FY rd Quarter Consolidated Financial Results

Transcription

1 FY218 3 rd Quarter Consolidated Financial Results February 2 nd, 218 AISIN SEIKI Co., Ltd.

2 Contents 1.Consolidated Operating Results (FY218 3 rd Quarter) 2.Consolidated Operating Forecast (FY months) P.2-7 P Reference Information P

3 1.Consolidated Operating Results (FY218 3 rd Quarter) 2

4 FY218 3 rd Quarter Overview of Financial Results 1. Revenue increased compared to last year due to favorable AT and Body parts sales, and the contribution of newly consolidated Art Metal Mfg. Co., Ltd. group. 2. Operating profit increased due to the increase of sales and FX trend, in spite of the rise in material price, the increase of depreciation cost and extraordinary gain from stock swap with SHIROKI Corporation last year. 3. Regarding the annual forecast, revenue and profit are revised upward due to the favorable 3Q result and FX rate tendency. 3

5 Consolidated Operating Results (FY218 3 rd Quarter) Results FY217 3Q FY218 3Q Change Rate to Revenue % Results Rate to Revenue % Amount % Revenue 2,65.1-2, Profit before income taxes Profit for the period * EPS yen yen yen +5.8 Pre-conditions FX Rate Toyota production (1, Unit) USD 17 yen USD 112 yen +5 yen +4.7 CNY 16. yen CNY 16.7 yen +.7 yen AT sales (1, Unit) * Profit for the period attributable to Owners of the parent 4

6 Sales by Customer(FY218 3 rd Quarter) FY217 3 rd Quarter Revenue Other Auto Makers (36.2%) FY218 3 rd Quarter Revenue (+273.5) Other Auto Makers 1,114. (38.7%) Life & others 9.1 (3.5%) Life & others 86.8 (3.%) 2,65.1 2,878.6 Toyota Group 1,57.5 (6.3%) Toyota Group 1,677.7 (58.3%) 1,2 1, Other Auto Makers sales breakdown FY217 3Q Chinese OEMs Total (+68.6) 1,114. FY218 3Q Others Changan Automobile HONDA +7.1 NISSAN +.8 Guangzhou Automobile SUZUKI +7.6 GM +5.2 Mitsubishi VOLVO BMW PSA VW&Audi +4. 5

7 Segment Information (FY218 3 rd Quarter) 1,8 1,6 1,4 1,2 1, , ,691.4 Japan Revenue ( ) North America FY217 3Q FX Impact FY218 3Q Other factors Japan North America Europe China Asia & Others Total Europe China Asia & Others (+ 23.4) Japan North America FY217 3Q FY218 3Q FX Impact Other factors Japan North America Europe China Asia & Others Elimination Total Europe China Asia & Others 6

8 Fluctuations for (FY218 3 rd Quarter) FY217 3Q / FY218 3Q * Gain from stock swap with SHIROKI Corporation Business reorganization* (FY217) (FY217) Insurance income (FY217) Loss from earthquakes FY217 non-ordinary factors) (Except Sales fluctuation Cost structure improvement Change of material price Depreciation (FY217) Non-ordinary factors billion yen Ordinary factors billion yen Billion yen -2.7 Fixed cost & others (Except FY218 non-ordinary factors) FX impact (FY218) Non-ordinary factors +12.5billion yen FY217 3Q FY218 3Q 7

9 2.Consolidated Operating Forecast (FY months) 8

10 Consolidated Operating Forecast (FY months) Results FY217 FY218 Change Rate to Revenue % Forecast Rate to Revenue % Amount % Disclosed forecast in October FY218 Rate to Revenue % Revenue 3, , , Profit before income taxes Profit for the period * EPS yen yen yen yen - Pre-conditions FX Rate Toyota production (1, Unit) USD 19 yen USD 111 yen +2 yen +1.8 CNY 16.1 yen CNY 16.7 yen +.6 yen AT sales (1, Unit) USD 111 yen CNY 16.6 yen * Profit for the period attributable to Owners of the parent 9

11 Forecast of Sales by Customer (FY months) Other Auto Makers 1,3. (36.5%) Other Auto Makers 1,53. (39.%) FY217 Revenue Life & others (3.4%) 3,562.6 FY218 Revenue (+297.4) Life & others 117. (3.%) 3,86. Toyota Group 2,141.2 (6.1%) Toyota Group 2,24. (58.%) Other Auto Makers sales breakdown 1,6 1,4 1,2 1, , FY Chinese OEMs Total (+78.5) 1,53. FY218 Others Changan Automobile HONDA +7.8 NISSAN +. Guangzhou Automobile +42. GM +4. SUZUKI Mitsubishi +17. VOLVO +18. BMW PSA VW&Audi

12 2,4 2,2 2, 1,8 1,6 1,4 1,2 1, Forecast of Segment Information (FY months) 2, ,273. Japan Revenue (+297.4) (+ 19.4) North America FY217 FY218 FX Impact Other factors Japan North America Europe China Asia & Others Total Europe China Asia & Others Japan North America FY FY218 FX Impact Other factors Japan North America Europe China Asia & Others Elimination Total Europe China Asia & Others 11

