Toyota Tsusho Corp. · TSE:8015
Toyota Tsusho — Toyota Tsusho Corp Ord — Q4 2022 Earnings Presentation
23 slides from Toyota Tsusho's earnings presentation, Apr 27, 2023
Slide 1: Outline of Consolidated Results for FY2022 / Earning Forecast for FY2023
Outline of Consolidated Results for FY2022 Earning Forecast for FY2023 April 27th, 2023 Toyota Tsusho Corporation
Slide 2: Outline of Consolidated Results
Outline of Consolidated Results (Reference) FY2021 FY2022 Foreign Exchange Rate USD: 112yen 135yen EUR: 131yen 141yen （Unit︓Billion yen） YoY Excluding FY2021 FY2022 Variance FX Impact Results Results （ratio） （ratio） Revenue 8,028.0 9,848.5 ＋1,820.5 （＋23%） ＋880.3 （+11%） Gross profit 759.2 968.8 ＋209.
Slide 3: Profit (whole company)
Profit (whole company) (Reference) FY2021 FY2022 Foreign Exchange Rate USD: 112yen 135yen EUR: 131yen 141yen （Unit︓Billion yen） Africa ＋22.7 Automotive FY2021 Automotive ＋15.8 Retails Others FY2022 Markets ＋38.5 (10.9) /Prices ＋28.0 Forex Effect Demand Machinery, (104.6) ＋28.5 ＋10.5 /Trading Energy&
Slide 4: One-off Gains and Losses (Profit)
One-off Gains and Losses (Profit) （Unit︓Billion yen） FY2021 FY2022 ・(2Q)Gain on exclusion of equity for Metals +14.0 (1.0) ・(3Q) North resources business in South America, etc. +15.0 Loss on withdrawal of resources recycling business in ・(4Q)Impairment of fixed asset of resources recycling America -
Slide 5: Profit Analysis Results (Division)
Profit Analysis Results（Division） （Unit︓Billion yen） FY2021 FY2022 Variance Main Factor (Ratio) Metals 72.9 76.6 +3.7 ・Higher market prices and increase in trading volume of (+5%) automobile production related products in Asia/Oceania Global Parts 25.6 34.3 +8.7 ・Increase in trading volume of automo
Slide 6: Consolidated Financial Position
Consolidated Financial Position （Unit︓Billion yen） Mar.31, Mar.31, 2022 2023 Variance FX Impact Total Assets 6,143.1 6,377.0 +233.9 +180.7 （Inventory） 1,161.0 1,227.3 +66.3 +55.4 Net Worth 1,735.0 1,914.3 +179.3 Net Interest- bearing debt 1,238.2 1,298.3 ＋60.1 Net DER 0.71 0.68 (0.03) (times) Curren
Slide 7: Cash Flow
Cash Flow （Unit︓Billion yen） YoY FY2021 FY2022 Variance (ratio) Operating +394.1 50.1 444.2 C/F (+787%) Investing (157.3) (139.9) +17.4 C/F (11%) ※１．2 ※Dividend (46.4) (65.4) （19.0) Payment 1,2 (+41%) Free C/F After Dividend (153.6) 238.9 +392.5 (-) Payment ※1 ( ) represents an increase in investmen
Slide 8: FY2023 Forecast, Target
FY2023 Forecast , Target （Unit︓Billion yen） FY2022 FY2023 Variance （ratio） Results Forecast Gross Profit 968.8 950.0 (18.8) (2％) Operation Profit 388.7 400.0 ＋11.3 ＋3％ Profit 284.1 280.0 (4.1) (2％) More than Operating CF 444.2 400.0 More than Investing CF (139.9) (250.0) FY2022 FY2023 Results Target
Slide 9: Earning Forecast by Division for FY2023 (Profit)
Earning Forecast by Division for FY2023 (Profit) （Unit︓Billion yen） FY2022 FY2023 Variance Results Forecast Main factor （ratio） Metals 76.6 60.0 (16.6) (22%) ・Decrease profit due to market conditions will moderate. Global Parts 34.3 37.0 +2.7 ・Increase in trading volume of automotive parts & Logisti
Slide 10: Dividend Forecast
Dividend Forecast Shareholder We will endeavor to maintain a stable dividend and increase dividend per share, Returns Policy with a consolidated dividend payout ratio of 25% or more as a basic policy. FY2022 FY2023 Variance Interim 96yen 102yen +6yen Dividend End of term 106yen 102yen (4yen) per sha
Slide 11: Supplementary Materials of Financial Results
Supplementary Materials of Financial Results 11
Slide 12: Metals Division (Full Year Results)
Metals Division（Full Year Results） （Unit︓Billion yen） Main Factor of Operating Profit Variance Forex Effect ＋8.9 FY2021 FY2022 Prices North America ＋10.9 97.4 (20.8) Japan ＋3.9 India +0.6 (7.2) 80.1 76.6 72.9 China (3.5) ＋12.3 Others Demand North America (4.1) ＋17.3 ※ Japan Others /Trading Volume (3
