outline of consolidated results for the fiscal year ended ... · 5/2/2014 · net sales ....

Outline of Consolidated Results for the Fiscal Year Ended March 2014

May 2, 2014

© 2013 1

Contents

1. Outline of Consolidated Results for the Fiscal Year Ended March 2014 2

2. Progress of Investment Plan 7

3. Consolidated Earnings Forecast for the Fiscal Year Ending March 2015 9

4. Supplementary Materials 14

1. Outline of Consolidated Results for the Fiscal Year Ended March

2014

2

© 2013

+31% +38.6

+23% +1,438.9

+8% +5.6

+39% +45.5

3

Net sales Operating income

Ordinary income

Net income

Consolidated Results

6,304.3

March 2013 Results

March 2014 Results

7,743.2

115.8 161.3 124.8

163.4

67.4 73.0

(Billion yen)

◆Increases in sales and income YoY (net sales, operating income, ordinary income and net income have increased for four consecutive years)

⇒ Net sales: Growth centered on the Automotive Division from newly consolidated subsidiaries and the foreign exchange impact from the depreciation of the yen

Operating income and ordinary income: Increases mainly in the Chemicals & Electronics Division and the Machinery, Energy & Project Division

Net income: Increased due to higher ordinary income, despite extraordinary losses

© 2013 4

Positive and Negative Factors behind YoY Change in Operating Income

(Billion yen)

March 31, 2013 8.56 million units

March 31, 2014 8.95 million units

Positive factor

Negative factor

Toyota Motor’s car production volume

Toyota Motor’s car production volume

March 2013 Results

March 2014 Results

+2.8

+4.5

+13.5

+1.4

+9.0

+10.4

-5

Car production volume

Forex effect from yen

depreciation 115.8

161.3

New consolidated subsidiaries

Demand/ sales volume

Nonrecurring items

+4.4 Offsetting foreign

exchange losses

included in non-

operating category, etc.

Unit car sales

Market prices

© 2013

Assets

5

Net Assets

Balance Sheets

March 31, 2013 March 31, 2014

(Billion yen)

Net assets 920.0

1,156.0

Total assets 3,592.3

Current assets 2,294.1

Investments/Other 488.1

PPE/Intangibles 810.0

2,520.8

933.6

618.2

4,072.7

（Net worth: 760.1）（Net worth: 972.7）

Increase in receivables +161.7 Investment securities: +97.1 Intangible assets: +64.8 Property and equipment: +58.8

[Increase in net worth: +212.6] Retained earnings: +53.5 Foreign currency translation adjustments: +121.8 Net unrealized gains or losses on available-for-sales securities, net of taxes +33.9

[Other increases: +23.5] Minority interests: +24.0

Increase in total assets:+480.4

Increase in net assets: +236.0

© 2013 6

Net cash provided by operating activities

Net cash used in investing

activities

Free cash flow Net cash provided by

financing activities

Cash Flows (Billion yen)

-135.5

+133.9 +5.3

Increase due to net income

Automotive: Non-automotive ratio ca. 45 ： 55

-1.6

2．Progress of Investment Plan

7

© 2013

Amount

Gas development projects in Australia and Canada Investment in German scrap recycler

Eurus Energy Holdings Corporation, a solar power generation business in Japan Acquisition of equity stake in Fuji Sangyo

Co., Ltd.

Acquisition of auto-parts and industrial supplies distributors in Malaysia and Thailand Enhancement of automotive-related facilities

Approved but not yet

funded

Approved but not yet

funded

Progress of Investment Plan

Automotive

Enhancement of automotive-related facilities Existing dealer capital investment

Funded

Funded

Non- automotive

Total 27.2

Total

Total 81.4

Total 64.7

Total 155.3

250.0

(Billion yen)

Investment in FY ended March 2014

Plan (Two years)

Main Projects

Automotive investment

1Q – 3Q 47.4

4Q 17.3

Non-automotive investment 1Q – 3Q 56.8

4Q 24.6

Unfunded 182.5 Total 328.6

Funded 146.1

8

3. Consolidated Earnings Forecast for the Fiscal Year Ending March 2015

9

© 2013 10

Assumptions of Forecast for the Fiscal Year Ending March 2015

Benchmark Forecast for Full Fiscal Year

Exchange Rate USD 1 JPY 100 EUR 1 JPY 140

Toyota Motor’s automobile production 9.19 million units

© 2013

+11% +856.8

+8% +13.7

+8% +13.6

+10% +7.0

11

Forecast for the Fiscal Year Ending March 2015


Ordinary income

Net income

7,743.2

(Billion yen)

