Aisin Corporation · TSE:7259
Aisin — Aisin Seiki — Q1 FY2016 Earnings Presentation
15 slides from Aisin's earnings presentation, Jul 31, 2015
Slide 1: FY2016 1st quarter Consolidated Financial Report
FY2016 11stst quarter FY2016 quarter Consolidated Financial Report (April (April 1, 1, 2015 2015 through through June June 30, 30, 2015) 2015) July July 31, 31, 2015 2015 AISIN AISIN SEIKI SEIKI Co., Co., Ltd. Ltd. (http://www.aisin.com/) － 1 －
Slide 2: FY2016 1st quarter Overview of Financial Results
FY2016 1st quarter Overview of Financial Results ①Though TOYOTA Motors domestic production volume slightly decreased with major model change ahead, total sales increased from last year due to an increase of AT production volume in North America and China, and foreign exchange gain. ②Operating income
Slide 3: Consolidated Operating Results (FY2016 1Q – 3 months)
Consolidated Operating Results ( FY2016 1Q – 3 months) Billion ｙen Net Net Sales Sales Operating Operating Income Income Net Net Income Income + 64.7billion yen （（ +9.2%） +9.2%）） +9.2% +9.2%） -4.6 -1.5 38.4 33.8 23.8 22.3 FY2015 1Q FY2016 1Q FY2015 1Q FY2016 1Q 771.7 707.0 Ordinary Ordinary Income I
Slide 4: Sales by Customer (FY2016 1Q – 3 months)
Sales by Customer ( FY2016 1Q – 3 months) Billion ｙen FY2015 1Q 【Sales 707.0】 707.0】 Other Manufacturers sales breakdown Life & others 250 268.0 24.7 Toyota Ａ/Ｍ & Others Group 230.9 80.5 451.3 200 Other 67.6 GM Manufacturers Manufac turers 8.8 63.8% 9.6 ISUZU 11.2 HONDA 230.9 5.3 6.6 11.8 BMW 150 10
Slide 5: Segment Information (FY2016 1Q – 3 months)
Segment Information ( FY2016 1Q – 3 months) Net Billion ｙen Operating Operating Income Income Billion億円 ｙen Net Sales Sales FY2015 1Q FY2015 1Q 300 FY2016 1Q 435.7 25 FY2016 1Q 427.2 28.9 250 20 18.7 200 15 145.4 150 133.6 116.6 98.8 10 100 7.8 65.3 55.8 5.1 5.1 5 3.1 50 1.0 0.9 0 0 Japan North Euro
Slide 6: Fluctuations for Ordinary Income (FY2016 1Q – 3 months)
Fluctuations for Ordinary Income ( FY2016 1Q – 3 months) Billion ｙen 【FY2015 1Q / FY2016 1Q】 1Q】 Increase - 3.4 Decrease Decrease +17.3 45.6 → 42.2 -20.7 1.0 Sales fluctuation Cost structure 5.0 improvement Forex rate 10.1 1US$ ： ￥102 →￥122 1EUR ： ¥140 →￥135 1.2 Non- Non-operating Depreciation -7.7
Slide 7: Consolidated Operating Forecast (FY2016 2Q – 6 months)
Consolidated Operating Forecast ( FY2016 2Q – 6 months) Billion ｙen Net Net Sales Sales Operating Operating Income Income Net Net Income Income + 115.2Billion ｙen （（ +8.0%） +8.0%）） +8.0% +8.0%） + 1.5 -1.6 70.5 72.0 36.6 35.0 FY2015 2Q FY2016 2Q FY2015 2Q FY2016 2Q 1,550.0 1,434.8 Ordinary Ordinary I
Slide 8: Forecast of Sales by Customer (FY2016 2Q – 6 months)
