance and improvement of employee health. The Group has set a goal of promoting health & productivity management, and has been promoting efforts to m