March 2014 Results

March 2015 Forecast

8,600.0

161.3

175.0 163.4

177.0

73.0 80.0

© 2013

+13% +231.8 -5%

-71.7

+9% +78.4

+10% +132.0

+20% +333.5

+44% +140.2

+6% +10.5

12

Metals

1,828.2

2,060.0

(Billion yen)

Global Parts & Logistics*

Automotive Machinery, Energy & Project

Chemicals & Electronics

Food & Agribusiness

Consumer Products &

Services

891.6 970.0

1,298.0 1,430.0

1,526.7 1,455.0

1,706.5

2,040.0

319.8 460.0

169.5 180.0

March 2014 Results

March 2015 Forecast

Forecast by Product (Net Sales)

*Effective April 1, 2014, the Global Production Parts & Logistics Division was renamed the Global Parts & Logistics Division.

© 2013

+10% +4.4

-9% -1.9

+12% +4.9

+1% +0.2

+11% +3.2

+44% +2.5

+7% +0.5

13

Metals

43.6 48.0

Automotive Machinery, Energy & Project

Chemicals & Electronics

Food & Agribusiness

Consumer Products &

Services

22.9 21.0

39.6 44.5

23.8 24.0 27.3

30.5

5.5 8.0 7.5 8.0

(Billion yen)

March 2014 Results

March 2015 Forecast

Forecast by Product (Operating income)

Global Parts & Logistics*

*Effective April 1, 2014, the Global Production Parts & Logistics Division was renamed the Global Parts & Logistics Division.

4. Supplementary Materials

14

© 2013 15

Supplementary Materials (Contents)

Supplementary Materials 1:

Net Sales and Operating Income by Segment with YoY Comparison 16

Supplementary Materials 2:

Net Sales and Operating Income by Geographical Area 21

Supplementary Materials 3: Number of Consolidated Subsidiaries 22

© 2013

+47% +414.3

-1% -9.5

-4% -34.7

+15% +198.6

+21% +292.6

+3% +8.2

-1% -1.2

+8% +3.1

+2% +0.4

+11% +3.8

+118% +12.9

+128% +15.3

+98% +2.7

-16% -1.5

16

Metals

1,828.2

(Billion yen)

Global Production

Parts & Logistics

Automotive Machinery, Energy &

Project

Chemicals &

Electronics

Food & Agribusiness

Consumer Products & Services**

891.6

1,298.0

1,526.7 1,706.5

319.8 169.5

March 2013 Results

March 2014 Results

Supplementary Materials 1: Consolidated Results by Segment

Forex effect*

Metals Global Production

Parts & Logistics

Automotive Machinery, Energy &

Project

Chemicals &

Electronics

Food & Agribusiness

Consumer Products & Services**

43.6

22.9

39.6

23.8 27.3

5.5 7.5

【Net Sales】【Operating income】

*Percentage change calculations above do not include the effect of foreign currency translation. **Effective April 1, 2014, the Consumer Products, Services, & Materials Division was renamed the Consumer Products & Services Division. Results for the fiscal

year ended March 31, 2013 have been restated to conform to the segmentation after this change.

© 2013

-4% -1% +8% +2%

17

Net sales Operating income Net sales Operating income

Supplementary Materials 1-1: Net Sales and Operating Income by Segment with YoY Comparison

Metals Division Global Production Parts & Logistics Division

(Billion yen)

40.5

[Net sales] Lower market prices (ca. -12.0) Higher car production (ca. +9.0)

[Operating income] Factors including higher car production

926.3 891.6

790.8

-34.7

135.5 22.5 22.9

19.7 2.8

+0.4

[Net sales] Decrease in auto parts sales volume (ca. -24.0) Increase in sales volume of logistics, etc. (ca. -8.0）

[Operating income] Offsetting foreign exchange losses included in non- operating category, etc.

