(For reference) | Quarterly changes | 1Q | 2Q | 3Q | |
Outline of Consolidated Results for the | |||||
Gross profit | 239.0 | 244.3 | 251.9 | ||
Nine Months ended December 31, 2022 (IFRS) | |||||
Operating profit | 102.3 | 105.6 | 108.2 | ||
Profit attributable to | 74.8 | 76.4 | 84.1 | ||
owners of the parent | |||||
February 3, 2023
Toyota Tsusho Corporation
(Unit: Billion yen)
Consolidated
Operating
Results
Nine Months | Nine Months | Year-on-year change | |
ended | ended | ||
December | December | Amount | % |
31, 2021 | 31, 2022 | ||
Main factors behind year-on-year
changes
Consolidated
Financial Position
As of
March 31,
2022
As of
December
31,
2022
Change over the end of the previous fiscal year
Amount | % |
Main factors behind year-on-year
changes
Revenue
Gross profit
SG&A expenses
Other income
(expenses)
Operating profit
Interest income
(expenses)
Dividend income
Other finance income
(costs)
Share of profit (loss) of
investments accounted for using the equity method
Profit before income taxes
Income tax expense
Profit for the
period
Profit attributable to owners of the parent
Total comprehensive income (attributable to owners of the parent)
5,776.7 | 7,367.4 | +1,590.7 | +27.5% | |
558.5 | 735.4 | +176.9 | +31.7% | |
(325.6) | (390.6) | (65.0) | ||
(5.5) | (28.5) | (23.0) | - | |
227.2 | 316.1 | +88.9 | +39.1% | |
(12.9) | (17.5) | (4.6) | ||
16.2 | 21.1 | +4.9 | - | |
12.7 | (0.1) | (12.8) | ||
17.7 | 34.1 | +16.4 | ||
261.0 | 353.8 | +92.8 | +35.6% | |
(61.5) | (93.6) | (32.1) | ||
199.4 | 260.2 | +60.8 | +30.5% | |
180.2 | 235.4 | +55.2 | +30.6% | |
219.0 | 297.3 | +78.3 | +35.7% | |
- | ||||
Gross profit +176.9 billion yen
【 | 】 |
Increased largely due to growth in automotive sales volume, increases in metal market prices, and rising electricity prices in Europe.
Operating profit +88.9 billion yen
【 | 】 |
Increased largely due to an increase in gross profit, which offset higher selling, general and administrative expenses.
Profit attributable to owners of the
【 | 】 |
parent | +55.2 billion yen |
Increased largely due to an increase in operating profit as well as increases in the share of profit (loss) of investments accounted for using the equity method, despite the impact of a year-earlier onetime gain.
Total assets
(Current assets)
(Non-current assets)
Total equity
Net interest-bearing
debt
Debt-equity ratio
(times)
6,143.1 | 6,515.8 | +372.7 | +6.1% |
3,958.3 | 4,197.1 | +238.8 | +6.0% |
2,184.7 | 2,318.7 | +134.0 | +6.1% |
1,942.8 | 2,005.2 | +62.4 | +3.2% |
1,238.2 | 1,506.7 | +268.5 | +21.7% |
0.7 | 0.8 | +0.1 |
Current assets | +238.8 billion yen | |||
Inventories | +163.3 billion yen | |||
Cash and cash equivalents | +145.7 billion yen | |||
Trade and other receivables | -86.0 billion yen | |||
Non-current assets +134.0 billion yen | ||||
Property, plant and equipment | +82.8 billion yen | |||
Investments accounted for using | ||||
the equity method | +47.8 billion yen | |||
Total equity +62.4 billion yen | ||||
Retained earnings | +175.5 billion yen | |||
Exchange differences on translation | ||||
of foreign operations | +54.1 billion yen | |||
【 | 】 | -112.5 billion yen | ||
Capital surplus | ||||
Non-controlling interests | -56.9 billion yen | |||
【 | 】 | |||
・ | 】 | |||
【 |
Consolidated Cash | Nine Months | Nine Months | Year-on-year |
ended December ended December | |||
Flow Position | 31, 2021 | 31, 2022 | change |
・ | Main factors behind year-on-year |
changes
- Cash flows from operating activities
- Cash flows from investing activities
1-2: Free cash flow
Cash flows from
financing activities
32.6 | 180.6 | +148.0 |
(120.4) | (98.6) | +21.8 |
(87.8) | 82.0 | +169.8 |
70.1 | 47.5 | (22.6) |
Cash flows from operating activities
Profit before income taxes and increase】in working capital
Cash flows from investing activities
【Purchase of property, plant and equipment Cash flows from financing activities】
Increase in borrowings and payments for acquisition of subsidiaries' interest from non-controlling interests
Divisions
Nine Months | Nine Months | Year-on-year change | |
ended | ended | ||
December | December | Amount | % |
31, 2021 | 31, 2022 | ||
Main factors behind year-on-year
changes in profit attributable to owners
of parent
Consolidated
Financial Results
Forecasts
Year ended | Forecast for | Year-on-year change | |
year ending | |||
March 31, 2022 | |||
March 31, 2023 | Amount | % | |
(results) | |||
(released on Oct. 28) | |||
*The top row for each division indicates gross profit; the bottom row indicates profit attributable to owners of the parent.
