TOTO Corporate Report

Transcription

1 1 th ANNIVERSARY TOTO Corporate Report 217 Financial and Non-financial Data

2 Financial Data Ten-Year Summary of Selected Financial Data (Unit: Million yen) FY27 (March 31, 28) FY28 (March 31, 29) FY29 (March 31, 21) FY21 (March 31, 211) FY211 (March 31, 212) Net sales 51,6 464,55 421, , ,686 Cost of sales 33, , , , ,83 Cost of sales ratio 66.% 67.1% 65.3% 63.% 63.4% Selling, general and administrative (SG&A) expenses 147, , , , ,12 SG&A ratio 29.4% 31.5% 33.1% 33.7% 32.5% Operating income 22,722 6,566 6,589 14,14 18,779 Operating margin 4.5% 1.4% 1.6% 3.2% 4.1% Net income/loss 13,239-26, ,115 9,27 Net income margin/net loss margin 2.6% -5.7%.2% 1.2% 2.% Capital investment 24,191 16,297 11,67 26,214 32,253 Depreciation and amortization 22,389 22,425 2,575 19,746 18,348 Research and development (R&D) costs 12,1 13,87 13,113 15,66 16,643 R&D cost ratio 2.4% 2.8% 3.1% 3.6% 3.7% Total assets 451, , , , ,72 Current assets 21, ,689 18, ,23 181,554 Non-current assets 241,618 2, , ,11 195,518 Total liabilities 22,213 23, , ,5 191,491 Net assets* 1 231,53 184, ,549 18, ,58 Operating CF 32,884 23,43 33,627 28,117 19,678 Investment CF -22,121-18,629-14,828-22,758-22,446 Financial CF -7,246-2,215-12,223-7,26-12,164 Free cash flow* 2 1,763 4,774 18,799 5,359-2,768 Dividend per share* yen 1. yen 1. yen 1. yen 1. yen ROE 5.8% -12.9%.5% 2.8% 5.2% ROA 4.9% 1.6% 1.7% 3.7% 5.% EPS* yen (75.8 yen) 2.5 yen 14.9 yen 27.1 yen BPS* yen 52.4 yen 53.4 yen yen yen Total asset turnover Equity ratio 5.1% 46.4% 48.6% 46.2% 47.7% Number of shares outstanding 3 (excluding treasury stock/period average)* 346,542, ,437,17 346,391,54 344,259, ,13,63 *1 Effective the fiscal year ended March 31, 27, the Company has adopted a new accounting standard for the presentation of net assets in the balance sheet and the related implementation guidance. *2 Free cash flow = Operating cash flow + Investment cash flow *3 We have changed the number of shares constituting one unit to 1 shares from 1, shares and also consolidated its shares (consolidate two shares to one share) on October 1, 215. The amount for the total annual dividends per share in FY215 is omitted and shown as a dash ( ) as the 2nd quarter-end dividends per share and the fiscal year-end dividends per share cannot be simply added. In addition, the amount for the dividends per share are 15. yen (before share consolidation) for 2nd quarter-end dividends and 34. (after share consolidation) for fiscal year-end dividends. 1 TOTO Corporate Report 217 Financial and Non-financial Data