1,828.2

1,694.1

143.6

1,837.7

43.6

36.2 4.3

+3.1

-9.5

© 2013

+47% +15%

+11% +118%

18

Automotive Division Machinery, Energy & Project Division


(Billion yen)

35.8

[Net sales] Increase due to effect of newly consolidated

subsidiaries (ca. +299.0) Increase in automobile export volume at parent

company (ca. +102.0)

[Operating income] Increase due to higher sales


1,328.1 1,526.7

74.7

10.9

23.8

10.4 0.5

+12.9

[Net sales] Higher energy-related sales volume (ca. +183.0) Increase in machinery-related (ca. +15.0)

[Operating income] Factors including higher sales and increase in

income of wind power generation subsidiaries

1,298.0

781.9 +414.3 101.8

883.7

39.6

31.2 4.6

+3.8 +198.6

1,253.4


© 2013

+21% +98%

+3% +128%

19

Chemicals & Electronics Division


[Net sales] Effect of newly consolidated subsidiaries (ca. +143.0) Higher chemical & resin sales volume (ca. +89.0) Increase in electronic parts unit sales (ca. +61.0)

[Operating income] Increase due to higher sales, etc.

1,706.5

1,324.8 +292.6

89.1

1,413.9

27.3

1.6

+15.3

Food & Agribusiness Division

(Billion yen)

[Net sales] Effect of newly consolidated subsidiaries, etc.


311.6 319.8

290.2 +8.2 21.4

2.5

5.5 2.8

0.3

+2.7

10.4

12.0


© 2013

-1% -16%

20


Consumer Products & Services Division

(Billion yen)


[Net sales & Operating income] Decrease in trading volume of textile-related

products

169.5

165.8 -1.2

4.9

170.7

7.5

0.1

-1.5

8.9

9.0

© 2013

+36% +15.3

+6% +2.3

+32% +4.6

+224% +14.8

+41% +5.9

+10% +371.8

+22% +325.5

+23% +117.2

+175% +575.5

+28% +48.8

21

Supplementary Materials 2: Net Sales and Operating Income by Geographical Area


Japan Asia & Oceania

North America

Europe Other areas

(Billion yen)

4,192.4

3,820.6

1,801.4

1,475.9

620.8

503.6

903.4

327.9

224.9 176.1

Japan Asia & Oceania

North America

Europe Other areas

58.4

43.1 41.2

38.9

19.2

14.6

21.3

6.5

14.5

March 2013

Results

March 2014

Results

March 2013

Results

March 2014

Results

20.4

© 2013 22

2013 2014 Change

150,211 172,978 22,767

22,883 22,683 -200

43,169 47,362 4,193

13,089 26,661 13,572

4,169 5,158 989

25,593 27,321 1,728

＊41,308 43,793 2,485

Export Volume by Region Retail Sales Volume by Region

(Units)

2013 2014 Change

Total 201,455 206,362 4,907

Asia & Oceania 45,956 45,368 -588

China, Hong Kong & Taiwan 40,553 40,880 327

Central & South America 40,239 32,703 -7,536

Middle East & Southwest Asia 56,942 63,969 7,027

Europe & Africa 14,144 19,259 5,115

Russia & NIS ＊3,621 4,183 562

Main Export Countries

Country 2013 2014 Change

Pakistan 42,593 39,077 -3,516

Australia 37,455 38,555 1,100

China 27,283 25,577 -1,706

Iraq 7,065 17,739 10,674

Hong Kong 13,270 15,301 2,031

Main Retail Countries

Country 2013 2014 Change

China 43,169 47,362 4,193

Russia 24,174 23,545 -629

U.K. 5,387 5,964 577

Angola 3,777 5,144 1,367

Kazakhstan 3,335 4,687 1,352

Supplementary Materials 3: Automobile Export Volume (Parent Company) and Retail Sales Volume by Region & Main Countries

*Certain year-on-year comparisons have been restated to conform with a new data-collection methodology.

Fiscal years ended March 31

© 2013 23

Inquiries:

Investor Relation 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 Group companies that are not historical facts. These forward-looking statements are subject to a number of risks and uncertainties that could cause the Group’s actual or implied operating environment, performance, results, financial position, etc. to differ materially from the information presented here, which is based on assumptions and beliefs in light of information currently available to the management 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 investment and other decisions.

outline of consolidated results for the fiscal year ended ... · 5/2/2014 · net sales ....

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