Toyota Boshoku Corp. · TSE:3116
Toyota Boshoku — Q3 FY2020 Earnings Presentation
26 slides from Toyota Boshoku's earnings presentation, February 2020
Slide 1: FY2020 3rd Quarter Financial Results
FY2020 3rd Quarter Financial Results Ended Dec 31, 2019
Slide 2: Financial Results
Financial Results 1. 3rd Quarter FY2020 Financial Results 2. FY2020 Financial Forecasts 3. Appendix
Slide 3: 3rd Quarter FY2020 Financial Results
Financial Results 1. 3rd Quarter FY2020 Financial Results 2. FY2020 Financial Forecasts 3. Appendix
Slide 4: 3Q FY2020 Overview of Consolidated Financial Results
1-1) 3Q FY2020 Financial Results Overview of Consolidated financial Results (IFRS) (IFRS) (100 million yen) 3Q 3Q YOY Change FY2019 FY2020 Revenue 10,510 100.0% 10,581 100.0% 71 0.7% Operating Profit 457 4.4% 399 3.8% -57 -12.7% Profit before income taxes 466 4.4% 409 3.9% -56 -12.2% Profit* 219 2.1
Slide 5: FY2019 Operating Profit (JGAAP×IFRS)
1-2) 3Q FY2020 Financial Results FY2019 Operating Profit (JGAAP×IFRS) With optional application of IFRS started in the end of FY2019, figures for FY2019 have been replaced with IFRS-based figures. Major impacts of the change of the standard in the 3Q by region are as follows: (100 million yen) F
Slide 6: Unit Production by Region
1-3) 3rd Quarter FY2020 Financial Results Unit Production by Region Total By Region (10,000 units) (10,000 units) YOY Change +29 3Q 3Q Pct Change +5.2% FY2019 FY2020 584 555 +22 +9.5% +1 +10 +0.3% 248 -4 226 +12.4% 180 180 -5.5% 84 94 65 62 3Q FY2019 3Q FY2020 Japan The Americas Asia & Europe & Ocea
Slide 7: Consolidated Revenue & Operating Profit
1-4) 3rd Quarter FY2020 Financial Results Consolidated Revenue & Operating Profit Despite volume increase, profit decreased due to model mix change and increased overhead costs for the future, as well as the impact of the fund leakage incident in Europe. Volume & Model mix Operating Profit Variance
Slide 8: Japan Revenue & Operating Profit
1-4) 3rd Quarter FY2020 Financial Results Japan Revenue & Operating Profit Higher profit due to volume increase, in addition to influence of adjustment for transfer price tax last year in spite of increased expenses and other negative factors Volume & Model mix Operating Profit Variance Analysis +21
Slide 9: The Americas Revenue & Operating Profit
1-4) 3rd Quarter FY2020 Financial Results The Americas Revenue & Operating Profit Lower Profit due to model mix change and higher start-up costs as well as adjustment for transfer price tax last year, despite volume increase in North America Volume & Model mix Operating Profit Variance Analysis +105
Slide 10: Asia & Oceania Revenue & Operating Profit
1-4) 3rd Quarter FY2020 Financial Results Asia & Oceania Revenue & Operating Profit Higher Profit due to influence of adjustment for transfer price tax last year, despite changes in product prices, increased expenses, and other negative factors Volume & Model mix Operating Profit Variance Analysis +
Slide 11: Europe & Africa Revenue & Operating Profit
1-4) 3rd Quarter FY2020 Financial Results Europe & Africa Revenue & Operating Profit Lower Profit due to volume decrease and higher start-up costs, as well as impact of the fund leakage incident in Europe Volume & Model mix Operating Profit Variance Analysis -36 (100 million yen) 654 ＜-5.5%＞ (1,000
Slide 12: FY2020 Financial Forecasts
Financial Results 1. 3rd Quarter FY2020 Financial Results 2. FY2020 Financial Forecasts 3. Appendix
Slide 13: Overview of Consolidated Financial Forecasts
2-1) FY2020 Financial Forecasts Overview of Consolidated Financial Forecasts [IFRS] [IFRS] (100 million yen) [IFRS] FY2019 results FY2020 forecasts YOY Change FY2020 forecasts (Latest) (2Q announced) Revenue 14,173 100.0% 14,000 100.0% -173 -1.2% 13,900 100.0% Operating Profit 612 4.3% 530 3.8% -82
Slide 14: Seat Assembly Production by Region
2-2) FY2020 Financial Forecasts Seat Assembly Production by Region Total By Region (10,000 units) (10,000 units) +26 YOY Change +3.4% FY2019 FY2020 Pct Change 751 776 +13 +4.3% +0 +0.1% +16 316 329 +14.1% -4 235 235 -4.1% 127 111 89 85 Asia & Europe & FY2019 FY2020 Japan The Americas Oceania Africa
