Aisin Corporation · TSE:7259
Aisin — Q1 FYE2025 Earnings Presentation
18 slides from Aisin's earnings presentation, Jul 31, 2024
Slide 1: Fiscal Year Ended March 31, 2025 1st Quarter Financial Results
For the Fiscal year Ended March 31, 2025 1st Quarter (April 1, 2024 to June 30, 2024) Financial Results July 31, 2024 AISIN CORPORATION For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved.
Slide 2: Overview of FYE2025 1st Quarter Financial Results
Overview of FYE2025 1st Quarter Financial Results Revenue is generally at the same level YoY due to the effect of FX changes and FYE2025 the others, despite a decrease in sales volume of powertrain units for Europe. 1Q Operating profit is also generally at the same level YoY due to the effect of FX
Slide 3: Consolidated Financial Results (FYE2025 1st Quarter)
Consolidated Financial Results (FYE2025 1st Quarter) For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved. 1
Slide 4: FYE2025 1st Quarter Results Financial Summary
FYE2025 1st Quarter Results Financial Summary （ ）shows rate to Revenue % 【 Billion JPY 】 FYE2024 1st Quarter FYE2025 1st Quarter Change Rate Change Results Results ％ Revenue 1,191.7 - 1,184.1 - - 7.6 - 0.6 Operating Profit 34.4 (2.9) 33.7 (2.8) - 0.7 - 2.2 Profit before Income Taxes 54.4 (4.6) 21.9
Slide 5: FYE2025 1st Quarter Revenue by Customer
FYE2025 1st Quarter Revenue by Customer Mobility 【 Billion JPY 】 Energy Solutions and others Revenue by Customer（Other OEMs） FYE2024 1Q FYE2025 1Q Change 1,191.7 1,184.1 Customer Results Results Change Rate (%) 28.2 27.1 Stellantis 71.9 58.5 - 13.4 - 18.6 (2.4%) (2.3%) VW & Audi 48.0 43.5 - 4.5 - 9.
Slide 6: FYE2025 1st Quarter Segment Information
FYE2025 1st Quarter Segment Information FYE2024 1st Quarter Results FYE2025 1st Quarter Results 【 Billion JPY 】 Revenue（YoY- 7.6） Operating Profit（YoY- 0.7） - 21.7 590.8 + 43.9 + 2.2 569.1 281.3 - 2.0 237.4 14.3 - 14.5 12.1 + 5.0 11.8 - 20.4 - 1.6 9.8 147.4 132.9 + 0.7 99.2 116.8121.8 6.9 - 0.8 5.3
Slide 7: FYE2025 1st Quarter Analysis of Operating Profit
FYE2025 1st Quarter Analysis of Operating Profit 【 Billion JPY 】 +13.0 -4.4 34.4 -21.0 33.7 +11.5 +0.2 Cost Structure Investments for FYE2024 1Q Sales & Product FX Impact Materials/ Improvement Human Capital/ FYE2025 1Q Results Mix etc. Logistics Cost ・Structural Reforms the Future Results Sales &Pr
Slide 8: (Ref) FYE2025 Forecast Financial Summary (Disclosed on April 26)
(Ref) FYE2025 Forecast Financial Summary (Disclosed on April 26) （ ）Shows Rate to Revenue % 【 Billion JPY 】 FYE2024 FYE2025 Change Rate Change Results Forecast % Revenue 4,909.5 - 4,920.0 - +10.5 +0.2 Operating profit 143.3 (2.9) 220.0 (4.5) +76.7 +53.4 Profit before Income Taxes 149.8 (3.1) 225.0 (
Slide 9: (Ref) FYE2025 Analysis of Operating Profit (Disclosed on April 26)
(Ref) FYE2025 Analysis of Operating Profit (Disclosed on April 26) 【 Billion JPY 】 +70.0 -14.3 220.0 +63.0 -45.0 -2.0 +5.0 143.3 Cost Structure Investments for FYE2024 One-time cost Sales & Product FX Impact Materials/ Human Capital/ FYE2025 (Quality-related Cost) Mix etc. Improvement Results Logist
Slide 10: Business Progress
Business Progress For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved. 2
Slide 11: Implementation of Capital Policy Aiming to Reduce Capital Costs
Implementation of Capital Policy Aiming to Reduce Capital Costs (Announced June 27th) Diversify shareholder base and increase the number of shareholders who grasp and Secondary support us from a long-term perspective Offering Total amount of the selling price：198,291,645,600yen Number of shares to b
Slide 12: Progress of the 2025 Mid-term Plan (Balance Sheet Reformation)
Progress of the 2025 Mid-term Plan（Generate Capital by Balance Sheet Reformation） Business Assets Cross-Shareholdings Global Inventories Business Asset Reduction Execution of Sale of Global Inventory Reduction （ 64.6BJPY※ in funds generated ） Cross-Shareholdings （ 24.5BJPY in funds generated （ 113.4
Slide 13: Expand Sales of Electrification Products for BEV
Expand Sales of Electrification Products for BEV AISIN Corporation and BMW Group agree on an e-axle production partnership AISIN and the BMW Group have agreed on a strategic partnership. The aim of this partnership is a cooperation in the field of build-to-print e-axle production by AISIN based on a
Slide 14: Reference information
Reference information For the Fiscal year Ended March 31, 2025 1st Quarter Financial Results/ 2024.7.31 / © AISIN CORPORATION All Rights Reserved. 3
Slide 15: Highlights of Financial Performance
Highlights of Financial Performance R&D Expenditure Revenue／Operating Profit／Operating Profit Ratio ／Ratio of R&D Expenditure to Revenue Revenue Operating Profit Operating Profit Ratio R&D Expenditure Ratio of R&D Expenditure to Revenue 【%】 【 Billion JPY 】 【%】 【 Billion JPY 】 4,909.5 4,920.0 218.6 2
Slide 16: Capital Policy
Capital Policy Our core capital policy is to maximize corporate value by maintaining the balance between “financial safety” and “capital efficiency”. We regard capitalization ratio*1 as an important financial index to assess our capital structure, and believe the ratio from 25% to 30% represents opt
Slide 17: Return to Shareholders
Return to Shareholders Our “Return to Shareholders” policy is to achieve steady dividend payout with a dividend payout ratio of around 30%. We also continue considering to repurchase Treasury Stock based on our capitalization ratio and future investment trends. Profit before Income Taxes／ EPS Divide
Slide 18: Note on future predictions
【Note on future predictions 】 Excluding matters related to past and current facts, the business results forecasts and forward-looking estimates, strategies and targets disclosed by the Company are estimates regarding the future. These estimates are formulated from plans, expectations and judgments m