Financial Results for Third Quarter of FY2017

Transcription

1 IR Financial Results for Third Quarter of FY2017 (From April 1, 2016 to December 31, 2016) January 31, 2017 Hino Motors, Ltd. In 1991, Hino released a large-sized route bus mounted with HIMR*, a dieselelectricity hybrid system, for the first time in the world. Last year, it celebrated the 25 th anniversary of the release. (These photos show the current models of hybrid vehicles.) * Hybrid Inverter controlled Motor & Retarder system

2 1. Sales Turnover IR 2/19

3 Global Unit Sales (Retail Sales) IR 3/19 Global unit sales achieved a record high for the third quarter period. Third quarter (three months) Record high for a quarter (three months) Third quarter (nine months) Record high for the third quarter period (nine months) +2,864 units (+2.3%) (Units) Japan 44,693 15, units (+1.1%) Japan +346 units (+2.3%) 45,192 15, ,112 43,050 Japan +2,658 units (+6.2%) 126,976 45,708 Japan 45,608 47,710 Asia Asia Central and South America North America Oceania Middle East Africa Europe 17,105 3,556 3,903 1,395 1,554 1, Overseas 29,324 29, units (+0.5%) 17,542 4,471 3,920 1, / / ,661 10,394 4,331 4,651 4,307 1,110 Overseas 81,062 81, units (+0.3%) 11,532 10,434 4,326 3,522 3, / /4-12 Central and South America North America Oceania Middle East Africa Europe

4 Truck and Bus Market in Japan IR 4/19 Truck market: Cargo trucks performed favorably, sales grew from last year. Hino s sales: The sales of both trucks and buses increased from the previous year. Heavy- and medium-duty Light-duty Total demand 47,348 20,745 24,282 +4,420 units (+9.3%) Third quarter (three months) 51,768 23,201 25,847 Hino's sales (Retail) [Share] 15,369 15, % 30.4% 8, % 6, % +346 units (+2.3%) 8, % 6, % Total demand 140,800 63,057 70, ,910 units (+7.7%) Third quarter (nine months) 151,710 68,982 74,553 43, % 23, % 17, % +2,658 units (+6.2%) (Units) Hino's sales (Retail) [Share] 45, % 24, % 18, % Heavy- and medium-duty Light-duty Bus 2,321 2, % 6,794 8,175 15/ / / / / / % 2, % 2, % 15/ /4-12 Bus

5 15/ / / / / / / /4-12 Sales Volumes in Thailand and Indonesia (Retail Sales) IR 5/19 Thailand: As the demand for construction is robust, sales volume grew year on year for 4 consecutive quarters from the Fourth quarter of FY2016. Indonesia: As the demand for construction and mining increased, the market is gently recovering. Third quarter (three months) Third quarter (nine months) (Units) Thailand Indonesia Thailand Indonesia +209 units (+5.8%) +894 units (+15.4%) +528 units (+6.0%) +1,510 units (+9.4%) 17,520 5,794 6,688 8,857 9,385 16,010 3,606 3,815

6 Consolidated Sales of Toyota Brand Vehicles and Unit IR 6/19 Vehicles: Sales of vehicles decreased for both SUV and loading vehicles. Unit: The U.S. market remained healthy, but the sales volume declined in Thailand. Third quarter (three months) Third quarter (nine months) (Units) Vehicles Unit (in Thailand and the U.S.) Vehicles Unit (in Thailand and the U.S.) -5,178 units (-12.3%) -24,193 (-11.7%) 119,342-11,362 units (-9.5%) -10,430 (-1.8%) Loading Vehicles 42,037 7,081 36,859 6, , ,967 Loading Vehicles 22, ,980 20, , ,135 SUV 34,956 30,736 SUV 97,300 87,478 15/ / / / / / / /4-12

7 IR 7/19 2. Consolidated Financial Results

8 Consolidated Income Statements IR 8/19 (Billions of yen) Item FY2017 3Q ('16/4-12) FY2016 3Q ('15/4-12) Change Change (%) Net sales 1, , <4.2%> <-2.0p> Operating income <4.4%> <6.2%> <6.0%> <-1.6p> Ordinary income Profit attributable <2.9%> <4.3%> <-1.4p> to owners of parent % Note: Figures in parentheses (<>) indicate Record high for the third quarter period income margin. (nine months) <Exchange rate> US$ THB IDR(100) A$ % -37.9% -33.0%

9 Analysis of Consolidated Income Statements IR 9/19 Income dropped due to the yen appreciation and effects of sales by the decrease in sales to overseas and decrease in Toyota brand vehicles. Profit attributable to owners of parent: billion ( 55.9 billion 35.2 billion) Operating income: billion ( 81.3 billion 50.5 billion) (Billions of yen) Effects of sales Environmental change Improvement in cost of sales Change in cost structure, etc Non-operating Income taxes 55.9 (3.3) (20.8) 11.0 (17.7) Foreign exchange losses +3.3 Increase in equity in earnings of affiliates +0.4 Decrease in income taxes +7.4 Profit for non-controlling interests, etc Foreign exchange Materials FY2016 3Q Results ('15/4-12) FY2017 3Q Results ('16/4-12)