Forecast of Sales by Customer ( FY2016 2Q – 6 months) Billion ｙen FY2015 2Q 【 Sales 1,434.8】 1,434.8】 Other Manufacturers sales breakdown Life & others 500 531.0 52.7 Toyota 463.1 Ａ/Ｍ & Others Group 155.6 Other 400 918.9 136.2 Changan Manufacturers Manufac turers 15.6 19.2 ISUZU 463.1 64.0% 6.8 24.2
Slide 9: Forecast of Segment Information (FY2016 2Q – 6 months)
Forecast of Segment Information ( FY2016 2Q – 6 months) Net Billion ｙen Billion億円 ｙen Net Sales Sales Operating Operating Income Income 50 FY2015 2Q FY2015 2Q 5 00 FY2016 2Q FY2016 2Q 893.3 56.0 865.0 40 4 00 40.8 30 3 00 273.0 285.0 228.1 205.8 19.8 20 2 00 127.0 107.4 9.8 9.7 1 00 10 3.1 2.1 1.6 0
Slide 10: Forecast of Fluctuations for Ordinary Income (FY2016 2Q – 6 months)
Forecast of Fluctuations for Ordinary Income ( FY2016 2Q – 6 months) Billion ｙen 【FY2015 2Q / FY2016 2Q】 2Q】 Increase +0.7 Increase Decrease +30.1 81.3→ 81.3→ 82.0 -29.4 Cost structure 12.0 improvement Forex rate 18.1 1US$ ： ￥103→ 103→￥121 1EUR ： ￥139 →￥133 Depreciation -18.6 R&D others -10.0 Non- N
Slide 11: Financial Results of the Main Consolidated Companies I
Financial Results of the Main Consolidated Companies I AISIN SEIKI Group Annual results ←Annual results Billion ｙen 120 1 , 3 5 3 . 6 1 , 4 0 1 . 9 <<1QSales 1QSales 357.0 357.0 >> 1,500 Operating income 90 1,076.6 1,195.7 84.5 Ordinary income 69.3 72.1 734.0 1,000 60 59.2 Sales 56.4 52.4 47.8 30 42
Slide 12: Financial Results of the Main Consolidated Companies II
Financial Results of the Main Consolidated Companies Ⅱ AISIN Takaoka ← Annual results Billion ｙen Group 20 247.4 263.8 300 1QSales 194.4 215.4 < 68.1 > Operating income 200 10 11.2 12.3 12.5 140.0 Ordinary income 9.5 11.2 Sales 8.7 8.9 9.3 100 4.9 5.8 1Q Income 0 2.3 3.4 0 FY2012 FY2013 FY2014 FY201
Slide 13: Financial Results of the Main Consolidated Companies III
Financial Results of the Main Consolidated Companies Ⅲ ADVICS Group 30 <2,772> <3,076> ← Annual results Billion億円 ｙen 527.3 600 511.5 447.2 1QSales 20 384.3 < 133.3 > Operating income 400 Ordinary income 12.8 14.1 14.0 15.3 268.0 10 11.6 Sales 9.6 200 4.8 5.1 6.3 6.5 2.1 2.2 0 0 1Q Income FY2012 FY2
Slide 14: Production
Production 10,000 of units ＡＴ ＡＴ Production Production ＭＴ ＭＴ Production Production 750 658 687 545 164 161 214 626 150 144 500 347 2nd H 80 2 H 308 nd 331 100 84 73 250 50st 1st H 318 327 340 360 1 H 1 H 84 77 71 78 0 (Forecast) 0 (Forecast) FY2013 FY2014 FY2015 FY2016(予想) FY2013 FY2014 FY2015 FY201
Slide 15: Quarterly Performance
Quarterly Performance Net Net Sales Sales TOYOTA Motors Production(10,000 of units） units） Billion ｙen 224 224 224 226 227 223 231 224 221 235 220 220 211 1, 000 195 800 7 5 6. 4 77 2 .6 7 7 1. 7 7 78 .3 69 9 .5 6 8 7. 4 7 14 .8 7 2 0 .3 7 07 .0 7 2 7 .8 6 5 5 .5 6 36 . 3 6 3 9. 9 5 9 8 .0 600 400 2