JTEKT Corporation · TSE:6473
JTEKT — Q1 FY2020 Earnings Presentation
15 slides from JTEKT's earnings presentation, Aug 3, 2020
Slide 1: Financial Results For the First-Quarter of Fiscal Year Ending March 2021
1 Financial Results For the First-Quarter of Fiscal Year Ending March 2021 August 3, 2020 JTEKT CORPORATION
Slide 2: Table of Contents
2 table of contents １. Results for the First Quarter of Fiscal Year Ending March 2021 2. Forecasts for Fiscal Year 2020, Ending March 2021 3. Appendix JTEKT CORPORATION
Slide 3: Overview of FY2021 1st Quarter Financial Results
3 1-1） Overview of FY2021 1st Quarter Financial Results １．Sales in the first quarter were halved compared to the first quarter of the previous year due to the impact of COVID-19 and other factors, and all businesses experienced a significant decline in sales and fell into deficit. By region, sales i
Slide 4: Consolidated Performance
4 1-2）Consolidated Performance ・ Profit declined substantially due to the impact of lower sales. ・ Reduce fixed costs by reducing capital investment and R&D costs. Unit : Billions of yen Increase/ Increase/ FY2019 1Q FY2020 1Q (%) : Ratio to Revenue Decrease Decrease(%) Sales revenue 362.4 195.3 △ 1
Slide 5: Business Profit Analysis
5 1-3）Business Profit Analysis Profit improved due to cost improvements and lower R&D and labor costs, but profit declined significantly due to lower sales. Business profit : △41.5 Factors of profit decrease : △49.8 Factors of profit increase : +8.3 (billions of yen) 11.6 △0.3 △47.5 Profit improveme
Slide 6: Results by Company Location
6 1-4) Results by Company Location Sales declined in all regions except China, and profit decreased in all regions. Japan ： The impact of higher depreciation expenses and new consolidations resulted in a profit decrease exceeding a revenue decline impact. Europe ： The impact of the decline in sales
Slide 7: Table of Contents
7 table of contents １. Results for the First Quarter of Fiscal Year Ending March 2021 2. Forecasts for Fiscal Year 2020, Ending March 2021 3. Appendix JTEKT CORPORATION
Slide 8: Forecasts for Fiscal Year Ending March 2021
8 2-1）Forecasts for Fiscal Year Ending March 2021 ・ Sales were down 20% year on year due to a significant decline in sales in all regions except China. ・ Profit improvement through cost improvement and fixed cost reduction reduced the impact of profit decline. Unit : Billions of yen FY2019 FY2020 (F
Slide 9: Business Profit Analysis
9 2-2）Business Profit Analysis The decline in selling prices was covered by cost improvements, and furthermore, profit improved through reductions in R&D and labor costs, but profit decreased due to lower sales. Business profit : △57.5 Factors of profit decrease : △82.5 Factors of profit increase :
Slide 10: Table of Contents
10 table of contents １. Results for the First Quarter of Fiscal Year Ending March 2021 2. Forecasts for Fiscal Year 2020, Ending March 2021 3. Appendix JTEKT CORPORATION
Slide 11: (Reference) Sales Forecast by Region
11 （Reference）Sales Forecast by Region (billions of yen) FY2020 (Forecast) FY2019 Increase/ Increase/ (Actual) Decrease Decrease(%) 1H 2H Full year ス テ Japan アリング 605.3 - 4,790 479.0 △ 126.3 △ 20.9% ベ アEurope リ ン グ 197.4 - 1,450 145.0 △ 52.4 △ 26.5% 駆 動 North America 293.0 - 2,280 228.0 △ 65.0 △ 22.
Slide 12: (Reference) Financial Result by Business
12 （Reference）Financial Result by Business (billions of yen) FY2019 FY2020 Increase/ Increase/ Mechanical Components 1Q 1Q Decrease Decrease(%) ステ アリ Steering ング 売 systems Sales 上 高 revenue 190.1 88.1 △ 102.0 △ 53.7% ベDrivelines アリング 売 Sales 上 高 revenue 38.0 25.2 △ 12.7 △ 33.5% 駆 Bearings 動 Sales 売
Slide 13: (Reference) Financial Results by Region: Japan/Europe
13 （Reference）Financial Results by Region 【Japan/Europe】 (billions of yen) FY2019 FY2020 2011年度 Increase/ Increase/ Japan 1Q 1Q 第2四半期 Decrease Decrease(%) Sales revenue 売 上 高 144.9 91.6 △ 53.2 △ 36.7% 営 業 利 Business 益 Profit 2.7 △ 20.3 △ 23.0 － Business Profit (%) 1.9% △ 22.1% (billions of yen) FY20
Slide 14: (Reference) Financial Results by Region: North America/China
14 （Reference）Financial Results by Region 【North America/China】 (billions of yen) FY2019 FY2020 2011年度 Increase/ Increase/ North America 1Q 1Q 第2四半期 Decrease Decrease(%) Sales revenue 売 上 高 78.8 32.1 △ 46.6 △ 59.2% 営 業 利 Business 益 Profit 2.2 △ 6.5 △ 8.7 － Business Profit (%) 2.9% △ 20.2% (billions
Slide 15: (Reference) Financial Results by Region: Asia and Others
15 （Reference）Financial Results by Region 【Asia and Others】 (billions of yen) Asia/Oceania FY2019 FY2020 2011年度 Increase/ Increase/ 1Q 1Q 増 Decrease 減 額 増 減 額 Decrease(%) (including India) 第2四半期 Sales revenue 売 上 高 41.2 13.8 △ 27.4 △ 66.5% 営 業 利 Business 益 Profit 3.3 △ 2.9 △ 6.2 － Business Profit (%