Mitsuba Corporation · TSE:7280
Mitsuba — FY2012 Earnings Presentation
24 slides from Mitsuba's earnings presentation, July 2012
Slide 1: Briefing on Business Results for FY12/3 and Management Strategy
0 Briefing on Business Results for FY12/3 and Management Strategy Presentation Contents 1. Overview of Business Activities 2. Marketing Information July 2012 MITSUBA Corporation
Slide 2: Overview of Business Activities
1 Overview of Business Activities 1. Industry trends 2. Results for FY12/3 3. The 9th Mid-term Management Plan 4. Forecast for FY13/3
Slide 3: Trend of Consolidated/Non-Consolidated Sales and Operating Income
2 JPY in million <<Trend of Consolidated/ Non-Consolidated Sales and Operating Income>> Operating Sales Income Non-consolidated Consolidated Non-consolidated Consolidated sales sales operating income operating income FY08/3 FY09/3 FY10/3 FY11/3 FY12/3 FY13/3 (63th) (64th) (65th) (66th) (67th) (68th)
Slide 4: Industry Trends (1) Actual Sales and Forecast: Automobile
3 1. Industry Trends (1) Actual Sales and Forecast <<Automobile>> Unit: ten thousand cars FY08/3 FY09/3 FY10/3 FY11/3 FY12/3 FY13/3 Increase/ [Automobile] Actual Actual Actual Actual Actual Forecast Decrease (63rd) (64th) (65th) (66th) (67th) (68th) Japan 532 470 488 460 475 479 101% The Americas 2,
Slide 5: Industry Trends (2) Actual Production and Forecast: Automobile
4 1. Industry Trends (2) Actual Production and Forecast <<Automobile>> Unit: ten thousand cars FY08/3 FY09/3 FY10/3 FY11/3 FY12/3 FY13/3 Increase/ [Automobile] Actual Actual Actual Actual Actual Forecast Decrease (63rd) (64th) (65th) (66th) (67th) (68th) Japan 1,179 999 887 899 927 918 99% The Ameri
Slide 6: Changes in actual production by automobile manufacturer
5 Changes in actual production by automobile manufacturer <<Automobile>> Unit: ten thousand cars Other Japanese automobile TOYOTA Nissan Honda manufacturers Other foreign-affiliated GM VW Hyundai automobile manufacturers Total of Japanese Total of foreign-affiliated automobile manufacturers automobi
Slide 7: Industry Trends (3) Actual Sales and Forecast: Motorcycle
6 1. Industry Trends (3) Actual Sales and Forecast <<Motorcycle>> Unit: ten thousand cars FY08/3 FY09/3 FY10/3 FY11/3 FY12/3 FY13/3 Increase/ [Motorcycle] Actual Actual Actual Actual Actual Forecast Decrease (63rd) (64th) (65th) (66th) (67th) (68th) Japan 66 50 37 38 41 43 105% Global Total 4,273 4,
Slide 8: Industry Trends (4) Actual Production and Forecast: Motorcycle
7 1. Industry Trends (4) Actual Production and Forecast <<Motorcycle>> Unit: ten thousand cars FY08/3 FY09/3 FY10/3 FY11/3 FY12/3 FY13/3 Increase/ [Motorcycle] Actual Actual Actual Actual Actual Forecast Decrease (63rd) (64th) (65th) (66th) (67th) (68th) Japan 156 108 60 59 63 60 95% The Americas 19
Slide 9: Consolidated Operating Results for FY12/3
8 2. Results for FY12/3 (1) Consolidated Operating Results for FY12/3 JPY in million Consolidated Results for FY11/3 Results for FY12/3 Increase/Decrease Net sales 208,162 207,803 359 Operating income 10,462 7,928 2,533 Ordinary income 9,445 7,266 2,179 Net income 3,655 2,917 737 Outline JPY in mill
Slide 10: Non-Consolidated Operating Results for FY12/3
9 2. Results for FY12/3 (2) Non-Consolidated Operating Results for FY12/3 JPY in million Non-Consolidated Results for FY11/3 Results for FY12/3 Increase/Decrease Net sales 127,184 123,480 3,704 Operating income 3,495 1,240 2,255 Ordinary income 3,566 2,957 609 Net income 1,344 1,360 16 Outline JPY i
Slide 11: Factor analysis of changes in consolidated ordinary income for FY12/3
10 2. Results for FY12/3 (3) Factor analysis of changes in consolidated ordinary income for FY12/3 JPY in million Cost-cutting Copper, iron and steel, measures neodymium magnet FY11/3 (Actual) +9,445 +2,291 US dollar 87.83 yen ⇒ 79.74 yen Euro 116.58 yen ⇒111.08 yen Others FY12/3 (actual) Raw materi
Slide 12: Factor analysis of changes in non-consolidated ordinary income for FY12/3
