Toyota Tsusho Corp Ord (TYHOF) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

My name is Kashtani and I'm the president. Thank you very much for your continued support. And I would also like to thank you again for your continued support of our company. Today's event will be held as a hybrid of an in-person event and a live streaming event. For those of you participating in the live streaming session, please understand that I will be providing an explanation through the screen. Our profit attributable to owners of the parent company for the first half of the fiscal year ending March 31, 2024, was 177.7 billion yen, a record high for the first half of our fiscal year. In addition, we have revised our shareholder return policy in order to enhance shareholder returns. I will explain this in conjunction with our financial results. I would now like to explain the details of the financial results. This is from our CFO Iwamoto. I'm Iwamoto, CFO. Thank you very much for your attendance today. I'll now explain the consolidated financial results for the second quarter of the fiscal year ending March 31, 2024, the revision of the four-year earnings forecast and the revision of the dividend return policy. Please refer to the second slide or page 2. As for exchange rates, as shown in the upper right corner, the yen depreciated by 7 yen to 141 yen per dollar and by 14 yen to 153 yen per euro. Revenue for the period was 5 trillion 135.2 billion yen. Gross profit was 520.5 billion yen. Operating profit was 233.1 billion yen. And profit before income taxes was 177.7 billion yen, an 18% increase over the same period last year. This is the third consecutive year of record profits. Next, let's move on to the waterfall chart on page 3. This chart is based on operating profit, which increased by 25.2 billion yen. The impact of foreign exchange rate fluctuations was ...