outline of consolidated results for the first half of ... · ･automobile sales 3.1 ......

Outline of Consolidated Results forthe First Half of FY2016(Year ending March 31, 2017)

1

November 4, 2016

Contents

1. Outline of Consolidated Results for the First Half of FY2016

2. Revision of Full-Year Consolidated Forecast for FY2016

3. Achieving Our Long-Term Business Plan

4. Supplementary Materials on Financial Results

5. Another Supplementary Materials

P.3

P.10

P.13

P.25

P.36

2

1. Outline of Consolidated Results for the First Half of FY2016

3

MetalsGlobal Parts & LogisticsAutomotiveMachinery, Energy & ProjectChemicals & ElectronicsFood & Consumer Services

▲14%▲614.7

Outline of Consolidated Results for the First Half of FY2016 (Net Sales) （Billion yen）

＜Reasons for Y o Y Change in Net Sales＞

Segments Change Main factors behind year -on-year change

Metals ▲123.8 Lower sales due to lower market price

Global Parts & Logistics ▲39.1

Lower sales due to forex effect despitehigher sales due to increase in automotivecomponents handled overseas

Automotive ▲84.3

Lower sales due to decrease in export byToyota Tsusho Corporation as well as decrease in trading volume handled by overseas auto dealership

Machinery, Energy& Project ▲161.3

Lower sales due to lower market value of petroleum and decrease in trading volume ofautomobile related facilities

Chemicals & Electronics ▲146.5 Lower sales due to decrease in trading

volume of electronics-related products

Food & ConsumerServices ※

▲59.8Lower sales due to decrease in trading volume of grain handled overseas

943.1

498.8

646.1

914.2

288.9

4,284

991.1

Y o Y

4

3,669.3

819.3

459.7

561.8

752.9

844.6

229.1

FY2015

1H

FY2016

1H

※ Effective April 1,2016,the Food & Agribusiness Division and the ConsumerProducts & Services Division have been integrated in the Food & Consumer Services Division. In line withthis, net sales and operating income forthe six months ended Sep. 30,2015have been recast to reflect this change.

MetalsGlobal Parts & LogisticsAutomotiveMachinery, Energy & ProjectChemicals & ElectronicsFood & Consumer Services

Outline of Consolidated Results for the First Half ofFY2016 (Operating Income)

19.7

11.2

15.7

10.1

4.1

66.4

11.2

▲11%▲7.2

Y o Y

5

14.2

7.7

12.0

7.8

16.6

4.4

59.2

FY2015

1H

FY2016

1H

＜Reasons for Y o Y Change in Operating Income＞

Segments Change Main factors behind year-on-year change

Metals ▲5.5Effect of lower market value and offsettingforeign exchange gains/losses included in non-operating category

Global Parts & Logistics ▲3.5 Offsetting foreign exchange gains/losses

included in non-operating category

Automotive ▲3.7

Lower operating income to decrease in export by Toyota Tsusho Corporation as well as decreasein trading volume handled by overseas auto dealership

Machinery, Energy & Project ▲2.3

Lower sales due to lower market value of petroleum products and decrease in trading volumeof automobile related facilities

Chemicals & Electronics 5.4 Increased due to effect of loss on valuation of

inventories in previous year

Food & consumerServices 0.3 Increased due to decrease in amortization of

Tomen Corporation merger goodwill

（Billion yen）

FY20151H

FY20161H

Forex Effect・ Forex translation

effect ▲6.9・ Offsetting forex

losses ▲11.5

Non-recurringFactors

Loss on valuation ofinventories from previous fiscal year +6.2･Aluminum premium +1.8 ▲20･Decrease in allowancefor doubtful receivablesin Venezuela +1.7

Completion ofMerger GoodwillAmortization・ Influence of mergergoodwill amortizationfrom previous fiscal year +7.2

