Second Quarter Financial Results

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 Six Months Ended of September 30, 2021
		(Based on IFRS)
					October 29, 2021
Company name:	Toyota Boshoku Corporation
Stock exchange listing:	Tokyo, Nagoya
Stock code:	3116	URL https://www.toyota-boshoku.com
Representative:	President		Takeshi Numa
Inquiries:	General Manager, Accounting & Finance	Takeshi Ogiso	TEL [phone]
Division
Scheduled date to file Quarterly Securities Report:	November 12, 2021
Scheduled date to commence dividend payments:	November 26, 2021
Preparation of supplementary material on quarterly financial results:	Yes
Holding of quarterly financial results meeting:	Yes	(for analysts and institutional investors)

(Amounts less than one million yen are omitted.)

1. Consolidated financial results for the six months ended September 30, 2021 (from April 1, 2021 to September 30, 2021)

(1) Consolidated operating results

(cumulative)

Percentages indicate year-on-year changes

Profit before

Profit

Profit attributable to

Comprehensive

Revenue

Operating profit

owners of

income taxes

for the period

income

the parent

Millions

%

Millions

%

Millions

%

Millions

%

Millions

%

Millions

%

of yen

of yen

of yen

of yen

of yen

of yen

Six months ended

652,080

19.6

24,263

571.3

25,788

715.1

16,736

－

14,153

－

18,949

－

September 30, 2021

Six months ended

545,425

(23.7)

3,614

(86.4)

3,163

(88.3)

(5,330)

－

(7,667)

－

(3,265)

－

September 30, 2020

Basic earnings per share

Diluted earnings per share

Yen

Yen

Six months ended

75.75

－

September 30, 2021

Six months ended

(41.04)

－

September 30, 2020

(2) Consolidated financial position

Total assets

Total equity

Equity attributable to

Ratio of equity attributable

owners of the parent

to owners of the parent

Millions

of yen

Millions of yen

Millions of yen

%

As of September 30, 2021

823,223

375,580

344,841

41.9

As of March 31, 2021

845,778

369,650

334,935

39.6

2. Cash dividends

Annual dividends per share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Year ended March 31, 2021

－

10.00

－

35.00

45.00

Year ending March 31, 2022

－

32.00

Year ending March 31, 2022

－

32.00

64.00

(Forecast)

(Note) Changes in the forecasted cash dividends in this quarter: No

－ 1

－

3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)

Percentages indicate year-on-year changes

	Revenue		Operating profit	Profit before	Profit attributable to	Basic earnings
		income taxes	owners of the parent	per share
	Millions of		%	Millions of	%	Millions of	%	Millions of	%	Yen
	yen		yen	yen	yen
Full year	1,400,000		10.1	72,000	26.1	73,000	27.3	47,000	50.7	251.52

(Note) Changes in the forecast of consolidated financial results in this quarter : No

－ 2 －

－ 3 －

4. Notes

(1)	Changes in significant subsidiaries during the six months ended September 30, 2021	No
	(changes in specified subsidiaries resulting in the change in scope of consolidation):
(2)	Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
	Changes in accounting policies required by IFRS:	No
	Changes in accounting policies due to other reasons:	No
	Changes in accounting estimates:	No

(3) Number of issued shares (common shares)

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

As of September 30, 2021	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 September 30, 2021	799,820	shares	As of March 31, 2021	818,460 shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended	186,855,737	shares	Six months ended	186,831,364 shares
September 30, 2021	September 30, 2020

Consolidated financial statements

Consolidated Statement of Financial Position

				(Millions of yen)
			As of March 31, 2021	As of September 30, 2021
	Assets
	Current assets
	Cash and cash equivalents	195,180	211,130
	Trade and other receivables	222,827	178,404
	Inventories	61,848	73,003
	Other financial assets	14,416	12,645
	Income taxes receivable	3,710	4,533
	Other current assets	8,868	9,671
	Total current assets	506,851	489,388
	Non-current assets
	Property, plant and equipment	263,841	258,052
	Goodwill	4,881	4,882
	Intangible assets	13,177	12,779
	Investments accounted for using equity method	13,447	13,612
	Other financial assets	26,219	27,868
	Deferred tax assets	15,725	15,344
	Other non-current assets	1,632	1,296
	Total non-current assets	338,926	333,835
	Total assets	845,778	823,223

－ 4 －

			(Millions of yen)
		As of March 31, 2021	As of September 30, 2021
Liabilities and equity
Liabilities
Current liabilities
Trade and other payables	175,133	150,426
Bonds and borrowings	22,151	16,653
Other financial liabilities	4,076	5,488
Income taxes payable	7,498	5,925
Provisions	5,937	6,376
Other current liabilities	71,213	72,007
Total current liabilities	286,010	256,878
Non-current liabilities
Bonds and borrowings	119,623	119,788
Other financial liabilities	6,490	7,783
Retirement benefit liability	55,376	56,035
Provisions	224	226
Deferred tax liabilities	6,552	5,453
Other non-current liabilities	1,848	1,477
Total non-current liabilities	190,116	190,764
Total liabilities	476,127	447,642
Equity
Share capital	8,400	8,400
Capital surplus	3,092	3,097
Retained earnings	316,931	325,450
Treasury shares	(1,620)	(1,583)
Other components of equity	8,131	9,476
Total equity attributable to owners of the parent	334,935	344,841
Non-controlling interests	34,715	30,738
Total equity	369,650	375,580
Total liabilities and equity	845,778	823,223

－ 5 －