Slide 1: Panasonic consolidated financial results, third quarter FY18
This presentation gives Panasonic’s consolidated financial results for the third quarter of fiscal 2018 (FY18) ended December 31, 2017. Copyright (C) 2018 Panasonic Corporation All Rights Reserved.
Slide 2: Summary of Q3 FY18 financial results
This shows a summary of the financial results for the third quarter of FY18. Increase in both sales and profit was achieved for the third quarter, following the first half. Sales increases were driven by Automotive, and by Industrial, which is making a shift to automotive- and industrial-relat
Slide 3: Overview of third quarter financial results
Next, I will give an overview of the financial results for the third quarter. Copyright (C) 2018 Panasonic Corporation All Rights Reserved. 2
Slide 4: Consolidated financial results for Q3 FY18
This table shows the consolidated financial results for the third quarter of FY18. Sales increased by 9% from the same period last year. Even in real terms, excluding the effect of exchange rates and new consolidations, sales increased for five quarters in a row, and they continued on a growth p
Slide 5: Sales analysis by business
This graph shows our sales analysis by business, based on the Businesses whose sales are disclosed. For the third quarter as well, Automotive continued to increase significantly due to Automotive Infotainment Systems and the new consolidation of Ficosa. In addition, increased sales were contri
Slide 6: Year-on-year changes in operating profit
Next, let’s look at year-on-year changes in operating profit. As shown here, operating profit increased by 25.0 billion yen, owing to steady sales growth. Following the first half, we felt an impact from price hikes of raw materials such as copper. However, to minimize this impact, we have pro
Slide 7: Operating profit changes by business
This shows an analysis of year-on-year changes in operating profit for the Businesses whose sales are disclosed. Looking at profit generated from business, Air-Conditioner decreased due to the impact of price hikes of raw materials. Industrial showed a significant increase, through profit improv
Slide 8: Profit and loss details from operating profit to net profit
This slide shows details of profit and loss, from operating profit to net profit. Copyright (C) 2018 Panasonic Corporation All Rights Reserved. 7
Slide 9: Results by segment
This chart shows results by segment. Sales and profit growth were achieved in all Divisional Companies. Details will be given in the following slides. Copyright (C) 2018 Panasonic Corporation All Rights Reserved. 8
Slide 10: Appliances results
Let’s start with the results of Appliances based on consolidated production and sales. Sales in real terms, excluding the effect of exchange rates, stayed at the same level as last year. Sales showed stable growth in Air-Conditioner, Commercial Refrigeration & Food Equipment, and Small & Built
Slide 11: Eco Solutions results
Next, let’s look at Eco Solutions. Sales increased by 4% from last year in real terms, excluding the effect of exchange rates. In particular, in Energy Systems, sales increased significantly in step with the favorable electrical construction materials business in Japan and overseas. Profit g
Slide 12: Connected Solutions results
Next, let’s look at Connected Solutions. Sales increased by 6% from last year in real terms, excluding the effects of exchange rates. In Avionics, sales decreased due to deliveries of in-flight entertainment systems being pushed out from this quarter. Sales increased in Process Automation du
Slide 13: Automotive & Industrial Systems results
Finally, let’s look at Automotive & Industrial Systems. Sales increased by 15% from last year in real terms, excluding the effects of exchange rates. In Automotive, the growth of Automotive Infotainment Systems and the new consolidation of Ficosa, in addition to favorable sales of ADAS-related
Slide 14: FY18 full-year forecast
Now, I will explain our FY18 full-year forecast. Copyright (C) 2018 Panasonic Corporation All Rights Reserved. 13
Slide 15: Upward revision of full-year forecast
Sales will be revised upward by 150.0 billion yen from the original forecast to 7,950.0 billion yen, mainly driven by Automotive. Operating profit will be revised upward by 15.0 billion yen to 350.0 billion yen, with contributions from Industrial and other businesses. Net profit will be revise