Demand/TradingVolume, Others

･ Automobile sales ▲3.1・ Electric related

subsidiaries ▲2.6

Forex EffectNon-recurring

Factors▲18.4

+9.7

+7.2 ▲5.7

▲7.2

66.4

59.2

6

Reference: Toyota Automobile ProductionUnits: thousands FY2015 1H FY2016 1H Change

Japan 1,561 1,584 23

Overseas 2,872 2,917 45

Total 4,433 4,501 68

（Billion yen）

Reasons for Changes in First Half of FY2016 (Operating Income)

Completion ofMerger Goodwill

AmortizationDemand/TradingVolume, Others

2016/3上期

2017/3上期

2016/3上期

2017/3上期

2Q

1Q

+24％+16.1

7

【Ordinary Income】 +16.1Ordinary Income increased due to higher Share of profit of entitles accounted for using equity methodmainly in Metals division.【Net Income (Attributable to owners of the parent)】 +18.3Net income increased due to loss of cancellation of contract, decrease in loss on valuation of investment securities and investments in capital in which recorded in first half of FY2015.

213

189

+77％+18.3

Ordinary Income

Net incomeNet Income(Attributable to owners of the Parent)

82.566.4

42.0

23.7

35.4

39.131.0

43.3 10.8

12.9 21.3

20.6 2Q

1Q

FY20151H

FY20161H

FY2015 1H

FY20161H

（Billion yen）

Outline of Consolidated Results for FY2016 of 1H (Ordinary Income and Net Income Attributable to Owners of the Parent )

Long-term Liabilities

1,148.9

Long-term Liabilities

1,159.1

Balance Sheets

Mar. 31, 2016

CurrentAssets2,425.8

Fixed Assets1,526.2

Current Liabilities

1,737.1

Sep. 30, 2016

Fixed Assets1,413.2

Current Liabilities

1,562.1

Net Assets961.2

Mar. 31,2016

Sep. 30,2016 Change

Total Assets 3,952.1 3,672.3 ▲279.8

Net Worth 888.6 812.9 ▲75.7

Net Worth Ratio (%) 22 22 ▲0

Net Interest-bearing Debt 1,102.7 1,006.1 ▲96.6

Net DER (times) 1.24 1.24 ▲0

Current Ratio (%) 140 145 5

Net Assets1,055.7

8

CurrentAssets2,259.1

(Billion yen)

Net cash provided by operating activities 109.5

IBIT+DA 78.7Amortization expense 47.6Working capital 36.9

Cash Flows

73.0

▲94.1

Net cash provided by operating activitiesNet cash used in investing activitiesFree cash flow

Net cash provided by operating activities 73.0

IBIT+DA 51.3Amortization expense 56.0Working capital ▲3.8

FY2015 1H FY2016 1H

Net cash used in investing activities ▲94.1Automotive-related ▲31.4Grain business ▲27.5Electric power business ▲25.0Africa business ▲5.0

Net cash used in investing activities ▲40.3Automotive productions ▲10.3Automotive sales ▲7.4Electric power business ▲8.6Africa business ▲6.2

9

109.5

▲40.3

69.2

（Billion yen）

▲21.1

2. Revision of Full-Year ConsolidatedForecast for FY2016

10

11

Assumptions of Revised Full-Year ConsolidatedForecast for FY2016

Benchmark FY2015 ActualFY2016

originally planned

1H of the modification

Exchange rateYEN / USD 120 105 100

YEN / EUR 133 120 110

Toyota Motor’s

Automotive production

Units: million units

893 900

（Full year of the revised forecast)

918

FY2016 Revised Full-Year Forecast and Dividends

FY20161H Results

FY2016 Original Initial

Forecast

3,669.37,300.0Net sales

Operating income 59.2144.0

Ordinary income 82.5150.0

Net income(Attributable to

owners of the parent)42.070.0

(Billion yen)

Progress Rate from Revised Forecast (%)

50%

46%

55%

60%

12

FY2016 Revised Forecast

7,300.0

130.0

150.0

70.0

Revision

0.0

-14.0

0.0

0.0

Cash dividends per share (yen) 62 62 0.0

Revised operating income downward due to revision of assumed exchange rates and economic downturn in emerging countries. However the original forecast for net income is unchanged because of improvement in non-operating income.

