Aisin Corporation · TSE:7259
Aisin — AISIN SEIKI — Q1 FY2020 Earnings Presentation
22 slides from Aisin's earnings presentation, Jul 31, 2019
Slide 1: FY2020 1st Quarter Consolidated Financial Results
FY2020 1st Quarter Consolidated Financial Results July 31st, 2019 AISIN SEIKI Co., Ltd. The forecasts included in this document are based on information that the Company has obtained at the time of this disclosure and certain assumptions that the Company considers reasonable. The Company does not gu
Slide 2: Contents
Contents 1.Consolidated Financial Results P.2-7 (FY2020 1st Quarter) 2.Consolidated Financial Forecast P.8-13 (FY2020 2nd Quarter- 6 months) 3.Reference Information P.14-21 1/21
Slide 3: 1. Consolidated Financial Results (FY2020 1st Quarter)
1.Consolidated Financial Results (FY2020 1st Quarter) 2/21
Slide 4: FY2020 1st Quarter Overview of Financial Results
FY2020 1st Quarter Overview of Financial Results 1. Revenue for FY2020 1st Quarter decreased due to unfavorable Automatic Transmission sales in China. 2. Operating profit for FY2020 1st Quarter decreased due to the decrease of sales and increase of depreciation cost by advanced investment, in spite
Slide 5: Consolidated Financial Results (FY2020 1st Quarter)
Consolidated Financial Results (FY2020 1st Quarter) FY2019 1Q FY2020 1Q Change Rate to Rate to (Billion yen) Results Revenue % Results Revenue % Amount % Revenue 1,007.9 - 963.0 - -44.9 -4.5 Operating Profit 64.8 6.4 25.5 2.7 -39.3 -60.6 Profit before income taxes 72.9 7.2 29.1 3.0 -43.8 -60.1 Profi
Slide 6: Sales by Customer (FY2020 1st Quarter)
Sales by Customer (FY2020 1st Quarter) FY2019 1st Quarter Revenue Other Auto Makers sales breakdown Life & others (Billion yen) (Billion yen) 28.2 Chinese OEMs Total 416.0 70.0 ⇒39.1(-30.9) (2.8%) 400 Other -86.5 Toyota 106.6 Auto Makers 350 416.0 1,007.9 Group 329.5 (41.3%) 563.6 (55.9%) 300 21.5 O
Slide 7: Segment Information (FY2020 1st Quarter)
Segment Information (FY2020 1st Quarter) Revenue (-44.9) Operating Profit (-39.3) (Billion yen) -20.3 FY2019 1Q FY2020 1Q (Billion yen) FY2019 1Q FY2020 1Q 600 576.3 FX Other FX Other Impact factors 40 Impact factors 556.0 -26.0 Japan - -20.3 Japan -1.0 -25.0 North America 34.2 North America ±0.0 -0
Slide 8: Fluctuations for Operating Profit (FY2020 1st Quarter)
Fluctuations for Operating Profit (FY2020 1st Quarter) FY2019 1Q / FY2020 1Q (Billion yen) 64.8 Operating Profit -30.0 +0.5 +6.5 -5.4 -0.1 material price Change of Depreciation -9.4 Sales fluctuation improvement Cost structure R&D cost 26.9 -1.4 & others Fixed cost 25.5 FX impact non-ordinary factor
Slide 9: 2. Consolidated Financial Forecast (FY2020 2nd Quarter- 6 months)
2.Consolidated Financial Forecast (FY2020 2nd Quarter- 6 months) 8/21
Slide 10: Consolidated Financial Forecast (FY2020 2nd Quarter)
Consolidated Financial Forecast (FY2020 2nd Quarter) FY2019 2Q FY2020 2Q Change FY2020 2Q (Billion yen) Rate to Rate to Forecast in Rate to Results Revenue % Forecast Revenue % Amount % April Revenue % Revenue 1,994.4 - 1,910.0 - -84.4 -4.2 1,980.0 - Operating Profit 123.2 6.2 50.0 2.6 -73.2 -59.4 7
Slide 11: Forecast of Sales by Customer
Forecast of Sales by Customer (FY2020 2nd Quarter) FY2019 2nd Quarter Revenue Other Auto Makers sales breakdown Life & others (Billion yen) (Billion yen) Chinese OEMs Total 60.2 810.0 139.8 ⇒ 63.0 (-76.8) (3.0%) 800 -158.0 Other Toyota Auto Makers 238.0 652.0 1,994.4 Group 810.0 (40.6%) 1,124.2 600
Slide 12: Forecast of Segment Information
