TEIJIN LIMITED Flash Report
-2Q Results and FY16 Outlook- Teijin Limited November 7, 2016 Outline of FY16 2Q Results1. Outline of FY16 2Q Results
(1) Consolidated results highlights (¥billion)
Operating Movement (Compared with FY15 1H)
Net sales
Operating income
Profit attributable to
owners of parent
FCF
-9.9% -23.6% -12.6% +29.3%
392.1
353.035.3
12.7 27.024.5
21.49.8
FY15 1H | FY16 1H | FY15 1H | FY16 1H | FY15 1H | FY16 1H | FY15 1H | FY16 1H |
2 |
1. Outline of FY16 2Q Results
| FY15 1H | FY16 1H | Difference |
Net sales | 392.1 | 353.0 | -39.0 |
Operating income | 35.3 | 27.0 | -8.3 |
OP margin | 9.0% | 7.6% | -1.4% |
Nonoperating items (net) | 0.5 | (0.3) | -0.8 |
Ordinary income | 35.8 | 26.7 | -9.2 |
Extraordinary items (net) | (2.9) | (2.9) | -0.0 |
Income before income taxes | 33.0 | 23.8 | -9.2 |
Income taxes | 8.9 | 2.0 | -6.9 |
Profit attributable to non- controlling interests | (0.4) | 0.4 | +0.8 |
Profit attributable to owners of parent | 24.5 | 21.4 | -3.1 |
Earnings per share*1 (¥) | 124.5 | 108.7 | -15.8 |
Net sales: Declined, owing to
Impact of optimizing our production configuration associated with restructuring initiatives in the resin business, in addition to the stronger yen, although sales were generally steady across all businesses on the whole
Operating income and ordinary income: Declined owing to
New drug licensing costs and the impact of foreign exchange movements, despite efforts to steadily improve profitability by driving growth in existing businesses and executing restructuring initiatives
Deterioration of non-operating income and losses, mainly due to foreign exchange losses
Profit attributable to owners of parent: Declined despite
Lower tax expense due to the impact of tax effect accounting
EBITDA *2 | 54.4 | 45.6 | -8.8 |
CAPEX *3 | 16.4 | 17.9 | +1.5 |
Depreciation & amortization | 19.0 | 18.6 | -0.4 |
R&D expenses | 16.4 | 19.5 | +3.1 |
FCF | 9.8 | 12.7 | +2.9 |
xchange rate | FY15 1H | FY16 1H |
¥/US$ | 122 | 105 |
¥/€ | 135 | 118 |
US$/€ | 1.11 | 1.12 |
◇PL e
*1 In connection with the consolidation of shares conducted on October 1,
*2 EBITDA = Operating income + Depreciation & amortization
*3 CAPEX includes investments in intangible assets
3
2016, figures were calculated as if the consolidation of shares had been
conducted at the beginning of the previous fiscal year
Teijin Limited published this content on 07 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 November 2016 02:34:09 UTC.
Original documenthttp://www.teijin.com/ir/library/presentation_materials/pdf/pm_161107.pdf
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