Consolidated Business Performance for the Second Quarter of the Fiscal Year Ending December 31, 2020
7 Aug, 2020
Major Topics
Consolidated Business Results for the Second Quarter of the Fiscal Year Ending December 31, 2020 (FY2020)
Consolidated Business Outlook for the Fiscal Year Ending December 31, 2020 (FY2020)
Combatting the Novel Coronavirus Disease (COVID-19)
The forward-looking statements contained in these business outlooks and plans are based on information available at the current time and contain potential risks and uncertainties. Therefore, please keep in mind that actual results may, due to a variety of factors, differ from those expressed in the forward-looking statements.
Consolidated Business Results for the Second Quarter of FY2020
Year-on- | |||||
(Unit: millions of | FY2020 2Q | FY2019 2Q | Year-on- | Year | |
yen) | Results | Results | Year Change | Change | |
% | |||||
Net Sales | 150,586 | 178,558 | (27,971) | (15.7%) | |
Operating | 7,928 | 15,344 | |||
Income | (7,415) | (48.3%) | |||
5.3% | 8.6% | ||||
Profit Ratio | |||||
Ordinary | 4,379 | 13,852 | (9,473) | (68.4%) | |
Income | |||||
Profit | 520 | 7,521 | |||
Attributable to | (7,001) | (93.1%) | |||
Owners of Parent | |||||
Dividends | 20 Yen | 20 Yen | 0 Yen | ー | |
per Share | |||||
*Profit Attributable to Owners of Parent: Profit attributable to parent company shareholders
Forex | USD | 109 Yen | 110 Yen | (1 Yen) | |
Rate | EUR | 120 Yen | 125 Yen | (5 Yen) | |
FY2020 | Year-on- | FY2020 | Year-on- |
Jan-Mar | Year | Apr-Jun | Year |
Results | Change | Results | Change |
82,094 | (8,049) | 68,492 | (19,922) |
6,936 | (3,238) | 992 | (4,177) |
8.4% | 1.4% | ||
3,737 | (5,669) | 642 | (3,803) |
2,141 | (3,494) | (1,621) | (3,506) |
Forex Rate Sensibility 2020
USD 0.55 Billion Yen/Year
EUR 0.10 Billion Yen/Year
Impact of 1 yen fluctuation on operating income
3
Consolidated Business Results for the Second Quarter of FY2020
Factors Contributing to Changes in Operating Income
FY2019 2Q | Changes | FY2020 2Q | |||
Results | Results | ||||
15.3 | (7.4) | 7.9 | |||
(12.5) | +6.1 | (1.0) | |||
(billions of yen)
Decreasing factor | Increasing factor | Decreasing factor |
(Tires) | (Tires) | (Others) |
Sales | Production | Forex | SGA | Raw | Change in | Tires | Automotive | ||||||
Depreciation | Other | Total | |||||||||||
Factors | Cost | Rate | Expenses | Materials | Subtotal | Parts | |||||||
Method |
Jan-Mar | (4.2) | (0.8) | (0.1) | (0.6) | +1.8 | +0.7 | (3.1) | (0.1) | (0.0) | (3.2) |
Apr-Jun | (2.5) | (4.1) | (0.8) | +1.6 | +1.3 | +1.3 | (3.3) | (0.9) | (0.0) | (4.2) |
Tires (6.4)
Others
(1.0)
4
Impact of Seismic Isolation Rubber Measures on Performance in the Second Quarter of FY2020
(Unit: | 1Q | 2Q | Total | |
millions of yen) | (A) | (B) | (A+B) | |
For 55 | buildings | ― | ― | ― |
For 99 | buildings | ― | ― | ― |
Charges | 590 | 630 | 1,220 | |
Compensation | 466 | 64 | 530 | |
costs, etc. | ||||
Total | 1,056 | 695 | 1,751 | |
(For Reference)
FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
Full-Year | Full-Year | Full-Year | Full-Year | Full-Year |
Results | Results | Results | Results | Results |
23,063 | 17,034 | 608 | 8,794 | ー |
7,386 | 35,068 | 12,281 | 2,360 | ー |
12,104 | 10,418 | 3,156 | 4,858 | 3,365 |
4,119 | 4,260 | 2,590 | 1,516 | 645 |
46,674 | 66,781 | 18,637 | 17,529 | 4,010 |
*55 buildings : disclosed on March 13, 2015, 99 buildings : disclosed on April 21, 2015
