Toyobo Co., Ltd. · TSE:3101
Toyobo — Q3 FY3/20 Earnings Presentation
20 slides from Toyobo's earnings presentation, Feb 7, 2020
Slide 1: Presentation to Investors
February 7, 2020 Presentation to Investors TOYOBO CO., LTD.
Slide 2: Agenda
Agenda Ⅰ．Results for Q3 of FY 3/20 Ⅱ．Forecasts for FY 3/20
Slide 3: Results for Q3 of FY 3/20
Ⅰ．Results for Q3 of FY 3/20
Slide 4: Highlights
Ⅰ．Results for Q3 of FY 3/20 Highlights Q3 FY 3/20 Results ◆ Operating profit of ¥16.0 bn. (up 4.1%), profit of ¥5.9 bn. (¥ - 0.3 bn. in Q3 FY 3/19) ◆ Airbag fabrics were affected by external procurement of yarn due to the fire accident and a decrease in demand. ◆ Regarding the growth drivers, sales
Slide 5: Results for Q3 FY 3/20 PL
Ⅰ．Results for Q3 of FY 3/20 Results for Q3 FY 3/20 PL (¥ bn.) FY 3/19 FY 3/20 YOY Q3 Q3 Amount % (cumulative) (cumulative) Net sales 249.9 248.0 - 1.9 - 0.8% Operating profit 15.3 16.0 + 0.6 + 4.1% (Ratio to sales) 6.1% 6.4% - - Ordinary profit 12.7 13.4 + 0.8 + 6.1% Extraordinary income 0.6 0.5 - 0
Slide 6: Analysis of Changes in Operating Profit
Ⅰ．Results for Q3 of FY 3/20 Analysis of Changes in Operating Profit raw material foreign prices volume others and fuel costs exchange 20.0 +1.3 - 0.1 +2.5 - 0.1 - 3.1 +0.6 18.0 16.0 14.0 Fire accident, Prior cost in film 12.0 (¥ bn.) business, R&D 10.0 Nylon, Olefin, 8.0 Polyester SRF, “COSMOPEEL”,
Slide 7: Results for Q3 FY 3/20 BS
Ⅰ．Results for Q3 of FY 3/20 Results for Q3 FY 3/20 BS (¥ bn.) Mar. 31, Mar. 31, Dec. 31, Change 2018 2019 2019 19/3 ⇒ 19/12 Total assets 445.5 461.0 488.4 + 27.4 Inventories 71.3 76.8 86.1 + 9.3 Non current assets 258.9 267.9 282.5 + 14.5 Net assets 184.5 181.2 182.4 + 1.2 Shareholder's equity 180.6
Slide 8: Results by Segment
Ⅰ．Results for Q3 of FY 3/20 Results by Segment (¥ bn.) Net sales Operating profit (loss) FY 3/19 FY 3/20 FY 3/19 FY 3/20 YOY 3Q 3Q 3Q 3Q (amount) (cumulative) (cumulative) (cumulative) (cumulative) Films & 118.4 114.3 10.1 12.0 + 1.8 Functional Polymers Industrial Materials 49.8 49.7 2.6 0.8 - 1.8 H
Slide 9: Films & Functional Polymers
Ⅰ．Results for Q3 of FY 3/20 Films & Functional Polymers Packaging film H1 Q3 ・Sales of the environmentally Net sales Operating profit conscious products expanded. (%) 12.0 Industrial film (10.5%) 118.4 114.3 10.1 ・Sales of “COSMOSHINE SRF” (8.6%) expanded. (¥ bn.) 3.8 40.7 38.0 ・Mold releasing film
Slide 10: Industrial Materials
Ⅰ．Results for Q3 of FY 3/20 Industrial Materials H1 Q3 Airbag fabrics Net sales Operating profit ・Affected by the fire accident and (%) global reduction of production in 49.8 2.6 49.7 (5.1%) the automotive industry. (¥ bn.) Life and industrial materials 17.1 16.7 0.7 ・The new plant of “BREATHAIR” st
Slide 11: Healthcare
Ⅰ．Results for Q3 of FY 3/20 Healthcare H1 Q3 Bio-related products ・Sales of enzymes for diagnostic Net sales Operating profit (%) reagents to overseas markets 28.6 4.0 were steady. (14.1%) 24.3 Functional membranes 3.1 (¥ bn.) 9.6 (12.8%) 1.2 ・Sales of reverse osmosis 8.4 membrane elements expanded
Slide 12: Textiles and Trading
Ⅰ．Results for Q3 of FY 3/20 Textiles and Trading H1 Q3 TOYOBO STC (Textile) Net sales Operating profit ・Sales of thobe cloth in the Middle (%) East expanded as a result of 46.4 45.3 market recovery. ・Sales of materials for uniform grew (¥ bn.) 14.6 15.3 - 0.0 steadily for business uniforms. (- 0.1%)
Slide 13: Films & Coatings
Ⅰ．Results for Q3 of FY 3/20 Films & Coatings “COSMOSHINE SRF” ・In Q3 cumulative, sales increased by approx. 15%. ・Sales expanded for use in LCDs. ・In May, 2020, Unit 3 is scheduled to start mass production. Expecting approx. 1.5-fold increase in production capacity. ・Aim for 40% share in FY 3/22. ・S
Slide 14: Topics: Environmentally conscious products
Ⅰ．Results for Q3 of FY 3/20 Topics: Environmentally conscious products ■Environmentally conscious packaging film ・Approx. 17% of net sales within packaging films ・Increased by approx. 10% YOY in Q3 cumulative “CYCLE CLEAN” “ECOSYAR” Made with approx. 80% Transparent vapor-deposited film. recycled re
Slide 15: Forecasts for FY 3/20
Ⅱ．Forecasts for FY 3/20 Regarding the forecasts for the full year, no changes have been made in the outlook announced on November 7, 2019.
Slide 16: Forecasts for FY 3/20
Ⅱ．Forecasts for FY 3/20 Forecasts for FY 3/20 (¥bn.) FY 3/19 FY 3/20 YOY Previous Q3 full year forecasts result Amount % (Nov. 2019) (cumulative) forecasts Net sales 336.7 248.0 350.0 + 13.3 + 4.0% 350.0 Operating profit 21.7 16.0 22.0 + 0.3 + 1.3% 22.0 (Ratio to sales) 6.5% 6.4% 6.3% - - 6.3% Ordin
Slide 17: Analysis in Changes in Operating Profit
Ⅱ．Forecasts for FY 3/20 Analysis in Changes in Operating Profit raw material and foreign fuel costs prices volume exchange others 28.0 + 2.0 - 0.2 + 2.1 - 0.1 - 3.5 + 0.3 24.0 20.0 SRF, “COSMOPEEL”, （¥bn.） VOC emission treatment 16.0 equipment, etc. Nylon, Olefin, 12.0 Polyester Fire accident, 21.7
Slide 18: Forecasts by Segment
Ⅱ．Forecasts for FY 3/20 Forecasts by Segment (¥bn.) Net sales Operating profit (loss) Previous FY 3/19 FY 3/20 FY 3/19 FY 3/20 forecasts YOY (Nov. 2019) result forecasts result forecasts Films & 156.2 166.0 13.7 15.4 + 1.7 15.4 Functional Polymers Industrial Materials 66.5 65.0 2.6 1.2 - 1.4 1.2 Hea
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: All Rights Reserved
Ideas & Chemistry All Rights Reserved