Original Initial forecast for cash dividends per share is unchanged.

3. Achieving Our Long-Term Business Plan

13

14

Achieving Our Long-Term Business Plan: Core Domains and Africa Strategy

AfricaThree Domains

Life &Community

Resources &Environment

Mobility

Region 2016 2027 Change

North America 21.25 22.18 4%

Europe 16.46 17.50 6%

China 25.20 32.78 30%

Asia & Oceania 4.46 5.48 23%

India 3.60 5.26 46%

Africa 1.39 1.83 32%

South America 4.42 5.85 32%

Global 90.53 106.98 18%

15

MobilityGlobal Automotive Sales Forecast and TTC Automotive Trends

Automotive Sales Forecast (Million units)

Source: FOURIN, “Automotive Industry Yearbook 2016”

Mobility

Automotive Production Automotive Sales

• Exhaust regulations• Fuel economy

regulations• Weight reduction• New autonomous

driving technologies

• Various Changes in car ownership styles.(car sharing, etc.)⇒ Difficulty increase in

car ownership

• Increased demand for conventional cars

• Increased desire to purchase automotive due to growing middle class

Developed C

ountriesEm

erging Countries

• Enhanced automotive lineup

16

Mobility

Increase in production of conventional cars

Establish low-cost operations

Technology is advancing rapidly in the automotive industry.

• More powerful automotive electronics• Established NEXTY Electronics Corp.• Developed vehicle software with Denso Corp.• Operating data analysis (vehicle platoon

verification)

Improved functions and proposal capabilities Expand other auto

makes

Response to Environment Autonomous Driving, Computerization & Electronics

• New Suzuki plant in Gujarat (250 thousand units)• New Toyota Mexico plant (190 thousand units)

Operates automotive production business with 69 bases in 17 countries.

ToyotsuCore Values

ToyotsuCore Values

Measures in Response to AutomotiveProduction Trends

• Develop and consistently supply lithium• Produce hydrogen and develop infrastructure • Develop new materials: carbon fiber recycling

17

Mobility

Incorporatecustomer needs from sales outside the Group

Aged vehicles,imported used

vehicles

Cycle created from Toyota-Tsusho Group’s sales network

New & used vehicles

ToyotsuCore Values

Return flow

Measures in Response to Automotive Sales Trends

Develop the distributor and dealership businesses, concentrate on next-generation vehicles and create related service businesses

Operations in 84 countries (distributors in 68 countries, dealers in 22 countries)

Small-scale production

Proprietary Sales

Non-proprietary Sales

Services

Used Vehicles

Parts

Parts

Finance and

Insurance

Finance and

Insurance Parts

Services Services

Trade-ins

Usedvehicles

New vehicles

Usedvehicles

Accessories Accessories

ToyotsuCore

Values18

ToyotsuCore

Values

Strategy in Electronics Business

Platoon demonstration of autonomous driving truck

Development, design, and validation for Powertrain controlsystems and Software Joint development

with Denso Corp.

Received R&D and demonstration projects publicly tendered by the Ministry of Economy, Trade and Industry

Established NEXTY Electronics Corporation

Expand products -lineup

Differentiate by enhancing quality and technological capabilities

Contributes to creating a safe and secure energy-savingsociety

Development & improvement of automotive software incorporated

in semiconductors

18

Life & Community

Launched as No.1 global Automotive electronics company

19

ToyotsuCore

Values

Japan: Further expand the wind power business Overseas: Accelerate expansion of wind and solar power business Structure a business strategy to address amended feed-in tariff

scheme and electricity market liberalization

19

Resource & Environment

Renewable energy

Contribute to a sustainable global society by supplyingelectric power

Establish and expand a stable earnings base by building a strong

asset portfolioPower generation business

in N. America4,155MW

Power generation business

in Asia1,911MWThermal

power

Eurus Energy2,854MW

No. 1 share of wind power business in Japan In-house development, construction and

operation Ability to create projects, including funding

Expansion in Electric Power Business

(U.S. dollars)

