Consolidated Financial Forecasts (April 1, 216 through March 31, 217) May 26, 216 AISIN SEIKI Co., Ltd. (http://www.aisin.com/) - 1 -
Overview of Financial Forecast 1While market in Japan stays the same level, stable growth is expected in North America and Europe. Our global sales is predicted to reach 3,4 billion yen, due to the expansion of AT business specially to European and North American customers. In addition, newly consolidated sub group, Shiroki Group will also result the increase of total sales. The overseas sales will be increased while foreign exchange will be giving negative impact. 2Operating income is predicted to be 175 billion yen, which is approximately same as FY216.In spite of the income increase of sales increase, operating income is predicted to fall due to the increase of fixed cost such as R&D and depreciation, 38 billion yen forex loss, and 2 billion yen negative impact of earthquakes. On the other hand, 16.8 billion yen positive impact from adoption of IFRS and 19.5 billion yen gains from stock swap with Shiroki Corporation will contribute. 32 billion yen negative impacts are predicted from the earthquakes on consolidated operating income, which includes 15 billion yen negative impacts by restoration costs from earthquake-damaged plant and production at alternate sites, and 5 billion yen negative impacts by suspension of operations of customers. - 2 -
Consolidated Fiscal Year Forecast ( 12 months) Net Sales Operating Income Net Income + 156.9 billion yen ( +4.8%) -1.4 176.4 175. -6.9 96.9 9. 3,243.1 3,4. FY216 J-GAAP IFRS Income before income tax FY216 J-GAAP EPS IFRS -1.8 186.8 185. 342.67Yen 311.48Yen FY216 J-GAAP IFRS FY216 J-GAAP IFRS FY216 J-GAAP IFRS - 3 -
Forecast of Sales by Customer ( 12 months) FY216 Sales 3,243.1 Life & others 14.7 Other Manufacturers 1,118.2 Sales 3,4. Life & others 124. Other Manufacturers 1,192. Toyota Group 2,2.1 62.3% Toyota Group 2,84. 61.3% 1, 1, 9 8 7 6 5 4 3 Other Manufacturers sales breakdown 1,118.2 319.2 315.6 34.5 46.7 33.5 48.3 64.3 5. 68.4 69.5 72.7 55.4 +17.3 74.5 73.5 +1. 76.1 52.1 +24. 71.3 +2.9 92.2 83.6 +14.2 97.8 265.4-19.8 245.6 FY216 J-GAAP 1,192. IFRS A/M & Others Changan HONDA SUZUKI MITSUBISHI NISSAN VOLVO GM BMW PSA VW & Audi - 4 -
Forecast of Segment Information ( 12 months) Net Sales Operating Income Billion 億円 yen Japan 1,824.1 1,992. Japan 14.1 93. North America Europe 281.4 28. 564.4 527. Fx impact Sales variation excluding FX impact Japan -26.8 +194.7 North America -76. +38.6 North America Europe 2.7 3.4 18.5 25.9 Fx impact Sales variation excluding FX impact Japan -26.8 +15.7 North America -3.7 +11.1 Europe -.3 +1. China -5. +9.1 Asia & Others -2.2 +1.3 China 33.9 345.9 Europe - -1.4 China -37.7 +52.7 Asia & Others -23.8 +36.8 China 42.3 46.4 Asia & Others 242.1 255.1 FY216 J-GAAP IFRS 7.2 Asia & Others FY216 6.3 J-GAAP IFRS 3 6 9 1, 2 4 6 8 12-5 -
Forecast of Fluctuations for Operating Income ( 12 months) Increase +19.3 FY216 / -1.4 Decrease 176.4 175. Decrease -11.7 38. 3. 5. Sales fluctuation Cost structure improvement Change of material price Forex rate 1US$ : 12 15 1CNY : 18.8 17. Depreciation (Based on J-GAAP) -28.2-38. R&D others -24.5 Mainly effect of change of depreciation method +13.4 16.8 19.5 IFRS adoption Gains from stock swap with Shiroki corporation Impact of Kumamoto earthquakes -2. - 6 -
