OUTLINE OF FINANCIAL RESULTS

Transcription

1 Mission: Engineering for Sustainable Growth of the Global Community Vision: Global Leading Engineering Partner Values: Integrity, Creativity, Diversity, Learning, Team First Quarter of Fiscal Year Ending March 2019 OUTLINE OF FINANCIAL RESULTS August 10, 2018 Toyo Engineering Corporation

2 Contents Page Performance Summary Performance Summary 3 Net Sales 4 Financial Summary Balance Sheet 5 New Orders New Orders 6 Backlog of Contracts 7 Forecast Forecast for 2019/3 8 2

3 Performance Summary Decrease in revenue but increase in profit compared with the same period of the previous year 2017/6 2018/6 Difference Forecast 2019/3 Progress Net sales (8.6) % Gross profit % Gross profit margin 6.5% 7.4% 0.9% 7.0% SG&A expenses % Operating income % Operating income margin 0.7% 2.4% 1.7% 0.7% Non-operating income and expenses (0.8) % Ordinary income % Profit attributable to owners of parent % New orders (18.0) % 3

4 Net sales China 0.8 Central and South America 0.1 North America % 1% 1% 14% 1% 2018/6 Net sales :JPY 78.7 billion Others 0.1 Japan 11.1 Others 1.8 Pharmaceuticals etc., 1.4 Chemicals/ Fertilizers % 2% 2% Petrochemicals 42.4 Russia and Central Asia 1.6 2% 11% Region Product 54% 46% Power/Railways etc., % 8% Southwest Asia, Middle East and Africa 9.7 Southeast Asia 36.2 Major Contracts Oil & Gas 5.8 Petrochemical, USA Petrochemical, MALAYSIA Petrochemical, TURKMENISTAN Power/Railway etc., THAILAND Power/Railway etc., JAPAN 4

5 Balance Sheet Assets 2018/3 2018/6 Difference Liabilities and net assets 2018/3 2018/6 Difference Current assets (3.1) Current liabilities (3.0) Cash and deposits (12.0) Short-term interest bearing debt Marketable securities (0.1) Other current liabilities (4.6) Other current assets (1.1) <Operating liabilities> <Operating assets> Notes and accounts payable Notes and accounts receivable Advance receipts on uncompleted (3.9) Work in progress (2.1) contracts Non-current assets (0.4) Noncurrent liabilities (0.1) Property, plant and equipment (0.2) Long-term interest bearing debt (0.1) Intangible assets (0.1) Other noncurrent liabilities Investments and other assets Net assets (0.4) Shareholder's equity Accumulated other comprehensive income (1.8) Non-controlling interests Total assets (3.5) Total liabilities and net assets (3.5) *The company applied "Partial Amendments to Accounting Standard for Tax Effect Accounting" (The Accounting Standards Board of Japan ("ASBJ") Statement No. 28, February 16, 2018), etc. from the beginning of the fiscal year ending March 31, The figures as of March 31, 2018 is based on retrospective application. 5

6 New Orders Region 51.7 Product /6 2018/6 2017/6 2018/6 Japan Petrochemicals Southeast Asia Oil & Gas Southwest Asia, Power / Railways etc Middle East and Africa Chemicals / Fertilizers Russia and Central Asia Pharmaceuticals etc North America Others Central and South America Total China Others Total /6 Major Contracts Petrochemical, INDONESIA Petrochemical, JAPAN 6

7 Backlog of Contracts Region Product /3 2018/6 2018/3 2018/6 Japan Petrochemicals Southeast Asia Oil & Gas Southwest Asia, Middle East and Africa Power / Railways etc Chemicals / Fertilizers Russia and Central Asia Pharmaceuticals etc North America Others Central and South America Total China Others Total

8 Forecast for 2019/3 No change from initial forecast as of May 15, /3 1Q 2018/6 Forecast 2019/3 Net sales Gross profit (12.5) Gross profit margin -3.7% 7.4% 7.0% SG&A expenses Operating income (32.9) Operating income margin -9.8% 2.4% 0.7% Non-operating income and expenses Ordinary income (27.8) Profit attributable to owners of parent (26.8) New orders Dividends per share 0-0 Exchange rate for the forecast 1US$= 110 8

9 Toyo Engineering Corporation URL For further questions on this material, please contact: Wataru IIDA General Manager Corporate Communications Department Akanehama, Narashino, Chiba, Japan TEL The forecasts given above are based on information available at the time of compilation and are inherently subject to a variety of risks and uncertainties. Actual results may vary significantly from forecasts due to factors including, but not limited to, changes in the economic or business environment and exchange rate fluctuations.