Toyota Boshoku Corp. · TSE:3116
Toyota Boshoku — Q1 FY2018 Earnings Presentation
18 slides from Toyota Boshoku's earnings presentation, July 2017
Slide 1: FY2018 1st Quarter Financial Results
FY 2018 1st Quarter Financial Results ended Jun. 30, 2017
Slide 2: Agenda
1. 1st Quarter FY2018 Financial Results 2. 1st Half FY2018 Financial Forecast 3. FY2018 Financial Forecast
Slide 3: 1-1) 1st Quarter FY2018 Financial Highlights
1-1) 1st Quarter FY2018 Financial Highlights 1. Sales was higher than previous Q1 due to volume increase in Japan, China and Europe. 2. Operating Income was higher due to volume increase in Europe in spite of higher overhead costs. 3. Operating Income, Ordinary Income and Profit were revised upward
Slide 4: 1-2) 1st Quarter FY2018 Financial Results
1-2) 1st Quarter FY2018 Financial Results Consolidated Financial Results: Apr - Jun 2017 (100 million yen) Q1 FY2017 Q1 FY2018 YOY Change Net Sales 3,247 100% 3,324 100% 77 2.4% Operating Income 159 4.9% 162 4.9% 2 1.7% Ordinary Income 171 5.3% 170 5.1% -1 -0.7% Profit* 84 2.6% 100 3.0% 16 19.3% Ear
Slide 5: 1-3) Unit Production by Region
1-3) 1st Quarter FY2018 Financial Results Unit Production by Region Seat Assembly Production Total By Region (10,000 Units) (10,000 Units) +8 YOY Change +4.7% Pct Change 175 183 +1 +1.5% +1 -1 +1.9% 74 75 -3.8% +7 53 54 +44.0% 31 30 23 16 0 Q1 Q1 The Asia & Europe & Japan FY2017 FY2018 Americas Ocea
Slide 6: 1-4) Net Sales & Operating Income by Region
1-4) 1st Quarter FY2018 Financial Results Net Sales & Operating Income by Region Net Sales Operating Income (100 million yen) (100 million yen) Q1 Q1 YOY Q1 Q1 YOY FY2017 FY2018 Change FY2017 FY2018 Change +67 Total 3,247 3,324 +77 Total 159 162 +2 +4.1% 1,712 YOY Change *[ ]Ratio to Net Sales 1,645
Slide 7: 1-5) Operating Income Variance Analysis
1-5) 1st Quarter FY2018 Financial Results Operating Income Variance Analysis (100 million yen) Operating Income +2(+1.7%) +7 -24 +34 Model & -35 +24 +2 -5 159 Product Mix Changes in 162 Product FOREX Others Volume Prices Increase Increased Cost Overhead Reduction Costs Efforts Production Factor +41
Slide 8: Agenda: 1st Half FY2018 Financial Forecast
1. 1st Quarter FY2018 Financial Results 2. 1st Half FY2018 Financial Forecast 3. FY2018 Financial Forecast
Slide 9: 2-1) 1st Half FY2018 Financial Forecast
2-1) 1st Half FY2018 Financial Forecast Consolidated Financial Forecast: Apr - Sep 2017 (100 million yen) H1 FY2018 H1 FY2018 YOY Change H1 FY2017 (Original) (Revised) (17 vs. 18 Revised) Net Sales 6,400 100% 6,650 100% 6,674 100% -24 -0.4% Operating Income 295 4.6% 310 4.7% 361 5.4% -51 -14.2% Ordi
Slide 10: 2-2) 1st Half Unit Production by Region
2-2) 1st Half FY2018 Financial Forecast Unit Production by Region Seat Assembly Production Total By Region (10,000 Units) (10,000 Units) +6 YOY Change +1.7% Pct Change 359 365 -5 -3.3% +1 -1 +1.2% 157 152 +11 -1.9% 111 112 +33.9% 59 58 43 32 H1 H1 The Asia & Europe & Japan FY2017 FY2018 Americas Oce
Slide 11: 2-3) 1st Half Net Sales & Operating Income by Region
2-3) 1st Half FY2018 Financial Forecast Net Sales & Operating Income by Region Net Sales Operating Income (100 million yen) (100 million yen) H1 H1 YOY H1 H1 YOY FY2017 FY2018 Change FY2017 FY2018 Change -35 Total 6,674 6,650 -24 Total 361 310 -51 -1.0% 3,535 YOY Change 3,500 H1 H1 Pct Change *[ ] R
Slide 12: Agenda: FY2018 Financial Forecast
1. 1st Quarter FY2018 Financial Results 2. 1st Half FY2018 Financial Forecast 3. FY2018 Financial Forecast
Slide 13: 3-1) FY2018 Financial Forecast
3-1) FY2018 Financial Forecast Consolidated Financial Forecast: Apr 2017 - Mar 2018 (100 million yen) FY2018 FY2018 YOY Change (Original) (Revised) FY2017 (17 vs. 18 Revised) Net Sales 13,000 100% 13,500 100% 13,579 100% -79 -0.6% Operating Income 600 4.6% 630 4.7% 719 5.3% -89 -12.4% Ordinary Incom
Slide 14: 3-2) Unit Production by Region
3-2) FY2018 Financial Forecast Unit Production by Region Seat Assembly Production Total By Region (10,000 Units) (10,000 Units) +13 YOY Change +1.8% Pct Change 726 739 -1 -0.2% +5 -6 +2.4% 316 315 +14 -4.7% 218 223 +18.7% 118 113 75 89 FY2017 FY2018 The Asia & Europe & Japan Americas Oceania Africa
Slide 15: 3-3) Net Sales & Operating Income by Region
3-3) FY2018 Financial Forecast Net Sales & Operating Income by Region Net Sales Operating Income (100 million yen) (100 million yen) YOY YOY +113 FY2017 FY2018 Change FY2017 FY2018 Change +1.6% Total 13,579 13,500 -79 Total 719 630 -89 7,300 7,186 YOY Change *[ ] Ratio to Net Sales FY2017 FY2018 Pct
Slide 16: 3-4) Operating Income Variance Analysis
3-4) FY2018 Financial Forecast Operating Income Variance Analysis (100 million yen) Operating Income -89 (-12.4%) +33 -124 Cost Increase for 719 Growth Strategy, -50 Volume +11 -9 Increase +13 -146 +196 630 Model & New FOREX Others Product Mix Models (Value Improve- -63 ment) Changes in Product One-
Slide 17: 3-5) FY2018 Financial Forecast By Half Year
3-5) FY2018 Financial Forecast By Half Year Net Sales (100 million yen) FY2018 Forecast: Apr 2017 – Mar 2018 H1: Apr - Sep H2: Oct - Mar Full Year Japan 3,500 3,800 7,300 The Americas 1,450 1,400 2,850 Asia & Oceania 1,650 1,550 3,200 Europe & Africa 450 450 900 Consolidation 6,650 6,850 13,500 Oper
Slide 18: 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