3 (Unit: Million yen) FY212 (March 31, 213) FY213 (March 31, 214) FY214 (March 31, 215) FY215 (March 31, 216) FY216 (March 31, 217) Net sales Cost of sales Cost of sales ratio Selling, general and administrative (SG&A) expenses SG&A ratio Operating income Operating margin Net income/loss Net income margin/net loss margin Capital investment Depreciation and amortization Research and development (R&D) costs R&D cost ratio Total assets Current assets Non-current assets Total liabilities Net assets* 1 Operating CF Investment CF Financial CF Free cash flow* 2 Dividend per share* 3 ROE ROA EPS* 3 BPS* 3 Total asset turnover Equity ratio Number of shares outstanding (excluding treasury stock/period average)* 3 476, , ,59 567, ,819 33, ,78 337, , , % 61.8% 61.9% 61.9% 61.5% 149, , ,796 17, , % 29.7% 31.2% 3.% 3.1% 23,376 47,181 37,426 46,137 48, % 8.5% 6.9% 8.1% 8.5% 16,956 44,122 24,813 35,723 33, % 8.% 4.6% 6.3% 5.9% 19,934 34,575 4,264 4,674 26,776 19,58 14,922 17,227 18,397 19,29 15,983 17,428 18,466 19,98 19, % 3.1% 3.4% 3.4% 3.4% 48, , , , ,996 25, ,8 266, , ,76 22, ,586 25, , ,92 195,43 219,79 236,412 25, , ,41 256,596 28, ,522 36,53 44,498 48,15 34,713 58,695 63,738-22,971-4,33-3,4-29,952-35,944-2,178-23,328-11,393-15,53-18,953 21,527 43,982 4,673 28,742 27, yen 23. yen 26. yen 68. yen 8.8% 19.4% 1.% 13.1% 11.8% 6.% 1.7% 7.5% 8.8% 8.9% 49.5 yen 13.2 yen 73.8 yen 212. yen 2. yen 62.2 yen yen 82.8 yen 1,631.9 yen yen % 52.% 52.3% 51.5% 53.6% 342,892, ,911, ,233, ,48, ,146,19 TOTO Corporate Report 217 Financial and Non-financial Data 2

4 Financial Data Financial Highlights Net Sales Operating Income / Operating Margin Operating income Operating margin (Million yen) 573,819 6, 553, ,889 51,6 544,59 5, 464,55 476, , ,686 4, 421,929 3, 2, 1, (Million yen) 48,571 5, 46, , , 37, , 23, ,722 18, , , , , 6, Net Income / Net Income Margin R&D Costs / R&D Cost Ratio to Net Sales Net Income Net Income Margin R&D Costs R&D Cost Ratio to Net Sales (Million yen) (Million yen) 2, 18,466 19,9819,437 5, 44, ,66 16, ,428 4, 35,723 33, , , 24,813 15, 15, ,1 13, , 13,239 16, , 5,115 9, , 2-26, , -3 5, 1-2, , Return on Equity (ROE) Return on Assets (ROA) TOTO Corporate Report 217 Financial and Non-financial Data

5 Total Asset Turnover Equity / Equity Ratio Equity Equity Ratio (Million yen) 297,2 3, ,86 27, ,25 25, 226, , 26,738 18, , , , , , , Amount of Capital Investment Free Cash Flow (Million yen) (Million yen) 5, 4, 3, 2, 1, 24,191 16,297 11,67 26,214 32,253 19,934 4,264 34,575 4,674 26, , 4, 3, 2, 1, 5, 18,799 1,763 4,774 5,359 2,768 21,527 43,982 4,673 27,794 28, Dividend per Share / Payout Ratio EPS Dividend per Share Payout Ratio (Yen) (Yen) ( ) ( ) Note 1: The payout ratio for FY28 cannot be calculated due to a negative net income. Note 2: We have changed the number of shares constituting one unit to 1 shares from 1, shares and also consolidated its shares (consolidate two shares to one share) on October 1, 215. The amount for the total annual dividends per share in FY215 is omitted and shown as a dash ( ) as the 2nd quarter-end dividends per share and the fiscal year-end dividends per share cannot be simply added. In addition, the amount for the dividends per share are 15. yen (before share consolidation) for 2nd quarter-end dividends and 34. (after share consolidation) for fiscal year-end dividends. TOTO Corporate Report 217 Financial and Non-financial Data 4

