Toyo Engineering Corporation · TSE:6330
Toyo Engineering — FY2008 Earnings Presentation
21 slides from Toyo Engineering's earnings presentation, May 14, 2009
Slide 1: Outline of Financial Results, Fiscal Year 2008
Fiscal year 2008 (March (March 31, 31, 2009) 2009) OUTLINE OF FINANCIAL RESULTS May 14, 2009
Slide 2: Contents
©2009 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
©2009 Performance summary ¾ Operating and ordinary income marked record high. ¾ Not reached of new order’s target due to global financial crisis. < Billion yen > Forecast Achieve- 2008/3 2009/3 Difference Difference 2009/3 ment Net sales 327.4 326.2 (1.2) -0% 330.0 (3.8) 99% Gross profit 34.4 34.7 0
Slide 4: Income statement
©2009 Income statement < Billion yen > 2008/3 2009/3 Difference Forecast Billions of Billions of Billions of Difference % % 2009/3 yen yen yen Net sales 327.4 100.0 326.2 100.0 (1.2) 330.0 (3.8) Cost of sales 292.9 89.5 291.4 89.3 1.5 Gross profit 34.4 10.5 34.7 10.7 0.3 35.0 (0.3) Selling, general
Slide 5: Net sales
©2009 Net sales < Billion yen > 327.4 326.2 Compared with forecast for 2009/3 Forecast 2009/3 Difference Achievement EPC 311.6 306.9 (4.7) 98% IT 14.5 15.8 1.3 109% 223.8 Real estate 3.9 3.5 (0.4) 90% 195.5 200.0 Total 330.0 326.2 (3.8) 99% (1.2) -0% Compared with last fiscal year (126.2) -39% 2008/
Slide 6: Net sales: breakdown by region
©2009 Net sales < Billion yen > 2009/3 Net sales : 326.2 billion yen Breakdown by region Japan Overseas 254.5 billion yen 78% Southwest Asia, Southeast Asia Central and South America China 71.7 Middle East and Africa 45.8 15.7 106.3 8.0 22% 74.4 14% 5% 33% 2% 23% Russia and Central Asia Others 4.3 1
Slide 7: Net sales: breakdown by region and segment
©2009 Net sales < Billion yen > 327.4 326.2 327.4 326.2 Breakdown by Breakdown by region segment details 223.8 223.8 195.5 195.5 2006/3 2007/3 2008/3 2009/3 2006/3 2007/3 2008/3 2009/3 Japan 63.1 77.2 70.8 71.7 Chemical fertilizers 15.3 6.5 6.4 22.5 Southeast Asia 8.4 10.5 34.1 45.8 Petrochemicals 4
Slide 8: Gross profit
©2009 Gross profit < Billion yen > Gross profit rate 34.7 14.0% 34.4 28.0 10.7% 10.5% 9.9% 22.2 9.1% 17.8 +0.3 +1% 2006/3 2007/3 2008/3 2009/3 2010/3 Forecast (6.7) -19% Compared with forecast for 2009/3 Forecast 2009/3 Difference Achievement 35.0 34.7 (0.3) 99% Compared with last fiscal year Foreca
Slide 9: Operating income
©2009 Operating income < Billion yen > Operating income rate 15.1 4.6% 4.2% 4.0% 13.7 3.1% 2.1% 8.0 6.8 +1.4 +10% 2006/3 2007/3 2008/3 2009/3 2010/3 Forecast 4.2 (7.1) -47% Compared with forecast for 2009/3 Forecast 2009/3 Difference Achievement EPC 12.9 13.3 0.4 103% IT 0.85 0.7 (0.15) 82% Forecast
Slide 10: Ordinary income
©2009 Ordinary income < Billion yen > Ordinary income rate 4.9% 4.9% 16.0 16.1 3.2% 4.0% 2.2% +0.1 +1% 8.0 2006/3 2007/3 2008/3 2009/3 2010/3 7.2 Forecast 4.2 (8.1) Compared with forecast for 2009/3 -50% Forecast 2009/3 Difference Achievement 16.5 16.1 (0.4) 98% Compared with last fiscal year Foreca
Slide 11: Net income
©2009 Net income < Billion yen > Net income rate & Return on Equity (ROE) 8.0 15.5% ROE 12.8% 11.7% 6.5 10.8% 5.2 5.0 Net income rate 2.4% 2.5% 2.0% 2.5% 1.7% (1.5) 3.3 -19% 2006/3 2007/3 2008/3 2009/3 2010/3 Forecast (1.5) Compared with forecast for 2009/3 -23% Forecast 2009/3 Difference Achievemen
