Aisin Corporation · TSE:7259
Aisin — AISIN SEIKI — Q1 FY2018 Earnings Presentation
21 slides from Aisin's earnings presentation, Jul 28, 2017
Slide 1: FY2018 1st Quarter Consolidated Financial Results
FY2018 1st Quarter Consolidated Financial Results July 28th, 2017 AISIN SEIKI Co., Ltd.
Slide 2: Contents
Contents 1.Consolidated Operating Results P.2-7 (FY2018 1st Quarter) 2.Consolidated Operating Forecast P.8-13 (FY2018 2nd Quarter- 6 months) 3.Reference Information P.14-20 1
Slide 3: 1. Consolidated Operating Results (FY2018 1st Quarter)
1.Consolidated Operating Results (FY2018 1st Quarter) 2
Slide 4: FY2018 1st Quarter Overview of Financial Results
FY2018 1st Quarter Overview of Financial Results 1. Revenue increased compared to last year due to favorable AT and Body parts sales, and the contribution of newly consolidated Art Metal Mfg. Co., Ltd. group. 2. Operating profit decreased , due to the rise in material price and the increase of depre
Slide 5: Consolidated Operating Results (FY2018 1st Quarter)
Consolidated Operating Results (FY2018 1st Quarter) FY2017 1Q FY2018 1Q Change Rate to Rate to Results Results Amount % (Billion yen) sales % sales % Revenue 838.6 - 917.0 - +78.4 +9.3 Operating Profit 59.0 7.0 53.5 5.8 -5.5 -9.3 Profit before income taxes 56.9 6.8 60.0 6.6 +3.1 +5.6 Profit for the
Slide 6: Sales by Customer (FY2018 1st Quarter)
Sales by Customer (FY2018 1st Quarter) FY2017 1st Quarter Revenue Other Auto Makers sales breakdown Life & others (Billion yen) (Billion yen) Chinese OEMs Total 27.6 24.3⇒49.7(+25.4) 400 (3.3%) Other Toyota 350 348.7 Auto Makers Group +49.6 A/M & 838.6 299.1 511.8 299.1 Others 300 100.7 +22.0 (35.7%
Slide 7: Segment Information (FY2018 1st Quarter)
Segment Information (FY2018 1st Quarter) Revenue (+ 78.4) Operating Profit (- 5.5) (Billion yen) FY2017 1Q FY2018 1Q FY2017 1Q FY2018 1Q +62.8 (Billion yen) 600 FX Other 40 -2.7 FX Other Impact factors Impact factors 533.5 Japan - +62.8 35.6 Japan +0.8 -3.5 500 North 32.9 North +0.0 -2.9 470.7 Ameri
Slide 8: Fluctuations for Operating Profit (FY2018 1st Quarter)
Fluctuations for Operating Profit (FY2018 1st Quarter) FY2017 1Q / FY2018 1Q *Gain from stock swap with SHIROKI Corporation -19.5 +6.0 -5.0 -4.6 material price Change of improvement Cost structure (Billion yen) Depreciation 59.0 -19.5 +16.5 -4.5 +0.7 53.5 52.8 R&D others FX impact Operating Profit (
Slide 9: 2. Consolidated Operating Forecast (FY2018 2nd Quarter- 6 months)
2.Consolidated Operating Forecast (FY2018 2nd Quarter- 6 months) 8
Slide 10: Consolidated Operating Forecast (FY2018 2nd Quarter- 6 months)
Consolidated Operating Forecast (FY2018 2nd Quarter- 6 months) FY2017 2Q FY2018 2Q Change FY2018 2Q Rate to Rate to Disclosed Rate to (Billion yen) Results Forecast Amount % on Apr 28th sales % sales % sales % Revenue 1,697.5 - 1,840.0 - +142.5 +8.4 1,780.0 - Operating Profit 94.8 5.6 103.0 5.6 +8.2
Slide 11: Forecast of Sales by Customer
Forecast of Sales by Customer (FY2018 2nd Quarter- 6 months) FY2017 2Q Revenue Other Auto Makers sales breakdown Life & others (Billion yen) (Billion yen) 59.2 Chinese OEMs Total 800 52.4⇒103.5(+51.1) (3.4%) Toyota 702.0 +103.6 Other Group A/M & Auto Makers 1,697.5 1,039.9 Others 600 598.4 598.4 (61