Breakdown of Calculation
The company did not post seismic isolation product costs or renovation/construction costs for changes to | |
1Q of FY2020 | the 55 buildings and 99 buildings. |
(A) | The company posted approx. 500 million yen in compensation costs and approx. |
600 million yen in charges (primarily, in payroll for the seismic isolation rubber task force, etc.). | |
The company did not post seismic isolation product costs or renovation/construction costs for changes to | |
2Q of FY2020 | the 55 buildings and 99 buildings. |
(B) | The company posted approx. 100 million yen in compensation costs and approx. |
600 million yen in charges (primarily, in payroll for the seismic isolation rubber task force, etc.). | |
From 3Q of | As at the present time it is difficult to reasonably estimate the amount, in the event that costs arise in the |
FY2020 onward | future, an additional reserve for product warranties may be posted depending upon the progress of measures. |
5
Consolidated Business Results by Business Segment for the Second Quarter of FY2020
●Net Sales
(Unit: millions of | FY2020 2Q | FY2019 2Q | Year-on-Year | Year-on- | FY2020 | Year-on- | FY2020 | Year-on- | ||
Year | Jan-Mar | Year | Apr-Jun | Year | ||||||
yen) | Results | Results | Change | |||||||
Change % | Results | Change | Results | Change | ||||||
Tires | 134,430 | 155,634 | (21,204) | (13.6%) | 72,297 | (6,461) | 62,133 | (14,742) | ||
Automotive Parts | 16,130 | 22,888 | (6,758) | (29.5%) | 9,782 | (1,586) | 6,347 | (5,172) | ||
Other | 65 | 75 | (10) | (13.3%) | 35 | (2) | 29 | (8) | ||
Adjustments | (39) | (40) | +1 | ― | (21) | +2 | (18) | ― | ||
Total | 150,586 | 178,558 | (27,971) | (15.7%) | 82,094 | (8,049) | 68,492 | (19,922) | ||
* Net sales include intersegment internal net sales or transfers | ||||||||||
●Operating Income | ||||||||||
(Unit: millions of | FY2020 2Q | FY2019 2Q | Year-on-Year | Year-on- | FY2020 | Year-on- | FY2020 | Year-on- | ||
Year | Jan-Mar | Year | Apr-Jun | Year | ||||||
yen) | Results | Results | Change | |||||||
Change % | Results | Change | Results | Change | ||||||
Tires | 9,733 | 16,114 | (6,381) | (39.6%) | 7,399 | (3,143) | 2,333 | (3,238) | ||
Profit Ratio | 7.2% | 10.4% | 10.2% | 3.8% | ||||||
Automotive Parts | (1,805) | (756) | (1,049) | - | (474) | (92) | (1,330) | (957) | ||
Profit Ratio | (11.2%) | (3.3%) | (4.8%) | (20.1%) | ||||||
Other | 20 | 5 | +15 | 400.0% | 22 | (3) | (1) | +19 | ||
Adjustments | (20) | (19) | 0 | - | (11) | 0 | (9) | (2) | ||
Total | 7,928 | 15,344 | (7,415) | (48.3%) | 6,936 | (3,238) | 992 | (4,177) | ||
* Segment profit adjustment amounts include intersegment eliminations |
6
Consolidated Business Results by Geographic Area Segment for the Second Quarter of FY2020
●Net Sales
FY2020 2Q | FY2019 2Q | Year-on-Year | Year-on- | FY2020 | Year-on- | FY2020 | Year-on- | ||||
(Unit: millions of yen) | Year | Jan-Mar | Year | Apr-Jun | Year | ||||||
Results | Results | Change | |||||||||
Change % | Results | Change | Results | Change | |||||||
Japan | 42,730 | 51,857 | (9,127) | (17.6%) | 23,908 | (1,875) | 18,822 | (7,251) | |||
North America | 81,493 | 92,910 | (11,416) | (12.3%) | 41,685 | (4,392) | 39,807 | (7,024) | |||
Other | 26,362 | 33,790 | (7,427) | (22.0%) | 16,500 | (1,781) | 9,862 | (5,646) | |||
Eliminations or | ― | ― | ― | ― | ー | ー | ー | ― | |||
Corporate | |||||||||||
