FY nd Quarter Consolidated Financial Results

Transcription

1 FY219 2 nd Quarter Consolidated Financial Results October 31 st, 218 AISIN SEIKI Co., Ltd. The forecasts included in this document are based on information that the Company has obtained at the time of this disclosure and certain assumptions that the Company considers reasonable. The Company does not guarantee the predicted outcome of the forecasts. Actual results may differ significantly from the forecast due to a variety of factors, such as exchange rates and conditions of the global market.

2 Contents 1.Consolidated Operating Results (FY219 2 nd Quarter) 2.Consolidated Operating Forecast (FY months) P.2-8 P Reference Information P /25

3 1.Consolidated Operating Results (FY219 2 nd Quarter) 2/25

4 FY219 2 nd Quarter Overview of Financial Results 1. Revenue for FY219 2 nd quarter is the highest ever before, due to the increase of AT and Body parts sales. 2. Operating profit for FY219 2 nd quarter is also the highest ever before, due to the increase of sales and the cost structure improvement etc., in spite of the increase of fixed cost such as depreciation cost and R&D cost. 3. Regarding the annual forecast, profit is revised downward due to the revision of AT sales forecast etc. 3/25

5 Consolidated Operating Results (FY219 2 nd Quarter) FY218 2Q FY219 2Q Change FY219 2Q Results Rate to sales % Results Rate to sales % Amount % Disclosed forecast in July Rate to Revenue % Revenue 1, , Operating Profit Profit before income taxes Profit for the period * Pre-conditions EPS yen FX Rate Toyota production (1, Unit) yen yen USD 111 yen USD 11 yen -1 yen -.9 CNY 16.4 yen CNY 16.7 yen +.3yen AT sales (1, Unit) , yen - USD 17 yen CNY 16.7 yen * Profit for the period attributable to Owners of the parent

6 Sales by Customer(FY219 2 nd Quarter) FY218 2 nd Quarter Revenue Life & others 57.9 (3.1%) Other Auto Makers 73.1 (37.9%) FY219 2 nd Quarter Revenue (+139.3) Other Auto Makers 81. (4.6%) 1,855.1 Life & others 6.2 (3.%) 1,994.4 Toyota Group 1,94. (59.%) Toyota Group 1,124.2 (56.4%) Other Auto Makers sales breakdown FY218 2Q Chinese OEMs Total (+37.9) 81. FY219 2Q その他 HONDA +4.3 NISSAN -.5 Changan Automobile Guangzhou +4.9 Automobile GM +7. BMW -6.2 MITSUIBISHI VOLVO SUZUKI PSA VW&Audi /25

7 Segment Information (FY219 2 nd Quarter) 1,2 1, , ,88.3 Japan Revenue (+139.3) North America FY218 2Q FX Impact FY219 2Q Other factors Japan North America Europe China Asia & Others Total Europe China Asia & Others Japan (+ 15.2) North America FY218 2Q +.7 FY219 2Q FX Impact Other factors Japan North America ± Europe ±. +.7 China Asia & Others Elimination Total Europe China Asia & Others 6/25

8 Fluctuations for (FY219 2 nd Quarter) FY218 2Q / FY219 2Q Sales fluctuation Cost structure improvement Change of material price Depreciation Ordinary factors +13. billion yen Billion yen Fixed cost & others (Except non-ordinary factors) FX impact Non-ordinary factors +2.2 billion yen FY218 2Q FY219 2Q 7/25

9 Fluctuations for (FY219 2 nd Quarter) FY219 2Q(Forecast in July) / FY219 2Q(Result) Sales fluctuation Cost structure improvement Change of material price Depreciation Ordinary factors +.1 billion yen +3.2 Billion yen +4.2 Fixed cost & others 12.1 (Except non-ordinary factors) FX impact Non-ordinary factors +3.1 billion yen FY219 2Q (Forecast on July 31st) FY219 2Q 8/25

10 2.Consolidated Operating Forecast (FY months) 9/25

11 Consolidated Operating Forecast (FY months) FY218 FY219 Change FY219 Results Rate to Revenue % Forecast Rate to Revenue % Amount % Forecast in April Rate to sales % Revenue 3,98.9-4, , Profit before income taxes Profit for the period * EPS yen yen yen yen - Pre-conditions FX Rate Toyota production (1, Unit) USD 111 yen USD 11 yen -1 yen -.9 CNY 16.8 yen CNY 16.4 yen -.4 yen AT sales (1, Unit) 983 1, USD 15yen CNY 16.6 yen 887 1,5 * Profit for the period attributable to Owners of the parent 1/25

12 Forecast of Sales by Customer (FY months) Other Auto Makers 1,519.3 (38.9%) Other Auto Makers 1,6. (4.%) FY218 Revenue Life & others (3.1%) 3,98.9 FY219 Revenue (+ 91.1) Life & others 132. (3.3%) 4,. Toyota Group 2,267.1 (58.%) Toyota Group 2,268. (56.7%) Other Auto Makers sales breakdown 1,8 1,6 1,4 1,2 1, , FY218 Chinese OEMs Total (+29.6) ,6. FY219 Others HONDA +5.3 Changan Automobile NISSAN +2.8 BMW Guangzhou -.1 Automobile GM +3.5 SUZUKI MITSUBISHI +2.5 VOLVO PSA VW&Audi /25