Slide 12: Forecast of Segment Information
Forecast of Segment Information (FY2018 2nd Quarter- 6 months) Revenue (+142.5) Operating Profit (+ 8.2) (Billion yen) +94.3 FY2017 2Q FY2018 2Q (Billion yen) +11.1 FY2017 2Q FY2018 2Q 1,200 70 FX Other FX Other 1,082.0 Impact factors 63.9 Impact factors Japan - +94.3 Japan +4.3 +6.8 1,000 987.7 60
Slide 13: Forecast of Fluctuations for Operating Profit
Forecast of Fluctuations for Operating Profit (FY2018 2nd Quarter- 6 months) FY2017 2Q / FY2018 2Q (Forecast) (Billion yen) +14.0 -11.5 *Gain from stock swap -11.1 material price Change of improvement Cost structure with SHIROKI Corporation -19.5 +21.0 +0.3 +5.4 103.0 Depreciation 97.6 FX impact R&D
Slide 14: Forecast of Fluctuations for Operating Profit
Forecast of Fluctuations for Operating Profit (FY2018 2nd Quarter- 6 months) FY2018 2Q / FY2018 2Q (Forecast in April) (Forecast) (Billion yen) -1.0 +6.5 -2.9 +4.4 103.0 material price Change of FX impact 98.6 Other fixed expense (Forecast) Operating Profit Sales fluctuation 96.0 non-ordinary factor
Slide 15: 3. Reference Information
3. Reference Information AISIN 4 \ GROUP 14
Slide 16: Sales Number
Sales Number AT Sales MT Sales (10,000 Unit) (10,000 Unit) 1,000 869 200 800 737 160 165 687 234 150 144 191 39 39 600 171 475 37 224 100 45 176 194 36 43 79 400 207 242 172 172 50 35 41 39 37 200 168 180 204 233 36 37 42 42 0 0 FY2015 FY2016 FY2017 FY2018 FY2015 FY2016 FY2017 FY2018 (2Q forecast) (
Slide 17: Financial Results of the Main Consolidated Companies I
Financial Results of the Main Consolidated Companies Ⅰ * The results of FY2015 are based on JGAAP and the others are based on IFRS. AISIN SEIKI Group (Billion yen) 4.7% 4.9% (Billion yen) ◆ 3.4% 150 ◆ 2,000 3.3% ◆ 1,641.9 ◆ 120 1,500 1,402.5 1,503.0 80.5 90 70.8 1,000 821.0 48.1 60 406.6 27.0 500 2Q
Slide 18: Financial Results of the Main Consolidated Companies II
Financial Results of the Main Consolidated Companies Ⅱ * The results of FY2015 are based on JGAAP and the others are based on IFRS. AISIN TAKAOKA Group 4.3% 4.5% (Billion yen) (Billion yen) ◆ ◆ 3.2% 3.2% 30 400 ◆ ◆ 300 263.8 275.9 273.0 20 200 11.2 12.3 137.0 8.8 10 100 2Q 68.1 4.4 1Q 68.9 2.3 0 2.1
Slide 19: Financial Results of the Main Consolidated Companies III
Financial Results of the Main Consolidated Companies Ⅲ * The results of FY2015 are based on JGAAP and the others are based on IFRS. ADVICS Group 1.8% 1.7% (Billion yen) ◆ (Billion yen) ◆ 555.4 800 1.1% 20 ◆ ◆ 600 527.3 551.6 1.1% 15 400 9.6 9.2 10 278.9 6.1 2Q 137.8 200 3.0 5 1Q 141.1 1.9 0 1.1 0 FY
Slide 20: Quarterly Performance
Quarterly Performance * The results of FY2015 are based on JGAAP and the others are based on IFRS. Revenue (10,000 Unit) (Billion yen) 231 223 232 226 227 225 250 223 222 220 220 215 231 217 222 1,200 907.5 957.5 917.0 923.0 200 1,000 858.8 792.2 843.5 838.9 838.6 727.8 756.4 773.2 771.2 800 707.0 1
Slide 21: Dividend per Share
Dividend per Share * The results before FY2015 are based on JGAAP and the others are based on IFRS. FY2018 FY2013 FY2014 FY2015 FY2016 FY2017 (Forecast) Interim 25 35 45 50 50 - Dividend (yen) Year-end 50 60 50 50 75 - Total 75 95 95 100 125 125 Dividend Payout Ratio 27.3% 29.7% 34.6% 28.2% 28.1% 30