FY st Quarter Consolidated Financial Results

Transcription

1 FY218 1 st Quarter Consolidated Financial Results July 28 th, 217 AISIN SEIKI Co., Ltd.

2 Contents 1.Consolidated Operating Results (FY218 1 st Quarter) 2.Consolidated Operating Forecast (FY218 2 nd Quarter- 6 months) P.2-7 P Reference Information P

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

4 FY218 1 st 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 decreased, due to the rise in material price and the increase of depreciation cost, in spite of the increase of sales. In addition, we had extraordinary gain from stock swap with SHIROKI Corporation last year. 3. Regarding 1 st half forecast, revenue and profit are revised upward due to favorable 1Q result and FX rate tendency. With respect to the annual forecast, it's not revised from the original one. 3

5 Consolidated Operating Results (FY218 1 st Quarter) FY217 1Q FY218 1Q Change Results Rate to sales % Results Rate to sales % Amount % Revenue Profit before income taxes Profit for the period * EPS yen yen yen -22. Pre-conditions FX Rate Toyota production (1, Unit) USD 18 yen USD 111 yen +3 yen +2.8 CNY 16.5 yen CNY 16.2 yen -.3 yen AT sales (1, Unit) * Profit for the period attributable to Owners of the parent 4

6 Sales by Customer (FY218 1 st Quarter) FY217 1 st Quarter Revenue Other Auto Makers sales breakdown FY218 1 st Quarter Revenue (+ 78.4) Other Auto Makers (38.%) Life & others 27.6 (3.3%) Other Auto Makers (35.7%) Life & others 27.7 (3.%) Toyota Group (61.%) Toyota Group 54.6 (59.%) FY217 1Q Chinese OEMs Total (+25.4) A/M & FY218 1Q Others +22. Guangzhou Automobile HONDA +1.9 Mitsubishi NISSAN SUZUKI GM PSA VOLVO BMW VW&Audi

7 Segment Information (FY218 1 st Quarter) Japan Revenue (+ 78.4) North America FY217 1Q FX Impact FY218 1Q Other factors Japan North America Europe China Asia & Others Total Europe China Asia & Others Japan (- 5.5) North america FY217 1Q FX Impact FY218 1Q Other factors Japan North America Europe China Asia & Others Elimination Total Europe China Asia & Others 6

8 Fluctuations for (FY218 1 st Quarter) FY217 1Q / FY218 1Q *Gain from stock swap with SHIROKI Corporation Business reorganization* (FY217) +4.9 Loss from earthquakes (FY217) (FY217) Non-ordinary factors billion yen 44.4 FY217 non-ordinary factors) (Except Sales fluctuation Cost structure improvement Change of material price Depreciation Ordinary factors +8.4 billion yen R&D others (Except FY218 non-ordinary factors) FX impact 53.5 (FY218) Non-ordinary factors +.7billion yen FY217 1Q -5.5 Billion yen FY218 1Q 7

9 2.Consolidated Operating Forecast (FY218 2 nd Quarter- 6 months) 8

10 Consolidated Operating Forecast (FY218 2 nd Quarter- 6 months) FY217 2Q FY218 2Q Change FY218 2Q Results Rate to sales % Forecast Rate to sales % Amount % Disclosed on Apr 28th Rate to sales % Revenue 1, , , Profit before income taxes Profit for the period * EPS yen yen yen yen - Pre-conditions FX Rate Toyota production (1, Unit) USD 15 yen USD 111 yen +6 yen +5.7 CNY 15.9 yen CNY 16.2 yen +.3 yen AT sales (1, Unit) USD 15 yen CNY 16. yen * Profit for the period attributable to Owners of the parent 9

11 Forecast of Sales by Customer (FY218 2 nd Quarter- 6 months) FY217 2Q Revenue Life & others 59.2 (3.4%) Other Auto Makers sales breakdown 8 Chinese OEMs Total (+51.1) Other Auto Makers (35.3%) Other Auto Makers 72. (38.2%) FY218 2Q Revenue ( ) Life & others 61. (3.3%) 1, ,84. Toyota Group 1,39.9 (61.3%) Toyota Group 1,77. (58.5%) FY217 2Q FY218 2Q A/M & Others Guangzhou Automobile HONDA +3. SUZUKI +2.6 NISSAN +3.6 MITSUBISHI +5.8 GM VOLVO PSA +1.2 BMW VW&Audi

