Toyo Engineering Corporation · TSE:6330
Toyo Engineering — FY2010 Earnings Presentation
21 slides from Toyo Engineering's earnings presentation, May 13, 2011
Slide 1: Outline of Financial Results, Fiscal Year 2010
Fiscal year 2010 (March (March 31, 31, 2011) 2011) OUTLINE OF FINANCIAL RESULTS May 13, 2011
Slide 2: Contents
©2011 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
©2011 Performance summary ¾ Compared with last fiscal year : Decreased in revenue and income, but increased in new orders. ¾ Compared with the target : Decreased in revenue but increased in income and dividend. < Billion yen > Forecast Achieve- 2010/3 2011/3 Difference Difference 2011/3 ment Net sal
Slide 4: Income statement
©2011 Income statement < Billion yen > 2010/3 2011/3 Difference Forecast Difference Billions of % Billions of % Billions of 2011/3 yen yen yen Net sales 173.9 100.0 155.6 100.0 (18.3) 160.0 (4.4) Cost of sales 140.9 81.0 129.1 83.0 11.8 Gross profit 32.9 19.0 26.5 17.1 (6.4) 25.0 1.5 Selling, genera
Slide 5: Net sales
©2011 Net sales < Billion yen > 326.2 Compared with forecast for 2011/3 327.4 2011/3 Difference Achievement Forecast Result EPC 146.0 141.7 (4.3) 97% IT 11.1 11.0 (0.1) 99% Real estate 2.9 2.9 0.0 100% 173.9 180.0 Total 160.0 155.6 (4.4) 97% 155.6 Compared with last fiscal year 2010/3 2011/3 Differe
Slide 6: Net sales: breakdown by region and segment
©2011 Net sales < Billion yen > 2011/3 Net sales : 155.6 billion yen Breakdown by region Japan Overseas 100.2 billion yen 64% Southeast Southwest Asia, Central and South America China 55.4 Asia Middle East 39.0 17.3 36% 15.3 and Africa 25% 11% 10% 24.5 16% Russia and Central Asia 1.6 1% Others 2.5 1
Slide 7: Net sales: regional and segment details
©2011 Net sales < Billion yen > 327.4 326.2 327.4 326.2 Breakdown by Breakdown by region segment details 173.9 173.9 155.6 155.6 2008/3 2009/3 2010/3 2011/3 2008/3 2009/3 2010/3 2011/3 Japan 70.8 71.7 50.9 55.4 Chemical fertilizers 6.4 22.5 24.3 10.8 Southeast Asia 34.1 45.8 22.2 15.3 Petrochemicals
Slide 8: Gross profit
©2011 Gross profit < Billion yen > Gross profit rate 34.4 34.7 19.0% 17.1% 32.9 13.3% 26.5 10.5% 10.7% 24.0 2008/3 2009/3 2010/3 2011/3 2012/3 Forecast Compared with forecast for 2011/3 2011/3 Difference Achievement Forecast Result 25.0 26.5 +1.5 106% Compared with last fiscal year Forecast 2008/3 2
Slide 9: Operating income
©2011 Operating income < Billion yen > Operating income rate 15.1 7.5% 13.7 4.6% 13.0 4.2% 4.4% 1.4% 6.8 2008/3 2009/3 2010/3 2011/3 2012/3 Forecast Compared with forecast for 2011/3 2.5 2011/3 Difference Achievement Forecast Result EPC 3.7 5.6 1.9 151% Forecast IT 0.2 0.2 0.0 100% 2008/3 2009/3 201
Slide 10: Ordinary income
©2011 Ordinary income < Billion yen > Ordinary income rate 8.3% 16.0 16.1 4.9% 4.9% 14.4 4.5% 1.1% 2008/3 2009/3 2010/3 2011/3 2012/3 Forecast 7.0 Compared with forecast for 2011/3 2011/3 Difference Achievement 2.0 Forecast Result 4.5 7.0 +2.5 156% Compared with last fiscal year Forecast 2008/3 2009
Slide 11: Net income
©2011 Net income < Billion yen > Net income rate 8.0 7.1 4.1% 6.5 2.5% 2.4% 2.0% 0.3% 3.7 2008/3 2009/3 2010/3 2011/3 2012/3 Forecast Compared with forecast for 2011/3 0.5 2011/3 Difference Achievement Forecast Forecast Result 2008/3 2009/3 2010/3 2011/3 2012/3 2.5 3.7 +1.2 148% Compared with last f
Slide 12: Balance sheet
©2011 Balance sheet < Billion yen > Assets 2010/3 2011/3 Difference Liabilities and net assets 2010/3 2011/3 Difference Current assets 141.6 148.6 +7.0 Current liabilities 90.6 105.2 +14.6 Cash and deposits 36.8 45.0 +8.2 Short-term interest bearing debt 8.2 20.2 +12.0 Marketable securities 37.9 43.