Sources: World Bank, “Annual Report 2016” and African Development Bank Group, “Africa in 50 Years Time 2011”

Increase in personal

consumption

(%)

Growth Potential in Africa

20

Increase in national income

Increase in middle class

Per Capital Gross National Income in Africa Trend in Africa’s Emerging Middle Class

Africa

Spending: Middle class – Over USD 4 ; Poverty – USD 1.25-2.0 Extreme poverty – Under USD 1.25

504

1,280

1,627

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2000 2010 2011～2015

44.15 42.25

40.01

37.77 35.52 33.28

16.70 17.71 17.31 16.90 16.50 16.09

34.32 33.44 35.60

37.76 39.91 42.07

0

10

20

30

40

50

2010 2020 2030 2040 2050 2060

Extreme poverty Poverty Middle class

Ｚ

Existing Businesses in Africa (Automotive)

CKD* business*Complete Knock-Down

Automotive salesCaptive finance & lease

Automotive salesAutomotive production-related businessesBlanking, scrap business, tire assembly, parts production

Multi-brand business (CFAO)Yamaha motorcycle production in Nigeria etc., sales in 16 countries

CFAO

Toyota Tsusho

Both2121

Africa

South Africa

East Africa

North Africa

West Africa

Operations by Country

East Africa

North Africa

South Africa

West Africa

Existing Businesses in Africa (Non-Automotive)

2222

Africa

Offshore gas field drilling and rig chartering businessesElectric Power EPC

Geothermal power businessPort of Mombasa development & crane PJAgriculture & construction equipment salesChemicals (fertilizer)

Prepare land to grow, process and sell guar beans (Zambia)

Pharmaceutical salesHeineken beer production & salesPlastic product manufacturing & salesL'Oréal product manufacturing & salesMakita product sales

CFAO

Toyota Tsusho

Both

23

Take on New Challenges in African Markets

CFAO StrengthsToyota Tsusho Strengths Automobile

distributor business

Power & infrastructure businesses

Retail business FMCG production Pharmaceutical

business New automotive sales

Africa

Retail related Heineken beer

production and sales (cross development)

e-commerce business

(Rwanda)◎ Traffic congestion system verification

test (Kenya)◎ Kenya Vision 2030 extended

collaboration◎ Fertilizer production and sales◎ Medical businesses using ICT

Investment in companies◎ Nairobi Airport New Terminal◎ Geothermal power area development (Ethiopia)◎ Geothermal power area development◎ Textile machinery industry development

◎ TICAD MOU.

Become a leading company in Africa through synergy

Expand automotive sales network and services (improvement and safety)

Strengthen direct sales by centralizing inventory

Build automotive-related businesses

◎ Establish an integrated transport company for completed automobiles with Bollore of France and Nippon Yusen

CKD production with Yamaha

Mobility Domain

シナジーSynergy

Strengthen our earnings foundation and take on challenges in three domains

Automotive electronics and power generation businessesExpanded in markets where we can leverage our strengths

Created new businesses in Africa

Increase returns on investment by rigorously employing quantitative benchmarks

Selectivity driven by rigorous internal investment criteria

Promoted scrap and build in existing projects

Strengthen cash flow management

Reduced working capital employed (improved operating cash flow)

Kept investment within the cash flow of each operating division

Investment Policy

Financial Policy

Achieving Our Long-Term Business Plan

Management Strategy

24

The First Half of FY2016 in Retrospect

4. Supplementary Materials on Financial Results

25

FY20151H

FY20161H

14.2

▲6.0

Results and Reasons of Changes for the First Half of FY2016(Operating Income)

