FY rd Quarter Financial Results ended December 31, 2005

Transcription

1 FY25 3 rd Quarter Financial Results ended December 31, 25 February 2, 26

2 1/19 Overview of FY25 3 rd Quarter Financial Results Increase in in Sales for for 17.1% -Increase in in domestic and and overseas car car production for for Japanese auto manufacturers -Depreciated yen yen against US$ Increase in in Operating for for 36.3% -Production volume increase, currency exchange gain gain and and other factors covered increases in in labor costs, depreciation expenses, and and others Upward Revision of of FY25 Estimates

3 3 rd Quarter Financial Results 2/19 5/1-12 4/1-12 Increase Increase(%) Sales % Operating before Taxes % % Net % Foreign Exchange Rate Domestic Car Production (Toyota) Overseas Car Production for for Japanese OEM (Toyota) 116/$ 138/Euro 2.76 (.97 ) 2.71 (.99 ) 15/$ 136/Euro 2.61 (.92) 2.48 (.8 ) (Unit:Millions of Units) (+.5) +.23 (+.19) + 6 % (+5 %) + 9 % (+ 24 %)

4 3 rd Quarter: Geographical Segments by Company Location 3/19 *( ):Local Currency Base % Sales % 7.6 Operating % (+11.5%) % (+1.%) % (+28.8%) % ( -21.2% ) % (+9.6%) /12 日本 5/12 北中南米欧州豪亜 4/12 5/12 Japan The Americas Europe Asia & Oceania -4 Japan The Americas -3.5 Europe.9 Asia & Oceania

5 3 rd Quarter: 4/19 Changed in before Taxes (4/12->5/12) Currency Exchange Gain Cost Reduction 5/12 4/12 before Taxes Labor Cost -7.6 Product Mix -7. Depreciation Raw Material Expense Cost and others +4.7 Production Volume Increase Non-operating Increase before Taxes

6 FY25 Monthly Foreign Exchange Rate 5/19 Monthly Foreign Exchange Rate( /USD) (Unit:Yen) Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. 6/ /USD ( 134/EUR) /USD ( 134/EUR) /USD ( 138/EUR) / /USD ( 131/EUR) /USD ( 133/EUR) /USD ( 136/EUR) /USD ( 135/EUR) 14.3 ( /USD) 12 6/ /3 1 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

7 FY25 1 st 3 rd Quarter Financial Results 6/19 Sales Operating before Taxes Net 5/4-12 4/4-12 Increase Increase(%) 2, , % % % % Foreign Exchange Rate Domestic Car Production (Toyota) Overseas Car Production for for Japanese OEM (Toyota) 112/$ 137/Euro 7.95 (2.77) 7.93 (2.87) 19/$ 135/Euro 7.74 (2.72) 7.23 (2.37) (Unit:Millions of Units) (+.5) +.7 (+.5) +2.7 % (+1.8%) +9.7 % (+ 21.1%)

8 1 st -3 rd Quarter: Geographical Segments by Company Location 7/19 14 *( ):Local Currency Base % 1,67.3 1,512.2 Sales % Operating % (+1.%) % (+6.5%) % (+36.1%) % ( -25.4% ) % (+97.9%) /3 日本 6/3 北中南米欧州豪亜 1-3Q 1-3Q Japan The Americas Europe Asia & Oceania -1 5/3 6/3 1-3Q 1-3Q Japan The Americas -5.7 Europe.1 Asia & Oceania

9 1 st -3 rd Quarter: Changed in before Taxes (4/12->5/12) 8/ FY24 1~3Q before Taxes Labor Cost Product Mix Depreciation Raw Material Expense Cost and others Production Volume Increase Currency Exchange Gain Cost Reduction FY25 1~3Q before Taxes Non-operating Increase

