Financial Results for Second Quarter of FY2010 (From April 1, 2009 to September 30, 2009) October 28, Hino Motors, Ltd.

Transcription

1 Financial Results for Second Quarter of FY2010 (From April 1, 2009 to September 30, 2009) October 28, 2009 Hino Motors, Ltd.

2 1. Sales Turnover

3 Japan s Truck and Bus Market Hino Registered Japan's Market FY2010 2Q ('09/4-9) FY2009 2Q ('08/4-9) (Units) Change Change (%) Heavy-duty trucks 3,067 6,393-3, % (share) ( 30.0% ) ( 30.3% ) (-0.3p) Medium-duty trucks 2,834 5,372-2, % (share) ( 37.1% ) ( 34.1% ) (+3.0p) Total havy- and mideum-duty trucks 5,901 11,765-5, % (share) ( 33.0% ) ( 31.9% ) (+1.1p) Light-duty trucks 3,708 6,088-2, % (share) ( 16.7% ) ( 15.7% ) (+1.0p) Buses 964 1, % (share) ( 27.7% ) ( 27.6% ) (+0.1p) Total 10,573 19,210-8, % Heavy-duty trucks 10,216 21,123-10, % Medium-duty trucks 7,641 15,732-8, % Total havy- and mideum-duty trucks 17,857 36,855-18, % Light-duty trucks 22,157 38,881-16, % Buses 3,475 4,918-1, % Total 43,489 80,654-37, %

4 Overseas Unit Sales FY2010 2Q ('09/4-9) FY2009 2Q ('08/4-9) (Units) Change Change (%) Asia 17,347 19,874-2, % Overseas Central and South America 4,337 5,680-1, % Oceania 2,701 3, % North America 1,600 2,753-1, % Europe/Africa 1,446 1, % Middle East 1,212 3,171-1, % Total 28,643 36,896-8, %

5 Japan Overseas Consolidated Unit Sales FY2010 2Q ('09/4-9) FY2009 2Q ('08/4-9) (Units) Change Change (%) Heavy-duty trucks 3,184 6,862-3, % Medium-duty trucks 2,839 5,471-2, % Total heavy- and medium-duty trucks 6,023 12,333-6, % Light-duty trucks 3,909 6,117-2, % Buses 995 1, % Total 10,927 19,827-8, % Asia 16,418 20,393-3, % Oceania 2,612 3, % Central and South America 2,499 5,816-3, % North America 1,389 2, % Europe/Africa 520 2,220-1, % Middle East 407 2,584-2, % Total 23,845 36,763-12, % Total 34,772 56,590-21, % KD parts (set) for Guangqi Hino

6 Toyota Brand Vehicles and Engines Toyota Brand Engines SUV (Units) Change Change (%) 22,051 59,870-37, % Loading Vehicles 16,257 25,435-9, % Total 38,308 85,305-46, % FY2010 2Q ('09/4-9) FY2009 2Q ('08/4-9) FY2009 2Q ('08/4-9) (Units) Change Change (%) Japan 3,786 10,440-6, % Overseas 6,693 6, % Total FY2010 2Q ('09/4-9) 10,479 16,479-6, %

7 2. Consolidated Financial Results

8 Consolidated Income (Loss) Statement Item FY2010 2Q ('09/4-9) FY2009 2Q ('08/4-9) (Billions of yen) Change Change (%) Net sales % -5.6% 1.3% -6.9p Operating income (loss) (22.0) Non-operating income (loss) (0.3) (1.1) 0.8 Equity income (loss) (3.4) (0.2) % 1.1% -7.7p Ordinary income (loss) (25.7) Extraordinary income % Extraordinary loss % -6.8% 1.3% -8.1p Net income (loss) before (26.8) taxes and minority interests -7.4% 0.5% -7.9p Net income (loss) (29.0)

9 Japan Overseas Toyota Consolidated Net Sales (Billions of yen) Products FY2010 2Q FY2009 2Q ('09/4-9) ('08/4-9) Change Change (%) Heavy-duty trucks % Medium-duty trucks % Total heavy- and medium-duty trucks % Light-duty trucks % Buses % Total % Vehicles % Parts for production Total % Total trucks and buses % Service parts % Others % Vehicles % Overseas unit supplier business % Others % Total % Total net sales %

10 Hino Domestic Suppliers Overseas Subsidiaries FY2010 2Q ('09/4-9) Operating Net sales income (loss) FY2009 2Q ('08/4-9) Operating Net sales income (loss) Net sales <-9.9%> <0.6%> <-46.8%> (Billions of yen) Change Operating income (loss) (25.7) <-4.3%> <3.2%> <-44.7%> 48.3 (2.1) <2.0%> <2.8%> <-18.0%> -40.5% Domestic Dealers (0.3) Consolidated T adjustment (171.7) 2.2 (273.2) ( 1.7) Total Consolidated Net Sales and Operating Income (Loss) by Segments <0.6%> <-0.2%> <-32.5%> <-5.6%> <1.3%> <-39.2%> (22.0) Note: Figures with < > indicate operating income (loss) margins. Percentages in Change column show change rate from the previous year.