Total | 150,586 | 178,558 | (27,971) | (15.7%) | 82,094 | (8,049) | 68,492 | (19,922) | |||
●Operating Income | * Net sales do not include intersegment internal net sales or transfers | ||||||||||
Year-on- | FY2020 | Year-on- | FY2020 | Year-on- | |||||||
(Unit: millions of | FY2020 2Q | FY2019 2Q | Year-on-Year | ||||||||
Year | Jan-Mar | Year | Apr-Jun | Year | |||||||
yen) | Results | Results | Change | ||||||||
Change % | Results | Change | Results | Change | |||||||
Japan | 2,449 | 12,630 | (10,181) | (80.6%) | 5,871 | (1,243) | (3,421) | (8,937) | |||
North America | 4,143 | 2,869 | +1,274 | +44.4% | 1,500 | (985) | 2,643 | +2,259 | |||
Other | 803 | 2,316 | (1,512) | (65.3%) | 803 | (674) | 0 | (837) | |||
Eliminations or | 532 | (2,471) | +3,004 | - | (1,238) | (334) | 1,770 | +3,338 | |||
Corporate | |||||||||||
Total | 7,928 | 15,344 | (7,415) | (48.3%) | 6,936 | (3,238) | 992 | (4,177) | |||
7
Revised Outline of Consolidated Business Outlook for the Full FY2020
Revised Full- | Full-Year | Year-on- | |||
(Unit: millions of | Year Outlook | Year-on- | Year | ||
Results for | |||||
yen) | for | Year Change | Change | ||
FY2019 | |||||
FY2020 | % | ||||
Net Sales | 330,000 | 377,457 | (47,457) | (12.6%) | |
Operating | 30,000 | 38,447 | |||
Income | (8,447) | (22.0%) | |||
9.1% | 10.2% | ||||
Profit Ratio | |||||
Ordinary | 25,400 | 36,645 | (11,245) | (30.7%) | |
Income | |||||
Profit | 14,000 | 24,482 | |||
Attributable to | (10,482) | (42.8%) | |||
Owners of Parent | |||||
Dividends | 45 Yen | 45 Yen | 0 Yen | ー | |
per Share | |||||
*Profit Attributable to Owners of Parent: Profit attributable to parent company shareholders
Forex | USD | 107 Yen | 109 Yen | (2 Yen) | |
Rate | EUR | 120 Yen | 123 Yen | (3 Yen) | |
FY2020 2Q | Year-on- | Revised | Year-on- |
Year | Outlook for | Year | |
Results | |||
Change | FY2020 2H | Change | |
150,586 | (27,971) | 179,413 | (19,485) |
7,928 | (7,415) | 22,071 | (1,032) |
5.3% | 12.3% | ||
4,379 | (9,473) | 21,020 | (1,772) |
520 | (7,001) | 13,479 | (3,481) |
Forex Rate Sensibility 2020
USD 0.55 Billion Yen/Year
EUR 0.10 Billion Yen/Year
Impact of 1 yen fluctuation on operating income
8
Revised Outlook for the Full FY2020
Factors Contributing to Changes in Operating Income
FY2019
Full-Year Results
38.4
(billions of yen)
Changes | FY2020 |
Full-Year Outlook | |
(8.4) | 30.0 | |||||||||||||
(24.0) | +15.6 | (0.0) | ||||||||||||
Decreasing factor | Increasing factor | Decreasing factor | ||||||||||||
(Tires) | (Tires) | (Others) | ||||||||||||
Sales | Production | Forex | SGA | Raw | Change in | Tires | Automotive | |||||||
Depreciation | Other | Total | ||||||||||||
Factors | Cost | Rate | Expenses | Materials | Subtotal | Parts | ||||||||
Method | ||||||||||||||
2Q | (6.7) | (4.9) | (0.9) | +1.0 | +3.1 | +2.0 | (6.4) | (1.0) | (0.0) | (7.4) | ||||
Results | ||||||||||||||
2H | (10.2) | +0.2 | (1.5) | +1.8 | +4.9 | +2.7 | (2.0) | +1.0 | +0.0 | (1.0) | ||||
Outlook | ||||||||||||||
Others | ||||||
Tires | ||||||
(8.4) | (0.0) | |||||
9
Revised Consolidated Business Outlook by Business Segment for the Full FY2020
●Net Sales
Revised Full- | Full-Year | Year-on- | Year-on- | Revised | Year-on- | ||||
(Unit: millions of | Year Outlook | Year-on-Year | Year | FY2020 2Q | |||||
Results for | Year | Outlook for | Year | ||||||
yen) | for | Change | Change | Results | |||||
FY2019 | Change | FY2020 2H | Change | ||||||
FY2020 | % | ||||||||