Slide 12: Balance sheet
©2009 Balance sheet < Billion yen > Assets 2008/3 2009/3 Difference Liabilities and net assets 2008/3 2009/3 Difference Current assets 226.2 149.1 (77.1) Current liabilities 191.7 110.4 (81.3) Cash and deposits 34.3 33.1 (1.2) Short-term interest bearing debt 9.8 6.1 (3.7) Marketable securities 52.9
Slide 13: Interest bearing debt balance
©2009 Interest bearing debt balance < Billion yen > 47.3 39.1 Forecast Consolidated subsidiaries 17.5 34.6 33.0 12.8 28.3 15.8 14.0 14.5 (6.3) +4.7 * Interest bearing Non-consolidated 29.8 26.3 debt includes Lease 18.8 19.0 obligation since 13.8 2008/3. 2006/3 2007/3 2008/3 2009/3 2010/3 Interest be
Slide 14: Cash flows
©2009 Cash flows < Billion yen > 60.0 Cash flows 50.0 40.0 30.0 20.0 10.0 0.0 (10.0) (20.0) (30.0) 2005/4 - 2006/3 2006/4 - 2007/3 2007/4 - 2008/3 2008/4 - 2009/3 Operating activities (5.5) 50.9 25.2 (8.9) Investing activities (4.5) (5.4) (5.2) (4.9) Financing activities (7.5) 1.4 (9.0) (8.3) Net in
Slide 15: New orders
©2009 New orders 2009/3 New orders : 119.2 billion yen ¾ Not reached of target for 2009/3 (220 billion yen) due to global financial crisis. Compared with target for 2009/3 Target 2009/3 Difference Achievement Japan 57.0 56.6 (0.4) 99% < Billion yen > 354.9 Overseas 163.0 62.6 (100.4) 38% Total 220.0
Slide 16: New orders: breakdown by region and segment
©2009 New orders < Billion yen > 354.9 354.9 Breakdown by Breakdown by region segment details 268.6 268.6 257.8 257.8 119.2 119.2 2006/3 2007/3 2008/3 2009/3 2006/3 2007/3 2008/3 2009/3 Japan 74.1 68.1 71.1 56.6 Chemical fertilizers 4.4 6.0 64.7 19.1 Southeast Asia 4.9 89.9 19.8 4.1 Petrochemicals 8
Slide 17: Backlog of contracts
©2009 Backlog of contracts < Billion yen > 499.2 499.2 Breakdown by Breakdown by region 444.4 segment details 444.4 373.5 373.5 224.4 224.4 2006/3 2007/3 2008/3 2009/3 2006/3 2007/3 2008/3 2009/3 Japan 65.8 59.5 63.5 51.1 Chemical fertilizers 10.1 9.7 67.6 62.4 Southeast Asia 3.3 82.7 67.6 22.6 Petr
Slide 18: Forecast
©2009 Forecast < Billion yen > Forecast for 2010/3 2009/3 Forecast for breakdowns First half Full year by segment Net sales 326.2 100.0 200.0 First Full Net sales half year Gross profit 34.7 12.0 28.0 EPC 94.3 185.3 Gross profit rate 10.7% 12.0% 14.0% IT 4.1 11.5 Real estate 1.6 3.2 Operating income
Slide 19: Reference: Subsidiaries information
©2009 - Reference - Subsidiaries information Results of major subsidiaries and affiliates Business Net sales Capital Share fields 2009/3 Consolidated subsidiaries Billion yen % Billion yen Japan Toyo Business Engineering Corporation IT 0.7 51 13.9 Japan TEC Estate, Ltd. Real Estate 6.0 100 2.6 Japan
Slide 20: Reference: Historical data
©2009 - Reference - Historical data Forecast 2006/3 2007/3 2008/3 2009/3 2010/3 Net sales Billion yen 195.5 223.8 327.4 326.2 200.0 Gross profit Billion yen 17.8 22.2 34.4 34.7 28.0 Gross profit rate % 9.1% 9.9% 10.5% 10.7% 14.0% Operating income Billion yen 4.2 6.8 13.7 15.1 8.0 Operating income ra
Slide 21: Contact
For further questions on this material, please contact ; URL http://www.toyo-eng.co.jp Kunihiko MIYAWAKI IR Manager Corporate Planning & Administration Unit 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 o