Your SlideShare is downloading. ×
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Toyota tsusho 120511kessan.en
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Toyota tsusho 120511kessan.en

152

Published on

Published in: Economy & Finance, Technology
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
152
On Slideshare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Outline of Consolidated Results forthe Fiscal Year Ended March 2012 May 11, 2012 Inquiries to: Investor Relation Group E-mail: ttc_ir@pp.toyota-tsusho.com Tel: +81-3-4306-8201 Fax: +81-3-4306-8818 1
  • 2. 1. Outline of Consolidated Results 1. Outline of Consolidated Results for the Fiscal Year Ended March 2012 for the Fiscal Year Ended March 20122. Progress of Investment Plan3. Consolidated Earnings Forecast for the Fiscal Year Ending March 20134. Supplementary Materials 2
  • 3. Highlights◆ Results: Increases in sales and income (2 consecutive years of increases in net sales and ordinary income) ・ Net sales: Increases in sales volume, mainly in Metals Division and Machinery, Energy & Project Division ・ Ordinary income: Increase in operating income◆ Increases in total assets and net assets (net worth) ・ Net interest-bearing debt: Up ¥90.7 billion from ¥581.4 billion as of March 31, 2011 to ¥672.1 billion as of March 31, 2012 ・Net DER: 1.0 times as of March 31, 2012, unchanged from March 31, 2011◆ Consolidated ROE improved 2.7 percentage points from March 31, 2011 ・ From 8.0% for fiscal year ended March 2011 to 10.7% for fiscal year ended March 2012◆ Dividend increase From ¥28 per share annually (incl. ¥12 interim dividend) for fiscal year ended March 2011 to ¥42 per share annually (planned; incl. ¥16 interim dividend) for fiscal year ended March 2012 3
  • 4. Consolidated Results for the Fiscal Year (Billion yen) Ended March 2012 (% denotes year-on-year change)5,743.6 5,916.7 March 2011 March 2012 Results Results +3% 115.1 104.2 92.4 85.2 +10% 66.2 47.1 +8% +40% Net sales Operating Ordinary Net income income income 4
  • 5. Increase in Total Assets and Net Assets (Net Worth) March 31, 2011 March 31, 2012 Increase in total assets: +¥401.2 billion (Billion yen) Cash & cash equivalents: +¥102.1 billion Current assets Current assets Trade notes & accounts receivable: +¥156.4 billion 1,672.9 1,976.9 Inventories: +¥27.4 billion Property and equipment: +¥80.5 billion PPE & Intangible PPE & Intangible 367.9Assets 465.6 Increase in net assets: +¥84.4billion Investments & Other Investments & 395.3 Other 394.8 [Increase in Net Worth: +¥44.8 billion] Retained earnings: +¥52.1 billion Total assets Foreign currency Total assets 2,436.2 2,837.4 translation adjustments: -¥ 8.3 billion [Other increases: +¥ 39.5 billion]Net Assets Net assets Net assets Minority interests: +¥ 39.5 billion 667.3 751.7 (Net worth: 595.5) (Net worth: 640.3) 5
  • 6. Cash Flows (Billion yen) ・ Proactive investment for business enhancements: ca. ¥105.0 billion Capital investments: ca. ¥40.0 billion Investment in companies: ca. ¥65.0 billion ・Automotive : Non-automotive ratio: ca. 2:8 +97.3 +63.7 Net cash used in investing activities +5.0 Net cash provided Free cash flow Net cash provided by by operating financing activities activities -58.7 Borrowing increased inIncrease due to consideration of net income emergency crisis response 6
  • 7. Net Sales and Operating Income by Division (Year-on-Year Comparison) (Billion yen) 1,655.3 1,224.5 1,137.2 Net sales March 2011 March 2011 results results 620.8 668.8 +4% +21% -0% 311.1 295.1 +2% +2% +10% +1% Global Production Automotive Machinery, Chemicals & Produce & Consumer Products, Metals Parts & Logistics Energy & Project Electronics Foodstuffs Services & Materials 32.3 -1%Operating 25.4 income +249% 13.3 -11% 9.9 -82% 11.5 +15% +3% 0.5 2.5 *The above percentages include the impact of foreign exchange. 7