FY 213 to FY216 : Japanese GAAP FY 217: IFRS Financial Results of the Main Consolidated Companies I AISIN SEIKI Group Operating income Ordinary income/ Income before income tax Sales 18 15 12 9 6 3 1,353.6 1,195.7 1,42.5 1,5.9 1,565. 99.1 1, 69.3 84.5 72.5 76. 52.4 59.2 61.5 48.1 5. 5 FY213 FY214 FY215 FY216 1,5 AISIN AW Group Operating income Ordinary income/ Income before income tax Sales 15 12 9 6 3 975.1 64.5 64.2 1,53. 81.2 84.4 1,127.2 89.7 97.5 1,276.5 <6,141> <7,121> 1,34. 1,5 億円 13. 13. 1, 93. 91.3 5 FY213 FY214 FY215 FY216-7 -
Financial Results of the Main Consolidated Companies Ⅱ AISIN Takaoka Group Operating income Ordinary income/ Income before income tax Sales 2 1 247.4 215.4 11.2 12.3 9.5 9.3 263.8 11.2 12.5 275.9 9.1 8.1 261.3 3 1.4 11.2 AISIN AI Group Operating income Ordinary income/ Income before income tax Sales 12 9 6 3-3 FY213 FY214 FY215 FY216 134.9 127.7 126.4 133.9 142. 6.5 6.3 3.6 5 3.9 2.6 2.7 2.4 2.7 -.3 -.4-5 FY213 FY214 FY215 FY216-8 - 15
Financial Results of the Main Consolidated Companies Ⅲ ADVICS Group Operating income Ordinary income/ Income before income tax Sales AISIN HOLDINGS OF AMERICA - サブ連結 3 2 1 15 5-5 447.2 511.5 12.8 14.1 15.3 14. 527.3 9.6 11.6 <2,772> 551.2 8.8 <1,783> 7.9 <3,76> 543.9 5.4 FY213 FY214 FY215 FY216 2,478 58 49 1,972 5 1 6 1,378 31 36 1,577 5 52 <1,873> 1Q 売上 < 49 > 1,319 4 Billion 億円 yen 4.8 6 4 億円 2, 1, 7 年度 8 年度 9 年度 1 年度 11 年度 ( 予想 -1, ) - 9 -
Capital Expenditure Depreciation 3 139.2 149. 161. 188.2 23. Capital Expenditure 4 3 294.1 247.8 257. 195. 24.7 23.7 43.6 11.4 13.1 25.8 123.2 66.6 74.8 78.8 78. 29.3 25.7 3.9 41.8 45.2 FY213 FY214 FY215 FY216 Other Overseas AHA-G Other Domestic ADVICS-G AISIN AW-G AISIN SEIKI - 1 -
R & D Expenditure R & D Expenditure / Net Sales % 8. 7. 6. 5. 4. 5.3 % 5.1 % 5. 5. % % 5. % R & D Expenditure 25 15 5 162.6 17. 135. 144.3 149.1 5 2. 9 5 2. 4 5 5. 4 6 5. 8 6 9. 5 1 9. 3 1 9. 5 1 9. 1 9. 3 2. 3 5 3. 5 6. 6 6 3. 7 6 5. 5 6 7. 7 FY213 FY214 FY215 FY216 Others AISIN AW-G ADVICS AISIN SEIKI - 11 -
Production 75 5 2 nd H 25 1 st H 15 2 nd H 5 1 st H AT Production 658 687 737 8 545 331 347 385 327 34 352 FY214 FY215 FY216 Navigation System Production 165 135 144 128 124 65 65 84 63 59 6 FY214 FY215 FY216 15 2 nd H 5 1 st H 8 6 4 2下期 nd H 2 1上期 st H MT Production 161 144 16 84 73 82 77 71 78 214 161 FY214 FY215 FY216 Navigation Soft Production 22 19 3 6 61 3 27 45 3 34 1, of units FY214 FY215 FY216-12 -
TOYOTA Motors Production TOYOTA Motors Production 1, of units 91 899 887 95 8 329 313 314 317 Domestic Production 4 572 586 573 588 FY214 FY215 FY216 Overseas Production - 13 -
Foreign Currency Exchange Rate 145 12 95 7 25 2 15 1 5 135Yen Yen Foreign Exchange Rate 138Yen 11Yen 132Yen 12Yen 12Yen 15Yen 18.Yen 16.5Yen 18.8Yen 17.Yen 3.2Yen 3.4Yen 3.4Yen 3.Yen EUR USD CNY THB Forex Impact on Operating Income per 1(or.1) yen Impacts on Operating Income FY214 FY215 FY216 (forecast) USD 1.46 1.46 1.27 1.35 EUR.13.14.13.14 THB.79.74.8.78 CNY.19.26.54.7 Impacts of THB and CNY are per.1yen. - 14 -
Quarterly Performance Net Sales 1, 8 6 TOYOTA Motors Production(1, of units) 224 22 195 22 224 224 226 227 223 231 224 221 219 232 655.5 636.3 598. 639.9 699.5 687.4 714.8 72.3 77. 727.8 756.4 773.2 771.7 788. 221 215 843.4 839.9 4 Operating Income 12 9 7.% 6.1% 4.9% 5.5% 6.3% 6.1% 6.1% 5.8% 5.4% %:Operating income rate 6.5% 5.9% 4.4% 4.4% 5.% 6.% 6.2% 6 3 45.5 44.3 38.8 35. 29.3 41.9 43.4 41.4 38.4 32. 44.9 5.5 33.8 39.7 5.6 52.2 FY213 FY214 FY215 FY216 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY 213 to FY216 : Japanese GAAP - 15 -