11 Analysis of Consolidated Operating Income (Loss) Decrease in in operating income: billion billion ( ( billion billion to to billion) billion) Aggravating factors: Improvement: (Billions of yen) Decrease in unit sales Reduction of fixed costs (22.0) Cost improvement 13.6 FY2009 2Q Results ('08/4-'08/9) Environmental changes -9.1 Price improvement FY2010 2Q Results ('09/4-'09/9)

12 Operating income (Billions of yen) Consolidated Net Sales and Operating Income (Loss) Net sales (Billions of yen) 35 Net sales Operating income (3.2) FY2009 1Q 2Q (12.7) 3Q (15.0) 4Q (18.8) FY2010 1Q 2Q

13 Factors Changing Consolidated Ordinary Income (Loss) and Net Income (Loss) FY2010 2Q ('09/4-9) FY2009 2Q ('08/4-9) (Billions of yen) Change Operating income (loss) (22.0) Ordinary income (loss) (25.7) Net income (loss) before taxes and minority interests (26.8) Net income (loss) (29.0) Factors of net income (loss) (1) Decrease in operating income (2) Improvement of foreign exchange gain/loss ( ) +1.0 (3) Investment loss on equity method ( ) -3.2 (4) Gain on sales of investment securities ( ) -2.1 (5) Decrease of corporate tax, etc.( ) +2.4 (6) Minority interests +0.5 ( ), etc Difference: Change in net income (loss) -32.0

14 3. Sales Prospects for FY2010

15 Japan s Truck and Bus Market Hino Registered Japan's Market FY2010 Prospects ('09/4 - '10/3) FY2009 Results ('08/4 - '09/3) (Units) Change Change (%) Heavy-duty trucks 8,600 11,112-2, % (share) ( 30.7% ) ( 30.6% ) (+ 0.1p) Medium-duty trucks 7,400 9,333-1, % (share) ( 37.0% ) ( 35.1% ) (+ 1.9p) Total heavy- and medium-duty trucks 16,000 20,445-4, % (Share) ( 33.3% ) ( 32.5% ) (+ 0.8p) Light-duty trucks 10,000 11,441-1, % (share) ( 17.2% ) ( 16.3% ) (+ 0.9p) Buses 2,500 2, % (share) ( 29.4% ) ( 28.8% ) (+ 0.6p) Total 28,500 34,796-6, % Heavy-duty trucks 28,000 36,352-8, % Medium-duty trucks 20,000 26,612-6, % Total heavy- and medium-duty trucks 48,000 62,964-14, % Light-duty trucks 58,000 70,058-12, % Buses 8,500 10,096-1, % Total 114, ,118-28, %

16 Overseas Unit Sales Overesas FY2010 Prospects ('09/4 - '10/3) FY2009 Results ('08/4 - '09/3) (Units) Change Change (%) Asia 35,600 33,195 +2, % Central and South America 8,800 10,002-1, % Oceania 5,500 5, % Middle East 4,000 4, % North America 3,900 5,465-1, % Europe/Africa 3,200 3, % Total 61,000 62,765-1, %

17 Japan Overseas Consolidated Net Sales FY2010 Prospects ('09/4 - '10/3) FY2009 Results ('08/4 - '09/3) (Units) Change Change (%) Heavy-duty trucks 8,600 11,174-2, % Medium-duty trucks 7,400 9,242-1, % Total heavy- and medium- duty trucks 16,000 20,416-4, % Light-duty trucks 10,100 11,426-1, % Buses 2,500 2, % Subtotal 28,600 34,737-6, % Asia 33,830 35,262-1, % Central and South America 7,000 9,642-2, % Oceania 5,290 5, % North America 3,900 4,991-1, % Middle East 2,650 4,710-2, % Europe/Africa 1,930 3,727-1, % Subtotal 54,600 63,796-9, % Total Trucks and Buses 83,200 98,533-15, % KD parts (set) for Guangqi Hino 1,200 +1,200 Toyota Brand Vehicles 113, ,271-7, %

18 4. Consolidated Financial Prospects for FY2010

19 Consolidated Income (Loss) Statement (Billions of yen) FY2010 FY2009 Item Prospects Results Change Change (%) ('09/4 - '10/3) ('08/4 - '09/3) Net sales , % Operating income (loss) Ordinary income (loss) Net income (loss) before taxes and minority interests Net income (loss) -1.3% -1.8% 0.5p (12.0) (19.4) % -2.8% 0.8p (19.0) (30.4) % -3.3% 1.1p (20.6) (35.0) % -5.8% 3.2p (24.5) (61.8) +37.3

20 Consolidated Net Sales / Operating Income (Loss) by Segments Hino Suppliers Overseas Dealers Consolidated adjustment Total FY2010 Prospects ('09/4 - '10/3) Operating Net sales income (loss) FY2009 Results ('08/4 - '09/3) Operating Net sales income (loss) Net sales (Billions of yen) Change Operating income (loss) <-2.4%> <-4.0%> -10.4% (17.0) (30.8) <-0.9%> <0.5%> -25.6% (1.0) <2.1%> <2.5%> -2.7% -16.4% <0.6%> <-0.2%> -20.8% (0.6) (390.0) (1.5) <-1.3%> <-1.8%> -11.2% (12.0) 1,069.5 (19.4) Note: Figures with < > indicate operating income (loss) margins. Percentages in Change column show change rate from the previous year.

21 Analysis of Consolidated Operating Loss Decrease in in operating loss: loss: billion billion ( ( billion billionto to billion) billion) Aggravating factors: Improving factors: (Billions of yen) FY2009 results ('08/4 - '09/3) FY2010 prospects ('09/4 - '10/3) (19.4) Reduction in unit sales Cost improvement Reduction in fixed costs (12.0) Price improvement Environmental change

22 Factors Changing Consolidated Ordinary Loss and Net Loss FY2010 Prospects ('09/4 - '10/3) FY2009 Results ('08/4 - '09/3) (Billions of yen) Change Operating loss (12.0) (19.4) +7.4 Ordinary loss (19.0) (30.4) Net loss before taxes and minority interests (20.6) (35.0) Net loss (24.5) (61.8) Factors of net loss (1) Increase of operating income +7.4 (2) Improvement of foreign exchange gain/loss +7.0 (3) Decrease of corporate tax, etc (4) Others -0.5 Difference: Change in net loss +37.3

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