FY rd Quarter Financial Results

Transcription

1 FY218 3 rd Quarter Financial Results

2 FY218 Financial Results Forecast for the FY218 2

3 FY218 Financial Results 3

4 Key Highlights for Q3, FY218 (consolidated-basis) 1. While affected by customer s production cut, sales revenue increased year-on-year due to the impact of weaker yen exchange rates. 2. Operating income decreased mainly as a result of production reduction by customer. 4

5 Operating profit 営 2 業利益 ( 億円 ) Summary of Q3, FY Transition in business results Net sales Operating profit , FY216, FY217 (A), FY218 (B) (B) - (A) Net sales Operating profit Ordinary profit Net income attributable to owners of parent Operating income down by 3.8 billion yen due to decreased production While affected by customer s production cut, sales revenue increased year-on-year by 1.8 billion yen due to the impact of weaker yen exchange rates 売上高 ( 億円 ) Net Sales (billion yen ) 5

6 Consolidated Sales by Product Group, FY217, FY218 Sales % Sales % Variance Variance % Car body press products Transmission products Plastic products % % % % % % % % % Other 1.7.7% % % Total % % +1.8 No significant change to the composition ratio. 6

7 Consolidated Sales by Customer, FY217, FY218 Variance Sales % Sales % Nissan Motor-related products Sub-total % % +.3% Dongfeng Motor Company Ltd % % +2.6% Nissan Motor % % -2.1% JATCO (Incl. overseas operations) % % -.4% Nissan North America % % -.9% Nissan Mexicana % % -.7% Nissan Europe % % +.5% NISSAN SHATAI. 4.1% % +.5% Calsonic Kansei (Incl. overseas operations) % % -.1% Renault Nissan India 2.2.9% % +.1% Nissan Thailand 1.6.7% 1.9.8% +.1% Zhengzhou Nissan.5.2%.9.4% +.2% Nissan Indonesia.2.1%.4.2% +.1% Ratio of Dongfeng Motor Company Ltd. rose by 2.6%. 7

8 Consolidated Sales by Customer, FY217, FY218 Sales % Sales % Variance Other customers Sub-total % % -.3% Incl.) Honda Honda of America Mfg., Inc % % -.1% Honda of The U.K. Manufacturing Ltd % % +.3% Honda Motor Co., Ltd % 2.2.9% -.3% Honda De Mexico, S.A. De C.V % 1.8.7% -.3% P.T. Honda Prospect Motor 1.8.7% 1.5.6% -.1% Renault Renault S.A.S % % -.3% Dongfeng Renault Automotive Co., Ltd % % -.2% Mazda Mazda Motor Corporation 1.9.8% 1.9.8%.% Mazda Motor Manufacturing de Mexico, S.A. de C.V. 1..4% 1..4%.% Dynax Corporation (Incl. overseas operations) 2.2.9% 2..8% -.1% AISIN AW CO., LTD. (Incl. overseas operations) 1.1.5% 2..8% +.3% SUBARU CORPORATION.9.4% 1.2.5% +.1% NSK-Warner K.K..3.1%.4.1%.% TOYOTA AUTO BODY CO.,LTD. (Incl. overseas operations).4.1%.3.1%.% SUZUKI MOTOR CORPORATION. (Incl. overseas operations).1.%.3.1% +.1% MITSUBISHI MOTORS CORPORATION.1.1%.2.1%.% Daihatsu Motor Co., Ltd..2.1%.2.1%.% UD Trucks Corporation.3.1%.2.1%.% Hino Motors, Ltd. (Incl. overseas operations).1.1%.2.1%.% Isuzu Motors Limited.1.%.1.1% +.1% Toyoda Iron Works Co.,Ltd..1.1%.1.% -.1% Ratio of AISIN AW CO., LTD. rose by.3%. 8

9 2 Operating Profit Variance Analysis Exchange gain or loss : FY217 Volume fluctuation & model mix etc. Depreciation and amortization SG&A Production reinforcement Initial cost for new car model parts Consolidation adjustment Others Cost saving FY218 9

10 Sales/Operating Profit by Region (Japan) Net sales Operating profit FY216 FY217 FY218 FY216 FY217 FY218 Sales dropped by 4.8% due to customers reduced production. Operating profit increased slightly as a result of cost reduction efforts and other factors.

