Toyobo Co., Ltd. · TSE:3101
Toyobo — Q1 FY3/24 Earnings Presentation
20 slides from Toyobo's earnings presentation, Aug 7, 2023
Slide 1: Presentation to Investors for the First Quarter Ended June 30, 2023
August 2023. 8.7,7 2023 Presentation to Investors for the First Quarter Ended June 30, 2023 TOYOBO CO., LTD.
Slide 2: Highlights
Highlights Q1 FY 3/24 Results - Sales and operating profit decreased amid sluggish recovery in demand for packaging film combined with a downturn in sales of reagents for PCR testing, despite growth in sales of polarizer protective films for LCDs. Loss was ¥0.5 bn. Profit attributable to Net sales O
Slide 3: Summary of Results: P&L
Summary of Results: P&L (¥ bn.) FY 3/23 FY 3/24 YOY Q1 Q1 Amount % Net sales 101.0 97.1 - 4.0 - 3.9% Operating profit 4.6 -0.1 - 4.7 - (Ratio to sales) 4.6% -0.1% - - Ordinary profit 4.3 -0.3 - 4.6 - Extraordinary income 6.8 0.0 - 6.8 - Extraordinary losses 0.3 0.5 + 0.3 - Profit attributable to own
Slide 4: Analysis in Changes in Operating Profit
Analysis in Changes in Operating Profit 6.0 Raw materials and fuel costs 5.0 - 3.0 Prices Volume 4.0 + 2.2 - 3.0 3.0 （¥bn.） 2.0 4.6 Others 1.0 - 0.9 - 0.1 ( - 4.7 ) 0.0 - Reagents for PCR testing - Testing expenses - Packaging film - Development of the -1.0 - Mold releasing film for MLCC business ba
Slide 5: Summary of Results: BS
Summary of Results: BS (B) (A) (¥bn.) Mar. 31, 2022 Mar. 31, 2023 Jun. 30, 2023 (A) - (B) Total assets 517.8 588.9 569.5 - 19.4 Cash and deposits 27.2 60.7 30.7 - 30.1 Inventories 96.0 121.9 125.2 + 3.3 Property, plant and equipment 227.6 240.2 247.6 + 7.4 Net assets 197.1 221.4 219.9 - 1.5 Sharehol
Slide 6: Summary of Results: Segment
Summary of Results: Segment (¥bn.) Net sales Operating profit FY 3/23 FY 3/24 FY 3/23 FY 3/24 YOY Q1 Q1 Q1 Q1 Films 39.2 39.0 2.5 1.2 - 1.2 Life Science 8.7 8.1 2.1 1.4 - 0.8 Environmental and Functional Materials 27.9 25.0 0.9 -0.7 - 1.6 Functional Textiles and Trading 22.2 22.2 -0.4 -0.7 - 0.3 Rea
Slide 7: Business Performance
Business Performance (¥bn.) FY 3/23 FY 3/24 Net sales Q1 Q2* Q3* Q4* Full year* Q1 Films 39.2 35.2 35.6 36.1 146.1 39.0 Life Science 8.7 10.6 10.0 8.8 38.1 8.1 Environmental and Functional Materials 27.9 27.8 26.7 28.3 110.8 25.0 Functional Textiles and Trading 22.2 23.2 22.3 24.8 92.4 22.2 Real Est
Slide 8: Films
Films (¥bn.) FY 3/23 FY 3/24 YOY Q1 Q1 Amount % Net sales 39.2 39.0 - 0.2 - 0.4% Operating profit 2.5 1.2 - 1.2 - 49.7% (OPM) 6.3% 3.2% ‐ ‐ Packaging film - Product prices were revised in response to soaring raw material and fuel prices, while freight movements were sluggish due to prolonged adjustm
Slide 9: Life Science
Life Science (¥bn.) FY 3/23 FY 3/24 YOY Q1 Q1 Amount % Net sales 8.7 8.1 - 0.5 - 6.3% Operating profit 2.1 1.4 - 0.8 - 36.6% (OPM) 24.6% 16.6% ‐ ‐ Biotechnology - Sales of reagents for PCR testing declined significantly due to the reclassification of COVID-19 to a Class 5 Infectious Disease. - Sales
Slide 10: Environmental and Functional Materials