10 FY25 Revised Estimate 9/19 6/3 Revised Estimate 6/3 Change from 6/3 5/9 <Reference> 5/3 Change from 5/3 Sales Operating before Taxes 3, , (+1.6%) +7.(+2.7%) +14.(+5.5%) 2, (+11.4%) (+22.5%) (+2.3%) Net (+6.7%) (+2.6%) Sales Operating Revised upward due to the good financial results in the 3rd quarter and increased domestic car production expectation. Revised upward due to the depreciated yen against US$ in the 3rd quarter, and production volume increase

11 FY25 Revised Estimate 1/19 Sales Operating before Taxes Net 6/3 Revised Estimate 5/3 Increase Increase(%) 3,12. 2, % % % % Sales Operating Increase from 5/3 due to increase in domestic and overseas car production for Japanese auto manufacturers, and a depreciated yen against US dollar in the 3 rd rd quarter. Increase from 5/3 due to production volume increase and cost reduction that cover increase in labor costs, depreciation expenses and raw material costs.

12 FY25: Geographical Segments by Company Location 11/19 14 *( ):Local Currency Base % 2,262. Sales % 26.5 Operating 2 1 2, % (+8.9%) % % (+8.2%) % (+29.1%) % ( -9.8% ) 23. (+66.9%) /3 日本 6/3 北中南米欧州豪亜 Revised Japan The Americas Europe Asia & Oceania -1 5/3 6/3 Revised Japan The Americas -8.8 Europe.5 Asia & Oceania

13 Geographical Segments by Company Location ~ Sales by Half Period ~ 12/19 8 1,65.6 1, ,18.8 Foreign Exchange Rate (Unit:Millions of Units) 4 1st Half 4 2nd Half 5 1st Half 5 2nd Half \19/$ \14/$ \19/$ \113/$ \133/Euro \136/Euro \134/Euro \137/Euro Domestic Car Production (TOYOTA) (1.8) (1.95) (1.8) (2.7) North America Car Production for Japanese Auto Manufacturers (TOYOTA) (.77) (.77) (.84) (.8) Overseas Car Production for Japanese Auto Manufacturers (TOYOTA) (1.57) (1.62) (1.88) (2.3) 日本 5 5 北中南米欧州豪亜 1 st Half 2 nd Half 1 st Half 2 nd Half Europe Japan The Americas Asia & Oceania

14 Geographical Segments by Company Location ~ Operating by Half Period ~ 13/ Production volume increase Good car production for Japanese auto manufacturers such as IMV Start-up of IMV Currency exchange loss -New additions to production line-up -Start-up of new plant in Arkansas Increase in parts cost purchased - Unfavorable product mix -Start-up of new plant in Czech Republic - Capacity expansion in Hungary -Start mass production in Czech Republic -Production increase in Hungary st Half 2 nd Half 1 st Half 2 nd Half Japan The Americas Europe Asia & Oceania

15 Capital Expenditures, Depreciation and R&D 14/19 6/3 1-3Q Estimate 1-3Q 5/3 1-3Q Change from PY Progress to 6/3 Estimate Japan % 82.6 % The Americas % 66.7 % Europe % 68.9 % Asia & Oceania % 76.6 % Capital Exp % 78.5 % Japan % 71.6 % The Americas % 73.6 % Europe % 7.7 % Asia & Oceania % 71.8 % Depreciation % 71.8 % R&D Expenditure (Ratio to Sales) (7.6%) 24. (7.8%) (8.5%) (8.5%) +1. % 73.2 %

16 Capital Expenditures 15/19 (%) Ratio to sales New Investment & and Capacity Expansion Maintenance & Renewal month irregular closing /3 3/3 4/3 5/3 6/3E

17 Capital Expenditures and Cash Flow 16/19 (Simplified Cash Flow) Net (exclude dividends)+depreciation > Capital Expenditures Capital Expenditures Depreciation Net /3 5/3 6/3E