11 Sales/Operating Profit by Region (The Americas) 12 Net sales 6 Operating profit FY216 FY217 FY218 FY216 FY217 Sales dropped by 4.8% due to customers reduced production and forex impact. Operating income dropped by 61.4% as a result of sales decrease. FY218 11

12 Sales/Operating profit by Region (Europe) 3 Net sales 1.5 Operating profit FY216 FY217 FY218 FY216 FY217 FY218 Sales increased by 4.1% due to the impact of exchange rate etc. Operating income decreased by.3 billion. 12

13 Sales/Operating Profit by Region (Asia) 8 Net sales 8 Operating profit FY216 FY217 FY218 FY216 Sales increased by 13.7% due to the effect from exchange rate etc. Operating income increased by.2 billion yen. FY217 FY218 13

14 4 3 Capital Investment Domestic 国内実績 business results Overseas 海外実績 business results Annual plan (3.) FY215 FY216 FY , FY 年度 216 年度 217 年度 218 年度

15 4 3 Depreciation and Amortization 減価償却費 Depreciation and amortization 設備投資 Capital investment Annual plan (3.) 2 Annual plan (19.) FY215 FY216 FY217, FY 年度 216 年度 217 年度 218 年度 Depreciation and amortization as well as capital investment progressed mostly as planned. 15

16 3 Cash Flows Cash 営業活動キャッシュ フロー flow from operating activities Cash 投資活動キャッシュ フロー flow from investing activities Free フリー キャッシュ フロー cash flow FY214 FY215 FY216 FY217 FY218 Zero free cash flow due to investments made for future including production foundation reinforcement. 16

17 Interest-bearing Debt & Net Interest-bearing Debt Balance 長期借入金短期借入金 Long-term loans payable Short-term loans payable Net interest-bearing debt balance Interest-bearing debt balance End-March, End-March, End-March, End-March, 218 End-December, 218 Interest-bearing debts increased by.6 billion yen compared with the end-march,

18 Forecast for the FY218 18

19 218 Consolidated Business Plan Highlights 1. Net sales forecast to decline mainly due to customers reduced production. 2. Operating profit forecast to decrease due to sales decline. 3. Large capital investment planned mainly for enhancing production capacity. 19

20 Operating profit 営業利益 ( 億円 ) 4 4 売 Net sales 3 2 Summary of Consolidated Business Plan for FY Financial performance FY216 FY217(A) FY218 Initial plan FY218 revised forecast (B) 3 2 上高 ( 億円 ) (B)-(A) Net sales Operating profit Ordinary profit Net income attributable to owners of parent Operating profit Net sales forecast to decline due to decreased production units from our major customer etc. Operating income to decrease due to the effect of lower sales. In comparison to the initial plan, net sales are forecast to increase slightly by the impact of exchange rate and operating profit is projected to be lower due to sharp reduction of production units from our major customer etc. Net sales 2

21 3 Forecast of Operating Profit Variance Analysis SG&A: FY217 Volume fluctuation & model mix etc. Depreciation and amortization Production reinforcement Initial cost for new car model parts Exchange gain or loss Consolidation adjustment Others Cost saving FY218 forecast 21

22 Sales/Operating Profit by Region (Japan) 15 Net sales 15 Operating profit FY216 FY217 FY218 Sales projected to decrease because of production cut by customer etc. Operating income projected to be lower. (revised Forecast forecast) FY216 FY217 FY218 (revised Forecast forecast) 22

23 Sales/Operating Profit by Region (the Americas) 15 Net sales Operating profit FY216 FY217 FY218 Forecast (revised forecast) FY216 FY217 FY218 Forecast (revised forecast) Sales projected to decrease because of production cut by customer etc. Operating income projected to be lower. 23

24 Sales/Operating Profit by Region (Europe) 5 Net Sales 3 Operating profit FY216 FY217 FY218 (revised forecast) FY216 FY217 FY218 (revised forecast) Slightly higher sales projected due to forex impact. Operating income projected to be lower. 24

25 Sales/Operating Profit by Region (Asia) Net Sales Operating profit FY216 FY217 FY218 (revised forecast) FY216 FY217 FY218 Sales projected to be higher as customer has increased its production. Operating income projected to be lower partly due to the expense incurred for sharp rise in production. 25 (revised forecast)

26 26

27 Exchange Rate Reference Average for the period, FY217, FY218 Annual plan term end (yen) Average for the period term end At first Full year US $ STG EURO MEX $ RMB INR THB IDR

28 Precautions for treatment of material The future outlook of the Company mentioned in this presentation material was prepared based on information available to the Company that point in time. This is absolutely an expectation about the future at this point in time, which contains risks and uncertain factors, and therefore, may vary widely from actual results. The main factors out of these uncertain factors include, but are not limited to, the following: Economic conditions of the main markets (Japan, Americas, Europe and Asia etc.), consumer trends, rapid fluctuations in supply and demand for products in connection with business conditions and strategies of our customers in the automobile industry etc. Impact on production costs of our products in connection with sharp price increases in oil and steel materials Large fluctuations in exchange rates Changes in interest rates in the money and capital markets 28