Forex Effect

Demand/Trading Volume +2.3

Markets/PricesOthers

Forex EffectForex translation effect ▲2.0Offsetting forex losses ▲4.0

OtherEffect of Aluminum premium In previous fiscal year +1.8

＜Metals Division＞

Demand/Trading VolumeAutomotive production +1.2Higher demand +0.2

▲3.2

19.7

▲5.526

+1.4

（Billion yen）

Markets/PricesAutomotive related ▲2.0Steel Products ▲4.0

FY20151H

FY20161H

▲5.5

Forex EffectAllowance for DoubtfulReceivables


＜Global Parts & Logistics Division＞

+1.6

Demand/Trading Volume

+0.4

Allowance for Doubtful ReceivablesReceivable in Venezuela +0.4

▲3.527

11.2

7.7

（Billion yen）


▲3.1

Forex EffectDemand/

Trading Volume Completion ofMerger Goodwill

AmortizationOthers

Forex EffectForex translation effect ▲2.5

Other

Angola functional currency change +1.2Newly consolidatedSubsidiaries +0.1

＜Automotive Division＞

Allowance for Doubtful ReceivablesReceivable in Venezuela +1.0Others ▲0.6

Demand/Trading VolumeRetails （CFAO・Africa・South Pacific Regions, etc.） ▲2.1Exports ▲1.0

+1.3Allowancefor DoubtfulReceivables

+0.4

▲2.5

+0.2 12.0

▲3.728

15.7

FY20151H

FY20161H

（Billion yen）


▲1.1

Forex Effect

Demand/Trading Volume Others


Demand/Trading VolumeRenewable energy +2.5Automotive machinery ▲2.7Petroleum Products ▲1.3

＜Machinery, Energy & Project Division＞

7.8


Amortization

▲2.329

+0.2

10.1 ▲2.2

+0.8

（Billion yen）

FY20151H

FY20161H


OtherAllowance for Doubtful

Receivable in Venezuela +0.1

Markets/Prices

▲3.0

Forex Effect

+6.6

Fiscal PeriodAlignment

OthersForex EffectForex translation effect ▲1.0Offsetting forex losses ▲2.0

OthersLoss on valuation of inventories in pervious year

+6.2

＜Chemicals & Electronics Division＞

Fiscal Period AlignmentAlignment of Elematec infiscal period ▲0.3

Demand/Trading VolumeElectronic subsidiaries ▲2.6Toyotsu Chemiplas Corp. etc. +1.2

Demand/Trading Volume

+3.8


Amortization

+5.430

▲0.3▲0.3▲1.4

11.2

16.6

（Billion yen）

FY20151H

FY20161H


▲2.6

Forex EffectDemand/

Trading Volume Others

Forex EffectForex translation effect ▲0.3Offsetting forex losses +0.5

OthersM&A-related expenses in pervious year +0.4

＜ Food & Consumer Services Division ＞

Markets/Prices

+0.2


Amortization

4.4

+0.3

4.1

31

+2.0

+0.3

+0.4

（Billion yen）

FY20151H

FY20161H


Demand/Trading Volumedecrease in trading volume ofgrain handled overseas

CFAO Financial Results （Net Income）

Business CategoryFY 2015 FY 2016 1 Half

Change１Q ２Q 1 Half １Q ２Q 1 Half

Equipment&

services

Automotive,Equipment &

Services846.4 837.4 ▲9.0

Technologies 32.9 39.0 6.1

Sub-total 437.0 442.4 879.4 417.3 459.0 876.3 ▲3.1

Healthcare Healthcare 323.4 305.0 628.5 321.0 316.7 637.7 9.2

ConsumerGoods

Beverages 110.2 104.1 ▲6.1

Food, Hygiene & Convenience 58.1 38.7 ▲19.4

Retail 0.0 17.2 17.2

Sub-total 84.6 83.8 168.3 83.6 76.6 160.2 ▲8.1

Total 845.0 831.2 1,676.2 822.0 852.2 1,674.2 ▲2.0

32

（Million euros）

33

CFAO Results (Operating Income & Net Income)