Tires | 295,000 | 332,838 | (37,838) | (11.4%) | 134,430 | (21,204) | 160,569 | (16,634) | |
Automotive Parts | 34,900 | 44,551 | (9,651) | (21.7%) | 16,130 | (6,758) | 18,770 | (2,893) | |
Other | 100 | 146 | (46) | ー | 65 | (10) | 35 | (36) | |
Adjustments | 0 | (79) | +79 | ― | (39) | +1 | 39 | +78 | |
Total | 330,000 | 377,457 | (47,457) | (12.6%) | 150,586 | (27,971) | 179,413 | (19,485) | |
●Operating Income
* Net sales include intersegment internal net sales or transfers
Revised Full- | Full-Year | Year-on- | Year-on- | Revised | Year-on- | ||||
(Unit: millions of | Year Outlook | Year-on-Year | Year | FY2020 2Q | |||||
Results for | Year | Outlook for | Year | ||||||
yen) | for | Change | Change | Results | |||||
FY2019 | Change | FY2020 2H | Change | ||||||
FY2020 | % | ||||||||
Tires | 33,000 | 41,393 | (8,393) | (20.3%) | 9,733 | (6,381) | 23,266 | (2,012) | ||
Profit Ratio | 11.2% | 12.4% | 7.2% | 13.9% | ||||||
Automotive Parts | (3,000) | (2,919) | (80) | - | (1,805) | (1,049) | (1,194) | +969 | ||
Profit Ratio | (8.6%) | (6.6%) | (11.2%) | (6.4%) | ||||||
Other | 0 | 14 | (14) | - | 20 | +15 | (20) | (29) | ||
Adjustments | 0 | (39) | +39 | - | (20) | 0 | 20 | +39 | ||
Total | 30,000 | 38,447 | (8,447) | (22.0%) | 7,928 | (7,415) | 22,071 | (1,032) | ||
* Segment profit adjustment amounts include intersegment eliminations 10
Revised Consolidated Business Outlook by Geographic Area Segment for the Full FY2020
●Net Sales
Revised Full- | Full-Year | Year-on- | Year-on- | Revised | Year-on- | ||||
Year Outlook | Year-on-Year | Year | FY2020 2Q | ||||||
(Unit: millions of yen) | Results for | Year | Outlook for | Year | |||||
for | Change | Change | Results | ||||||
FY2019 | Change | FY2020 2H | Change | ||||||
FY2020 | % | ||||||||
Japan | 99,100 | 113,473 | (14,373) | (12.7%) | 42,730 | (9,127) | 56,369 | (5,246) | |
North America | 176,100 | 197,698 | (21,598) | (10.9%) | 81,493 | (11,416) | 94,606 | (10,182) | |
Other | 54,800 | 66,286 | (11,486) | (17.3%) | 26,362 | (7,427) | 28,437 | (4,059) | |
Eliminations or | ― | ― | ― | ― | ― | ― | ― | ― | |
Corporate | |||||||||
Total | 330,000 | 377,457 | (47,457) | (12.6%) | 150,586 | (27,971) | 179,413 | (19,486) | |
●Operating Income | * Net sales include intersegment internal net sales or transfers | ||||||||
Revised Full- | Full-Year | Year-on- | Year-on- | Revised | Year-on- | ||||
Year Outlook | Year-on-Year | Year | FY2020 2Q | ||||||
(Unit: millions of yen) | Results for | Year | Outlook for | Year | |||||
for | Change | Change | Results | ||||||
FY2019 | Change | FY2020 2H | Change | ||||||
FY2020 | % | ||||||||
Japan | 20,500 | 27,039 | (6,539) | (24.2%) | 2,449 | (10,181) | 18,051 | +3,642 | |
North America | 9,400 | 8,378 | +1,022 | +12.2% | 4,143 | +1,274 | 5,257 | (252) | |
Other | 1,900 | 3,610 | (1,710) | (47.4%) | 803 | (1,512) | 1,096 | (197) | |
Eliminations or | (1,800) | (580) | (1,220) | - | 532 | +3,004 | (2,332) | (4,223) | |
Corporate | |||||||||
Total | 30,000 | 38,447 | (8,447) | (22.0%) | 7,928 | (7,415) | 22,071 | (1,032) | |
11
Combatting the Novel Coronavirus Disease (COVID-19)
Changes in our key markets
- After hitting bottom in April, tire demand in the replacement market has begun to recover in some regions, including North America. As auto manufacturers have resumed production, the size of the demand decline for tires for new vehicles has been shrinking.
