Outline of Consolidated Results for the Fiscal Year Ended March 2015 May 1, 2015
Outline of Consolidated Results for the Fiscal Year Ended March 2015
May 1, 2015
© 2013 1
Contents
1. Outline of Consolidated Results for the Fiscal Year Ended March 2015 P. 2
2. Progress of Investment Plan P. 7
3. Consolidated Earnings Forecast for the Fiscal Year Ending March 2016 P. 9
4. Supplementary Materials P. 14
1. Outline of Consolidated Results for the Fiscal Year Ended March
2015
2
© 2013 3
-4%-7.2
+12%+920.2
-7%-5.5
+5%+8.1
Net sales Operating income
Ordinary income
Net income
Consolidated Results
7,743.2
March 2014 Results
March 2015 Results
8,663.4
161.3 169.4 163.4 156.2
73.0 67.5
(Billion yen)
◆Increase in sales and decrease in income YoY (operating income increased, but ordinary income and net income decreased)
⇒ Net sales: Growth centered on the Machinery, Energy & Project DivisionOperating income: Increased due to higher gross profit despite increases in SG&A
expensesOrdinary income: Decreased mainly due to lower share of profit of entities accounted
for using the equity method in the Metals DivisionNet income: Decreased due to lower ordinary income despite gain on negative goodwill
© 2013 4
March 2014Results
March 2015Results
+2.0
+6.5
-1.2
+2.5
+5.4
-2.4
Positive and Negative Factors behind YoY Change in Operating Income
(Billion yen)
161.3
169.4
March 31, 20148.95 million units
March 31, 20158.95 million units
Positive factor
Negative factor
+1.7
Toyota Motor’s car production volume
Toyota Motor’s car production volume
Market prices
-6.5
-0.5
Offset of foreign exchange gains included in non-operating category, etc.
Forex effect from yen depreciation
Change in fiscal year
Newlyconsolidated subsidiariesDemand/
trading volume
Other
Unit car sales
Allowance for doubtful accounts
+0.6Car production volume
© 2013
Liabilities
Assets
Balance Sheets
5
Net Assets
March 31, 2015
(Billion yen)
Current liabilities1,935.3
Current assets2,520.8
Investments/Other618.2
PPE/Intangibles933.6
2,769.2
984.2
780.2
(Net worth: 972.7) (Net worth: 1,125.5)
Retained earnings: Net unrealized gains on available-for-sale securities, net of taxes: Foreign currency translation adjustments:
Increase in total assets: +460.9
Net assets1,156.0
1,304.4
Long-term liabilities981.3
2,061.7
1,167.4
Increase in net assets: +148.4
Increase in total liabilities: +312.6
Interest-bearing debt:Trade notes and accountspayable:
(Total: 4,072.7) (Total: 4,533.6)
(Total: 3,229.2)(Total: 2,916.6)
Increase in cash and equivalents:Increase in trade notes and accountsreceivable: Increase in inventories:Investment securities & other investments:
+87.1
+78.1+54.6
+106.9
+231.7
+18.2
+43.8
+59.4
+53.0
March 31, 2014
© 2013 6
Cash Flows (Billion yen)
March 2014 March 2015Change
Results ResultsNet cash provided by operating activities 133.9 169.1 35.2Net cash used in investing activities -135.5 -199.5 -64.0Free cash flow -1.6 -30.4 -28.8
-135.5
169.1133.9
-199.5
-30.4
March 2014 Results March 2015 Results
Net cash provided by operating activities
Net cash used in investing activities
Free cash flow
-1.6
2.Progress of Investment Plan
7
© 2013
Amount
Solar and wind power generation business (Eurus) Gas development projects in Australia and Canada Tender offer bid for shares of TOMEN ELECTRONICS
CORPORATION
Progress of Investment Plan
Automotive
Expansion of automobile production facilities Investment in dealer facilities and base expansion Investment in automotive parts wholesalers in Malaysia and
Thailand
Non-automotive
Total 146.8
Total 61.9
(Billion yen)
Investment in FY Ended March 2015
Main Projects
Total 208.7
8
3. Consolidated Earnings Forecast for the Fiscal Year Ending March
2016
9
© 2013 10
Assumptions of Forecast for the Fiscal Year Ending March 2016
Benchmark Forecast for Full Fiscal Year
Exchange rate USD 1 JPY 115EUR 1 JPY 125
Toyota Motor’s automobile production 9.12 million units
© 2013 11
-3%-263.4
-7%-11.4 +1%
+1.8
+4%+2.5
Forecast for the Fiscal Year Ending March 2016
Net sales Operating income
Ordinary income
Net incomeAttributable to owners of
the parent
8,663.4
(Billion yen)
March 2015 Results
March 2016 Forecast
8,400.0
169.4158.0 156.2 158.0
67.5 70.0
© 2013
+10%+189.0 -35%
-678.1
12
+8%+72.5
-0%-6.5
+6%+122.5
+10%+39.6
-0%-0.1
Metals
1,961.0
2,150.0
(Billion yen)
Global Parts & Logistics
Automotive Machinery, Energy & Project
Chemicals & Electronics
Food & Agribusiness
Consumer Products &
Services
927.51,000.0
1,306.51,300.0
1,948.1
1,270.0
1,947.52,070.0
410.4 450.0
160.1 160.0
March 2015 Results
March 2016 Forecast
Forecast by Division (Net Sales)
© 2013 13
-8%-4.3
-8%-1.8
-9%-3.4
-8%-1.8
--
+11%+0.6
-8%-0.4
54.350.0
22.821.0
36.433.0
22.320.5
33.0 33.0
5.46.0 6.4 6.0
(Billion yen)
March 2015 Results
March 2016 Forecast
Forecast by Division (Operating Income)
Metals Global Parts & Logistics
Automotive Machinery, Energy & Project
Chemicals & Electronics
Food & Agribusiness
Consumer Products &
Services
4. Supplementary Materials
14
© 2013 15
Supplementary Materials (Contents)
Supplementary Materials 1:Net Sales and Operating Income by Division with YoY Comparison P. 16
Supplementary Materials 2: Net Sales and Operating Income by Geographical Area with YoY Comparison P. 21
© 2013 16
Metals
1,961.0
(Billion yen)
Global
Parts
& Logistics**
Automotive Machinery, Energy &
Project
Chemicals &
Electronics
Food &Agribusiness
Consumer Products &
Services
927.5
1,306.5
1,948.1 1,947.5
410.4
160.1
March 2014 Results
March 2015 Results
Consolidated Results by Division
Forex effect*
Supplementary Materials 1:
+19%+8.8
-5%-1.2
-12%-4.8
-4%-1.0
+15%+4.3
-11%-0.6
-14%-1.1
54.3
22.8
36.4
22.3
33.0
5.4 6.4
【Net Sales】 【Operating Income】
-3%-33.5
+3%+62.9
-2%-22.9
+24%+376.0
+10%+182.2
+24%+79.9
-7%-11.7
* Percentage change calculations above do not include the effect of foreign currency translation.** Effective April 1, 2014, the name of the Global Production Parts & Logistics Division was changed to the Global Parts & Logistics Division.