Business 2015 1H 2016 1H YoY Reasons for YoY Change

Equipment&

services60.4 55.6 -4.8

Maghreb

• Market contraction & import regulations (Algeria)

• Terminate of Isuzu distribution• Reduced product competitiveness of GM cars

West Africa

• Mixed results – strong countries / weak countries (mainly resource producing countries)

• Reduced profitability due to continuous strong yen

EastAfrica

• Weaker economies• VW sales trended downward

Over-

seas • Strength in Vietnam

Healthcare 48.7 49.5 +0.8

Consumergoods 26.4 8.2 -18.2

• Beer business (intensified competition in Congo, increase in new plant construction costs in Ivory Coast)

• Retail business (new store opening costs)

Holding -15.7 -13.3 +2.4

Operating income 119.9 100.0 -19.9

(Million euros)

Net income 43.1 36.9 -6.2

Solar and wind power business(Eurus)

Progress of Investment Plan

Mobility Develop dealer network（CFAO, etc.） Production-related facilities

in North America

Resources &Environment

Investment through the First Half of FY2016

Main Projects Amount

Cash generated by asset sales, etc.

Cash used for investment

計 615Life & Community

Pharmaceutical retail business（CFAO）

34

（Billion yen）

１Q ▲12.9２Q ▲11.8

▲24.7

１Q ▲5.1２Q ▲10.4

▲15.5

１Q ▲4.3２Q ▲4.9

▲9.2

▲49.4

9.0

▲40.4

Metal

Global Parts & Logistics

Automotive

Machinery, Energy & Project

Chemicals & Electronics

Food & Consumer

▲10%▲14.0

Revision of forecast for the Fiscal Year Ending March 2017 (Operating Income)

＜Main reasons for downward revision in operatingincome ＞

Segments Change Main factors

Metal ▲6.5 Forex effect / Lower market value of the Nonferrous metals business

Global Parts & Logistics ▲2.5 Forex effect

Automotive ▲5.0 Market down turn emerging nations

Machinery, Energy & Project

▲4.0 decrease in trading volume of automotivemachinery

Chemicals & Electronics 0 As Original plan

Food & ConsumerServices

▲1.0 Due to down turn of beverage business

40.0

20.0

26.0

23.0

10.0

144.0

35.0

FY2016Original Plan

FY2016Revision of Plan

Original Plan Ratio

35

130.0

33.5

17.5

21.0

19.0

35.0

9.0

（Billion yen）

4. Another Supplementary Materials

36

※Transaction with total of 173 countries others than above.

TTC business operations～Automotive Production related～

37

Mobility

Blanking and coiling centers：29

Molten aluminum facilities ：17Green metal sites ：23

England

France

Poland

Czech Republic

Turkey

India

Malaysia

South Africa

Thailand

Indonesia

Australia

Ｃｈｉｎａ

NorthAmerica

Mexico

Canada

Brazil

1

111

1 1

2

1

1

1

1 1

1 1

2 13 1

1 1

4 4 8

2 1 1

4 5 2

Europe 0.78M units※France, Czech

Republic, etc.

Africa 0.13M units※South Africa, etc. Oceania 1.26M units

※Thailand, Indonesia etc.

China/Taiwan1.19M units North America

1.92 M units※North America, Canada

Japan 3.18M units

Central and South America 0.33M Units※Brazil, Mexico etc.

