Slide 1: Financial Results for the Fiscal Year Ended March 31, 2021
Financial Results For the Fiscal year Ended March 31, 2021 (April 1, 2020 to March 31, 2021) April 28th ,2021 AISIN CORPORATION
Slide 2: FYE2021 Overview of Financial Results
FYE2021 Overview of Financial Results 1. Revenue for FYE2021 decreased compared to the previous year, due to the impact of COVID-19 in the Q1, in spite of the recovery tendency of the market since the Q2. 2. Operating Profit for FYE2021 increased compared to the previous year, due to the strengtheni
Slide 3: Consolidated Financial Results (FYE2021)
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Slide 4: FYE2021 Result: Financial Summary
FYE2021 Result: Financial Summary （ ）shows rate to Revenue % 【Billion JPY】 FYE2020 FYE2021 Change FYE2021 Change Results Results rate% (Forecast in February) Revenue 3,784.5 - 3,525.7 - - 258.8 - 6.8 3,450.0 Operating Profit 56.1 (1.5) 145.3 (4.1) + 89.2 + 158.9 100.0 Profit before income taxes 53.3
Slide 5: FYE2021 Result: Revenue by Customer
FYE2021 Result: Revenue by Customer 【Billion JPY】 Mobility Revenue by Customer（Other OEMs） Energy solutions and others FYE2020 FYE2021 Customer Change Result Result VW&Audi 257.5 240.0 -17.5 3,784.5 Stellantis 214.9 193.9 -21.0 119.8 3,525.7 VOLVO 112.9 115.2 +2.3 109.2 SUZUKI 102.5 108.2 +5.7 1,355
Slide 6: FYE2021 Result: Segment by Region
FYE2021 Result: Segment by Region FYE2020 Result FYE2021 Result 【Billion JPY】 Revenue（YoY -258.8） Operating Profit（YoY＋89.2） +58.5 -156.6 104.8 2,190.2 2,033.6 -71.9 46.3 +33.5 -6.4 -26.1 +63.6 -67.8 580.2 508.3 +10.2 -2.5 27.6 21.6 367.5 378.8 331.2 15.2 341.4 315.2 7.6 5.1 263.4 -4.2 -5.9 -14.4 Ja
Slide 7: FYE2021 Result: Analysis of Operating Profit
FYE2021 Result: Analysis of Operating Profit 【Billion JPY】 +60.2 145.3 +95.0 Emergency 56.1 -100.5 measure Refer next page +35.0 Structural reform +37.0 +60.0 -2.5 FYE2020 20/3 Sales 売上・& FX 為替変動 Cost structure 企業体質 Emergency 緊急対策 Fixed 固定費 cost FYE2021 21/3 実績 Result 構成変動等 Product mix Impact 改善努力 I
Slide 8: Cost structure improvement through Structural reforms
Cost structure improvement through “Structural reforms” First year of integration: Ensure to generate 10.0 Billion JPY benefits from “Structural reforms” and Integration effect. 95.0 Billion JPY 90.0 Billion JPY Front-load of “Structural reforms” FYE2021 ・Business reorganization in L&E Structural re
Slide 9: Consolidated Financial Forecast (FYE2022)
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Slide 10: FYE2022 Forecast: Financial Summary
FYE2022 Forecast: Financial Summary （ ）shows rate to Revenue 【Billion JPY】 FYE2021 FYE2022 Change Change Results Forecast rate% Revenue 3,525.7 - 3,950.0 - +424.3 +12.0 Operating Profit 145.3 (4.1) 220.0 (5.6) +74.7 +51.4 Profit before income taxes 167.5 (4.8) 230.0 (5.8) +62.5 +37.3 Profit for the
Slide 11: FYE2022 Forecast: Revenue by Customer
FYE2022 Forecast: Revenue by Customer 【Billion JPY】 Mobility Revenue by Customer（Other OEMs） Energy solutions and others FYE2021 FYE2022 Customer Change Result Forecast Stellantis 193.9 280.0 +86.1 VW&Audi 240.0 243.0 +3.0 3,950.0 3,525.7 114.0 VOLVO 115.2 137.0 +21.8 109.2 SUZUKI 108.2 129.0 +20.8
Slide 12: FYE2022 Forecast: Segment by Region
FYE2022 Forecast: Segment by Region FYE2021 Result FYE2022 Forecast 【Billion JPY】 Revenue（YoY +424.3） Operating Profit（YoY＋74.7） +32.2 +176.4 137.0 2,210.0 104.8 2,033.6 +86.7 -2.6 +19.8 +68.6 +46.2 +46.6 595.0 +19.2 +2.9 508.3 410.0 425.0 27.6 35.0 341.4 378.8 310.0 25.0 263.4 15.0 15.2 8.0 5.1 -4.