Environmental and Functional Materials (¥bn.) FY 3/23 FY 3/24 YOY Q1 Q1 Amount % Net sales 27.9 25.0 - 2.9 - 10.5% Operating profit 0.9 -0.7 - 1.6 ‐ (OPM) 3.3% ‐ ‐ ‐ Resin and chemicals - Profitability of engineering plastics improved amid progress in product price revisions in Japan. - Sales of ind
Slide 11: Functional Textiles and Trading
Functional Textiles and Trading (¥bn.) FY 3/23 FY 3/24 YOY Q1 Q1 Amount % Net sales 22.2 22.2 - 0.0 - 0.1% Operating profit -0.4 -0.7 - 0.3 ‐ (OPM) - - ‐ ‐ Textiles - Earnings improved as a result of the withdrawal of unprofitable products and progress in price pass-through. Airbag fabric - Sales vo
Slide 12: Forecasts for FY 3/24
Forecasts for FY 3/24 Forecasts of operating profit of ¥15.0 bn. and net profit of ¥4.0 bn. remain unchanged amid recovery in sales volume of films and automotive-related products and improvements in terms of trade. (¥bn.) FY 3/23 FY 3/24 YOY Results Forecasts Amount % Net sales 399.9 430.0 + 30.1 +
Slide 13: Analysis in Changes in Operating Profit
Analysis in Changes in Operating Profit 25.0 Volume Others 20.0 Prices +1.6 - 4.7 +6.0 Raw materials 15.0 and fuel costs +2.0 （¥bn.） 10.0 - Industrial film (+) - Packaging film (+) 15.0 - Reagents for PCR testing (-) (+4.9) 5.0 10.1 - R&D expenses - Depreciation 0.0 FY3/23 FY3/24 FY 3/23 FY 3/24 Exc
Slide 14: Forecasts by Segment
Forecasts by Segment (¥bn.) Net sales Operating profit FY 3/23 FY 3/24 FY 3/23 FY 3/24 Previous YOY forecasts Results* Forecasts Results* Forecasts (May 2023) Films 146.1 167.0 1.6 8.8 + 7.2 8.8 Life Science 38.1 35.0 9.2 5.2 - 4.0 5.2 Environmental and Functional Materials 110.8 135.0 4.0 5.8 + 1.8
Slide 15: Appendix
TOYOBO Appendix
Slide 16: Topics: ESG (1)
Topics: ESG (1) Selected for the first time as a constituent of the “Morningstar Gender Diversity Index (GenDi)” ⇒ Selected as a constituent of all six Japanese ESG indexes adopted by GPIF • Morningstar Gender Diversity Index (GenDi) • FTSE Blossom Japan Index • FTSE Blossom Japan Sector Relative In
Slide 17: Topics: ESG (2)
Topics: ESG (2) - Acquired for the first time Platinum Kurumin certification as a company supporting childcare ・ Certification awarded to companies that demonstrate a high level of commitment to supporting a balance between childcare and work among those certified as Kurumin companies, pursuant to t
Slide 18: Notice
Notice Online meeting with investors (Scheduled) ➢ Environmental and Functional Materials Business (Date: Aug. 29, 2023) Plan to disclose the presentation material to the Company’s website at a later date. 18
Slide 19: Please Note
Please Note The business performance forecasts and targets included in the business plans contained in this presentation are based on information known to the Company’s management as of the day of presentation. Please be aware that the content of the future forecasts may differ significantly from ac
Slide 20: ©️ TOYOBO CO., LTD. All rights reserved.
©️ TOYOBO CO., LTD. All rights reserved.