For Individual Investors
To help enhance your understanding of the Toyota Tsusho Group, here we provide individual shareholders and investors with straightforward explanations of our strategies, financial results, and dividend policy.
Key Sustainability Issues (Materiality) and Priority Areas (Strategies) for the Toyota Tsusho Group
We aim to provide the kinds of value that only the Toyota Tsusho Group can provide, and become an indispensable presence for all stakeholders and wider society. To this end, we have set six key sustainability issues with the aim of achieving sustainable growth through tackling and solving societal issues. These six key sustainability issues include two top-priority issues relating to the building of foundations for corporate growth, and four top-priority issues relating to achieving corporate growth while simultaneously helping to solve societal issues. By aligning the Group’s priority areas (strategies) with the latter four top-priority issues, we are aiming to contribute to the solution of societal issues while also achieving sustainable growth.
The Group’s priority areas (strategies) aligned with the above four top-priority issues
- 1.Next Mobility Strategy
- 2.Renewable Energy Strategy
- 3.African Growth Strategy
- 4.Circular Economy Strategy
1.Next Mobility Strategy
In the Next Mobility business domain we are working with a sense of urgency to respond to new changes in the automotive environment in the fields of next-generation vehicles, next-generation services, and energy management, across the various stages of the lifecycles of automobiles. We are aiming, as a trailblazer of the Toyota Group, and as a trading company with strengths in the mobility field, to contribute to the creation of a safe and comfortable mobility society.
2.Renewable Energy Strategy
We are aiming to contribute to the transition to a carbon free society as the leading corporate group in Japan’s renewable energy business. In addition to a 60% stake in Eurus Energy Holdings Corporation, Japan’s largest wind power generation company, we are working to expand our portfolio of energy sources with geothermal, small hydro, biomass, and other energy projects; expand service areas in Africa, the Middle East, and elsewhere; and expand the range of energy services we provide, including electricity storage, transmission, and retail.
3.African Growth Strategy
In addition to our network covering all 54 countries in Africa in the automotive business, we are also involved in a wide variety of other businesses such as pharmaceuticals, household goods retailing, and electric power and infrastructure development, with a total workforce of approximately 22,000. Based on the philosophy “With Africa, For Africa”, we are aiming to contribute to the development of local communities and further strengthen and expand our operational base.
4.Circular Economy Strategy
Our recycling business involves collecting used products for reuse, putting the products and their constituent materials back into circulation. The Toyota Tsusho Group is working to create optimal resource recycling systems and reduce waste output as a general waste recycling company through the reuse and recycling of finite natural resources, including in our non-automotive recycling businesses.
The consolidated financial results for FY2020
Gross profit decreased 32.2 billion yen year on year to 607.6 billion yen, largely due to decreases in trading volume of automobile production–related products and automobile sales volume. Operating profit increased 2.7 billion yen year on year to 213.0 billion yen due mainly to a reduction in selling, general and administrative expenses, which offset lower gross profit. Profit attributable to owners of the parent decreased 0.9 billion yen year on year to 134.6 billion yen, largely due to the impact of a gain on sale of shares in an affiliate in the Machinery, Energy & Project Division recognized in the previous fiscal year, despite an improvement in share of profit (loss) of investments accounted for using the equity method.
We are forecasting full-year profit attributable to owners of the parent of 150.0 billion yen for the fiscal year ending March 31, 2022.
The Company's dividend policy is to endeavor to pay stable dividends on an ongoing basis and increase its dividend per share, targeting a consolidated dividend payout ratio of 25% or more.
For the fiscal year ended March 31, 2021, the Company plans to pay a year-end dividend of 62 yen per share. Including the previously paid interim dividend of 50 yen per share, dividends for the fiscal year ended March 31, 2021, will total 112 yen per share, an increase of 2 yen per share from the previous fiscal year.
For the fiscal year ending March 31, 2022, the Company plans to pay annual dividends of 120 yen per share, consisting of an interim dividend of 60 yen and a year-end dividend of 60 yen per share, assuming that it earns 150.0 billion yen of consolidated profit for the year (attributable to owners of the parent), in line with its current forecast.