Toyota Boshoku Corp. · TSE:3116
Toyota Boshoku — Q3 FY2019 Earnings Presentation
17 slides from Toyota Boshoku's earnings presentation, February 2019
Slide 1: 3rd Quarter FY2019 Financial Results
FOR LIMITED DISTRIBUTION 関係者外秘 rd 3 Quarter FY2019 Financial Results Ended Dec. 31, 2018
Slide 2: Table of contents
Table of contents 1. 3rd Quarter FY2019 Financial Results 2. FY2019 Financial Forecasts
Slide 3: Overview of 3rd Quarter Financial Results
1-1) Overview of 3rd Quarter Financial Results ■ 3rd Quarter FY2019 Actual 1. Sales was higher than previous Q3 due to model mix change and new models in addition to seat volume increase. 2. Operating Income was lower due to forex impact in South America, rise in raw material price and an increase i
Slide 4: 3rd Quarter FY2019 Financial Results: Consolidated
1-2) 3rd Quarter FY2019 Financial Results Overview of Consolidated Financial Results: Apr - Dec 2018 (100 million yen) Q3 FY2018 Q3 FY2019 YOY Change Net Sales 10,330 100% 10,467 100% 136 1.3% Operating Income 494 4.8% 436 4.2% -58 -11.7% Ordinary Income 518 5.0% 442 4.2% -76 -14.7% Profit* 285 2.8%
Slide 5: Unit Production by Region
1-3) 3rd Quarter FY2019 Financial Results Unit Production by Region Seat Assembly Production Total By Region (10,000 Units) (10,000 Units) YOY Change Pct Change Q3 Q3 +2 FY18 FY19 +0.3% 553 555 -7 -2.8% +12 -3 +7.4% 233 226 -3.3% -1 -1.7% 167 180 87 84 67 65 Q3 Q3 The Asia & Europe & Japan FY2018 FY
Slide 6: Net Sales & Operating Income by Region: Japan, Americas
1-4) 3rd Quarter FY2019 Financial Results Net Sales & Operating Income by Region Japan The Americas Income Variance ¥-89(100M) Income Variance ¥+99 (100M) -Higher Sales due to Model Mix Change -Lower Sales due to Volume decrease, -Lower Income due to Labor & Overhead Forex impact in South America Co
Slide 7: Net Sales & Operating Income by Region: Asia & Oceania, Europe & Africa
1-4) 3rd Quarter FY2019 Financial Results Net Sales & Operating Income by Region Asia & Oceania Europe & Africa Income Variance ¥-72(100M) Income Variance ¥+4 (100M) -Higher Sales due to Volume increase in China -Lower Sales due to Volume decrease -Lower Income due to Impact of APA in -Higher Income
Slide 8: Operating Income Variance Analysis
1-5) 3rd Quarter FY2019 Financial Results Operating Income Variance Analysis (100 million yen) Operating Income -58(-11.7%) ＋44 -105 ＋8 ＋12 494 ＋120 -23 -103 -11 Volume Model & New 436 Product Mix Models Increase (Value Changes in FOREX Others Improve- Product ment) Prices Increased Cost Overhead Re
Slide 9: FY2019 Financial Forecasts
1. 3rd Quarter FY2019 Financial Results 2. FY2019 Financial Forecasts
Slide 10: FY2019 Financial Forecasts
2-1) FY2019 Financial Forecasts (100 million yen) FY2019 FY2019 YOY Change (Announced on 10/31) (Latest) FY2018 (18 vs. 19 Latest) Net Sales 14,000 100% 14,000 100% 13,995 100% 4 0.0% Operating Income 620 4.4% 580 4.1% 711 5.1% -131 -18.5% Ordinary Income 630 4.5% 580 4.1% 728 5.2% -148 -20.4% Profi
Slide 11: FY2019 Forecasts: Unit Production by Region
2-2) FY2019 Financial Forecasts Unit Production by Region Seat Assembly Production Total By Region (10,000 Units) (10,000 Units) +11 YOY Change +1.5% Pct Change FY18 FY19 740 751 +0 +0.1% +15 +6.9% -4 315 315 -3.6% -0 219 234 -0.4% 116 112 89 89 The Asia & Europe & FY2018 FY2019 Japan Americas Ocean
Slide 12: FY2019 Forecasts: Net Sales & Operating Income by Region (Japan, Americas)
2-3) FY2019 Financial Forecasts Net Sales & Operating Income by Region Japan The Americas Income Variance ¥-112(100M) Income Variance ¥+60 (100M) -Higher Sales due to Model Mix Change -Lower Sales due to Volume decrease, -Lower Income due to Higher Labor & Forex impact in South America Overhead Cost
Slide 13: FY2019 Forecasts: Net Sales & Operating Income by Region (Asia, Europe)
2-3) FY2019 Financial Forecasts Net Sales & Operating Income by Region Asia & Oceania Europe & Africa Income Variance ¥-69(100M) Income Variance ¥-10 (100M) -Higher Sales due to Volume increase in -Lower Sales and Income due to Volume China decrease and One-time Income decrease -Lower Income due to
Slide 14: FY2019 Forecasts: Operating Income Variance Analysis
2-4) FY2019 Financial Forecasts Operating Income Variance Analysis (100 million yen) Operating Income -131(-18.5%) ＋54 -75 711 ＋35 -146 Volume ＋174 -32 Increase Model & New -130 -11 580 Product Mix Models (Value FOREX Others Improve- Changes in ment) Product Prices Increased Cost Overhead Reduction
Slide 15: FY2019 Financial Forecasts by Half Year
2-5) FY2019 Financial Forecasts by Half Year Net Sales (100 million yen) FY2019 Forecasts 1st Half (Actual) 2 nd Half Full Year Japan 3,824 4,025 7,850 The Americas 1,353 1,246 2,600 Asia & Oceania 1,759 1,740 3,500 Europe & Africa 471 478 950 Consolidation 6,862 7,137 14,000 Operating Income (100 m
Slide 16: Returning to Shareholders
2-6) FY2019 Financial Forecasts Returning to Shareholders • In FY2019, our annual per-share dividend payout plan is ¥56, which is ¥2 higher than in FY2018. ・We keep long-term sustainable dividends comprehensively taking our consolidated financial results into account. Dividend, Operating Income, & P
Slide 17: Disclaimer
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 comp