South West Asia0.22M units

※India, Pakistan

※Number inside □ are actual results of Toyota production in year 2015

※0.2M units are product ion planned atnew Toyota Mexico factory from year 2019

Expand High efficiency operation world wide,through Toyota Motors production

Operate Automotive Production in 17 countries 69 sites

countries in operational presence (84）

※In addition to above, business contacts exist in 173 countries in total

Established regional headquarters worldwide to expand new markets and sales network

Caribbean(TTAI)

Oceania(TTSPH)

East Africa(TTEA)

West Africa(CFAO)

Middle East(TAME)

China(TTCC)

Japan(TTC)

Distributor（addition with dealer included ）

68 countries

Dealer 22 countries

South Africa(TTAF)

38

Mobility

Asia(TTAP)

Regional head quarters

Sub-regional management bases

TTC business operations ～Automotive sales related～

About NEXTY Electronics Corporation

・Semiconductors,Electronics components・Development of embedded software

・Planning and developing information technology infrastructure・ autonomous car・Telematics・ ITS

Toyota Tsusho

Investment ratio50.1%

Investment ratio57%

Corporatename NEXTY Electronics Corporation

Establishment April 1, 2017

Paid in Capital 5.611 billion yen

Head Offices Tokyo and Nagoya, Japan

RepresentativeDirector

Representative Director and ChairmanTakashi IshibashiRepresentative Director and PresidentAtsushi Aoki

Services and Products

・Semiconductors, Sales of electronicsproducts ・Development of embedded software・Development of own products etc.

Revenue approx. 460.0 billion yen

Number of employees Consolidated: approx. 2,000

Offices Domestic 11sites, Overseas 34 sites

New company nameNEXTY Electronics Corporation

TomenElectronics

Toyota TsushoElectronics

Toyota TsushoOverseas subsidiary

Device Division

TomenDevices(TSE) 1st Section

Elematic(TSE) 1st Section

Chemical and Electronics

Division

ICT SolutionSBU

Electronics DeviceSBU

39

Life & Community

Electronics business (approx.1trillion yen）

Electric Power Business

Project Country Year of Operation Capacity(MW) Investment

Ratio(％) Fuel

Oyster Creek U.S.A 1994 440 50.0 Natural Gas

Goreway CANADA 2009 875 50.0 Natural Gas

Shore U.S.A 2016 720 31.25 Natural Gas

St. Charles (under construction) U.S.A 2017 (Plans） 720 25.0 Natural Gas

Salem Harbor (under construction) U.S.A 2017（Plans） 700 12.5 Natural Gas

St. Joseph (under construction) U.S.A 2018（Plans） 700 20.0 Natural Gas

Total in North America 4,155

Philippine (Western Midanao, Southern Philippines, Sarangani) - Existing 260 －

Heavy oil / coal

Pakistan (Kohinoor, Gul Ahmed) - Existing 251 － Heavy oil

Thailand (Ratchaburi) - Existing 1,400 － Natural Gas

Total in Asia 1,911

Japan Asia / Oceania U.S.A. Europe Total

In Operation Wind Power 648 228 666 864 2,406

Solar Power 237 4 45 - 286

Under Construction

Wind Power 124 - - - 124

Solar Power 10 - 28 - 38

Total 1,019 232 739 864 2,854

North America / Asia electric power

Eurus Energy

40

© 2013

Inquiries:

Investor Relations Group

E-mail [email protected]

Tokyo Head Office

TEL +81-3-4306-8201

FAX +81-3-4306-8818

◆ This presentation contains “forward-looking statements” about the strategies and plans of Toyota Tsusho Corporation and its Groupcompanies that are not historical facts. These forward-looking statements are subject to a number of risks and uncertainties that couldcause the Group’s actual or implied operating environment, performance, results, financial position, etc. to differ materially from theinformation presented here, which is based on assumptions and beliefs in light of information currently available to the management atthe time of publication. The Group assumes no obligation to update or correct these forward-looking statements.

◆ This presentation is not intended to solicit, offer, sell or market securities, and should not be the sole basis for making investment andother decisions.

41

outline of consolidated results for the first half of ... · ･automobile sales 3.1 ......

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