Forecast of Segment Information (FY2020 2nd Quarter) Revenue (-84.4) Operating Profit (-73.2) (Billion yen) FY2019 2Q FY2020 2Q (Billion yen) FY2019 2Q FY2020 2Q -41.2 1,200 80 -49.4 FX Other FX Other 1,153.2 Impact factors Impact factors 1,112.0 70.4 Japan -4.7 -44.7 Japan - -41.2 70 1,000 North Am
Slide 13: Forecast of Fluctuations for Operating Profit
Forecast of Fluctuations for Operating Profit (FY2019 2Q / FY2020 2Q) FY2019 2Q / FY2020 2Q (Billion yen) 123.2 Operating Profit -52.5 +1.6 +14.5 -11.4 material price Change of -1.2 Depreciation Sales fluctuation improvement Cost structure R&D cost -18.5 -5.7 & others Fixed cost 55.7 FX impact 50.0
Slide 14: Forecast of Fluctuations for Operating Profit (April vs Latest forecast)
Forecast of Fluctuations for Operating Profit (FY2020 2Q (Forecast in April) / FY2020 2Q (Latest forecast)) FY2020 2Q (Forecast in April) / FY2020 2Q (Latest forecast) (Billion yen) 70.0 (Forecast in April) Operating Profit -19.5 +1.0 +1.2 +0.5 +1.1 54.3 -4.3 & others Fixed cost Depreciation materia
Slide 15: 3. Reference Information
3.Reference information 14/21
Slide 16: Toyota car production
Toyota car production Toyota Domestic Toyota Oversea Toyota Global production production production (10,000 Unit) 4Q 3Q 909 892 906 2Q 1Q 225 220 226 596 578 591 144 137 136 227 234 232 462 151 151 155 313 314 315 292 231 223 222 229 81 83 90 170 148 147 149 144 76 81 79 83 76 73 85 226 224 233 217
Slide 17: Sales Number
Sales Number AT sales MT sales (10,000 Unit) (10,000 Unit) 983 999 1,000 869 200 165 164 258 247 151 800 150 234 39 40 33 600 258 246 445 224 100 45 48 36 400 246 56 207 234 219 39 34 39 200 50 28 204 233 260 226 42 42 43 0 28 0 FY2017 FY2018 FY2019 FY2020 FY2017 FY2018 FY2019 FY2020 （2Q Forecast） （
Slide 18: Financial Results of the Main Consolidated Companies I
Financial Results of the Main Consolidated Companies Ⅰ AISIN SEIKI Group (Billion yen) 4.9% ◆ 4.4% 3.8% （2Q Forecast in April） (Billion yen) ◆ Revenue 873.0 ◆ Operating Profit 27.0 120 2,000 1,776.2 1,641.9 1,782.6 ◆ 2.7% 1,500 80.5 78.0 90 67.0 1,000 860.0 60 2Q 428.2 500 23.0 30 1Q 431.8 13.8 0 9.
Slide 19: Financial Results of the Main Consolidated Companies II
Financial Results of the Main Consolidated Companies Ⅱ AISIN Takaoka Group (Billion yen) (Billion yen) 4.5% 4.2% （2Q Forecast in April） ◆ 4.1% ◆ Revenue 159.6 ◆ Operating Profit 5.9 30 400 320.7 3.4% 295.7 300 273.0 ◆ 20 200 12.3 11.9 13.5 158.6 10 2Q 77.5 100 5.4 1Q 81.1 3.1 0 2.3 0 FY2017 FY2018 F
Slide 20: Quarterly Performance
Quarterly Performance Revenue (10,000 Unit) (Billion yen) 1,800 226 231 227 225 232 224 234 226 233 229 250 217 223 220 222 200 1,200 1,023.5 1,030.2 1,007.9 986.5 1,018.9 1,029.7 963.0 907.5 957.5 917.0 938.0 946.9 838.6 858.8 150 600 100 50 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q (forecast)
Slide 21: Half Yearly Performance
Half Yearly Performance Revenue (10,000 Unit) (Billion yen) 3,000 457 452 440 452 446 460 462 480 2,400 2,053.8 1,994.4 2,048.6 360 1,865.0 1,855.1 1,910.0 1,697.5 1,800 240 1,200 600 120 0 0 1st H 2nd H 1st H 2nd H 1st H 2nd H 1st H (forecast) FY2017 FY2018 FY2019 FY2020 Operating Profit (Billion 2
Slide 22: Dividend per Share
Dividend per Share * The results of FY2015 are based on JGAAP and the others are based on IFRS. FY2020 FY2015 FY2016 FY2017 FY2018 FY2019 (Forecast) Dividend Interim 45 50 50 60 60 60 (yen) Year-end 50 50 75 90 90 90 Total 95 100 125 150 150 150 Dividend Payout Ratio 34.7% 28.2% 28.1% 30.6% 36.7% 47