Briefing on Business Results for FY Mar 2016 and Management Strategy. 27 May 2016 MITSUBA Corporation

Transcription

1 Briefing on Business Results for FY Mar 2016 and Management Strategy 27 May 2016 MITSUBA Corporation

2 2/15 Overview of Business Activities 1. Industry trends 2. Results for 3. Forecast for FY03/ The 10th Mid-term Management Plan

3 3/15 Points of Business Results for FY 03/2016 Both consolidated sales and operating income reached record highs. Sales Consolidated Sales and Operating Income Sales Operating income Operating Income th Mid-term Management Plan FY03/2014 FY03/2015 FY03/2017(Forecast)

4 1. Industry Trends (1) Production Volume Forecast for Automobiles Unit: million cars Growth is slowing, despite a projection to exceed 100 million cars in / Japan The Americas Europe Asia China Others

5 1. Industry Trends (2) Production Volume Forecast for Motorcycles Growth rate is slowing in ASEAN, despite a projection to exceed 60 million motorcycles in /15 Unit: million m/c China ASEAN India Brazil Others

6 6/15 2. Results for (1) Consolidated Operating Results for Consolidated FY03/2015 (A) (B) Change (B)-(A) Rate of change (B)/(A) FY 03/2017 Forecast Net sales % Operating income % 21.0 Ordinary income % 21.0 Profit attributable to owners of parent Outline Ordinary income Profit attributable to owners of parent % 8.0 Non-operating income JPY 2.6 (Interest income and dividend income JPY 0.9 Equity in income of affiliates JPY 0.7) Non-operating expenses JPY 5.9 (Interest expenses JPY 1.3 Foreign exchange losses JPY 3.7) Extraordinary gain JPY 0.1 Extraordinary loss JPY 2.0 (Loss on retirement of noncurrent assets JPY 0.7) Income taxes JPY 7.0 Profit attributable to non-controlling interests JPY 2.2

7 7/15 Sales Composition (by Car Maker Group) for Sales to Honda Motor Group grew by 11%. FY03/ % 4.1% 5.6% 21.1% 16.4% 48.9% % 3.8% 5.8% 21.0% 16.4% 49.6% FY03/2015 Honda Renault/Nissan Group Fuji Heavy Industries VW/Audi Gr. Toyota Group Others The data above is different from that of the transportation equipment-related segment disclosed in the earnings briefing. Includes non-consolidated companies.

8 8/15 Sales Composition (by Business) for Sales of the First Business (Field-of-vision system) exceeded JPY 100 billion for the first time. FY03/ % 32.0% % 24.5% % 32.9% % 24.2% FY03/2015 First Business (Field-of-vision system) Second Business (Convenience and comfort system) Third Business (Empowering system) Fourth Business (Motorcycle) Fifth Business (Others) The data above is different from that of the transportation equipment-related segment disclosed in the earnings briefing. Includes non-consolidated companies.

9 9/15 (2) Factor Analysis of Changes in Consolidated Ordinary Income for FY03/2015 (Actual) 25.2 Changes in Cost-cutting sales/sales composition, measures etc Effects of exchange rate fluctuations +2.1 US dollar JPY JPY Euro JPY JPY Renminbi JPY JPY Brazilian Real JPY JPY Increases in labor costs and expenses, etc. 8.8 Others 6.4 (actual) 19.6 Recording loss from difference in exchange rates between foreign currency asset evaluation and payment receipts JPY 7.1 Others JPY0.7 (of which equity in earnings of affiliates JPY0.4) 5.6

10 10/15 (3) Non-Consolidated Operating Results for Non- Consolidated FY03/2015 (A) (B) Change (B)-(A) Rate of change (B)/(A) FY 03/2017 Forecast Net sales % Operating income % 2.5 Ordinary income % 7.0 Profit % 2.0 Outline Ordinary income Profit JPY in Bln Non-operating income JPY 6.3 (Dividend income JPY 5.2) Non-operating expenses JPY 2.9 (Interest expenses JPY 1.0, Foreign exchange losses JPY 1.5) Extraordinary gain JPY0.06 Extraordinary loss JPY 1.8(Retirement of noncurrent assets JPY 0.6) Income taxes JPY 1.9

11 3. Forecast for FY03/2017 Effect of Foreign Exchange Rate on Operating Income (Actual exchange rate for yen) Actual (A) FY03/2017 (Assumed exchange rate for yen) FY03/2017 Forecast (B) Foreign exchange sensitivity (JPY mln per year) US Dollar Euro Renminbi Change (B)-(A) Capital Expenditures Depreciation Development Cost /15 JPY Mln Real exchange rates: The average exchange rates in Japan (from April to March) and overseas (from January to December). Capital Expenditures, Depreciation and Development Cost

12 12/15 3. Forecast for FY03/2017 The 10th Mid-term Management Plan Targets forecast to be achieved (Net sales: JPY 320 Billion) Sales Sales (10th Mid-term Management Plan) Sales (Actual&Forecast) Effects of FX rates (USD, RMB) Slowdown of sales in Japan (e.g. effect of earthquake) Increased development costs Operating income (Actual&Forecast) FY03/2015 FY03/2017(Forecast) Operating Income

13 13/15 Sales Composition Forecast (by Car Maker Group) for FY03/2017 On a local currency basis, sales to the Honda Group increased approx 4%. 3.8% 3.5% 5.8% 21.0% 16.4% 49.6% FY03/ % 3.5% 6.3% 21.2% 16.0% 49.3% FY03/2017 Honda Renault/Nissan Group Fuji Heavy Industries Toyota Group VW/Audi Group Others The data above is different from that of the transportation equipment-related segment disclosed in the earnings briefing. Includes non-consolidated companies.

14 14/15 Sales Composition Forecast (by Business) for FY03/2017 On a local currency basis, sales of all businesses increased approx 3%. 18.8% 32.9% % 24.2% FY03/ % 33.3% % 24.2% First Business (Field-of-vision system) Second Business (Convenience and comfort system) Third Business (Empowering system) Fourth Business (Motorcycle) FY03/2017 Fifth Business (Others) The data above is different from that of the transportation equipment-related segment disclosed in the earnings briefing. Includes non-consolidated companies.

15 15/15 4. The 10th Mid-term Management Plan From a global start to a new stage Create a new market Meet the needs for safety and security Individual growth and global communication

16 End of Presentation