Toyota Boshoku Corp. · TSE:3116
Toyota Boshoku — Q3 FY2018 Earnings Presentation
16 slides from Toyota Boshoku's earnings presentation, February 2018
Slide 1: 3rd Quarter FY2018 Financial Results
rd 3 Quarter FY2018 Financial Results ended Dec. 31, 2017
Slide 2: 1. 3rd Quarter FY2018 Financial Results 2. FY2018 Financial Forecasts
1. 3rd Quarter FY2018 Financial Results 2. FY2018 Financial Forecasts
Slide 3: 1-1) Overview of 3rd Quarter Financial Results
1-1) Overview of 3rd Quarter Financial Results <Q3 FY2018 Financial Results> Operating income was lower than the previous year mainly due to higher labor costs & overhead costs for new product R&D & action for our future plan in spite of higher sales due to volume increase in China & Europe. <FY2018
Slide 4: 1-2) Overview of Financial Results
1-2) 3rd Quarter FY2018 Financial Results Overview of Financial Results (100 million yen) Q3 FY2017 Q3 FY2018 YOY Change Net Sales 10,007 100% 10,330 100% 322 3.2% Operating Income 528 5.3% 494 4.8% -33 -6.3% Ordinary Income 548 5.5% 518 5.0% -29 -5.4% Profit* 276 2.8% 285 2.8% 8 3.1% Earnings Per S
Slide 5: 1-3) Unit Production by Region
1-3) 3rd Quarter FY2018 Financial Results Unit Production by Region Seat Assembly Production Total By Region (10,000 Units) (10,000 Units) YOY Change Pct Change Q3 Q3 +16 FY17 FY18 +3.0% 537 553 -1 -0.5% +4 -1 +2.3% -0.9% +15 234 233 +28.1% 164 167 88 87 52 67 Q3 Q3 The Asia & Europe & Japan FY2017
Slide 6: 1-4) Net Sales & Operating Income by Region (Japan, The Americas)
1-4) 3rd Quarter FY2018 Financial Results Net Sales & Operating Income by Region Japan The Americas Income Variance ¥-58(100M) Income Variance ¥-24(100M) -Higher Sales Due to Model Mix Change -Higher Sales Due to Forex Impact -Higher Labor & Overhead Costs for New -Lower Profit Due to Model Mix Chan
Slide 7: 1-4) Net Sales & Operating Income by Region (Asia & Oceania, Europe & Africa)
1-4) 3rd Quarter FY2018 Financial Results Net Sales & Operating Income by Region Asia & Oceania Europe & Africa Income Variance ¥-1(100M) Income Variance ¥+53(100M) -Higher Sales Due to Forex Impact -Unprofitable Business Cut Off -Loss of One-time Profit Accrued in FY2017 -Volume Increase of New Mod
Slide 8: 1-5) Operating Income Variance Analysis
1-5) 3rd Quarter FY2018 Financial Results Operating Income Variance Analysis (100 million yen) Operating Income -33(-6.3%) +35 -11 +5 -82 528 Model & New +24 -4 494 Volume Product Mix Models -95 +95 Increase (Value Others Changes in FOREX Improve- Product ment) Prices Increased Cost Overhead Reducti
Slide 9: 1. 3rd Quarter FY2018 Financial Results 2. FY2018 Financial Forecasts
1. 3rd Quarter FY2018 Financial Results 2. FY2018 Financial Forecasts
Slide 10: 2-1) FY2018 Financial Forecasts
2-1) FY2018 Financial Forecasts FY2018 Financial Forecasts (100 million yen) FY2018 FY2018 YOY Change (Previous) (Latest) FY2017 (17 vs. 18 Latest) Net Sales 13,500 100% 13,900 100% 13,579 100% +320 +2.4% Operating Income 630 4.7% 660 4.7% 719 5.3% -59 -8.3% Ordinary Income 640 4.7% 690 5.0% 772 5.7
Slide 11: 2-2) Unit Production by Region
2-2) FY2018 Financial Forecasts Unit Production by Region Seat Assembly Production Total By Region (10,000 Units) (10,000 Units) +12 YOY Change +1.7% Pct Change FY17 FY18 726 739 +0 +0.0% +1 +0.3% -3 316 316 -2.5% +14 218 219 +19.2% 118 115 75 89 The Asia & Europe & FY2017 FY2018 Japan Americas Ocea
Slide 12: 2-3) Net Sales & Operating Income by Region (Japan, The Americas)
2-3) FY2018 Financial Forecasts Net Sales & Operating Income by Region Japan The Americas Income Variance ¥-50(100M) Income Variance ¥-27(100M) -Higher Profit Due to New Products & Value -Model & Product Mix Change & Start-up Improvement by Seat Grade Addition Costs for New Products -Higher Labor &
Slide 13: 2-3) Net Sales & Operating Income by Region (Asia & Oceania, Europe & Africa)
2-3) FY2018 Financial Forecasts Net Sales & Operating Income by Region Asia & Oceania Europe & Africa Income Variance ¥-21(100M) Income Variance ¥+42(100M) -Unprofitable Business Cut Off -Model Mix Change Mainly in China -Volume Increase of New Models -Loss of One-time Profit Accrued in FY2017 Launc
Slide 14: 2-4) Operating Income Variance Analysis
2-4) FY2018 Financial Forecasts Operating Income Variance Analysis (100 million yen) Operating Income -59(-8.3%) +42 -96 719 Volume +13 -123 +28 -4 660 Increase +149 Model & New Others Product Mix Models FOREX (Value -68 Improve- Changes in ment) Product Prices Increased Cost One-time Profit -34 Ove
Slide 15: 2-5) FY2018 Financial Forecasts by Half Year
2-5) FY2018 Financial Forecasts by Half Year Net Sales (100 million yen) FY2018 Forecasts 1st Half (Actual) 2nd Half Full Year Japan 3,485 4,115 7,600 The Americas 1,440 1,360 2,800 Asia & Oceania 1,720 1,580 3,300 Europe & Africa 468 532 1,000 Consolidation 6,723 7,177 13,900 Operating Income (100
Slide 16: Disclaimer
Disclaimer This report contains forecasts and expectations that relate to future plans and strategies in addition to the expected financial results of the Toyota Boshoku Corporation and the Toyota Boshoku group. Within are estimates based on assumptions and opinions that have been formed by the comp