Toyobo Co., Ltd. · TSE:3101
Toyobo — FY2018 Earnings Presentation
24 slides from Toyobo's earnings presentation, May 9, 2019
Slide 1: Presentation to Investors
May 9, 2019 Presentation to Investors Toyobo Co., Ltd.
Slide 2: Agenda
Agenda Ⅰ．Results for FY 3/19 Ⅱ．Forecasts for FY 3/20 Ⅲ．Progress of 2018 Medium-Term Management Plan 2
Slide 3: Results for FY 3/19
Ⅰ．Results for FY 3/19
Slide 4: Highlights
Ⅰ．Results for FY 3/19 Highlights Sales of ¥336.7 bn. (up 1.7%), operating profit of ¥21.7 bn. (down 9.2%). Sales of growth drivers “COSMOSHINE SRF” and mold releasing film for MLCC were strong. Packaging films, engineering plastics, airbag fabrics were affected by the fluctuations in raw mater
Slide 5: Results for FY 3/19 PL・CF
Ⅰ．Results for FY 3/19 Results for FY 3/19 PL・CF (¥ bn.) Previous FY 3/18 FY 3/19 YOY forecasts (Feb. 2019) Net sales 331.1 336.7 +5.5 +1.7% 340.0 Operating profit 23.9 21.7 - 2.2 - 9.2% 21.0 (Ratio to sales) 7.2% 6.5% - - 6.2% Ordinary profit 20.4 17.8 - 2.6 - 12.9% 16.0 Extraordinary income 11.5 1.
Slide 6: Extraordinary losses due to fire
Ⅰ．Results for FY 3/19 Extraordinary losses due to fire (¥ bn.) amount Costs related to procurement of 7.9 replacement materials Loss on extinguishment of 2.1 non-current assets and inventories Costs of removing assets and restoration 1.7 Fixed costs during a shutdown period 1.4 Other related costs 0
Slide 7: Analysis of Changes in Operating Profit
Ⅰ．Results for FY 3/19 Analysis of Changes in Operating Profit raw material foreign prices volume others 30.0 and fuel costs exchange - 2.2 - 4.5 +1.2 +2.1 - 0.1 - 0.8 25.0 20.0 (¥ bn.) 15.0 SRF, Mold releasing film 23.9 Nylon, Olefin, 21.7 10.0 Polyester Fire accident, Real estate, R&D, Logistics 5.
Slide 8: Results for FY 3/19 BS
Ⅰ．Results for FY 3/19 Results for FY 3/19 BS (¥ bn.) (A) (B) Mar. 31, Mar. 31, Mar. 31, Change 2017 2018 2019 (A)→(B) Total assets 450.2 445.5 461.0 +15.6 Inventories 72.8 71.3 76.8 +5.5 Non current assets 258.5 258.9 267.9 +9.0 Net assets 170.9 184.5 181.2 - 3.3 Shareholder's equity 167.8 180.6 176
Slide 9: Results by Segment
Ⅰ．Results for FY 3/19 Results by Segment (¥ bn.) Net sales Operating profit Previous forecasts FY 3/18 FY 3/19 FY 3/18 FY 3/19 YOY (Feb. 2019) Films & 148.7 156.2 13.7 13.7 +0.0 13.9 Functional Polymers Industrial Materials 63.5 66.5 4.3 2.6 - 1.6 2.6 Healthcare 35.7 34.7 5.2 5.2 - 0.0 4.8 Textiles
Slide 10: Films & Functional Polymers
Ⅰ．Results for FY 3/19 Films & Functional Polymers Net Sales Operating Profit Sales of “COSMOSHINE SRF” (%) 156.2 and mold releasing film for MLCC (¥ bn.) 148.7 13.7 13.7 were strong. (9.2%) (8.8%) Packaging films and 78.6 75.5 6.8 functional polymers were H2 7.3 affected by the fluctuations in raw m
Slide 11: Industrial Materials
Ⅰ．Results for FY 3/19 Industrial Materials Net Sales Operating Profit Sales of airbag fabrics for (%) overseas customers were strong. (¥ bn.) 66.5 4.3 63.5 (6.7%) The impact of fire and 33.9 the fluctuations in raw material H2 32.9 2.0 2.6 prices brought difficulties. (3.9%) 0.7 Sales in the life an
Slide 12: Healthcare
