Toyota Tsusho Corp Ord

Good evening, everyone. Thank you for joining us at the Zoom webinar of Toyota Co., Ltd. while you were busy today. First of all, I would like to introduce the speakers of today's session. I'm Imai, CEO and Vice President of IMAI. I'm Iwamoto, CFO and Vice President of IMAI. I'm Tominaga, CSO.

Nice to meet you.

Now, I would like to ask the president and CFO to explain the results of the second half of March in 2026, the second half of March, and the forecast correction of the long-term performance. The entire time of the meeting is scheduled to be about 60 minutes. Before we start the Zoom webinar, I would like to ask everyone to say no. According to the explanation to be made from now on, there are cases where the future forecast based on the expectations at this time is mentioned, but these are all risks and uncertainties. Please note in advance that there may be cases where the actual results are different from the forecast. We will now begin the Zoom webinar.

President Imai, thank you very much. I'm Imai, the CEO. Thank you very much for joining us today in this busy time. Today, I would like to explain the results of the second quarter of March in 2026 as well as the forecast correction of the net profit. First of all, I will explain the overall summary from the beginning, and then I will explain the details from the beginning of the CFO. Then, I will explain the summary of the second half of the second quarter. First of all, with the increase in sales in the global market and the growth in sales in new countries, we have achieved the highest sales in the past with a profit of 1,869 billion yen and the second half of the year. Next, regarding the investment and cash flow, thanks to the large-scale purchase of紙機, a North American recycling company, and Radius Recycle, It was a cash flow of minus 23.65 billion yen. As a result, net DR is 0.47 times. Next, let's go to the right. According to the forecast for March of 2026, at the time of the announcement on April 28 of this fiscal year, the exchange rate was very hard to see. It was 135 yen, and the expected interest rate was 3.4 billion yen. This is the end of the paper period. I will review the Kawa Seio Act for 145 yen and adjust the tax revenue to 3.6 billion yen. Shitaiki mashite kore uke mashite hito kabu atari no haito kin ni tsukimashite mo kishino kouhyou no haito seiko 34% kinakuto shite nenkan hyaku juu en o haito seiko 34% no base de atarashii zeigo rieki no yosou ni isoi mashite nenkan hyaku juu roku en ni hyaku juu roku en ni a shoe say saseteいただきます下木につきましてもいろいろな環境変化が予想されており ますが堅実にしっかりと経営してまいりたいと思いますそれでは詳細の説明を cfo の岩本からさせていただきます はい3ページ名をおめくりください