Dividend Per
Share
Year ended March | Forecast for year |
ending March 31, | |
31, 2022 | |
2023 | |
(results) | |
(released on Oct. 28) | |
Metals
Global Parts &
Logistics
Automotive
Machinery, Energy
& Project
Chemicals & Electronics
Food & Consumer
Services
Africa
Total
*The top row for each division indicates gross profit; the bottom row indicates profit attributable to owners of parent.
99.8 | 125.8 | +26.0 | +26.1% | Increased largely due to higher market prices and an | |
increase in trading volume of automobile production- | |||||
61.3 | 63.9 | +2.6 | +4.2% | related products in Asia/Oceania, despite the impact of a | |
year-earlierone-time gain. | |||||
60.3 | 82.4 | +22.1 | +36.8% | Increased largely due to an increase in trading volume | |
of automotive parts in North America, Europe, and | |||||
18.3 | 26.5 | +8.2 | +44.6% | ||
Asia/Oceania. | |||||
70.0 | 102.1 | +32.1 | +45.7% | Increased largely due to an increase in sales volume | |
handled by overseas automotive dealerships mainly in | |||||
21.3 | 37.3 | +16.0 | +75.1% | ||
Asia/Oceania. | |||||
50.2 | 78.7 | +28.5 | +56.9% | Increased largely due to rising electricity prices in | |
Europe, despite the impact of a year-earlierone-time | |||||
16.9 | 27.4 | +10.5 | +62.0% | × | gain and a one-time loss in the electric power business |
this fiscal year. | |||||
99.0 | 125.5 | +26.5 | +26.7% | Increased largely due to an increase in trading volume in | |
the electronics business and higher market prices in the | |||||
32.7 | 39.1 | +6.4 | +19.7% | ||
chemical business. | |||||
35.9 | 35.6 | (0.3) | (1.0%) | Increased largely due to a one-time gain in the domestic | |
consumer products & services business, despite the | |||||
7.0 | 8.3 | +1.3 | +18.4% | higher transportation costs in the South American food | |
business. | |||||
146.0 | 188.1 | +42.1 | +28.8% | Increased largely due to an increase in sales volume | |
22.1 | 33.7 | +11.6 | +52.3% | handled by automotive dealerships. | |
558.5 | 735.4 | +176.9 | +31.7% | ||
180.2 | 235.4 | +55.2 | +30.6% | ||
Metals
Global Parts
- & Logistics
i
- Automotive
i | Machinery, |
s | |
Energy & Project | |
i | |
- Chemicals
- & Electronics
-
Food & Consumer
Services
Africa
-
Gross profit
o
- Operating profit
p
- Profit before income taxes
r
- Profit
t | |
Profit attributable to | |
e | |
owners of the parent | |
133.1 | 155.0 | +21.9 | +16.4% |
72.9 | 73.0 | +0.1 | +0.0% |
81.4 | 105.0 | +23.6 | +28.9% |
25.6 | 33.0 | +7.4 | +28.8% |
96.5 | 125.0 | +28.5 | +29.4% |
28.5 | 43.0 | +14.5 | +50.7% |
72.6 | 105.0 | +32.4 | +44.6% |
21.2 | 30.0 | +8.8 | +41.5% |
133.8 | 160.0 | +26.2 | +19.5% |
43.0 | 48.0 | +5.0 | +11.5% |
47.2 | 50.0 | +2.8 | +5.9% |
5.4 | 8.0 | +2.6 | +45.7% |
198.4 | 240.0 | +41.6 | +20.9% |
26.0 | 37.0 | +11.0 | +42.3% |
759.2 | 940.0 | +180.8 | +23.8% |
294.1 | 380.0 | +85.9 | +29.2% |
330.1 | 410.0 | +79.9 | +24.2% |
248.6 | 310.0 | +61.4 | +24.7% |
222.2 | 270.0 | +47.8 | +21.5% |
Interim
Full year
Payout ratio
(consolidated)
Exchange rate assumptions
Yen / US dollar
Yen / Euro
Changes in
Major Indexes
9M | ||
rate | Yen / US | average |
dollar | End of | |
Exchange | the year | |
9M | ||
Yen / | average | |
Euro | End of | |
the year | ||
Interest rate | Yen TIBOR 3M | |
average | ||
US dollar LIBOR | ||
3M average | ||
Dubai oil (US dollars / bbl.)
Corn futures (cents / bushel)
70 yen | 96 yen |
160 yen | 192 yen |
111 | (forecast)137 |
25.3% | 25.0% |
Year ended | Forecast year ending |
Mar. 31, 2022 | Mar. 31, 2023 |
(results) | (released on Oct. 28) |
112 | 140 |
131 | 135 |
Nine Months ended | Nine Months ended |
December 31, 2021 | |
December 31, 2022 | |
(As of Mar. 31, 2022) | |
(122) | 133 |
131 | 141 |
(137) | 141 |
0.06% | 0.06% |
0.15% | 3.02% |
72 | 94 |
595 | 702 |
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Disclaimer
Toyota Tsusho Corporation published this content on 01 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 February 2023 08:27:07 UTC.