6 Non-Financial Data Environmental Goals and Results Environmental Action Plan and Results The 9th Global Environmental Action Plan is being carried out in conjunction with the implementation of 214 s TOTO Global Environmental Vision. We are accelerating our efforts as one TOTO Group to resolve global social issues such as water shortages and global warming. 9th Global Environmental Action Plan FY216 Results Evaluation index (KPI) Scope Standard year and value FY217 target FY216 target FY216 result Evaluation Contribution to the improvement in water efficiency of products contribution to water-saving (Amount of contribution from performance improvement from 25) /overseas 7 million m 3 7 million m 3 74 million m 3 Shipment ratio of water-saving toilets (Water per flush of 4.8L or less) Overseas 7% 8% 7% 7% 79% 68% Contribution to global reduction in CO2 emissions from improvement in water and energy efficiency of products (Amount of contribution from performance improvement from 25) /overseas 3.3 million tons 2.99 million tons 3.6 million tons CO2 emissions from offices /overseas FY213 emissions 313 thousand tons 352 thousand tons or less 351 thousand tons or less 328 thousand tons Amount of CO2 reduction from initiatives in business sites /overseas FY213 reduction tons 29 thousand tons 21.4 thousand tons 24.6 thousand tons Reduction of fuel used for transportation per unit FY29 % 11.% 11.3% 1.6% Recycling rate in production site FY213 99% or more 99% or more 99% or more 1% Recycling rate in production site Note: Recycling target with provisions Overseas FY213 7% 9% or more 85% 93% Violations of related environmental regulations Percentage of legal + recycled materials used Note: Legal materials include material from certified forests 1% 99% or more 99% Participation rate of all volunteer activities (Participation rate = ratio of total number of participants to number of all employees) /overseas 1% 1% or more 1% or more 5 TOTO Corporate Report 217 Financial and Non-financial Data

7 Changes in Major Indexes Contribution to global water-saving from improvement of water efficiency of products (Group wide) (Compared to FY25) Assuming products with 25 performance were still being promoted FY217 target 7 Contribution to global reduction in CO2 emissions from improvement in water and energy efficiency of products (Group wide) (Compared to FY25) Assuming products with 25 performance were still being promoted FY217 target million m million m reduction for contribution to global water-savings 3.6 million tons 3.3 million tons contribution to the reduction of CO2 Assuming products with advanced water-saving performance are being released and promoted Assuming products with advanced energy-saving performance are being released and promoted (Standard year) Result Target (Standard year) Result Target Shift of shipment rate by quantity of water per flush () Shift of shipment rate by quantity of water per flush (Overseas) The percentage of products with a large flush (4.8L or less) among the The percentage of products with a large flush (4.8L or less) among the toilet toilet bowls that were shipped domestically in that year. bowls that were shipped overseas in that year. FY217 target FY217 target 1 8L 5 44% 6L 72% 78% 79% 65% 49% 7% 1 8L 6L 68% 54% 5% 59% 47% 5 41% 8% 4.8L or less 4.8L or less Result Result Result Result Result Result Target Result Result Result Result Result Result Target Contribution to global reduction in CO2 emissions from business sites (Compared to FY213) Number of volunteer activity participants (Tons) 3, 2, 1, 7, 16, 25, FY217 target 29, tons reduction Green volunteers (Persons) 3, Result Result Result Target Result Result Result Result Result Result Result 25, 2, 15, 1, 5, 15,7 38,7 Other volunteers 75,6 71,5 162,6 152,8 117,2 11,3 26,9 195, 256,2 235,6 * Figures for employee and stakeholder participants are cumulative totals starting with fiscal 21. * Figures for other volunteers were added beginning with fiscal 212. TOTO Corporate Report 217 Financial and Non-financial Data 6