  • 8. Net Sales and Operating Income by Division – Metals, Global Production Parts & Logistics – (Billion yen) Metals Division Global Production Parts & Logistics Division +4% +2% 1,630.8 1,655.3 -11%35.6 642.1 620.8 +3% 1,595.2 37.9 32.3 33.8 1.5 608.3 36.4 10.3 9.9 +60.1 -4.1 +12.5 0.7 9.6 +0.3 Net sales Operating income Net sales Operating income[Net sales] [Net sales]・ Higher market prices (ca. +¥40.0 billion) ・ Increase in automotive parts sales volume・ Increase due to car production (ca. +¥34.0 billion) (ca. +¥12.0 billion)・ Decrease in demand (ca. -¥14.0 billion) ・ Increase in sales volume of logistics, etc. (ca. +¥0.6 billion)[Operating income]・ Decline due mainly to lower car production in North [Operating income] ・ Essentially unchanged America and Thailand 8
  • 9. Net Sales and Operating Income by Division – Automotive, Machinery, Energy & Project – (Billion yen) Automotive Division Machinery, Energy & Project Division +21% +2% 1,224.5 1,029.0 682.5 668.8 +15% 19.1 -82% 1,009.928.0 654.5 23.4 25.4 -2.6 +214.6 0.1 3.2 +14.3 1.3 22.1 0.5 +3.3 3.1 Net sales Operating income Net sales Operating income[Net sales] [Net sales] ・ Decrease in export volume of automobiles at parent ・ Increase in machinery-related (ca. +¥31.0 billion) company (ca. -¥42.0 billion) Of which automobile-related (ca. +¥32.0 billion)・ Increase in sales at automobile distributors ・ Increase in energy- and plant-related (ca. +¥183.0 billion) (ca. +¥57.0 billion → Russia +¥24.0 billion; Africa +¥13.0 billion; Of which crude oil-related (ca. +¥175.0 billion) Australia & Asia +¥12.0 billion; Europe -¥2.5 billion; other +¥10.0 [Operating income]billion) ・ Decreased profitability of Australian coal project[Operating income]・ Increase due to higher sales at automobile distributors 9
  • 10. Net Sales and Operating Income by Division – Chemicals & Electronics,Produce & Foodstuffs – (Billion yen) Chemicals & Electronics Division Produce & Foodstuffs Division -0% +10% 1,166.5 1,137.2 -1%23.8 291.0 311.1 +249% 1,142.7 7.7 283.3 12.0 11.5 2.5 -5.5 0.4 11.6 +27.8 0.1 0.8 -0.1 +1.8 0.7 Net sales Operating income Net sales Operating income[Net sales] [Net sales]・ Decrease in electronic parts sales volume ・ Increase in sales of wheat, etc., and higher market (ca. -¥22.0 billion) prices (Automotive +¥18.0 billion; Non-automotive -¥40.0 billion)・ Increases in sales volume of chemical products and synthetic resins (ca. +¥16.0 billion) [Operating income] ( Automotive +¥9.0 billion; Non-automotive +¥7.0 billion ) ・ Increase due to higher net sales[Operating income]・Essentially unchanged 10
  • 11. Net Sales and Operating Income by Division – Consumer Products, Services & Materials – (Billion yen) Consumer Products, Services & Materials Division +1% 297.6 295.14.0 13.3 293.6 0.1 +12.6 +1.5 0.8 0.7 Net sales Operating income[Net sales]・ Essentially unchanged[Operating income]・ Increase due to sales of real estate held for sale, impact of application of lower-of-cost-or-market method in previous year, etc. 11
  • 12. Overview of Positive/Negative Factors Affecting Operating Income for the Fiscal Year Ended March 2012・Car Production Volume (Toyota Motor) Total: Lower-of-cost- Mark-to- Billion yen Total: market 7.34 million units or- market accounting for Decline in 7.53 million units method, non-ferrous car exports allowance for metals Production- doubtful Number FY ended ChangeNumber of FY ended receivables, -1.7 related of units Mar.2011units Mar.2011 temporary -1.1 AustralianJapan 3.01 million +5.0 factors, etc. -1.9 coal Japan Overseas 3.12 million 4.41 million + 0.11 million + 0.07 millionOverseas 4.34 million business Impact of Increase +11.6 strong yen on in car -3.8 currency 92.4 Mainly impact of sales lower production in exchange +2.4 North America and Higher Thailand -3.9 +0.6 market Increase 85.2 in demand prices Positive factors Negative factors Result Decline in demand Result for metals and Metals, food market electronics, covered prices improved. by production Semiconductor machinery market prices worse FY ended Mar.2011 Fiscal Year Ended March 2012 12
  • 13. 1. Outline of Consolidated Results 1. Outline of Consolidated Results for the Fiscal Year Ended March 2012 for the Fiscal Year Ended March 20122. Progress of Investment Plan3. Consolidated Earnings Forecast for the Fiscal Year Ending March 20134. Supplementary Materials 13
