Toyo Denki Seizo K K : Financial Results Briefing Fiscal 2020(Ended May 31, 2021)
August 12, 2021 at 12:11 pm IST
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Financial Results Briefing
Fiscal 2020
(Ended May 31, 2021)
July 16, 2021 Toyo Denki Seizo K.K.
Program
Briefing on Financial Results: 40 minutes
Overview of Financial Results for Fiscal 2020
Outlook for Financial Results for Fiscal Year Ending May 2022
Progress and Specific Initiatives in Medium- Term Management Plan
Q&A: 20 minutes
1
1. Overview of Financial Results for
Fiscal 2020
(From June 2020 to May 2021)
1-1. Overview of Consolidated Financial Results
Although sales and profits declined from the previous fiscal year due to the impact of the novel coronavirus, profits exceeded the published value. Orders received decreased year on year.
100 million yen
FY2019
FY2020
YoY Change
Published
Published value ratio
value
%
(May 2021)
%
Net Sales
390.7
331.4
-59.2
-15.2%
340.0
-8.6
97.4%
10.6
4.2
-6.4%
Operating Income
-60.3%
2.5
+1.7
169.2%
(%)
(2.7%)
(1.3%)
(-1.4pt)
-
(0.7%)
(+0.6pt)
-
Ordinary Income
12.0
7.5
-4.5
-37.3%
5.0
+2.5
151.4%
Net Income
10.8
9.7
-1.0
-9.6%
7.0
+2.7
139.5%
[Net income per share
(yen)]
120.98
109.38
-11.60
-
78.28
+31.10
-
ROE
4.4%
4.1%
-0.3pt
-
Orders received
385.2
300.5
-84.7
-22.0%
315.0
-14.5
95.4%
Ratio of overseas
20.7%
15.9%
-4.8 pt
-
sales to net sales
3
Review of Business Environment for Fiscal Year Ended May 2021
Business Environment
Due to the impact of novel coronavirus infections, the number of people transported by railway operators decreased significantly, and some of the operators postponed plans to build new trains and replace old ones.
Transportation
Systems
Although the economy in China, where the impact of novel coronavirus infections has been brought under control ahead of other countries, is recovering, there was a temporary suspension of new vehicle construction projects and a decrease in demand for maintenance parts for products delivered in the past.
Although capital investment in the manufacturing sector was suspended due to uncertainty about the future, a certain recovery was seen in the latter half of the fiscal year.
Industrial
Systems
Restrictions on activities that involved contact with customers and the movement of people constrained the installation and start-up of products delivered to customers.
4
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TOYO Electric Mfg. Co. Ltd. published this content on 12 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2021 06:40:06 UTC.
TOYO DENKI SEIZO K.K. is a Japan-based company mainly engaged in the manufacture and sale of electrical machinery and equipment for the transportation, industrial and information equipment business, and related work. It operates through three business segments. Transportation business is engaged in manufacture and sale of electrical equipment for railway vehicles, new transportation system vehicles, special vehicles, and power storage devices for railways, and related work. Industrial business is engaged in manufacture and sale of industrial production and processing equipment systems, automotive test systems, power generation and power supply systems, water and sewage equipment systems, on-board electrical equipment, and other ancillary works. Information Equipment business is engaged in manufacture and sale of stationery system equipment, remote monitoring system equipment, information system-related equipment, and other related works. It is also engaged in worker dispatch business.