Slide 16: Analysis of sales forecast revisions
This chart shows our analysis of the sales forecast revisions. Automotive saw sales expansion in Automotive Infotainment Systems in Japan and the U.S., as well as stable growth in Ficosa. Industrial saw a significant sales expansion mainly in Electromechanical Control, through its shift to aut
Slide 17: Revisions of operating profit forecasts
Next, I’ll discuss our revisions of the operating profit forecasts. Other income/loss is improved by 5.0 billion yen due mainly to revised provision for legal-related expenses. Profit generated from business will be revised upward by 10.0 billion yen, mainly driven by increased profit from the
Slide 18: Operating profit improvement from last year
This chart shows improvements in operating profit from last year. Other income/loss is expected to improve by 21.8 billion yen from last year as a result of improvement efforts. Profit generated from business is expected to increase by 51.4 billion yen from last year. Steady growth can be seen
Slide 19: Forecast revisions by segment
This slide shows revisions by segment. For Appliances, sales will be revised upward. However, operating profit will be revised downward, due mainly to cost hikes for raw materials. For Connected Solutions, sales and operating profit will be revised upward due mainly to the favorable situation
Slide 20: Forecast revisions for TV and large-scale BDs
This slide shows revisions to the forecasts for TV and six large-scale BDs. Automotive Infotainment Systems sales will be revised upward. However, operating profit will be revised downward due to one-off losses and additional costs needed for launching a vertical take-off for new products. Measu
Slide 21: Annual dividends forecast
Finally, let me give our annual dividends forecast. In line with the upward revision of net profit announced today, the forecast of this fiscal year’s annual dividends will be 30 yen, which is 5 yen higher than the previous year. Copyright (C) 2018 Panasonic Corporation All Rights Reserved. 20
Slide 22: Thank you for your continuous support and understanding
Thank you for your continuous support and understanding. Copyright (C) 2018 Panasonic Corporation All Rights Reserved. 21
Slide 23: Copyright (C) 2018 Panasonic Corporation All Rights Reserved.
Copyright (C) 2018 Panasonic Corporation All Rights Reserved. 22
Slide 24: Copyright (C) 2018 Panasonic Corporation All Rights Reserved.
Copyright (C) 2018 Panasonic Corporation All Rights Reserved. 23
Slide 25: Copyright (C) 2018 Panasonic Corporation All Rights Reserved.
Copyright (C) 2018 Panasonic Corporation All Rights Reserved. 24
Slide 26: Copyright (C) 2018 Panasonic Corporation All Rights Reserved.
Copyright (C) 2018 Panasonic Corporation All Rights Reserved. 25
Slide 27: Copyright (C) 2018 Panasonic Corporation All Rights Reserved.
Copyright (C) 2018 Panasonic Corporation All Rights Reserved. 26
Slide 28: Copyright (C) 2018 Panasonic Corporation All Rights Reserved.
Copyright (C) 2018 Panasonic Corporation All Rights Reserved. 27
Slide 29: Copyright (C) 2018 Panasonic Corporation All Rights Reserved.
Copyright (C) 2018 Panasonic Corporation All Rights Reserved. 28
Slide 30: Copyright (C) 2018 Panasonic Corporation All Rights Reserved.
Copyright (C) 2018 Panasonic Corporation All Rights Reserved. 29
Slide 31: Copyright (C) 2018 Panasonic Corporation All Rights Reserved.
Copyright (C) 2018 Panasonic Corporation All Rights Reserved. 30
Slide 32: Copyright (C) 2018 Panasonic Corporation All Rights Reserved.
Copyright (C) 2018 Panasonic Corporation All Rights Reserved. 31
Slide 33: Copyright (C) 2018 Panasonic Corporation All Rights Reserved.
Copyright (C) 2018 Panasonic Corporation All Rights Reserved. 32
Slide 34: Copyright (C) 2018 Panasonic Corporation All Rights Reserved.
Copyright (C) 2018 Panasonic Corporation All Rights Reserved. 33
Slide 35: Copyright (C) 2018 Panasonic Corporation All Rights Reserved.
Copyright (C) 2018 Panasonic Corporation All Rights Reserved. 34
Slide 36: Copyright (C) 2018 Panasonic Corporation All Rights Reserved.
Copyright (C) 2018 Panasonic Corporation All Rights Reserved. 35