  • 14. Progress of Investment Plan (Fiscal Years Ended March 2012/Ending March 2013)Investment Plan (two years) Investment as of 4Q of fiscal year ended March 2012 Major investments in the fourth quarter Non-automotive investment Non-automotive Funded ・Acquired additional shares in Eurus Energy Holdings Corporation 1Q – 3Q ¥58.9 billion ・Bass Gas Project in Australia (acquisition of interest) 4Q ¥29.5 billion ・Elematec Corporation tender offer (capital and business alliance) Total ¥88.4 billion 合計 884億円 ・Coalbed methane (CBM) development and but not yet Approved production in Alberta, Canada funded ・Australia CBM Gas Project (development fee) Total ¥59.8 billion ・Overseas power generation businessTotal ¥190 billion ・Others Major investments in the fourth quarter Automotive investment Funded Automotive ・Overseas used car business 1Q – 3Q ¥15.8 billion ・Established joint venture with parts manufacturer (overseas) 4Q ¥11.0 billion ・Established overseas dealership Total ¥26.8 billion ・Expansion of overseas tire assembly business but not yet Approved funded ・Establishment of new dealerships in emerging countries Total ¥24.0 billion Total ¥60 billion ・Others Funded ¥115.2 billionTotal ¥250 billion Unfunded ¥83.8 billion Total ¥199.0 billion 14
  • 15. 1. Outline of Consolidated Results 1. Outline of Consolidated Results for the Fiscal Year Ended March 2012 for the Fiscal Year Ended March 20122. Progress of Investment Plan3. Consolidated Earnings Forecast for the Fiscal Year Ending March 20134. Supplementary Materials 15
  • 16. Assumptions of Forecast for the Fiscal Year Ending March 2013Indicators for Fiscal Year Forecast for Full Fiscal YearEnding March 2013 Exchange Rate JP¥80/JP¥105 (1US$/1EUR) Interest rates (p.a.) JP¥ (Short-term) 0.4% JP¥ (Long-term) 1.1% US$ 0.4% EUR 0.8%Toyota Motor’s automobileproduction 8.55 million units 16
  • 17. Forecast for the Fiscal Year Ending March 2013 +13% (Billion yen) Results Forecast 6,700.0 March 2012 March 2013 Results Forecast5,916.7 +10% +24% 127.0 115.0 115.1 +6% 92.4 66.2 70.0 Net sales Operating Ordinary Net income income income 17
  • 18. Forecast by Product (Net sales) (Billion yen)(% denotes year-on-year change) Results Forecast +15% March 2012 March 2013 +22% Results Forecast 1,900.0 +4%1,655.3 1,390.0 1,270.0 +20% 1,224.5 +18% 1,137.2 800.0 730.0 668.8 620.8 +1% -2% 311.1 315.0 295.1 290.0 Metals Global Production Automotive Machinery, Chemicals & Produce & Consumer Products, Parts & Logistics Energy & Project Electronics Foodstuffs Services & Materials 18
  • 19. Forecast by Product (Operating income) (Billion yen)(% denotes year-on-year change) +36% Results Forecast March 2012 March 2013 44.0 Results Forecast32.3 +6% +47% +61% 25.4 27.0 -18% 17.0 16.0 13.3 9.9 11.5 11.0 -22% +80% 2.5 2.0 1.0 0.5Metals Global Production Automotive Machinery, Chemicals & Produce & Consumer Products, Parts & Logistics Energy & Project Electronics Foodstuffs Services & Materials 19
  • 20. Supplementary Materials 20
  • 21. Supplementary Materials (Contents)Pages22・・・ <Supplementary Materials 1> Selling, General and Administrative Expenses23・・・ <Supplementary Materials 2> Non-operating Income and Expenses24・・・ <Supplementary Materials 3> Number of Consolidated Subsidiaries25・・・ <Supplementary Materials 4> Situations of Companies with Losses and with Negative Net Worth26・・・ <Supplementary Materials 5> Net Sales and Operating Income by Geographical Area 21
  • 22. <Supplementary Materials 1> Selling, General & Administrative Expenses (Billion yen)Selling, General & Administrative Expenses Mar. 2012 Mar. 2011 Year-on-year Breakdown Major factors for increases/decreases results results changes (%) 5.0 Personnel expenses 132.9 127.9 +¥1.5 billion from new company (3.9%) Depreciation expenses 0.6(incl. amortizaion of goodwill) 30.6 30.0 (1.9%) Provision for doubtful -4.6 receivables 0.1 4.7 (-96.9%) Due to a +¥1.6 bil. increase in charges and fees, a 5.3 +¥1.1 bil. increase in traffic and traveling Other expenses 87.8 82.5 expenses, and an increase in miscellaneous (6.4%) expenses 6.1 Subtotal 251.5 245.4 (2.5%) 22