13 2,6 2,353. 2,4 2,3.7 2,2 2, 1,8 1,6 1,4 1,2 1, Forecast of Segment Information (FY months) Japan Revenue (+91.1) (- 19.8) North America FY FY219 FX Impact Other factors Japan North America Europe China Asia & Others Total Europe China Asia & Others Japan North America FY FY219 FX Impact Other factors Japan North America ± Europe ±. +.2 China Asia & Others Elimination Total Europe China Asia & Others

14 Forecast of Fluctuations for (FY months) FY218 / FY Sales fluctuation +36. Cost structure improvement -7. Change of material price Depreciation Ordinary factors billion yen Fixed cost & others Billion yen (Except non-ordinary factors) -3.2 FX impact Non-ordinary factors - 3.2billion yen 234. FY218 FY219 (forecast) 13/25

15 Forecast of Fluctuations for (FY months) FY219(Forecast in April) / FY (Forecast in April) Sales fluctuation Change of material price Depreciation Ordinary factors billion yen Fixed cost & others -21. Billion yen (Except non-ordinary factors) +5.2 FX impact 234. Non-ordinary factors +5.2billion yen FY219 (Forecast on April 27th) FY219 (forecast) 14/25

16 3.Reference information 15/25

17 Capital Expenditure/Depreciation/ R&D Expenditure Capital Expenditure Depreciation R&D Expenditure (): Rate to sales Others ADS-G AW-G AISIN SEIKI-G (5.%) (4.7%) (4.7%) (5.%) FY216 FY217 FY218 FY219 FY216 FY217 FY218 FY219 FY216 FY217 FY218 FY219

18 17/25 Toyota car production (1, Unit) 4Q Toyota Domestic production Toyota Oversea production Toyota global production 3Q 2Q Q FY216 FY217 FY218 FY FY216 FY217 FY218 FY FY216 FY217 FY218 FY219

19 Sales Number AT sales MT sales 2 nd H (1, Unit) (1, Unit) 1, , FY216 FY217 FY218 FY219 Navigation System sales FY216 FY217 FY218 FY (1, Unit) (1, Unit) FY216 FY217 FY218 FY219 Navigation Soft sales /25 FY216 FY217 FY218 FY219

20 Foreign Currency Exchange Rate Foreign Exchange Rate (yen) Impacts on FY216 FY217 FY218 FY219 FY216 FY217 FY218 FY219 USD EUR THB * CNY * * Impacts of THB and CNY are per.1yen. Forex Impact on Operating profit per 1(or.1) yen EUR USD CNY THB Rate after Oct USD 11 EUR 13 THB 3.4 CNY /25

21 Financial Results of the Main Consolidated Companies Ⅰ AISIN SEIKI Group 2, 1,5 1, 5 4.7% 4.9% 4.4% 4.1% 1,53. 1, , ,76. 2 nd H st H FY216 FY217 FY218 FY AISIN AW Group 1,8 1, % 1, % 1, , % nd H 1 st H 1, % FY216 FY217 FY218 FY /25

22 Financial Results of the Main Consolidated Companies Ⅱ AISIN Takaoka Group % 4.5% % nd H % st H FY216 FY217 FY218 FY AISIN AI Group %.% % nd H % st H FY216 FY217 FY218 FY /25

23 Financial Results of the Main Consolidated Companies Ⅲ 22/25 ADVICS Group % 1.1% % % 2 nd H st H FY216 FY217 FY218 FY

24 Quarterly Performance Revenue (1, Unit) 1, , ,2. 1,3.2 1, Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY216 FY217 FY218 FY219 (Billion 12yen) 9 4.3% % % % % % % 6.9% % 5.8% % % 6.4% % % 6.% 4.% 2.% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY216 FY217 FY218 FY219.% 23/25

25 Half Yearly Performance 3, 2,4 1,8 1,2 6 Revenue (1, Unit) ,53.8 1, , , ,865. 1, , , st H 2nd H 1st H 2nd H 1st H 2nd H 1st H 2nd H FY216 FY217 FY218 FY % 7.2% 7.1% % 5.6% 5.8% % % 4.9% % 6 3.% 1st H 2nd H 1st H 2nd H 1st H 2nd H 1st H 2nd H FY216 FY217 FY218 FY219 2.% 24/25

26 Dividend per Share * The results before FY215 are based on JGAAP and the others are based on IFRS. Dividend (yen) FY214 FY215 FY216 FY217 FY218 FY219 Interim Year-end Total Dividend Payout Ratio 29.7% 34.7% 28.2% 28.1% 3.6% 33.1% Repurchase of Treasury Stock (billion yen) Total return Ratio(*) 29.7% 34.7% 28.2% 66.5% 74.5% - (*) Total return Ratio= (Cash dividend paid + repurchase of treasury Stock) / Profit for the period % 34.7% 28.2% 28.1% 3.6% 33.1% 35% 3% 25% % % % % % FY214 FY215 FY216 FY217 FY218 FY219 25/25