Toyo Gosei Co., Ltd. · TSE:4970
Toyo Gosei — Q1 FY2023 Earnings Presentation
10 slides from Toyo Gosei's earnings presentation, Aug 10, 2023
Slide 1: Business Results for the First Quarter of Fiscal Year Ending March 31, 2024
Business Results for the First Quarter of Fiscal Year Ending March 31, 2024 (April 1, 2023 – June 30, 2023) August 10, 2023 1
Slide 2: Financial Results for the Q1 FY2023
Financial Results for the Q1 FY2023 • Net sales decreased by 1,621million yen YOY due to inventory adjustments in the semiconductor market. • Operating profit decreased by 631million yen YOY due to lower sales in addition to higher fuel and electricity costs, and higher fixed costs due to increased
Slide 3: Quarterly Sales & Operating profit Trend
Quarterly Sales & Operating profit Trend • Inventory adjustments in the semiconductor market are protracted. • After peaking in Q4 FY2021 and Q1 FY2022, sales will continue to decline. (Million yen) Quarterly Sales & Operating profit Trend (Million yen) 10,000 2,000 Net sales Operating profit 8,000
Slide 4: Variance Analysis: Operating profit
Variance Analysis: Operating profit • Decrease of 0.63 billion yen YoY due to lower sales resulting from inventory adjustments in the semiconductor market, higher fuel and electricity costs and etc., as well as higher fixed costs resulting from increased production capacity. (Billion yen) +0.27 (0.6
Slide 5: Photosensitive Materials Segment
Photosensitive Materials Segment Net sales & Operating profit (Million yen) (Million yen) 7,000 Net sales 1,400 Net sales: ¥4,832 Million Operating profit 6,000 1,200 YoY: −¥678 Million, −12% 5,511 5,442 • Demand for semiconductor materials was sluggish due to 998 4,970 4,930 5,000 4,832 1,000 inven
Slide 6: Chemicals Segment
Chemicals Segment Net sales & Operating profit (Million yen) Net sales (Million yen) 4,000 800 3,721 Operating profit 3,350 Net sales: ¥2,778 Million 3,262 YoY: −¥942 Million, −25% 2,966 3,000 2,778 600 • Sales of electronic materials decreased due to prolonged inventory adjustments in the market. •
Slide 7: Q1 FY 2023 Income Statement
Q1 FY 2023 Income Statement • Net sales decreased by 1,621million yen YOY due to inventory adjustments in the semiconductor market. • Ordinary profit decreased by 967 million yen due to the impact of -329 million yen in foreign exchange gains. Q1 FY2022 Q1 FY2023 Change % (Million yen) Results Resul
Slide 8: Q1 FY2023 Balance sheet
Q1 FY2023 Balance sheet • Inventories increased by 504 million yen due to lower sales resulting from inventory adjustments in the semiconductor market and an increase in raw materials. • Accounts payable decreased by 800 million yen due to lower sales. • Borrowings increased by 1,213 million yen due
Slide 9: Forecast and Progress for the H1 FY2023
Forecast and Progress for the H1 FY2023 • H1 progress ratio is 48% for net sales, 64% for operating profit, and 66% for ordinary profit. • Inventory adjustments will continue in the first half, and a gradual recovery is expected from the second half and beyond. H1 FY2023 Q1 FY2023 Progress Ratio (Mi
Slide 10: Individual Development, to the global Chemical
Individual Development, to the global Chemical (NB) The forecasts made in this document contain a variety of uncertain factors since it has been prepared based on judgments from information that is currently available. Therefore, actual business results may differ from those projected, depending on