11 2. Results for FY12/3 (4) Factor analysis of changes in non-consolidated JPY in million ordinary income for FY12/3 Copper, iron and steel, Cost-cutting neodymium magnet FY11/3 (Actual) measures US dollar 87.83 yen ⇒ 79.74 yen +3,566 +1,620 Euro 116.58 yen ⇒111.08 yen FY12/3 (actual) Others +2,957
Slide 13: Consolidated Sales Performance for Major Clients
12 2. Results for FY12/3 (5) Consolidated Sales Performance for Major Clients JPY in million FY08/3 FY09/3 FY10/3 FY11/3 FY12/3 FY13/3 Increase/ Actual Actual Actual Actual Actual Forecast Share Decrease (63rd) (64th) (65th) (66th) (67th) (68th) Honda automobile 74,300 65,200 48,700 57,300 50,800 67
Slide 14: Effect of Foreign Exchange Rate; Capital Expenditures and Depreciation
13 2. Results for FY12/3 (6) Effect of Foreign Exchange Rate on Operating Income (Loss) Results for FY12/3 Effect on operating income (loss) for Supposed exchange Actual exchange rate a rate fluctuation of one (1) yen (in rate for yen for yen millions of yen per year) US Dollar 80.00 79.74 241 Euro
Slide 15: 9th Mid-term Management Plan: Environmental Awareness
14 3. The 9th Mid-term Management Plan (For three years from April 2011 to March 2014) (1) Environmental Awareness Changes Changes in in the the automobile automobile industry industry Market Market expansion expansion in in emerging emerging nations nations (expansion (expansion of of new new middl
Slide 16: 9th Mid-term Management Plan: Management Policy
15 3. The 9th Mid-term Management Plan (For three years from April 2011 to March 2014) (2) The 9th Mid-term Management Policy Growing Growing Globally Globally Slogan Slogan ∼∼ Reinforcing Reinforcing Consolidated Consolidated Management Management ∼∼ 1. 1. Develop Develop products products and and
Slide 17: Top Priorities of the 9th Mid-term Management Plan
16 3. The 9th Mid-term Management Plan (For three years from April 2011 to March 2014) (3) Top Priorities of the 9th Mid-term Management Plan 1. 1. Prepare Prepare for for growth growth byby responding responding toto polarization polarization (small-size (small-size cars, cars, environment-friendly
Slide 18: Medium-term Target
17 JPY in million <<Medium-term Target>> Operating Sales Consolidated Consolidated Income sales operating income FY12/3 FY13/3 FY14/3 FY15/3 FY16/3 FY17/3 (67th) (68th) (69th) (70th) (71st) (72nd)
Slide 19: Growth Strategy and Business Structural Reform
18 Growth Strategy and Business Structural Reform Launch and mature new products and rebuild high value-added operation system. Japan Decreases in sales and production Develop a system that makes it possible to yield profits with high-mix low- volume production. Mother function that supports oversea
Slide 20: Consolidated Results Forecast for FY13/3
19 4. Forecast for FY13/3 (1) Consolidated Results Forecast for FY13/3 JPY in million Consolidated Results for FY12/3 Forecast for FY13/3 Increase/Decrease Net sales 207,803 220,000 12,197 Operating income 7,928 8,000 72 Ordinary income 7,266 8,000 734 Net income 2,917 3,000 83 Outline JPY in millio
Slide 21: Non-Consolidated Results Forecast for FY13/3
20 4. Forecast for FY13/3 (2) Non-Consolidated Results Forecast for FY13/3 JPY in million Non-Consolidated Results for FY12/3 Forecast for FY13/3 Increase/Decrease Net sales 123,480 130,000 6,520 Operating income 1,240 3,500 2,260 Ordinary income 2,957 4,500 1,543 Net income 1,360 1,500 140 Outline
Slide 22: Non-consolidated Target for Improvement for FY13/3
21 4. Forecast for FY13/3 (3) Non-consolidated Target for Improvement for FY13/3 JPY in million Improvements achieved for Target for improvement for Non-consolidated Ratio to sales FY12/3 (Actual) FY13/3 Material costs 1,620 2,100 63.5% Non-consolidated Results for FY12/3 (Actual) Budget for FY13/3
Slide 23: Plans for Principal Items
22 4. Forecast for FY13/3 (4) Plans for Principal Items Principal Items Assumptions made in the Forecast (Average price for the previous year: Raw material prices Copper: ¥700/kg ¥738/kg) Exchange rates ¥80 → ¥77 to the USD ¥110 → ¥100 to the euro Capital expenditure: ¥13,000 million (consolidated)
Slide 24: MITSUBA
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