TSE Prime Market; Securities Code: 3116

FY2023 (Year ending March 2023)

Business Briefing

Date: May 15, 2023

Place: Station Conference Tokyo

1/ 24

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."

1/ 24

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

2/ 24

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.

2/ 24

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.

3/ 24

Attachments

Disclaimer

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.