TOTO LTD First Half Results
for Fiscal Year Ending March 2022
Copyright © TOTO LTD. All Rights Reserved.
First Half Results for Fiscal Year Ending March 2022
Highlights
We have achieved a substantial increase in both
sales and profits resulting in our highest figures to date.
Domestic H.E.：Increased sales and profits
◆Strong sales in the remodeling business led to increased sales and profits.
Overseas H.E.：Increased sales and profits
◆Both sales and profits increased in the Mainland China business due to the market recovery from the COVID-19 pandemic.
◆Both sales and profits increased in the Asia business due to strong sales mainly in Taiwan region.
◆Both sales and profits increased in the Americas business, due to the continued steady performance of Washlet, which grew significantly last year.
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. | 1 |
First Half Results for Fiscal Year Ending March 2022
Financial results | Unit: Y billion | |||||||||
FY20 | FY21 | YoY | Compared | Plan | vs. | |||||
2Q | 2Q | to 2019 | Plan | |||||||
Net Sales | 256.5 | 309.5 | +53.0 | +13.4 | 297.7 | +11.8 | ||||
(121%) | (105%) | (104%) | ||||||||
Operating Profit | 9.7 | 26.6 | +16.9 | +9.5 | 17.5 | +9.1 | ||||
Operating Margin] | 【3.8%】 | 【8.6%】 | （2.7 times） | (156%) | 【5.9%】 | (152%) | ||||
Recurring | 10.0 | 28.1 | +18.1 | +9.9 | 17.8 | +10.3 | ||||
Profit | （2.8 times） | (154%) | (158%) | |||||||
Profit attributable | 4.4 | 19.9 | +15.5 | +7.2 | 12.2 | +7.7 | ||||
to owners of parent | （4.5 times） | (157%) | (163%) | |||||||
- Exchange rates
1Q, FY20 | 2Q, FY20 | 1Q, FY21 | 2Q, FY21 | |
1 $ | ¥108.9 | ¥107.6 | ¥106.1 | ¥109.5 |
1 CNY | ¥15.6 | ¥15.2 | ¥16.4 | ¥17.0 |
1 € | ¥120.1 | ¥118.6 | ¥127.8 | ¥131.9 |
Both sales and profits increased.
Copyright © TOTO LTD. All Rights Reserved. | 2 |
First Half Results for Fiscal Year Ending March 2022
Sales and profit by business segment
Unit: Y billion
FY20 | FY21 | |||
＜Net Sales＞ | YoY | Currency- | ||
２Q | ２Q | neutral basis | ||
Domestic H.E. | 189.5 | 213.8 | +24.3 | +24.3 | |
(113%) | (113%) | ||||
Overseas H.E. | 57.1 | 82.2 | +25.1 | +20.9 | |
(144%) | (137%) | ||||
New Domain | 9.8 | 13.4 | +3.7 | +3.7 | |
(138%) | (138%) | ||||
Others | 0.1 | 0.1 | -0.0 | -0.0 | |
Total | 256.5 | 309.5 | +53.0 | +48.9 | |
(121%) | (119%) | ||||
FY20 | FY21 | ||||
＜Operating Profit＞ | YoY | Currency- | |||
２Q | ２Q | neutral basis | |||
Domestic H.E. | 4.7 | 12.7 | +8.0 | +8.0 | |
（2.7 times） | （2.7 times） | ||||
Overseas H.E. | 5.9 | 12.4 | +6.5 | +5.7 | |
（2.1 times） | (197%) | ||||
New Domain | 0.4 | 2.9 | +2.5 | +2.5 | |
（7.1 times） | （7.1 times） | ||||
Others | -1.2 | -1.3 | -0.1 | -0.1 | |
Total | 9.7 | 26.6 | +16.9 | +16.0 | |
（2.7 times） | （2.6 times） | ||||
Compared | Plan | vs. | ||
to 2019 | Plan | |||
-8.5 | 207.0 | +6.8 | ||
(96%) | (103%) | |||
+16.7 | 79.0 | +3.2 | ||
(125%) | (104%) | |||
+5.2 | 11.6 | +1.8 | ||
(163%) | (116%) | |||
-0.0 | 0.1 | +0.0 | ||
+13.4 | 297.7 | +11.8 | ||
(105%) | (104%) | |||
Compared | Plan | vs. | ||
to 2019 | Plan | |||
-0.6 | 7.5 | +5.2 | ||
(96%) | (169%) | |||
+6.3 | 10.0 | +2.4 | ||
（2 times） | (124%) | |||
+3.3 | 1.4 | +1.5 | ||
（2.1 times） | ||||
+0.5 | -1.4 | +0.1 | ||
+9.5 | 17.5 | +9.1 | ||
(156%) | (152%) | |||
Both sales and profits increased in all segments.
Copyright © TOTO LTD. All Rights Reserved. | 3 |
First Half Results for Fiscal Year Ending March 2022
Whole group
Causes of increases/decreases of operating profit
(Breakdown of +16.9 billion yen in the previous year's difference)
Unit: Y billion
+4.5 | -3.4 | ||
+24.2 | -1.2 | -2.5 | |
+0.2
Impact of rising copper, resin, steel sheet and shipping prices
9.7
-0.8-1.0 -0.9 -2.6 +0.4
Impact of transferring fixed costs for | 26.6 |
factories and showrooms to extraordinary losses in the previous fiscal year
2Q, FY20 | Increase | Influence of | Cost | Influence of | Human | Amortization | IT related | Development/ | Strengthening | FY20 | Others | 2Q, FY21 | |||
sales | |||||||||||||||
operating | /decrease | parts procurement reduction | raw | resources | investment | production | COVID-19 | operating | |||||||
investment | |||||||||||||||
in sales and | materials | investment, | investment | pandemic | profit | ||||||||||
profit | |||||||||||||||
product range | etc. | related | |||||||||||||
differences | |||||||||||||||
vs. plan | +8.1 | -1.2 | +0.5 | +0.2 | -0.6 | +0.3 | +0.3 | +0.9 | +1.1 | ±0 | -0.4 | +9.1 | |||
Increased profits due to strong sales despite of
rising prices of raw materials.
Copyright © TOTO LTD. All Rights Reserved. | 4 |
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TOTO Ltd. published this content on 17 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2021 07:26:04 UTC.
