Toyobo Co., Ltd. · TSE:3101
Toyobo — FY 3/20 Earnings Presentation
26 slides from Toyobo's earnings presentation, May 11, 2020
Slide 1: Presentation to Investors
May 11, 2020 Presentation to Investors TOYOBO CO., LTD.
Slide 2: Highlights
Highlights ◆ Operating profit of ¥22.8 bn. (up 4.9%) and profit of ¥13.8 bn. ◆ Heavily affected by the fire accident and production curtailment of automobiles, etc. due to U.S.-China trade friction. Moreover, influenced by the novel coronavirus disease (COVID-19) in Q4. ◆ Regarding the growth driver
Slide 3: Results for FY 3/20 PL
Results for FY 3/20 PL (¥ bn.) Initial YOY FY 3/19 FY 3/20 f orecasts Amount % (May 2019) Net sales 336.7 339.6 + 2.9 + 0.9% 350.0 Operating profit 21.7 22.8 + 1.1 + 4.9% 22.0 (Ratio to sales) 6.5% 6.7% - - 6.3% Extraordinary Ordinary profit 17.8 18.0 + 0.2 + 1.4% 18.0 income: Extraordinary income 1
Slide 4: Analysis of Changes in Operating Profit
Analysis of Changes in Operating Profit raw material foreign and fuel costs prices volume exchange others 30.0 + 2.9 - 0.5 + 2.2 - 0.2 + 3.4 + 1.1 25.0 20.0 Fire accident, Prior cost in film business, (¥ bn.) R&D 15.0 Nylon, Polyester, Polyolefin 21.7 SRF、 22.8 10.0 High performance fibers, Enzymes
Slide 5: Results for FY 3/20 BS
Results for FY 3/20 BS (¥ bn.) Mar. 31, Mar. 31, Mar. 31, YOY 2018 2019 2020 Total assets 445.5 461.0 488.9 +27.8 Cash and deposits 26.0 22.3 25.2 +2.9 Inventories 71.3 76.8 80.6 +3.8 Non current assets 258.9 267.9 282.5 +14.5 Net assets 184.5 181.2 182.6 +1.4 Shareholder's equity 180.6 176.6 177.9
Slide 6: Results by Segment
Results by Segment (¥ bn.) Net sales Operating profit Pervious forecasts FY 3/19 FY 3/20 FY 3/19 FY 3/20 YOY (Feb. 2020) Films & 156.2 158.8 13.7 16.5 + 2.8 15.4 Functional Polymers Industrial Materials 66.5 65.4 2.6 1.0 - 1.6 1.2 Healthcare 34.7 39.4 5.2 5.5 + 0.4 5.6 Textiles and Trading 64.6 61.3
Slide 7: Films & Functional Polymers
Films & Functional Polymers H1 H2 Packaging film ・Sales of the environmentally Net Sales Operating Profit conscious products expanded. (%) 156.2 158.8 16.5 Industrial film (10.4%) ・Sales of “COSMOSHINE SRF” (¥ bn.) 13.7 expanded due to improved productivity. (8.8%) ・Sales of mold releasing film for
Slide 8: Films & Functional Polymers: Topics
Films & Functional Polymers: Topics Acquisition of subsidiaries of TEIJIN LIMITED that operate film businesses ・TOYOBO FILM SOLUTIONS LIMITED, PT. INDONESIA TOYOBO FILM SOLUTIONS ・Acquired all stocks as of October 1, 2019, and commenced integrated management. ・Aim to further solidify the foundation
Slide 9: Industrial Materials
Industrial Materials H1 H2 Airbag fabrics Net Sales Operating Profit ・Affected by the fire accident and (%) global reduction of production in 66.5 65.4 the automotive industry. (¥ bn.) 2.6 Life and industrial materials 33.9 32.4 (3.9%) ・The reconstructed plant of 0.7 “BREATHAIR” started up to resume
Slide 10: Healthcare
Healthcare H1 H2 Bio-related products Net Sales Operating Profit ・Sales of enzymes for diagnostic (%) reagents to overseas markets 39.4 were steady. 5.5 (¥ bn.) 34.7 5.2 (14.1%) Pharmaceuticals (14.9%) ・Costs for compliance with GMP 20.4 2.7 piled up. 18.8 3.2 Functional filters ・Sales for applicati
Slide 11: Healthcare: Topics
Healthcare: Topics Reagent and kit for genetic testing ・PCR: A method for amplifying a specific DNA region from a very small DNA sample to an analyzable amount in a short time. ・Increase production of reagents for PCR tests and ship to testing institutions in Japan and China. ・Development and sale o
Slide 12: Textiles and Trading