  • 23. <Supplementary Materials 2> Non-operating Income and Expenses (Billion yen)Non-operating Income and Expenses Mar. 2012 Mar. 2011 Year-on-year Major factors for increases/decreases results results changes Interest income 3.0 2.8 0.2 Interest expenses/ interest on CP -13.6 -13.8 0.2 Increase at parent company and overseas Dividend income 11.3 9.9 1.4 subsidiaries Mainly an increase in earnings at equity Equity in the earnings of method affiliates of the Machinery, Energy & unconsolidated subsidiaries 15.3 13.6 1.7 Project Division and the Chemicals & and affiliates Electronics Division Other income 6.6 6.3 0.3 Subtotal 22.7 18.9 3.8 23
  • 24. <Supplementary Materials 3> Number of Consolidated Subsidiaries: 579 (up by 141 from March 2011) March 2012 No. of consolidated subsidiaries Total no. of affiliated companies under Financial Changes from March 2011 Instruments and Exchange Those with losses Law Subsidiaries 404 44 117* 485 Domestic 95 12 20 113 Overseas 309 32 97 372 Equity method affiliates 175 27 24** 238 Domestic 17 3 -2 32 Overseas 158 24 26 206 Total 579 71 141 723* An increase of 136 due to new consolidation, and a decrease of 19 due to merger, sale, liquidation, etc.** An increase of 44 due to new application of the equity method, and a decrease of 20 due to change to consolidated subsidiary, sale, etc.◆ Subsidiaries and affiliates are determined based on effective-control and influence approaches.◆ Non-consolidated subsidiaries are mostly those within three years of foundation having little materiality. 24
  • 25. <Supplementary Materials 4> Situations of Companies with Losses and with Negative Net Worth With losses With profits With negative net worth Mar. Mar. Mar. Mar. Mar. Mar. 2011 2012 2011 2012 2011 2012 No. of No. ofcompanies 43 44 244 360 companies 8 8Equity inearnings/ Net Assets losses -3.8 -4.0 59.2 65.5 (billion -4.0 -4.7 (billion yen) yen) 25
  • 26. <Supplementary Materials 5> Net Sales and Operating Income by Geographical Area (Year-on-Year Comparison) (Billion yen) 3,789.7 3,629.4 1,281.0 1,293.9 Net sales March 2011 March 2012 results results 425.0 392.4 +1% 264.4 283.4 +4% -8% 143.6 157.2 +7% +9% Japan Asia & Oceania North America Europe Other areas 34.3 31.7Operating 31.0 income 20.4 13.4 10.5 12.4 7.3 9.7 6.7 -7% +28% +51% -22% -8% 26
  • 27. <Supplementary Materials 5-1> Net Sales and Operating Income by Geographical Area - Japan, Asia & Oceania - (Billion yen) Japan Asia & Oceania +4% +1% 3,789.7 +51% -7% 3,629.4 1,293.9 1,281.0 34.3 31.7 31.0 20.4 +160.3 +12.9 -2.6 +10.6 Net sales Operating income Net sales Operating income[Net sales] [Net sales]・ Increase in sales volume of parent-company ・ Increase in sales volume at bunker oil sales company in Machinery, Energy & Project Division and Metals Singapore and automobile distributors in Oceania Division[Operating income] [Operating income] ・ Decrease due to lower profitability of Australian coal・ Increase due to sales of real estate held for sale by project parent-company Consumer Products, Services & Materials Division, impact of the application of lower- of-cost-or-market method in the previous year, etc. 27
  • 28. <Supplementary Materials 5-2> Net Sales and Operating Income by Geographical Area - North America, Europe - (Billion yen) North America Europe -8% -7% 425.0 -22% 283.4 -8% 392.4 264.4 13.4 10.5 7.3 6.7 -32.6 +19.0 -2.9 -0.6 Net sales Operating income Net sales Operating income[Net sales] [Net sales]・Decrease in sales volume at U.S. subsidiaries in Global ・Increase in sales volume at automobile distributors in Production Parts & Logistics Division and Produce & Russia Foodstuffs Division [Operating income][Operating income] ・Decrease due to decrease in sales volume at automobile・Decrease due to lower profitability of U.S. subsidiaries in Metals Division, Global Production Parts & Logistics distributors in Europe other than Russia and European Division and Produce & Foodstuffs Division subsidiaries 28
  • 29. <Supplementary Materials 5-3> Net Sales and Operating Income by Geographical Area - Other Areas - Other areas (Billion yen) +9% +28% 157.2 143.6 12.4 9.7 +13.6 +2.7 Net sales Operating income[Net sales]・Increase in sales at African subsidiaries in the Global Production Parts & Logistics Division, automobile distributors in Africa and a cottonseed oil refining company in Brazil[Operating income]・Increase due to higher sales at automobile distributors in Africa and a cottonseed oil refining company in Brazil 29

×