18 Non-Consolidated Financial Results 17/19 Statements (Ratio to Sales ) Account 5/12 (3months) 4/12 (3months) (Unit:Billions of Yen, %, Thousand Cars) Change 6/3 Estimate Change Bil. Yen % 5/9 Revised Estimate Bil. Yen % Net Sales ( 1. ) ( 1. ) ( 1. ) 2,6. ( 1. ) 2, Cost of Sales ( 83.3 ) ( 84.8 ) SGA Expenses ( 6. ) 31.8 ( 5.7 ) Operating ( 1.7 ) 57. ( 9.5 ) ( 7.5 ) 151. ( 7.6 ) Non-Operating Extaordinary (Loss) Before Taxes ( 12.2 ) 64.7 ( 1.3 ) ( 8.9 ) ( 9. ) Net ( 7.9 ) 42.2 ( 6.7 ) ( 6.2 ) 124. ( 6.3 ) Domestic Car Production 2,76 2,61 1,87 1,96 Foreign Exchange Rate(US$) 116 Yen 15 Yen 11 Yen 111 Yen Foreign Exchange Rate(Euro) 138 Yen 136 Yen 135 Yen 136 Yen before Taxes Bil.Yen /3 3/3 4/3 5/3 6/3E Q First Half Changes in Before Taxes (4/12=>5/12) Positive Factors Negative Factors Production Volume Increase 19. Labor Cost Increase -5.7 Cost Reduction 9. Product Mix -4.4 Currency Exchange Gain 6.9 Depreciation -3.1 Non-Operating Increase 4. Raw Material Cost Increase -3.1 Expense and others -6.1 Sub Total 38.9 Sub Total Total Increase 16.5

19 Preconditions (Foreign Exchange Rate/Car Production) 18/19 First Half 3 Q 4 Q Second Half Full Year Prior Year Actual Actual Change Change Prior Year Actual Actual Change Change Prior Year Revised Revised Change Estimate Change Estimate Prior Year Change Estimate Estimate Revised Change Revised Estimate from Estimate PY PY Prior Year Estimate Estimate Revised Revised Change Estimate Estimate from from PY PY Foreign Exchange Rate(US$) ± ± Foreign Exchange Rate(Euro) ± ± Domestic Production % % % % (Unit:Millions of Units) % Toyota ±% % % % % North North America America Production Production for for Japanese Japanese Auto Auto Manufacturers Manufacturers % % % % % Toyota % %.4.4 ±% % % Overseas Overseas Production Production for for Japanese Japanese Auto Auto Manufacturers Manufacturers % +1% % % % % Toyota % +2% % % % %

20 Reorganization of Business Groups and Product Divisions 19/19 Ⅰ Ⅱ Ⅲ Ⅳ By effectively using DENSO's wide range of core technologies and expertise in automotive fields, strengthen our technology development capabilities and our competitiveness to develop products in response to the needs of our customers and society Starting from 26 Until 25 from 1999 Powertrain Control Systems Business Group Diesel Injection Product Division Engine Control Components Product Division System Control Components Product Division Electric Systems Business Group Engine Electrical Systems Product Division Safety & Driving Assist Product Division Electronic Systems Business Group Body Electronics Components Product Division Electronic Product Division Electronic Device Product Division Thermal Systems Business Group Air-Conditioning Product Division Cooling Systems & Components Product Division ITS Product Division (a part of the division) Powertrain Control Systems Business Group Fuel Injection Product Division Engine Control Components Product Division System Control Components Product Division Develop and manufacture gasoline and diesel engine management systems and components, enabling system development approaches Electric Systems Business Group Engine Electrical Systems Product Division EHV Components Product Division Aim for synergy between automotive electrical products and electric hybrid vehicle components Electronic Systems Business Group Electronic Product Division Electronic Device Product Division Aim for synergy in developing software and hardware for automotive electronic controls Thermal Systems Business Group Air-Conditioning Product Division Cooling Systems & Components Product Division Automotive heat exchange technologies including air conditioners and engine cooling components Information & Safety Systems Business Group Driving Assist & Safety Product Division Body Electronics Components Product Division ITS Product Division Promote system development from the viewpoint of driver assistance by incorporating the divisions that develop and manufacture ITS products, safety systems, and body electronics Ⅰ Ⅱ Ⅲ Ⅳ Ⅴ

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