Consolidated Financial Results of 2 nd Quarter for the Year Ending March 31, 2019

Transcription

1 Consolidated Financial Results of 2 nd Quarter for the Year Ending March 31, 219 November 8, 218 Takashi Shimomura Corporate Officer Division General Manager, Finance Division 1/ Sanden Holdings Corporation

2 CONTENTS 1. Results of 2 nd Quarter for the Year Ending March 31, Forecast for the Year Ending March 31, 219 2/ Sanden Holdings Corporation

3 Agenda Item 1. Results of 2nd Quarter for the Year Ending March 31, 219 Summary of Consolidated Financial Results 16 Segment Results Summary of Consolidated Balance Sheet 3/ Sanden Holdings Corporation

4 Summary of Consolidated Financial Results 217/9 Result 218/9 Result (1 Millions of Yen) Change from previous fiscal year(%) Sales 1,415 1,375 (4) (2.8%) Income 18 1 (17) (95.7%) Ordinary Income/Loss 26 (5) (31) --- Net Income/Loss *1 24 (12) (36) Net Income: Profit of current term attributable to owners of parent Exchange USD 111 yen 11 yen (1 yen) Rate *2 EUR 126 yen 13 yen +4 yen 2. Exchange Rate: Average market rate 218 Sanden Holdings Corporation 4/16

5 Summary of consolidated financial results Forex Rate Change Impact in Sales 17/9 18/9 : +1 (1 Millions of Yen) 12 Sales: 1,375 (Change from previous fiscal year 2.8%) Automotive Commercial Store Others (1 Millions of Yen) 1,415 1,375 Sales Income/Loss (1 Millions of Yen) Negative Factors (17) Sanden Holdings Corporation 5/16 Income 18 17/9 Positive Factors Cost Reduction +7 Expenses, others (23) Market Price Negative Factors (42) (7) Sales/ Product Mix Productivity Raw Material Exchange Rate (7) (2) +3 7 R&D (6) 1 18/9

6 Segment Results (Automotive Systems) (1 Millions of Yen) Forex Rate Change Impact in Sales 17/9 18/9 : +9 1,13 1,2 Sales Sales: 1,2 (Change from previous fiscal year 1.1%) (1 Millions of Yen) Europe China & Asia Japan Americas % 4 (11%) % (13%) 218 Sanden Holdings Corporation 6/ Sales Units of compressors - 8.5M units 8.3M units Change from previous fiscal year 2% Income 17/9 +17 Positive factors Sales/ Product Mix Expenses, Others Income Negative factors 6 Negative factors 24 ± Productivity (22) Cost (2) +3 Market Exchange (6) Reduction 21 Price Raw Rate 21 R&D 15 Material (1 Millions of Yen) 18/9

7 Segment Results (Commercial Store Systems) (1 Millions of Yen) Forex Rate Change Impact in Sales 17/9 18/9 : +1 Sales: 1,2 (Change from previous fiscal year 8.8%) Europe China & Asia Japan (1 Millions of Yen) Americas Sales 15 1 (5%) 15 1 (6%) 3 2 Retail store systems Vending systems 1 +22% (18%) +2% 5 income (1 Millions of Yen) (11) 5 Income 5 17/9 +4 Expenses, Others Positive factors Cost Reduction ± Raw Material Negative factors 16 Negative factors 21 (13) Sales/ Product Mix (7) Productivity (1) Market Price (11) ± ± Exchange rate R&D (11) 18/9 218 Sanden Holdings Corporation 7/16

8 Summary of Consolidated Balance Sheet Assets Liabilities/Net Assets (1 Millions of Yen) 2,756 2, ,756 2, Cash and Deposits Accounts 73 (86 days) Receivable (99 days) 475 Inventory 514 (55 days) (69 days) 188 Others (12) Accounts Payable 518 Bank and 1,261 Other 1,36 loan (17) +99 1,163 Fixed 1,159 Assets (4) 45 Others Net Assets 465 (16%) (Capital Ratio) (15%) +1 (45) Exchange rate 218 Sanden Holdings Corporation 8/16 As of March 31, 218 As of September 3, 218 $1 = 16 JPY 1 = 131 JPY $1 = 114 JPY 1 = 132 JPY Receivable and Inventory Days : Calculated based on sales in the last 3 months As of March 31, 218 As of September 3, 218 * Capital ratio (%) = (Net assets - Minority interest)/total assets 1