Slide 13: Interest bearing debt balance
©2011 Interest bearing debt balance < Billion yen > 36.6 34.6 31.9 28.3 13.9 Consolidated subsidiaries 15.8 13.6 14.5 +4.7 22.7 Non-consolidated 18.8 18.3 13.8 2008/3 2008/3 2009/3 2009/3 2010/3 2010/3 2011/3 2011/3 Interest bearing debt ratio (%) Debt equity ratio (times) Net debt (billion yen) 18.
Slide 14: Cash flows
©2011 Cash flows < Billion yen > 30.0 Cash flows 20.0 10.0 0.0 (10.0) (20.0) (30.0) 2007/4 - 2008/3 2008/4 - 2009/3 2009/4 - 2010/3 2010/4 - 2011/3 Operating activities 25.2 (8.9) 10.8 11.3 Investing activities (5.2) (4.9) (0.6) (1.3) Financing activities (9.0) (8.3) 2.2 3.8 Net increase / decrease
Slide 15: New orders
©2011 New orders 2011/3 New orders : 222.5 billion yen < Billion yen > Compared with target for 2011/3 280.0 2011/3 268.6 Difference Achievement Target Result Japan 56.0 38.9 (17.1) 69% 60.0 Overseas 224.0 183.6 (40.4) 82% Japan 71.1 222.5 Total 280.0 222.5 (57.5) 79% 38.9 Major contracts Over 10 bi
Slide 16: New orders by region and segment
©2011 New orders < Billion yen > Breakdown by Breakdown by region 268.6 segment details 268.6 222.5 222.5 132.4 132.4 119.2 119.2 2008/3 2009/3 2010/3 2011/3 2008/3 2009/3 2010/3 2011/3 Japan 71.1 56.6 39.9 38.9 Chemical fertilizers 64.7 19.1 4.8 34.9 Southeast Asia 19.8 4.1 4.0 114.6 Petrochemicals
Slide 17: Backlog of contracts
©2011 Backlog of contracts < Billion yen > Breakdown by Breakdown by region 444.4 segment details 444.4 224.4 224.6 224.4 224.6 168.1 168.1 2008/3 2009/3 2010/3 2011/3 2008/3 2009/3 2010/3 2011/3 Japan 63.5 51.1 36.2 21.3 Chemical fertilizers 67.6 62.4 33.9 55.4 Southeast Asia 67.6 22.6 2.8 101.8 Pe
Slide 18: Forecast
©2011 Forecast < Billion yen > Forecast for 2012/3 2011/3 First half Full year Forecast for breakdowns by segment Net sales 155.6 80.0 180.0 First Full Net sales Gross profit 26.5 9.5 24.0 half year EPC 73.1 165.8 Gross profit rate 17.1% 11.9% 13.3% IT 5.5 11.5 Operating income 6.8 (1.5) 2.5 Real es
Slide 19: Reference: Subsidiaries information
©2011 - Reference - Subsidiaries information Results of major subsidiaries and affiliates Business Net sales Capital Share fields 2011/3 Consolidated subsidiaries Billion yen % Billion yen Japan Toyo Business Engineering Corporation IT 0.7 51 11.1 Japan TEC Estate, Ltd. Real Estate 2.7 100 1.9 Japan
Slide 20: Reference: Historical data
©2011 - Reference - Historical data Forecast 2008/3 2009/3 2010/3 2011/3 2012/3 Net sales Billion yen 327.4 326.2 173.9 155.6 180.0 Gross profit Billion yen 34.4 34.7 32.9 26.5 24.0 Gross profit rate % 10.5% 10.7% 19.0% 17.1% 13.3% Operating income Billion yen 13.7 15.1 13.0 6.8 2.5 Operating income
Slide 21: Contact information
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