Outline of Consolidated Results for Second Quarter of FY2022
October 28th, 2022
Toyota Tsusho Corporation
Outline of Consolidated Results
・Profit reached record highest due to increased automobile sales, soaring metals market prices, European electricity prices.
・Operating cash flow increased due to pre-tax income, while investing cash flow remained steady. ・Net DER deteriorated as Eurus became a wholly owned subsidiary.
・Revised full-year forecast to 270 billion yen and annual dividend forecast to 192 yen, up 32 yen from the previous year (Plus 30 compared to the initial)
FY2021 | FY2022 | YoY | Excluding | |
Variance | FX Impact | |||
(Unit:Billion yen) | 1-2Q | 1-2Q | (ratio) | (ratio) |
Operating | 149.4 | 207.9 | +58.5 | +43.7 |
profit | (+39%) (+29%) | |||
Profit | 127.5 | 151.2 | +23.7 | +12.8 |
(+19%) | (+10%) | |||
Operating C/F | 31.8 | 78.7 | +46.9 | |
Investing C/F | (90.5) | (62.1) | +28.4 | |
Mar.31,2022 | Sep.30,2022 | Variance | ||
Net interest- | 1,238.2 | 1,560.6 | +322.4 | |
bearing debt | ||||
Net DER | 0.71 | 0.84 | +0.13 | |
Forecasts | Current | |
Announced on | ||
Release | Progress | |
Jul.29.2022 |
310.0 380.0 +55%
210.0 | 270.0 | +56% |
Revised
Dividend dividend forecast Variance
payment
162yen 192yen +30yen
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Profit Analysis 1-2Q Results(whole company) | FY2021 FY2022 | ||||||||||
(Reference) | 1-2Q | 1-2Q | |||||||||
(Unit:Billion yen) | Foreign Exchange Rate USD: 110yen 134yen | ||||||||||
FY2021 1-2Q | FY2022 1-2Q | Toyota Automotive Production(Ten thousands): | 408 | 448 | |||||||
207.9(56.7) | Main Factor of Operating Profit Variance | ||||||||||
(21.9) | 149.4 | 151.2 | Forex Effect | +14.8 | |||||||
Markets/Prices | Metals | +12.5 | |||||||||
+9.2 | |||||||||||
127.5 | +58.5 | Others | Food & Consumer | (3.3) | |||||||
Demand Machinery, Energy&PJ | +10.9 | ||||||||||
※ | |||||||||||
Others | /Trading Volume | Chemi & Ele. | +4.7 | ||||||||
※ | GP & Logistics | +2.5 | |||||||||
Africa | +0.2 | ||||||||||
Food & Consumer | (1.1) | +15.6 | |||||||||
Metals | (1.6) | ||||||||||
Profit | Operating | Operating | Profit | Automotive | Outside Africa | +10.5 | |||||
Retails | Africa | +8.3 | +18.8 | ||||||||
Profit | +23.7 | Profit | |||||||||
Others | +0.1 | ||||||||||
※Others | FY2021 | FY2022 | Total | +58.5 | |||||||
1-2Q | 1-2Q | Variance | Main Factor of variance | ||||||||
Finance income and | 15.5 | 4.4 | (11.1) | Gain on exclusion of equity for resources business in South America in pre FY | |
costs | Loss on liquidation of gas business in Australia in pre FY etc. | ||||
Equity gain/Loss | 11.7 | 19.6 | +7.9 | Impact of increase in resources business in South America | |
Improving profits of overseas electric power business etc. | |||||
Tax expense | (36.2) | (61.2) | (25.0) | Impact of increase in profit | etc. |
Non- controlling | |||||
(12.9) | (19.5) | (6.6) | Impact of increase in profit | etc. | |
interests | |||||
(21.9) | (56.7) | ||||
Total | (34.8) | - | |||
2
One-off Gains and Losses (Profit) | (Unit: Billion yen) |
FY2021 | FY2022 | ||||||
1-2Q | Main Factor | 1-2Q | Main Factor | ||||
Result | Result | ||||||
Metals | +15.0 | ・(2Q)Gain on exclusion of equity for | - | ||||
resources business in South America, | - | ||||||
etc. +15.0 | |||||||
Global Parts | - | - | - | - | |||
& Logistics | |||||||
Automotive | - | - | - | - | |||
Machinery, | ・(2Q)Gain from liquidation of | gas | ・(2Q)Gain from liquidation of gas | ||||
+9.0 | +0.5 | Business in Australia +1.5 | |||||
Energy | |||||||
business in Australia +9.0 | ・(2Q) Acquisition cost of | ||||||
& Project | |||||||
domestic electric power business | -1.0 | ||||||
Chemicals & | - | - | - | - | |||
Electronics | |||||||
Food & | - | - | |||||
Consumer | - | - | |||||
Services | |||||||
Africa | - | - | +0.5 | ・(2Q) Profit related to mobility | |||
business +0.5 | |||||||
・(2Q)Tax effect of liquidation of | gas | ・(2Q)Tax effect of liquidation of gas | |||||
Others | (2.5) | (1.5) | business in Australia -2.5 | ||||
business in Australia -2.5 | ・(1Q)Accrued interest of tax deposit in | ||||||
Latin America +1.0 | |||||||
TOTAL | +21.5 | (0.5) | |||||
※One-off gains and losses are rounded to the nearest 0.5 billion yen |
3
Profit Analysis 1-2Q Results(Division) | (Unit: Billion yen) | |||||||||||
FY2021 | FY2022 | Variance | Main Factor | |||||||||
1-2Q | 1-2Q | (Ratio) | ||||||||||
+0.9 | ・Impact of one-off gains in the previous year | |||||||||||
44.4 | 45.3 | |||||||||||
Metals | ・Higher market prices and increase in trading volume of | |||||||||||
(+2%) | automobile production related products in Asia / Oceania | |||||||||||
Global Parts | 12.7 | 16.3 | +3.6 | ・Increase in trading volume of automotive parts | ||||||||
& Logistics | (+28%) | in North America and Asia / Oceania | ||||||||||
Automotive | 12.5 | 23.1 | ||||||||||
+10.6 | ・Increase in sales volume handled | |||||||||||
(+85%) | by overseas automotive dealerships mainly in Asia / Oceania | |||||||||||
Machinery, | 18.0 | 19.4 | +1.4 | ・Impact of one-off gains in the previous year | ||||||||
Energy | ||||||||||||
& Project | (+8%) ・Rising electricity market prices in Europe. | |||||||||||
22.1 | 25.3 | |||||||||||
Chemicals & | +3.2 | ・Increase in trading volume in the electronics business | ||||||||||
Electronics | (+15%) | ・Higher market prices in the Chemicals business | ||||||||||
Food & | ||||||||||||
4.9 | 2.8 | (2.1) | ・Higher transportation costs in the food business in South | |||||||||
Consumer | ||||||||||||
Services | (-43%) | America | ||||||||||
Africa | 13.9 | 20.3 | +6.4 | ・Growth in automotive sales volume | ||||||||
(+46%) | ||||||||||||
Others | 127.5 | 151.2 | +23.7 | |||||||||
(19%) | ||||||||||||
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Toyota Tsusho Corporation published this content on 28 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2022 07:12:06 UTC.