Metals Global
Parts
& Logistics**
Automotive Machinery, Energy &
Project
Chemicals &
Electronics
Food &Agribusiness
Consumer Products &
Services
© 2013
+3%
17
Net sales Operating income
Net sales Operating income
-2%
Supplementary Materials 1-1:
Net Sales and Operating Income by Division(Year-on-Year Comparison)
+19%
Metals Division Global Parts & Logistics Division
(Billion yen)
45.5
Net sales & Operating income
Increase in automobile production in North America and effect of unification of accounting period
-5%
950.4 927.5
891.6
-22.9
58.8 24.0 22.8
22.91.1
-1.2
1,961.0
69.9
1,898.1
54.3
43.61.9
+8.8
+62.91,828.2
Net sales & Operating income
Lower trading volume in China and Thailand, etc.
© 2013
+24%-3%
18
-12%-4%
Automotive Division Machinery, Energy & Project Division
Net sales Operating income
(Billion yen)
41.2
Net sales Operating income
45.4
23.3
23.8
-0.5
-1.0
Net sales Increase in trading volume of petroleum
products, etc.
Operating incomeEffect of electric power substations handled
in the fiscal year ended March 31, 2014, etc.
1,306.5
1,298.0 -33.5
42.0
1,340.0
36.4
39.61.6
-4.8
1,572.1
1,948.1
22.3
+376.01,526.7
Net sales & Operating income
Reduction in export volume at parent company and lower trading volume at overseas sales companies, etc.
Supplementary Materials 1-2:
Net Sales and Operating Income by Division(Year-on-Year Comparison)
© 2013 19
+10%
-11%+24%+15%
Chemicals & Electronics Division
Net sales Operating income
1,947.5
1,706.5+182.2
58.8
1,765.3
33.0
1.4
+4.3
Food & Agribusiness Division
(Billion yen)
Net sales Increase in trading volume of grain handled
overseas, etc.
Operating income Lower market prices, etc.
Net sales Operating income
330.5410.4
319.8
+79.9
10.7
5.5
5.46.0
0.5
-0.6
27.3
28.7
Net sales & Operating income
Increase in trading volume of electronics-related products and effect of newly consolidated subsidiaries, etc.
Supplementary Materials 1-3:
Net Sales and Operating Income by Division(Year-on-Year Comparison)
© 2013 20
-7%-14%
Consumer Products & Services Division
(Billion yen)
Net sales Operating income
160.1
169.52.3
171.86.4
-1.1
7.5
-11.7
Net sales & Operating income
Decrease in trading volume of textile-related products
Supplementary Materials 1-4:
Net Sales and Operating Income by Division(Year-on-Year Comparison)
© 2013 21
+2%+0.9
+4%+1.6
+25%+4.8
+9%+1.9
-6%-1.1
+10%+399.3 +16%
+281.2
+19%+118.0
+11%+97.8
+11%+24.0
Supplementary Materials 2:Net Sales and Operating Income by Geographical Area(Year-on-Year Comparison)
Net Sales Operating Income
Japan Asia & Oceania
North America
Europe Other areas
(Billion yen)
4,591.7
4,192.4
2,082.6
1,801.4
738.8620.8
1,001.2903.4
248.9224.9
Japan Asia & Oceania
North America
Europe Other areas
59.358.4
42.841.2
24.019.2
23.221.3 20.4
March2014
Results
March2015
Results
March2014
Results
March2015
Results
19.3
© 2013 22
Inquiries:
Investor Relations Group
E-mail [email protected]
Tokyo
TEL +81-3-4306-8201
FAX +81-3-4306-8818
◆ This presentation contains “forward-looking statements” about the strategies and plans of Toyota Tsusho Corporation and its Groupcompanies that are not historical facts. These forward-looking statements are subject to a number of risks and uncertainties thatcould cause the Group’s actual or implied operating environment, performance, results, financial position, etc. to differ materiallyfrom the information presented here, which is based on assumptions and beliefs in light of information currently available to themanagement at the time of publication. The Group assumes no obligation to update or correct these forward-looking statements.
◆ This presentation is not intended to solicit, offer, sell or market securities, and should not be the sole basis for making investmentand other decisions.