Financial Results Briefing

Fiscal 2020

(Ended May 31, 2021)

July 16, 2021 Toyo Denki Seizo K.K.

Program

  • Briefing on Financial Results: 40 minutes
    1. Overview of Financial Results for Fiscal 2020
    2. Outlook for Financial Results for Fiscal Year Ending May 2022
    3. 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.