Financial Results for Second Quarter of FY2017

Transcription

1 IR Financial Results for Second Quarter of FY2017 (From April 1, 2016 to September 30, 2016) October 27, 2016 Hino Motors, Ltd.

2 1. Sales Turnover IR 2/17

3 Global Unit Sales (Retail Sales) IR 3/17 Global unit sales achieved a record high for the first half thanks to sales growth in Japan. Record high for a first half 79,419 +2,365 units (+3.0%) 81,784 (Units) 27,681 Japan +2,312 units (+8.4%) 29,993 Japan 28,503 30,168 Asia Overseas 7,105 6,491 2,936 3,097 2, ,738 51, units (+0.1%) 7,061 6,514 2,949 2,631 2, /4-9 16/4-9 Central and South America North America Oceania Middle East Africa Europe

4 Truck and Bus Market in Japan IR 4/17 Truck market: Cargo trucks performed favorably, sales grew from last year. Hino s sales: Sales grew with a rate exceeding the market growth rate, mainly driven by light-duty truck. Total demand +6,490 units (+6.9%) Hino's sales (Retail) [Share] +2,312 units (+8.4%) (Units) 93,452 99,942 27, % 29, % Heavy- and medium-duty 42,312 45,781 15, % 16, % Heavy- and medium-duty Light-duty Bus 46,667 4,473 48,706 5,455 11, % 1, % 11, % 1, % 15/4-9 16/4-9 15/4-9 16/4-9 Light-duty Bus

5 Sales Volumes in Thailand and Indonesia (Retail Sales) IR 5/17 Thailand: Sales volume increased from the previous year due to the growth of demand for construction, but the recovery is still not full-scale. Indonesia: The market remains sluggish, but sales volume for a half-year increased year on year for the first time since the second half of FY2014. Thailand Indonesia (Units) +319 units (+6.1%) +616 units (+6.0%) 10,216 10,832 5,251 5,570 15/4-9 16/4-9 15/4-9 16/4-9

6 Consolidated Sales of Toyota Brand Vehicles and Unit IR 6/17 Vehicles: Sales of vehicles decreased for both SUV and loading vehicles. Unit: Unit sales increased thanks to the favorable market of pickup trucks in the U.S. Vehicles (Units) Unit (in Thailand and the U.S.) (Units) -6,184 units (-8.0%) +13,763 (+3.8%) Loading Vehicles 77,305 14,961 71,121 14, , ,168 SUV 62,344 56,742 15/4-9 16/4-9 15/4-9 16/4-9

7 IR 7/17 2. Consolidated Financial Results

8 Consolidated Income Statements IR 8/17 Record high for a first half Item FY2017 1st Half ('16/4-9) FY2016 1st Half ('15/4-9) Change (Billions of yen) Change (%) Net sales <-2.2p> Operating income <-2.1p> Ordinary income Profit attributable <4.1%> <4.0%> <2.8%> <6.3%> <6.1%> <4.3%> <-1.5p> to owners of parent Note: Figures in parentheses (<>) indicate income margin. <Exchange rate> US$ THB IDR(100) A$ % -39.3% -38.3% -39.3%

9 Analysis of Consolidated Income Statements IR 9/17 Income dropped due to the yen appreciation, effects of sales by the decrease in sales for overseas and decrease in Toyota brand vehicles. Profit attributable to owners of parent: billion ( 37.2 billion 22.6 billion) Operating income: billion ( 54.2 billion 32.9 billion) (Billions of yen) Effects of sales Environmental change Improvement in cost of sales Change in cost structure, etc Non-operating Income taxes 37.2 (4.2) (14.1) 7.2 (10.2) Foreign exchange losses +1.2 Income taxes +6.6 Profit for non-controlling interests, etc Foreign exchange Materials FY2016 1H Results ('15/4-9) FY2017 1H Results ('16/4-9)

10 Consolidated Operating Income by Segments IR 10/17 Japan: Sales and income declined due to the yen appreciation and the drop in shipment to overseas and drop in Toyota brand vehicles. Asia: Sales dropped considerably, but income grew thanks to profitability improvement efforts in Thailand and Indonesia, etc. Record high for a half-year period Record high for a first half Net sales (Billions of yen) Change Operating income <2.8%> <5.8%> -2.7% -53.2% Japan <5.2%> <3.6%> -17.6% +18.8% Asia Other Areas FY2017 1st Half ('16/4-9) Net sales Operating income FY2016 1st Half ('15/4-9) Net sales Operating income <4.5%> <5.2%> -19.9% -30.7% Consolidated adjustment <4.1%> <6.3%> -6.9% -39.3% Total Note: Figures in parentheses (<>) indicate operating income margin. Percentages in the column "Change" indicate year-on-year change.

11 Trends in the Quarterly Consolidated Sales and Operating Income IR 11/ ( 億 Sales FY2016 FY Operating Income Previous FY 17.0 (Billions of yen) Current FY Q 2Q 3Q 4Q FY2016 FY2017 FY2016 FY2017 FY2016 FY2017 FY2016 FY2017 <Exchange rate> US$

12 IR 12/17 3. Sales Forecasts for FY2017

13 Global Unit Sales (Retail Sales) IR 13/17 Japan: Unit sales are progressing almost as announced on Apr. 27, and there are no significant changes. Overseas: Revised downwardly by 3,000 units, mainly in the U.S. and Middle East. FY2017 ('16/4-'17/3) Forecasts announced on October 27 FY2017 ('16/4-'17/3) Forecasts announced on April 27 (Thousand units) Change Change (%) FY2016 ('15/4-'16/3) Results (Thousand units) Change Change (%) Japan % % Overseas % % Total % % Toyota brand (*) *Including Dyna for Indonesia % %

14 IR 14/17 4. Consolidated Financial Forecasts for FY2017

15 Consolidated Income Statements IR 15/17 Considering recent demand and the effects of exchange rate, the estimated operating income announced on Apr. 27 has been revised downwardly to 60 billion yen. Item FY2017 ('16/4-'17/3) Forecasts announced on October 27 FY2017 ('16/4-'17/3) Forecasts announced on April 27 (Billions of yen) Change Change (%) FY2016 ('15/4-'16/3) Results (Billions of yen) Change Change (%) Net sales 1, , % 1, % <3.7%> <4.8%> <-1.1p> <5.6%> <-1.9p> Operating income % % <3.6%> <4.7%> <-1.1p> <5.5%> <-1.9p> Ordinary income % % Profit attributable <2.5%> <3.3%> <-0.8p> <3.7%> <-1.2p> to owners of parent % % Note: Figures in parentheses (<>) indicate income margin. <Exchange rate> 下期レート Second half FY2016 US$ THB IDR(100) A$

16 Analysis of Consolidated Operating Income (Comparison with forecasts announced on April 27) IR 16/17 Decrease in operating income: billion ( 80.0 billion 60.0 billion) (Billions of yen) Effects of sales Environmental change Improvement in cost of sales Change in cost structure, etc (7.0) (8.0) (1.0) (4.0) 80.0 Foreign exchange Materials FY2017 ('16/4-'17/3) Forecasts announced on April 27 FY2017 ('16/4-'17/3) Forecasts announced on October 27

17 Analysis of Consolidated Operating Income (Year-on-year comparison) IR 17/17 Decrease in operating income: billion ( 98.3 billion 60.0 billion) (Billions of yen) Effects of sales Environmental change Improvement in cost of sales Change in cost structure, etc (1.0) (35.0) 19.0 (21.3) 98.3 Foreign exchange Materials FY2016 ('15/4-'16/3) Results FY2017 ('16/4-'17/3) Forecasts announced on October 27

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