Toto Ltd TSE:5332
TOTO : Result for the Three Months Ended June 30, 2022
Source: MarketScreener
First Quarter Results
for Fiscal Year Ending March 2023
TOTO LTD.
July 29, 2022
Copyright © TOTO LTD. All Rights Reserved.
First Quarter Results
for Fiscal Year Ending March 2023
Highlights
Increased sales and decreased profits
Japan Housing Equipment Business: Flat net sales and lower profits
- Demand for housing was firm, but net sales remained flat and profits decreased due to soaring raw-material prices and the impact of parts procurement difficulties.
International Housing Equipment Business:
Increased sales and decreased profits
- Weakness in the real estate market and the spread of COVID-19 infections in some areas led to lower sales and profits in the Mainland China Business.
- Sales and profits in the Asia business increased due to strong performance in the Taiwan region
- In the Americas business, sales rose due to strong Washlet sales, but profits decreased due to the impact of ongoing high logistics costs.
New domain business: Increased sales and profits
- Both sales and profits are increased in the advanced ceramics business due to rising demand in the semiconductor market.
Copyright © TOTO LTD. All Rights Reserved. | 1 |
Financial results
Unit: Y billion
FY21 | FY22 | ||||
YoY | Influence of | Currency- | |||
1Q | 1Q | ||||
exchange rate | neutral basis | ||||
Net Sales | 145.7 | 153.5 | +7.7 | +4.2 | +3.5 |
(105%) | (102%) | ||||
Operating Profit | 12.1 | 10.2 | -1.9 | +0.5 | -2.5 |
[Operating Margin] | 【8.3%】 | 【6.7%】 | (84%) | (80%) | |
Recurring | 12.9 | 15.4 | +2.4 | +4.8 | -2.4 |
Profit | (119%) | (82%) | |||
Profit attributable | 9.0 | 10.5 | +1.6 | +4.6 | -3.1 |
to owners of parent | (117%) | (66%) | |||
- Exchange rates
1Q, FY21 | 1Q, FY22 | |
1 $ | ¥106.1 | ¥116.3 |
1 CNY | ¥16.4 | ¥18.3 |
1 € | ¥127.8 | ¥130.4 |
Plan vs.Plan
152.0 +1.5
(101%)
8.7 +1.5
【5.7%】 (117%)
9.7 +5.7
(159%)
6.6 +3.9
(160%)
Increased sales. Recurring profit and quarterly net profit increased but
operating profit decreased.
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Sales and profit by business segment
Unit: Y billion
FY21 | FY22 | ||||||
＜Net Sales＞ | YoY | Influence of | Currency- | ||||
1Q | 1Q | ||||||
exchange rate | neutral basis | ||||||
Japan H.E. | 103.1 | 103.3 | +0.2 | +0.2 | |||
(100%) | (100%) | ||||||
International H.E. | 36.0 | 39.0 | +2.9 | +3.6 | -0.6 | ||
(108%) | (98%) | ||||||
New Domain | 6.5 | 11.1 | +4.6 | +0.7 | +3.9 | ||
(170%) | (160%) | ||||||
Others | 0.1 | 0.1 | +0.0 | +0.0 | +0.0 | ||
Total | 145.7 | 153.5 | +7.7 | +4.2 | +3.5 | ||
(105%) | (102%) | ||||||
FY21 | FY22 | ||||||
＜Operating Profit＞ | YoY | Influence of | Currency- | ||||
1Q | 1Q | ||||||
exchange impact | neutral basis | ||||||
Japan H.E. | 5.8 | 2.8 | -2.9 | -2.9 | |||
(49%) | (49%) | ||||||
International H.E. | 5.8 | 3.0 | -2.8 | +0.5 | -3.3 | ||
(51%) | (42%) | ||||||
New Domain | 1.2 | 4.9 | +3.7 | +0.0 | +3.6 | ||
（4.0 times) | |||||||
（4.1 times) | |||||||
Others | -0.6 | -0.5 | +0.1 | +0.0 | +0.1 | ||
Total | 12.1 | 10.2 | -1.9 | +0.5 | -2.5 | ||
(84%) | (80%) | ||||||
Plan vs.Plan
103.1 +0.3
(100%)
38.9 +0.1
(100%)
10.0 +1.1
(111%)
0.1 +0.0
152.0 +1.5
(101%)
Plan vs.Plan
2.7 +0.1
(105%)
3.0 -0.0
(99%)
3.5 +1.4
(140%)
-0.5 +0.0
8.7 +1.5
(117%)
Both sales and profits increased in New domain business.
However, sales increased and profits decreased in the Japan H.E. and International H.E. business.
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