8 Non-Financial Data Human Resources / Safety Related Data Employee Composition Employee Composition by Region Numbers of Employees by Type FY215 FY216 Number of employees 31,288 32,455 Regular employees 24,173 25,822 Contract employees 5,528 5,29 Temporary employees 1,587 1,64 Age and Length of Service Mar 215 Mar 216 Mar 217 Male Female Male Female Male Female Average age Average length of service (years) Number of New Graduate Recruits FY214 FY215 FY216 Male Female Male Female Male Female TOTO LTD Group companies in Total Note: Data for TOTO Group () Employee Turnover Rate Mar 215 Mar 216 Mar 217 Employee Turnover Rate.8%.8%.9% Note: Data for regular employees of TOTO LTD. Diversity Region FY214 FY215 FY216 Ratio of Female Managers FY214 FY215 FY216 TOTO Group - 9.8% 1.5% TOTO LTD. 5.6% 6.9% 8.4% Note: Data for TOTO Group Note: Data for TOTO Group () Work-Life Balance Work Hours 54.1% 52.3% 55.9% Standard working 1, hours hours per year China 22.3% 22.3% 21.3% Hours actually 1,992. hours The Americas 4.4% 4.3% 3.8% worked per year Europe.4%.4%.3% Average overtime 2.3 hours hours per month Asia and Oceania 18.8% 2.7% 18.7% Number of paid 14.2 days Note 1: Figures for fiscal years 214 and 215 include only TOTO Group regular employees. holidays taken per year Note 2: Figures for fiscal year 216 include TOTO Group regular, contract, and temporary employees. Note: Figures include all regular, contract, and temporary employees of the TOTO Group Note: Data for regular/contract employees of TOTO LTD. Employment Rate of Disabled Persons FY214 FY215 FY216 Number employed Employment rate of disabled persons 2.54% 2.52% 2.57% Note: Data for regular employees Note: Data for regular/contract employees of TOTO LTD. Number of People Using Reduced Work Hour and Leave Systems FY214 FY215 FY216 Note: Data for regular/contract employees of TOTO LTD. Occupational Safety and Health Disaster Frequency Mar 215 Mar 216 Mar 217 1, hours 1, hours 1, hours 1, hours 19.6 hours 2.74 hours 14.3 days 14.6 days Percentage of Paid Holidays Taken FY214 FY215 FY216 Percentage of paid holidays taken 74.% 76.1% 78.8% Number of paid holidays taken per year days 14.7 days Mama and Papa Vacation <Introduced in June 215> Hourly leave Half-day leave Volunteer leave Refresh leave Flextime work Reduced work hours and flextime work schedules for childcare Reduced work hours and flextime work schedules for nursing care Three year sabbatical system for spouses working overseas TOTO Group employees TOTO Group Contractors (Working at TOTO Group locations) All industries () Manufacturing industries () - 61 (Male:37, Female:24) 472 (Male:389, Female:83) 3,987 4,884 5,381 6,58 6,56 6, ,943 1,859 1, Note 1: These indicators cover manufacturing, and research and development, divisions. Note 2: Two equity-method affiliated companies, (Voreto (Xiamen) Plumbing Technology Co., Ltd. and P.T. Surya TOTO Indonesia), which are subject to the TOTO Group s management for safety and health, are included. Note 3: TOTO Group Contractors includes contractors for TOTO Ltd. and its domestic subsidiary companies for 215 and before, and the TOTO Group s contractors from 216. Until 215, contractors included those for operating the company cafeteria(s), and providing cleaning and security services at the TOTO Group s factories. Considering the intent of the Industrial Safety and Health Act, contractors providing cafeteria, cleaning, and security services have been excluded from TOTO Corporate Report 217 Financial and Non-financial Data

9 Employee Composition Employee Composition by Region Numbers of Employees by Type China The Americas Europe Asia and Oceania Regular employees Contract employees Temporary employees 1,64.3% 3.8% 18.7% 21.3% 55.9% 5,29 Number of employees 32,455 25,822 Diversity Ratio of Female Managers Employment Rate of Disabled Persons TOTO Group TOTO LTD. Number employed Employment rate of disabled persons 15 (Persons) Work-Life Balance Percentage of Paid Holidays Taken Occupational Safety and Health Disaster Frequency 2 TOTO Group employees TOTO Group Contractors (Working at TOTO Group locations) All industries () Manufacturing industries () (Year) TOTO Corporate Report 217 Financial and Non-financial Data 8

10 Public & Investors Relations Dept. TOTO LTD. 1-1, Nakashima 2-chome, Kokurakita-ku, Kitakyushu, Fukuoka, , URL: Published in August 217