13 Forecast of Fluctuations for (FY months) FY217 / FY218 * Gain from stock swap with SHIROKI Corporation Gain resulting from negative goodwill with Art Metal Mfg (FY217) Business reorganization* (FY217) Insurance income (FY217) Loss from earthquakes FY217 non-ordinary factors) (Except Sales fluctuation Cost structure improvement Change of material price Depreciation Billion yen (FY217) Non-ordinary factors billion yen Ordinary factors billion yen Fixed cost & others (Except FY218 non-ordinary factors) FX impact (FY218) Non-ordinary factors +12.6billion yen FY217 FY218 12

14 Forecast of Fluctuations for (FY months) FY218(Forecast in October) / FY (Forecast in Oct) +12. Sales fluctuation Change of material price -8.5 Fixed cost & others Ordinary factors +4. billion yen 246. (Except non-ordinary factors) +2. FX impact Non-ordinary factors +2. billion yen Billion yen FY218 (Forecast on Oct 31st) FY218 13

15 3. Reference Information 14

16 Capital Expenditure/Depreciation/ R&D Expenditure Capital Expenditure Depreciation R&D Expenditure (): Rate to sales Others ADS-G (4.7%) (5.%) (5.%) AW-G AISIN SEIKI-G (4.8%) FY215 FY216 FY217 FY218 FY215 FY216 FY217 FY218 FY215 FY216 FY217 FY218 15

17 Toyota Car Production Toyota domestic production Toyota oversea production Toyota global production (1, Unit) 4Q 3Q 2Q 1Q FY215 FY216 FY217 FY FY215 FY216 FY217 FY FY215 FY216 FY217 FY218 16

18 Sales Number AT sales MT sales (1, Unit) 1, FY215 FY216 FY217 FY218 Navigation System sales FY215 FY216 FY217 FY218 (1, Unit) (1, Unit) (1, Unit) FY215 FY216 FY217 FY218 Navigation Soft sales FY215 FY216 FY217 FY218 17

19 Foreign Currency Exchange Rate (yen) Foreign Exchange Rate FY215 FY216 FY217 FY218 Impacts on FY215 FY216 FY217 FY218 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 January USD 11 EUR 13 THB 3.3 CNY

20 Financial Results of the Main Consolidated Companies Ⅰ AISIN SEIKI Group * The results of FY215 are based on JGAAP and the others are based on IFRS. 2, 1,5 1, 5 3.4% 1, % 1, % 1, Q % 1, Q 1, FY215 FY216 FY217 FY218 AISIN AW Group 1,8 1,2 6 8.% 7.9% 1, , % 8.9% 1, Q 45. 3Q 1,195. 1, FY215 FY216 FY217 FY

21 Financial Results of the Main Consolidated * The results of FY215 are based on JGAAP and the others are Companies Ⅱ based on IFRS. AISIN Takaoka Group % 3.2% 4.5% Q % Q FY215 FY216 FY217 FY218 AISIN AI Group 2 4.5% % % 2.6 3Q % 1.3. FY215 FY216 FY217 FY218 4Q

22 Financial Results of the Main Consolidated * The results of FY215 are based on JGAAP and the others are Companies Ⅲ based on IFRS. ADVICS Group % 1.7% 1.1% Q 3Q % FY215 FY216 FY217 FY218 21

23 Quarterly Performance * The results of FY215 are based on JGAAP and the others are based on IFRS. Revenue (1, Unit) ,2 1, , Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY215 FY216 FY217 FY218 (Billion 12yen) 9 5.4% % % 6.5% % % % % 7.% % % 6.9% % 5.8% % % % 6.% 4.% 2.%.% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY215 FY216 FY217 FY218 22

24 Half Yearly Performance * The results of FY215 are based on JGAAP and the others are based on IFRS. 2,4 Revenue (1, Unit) ,865. 1, ,4.8 1,8 1, , , , , , st H 2nd H 1st H 2nd H 1st H 2nd H 1st H 2nd H FY215 FY216 FY217 FY % 7.2% 7.% 8.% % % 5.8% % 4.9% 4.9% % 6 2.% 3.% 1st H 2nd H 1st H 2nd H 1st H 2nd H 1st H 2nd H FY215 FY216 FY217 FY218 23

25 Dividend per Share * The results before FY215 are based on JGAAP and the others are based on IFRS. Dividend (yen) FY213 FY214 FY215 FY216 FY217 FY218 Interim Year-end Total Dividend Payout Ratio 27.3% 29.7% 34.7% 28.2% 28.1% 27.7% Repurchase of Treasury Stock (billion yen) 49. (*1) 7. Total return Ratio(*2) 27.3% 29.7% 34.7% 28.2% 66.5% 82.1% (*1)Repurchasing of common stock is authorized by the board of directors meeting held in May 217 (*2) Total return Ratio= (Cash dividend paid + repurchase of treasury Stock) / Profit for the period % % 34.7% % 28.1% 27.7% FY213 FY214 FY215 FY216 FY217 FY % 3% 25% 2% 15% 1% 5% % 24