Slide 15: Consolidated Revenue & Operating Profit Forecast
2-3) FY2020 Financial Forecasts Consolidated Revenue & Operating Profit Lower profit due to product and model mix change and increased overhead costs for the future, as well as impact of the fund leakage incident in Europe, in spite of volume increase mainly in Japan and North America Volume & Model
Slide 16: Revenue & Operating Profit by Region: Japan, The Americas
2-4) FY2020 Financial Forecasts Revenue & Operating Profit by Region Japan The Americas Higher profit due to volume increase and impact of Lower profit due to product and model mix change, adjustment for transfer price tax last year in spite of start-up costs increase, and impact of adjustment for p
Slide 17: Revenue & Operating Profit by Region: Asia & Oceania, Europe & Africa
2-4) FY2020 Financial Forecasts Revenue & Operating Profit by Region Asia & Oceania Europe & Africa Higher profit due to impact of adjustment for transfer Lower profit due to volume decrease and higher price tax last year in spite of product and model mix strat-up costs as well as impact of the fund
Slide 18: FY2020 Financial Forecasts by Half Year
2-5) FY2020 Financial Forecasts by Half Year Revenue (100 million yen) FY2020 1st Half (actual) 2nd Half Full Year Japan 3,980 3,719 7,700 The Americas 1,450 1,449 2,900 Asia & Oceania 1,766 1,733 3,500 Europe & Africa 426 473 900 Consolidated Total 7,147 6,852 14,000 Operating Profit (100 million y
Slide 19: Returning to Shareholders
2-6) FY2020 Financial Forecasts Returning to Shareholders For FY2020, we plan to pay an annual per-share dividend of 56 yen, same as FY2019. We keep long-term sustainable dividends, comprehensively taking our consolidated financial results into account. Trends in dividend, operating profit, and
Slide 20: Appendix
Financial Results 1. 3rd Quarter FY2020 Financial Results 2. FY2020 Financial Forecasts 3. Appendix
Slide 21: Quarterly Trends: Consolidated
3-1) Quarterly Trends: Consolidated volume, revenue, operating profit, operating profit ratio Seat Assembly Production Seat Assembly Production / Revenue (100 million yen) Revenue JGAAP ◀ ▶ IFRS (10,000 units) 195 201 193 192 184 189 183 183 188 186 183 191 190 175 178 181 200 〔IFRS〕 〔3,663〕 160 5,0
Slide 22: Quarterly Trends: Japan
3-2) Quarterly Trends: Japan volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue 4,000 (100 million yen) 90 100 83 82 83 85 84 82 81 79 78 74 77 75 76 73 73 1,981 2,086 1,984 2,003 2,063 2,076 1,890 1,800 1,851 1,773 1,840 1,903 1,846 1,874 2,000 1,645 1,713
Slide 23: Quarterly Trends: The Americas
3-3) Quarterly Trends: The Americas volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue 2,000 (100 million yen) 50 34 33 31 31 30 30 32 27 29 28 29 29 28 29 27 27 1,000 863 796 730 701 750 691 702 715 723 724 726 660 630 664 651 653 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4
Slide 24: Quarterly Trends: Asia & Oceania
3-4) Quarterly Trends: Asia & Oceania volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue 2,000 (100 million yen) 80 61 62 59 62 57 58 56 59 53 53 54 54 55 55 55 52 1,000 863 892 851 908 929 892 874 928 40 815 779 821 828 840 829 840 805 0 0 1Q 2Q 3Q 4Q 1Q 2Q
Slide 25: Quarterly Trends: Europe & Africa
3-5) Quarterly Trends: Europe & Africa volume, revenue, operating profit, operating profit ratio Seat Assembly Production / Revenue 1,000 (100 million yen) 40 23 23 23 23 23 24 24 22 21 22 21 19 20 19 16 16 243 282 259 250 271 240 224 241 225 242 229 232 235 239 201 194 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1
Slide 26: Disclaimer
Tackle the challenges together to a new century Open the door! Disclaimer The forecasts relating to future business performance provided in this report are estimates made by the Company based on the information available at the time of reporting, and therefore involve risks and uncertainties. Accord