Toyota Boshoku : FY2023 (Year ending March 2023) Business Briefing with Script
May 15, 2023 at 12:47 am EDT
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TSE Prime Market; Securities Code: 3116
FY2023 (Year ending March 2023)
Business Briefing
Date: May 15, 2023
Place: Station Conference Tokyo
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Script
Hello, everyone. Thank you very much for attending this meeting. I am Masayoshi Shirayanagi, President of Toyota Boshoku.
In fiscal 2023, while many countries eased restrictions on economic activity with the recovery from the COVID-19 crisis, concerns intensified over an economic slowdown due to rising energy costs, accelerating inflation, and rising interest rates in each country.
The automobile industry was significantly affected by fluctuations in the production volume due to the prolonging shortage of semiconductors and the continuously high raw materials and distribution costs.
Under such circumstances, I would like to explain the initiatives we have implemented toward achieving our 2025 Target "As an interior system supplier, become a company that serves as "Home" and secures competitiveness that can surpass global suppliers."
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1. Management Concept
CSV management that pursues both social value and economic value
Sustainability Policy
3. The management structure
1. Management
2. Materiality
Concept
we aim to become
Promoting initiatives to become a company that solves social issues in the world and is needed by society
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Script
We believe it is necessary to make faithful efforts to solve social issues for the world and for people, and aim to "become a sustainable company that is needed by society".
We have established the Toyota Boshoku's Materiality based on the Principles of Toyoda and clarified the CSV management concept of returning the achievements in social value and economic value to our stakeholders while investing the earnings in growth fields, thereby enhancing corporate value. And in December 2021, we announced our Sustainability Policy, which consists of the "Management Concept," "Materiality," and "The management structure we aim to become."
Based on this policy, we promote initiatives to become a company that solves social issues and is needed by society.
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2. Actions for FY2023
FY2023 financial results
(100 million yen)
FY2022 results
FY2023 results
Change
Revenue
14,214
100.0%
16,040
100.0%
1,825
12.8%
Operating profit
602
4.2%
476
3.0%
(126)
(20.9%)
Profit before income taxes
645
4.5%
522
3.3%
(122)
(19.0%)
Profit*
392
2.8%
146
0.9%
(245)
(62.6%)
* Profit attributable to owners of the parent
Earnings per share
210.15 yen
78.57 yen
Exchange rate
USD
112 yen
135 yen
+23 yen
EUR
131 yen
141 yen
+10 yen
Revenue
Operating profit
Revenue increased due to an increase in global production and the effects of foreign exchange.
Despite the effects of production increase, profit decreased due to deterioration of model mix and an increase in overhead costs, as well as the recording of expenses as a result of the termination of the Russia business.
Toyota Boshoku Corporation published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 04:46:00 UTC.
TOYOTA BOSHOKU CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of automobile parts and textile products. The Company operates through four geographic segments including Japan, Americas, Asia & Oceania, as well as Europe & Africa. The Company is involved in the manufacture and sale of interior products, automotive filters and power train equipment parts, other automobile related parts, as well as textile related products.