Toyobo Co., Ltd. · TSE:3101
Toyobo — FY2015 Earnings Presentation
18 slides from Toyobo's earnings presentation, May 13, 2016
Slide 1: Presentation to Investors
Presentation to Investors Seiji Narahara President Toyobo Co., Ltd. May 13, 2016 (Analysts’ Meeting)
Slide 2: Highlights
Highlights FY 3/16 Results Operating income up 12% year on year to ¥23.1 billion, profit up 25% to ¥10.1 billion While LCDs and Japanese automobile-related sales struggled, costs related to startup of new film production facilities and new products declined “COSMOSHINE SRF” commenced full-scale s
Slide 3: I. Results for FY 3/16
I. Results for FY 3/16
Slide 4: Results for FY 3/16: PL, CF
(1) Results for FY 3/16 1)PL.CF \ bn. FY 3/16 FY 3/15 YoY H1 H2 Amount ％ Net sales 351.3 179.7 168.1 347.8 -3.5 -1.0% Operating income 20.6 10.5 12.6 23.1 2.5 +12.4% Ratio to sales 5 .9 % 5.8% 7.5% 6 .6 % - - Profit attributable to 8.1 5.4 4.8 10.1 2.0 +25.0% owners of parent EPS (\) 9.14 6.04 5.39
Slide 5: Analysis of Changes in Operating Income
Analysis of Changes in Operating Income Decrease in Down in prices [FY 3/15 FY 3/16] raw material and fuel costs -6.1 +7.1 Depreciation Volume of yen decrease (sales price) Others +1.2 -0.3 +0.6 20.6 23.1 FY 3/15 FY 3/15 FY 3/16 FY 3/16 (¥ bn.) H1 H2 H1 H2 Exchange rate 103 117 110 122 118 120 （￥/U
Slide 6: BS
2) BS \ bn. Mar. 31, 2015 Mar. 31, 2016 Change Total assets 465.8 444.6 - 2 1 .2 Inventories 82.4 75.3 - 7 .0 Net assets 161.1 160.1 - 1 .0 Shareholders' equity 158.0 156.9 - 1 .1 Retained earnings 32.5 39.5 + 7 .1 Foreign currency translation adj ustment -7.5 -10.7 - 3 .3 Remeasurements of defined
Slide 7: Results by Segment
(2) Results by Segment \ bn. Ne t Sale s Ope r at in g In c o m e (Loss) FY 3 / 1 6 FY 3 / 1 6 FY 3 / 1 5 FY 3 / 1 5 H1 H2 H1 H2 Films & Functional Polymers 146.0 76.5 66.9 143.4 7.0 4.0 5.9 9.9 Industrial Materials 71.5 35.3 35.2 70.5 6.6 3.2 3.0 6.3 Healthcare 28.8 13.5 14.3 27.7 5.0 2.1 2.6 4.7 S
Slide 8: Films & Functional Polymers
1) Films & Functional Polymers While LCDs and Japanese automobile-related sales struggled, income rose due to decline in costs related to startup of new film production facilities and new products and increase in sales volume for packaging film Net sales Operating income (¥ bn.) (¥ bn.) 146.0 143.4
Slide 9: Industrial Materials
2) Industrial Materials Although sales of products for consumer and industrial uses and functional filters remained robust, income declined due to prepaid costs for airbag fabrics and other factors Net sales (¥ bn.) Operating income (¥ bn.) 71.5 70.5 6.6 6.3 (9.2%) (8.9%) 37.4 35.2 3.6 3.0 34.1 35.3
Slide 10: Healthcare
3) Healthcare Although reagents for life sciences and enzymes for diagnostic reagents remained steady, sales and income declined due to postponement of projects for the contract manufacturing business of pharmaceuticals Net sales (¥ bn.) Operating income (¥ bn.) 28.8 27.7 5.0 4.7 (17.5%) (17.0%) 14.
Slide 11: Textiles and Trading
4) Textiles and Trading While sales of acrylic fiber struggled, sales and income rose as sales of textile products for Arabic remained firm Net sales Operating income (loss) (¥ bn.) (¥ bn.) 85.1 85.5 2.3 2.5 42.3 41.6 (2.7%) (2.9%) 1.4 1.3 42.8 43.8 H2 0.9 H2 1.2 H1 H1 FY 3/15 FY 3/16 FY 3/15 FY 3/1
Slide 12: II. Forecasts for FY 3/17
II. Forecasts for FY 3/17
Slide 13: Forecasts for FY 3/17
(1) Forecasts for FY 3/17 \ bn. FY 3 / 1 6 FY 3 / 1 7 Change (Fo r e c ast s) Amount ％ Net sales 347.8 360.0 +12.2 +3.5% Operating income 23.1 25.0 +1.9 +8.1% Ratio to sales 6.6% 6.9% - - Profit attributable to owners of parent 10.1 13.0 +2.9 +28.1% EPS (\ ) 11.43 14.64 - - Depreciation 14.4 15.0 +0
Slide 14: Analysis of Changes in Operating Income
Analysis of Changes in Operating Income [Forecasts: FY 3/16→ FY 3/17] Appreciation Decrease in Down Volume of yen Others raw material in prices increase (sales price) and fuel costs +2.0 -0.4 +0.2 +1.0 -0.5 25.0 23.1 FY 3/16 FY 3/17 (¥ bn.) FY 3/16 FY 3/17 Naphtha price in Japan 43 43 （thousand \ /k
Slide 15: Forecasts by Segment
(2) Forecasts by Segment \ bn. Ne t sale s Ope r at in g in c o m e FY 3 / 1 6 FY 3 / 1 7 FY 3 / 1 6 FY 3 / 1 7 change Films & Functional Polymers 143.4 146.4 9.9 11.5 +1.6 Industrial Materials 70.5 75.5 6.3 6.9 +0.6 Healthcare 27.7 31.7 4.7 5.2 +0.5 Specialty Businesses 241.6 253.6 20.9 23.6 +2.7 O
Slide 16: III. Litigation
Ⅲ. Litigation
Slide 17: Progress of Litigation regarding Body Armor Using ZYLON Fiber
Progress of Litigation regarding Body Armor Using ZYLON Fiber 1) In June 2003, an accident with body armor (BA) using Zylon fiber occurred in Pennsylvania, USA. (This is the only accident in which a bullet penetrated BA.) 2) The injured/deceased persons and purchasers of the same type of BA sued the
Slide 18: 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