Slide 1: FY19 consolidated financial results and FY20 forecast
This presentation gives Panasonic’s consolidated financial results for fiscal 2019 (FY19) ended March 31, 2019, and its current financial forecast for fiscal 2020 (FY20) ending March 31, 2020. Copyright (C) 2019 Panasonic Corporation All Rights Reserved.
Slide 2: Summary of financial results for FY19
First, the summary of the financial results for FY19. Copyright (C) 2019 Panasonic Corporation All Rights Reserved. 1
Slide 3: Consolidated financial results for FY19
This shows the consolidated financial results for FY19. Overall sales were 8,002.7 billion yen, the same as previous year’s level. Overall operating profit increased by 31.0 billion yen to 411.5 billion yen. This was due mainly to the partial revision of the pension scheme and temporary profit
Slide 4: Details of profit and loss
This slide shows details of profit and loss, from operating profit to net profit. Income taxes improved due mainly to one-off effect resulting from the reorganization of subsidiaries. Copyright (C) 2019 Panasonic Corporation All Rights Reserved. 3
Slide 5: Results by segment
Next, let’s look at the results by segment. Operating profit decreased in all business segments. For Appliances, sales and profit decreased due to sluggish sales mainly in AVC, along with the weakening demand for devices in China. For Eco Solutions, overall sales increased due mainly to steady
Slide 6: Operating profit analysis versus forecast
This slide shows an analysis of operating profit, which improved by 26.5 billion yen compared to the forecast announced in February. Profit generated from business improved by 2.0 billion yen, with contributions by businesses such as Avionics, despite the impact of decreased sales in automotive
Slide 7: FCF, net cash position and dividends
This slide shows FCF, net cash position, and dividends. FCF was 10.3 billion yen in FY19, an increase of 45.9 billion yen from FY18. Going forward, the Company will continue to control investments strictly, and improve FCF by thoroughly generating cash flows from operating activities such as r
Slide 8: FY20 full-year forecast
Now, I will explain the FY20 full-year forecast. Copyright (C) 2019 Panasonic Corporation All Rights Reserved. 7
Slide 9: Business portfolio reform in FY20
The Company will carry out reform of its business portfolio in FY20, the first year of the new Mid-term strategy. Sales is expected to decrease, due mainly to sales decrease in Industrial Solutions. This reflects the uncertainty in the macro environment including the situation in China, along wi
Slide 10: FY20 full-year consolidated forecast
This slide shows the full-year consolidated forecast for FY20. Sales will decrease by 102.7 billion yen to 7,900.0 billion yen. Operating profit will decrease by 111.5 billion yen to 300.0 billion yen. Net profit will decrease by 84.1 billion yen to 200.0 billion yen. ROE is expected to be
Slide 11: FY20 operating profit analysis
This slide shows our operating profit analysis. Profit decrease by sales decrease is expected to be 24.0 billion yen. This is due mainly to business portfolio reform. We expect a decrease of 10.0 billion yen from the effect of exchange rates. Regarding fixed cost, investment in Automotive Ba
Slide 12: FY20 forecasts by segment
This slide shows the FY20 financial forecasts by segment. Starting in FY20, the Company will report based on the five business segments shown here. For the businesses included in each segment, please refer to the end of this presentation. Copyright (C) 2019 Panasonic Corporation All Rights Res
Slide 13: Appliances
First, let’s look at Appliances based on consolidated production and sales. In FY20, we will strengthen our businesses in China and Asia mainly through air-conditioners and white goods. Overall sales are expected to maintain the same level as the previous year. Sales are expected to increase i
Slide 14: Life Solutions
Next, let’s look at Life Solutions. In FY20, we are aiming to strengthen overseas businesses in China, India and other markets, where we expect market growth in electrical construction materials, such as wiring devices and lighting equipment. In addition, we will strengthen our solutions busines
Slide 15: Connected Solutions
Next, let’s look at Connected Solutions. In FY20, we will lay the foundation for solution service businesses pursuing higher profitability, as well as strengthening the profitability of existing businesses. Sales are expected to increase, driven mainly by PSSJ, which aims to pursue the opportu
Slide 16: Automotive
Next, let’s look at the situation for Automotive. In FY20, Automotive Solutions will execute management reform that prioritizes profit growth. In particular, we will focus on projects in areas where we have competitive advantage. For Automotive Batteries, we will make investments in expanding
Slide 17: Industrial Solutions
Finally, let’s look at Industrial Solutions. For FY20, we will focus investments on growth areas in the automotive- and industrial-use businesses as well as accelerate our initiatives to change the business structure and pursue higher operational efficiency. For Systems, we will strengthen our
Slide 18: Business portfolio reform in new mid-term strategy
In FY20, the first year of the new Mid-term strategy, we will carry out business portfolio reform. We aim to improve the competitiveness of our businesses through “Co-creation” with our partners, such as we are doing in the automotive prismatic battery business, announced in January, and the tow
Slide 19: Thank you for your kind attention
Thank you for your kind attention. Copyright (C) 2019 Panasonic Corporation All Rights Reserved. 18
Slide 20: Copyright (C) 2019 Panasonic Corporation All Rights Reserved.
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Slide 22: Copyright (C) 2019 Panasonic Corporation All Rights Reserved.
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Slide 23: Copyright (C) 2019 Panasonic Corporation All Rights Reserved.
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Slide 24: Copyright (C) 2019 Panasonic Corporation All Rights Reserved.
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