- In anticipation of life "with corona," various structural changes are taking place here and there: resumption of economic activities while the end of COVID-19 is still not in sight; "work from home" and new work styles emerging; commuters' shift from public transportation to private cars.
- Souring U.S.-China relationship has increased likelihood of anti-dumping duties being imposed.
Preparations to outperform the market in the demand recovery phase
- All tire and auto components production bases across the world back to normal operation.
- Building a supply structure with an appropriate level of inventory in mind to ensure timely supply that matches demand and capture sales opportunities without fail.
- Steadily expanding sales of new products launched on key markets and boosting their demand, in addition to returning to the previous sales volumes in each market.
Efforts to ensure business continuity
- Steadily implementing earnings structure reforms (re-examining capex plans, cost reduction and rationalization)
- Pursuing financial activities with a conservative scenario in mind to secure necessary funds for equipment, etc.
12
(For Reference)
Changes in Tire Production (New Rubber Volume)
(Unit: 1,000 Tons) * Bar graph values show tire production volume composition ratio by region (%)
70.0 | ||||||||||||||||||||||||||||||||
60.0 | ||||||||||||||||||||||||||||||||
18.2% | 18.5% | 18.3% | 18.2% | |||||||||||||||||||||||||||||
17.9% | ||||||||||||||||||||||||||||||||
50.0 | ||||||||||||||||||||||||||||||||
28.7% | 27.3% | 29.1% | 29.0% | |||||||||||||||||||||||||||||
40.0 | ||||||||||||||||||||||||||||||||
31.7% | ||||||||||||||||||||||||||||||||
Asia | 30.0 | 21.3% | ||||||||||||||||||||||||||||||
20.0 | 23.2% | |||||||||||||||||||||||||||||||
N.Ameri | ||||||||||||||||||||||||||||||||
53.1% | 54.2% | 52.6% | 52.9% | 50.4% | ||||||||||||||||||||||||||||
ca | ||||||||||||||||||||||||||||||||
10.0 | 55.5% | |||||||||||||||||||||||||||||||
Japan | ||||||||||||||||||||||||||||||||
0.0 | ||||||||||||||||||||||||||||||||
FY2019 Jan-Mar | FY2019 Apr-Jun FY2019 Jul-Sep | FY2019 Oct-Dec FY2020 Jan-Mar | FY2020 Apr-Jun | |||||||||||||||||||||||||||||
FY2019 | FY2020 | |||||||||||||||||||||||||||||||
(Unit: 1,000 Tons) | 1H | 2H | Full Year | 1H | ||||||||||||||||||||||||||||
Jan-Mar | Apr-Jun | Jan-Jun | Jul-SepOct-Dec | Jul-Dec | Jan-Dec | Jan-Mar | Apr-Jun | Jan-Jun | ||||||||||||||||||||||||
Results | Results | Results | Results | Results | Results | Results | Results | Results | Results | |||||||||||||||||||||||
Japan | 32.7 | 33.1 | 65.7 | 32.2 | 32.7 | 64.9 | 130.6 | 29.1 | 19.2 | 48.3 | ||||||||||||||||||||||
N. America | 17.7 | 16.7 | 34.4 | 17.8 | 17.9 | 35.7 | 70.1 | 18.3 | 8.0 | 26.3 | ||||||||||||||||||||||
Asia | 11.2 | 11.3 | 22.5 | 11.2 | 11.2 | 22.3 | 44.9 | 10.3 | 7.4 | 17.7 | ||||||||||||||||||||||
Total | 61.6 | 61.1 | 122.7 | 61.2 | 61.7 | 122.9 | 245.6 | 57.7 | 34.5 | 92.2 | ||||||||||||||||||||||
13
(For Reference)
Year-on-Year Change in Tire Sales Quantity by Region
* Year-on-Year when the same period of the previous year = 100
FY2019 | FY2020 |
(Unit: %) | 1H | 2H | Full Year | 1H | ||||||