12 Forecast of Segment Information (FY218 2 nd Quarter- 6 months) 1,2 1, ,82. Japan Revenue (+142.5) (+ 8.2) North America FY217 2Q FX Impact FY218 2Q Other factors Japan North America Europe China Asia & Others Total Europe China Asia & Others Japan North America FY217 2Q FY218 2Q FX Impact Other factors Japan North America Europe China Asia & Others Elimination Total Europe China Asia & Others 11

13 Forecast of Fluctuations for (FY218 2 nd Quarter- 6 months) FY217 2Q / FY218 2Q (Forecast) *Gain from stock swap with SHIROKI Corporation Business reorganization* (FY217) (FY217) Loss from earthquakes (FY217) Non-ordinary factors -9.9 billion yen (Except FY217 non-ordinary factors) Sales fluctuation Cost structure improvement Change of material price Depreciation Ordinary factors billion yen +8.2 Billion yen R&D others (Except FY218 non-ordinary factors) FX impact 13. (Forecast) (FY218) Non-ordinary factors +5.4billion yen FY217 2Q FY218 2Q (forecast) 12

14 Forecast of Fluctuations for (FY218 2 nd Quarter- 6 months) FY218 2Q (Forecast in April) / FY218 2Q (Forecast) 96. (Forecast in Apr) +6.5 Sales fluctuation -1. Change of material price Ordinary factors +2.6 billion yen Other fixed expense (Except non-ordinary factors) FX impact Non-ordinary factors +4.4billion yen 13. (Forecast) +7. Billion yen FY218 2Q (Forecast in April) FY218 2Q (Forecast) 13

15 3. Reference Information 14

16 Sales Number (1, Unit) 1, (1, Unit) AT Sales MT Sales FY215 FY216 FY217 FY218 Navigation System Sales FY215 FY216 FY217 FY218 (1, Unit) FY215 FY216 FY217 FY218 (2Q forecast) (2Q forecast) (1, Unit) Navigation Soft Sales FY216 FY216 FY217 FY218 (2Q forecast) (2Q forecast) 15

17 Financial Results of the Main Consolidated Companies Ⅰ * The results of FY215 are based on JGAAP and the others are based on IFRS. AISIN SEIKI Group 2, 1,5 1, 5 3.4% 1,42.5 1, AISIN AW Group 4.7% 4.9% 1, Q Q FY215 FY216 FY217 FY % (2Q forecast) 1,8 1,2 6 8.% 7.9% 1, , % 8.6% 1, Q Q FY215 FY216 FY217 FY (2Q forecast)

18 Financial Results of the Main Consolidated Companies Ⅱ * The results of FY215 are based on JGAAP and the others are based on IFRS. AISIN TAKAOKA Group % 3.2% 4.5% Q Q % FY215 FY216 FY217 FY218 (2Q forecast) AISIN AI Group % % % Q 2.3.% Q FY215 FY216 FY217 FY218 (2Q forecast)

19 Financial Results of the Main Consolidated Companies Ⅲ * The results of FY215 are based on JGAAP and the others are based on IFRS. ADVICS Group % 1.7% % Q Q % FY215 FY216 FY217 FY218 (2Q forecast)

20 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 FY215 4Q 1Q 2Q 3Q FY216 4Q 1Q 2Q 3Q FY217 4Q 1Q 2Q FY218 (forecast) Operating profit (Billion 12. yen) % % % % % % % % % % % 6.9% % % % 6.% 4.% 2.%..% 1Q 2Q 3Q FY215 4Q 1Q 2Q 3Q FY216 4Q 1Q 2Q 3Q FY217 4Q 1Q 2Q FY218 (forecast) 19

21 Dividend per Share * The results before FY215 are based on JGAAP and the others are based on IFRS. FY213 FY214 FY215 FY216 FY217 FY218 (Forecast) Dividend (yen) Interim Year-end Total Dividend Payout Ratio 27.3% 29.7% 34.6% 28.2% 28.1% 3.1% Repurchase of Treasury Stock (billion yen) % 5 49 (*1) 7 Total return Ratio*2 27.3% 29.7% 34.6% 28.2% 66.5% 89.4% (*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 % 34.6% % 28.1% % FY213 FY214 FY215 FY216 FY217 FY218 (Forecast) 35% 3% 25% 2% 15% 1% 5% % 2