Textiles and Trading H1 H2 TOYOBO STC (Textile) Net Sales Operating Profit ・Sales of thobe cloth in the Middle (%) East expanded as a result of 64.6 market recovery. 61.3 (¥ bn.) ・Sales of materials for uniform grew steadily for business uniforms. 32.8 31.3 0.9 (1.4%) Acrylic fiber and 0.6 (0.9%) ma
Slide 13: Forecasts for FY 3/21
Forecasts for FY 3/21 The forecast for the fiscal year ending March 31, 2021 is undecided as it is difficult to properly and rationally calculate the impact on business in this situation where the end of COVID-19 cannot be predicted. While observing future trends, the Group will promptly make an ann
Slide 14: Measures Against COVID-19
Measures Against COVID-19 ・Flexible inventory and production adjustments. Production ・Shut down overseas airbag fabric factory, etc. depending on the situation. ・Operating after drawing up - measures to prevent the spread of disease Plant - measures for when someone is infected - procedures for resp
Slide 15: 2018 Medium-Term Management Plan
2018 Medium-Term Management Plan Goal: Operating profit of ¥30.0 bn. In addition to the fire, the impact of COVID-19 is unclear, and the assumptions for the external environment have changed significantly. (¥ bn.) Films & Functional Polymers Industrial Materials Healthcare Textiles and Trading Real
Slide 16: For medium- to long-term growth
For medium- to long-term growth Readjustment of corporate philosophy TOYOBO PVVs Principle “Jun-Ri-Soku-Yu” “Jun-Ri-Soku-Yu” is one of the personal maximum of Adhering to reason leads to prosperity our founder Eiich Shibusawa. Vision We will continue to create the solutions needed by people and the
Slide 17: For medium- to long-term growth
For medium- to long-term growth Toward solution-based business management (April 1,2020-) Division Vision (contribution to solve social challenges) Films and Functional Materials Global top runner in eco-friendly products and solutions Solutions Mobility Solutions One-of-a-kind company that provides
Slide 18: All Rights Reserved
oYOpg T O Ne AS arts stay toge™ All Rights Reserved
Slide 19: 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 20: Appendix
Appendix 20
Slide 21: Topics
Appendix Topics Mold releasing film for MLCC “COSMOPEEL” ・In FY 3/20, sales increased by approx. 5%. Achieved approx. 25% share. Affected by production adjustments of electronic-related components. ・New processing equipment was put into production in October 2019. Approx. 2-fold increase in producti
Slide 22: Environmentally conscious products
Appendix Environmentally conscious products Unified brand through Evaluation of environmental impacts proprietary evaluation on the six stages from product design to disposal using five standards “ECO-PARTNER SYSTEM ” - prevention of global warming - reduction in harmful chemical substances Ratio of
Slide 23: Sustainability Planning
Appendix Sustainability Planning Promote activities and further strengthen the transmission of information in line with global standards Long-term global warming countermeasures Aim to reduce our greenhouse gas emissions by 30% and 80% in FY 3/31 and FY 3/51, respectively, compared with FY 3/14, by
Slide 24: Long-term goal
Appendix Long-term goal Growth target: Net sales of ¥500.0 bn. in FY 3/26 Net sales (¥ bn.) 600.0 500.0 500.0 FY 3/20 375.0 400.0 339.6 300.0 200.0 100.0 0.0 3/11 3/12 3/13 3/14 3/15 3/16 3/17 3/18 3/19 3/20 3/21 3/22 3/23 3/24 3/25 3/26 FY 24
Slide 25: Business performance
Appendix Business performance (¥ bn.) Net sales FY 3/19 FY 3/20 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Films &Functional Polymers 38.8 38.9 40.7 37.8 38.1 38.3 38.0 44.5 Industrial Materials 16.1 16.6 17.1 16.7 16.0 17.0 16.7 15.7 Healthcare 7.6 8.3 8.4 10.4 9.3 9.7 9.6 10.8 Textiles and Trading 14.8 16.9 14.6 18.
Slide 26: All Rights Reserved
All Rights Reserved