Jan-Mar | Apr-Jun | Jan-Jun | Jul-SepOct-Dec | Jul-Dec | Jan-Dec | Jan-Mar | Apr-Jun | Jan-Jun | ||
Results | Results | Results | Results | Results | Results | Results | Results | Results | Results | |
OE Total | 112 | 100 | 106 | 107 | 83 | 94 | 100 | 82 | 38 | 62 |
RE Japan | 105 | 112 | 109 | 126 | 87 | 103 | 105 | 98 | 89 | 93 |
RE Overseas | 95 | 93 | 94 | 103 | 98 | 101 | 97 | 95 | 82 | 89 |
Of which | 100 | 91 | 95 | 105 | 98 | 102 | 99 | 88 | 98 | 93 |
N. America | ||||||||||
Of which | 92 | 84 | 89 | 105 | 91 | 99 | 93 | 100 | 70 | 88 |
Europe | ||||||||||
Of which | 89 | 105 | 97 | 89 | 105 | 96 | 97 | 103 | 61 | 80 |
SE Asia | ||||||||||
Total | 100 | 97 | 98 | 107 | 93 | 100 | 99 | 93 | 75 | 84 |
14 |
(For Reference)
Price Changes in Major Raw Materials
◆Market Price Trends
Change in Dubai Crude Oil and Domestic Naphtha Prices | Change in Natural Rubber TSR #20 Prices (SICOM) |
(USD/bbl) | (1,000 Yen/kl) | (USC/kg) | |||||||||||||||||||||||||||||||||
125 | 100 | 300 | |||||||||||||||||||||||||||||||||
Dubai Crude Oil | Natural Rubber | TSR#20 | |||||||||||||||||||||||||||||||||
100 | Domestic Naphtha | 80 | 250 | ||||||||||||||||||||||||||||||||
200 | |||||||||||||||||||||||||||||||||||
75 | 60 | ||||||||||||||||||||||||||||||||||
150 | |||||||||||||||||||||||||||||||||||
50 | 40 | ||||||||||||||||||||||||||||||||||
100 | |||||||||||||||||||||||||||||||||||
25 | 20 | 50 | |||||||||||||||||||||||||||||||||
0 | 16/12 | 17/9 | 17/12 | 18/12 | 19/12 | 0 | 0 | 16/12 | 17/12 | 18/12 | 19/12 | ||||||||||||||||||||||||
16/3 | 16/6 | 16/9 | 17/3 | 17/6 | 18/3 | 18/6 | 18/9 | 19/3 | 19/6 | 19/9 | 20/3 | 20/6 | 16/3 | 16/6 | 16/9 | 17/3 | 17/6 | 17/9 | 18/3 | 18/6 | 18/9 | 19/3 | 19/6 | 19/9 | 20/3 | 20/6 | |||||||||
◆Price Changes & Impact by Raw Material (Operating Income Basis) | (Unit: billions of yen) | ||||||||||||||||||||||||||||||||||
FY2019 | FY2020 | ||||||||||||||||||||||||||||||||||
Raw Material | 1H | 2H | Full Year | 1H | |||||||||||||||||||||||||||||||
Jan-MarApr-Jun | Jan-Jun | Jul-SepOct-Dec | Jul-Dec | Jan-Dec | Jan-MarApr-Jun | Jan-Jun | |||||
Results | Results | Results | Results | Results | Results | Results | Results | Results | Results | ||
Natural Rubber | +0.4 | +0.1 | +0.5 | (0.1) | (0.1) | (0.2) | +0.3 | (0.0) | +0.0 | +0.0 | |
Petroleum Products | (0.9) | 0.0 | (0.9) | +0.8 | +2.2 | +3.0 | +2.1 | +1.3 | +0.9 | +2.2 | |
Other Raw Materials | (0.1) | +0.3 | +0.2 | +0.2 | +0.6 | +0.8 | +1.0 | +0.6 | +0.4 | +1.0 | |
Total | (0.6) | +0.4 | (0.2) | +0.9 | +2.7 | +3.6 | +3.4 | +1.8 | +1.4 | +3.1 | |
15
(For Reference)
Changes in Interest-Bearing Debt Balance and Capital Ratio
(billions of yen)
250.0
200.0
150.0
100.0
50.0
0.0
Interest-Bearing Debt | Capital Ratio | |
Balance (Left Axis) | (Right Axis) |
47.5 48.5
33.6 32.5
28.8
132.9 | 120.0 | 137.3 | 118.5 | 123.9 |
FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
2Q |
(%)
60
50
40
30
20
10
0
16
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Disclaimer
Toyo Tire & Rubber Co. Ltd. published this content on 07 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2020 02:33:10 UTC