FY 2016 Financial Results ended March 31, 2016
1. Financial Results for FY2016 1) Overview of Financial Results 2) Financial Results for FY2016 (ended March 31, 2016) 3) Financial Forecast for FY2017 (ending March 31, 2017)
1-1) Overview of Financial Results 1. The Americas became profitable after 8 terms. To organize sustainable business structure, Europe and Africa region accelerate reorganization by selling a part of the business. 2. Increase from previous term, end-of-term dividends of 15 yen(+6 yen), annual dividends of 30 yen(+12 yen) 3. For FY2017, a fall in both sales and profit is expected because of effects of foreign exchange rate and increase of overhead cost such as prior investment. 1/10
1-2) Financial Results for FY2016 Overview of Financial Results (100 million yen) FY2015 FY2016 Fluctuation Net Sales 13,055 100.0% 14,157 100.0% 1,102 8.4% Operating Income 323 2.5% 594 4.2% 270 83.7% Ordinary Income 410 3.1% 561 4.0% 150 36.6% Profit* 52 0.4% 39 0.3% -13-25.0% Earnings Per Share 28.08 yen 21.02 yen Cash Dividend Per Share 18.00 yen 30.00 yen Exchange Rate US$ 110 yen 120 yen 10 yen (weak yen) Euro 139 yen 133 yen 6 yen (strong yen) *Profit attributable to owners of parent 2/10
1-2) Financial Results for FY2016 Unit Production by Region Seat Assembly Production 1,200 Total (10,000 Units) (10,000 Units) -3-0.5% By Region Fluctuation Fluctuation rate 600 712 709-0 -0.2% 312 312-0 -0.7% 126 126-1 -0.9% 215 213-0 -0.8% 58 57 0 FY2015 FY2016 Japan The Americas Asia & Oceania Europe & Africa 3/10
1-2) Financial Results for FY2016 Net Sales & Operating Income by Region (100 million yen) (100 million yen) +473 +7.0% Net Sales Total Amount FY2016 14,157 FY2015 13,055 7,262 FY2015 Fluctuation +1,102 6,788 FY2016 +287 +10.0% +442 +14.1% 3,572 3,164 2,876 3,129 Fluctuation Fluctuation rate -52-5.2% Total Amount FY2016 594 FY2015 323 Fluctuation +270 +40 +18.1% 220 [3.3%] 260 [3.6%] Operating Income +82-42 [1.3%] *[ ]Ratio to net sales 199 [6.4%] +122 +61.4% 321 [9.0%] +25-1,018 965-40 [ -1.4%] -54 [-5.4%] -29 [-3.0%] Japan The Americas Asia & Oceania Europe & Africa Japan The Americas Asia & Oceania Europe & Africa 4/10
1-2) Financial Results for FY2016 Ordinary Income Increase & Decrease Analysis Ordinary Income +150 (+36.6%) (100 million yen) Operating Income +270(+83.7%) 410-84 -40 +193 +127 Cost reduction efforts +68 Effects of FOREX rate +6-120 Effects of changes in accounting period Non operating income 561 Effects from changes in product prices Increased overhead costs Effects of increased income FY2015 FY2016 5/10
1-3) Financial Forecast for FY2017 Financial Forecast for FY2017 (100 million yen) FY2016 FY2017 Fluctuation Net Sales 14,157 100.0% 13,300 100.0% -857-6.1% Operating Income 594 4.2% 525 3.9% -69-11.8% Ordinary Income 561 4.0% 525 3.9% -36-6.5% Profit* 39 0.3% 290 2.2% 250 643.5% Earnings Per Share 21.02 yen 156.23 yen Cash Dividend Per Share 30.00 yen 36.00 yen Exchange Rate US$ 120 yen 105 yen 15 yen (strong yen) Euro 133 yen 120 yen 13 yen (strong yen) *Profit attributable to owners of parent 6/10
1-3) Financial Forecast for FY2017 Unit Production by Region Seat Assembly Production 900 800 700 600 500 400 709 FY2016 Total (10,000 Units) (10,000 Units) +29 +4.1% 738 FY2017 +15 +5.0% 312 327 Japan -9-7.5% 126 By Region Fluctuation Fluctuation rate 116 The Americas +9 +4.4% 213 222 Asia & Oceania +13 +23.7% 57 71 Europe & Africa 7/10
1-3) Financial Forecast for FY2017 Net Sales & Operating Income by Region +37 +0.5% 7,300 7,262 Net Sales (100 million yen) (100 million yen) Total Amount FY2017 13,300 FY2016 14,157 Fluctuation -857-564 -17.8% -272-7.6% 3,572 3,164 3,300 2,600 Fluctuation Fluctuation rate FY2016 FY2017-165 -17.2% Total Amount FY2017 525 FY2016 594 Fluctuation -69-65 -25.2% 260 [3.6%] 195 [2.7%] Operating Income +7 +18.7% 42 [1.3%] 50 [1.9%] *[ ] Ratio to net sales -31-9.8% 321 [9.0%] 290 [8.8%] +19 - Japan The Americas Asia & Oceania 965 800 Europe & Africa Japan The Americas Asia & Oceania -29 [-3.0%] -10 [-1.3%] Europe & Africa 8/10
1-3) Financial Forecast for FY2017 Ordinary Income Increase & Decrease Analysis Ordinary Income -36(-6.5%) (100 million yen) Operating Income -69(-11.8%) 561-18 Effects of decreased income -96 Effects from changes in Product prices -49 Increased overhead costs -37 +103 Cost reduction Effects of efforts FOREX rate +28 +33 Effects of Non EA business operating reorganization income 525 FY2016 FY2017 9/10
1-3) Financial Forecast for FY2017 Return to Stockholders - Based on consolidated results, stable and lasting dividends have been provided. - Until FY2017, top priority is the investment to strengthen fundamental structures. Trends in dividends and current-term profit Dividend will be record high of 36 yen, anticipated for FY2017. Financial Results: 2Q: 209 32 Dividend(yen) Operating Income(100 million yen) Profit Attribuable to Owners of Parent(100 million yen) 253 288 323 157 126 52 39 16 18 18 18 9 10 9 9 7 8 9 9 594 15 525 290 18 15 18 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 30 36 10/10
Disclaimer This report contains forecasts and expectations that relate to future plans and strategies in addition to the expected financial results of the Toyota Boshoku Corporation and the Toyota Boshoku group. Within are estimates based on assumptions and opinions that have been formed by the company from the information available at the time of writing. They involve risks and uncertainties. Accordingly, actual results may differ from the company's forecasts.