TOTO : Result for the Year Ended March 31, 2022

Results for the Year Ended March 31, 2022

This notice has been translated from the original notice in Japanese.

In the event of any discrepancy, the original in Japanese shall prevail.

April 28, 2022

Copyright © TOTO LTD. All Rights Reserved.

Results for Fiscal Year Ended March 2022

Highlights

Both sales and profits increased. Net sales, operating

profit and recurring profit marked a record high.

Global housing equipment business (Japan):

Increased sales and flat profits

• Increased sales due to robust sales of mainly remodeling and flat profits due to rising prices of raw materials and the impact of parts procurement.

Global housing equipment business (Overseas):

Increased sales and profits

• Both sales and profits increased in the Mainland China.
• Both sales and profits increased in the Asia business due to strong sales mainly in Taiwan region.
• Americas business achieved increases in both sales and profits due to brisk sales of washlets, expanding since the previous year, despite the impact of soaring logistics costs.

New domain business: Increased sales and profits

• Both sales and profits are increased in the ceramics business due to rising demand in the semiconductor market.

Copyright © TOTO LTD. All Rights Reserved.

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Financial results

Unit: Y billion

						Compared
	FY20	FY21	YoY	Currency-
			to 2019
				neutral basis
Net Sales	577.8	645.3	+67.4	+54.8		+49.6
(112%)	(109%)		(108%)
Operating Profit	39.7	52.2	+12.5	+10.3		+16.4
[Operating Margin]	【6.9%】	【8.1%】	(132%)	(126%)		(146%)
Recurring	41.0	56.9	+15.8	+11.0		+20.3
Profit	(139%)	(127%)		(155%)
Profit attributable	27.0	40.1	+13.2	+8.9		+16.2
to owners of parent	(149%)	(133%)		(168%)
ROA	6.5%	8.1%	+1.6pt			+1.9pt
ROE	7.7%	10.4%	+2.7pt			+3.3pt

• Exchange rates

Revised vs. Revised

Plan Plan

650.0 -4.7

(99%)

50.0 +2.2

【7.7%】 (104%)

52.0 +4.9

(109%)

37.5 +2.6

(107%)

7.9% +0.2pt

9.8% +0.6pt

	1Q, FY20	2Q, FY20	3Q, FY20	4Q, FY20	1Q, FY21	2Q, FY21	3Q, FY21	4Q, FY21
1 $	¥108.9	¥107.6	¥106.2	¥104.5	¥106.1	¥109.5	¥110.1	¥113.7
1 CNY	¥15.6	¥15.2	¥15.4	¥15.8	¥16.4	¥17.0	¥17.0	¥17.8
1 €	¥120.1	¥118.6	¥124.1	¥124.6	¥127.8	¥131.9	¥129.8	¥130.0

Both sales and profits increased. Net sales, operating profit

and recurring profit marked a record high.

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Sales and profit by business segment

Unit: Y billion

＜Net Sales＞	FY20	FY21	YoY		Compared
	to 2019
Domestic H.E.	419.8	440.9	+21.1	-1.9
(105%)		(99.6%)
Overseas H.E.	137.7	174.0	+36.3		+38.1
(126%)		(128%)
New Domain	20.1	30.1	+10.0		+13.4
(150%)		(181%)
Others	0.3	0.2	-0.0		-0.0
Total	577.8	645.3	+67.4	+49.6
(112%)		(108%)

＜Operating Profit＞	FY20	FY21	YoY		Compared
	to 2019
Domestic H.E.	22.8	22.9	+0.0	-3.1
(100.2%)		(88%)
Overseas H.E.	17.7	22.9	+5.2		+9.5
(129%)		(171%)
New Domain	1.8	9.3	+7.5		+9.3
(505%)
Others	-2.7	-2.9	-0.2		+0.7
Total	39.7	52.2	+12.5	+16.4
(132%)		(146%)

Revised	vs.
Revised
Plan
Plan
450.0	-9.1
(98%)
170.5	+3.5
(102%)
29.3	+0.8
(103%)
0.2	+0.0
650.0	-4.7
(99%)
Revised	vs.
Revised
Plan
Plan
23.5	-0.6
(97%)
22.0	+0.9
(104%)
7.5	+1.8
(124%)
-3.0	+0.1
50.0	+2.2
(104%)

Both sales and profits increased in all segments.

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