Toyo Gosei Co., Ltd. · TSE:4970
Toyo Gosei — Q1 FY2022 Earnings Presentation
10 slides from Toyo Gosei's earnings presentation, Aug 10, 2022
Slide 1: Business Results for the First Quarter of Fiscal Year Ending March 31, 2023
Business Results for the First Quarter of Fiscal Year Ending March 31, 2023 (April 1, 2022 – June 30, 2022) August 10, 2022 1
Slide 2: Financial Results for the Q1 FY2022
Financial Results for the Q1 FY2022 ◼ Net sales ・In electronic materials, strong demand for advanced semiconductor materials continues. There is also the impact of the depreciation of the yen. ◼ Operating profit ・Rises in raw materials, fuel, and freight costs (YoY +¥525 million) continued, and sell
Slide 3: Quarterly Sales & Operating profit Trend
Quarterly Sales & Operating profit Trend • In the first quarter of the previous fiscal year, there was a temporary factor of last-minute demand prior to the surge in raw material prices. • In the current fiscal year, although sales increased due to price reflections and volume increases, operating i
Slide 4: Change analysis: Operating profit
Change analysis: Operating profit • Partial price adjustment was made to reflect the impact of higher raw materials, fuel, freight and other costs. Sales volume of photosensitive materials and high-purity solvents also increased. • Increase in expenses for technology development and production capac
Slide 5: Photosensitive Materials Segment
Photosensitive Materials Segment Net sales: 5,511 million yen (YoY +443 million yen, +8.8％) • Sales for Logic semiconductor applications are expanding. • Sales for Memory and legacy semiconductor applications also increased. • Sales Display applications are in an adjustment phase due to a decline in
Slide 6: Chemicals Segment
Chemicals Segment Net sales: 3,721 million yen (YoY +479 million yen, +14.8%) • Sales of high-purity solvents for electronic materials were strong. • Sales for Aroma chemicals declined due to a lull in demand and disruptions in overseas logistics. • In the logistics business, the contract rate remai
Slide 7: Q1 FY2022 Income Statement
Q1 FY2022 Income Statement • Gross profit increased due to higher sales of high value-added products, despite the impact of surging raw material, fuel, and freight costs. • Non-operating income includes foreign exchange gains (YoY +¥329 million) due to yen depreciation. Q1 FY2021 Q1 FY2022 Change %
Slide 8: Q1 FY2022 Balance sheet
Q1 FY2022 Balance sheet • Improved working capital due to decrease in account receivables. • Tangible fixed assets decreased by 415 million yen, partly due to the acquisition of new facilities, but also due to the depreciation of existing facilities. • Interest-bearing debt decreased by 791 million
Slide 9: Forecast and Progress for the First Half of FY2022
Forecast and Progress for the First Half of FY2022 • Each profit trended favorably in line with the 1st half forecast. H1 FY2022 Q1 FY2022 Progress (Million yen) Forecast Results Ratio Net sales 20,000 9,232 46.2% Operating profit 2,450 1,466 59.8% Ordinary profit 2,400 1,788 74.5% profit 1,650 1,22
Slide 10: Individual Development, to the global Chemical
Individual Development, to the global Chemical 10