9 CONTENTS 1. Results of 2 nd Quarter for the Year Ending March 31, Forecast for the Year Ending March 31, 219 9/ Sanden Holdings Corporation

10 Agenda items 2. Forecast for the Year Ending March 31, 219 Summary of Consolidated Earnings Forecast Segment Forecast 16 Capital Expenditure Forecast 1/ Sanden Holdings Corporation

11 Summary of Consolidated Earnings Forecast 218/3 Results 219/3 Previous Forecast 219/3 Revised Forecast Change from previous fiscal year(%) Sales 2,876 2,95 2,8 (76) (2.6%) Income (25) (45.1%) Ordinary Income (24) (54.7%) Net Income * (38) (88.3%) 1. Net Income: Profit of current term attributable to owners of parent (1 Millions of Yen) 218 Sanden Holdings Corporation 11/16 Exchange USD 111 yen 15 yen 11 yen (1 yen) Rate *2 EUR 13 yen 13 yen 13 yen ± yen 2. Exchange Rate: Average market rate

12 Summary of Consolidated Earnings Forecast Forex Rate Change Impact in Sales 17/9 18/9 : +17 (1 Millions of Yen) 24 Sales: 2,8 (Change from previous fiscal year 2.6%) (1 Millions of Yen) Automotive Commercial Store Others Sales ,876 2, income (1 Millions of Yen) Sanden Holdings Corporation 12/16 Income 55 18/3 Positive factors Cost Reduction +12 Operation Expenses, others (51) Market Price Negative factors 25 Negative factors 68 (9) Raw Material (7) Productivity (1) (1) Sales/ Product Mix Exchange Rate (15) 45 R&D 3 19/3

13 Segment Forecast (Automotive Systems) (1 Millions of Yen) Forex Rate Change Impact in Sales 17/9 18/9 : 16 2,89 2, Sales 1, Sales: 2, (Change from previous fiscal year 4.2%) (1 Millions of Yen) Europe China & Asia Japan Americas 1,2 1,2 1, % (6%) % 3 (18%) Sanden Holdings Corporation 13/ Income - Sales quantity of compressor M units 17.5M units (Change from previous fiscal year 1%) 66 Positive factors Cost Reduction +5 Expenses, Others (47) Market Price income Negative factors 36 Negative factors 68 (1) Sales/ Product Mix (8) Raw Material (3) Productivity (1) Exchange Rate 42 (1 Millions of Yen) (12) R&D 3

14 Segment Forecast (Commercial Store Systems) (1 Millions of Yen) Forex Rate Change Impact in Sales 17/9 18/9 : Sales Sales: 7 (Change from previous fiscal year +2.7%) Europe China & Asia Japan (2%) Retail store systems +3% Vending systems +2% 2 1 (1 Millions of Yen) Americas +17% Sanden Holdings Corporation 14/16 Income Positive factors +16 income Positive factors +4 Negative factors 9 (1 Millions of Yen) +4 (4) Sales/ Market +5 (4) Product Price (1) ± Productivity Mix Row Exchange (3) +7 Expenses, Material Rate Others R&D Cost Reduction

15 Capital Expenditure Forecast 18/9 Results:8 Europe 15 Japan 45 China & Asia 25 18/9 Results:9 18/9 Results:32 18/9 Total:55 Americas 15 Total 1 (1 Millions of Yen) 18/9 Results:6 218 Sanden Holdings Corporation 15/16

16 Cautionary Note Regarding Outlook Statements Forward-looking statements in this earnings release, such as forecast of results of operations, are based on the information currently available and the certain assumptions that we regard as reasonable. Therefore, actual results may differ materially from those contained in or suggested by any forward-looking statements. 16/16