Aisin Corporation · TSE:7259
Aisin — AISIN SEIKI — FY2016 Q3 Earnings Presentation
19 slides from Aisin's earnings presentation, Feb 3, 2016
Slide 1: FY2016 3rd quarter Consolidated Financial Report
FY2016 3rd quarter Consolidated Financial Report (April 1, 2015 through December 31 , 2015) February 3, 2016 AISIN SEIKI Co., Ltd. (http://www.aisin.com/) － 1 －
Slide 2: FY2016 3rd quarter Overview of Financial Results
FY2016 3rd quarter Overview of Financial Results ①Sales increased comparing to last year due to such factors as favorable sales of classy and large cars in North America and Chinese robust market with the effect of tax cuts of small cars. Besides that, we have increased volume of AT sales to Europea
Slide 3: Consolidated Operating Results (FY2016 3Q – 9 months)
Consolidated Operating Results ( FY2016 3Q – 9 months) Billion ｙen Net Sales Operating Income Net Income +15.1 + 211.9 billion yen +8.7 （ +9.7%） 115.5 124.2 57.1 72.2 FY2015 3Q FY2016 3Q FY2015 3Q FY2016 3Q 2,403.2 2,191.3 Ordinary Income EPS +3.5 142.3 255.29yen 138.8 202.58yen FY2015 3Q FY2016 3Q
Slide 4: Sales by Customer (FY2016 3Q – 9 months)
Sales by Customer ( FY2016 3Q – 9 months) Billion ｙen FY2015 3Q 【 Sales 2,191.3】 Other Manufacturers sales breakdown Life & others 700 79.2 816.4 Toyota 239.3 Ａ/Ｍ & Others Group 600 716.5 Other 1,395.4 210.9 25.6 Changan Manufacturers 33.2 GM 500 12.0 35.4 HONDA 716.5 63.7% 17.5 33.6 35.8 SUZUKI 40.
Slide 5: Segment Information (FY2016 3Q – 9 months)
Segment Information ( FY2016 3Q – 9 months) Billion ｙen Operating Income Billion億円 ｙen Net Sales 800 FY2015 3Q 600 700 1,354.1 FY2016 3Q FY2015 3Q 1,346.0 91.0 FY2016 3Q 500 600 75.4 500 400 430.0 35.2 418.8 400 355.2 300 326.6 300 200.2 200 16.8 200 163.4 10.8 100 100 5.1 3.5 2.3 0 0 Japan North Eu
Slide 6: Fluctuations for Ordinary Income (FY2016 3Q – 9 months)
Fluctuations for Ordinary Income ( FY2016 3Q – 9 months) Billion ｙen 【FY2015 3Q / FY2016 3Q】 Increase +3.5 Increase Decrease +53.5 138.8 → 142.3 -50.0 10.5 Sales fluctuation Cost structure 19.0 improvement Forex rate 21.0 1US$ ： ￥107 →￥122 1EUR ： ¥140 →￥135 Change of 3.0 material price Depreciation
Slide 7: Consolidated Operating Forecast (FY2016 – 12 months)
Consolidated Operating Forecast ( FY2016 – 12 months) ※Due to a change of accounting policy, the results of FY2015 reflects some retroactive adjustments. Billion ｙen Net Sales Operating Income Net Income + 235.4billion ｙen +8.9 +16.5 （ +7.9%） 166.1 175.0 77.5 94.0 3,200.0 FY2015 FY2016 FY2015 FY2016
Slide 8: Forecast of Sales by Customer (FY2016 – 12 months)
Forecast of Sales by Customer ( FY2016 – 12 months) Billion ｙen FY2015 【Sales 2,964.6】 Other Manufacturers sales breakdown Life & others 900 1,086.0 978.3 299.4 3,120 104.9 Toyota Ａ/Ｍ & Others 800 ISUZU Group 2,925 275.8 32.7 Other 47.4 HONDA Manufacturers 1,881.3 700 31.7 49.5 SUZUKI 45.4 50.2 978.