Ⅰ．Results for FY 3/19 Healthcare Net Sales Operating Profit Sales expanded in enzymes for (%) diagnostic reagents and (¥ bn.) volatile organic compound (VOC) 35.7 34.7 5.2 5.2 (14.5%) (14.9%) emissions treatment equipment. 19.4 H2 18.8 3.2 In the pharmaceuticals business 3.4 costs for compliance wit
Slide 13: Textiles and Trading
Ⅰ．Results for FY 3/19 Textiles and Trading Net Sales Operating Profit Sales of thobe cloth to (%) the Middle East continued to (¥ bn.) decrease owing to deteriorating 68.3 64.6 market conditions. 34.6 0.9 H2 0.6 (1.4%) 32.8 (0.9%) Acrylic fiber is being shifted to industrial material applications. 0
Slide 14: Forecasts for FY 3/20
II. Forecasts for FY 3/20
Slide 15: Forecasts for FY 3/20
Ⅱ．Forecasts for FY 3/20 Forecasts for FY 3/20 Expansion of industrial films and stabilization in raw material and fuel prices are expected. However, operating profit of ¥22.0 bn. is forecasted due to the prior expenses of expanded investments, in addition to the impact of the fire and uncertainty ov
Slide 16: Analysis of Changes in Operating Profit
Ⅱ．Forecasts for FY 3/20 Analysis of Changes in Operating Profit raw material foreign prices volume others and fuel costs exchange +0.3 25.0 ＋1.2 ±0.0 +1.1 ±0.0 - 2.0 20.0 SRF, Mold releasing film, etc. (¥ bn.) 15.0 Nylon, Olefin, Polyester R&D, Prior cost in 10.0 22.0 21.7 film business 5.0 0.0 FY 3
Slide 17: Forecasts by Segment
Ⅱ．Forecasts for FY 3/20 Forecasts by Segment (¥ bn.) Net Sales Operating Profit FY 3/19 FY 3/20 FY 3/19 FY 3/20 YOY result forecasts result forecasts Films & 156.2 162.5 13.7 14.8 +1.1 Functional Polymers Industrial Materials 66.5 71.0 2.6 2.4 - 0.2 Healthcare 34.7 37.0 5.2 5.4 +0.2 Textiles and Tra
Slide 18: Progress of 2018 Medium-Term Management Plan
Ⅲ．Progress of 2018 Medium-Term Management Plan
Slide 19: Numerical Targets
Ⅲ．Progress of 2018 Medium-Term Management Plan Numerical Targets Continuous reform of Try again to achieve business portfolio operating profit of ¥30 bn. 35.0 (¥ bn.) 30.0 Targets Operating Profit (¥bn.) Net sales 375.0 25.0 Overseas sales ratio 35% Operating profit 30.0 20.0 (Ratio to sales) 8% Pro
Slide 20: Acceleration for growth "Harvesting"
Ⅲ．Progress of 2018 Medium-Term Management Plan Acceleration for growth “Harvesting” Three part harmony (short & mid term) “COSMOSHINE SRF” ・ In FY 3/19, sales increased largely by approx. 65%. Achieved approx. 30% share. ・ In FY 3/21, Unit 3 is scheduled to start mass production. Expecting approx. 1
Slide 21: Enhancing development of new products and businesses
Ⅲ．Progress of 2018 Medium-Term Management Plan Enhancing development of new products and businesses Three part harmony (mid & long term) Heat-resistant polyimide film “XENOMAX” Smart life ・ New plant has been put into production. ・ Aim for business on the scale of ¥10 bn. ・ Rolling out into electron
Slide 22: Strengthening business base: Safety and disaster prevention initiatives
Ⅲ．Progress of 2018 Medium-Term Management Plan Strengthening business base: Safety and disaster prevention initiatives Three part harmony (business base) Overview of the fire accident ・ Fire accident occurred at Tsuruga Research and Production Center on Sep. 6, 2018. ・ Machines and systems used for
Slide 23: 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 24: All Rights Reserved
Ideas & Chemistry All Rights Reserved