Financial Results of FY2011 (ending March 31, 2011) May 16, 2011

Transcription

1 Financial Results of FY211 (ending March 31, 211) May 16, 211

2 FY211 Earthquake Effects 1. Plant Damage Toyota Boshoku Tohoku Corporation 2. Extent of Damage Miyagi Plant (Ohira Village, Miyagi Pref.) Kitakami Plant (Kitakami City, Iwate Pref.) Esashi Plant (Oshu City, Iwate Pref.) Buildings: Parts of the ceilings and some walls were damaged Equipments: Not damaged 3. Effects on Operation Operations suspended after March 11 Except for some lines for service bumpers and commercially marketed filters 4. FY211 Performance (consolidated) Earnings Approx. minus 25 billion yen Approx. minus 4 billion yen (including the extraordinary losses of minus 1.8 billion yen) 1/11

3 FY211 Financial Results

4 FY211 Financial Results A slight increase in sales resulted in greatly improved profits due to effects of profit structure reformation. (1 million yen) 12, Yr/Yr % Changes in FOREX 22 5 Operating Ordinary Income Net Income Income (Loss) (Loss) (Loss) (Operating Income Ratio) (Ordinary Income Ratio) (Net Income Ratio) % Changes in FOREX % Changes in FOREX % Changes in FOREX 4 6, Consolidated vs Non-consolidated Ratio ,537 9, (2.6%) (3.7%) (2.5%) (3.7%) (.7%) (1.2%) 114 FY21 FY211 FY21 FY211 FY21 FY211 FY21 FY211 US$ yen yen RMB yen yen Thai baht 2.75 yen 2.75 yen EUR yen yen Net Income per Share Dividend 37. yen yen 13 yen 16 yen 2/11

5 Profit Structure Reformation Efforts Steadily improved profitability Approaches FY29 Emergency Profit Improvement Committee Emergency Evacuation Reduced the waste of fixed costs FY21 to FY211 Profit Structural Improvement Committee Reformed business structure to earn profits from smaller operations Continuing minimum budget Variable costs reform Drastically improved N/C/S America profitability FY212 Reduction by half Committee Mindset change and Reduce By Half initiative Reformed development and manufacturing systems Trimmed down fixed costs Improvement (annual) Operating Income (consolidated) (1 million yen) (%) FY29 FY21 FY211 FY29 FY21 FY211 3/11

6 FY211 Financial Results After the slackness in 3Q, signs of recovery were visible in 4Q. (1 million yen) 4, 3, 2, 1,725 2,221 2,69 2,91 Yr/Yr Index 145 2, % % 83 2,533 2,396 2,45 1, Operating Income (Loss) (1 million yen ) 3 Operating Income (Loss)Ratio ( 3.9%) (3.%) 67 FY21 (4.3%) 115 (4.7%) FY % (4.5%) (3.9%) (2.9%) % (3.5%) /11

7 FY211 Unit Sales by Region 5/11 Unit sales increased in all regions despite decreases in all categories in Japan (1, Units) 7 Seat Assy. Production Total Yr/Yr FY % Full-sized RV Medium-sized FY211 product composition(%) Compact Japan FY21 FY211 FY21 FY211 Asia & Oceania N/C/S America Europe & Africa FY21 FY211 FY21 FY211

8 FY211 and Operating Income by Region (1) 6/11 Japan (1 million yen) 5, Yr/Yr 182 3% 3, 1,11 1,369 Yr/Yr Index ,675 1,764 1,431 1,541 1,456 1, ,99 5,727 Operating Income (Loss) 1 Operating Income (Loss) Ratio % 68 (1.4%) (1.2%) FY21 FY FY21 FY Despite the efforts in profit structure reformation, the sales and profits declined due to the terminated government s subsidy for eco cars and earthquake effects. Enormous drop started in 3Q resulted in a deficit in 4Q.

9 FY211 and Operating Income by Region (2) 7/11 N/C/S America Yr/Yr Index (1 million yen) 2, Yr/Yr % Changes in FOREX ,664 1,771 Operating Income (Loss) 1-15 Operating Income (Loss) Ratio 124 ( 7.5%) FY ( 3.2%) FY211 1 FY21 FY Profits rose due to decreased preparation costs for new products and efforts in profit structure reformation approaches. As shown in the decreasing deficits, the profitability has been steadily improved.

10 FY211 and Operating Income by Region (3) 8/11 Asia & Oceania Yr/Yr Index (1 million yen) 3, Yr/Yr % Changes in FOREX 75 1, ,29 2, Operating Income (Loss) 5 (Operating Income rate) 276 FY % 358 (12.5%) (13.6%) FY FY21 FY Increased production of Highlander in Guangzhou and RAV4 in Tianjin in China and IMV in Thailand was lead to rise both of sales and profits. Profits were steadily secured each quarter.

11 FY211 and Operating Income by Region (4) 9/11 Europe & Africa 4 (1 million yen) Yr/Yr % Changes in FOREX Yr/Yr Index Operating Income (Loss) 2-2 Operating Income (Loss) Ratio 3 ( 1.4%) FY ( 3.6%) FY FY21 FY The expanded production of IMV in South Africa contributed to the improved sales. Operating Loss will increase due to rises in production preparation costs for the next period Yaris at TB Somain and TBAI Poland.

12 1/11 FY211 Ordinary Income Increase/Decrease Analysis Although a significant decrease is expected in the course of events,profits will increase due to continued profit structure reformation. (1 million yen) Increased Production and Income +134 Interim Ordinary Income( 95) Non- Operating Income and Expenditu res +2 Effects from Product Price Trends 134 Ordinary Income(+119) FOREX Rate of Subsidiaries P/L US$ yen yen Thai baht 2.75 yen 2.75 yen RMB yen yen Effects from Profit Structure Reformation +215 Variable Costs +186 Write-off Cost Increased Increased Labor Costs Overhead Costs 23 5 FOREX 15 New Consolidated Subsidiaries 1 Interim Ordinary Income 145 FY21 FY211

13 11/11 FY211 Capital Expenditures Developing our global supply system with a focus on model change investment Capital Expenditures Europe & South Africa Asia & Oceania Japan N/C/S America (1 million yen) FY29 FY21 FY211 FY29 FY21 FY211 FY29 FY21 FY211 FY29 FY21 FY211 Investment for next Yaris at TB Somain and TBAI Poland Investment 設備投資 for production of newly released vehicles in China and others Construction of Sanage Development Center and a new plant in Miyagi, Tohoku. Investment for corolla at TBMS and others Investment to Strengthen Management Structure R&D, IT, Human Resources Development Investment to Reinforce Capabilities New Investment for Land, Buildings, Production Facilities, Etc. Investments for New Models Measures for New Products,Model changes and Minor changes Total FY29 FY21 FY211 Depreciation Costs