Slide 9: Forecast of Segment Information (FY2016 – 12 months)
Forecast of Segment Information ( FY2016 – 12 months) Billion ｙen 億円 Billion ｙen Net Sales Operating Income 1,000 FY2015 140 FY2015 FY2016 FY2016 1,798.9 1,791.0 800 120 129.9 105.0 100 600 563.0 575.0 489.3 80 451.5 400 60 49.2 271.0 224.7 40 200 24.3 20 17.7 10.8 3.4 3.1 0 0 Japan North Europe Asi
Slide 10: Forecast of Fluctuations for Ordinary Income (FY2016 – 12 months)
Forecast of Fluctuations for Ordinary Income ( FY2016 – 12 months) 【FY2015 / FY2016】 Billion ｙen Increase +1.7 Increase Decrease +72.5 188.3→ 190.0 -70.8 17.5 Sales fluctuation Cost structure 28.5 improvement Forex rate 21.0 1US$ ： ￥110 →￥121 1EUR ： ￥138 →￥134 Change of 5.5 material price Depreciati
Slide 11: Financial Results of the Main Consolidated Companies I
Financial Results of the Main Consolidated Companies I Billion ｙen AISIN SEIKI Group 180 1,508.0 150 1,353.6 1,402.5 1,500 1,195.7 3Q Sales 120 1,076.6 <1,114.7> Operating income 90 100.9 1,000 Ordinary income 84.5 60 69.3 72.5 Sales 56.4 59.2 59.3 84.7 500 42.6 52.4 48.1 30 3Q Income 43.3 0 0 FY201
Slide 12: Financial Results of the Main Consolidated Companies II
Financial Results of the Main Consolidated Companies Ⅱ AISIN Takaoka Billion ｙen Group 20 247.4 263.8 276.7 300 215.4 3Q Sales 194.4 <206.7> Operating income 200 Ordinary income 10 11.2 12.3 12.5 9.5 11.2 Sales 8.7 8.9 9.3 9.0 8.8 100 6.5 6.8 3Q Income 0 0 FY2012 FY2013 FY2014 FY2015 FY2016(Forecast
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> Billion億円 ｙen 511.5 527.3 552.0 600 384.3 447.2 3Q Sales 20 Operating income <413.3> 400 Ordinary income 12.8 14.1 14.0 15.3 Sales 10 11.6 10.5 10.0 9.6 200 4.8 5.1 7.2 7.0 3Q Income 0 0 FY2012 FY2013 FY2014 FY201
Slide 14: Capital Expenditure / Depreciation
Capital Expenditure Depreciation Billion ｙen 250 200 195.0 139.2 149.0 161.0 150 137.7 100 Capital Expenditure 350 Other Overseas 315.0 ＡＨＡ－Ｇ 300 Other Domestic 250 247.8 200 195.0 204.7 28.6 ADVICS－Ｇ AISIN ＡＷ－Ｇ 150 150.7 25.8 128.0 AISIN SEIKI 100 11.4 13.1 8.2 78.8 50 52.9 66.6 74.8 26.8 29.3 25.7
Slide 15: R&D Expenditure
R & D Expenditure R & D Expenditure / Net Sales ％ 8.0 7.0 6.0 5.3 ％ 5.3 ％ 5.1 ％ 5.0 ％ 5.0 ％ 5.0 4.0 R & D Expenditure Billion ｙen 200 149.1 160.0 150 135.0 144.3 Others 121.4 55.4 61.0 AISIN ＡＷ-Ｇ 100 52.9 52.4 49.0 19.5 19.0 19.7 ADVICS 15.7 19.3 50 48.2 53.5 60.6 63.7 66.5 AISIN SEIKI 0 FY2012 FY20
Slide 16: Production
Production 10,000 of units ＡＴ Production ＭＴ Production 750 658 687 740 545 214 626 164 161 144 159 546 388 150 500 308 331 347 2nd H 80 84 121 81 2nd H 100 73 250 318 327 340 352 50 84 77 78 1st H 1st H 71 0 (Forecast) 0 (Forecast) FY2013 FY2014 FY2015 FY2016 FY2013 FY2014 FY2015 FY2016 Navigation S
Slide 17: TOYOTA Motors Production
TOYOTA Motors Production TOYOTA Motors Production 10,000 of units 901 899 898 859 800 330 329 313 323 Domestic Production 400 529 572 586 575 Overseas Production 0 (Forecast) FY2013 FY2014 FY2015 FY2016 － 17 －
Slide 18: Foreign Currency Exchange Rate
Foreign Currency Exchange Rate Foreign Exchange Rate 145 135yen 138yen 134yen 120 107yen 110yen 100yen 121yen EUR 95 83yen USD 70 CNY 25 19.2yen 20 16.5yen 18.0yen THB 15 13.1yen 10 3.2yen 3.4yen 3.5yen 5 2.6yen Exchange 0 Rate after January Impacts on Operating Income 1USD 120 yen 1EUR Forex Impact
Slide 19: Quarterly Performance
Quarterly Performance TOYOTA Motors Production(10,000 of units） Net Sales 224 224 224 226 227 223 231 224 221 219 232 Billion ｙen 221 226 220 220 1, 000 195 843.4 773.2 771.7 788.0 796.7 800 699.5 687.4 714.8 720.3 707.0 727.8 756.4 655.5 636.3 639.9 598.0 600 400 200 120 Billion ｙen Operating 7.0%