As stated above, the US dollar is 146 yen and the yen price is 7 yen. The euro is 168 yen and the yen price is 2 yen. The total revenue of the second quarter is 5.414 billion yen. As you can see on the right, the loss of 7.4 billion yen to the river was 3,484 billion yen, and if we add these two together, we have increased by 4 billion yen. This is mainly due to the purchase of Radius. PLO is only available for two months, but it has been added to the circular economy for about 1.4 billion yen. Africa is about 1 billion yen. Digital solutions, the price of memory has also gone up, and here it is about 9 billion yen. The net profit is 5,859 billion yen, the operating profit is 2,611 billion yen, and the tax return is 1,869 billion yen. All of these are the highest-ranking second-quarter interest rates in the past. The tax return is 54.3% plus, but the effect of the exchange rate is minus 25, so if we exclude that, it is 79 billion plus. Next is page 4, Waterhole. In terms of operating profit, it has increased from 2,479 billion yen to 1,320 billion yen, which is 2,611 billion yen. It has been reduced to minus 27 billion yen by Kawase and reduced to 14 billion yen by Shikkyo. In terms of production, it has been increased to 11.4 billion yen. In terms of auto sales, it has been increased to 9.1 billion yen in Africa and 13.1 billion yen in other areas. and demand from the market. The other minuses are the cost of obtaining Radius, which I will explain later. On the 5th page, at the bottom of the business interests column, As described on the right, there is no percentage in the tax rate table, but the previous fiscal year was 26.9% and the previous fiscal year was 28.4%. The previous fiscal year was slightly lower, so it has increased a little. On the sixth page, we can see that the total loss was 1.5 billion yen per year, and the total loss was 0.5 billion yen per year. On the seventh page, we can see the comparison between the second quarter and the second quarter of each segment. Here, we can see that the Metapla has a negative 20%, the circular economy has a negative 6.8 billion yen, and Africa has a negative 6.7 billion yen. This shows that Africa has reversed the negative of the Metapla and the circular economy. The reason is as described on the right. The 8th page is the balance sheet. As stated in the balance sheet, the US dollar is 149 yen and the euro is 174 yen, which means that the inflow of the euro has increased. The total assets have increased by 69.52 billion yen and 6,378 billion yen. There are 1,000 billion yen in the balance sheet, and 2,500 billion yen in the radius. In addition to the stock market, the net total stock price has increased by 1.7 billion yen. In addition, the stock price has increased by about 6 billion yen. The self-sufficiency has increased by 2137 billion yen, but NetEase has also increased by 3 billion yen, since it has been able to make up for all of the RADiUS-borrowed funds. NetDR has been reduced by 0.5 billion yen. The 9-page cash flow shows that the sales cash flow of the second quarter is 14.4 billion yen, which is minus 20 billion yen in the previous quarter. However, due to the change in the solution process, the actual loan will be transferred to the temporary loan, which is 57.1 billion yen. In terms of Apple to Apple, the second quarter is about 20 billion yen, which is a good number. The total cash flow for the previous year was 636 million yen, but the actual net investment is 1.5 billion yen. The current year is 2365 million yen, and the actual net investment is 2,560 billion yen. As mentioned by the President earlier, there is a radius of 1,000 billion yen. In the 10th page, we can see how we used 2560 billion yen in nature value, social value, and core value. Even without the radius, I think it is well balanced. From the 11th page, I will briefly explain the situation of each head office. As you can see on the right side of the screen, the sales volume of METAL PLUS is less than 2.1 billion yen. There is a special interest rate of 2.1 billion yen, which is an ordinary interest rate, so the demand for the minus of the exchange rate has increased. Now, the Japanese stock price has dropped, which has a negative effect, but the production of North America and other countries has increased, which was actually the same as last year. The circular economy is minus 54, which is from 305 to 251. This is 43 minus in terms of the radius of acquisition. In terms of the actual business, the market price has dropped a little, but the electricity and other materials have been added, so if there are no special features, this is normal. As for the supply chain, it is in the position of ±3, but it is in the position of ±9. In fact, the movement of Goa and South America is very good, and it seems to be improving its logistics. In terms of mobility, there is a plus of 24. This is a big decrease in the amount of waste, but it is a plus in the areas of Goa, especially Sri Lanka, Cambodia, and Laos. In particular, Sri Lanka has returned from default, and the number of infected people has increased again, which means that demand is increasing in a sense. On the other hand, in the case of high-capacity cars, such as Georgia and Azerbaijan, which were originally our main battleground, the situation is a little worse now. In particular, cars imported from China, such as parallel imported cars and Chinese SUVs, have come to the market, and the situation is a little bad. On the net, Goa has bought them, which is a plus. The 15-page Green Inflation Headquarters has a plus of 5.6 billion yen. In particular, there is a plus of 37 billion yen for car maintenance related to the maintenance of vehicles. In the case of renewable energy, there is a minus of 25 billion yen due to bad weather conditions. As for Europe, There is a special profit, so there is a plus of 1% and it is a big plus of 56%. In the 16th page of the Digital Solution, plus 4, the actual content is related to the system, the ICT business, and the memory related to the front-end device, Samsung's memory. This is a very important point. Regarding the car electronics, the electronics for Nissan, Ford, etc. and the overall margin has dropped a little. The sales have increased, but it is now at minus 25%. The 17th page, Lifestyle, was recommended by the Director of the Ministry of Health and Welfare. There are two major businesses in Brazil, which are our domestic products and cotton oil, which were recommended by the Director of the Ministry of Health and Welfare. We are also starting to connect with Indian insurance companies, which are recommended by the Director of the Ministry of Health and Welfare. The last page, page 18, is about Africa, and it is recommended to increase it to 116% based on the operating profit. This headquarter only uses euros, so the exchange rate is plus 10%. West Africa, South Africa, and Southeast Africa, all of them have increased their demand, sales, and production, to plus 91%. Health care is also growing steadily, with a plus of 14%. In terms of consumers, the previous quarter's minus was reduced, with a plus. The infrastructure has recently launched, with a start-up, with a minus. On the 19th page, We have reviewed the exchange rate and raised it to 3.6 billion yen and 2 billion yen. The difference is that the exchange rate is 1.5 billion yen plus, and the radius is about 1.8 billion yen minus. The Trump administration has also increased it by 4 billion yen compared to the previous year. We believe that the business will grow by 6 billion yen. The contents of this segment are as described on page 20. On page 21, I put in a new slide. 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Thank you very much.