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 Third Quarter of Fiscal Year Ending March 2018 OUTLINE OF FINANCIAL RESULTS February 9, 2018 Toyo Engineering Corporation

2 Contents Page Outline of Income Statement Performance Summary 3 Breakdown of Income 4 Net Sales 5 Financial Position Balance Sheet 6 New Orders New Orders 7 Backlog of Contracts 8 Forecast Forecast 9 2

3 Performance Summary 2016/ /12 Difference Forecast 2018/3 as of Feb 7, 2018 Progress Net sales (40.7) % Gross profit 11.2 (7.4) (18.6) % Gross profit margin 3.7% -2.8% -6.5% 0.9% SG&A expenses (2.8) % Operating income (1.5) (23.0) (21.5) (18.0) - Operating income margin -0.5% -8.8% -8.3% -5.1% Ordinary income 1.4 (20.9) (22.3) (16.0) - Profit attributable to owners of parent (1.0) (23.7) (22.7) (18.0) - New orders % 3

4 Breakdown of Income 2016/ /12 Difference Gross profit 11.2 (7.4) (18.6) Selling, general and administrative expenses (2.8) Operating income (1.5) (23.0) (21.5) Total non-operating income and expenses (0.9) Ordinary income 1.4 (20.9) (22.3) Total extraordinary gain and loss Income before income taxes 1.4 (20.5) (21.9) Income taxes (0.7) Profit (0.9) (23.6) (22.7) Profit attributable to non-controlling interests (0.0) Profit attributable to owners of parent (1.0) (23.7) (22.7) 4

5 Net Sales Region Product / / / /12 Japan Petrochemicals Southeast Asia Oil & Gas Southwest Asia, Power / Railways etc Middle East and Africa Chemicals / Fertilizers Russia and Central Pharmaceuticals etc North America Others Central and Total South America China Others Total

6 Balance Sheet Assets 2017/3 2017/12 Difference Liabilities and net assets 2017/3 2017/12 Difference Current assets (36.5) Current liabilities (21.6) Cash and deposits (39.7) Short-term interest bearing debt (0.7) Marketable securities Other current liabilities Other current assets <Operating liabilities> <Operating assets> Notes and accounts payable (5.4) Notes and accounts receivable Advance receipts on uncompleted (20.3) Work in progress (9.9) contracts Non-current assets (2.6) Non-current liabilities Property, plant and equipment (0.7) Long-term interest bearing debt Intangible assets (0.4) Other non-current liabilities Investments and other assets (1.5) Net assets (21.3) Shareholder's equity (24.1) Accumulated other comprehensive income Non-controlling interests Total assets (39.1) Total liabilities and net assets (39.1) 6

7 New Orders Region Product / / / /12 Japan Petrochemicals Southeast Asia Oil & Gas Southwest Asia, Power / Railways etc Middle East and Africa Chemicals / Fertilizers Russia and Central Pharmaceuticals etc North America Others Central and Total South America China Others Total

8 Backlog of Contracts Region Product /3 2017/ /3 2017/12 Japan Petrochemicals Southeast Asia Oil & Gas Southwest Asia, Power / Railways etc Middle East and Africa Chemicals / Fertilizers Russia and Central Pharmaceuticals etc North America Others Central and Total South America China Others Total

9 Forecast * Net sales (20.0) Gross profit 15.9 (7.4) (24.5) Gross profit margin 3.7% -2.8% 7.4% 0.9% -6.5% SG&A expenses Operating income (2.0) (23.0) 6.5 (18.0) (24.5) Operating income margin -0.5% -8.8% 1.8% -5.1% -6.9% Ordinary income 1.6 (20.9) 5.0 (16.0) (21.0) Profit attributable to owners of parent 1.4 (23.7) 2.0 (18.0) (20.0) New orders Dividends per share 2017/3 3Q 2017/12 Initial plan as of May 19, 2017 Forecast for 2018/3 New plan as of Feb 7, 2018 Difference Annual Interim Annual Annual Annual * 0 * ( 15) * Exchange rate for the forecast 1US$= 112 We conducted a one-for-five reverse stock split of our companyʼs shares effective October 1, 2017, which is factored into the per-share amount of the year-end dividends for the fiscal year ending March 31, 2018 shown here. 9

10 Toyo Engineering Corporation URL For further questions on this material, please contact: Wataru IIDA General Manager Corporate Communications Division 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.