Financial Results （PDF:630.7KB）

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results for the Year Ended of March 31, 2022

(Based on IFRS)

Company name:	Toyota Boshoku Corporation
Stock exchange listing:	Tokyo, Nagoya
Stock code:	3116 URLhttps://www.toyota-boshoku.com
Representative:	President Takeshi Numa
General Manager, Accounting & Finance
Inquiries:

Takeshi Ogiso
Division
Scheduled date of ordinary general meeting of shareholders	June 14, 2022
Scheduled date to file Securities Report:	June 21, 2022
Scheduled date to commence dividend payments:	May 30, 2022
Preparation of supplementary material on financial results:	Yes
Holding of financial results meeting:

Yes (for analysts and institutional investors)

April 28, 2022

TEL [phone]

(Amounts less than one million yen are omitted.)

1. Consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022)

(1) Consolidated operating results (cumulative)

Percentages indicate year-on-year changes

Revenue

Operating profit

Profit before income taxes

Profit for the period

Profit attributable to owners of the parent

Comprehensive income

Year ended March 31, 2022 Year ended March 31, 2021

Millions of yen 1,421,451 1,272,140

% 11.7 (7.3)

Millions of yen 60,290 57,103

% 5.6 19.5

Millions of yen 64,529 57,345

% 12.5 19.3

Millions of yen 45,966 37,597

% 22.3 18.9

Millions of yen 39,260 31,188

% 25.9 25.8

Millions of yen 73,686 59,366

% 24.1 260.6

Profit per share attributable to owners of the parent - Basic	Profit per share attributable to owners of the parent - Diluted	Ratio of profit to equity attributable to owners of the parent	Ratio of profit before income taxes to total assets	Ratio of operating profit to revenue
Year ended March 31, 2022 Year ended March 31, 2021	Yen 210.15 166.93	Yen 210.13 －	% 10.9 10.0	% 7.1 7.1	% 4.2 4.5

(2) Consolidated financial position

Total assets	Total equity	Equity attributable to owners of the parent	Ratio of equity attributable to owners of the parent	Equity per share attributable to owners of the parent
As of March 31, 2022 As of March 31, 2021	Millions of yen 964,740 845,778	Millions of yen 423,835 369,650	Millions of yen 386,162 334,935	% 40.0 39.6	Yen 2,066.53 1,792.56

(3) Consolidated cash flows

Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
Year ended March 31, 2022 Year ended March 31, 2021	Millions of yen 122,933 74,483	Millions of yen (40,893) (51,392)	Millions of yen (48,664) 2,756	Millions of yen 237,952 195,180

2. Cash dividends

Annual dividends per share	Total cash dividends (annual)	Dividend payout ratio (consolidated)	Ratio of dividends to equity attributable to owners of the parent (consolidated)
1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
Year ended March 31, 2021 Year ended March 31, 2022	Yen － －	Yen 10.00 32.00	Yen － －	Yen 35.00 32.00	Yen 45.00 64.00	Millions of yen 8,408 11,959	% 27.0 30.5	% 2.7 3.3
Year ending March 31, 2023 (Forecast)	－	35.00	－	35.00	70.00	25.1

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)

Percentages indicate year-on-year changes

Revenue	Operating profit	Profit before income taxes	Profit attributable to owners of the parent	Profit per share attributable to owners of the parent - Basic
Full year	Millions of yen 1,570,000	% 10.5	Millions of yen 78,000	% 29.4	Millions of yen 81,000	% 25.5	Millions of yen 52,000	% 32.4	Yen 278.34

4. Notes

(1) Changes in significant subsidiaries during the year ended March 31, 2022

No

(changes in specified subsidiaries resulting in the change in scope of consolidation):

• (2) Changes in accounting policies and changes in accounting estimates

  Changes in accounting policies required by IFRS:

  Changes in accounting policies due to other reasons: Changes in accounting estimates:

  No No No

• (3) Number of shares issued (common shares)

  Total number of shares issued at the end of the period (including treasury shares)

  As of March 31, 2022

  187,665,738 shares

  As of March 31, 2021

  187,665,738 shares

  Number of treasury shares at the end of the period

  As of March 31, 2022

  799,985 shares

  As of March 31, 2021

  818,460 shares

  Average number of shares issued during the period (cumulative from the beginning of the fiscal year)

Year ended March 31, 2022

186,823,581 shares

Year ended March 31, 2021

186,839,339 shares

Consolidated financial statements Consolidated Statement of Financial Position

(Millions of yen)
As of March 31, 2021	As of March 31, 2022
Assets
Current assets
Cash and cash equivalents	195,180	237,952
Trade and other receivables	222,827	261,814
Inventories	61,848	79,345
Other financial assets	14,416	19,990
Income taxes receivable	3,710	3,279
Other current assets	8,868	11,933
Total current assets	506,851	614,317
Non-current assets
Property, plant and equipment	263,841	270,477
Goodwill	4,881	4,889
Intangible assets	13,177	13,060
Investments accounted for using the equity method	13,447	13,377
Other financial assets	26,219	27,563
Deferred tax assets	15,725	19,355
Other non-current assets	1,632	1,698
Total non-current assets	338,926	350,422
Total assets	845,778	964,740

(Millions of yen)

As of March 31, 2021	As of March 31, 2022
Liabilities and equity
Liabilities
Current liabilities
Trade and other payables	175,133	218,979
Bonds and borrowings	22,151	28,381
Other financial liabilities	4,076	4,622
Income taxes payable	7,498	9,359
Provisions	5,937	6,358
Other current liabilities	71,213	92,256
Total current liabilities	286,010	359,958
Non-current liabilities
Bonds and borrowings	119,623	111,358
Other financial liabilities	6,490	7,901
Retirement benefit liability	55,376	56,107
Provisions	224	288
Deferred tax liabilities	6,552	3,352
Other non-current liabilities	1,848	1,937
Total non-current liabilities	190,116	180,946
Total liabilities	476,127	540,904
Equity
Share capital	8,400	8,400
Capital surplus	3,092	3,097
Retained earnings	316,931	345,680
Treasury shares	(1,620)	(1,583)
Other components of equity	8,131	30,567
Total equity attributable to owners of the parent	334,935	386,162
Non-controlling interests	34,715	37,672
Total equity	369,650	423,835
Total liabilities and equity	845,778	964,740