Toyobo Co., Ltd. · TSE:3101
Toyobo — Q1 FY3/19 Earnings Presentation
19 slides from Toyobo's earnings presentation, Aug 6, 2018
Slide 1: Presentation to Investors
Presentation to Investors Toyobo Co., Ltd. August 6, 2018
Slide 2: Agenda
Agenda Ⅰ．Results for Q1 FY 3/19 Ⅱ．Forecasts for FY 3/19
Slide 3: Results for Q1 FY 3/19
Ⅰ．Results for Q1 FY 3/19
Slide 4: Highlights
Ⅰ．Results for Q1 FY 3/19 Highlights Q1 FY 3/19 Results Operating profit of ¥5.3 billion (up 7.3%) and profit of ¥3.1 billion (up 9.5%) are in line with expectations. Sales of growth drivers “COSMOSHINE SRF” and mold releasing film for ceramic capacitors were strong. Sales of airbag fabrics to
Slide 5: Results for FY 3/19 PL
Ⅰ．Results for Q1 FY 3/19 Results for FY 3/19 PL FY 3/18 FY 3/19 YOY (¥ bn.) Q1 Q1 Amount % Net sales 78.5 80.8 +2.3 +2.9 Operating profit 5.0 5.3 +0.4 +7.3 (Ratio to sales） 6.4% 6.6% - - Ordinary profit 4.3 4.8 +0.5 +10.6 Profit attributable to 2.8 3.1 +0.3 +9.5 owners of parent EPS（\）※ 31.6 34.6 -
Slide 6: Analysis of Changes in Operating Profit
Ⅰ．Results for Q1 FY 3/19 Analysis of Changes in Operating Profit Decrease Depreciation Up in Volume in raw of yen Others prices increase material (sales price) 7.0 and fuel costs +0.7 +1.3 ±0 -0.4 6.0 -1.2 5.0 （¥bn.） YOY 4.0 Real estate, ＋0.4 3.0 Research and 5.0 Nylon, Olefin, development 5.3 Polye
Slide 7: Results BS
Ⅰ．Results for Q1 FY 3/19 Results for FY 3/19 BS (A) (B) (¥ bn.) Mar. 31, June 30, Change 2018 2018 (A)→(B) Total assets 445.5 440.1 -5.4 Cash and deposits 26.0 21.9 -4.1 Inventories 71.3 75.5 +4.2 Net assets 184.5 185.5 +0.9 Shareholder's equity 180.6 180.4 -0.2 （Retained earnings） 56.1 55.5 -0.6 No
Slide 8: Results by Segment
Ⅰ．Results for Q1 FY 3/19 Results by Segment (¥ bn.) Net sales Operating profit (loss) Q1 Q1 Q1 Q1 YOY FY 3/18 FY 3/19 FY 3/18 FY 3/19 (Amount) Films & 36.9 38.8 3.0 3.6 +0.5 Functional Polymers Industrial Materials 14.5 16.1 0.8 1.0 +0.2 Healthcare 7.6 7.6 0.9 1.0 +0.1 Textiles and Trading 16.1 14.8
Slide 9: Films & Functional Polymers
Ⅰ．Results for Q1 FY 3/19 Films & Functional Polymers Net sales Operating profit ratio to sales(%) ■Driven by “COSMOSHINE SRF” and （¥ bn.） mold releasing film for ceramic capacitors. ■In the functional 36.9 38.8 3.0 3.6 polymers business, sales remained sluggish (8.2%) (9.3%) and flagging. Q1 Q1 Q1 Q
Slide 10: Industrial Materials
Ⅰ．Results for Q1 FY 3/19 Industrial Materials Net sales Operating profit ratio to sales(%) ■Sales of airbag fabrics and products for （¥ bn.） consumer and industrial uses increased. ■Affected by the rise in Nylon prices. 14.5 16.1 0.8 1.0 (5.5%) (5.9%) Q1 Q1 Q1 Q1 FY3/18 FY3/19 FY3/18 FY3/19 10
Slide 11: Healthcare
Ⅰ．Results for Q1 FY 3/19 Healthcare Net sales Operating profit ratio to sales(%) ■Further expanded sales of enzymes for （¥ bn.） diagnostic reagents and volatile organic compound (VOC) emissions treatment equipment. 7.6 7.6 0.9 1.0 ■Contract manufacturing (12.0%) (13.2%) business of pharmaceuticals f
Slide 12: Textiles and Trading
Ⅰ．Results for Q1 FY 3/19 Textiles and Trading Net sales Operating profit ratio to sales(%) ■Materials for underwear and shirt products （¥ bn.） achieved strong sales. ■Materials for traditional Arabic menswear and sports apparel were sluggish. 0.2 0.2 16.1 14.8 (1.1%) (1.3%) Q1 Q1 Q1 Q1 FY3/18 FY3/19
Slide 13: Growth Drivers
Ⅰ．Results for Q1 FY 3/19 Growth Drivers ■“COSMOSHINE SRF” ・ In 1Q, sales increased by approximately 80%. Aim for 30% share in FY3/19. ・ In LCD TV market, sales expand amid fiercer price wars. ・ Emerging dominance of polyester due to market trending to larger panels, bezel-free displays and component
Slide 14: Forecasts for FY 3/19
Ⅱ．Forecasts for FY 3/19 Regarding the forecast for the full fiscal year, no changes have been made in the outlook announced on May 10, 2018.
Slide 15: Forecasts for FY 3/19
Ⅱ．Forecasts for FY 3/19 Forecasts for FY 3/19 FY 3/18 FY 3/19 Change('17→'18) (¥ bn.) result forecasts amount ％ Net sales 331.1 340.0 +8.9 +2.7 Operating profit 23.9 25.0 +1.1 +4.5 (Ratio to sales) 7.2% 7.4% - - Ordinary profit 20.4 21.5 +1.1 +5.3 Profit attributable to 13.0 13.0 -0.0 -0.3 owners of
Slide 16: Analysis of Changes in Operating Profit
Ⅱ．Forecasts for FY 3/19 Analysis of Changes in Operating Profit Decrease Depreciation Up in Volume in raw of yen prices increase material (sales price) Others 30.0 and fuel costs +1.5 +3.2 -0.1 -0.4 -3.1 25.0 20.0 （¥ bn.） SRF、engineering plastics、 Airbag fabrics 15.0 Nylon, Olefin 23.9 and Polyester
Slide 17: Forecasts by Segment
Ⅱ．Forecasts for FY 3/19 Forecasts by Segment (¥ bn.) Net Sales Operating Profit FY 3/18 FY 3/19 FY 3/18 FY 3/19 Change result forecasts result forecasts ('17→'18) Films & Functional Polymers 148.7 154.0 13.7 14.7 +1.0 Industrial Materials 63.5 67.0 4.3 4.9 +0.6 Healthcare 35.7 37.0 5.2 5.5 +0.3 Text
Slide 18: 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 Companyʼs management as of the day of presentation. Please be aware that the content of the future forecasts may differ significantly from ac
Slide 19: Ideas & Chemistry
Ideas & Chemistry All Rights Reserved