Slide 13: Global Parts & Logistics Division (Full Year Results)
Global Parts & Logistics Division (Full Year Results) （Unit︓Billion yen） FY2021 FY2022 Main Factor of Operating Profit Variance 48.9 (14.6) (7.9) 33.5 Forex Effect ＋4.0 34.3 25.6 Demand /Trading Volume North America +6.5 Others ＋15.4 ※ Thailand ＋1.7 Others ※ Japan ＋1.5 Europe ＋0.7 +10.8 Others +0.6
Slide 14: Automotive Division (Full Year Results)
Automotive Division (Full Year Results) （Unit︓Billion yen） FY2021 FY2022 Main Factor of Operating Profit Variance 60.3 (14.6) Forex Effect ＋7.6 45.7 Demand <Sales> Asia/Oceania +4.6 (8.4) 36.9 /Trading Volume Others <Sales> Europe +4.3 ※ 28.5 ＋23.4 <Exports・Sales>Central South America +4.3 +15.8 Oth
Slide 15: Machinery, Energy & Project Division (Full Year Results)
Machinery, Energy & Project Division (Full Year Results) （Unit︓Billion yen） FY2021 FY2022 Main Factor of Operating Profit Variance （Unit︓Billion yen） 39.7 (7.1) Forex Effect (0.5) Demand 32.6 /Trading Volume +13.2 +17.1 21.2 (4.5) Renewable energy 25.7 Others Others ※ Replacement cost of domestic wi
Slide 16: Chemicals & Electronics Division (Full Year Results)
Chemicals & Electronics Division (Full Year Results) （Unit︓Billion yen） Main Factor of Operating Profit Variance FY2021 FY2022 Forex Effect ＋3.5 71.5 (23.6) Chemicals Chemical related +2.1 Automotive production related (0.9) +1.2 (15.9) 58.9 47.9 Electronics 43.0 In vehicle electronics related +5.7
Slide 17: Food & Consumer Services Division (Full Year Results)
Food & Consumer Services Division (Full Year Results) （Unit︓Billion yen） （Unit︓Billion yen） FY2021 FY2022 Main Factor of Operating Profit Variance (7.5) 12.9 Forex Effect ＋9.0 10.2 (0.7) 5.4 Prices Overseas grain subsidiary（3.7) 9.5 Others (2.7) Others Feed grains +1.5 (1.8) ※ ※ Demand /Trading Volu
Slide 18: Africa Division (Full Year Results)
Africa Division （Full Year Results） （Unit︓Billion yen） Main Factor of Operating Profit Variance FY2021 FY2022 Forex Effect ＋4.5 70.3 (34.0) Automotive <Sales> West Africa +12.8 <Sales>East/South Africa +6.2 <Production related>South Africa ＋3.5 +22.7 (25.3) 51.3 Non-Automotive Consumer goods (2.8) 3
Slide 19: Progress of Investment FY2022 results
Progress of Investment FY2022 results （Unit︓Billion yen） FY2022 Investing C/F Full year Cash Flows Amounts ■Vehicles for lease(CFAO) ■Sales business of industrial vehicle Free and warehouse equipment in South C/F Mobility 103.6 Africa(CFAO) After ■Automotive battery production Dividend business in N
Slide 20: Car Exports and Retail Sales Volume by Key Region and Country
Car Exports and Retail Sales Volume by Key Region and Country （Unit︓units） Export Volume by Region Retail Sales Volume by Region Region FY2021 FY2022 Variance Region FY2021 FY2022 Variance Asia & Oceania 48,002 56,066 +8,064 Asia & Oceania 33,487 36,954 ＋3,467 11,750 7,333 (4,417) Taiwan China , Hon
Slide 21: Basic Risk Management Policy
Basic Risk Management Policy （Unit︓Billion yen） Basic risk management policy 1) Keep total risk within risk-bearing capacity Risk Assets (RA) ＜ Risk Buffer (RB*1) 2) Earn returns commensurate with risk RVA*2＞0（ （after-tax ordinary income - RA× ×10%) *1 :RB＝Shareholders' equity＋Other components of ca
Slide 22: Financial Summary
Financial Summary （Unit︓Billion yen） J-GAAP IFRS FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 Net sale/ 7,743.2 8,663.4 8,170.2 5,797.3 6,491.0 6,762.7 6,694.0 6,309.3 8,028.0 9,848.5 Revenue (※) Profit (attributable to owners of the 73.0 67.5 (43.7) 107.9 130.2 132.6 135.5
Slide 23: Inquiries
Inquiries Toyota Tsusho Corporation Investor Relations Group E-mail ttc_ir@pp.toyota-tsusho.com Tokyo Head Office TEL +81-3-4306-8201 ◆ This presentation contains “forward-looking statements” about the strategies and plans of Toyota Tsusho Corporation and its Group companies that are not historical
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