10 Consolidated Income Statements (Three Months) IR 10/19 (Billions of yen) Item FY2017 3Q ('16/10-12) FY2016 3Q ('15/10-12) Change Change (%) Net sales <-1.8p> Operating income <-1.0p> Ordinary income Profit attributable <4.3%> <6.1%> <5.0%> <6.0%> <3.1%> <4.2%> <-1.1p> to owners of parent Note: Figures in parentheses (<>) indicate income margin. -8.1% -35.0% -22.7% -32.3% <Exchange rate> US$ THB IDR(100) A$ 80 87

11 Analysis of Consolidated Income Statements (Three Months) IR 11/19 Profit attributable to owners of parent: -6.0 billion ( 18.6 billion 12.6 billion) Operating income: -9.5 billion ( 27.1 billion 17.6 billion) (Billions of yen) Effects of sales Environmental change Improvement in cost of sales Change in cost structure, etc Non-operating Income taxes (6.7) 3.8 (7.5) Foreign exchange losses +2.1 Increase in equity in earnings of affiliates +0.5 Income taxes Foreign exchange -7.7 Materials FY2016 3Q Results ('15/10-12) FY2017 3Q Results ('16/10-12)

12 Consolidated Operating Income by Segments IR 12/19 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. Net sales (Billions of yen) Operating income <2.9%> <5.6%> -2.9% -50.1% Japan , <5.6%> <4.0%> -18.4% +13.8% Asia Other Areas Net sales FY2017 3Q ('16/4-12) Operating income Net sales <4.2%> <4.8%> -16.4% -26.9% Consolidated adjustment <4.2%> <6.2%> -7.3% -37.9% Total 1, , Note: Figures in parentheses (<>) indicate operating income margin. Percentages in the column "Change" indicate year-on-year change. FY2016 3Q ('15/4-12) Operating income Change Record high for the third quarter period (nine months)

13 IR 13/19 Trends in the Quarterly Consolidated Sales and Operating Income ( 億 Sales FY2016 FY Operating Income Q 2Q 3Q 4Q (Billions of yen) Previous FY Current FY FY2016 FY2017 FY2016 FY2017 FY2016 FY2017 FY2016 FY2017 <Exchange rate> US$

14 IR 14/19 3. Sales Forecasts for FY2017

15 Global Unit Sales (Retail Sales) IR 15/19 Performance is generally progressing as announced on Oct. 27 both in Japan and overseas, and so there is no revision to the estimated unit sales. FY2017 ('16/4-'17/3) Forecasts FY2017 ('16/4-'17/3) Forecasts announced on October 27 (Thousand units) Change Change (%) FY2016 ('15/4-'16/3) Results (Thousand units) Change Change (%) Japan % Overseas % Total % Toyota brand (*) *Including Dyna for Indonesia %

16 IR 16/19 4. Consolidated Financial Forecasts for FY2017

17 Consolidated Income Statements IR 17/19 The assumed exchange rates have been revised, and the estimated operating income announced on Oct. 27 has been revised upwardly to 69.0 billion yen. (Billions of yen) (Billions of yen) Item FY2017 ('16/4-'17/3) Forecasts FY2017 ('16/4-'17/3) Forecasts announced on October 27 Change Change (%) FY2016 ('15/4-'16/3) Results Change Change (%) Net sales 1, , % 1, % <4.2%> <3.7%> <+0.5p> <5.6%> <-1.4p> Operating income % % <4.2%> <3.6%> <+0.6p> <5.5%> <-1.3p> Ordinary income % % Profit attributable <2.9%> <2.5%> <+0.4p> <3.7%> <-0.8p> to owners of parent % % Note: Figures in parentheses (<>) indicate income margin. FY2016 ('15/4-'16/3) <Exchange rate> ('16/4-12 results) ('17/1-3 plan) results US$ THB IDR(100) A$

18 Analysis of Consolidated Operating Income (Comparison with forecasts announced on October 27) IR 18/19 Increase in operating income: +9.0 billion ( 60.0 billion 69.0 billion) (Billions of yen) Effects of sales Environmental change Improvement in cost of sales Change in cost structure, etc 60.0 Foreign exchange FY2017 ('16/4-'17/3) Forecasts announced on October 27 FY2017 ('16/4-'17/3) Forecasts

19 Analysis of Consolidated Operating Income (Year-on-year comparison) IR 19/19 Decrease in operating income: billion ( 98.3 billion 69.0 billion) (Billions of yen) Effects of sales Environmental change Improvement in cost of sales Change in cost structure, etc (1.0) (26.0) 19.0 (21.3) 98.3 Foreign exchange Materials FY2016 ('15/4-'16/3) Results FY2017 ('16/4-'17/3) Forecasts

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