Slide 13: FYE2022 Forecast: Analysis of Operating Profit
FYE2022 Forecast: Analysis of Operating Profit 【Billion JPY】 +10.0 -39.3 +40.0 +1.5 220.0 +62.5 145.3 FYE2021 Sales & FX Cost structure Structural Fixed cost FYE2022 Result Product mix Impact Improvement reforms & others Forecast etc. Sales & Breakdown FX Cost structure Fixed cost Breakdown Breakdow
Slide 14: Reference information
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Slide 15: CAPEX / Depreciation / R&D
CAPEX / Depreciation / R&D 【Billion JPY】 By Sub-group FYE2020 FYE2021 FYE2022 By business company Result Result Forecast AISIN SEIKI-G 118.2 77.0 Powertrain 115.5 AW-G 107.4 73.7 Body 30.5 CAPEX Chassis & Vehicle ADS-G 39.8 29.6 Safety systems 47.0 Others 25.2 9.9 CSS* & Others 42.0 Total 290.6 190.
Slide 16: FYE2021 Result: Segment by Sub-group
FYE2021 Result: Segment by Sub-group （ ）shows rate to Revenue % 【Billion JPY】 FYE2019 FYE2020 FYE2021 YoY Result Result Result Change・% AISIN SEIKI-G 1,782.6 1,685.7 1,530.8 -154.9 -9.2 1,546.0 Revenue AISIN AW-G 1,799.2 1,622.1 -76.1 -4.7 AISIN TAKAOKA-G 320.7 310.0 276.5 -33.5 -10.8 ADS-G 600.4 58
Slide 17: FYE2021 Result: Segment by Region
FYE2021 Result: Segment by Region 【Billion JPY】 FYE2020 FYE2021 Change Region Change Result Result FX Others Japan 2,190.2 2,033.6 -156.6 - -156.6 North America 580.2 508.3 -71.9 -13.1 -58.8 Revenue Europe 367.5 341.4 -26.1 +1.1 -27.2 China 315.2 378.8 +63.6 +1.8 +61.8 Asia & Others 331.2 263.4 -67.
Slide 18: FYE2022 Forecast: Segment by Region
FYE2022 Forecast: Segment by Region 【Billion JPY】 FYE2021 FYE2022 Change Region Change Result Forecast FX Others Japan 2,033.6 2,210.0 +176.4 - +176.4 North America 508.3 595.0 +86.7 -4.3 +91.0 341.4 410.0 +68.6 +0.4 +68.2 Revenue Europe China 378.8 425.0 +46.2 +12.3 +33.9 Asia & Others 263.4 310.0
Slide 19: Foreign Currency Exchange Rate
Foreign Currency Exchange Rate Foreign Exchange rate 【JPY】 140 129 121 124 125 EUR 120 USD 100 111 109 106 105 80 20 16.5 15.6 15.7 16.1 CNY 10 3.4 3.5 THB 3.4 3.4 0 FYE2019 Result FYE2020 Result FYE2021 Result FYE2022 Forecast Impacts on Operating Profit Forex Impact on Operating profit per 1 (or 0
Slide 20: Highlights of Financial Performance
Highlights of Financial Performance Revenue／Operating Profit R&D expenditure ／Operating profit margin ／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】 4,043.1 202.1 205.8 189.8
Slide 21: Toyota production・Powertrain Sales
Toyota production・Powertrain Sales 【10,000 Unit】 Toyota production Volume AT Sales Volume Domestic Overseas 983 999 904 880 892 906 893 816 578 591 567 526 314 315 326 290 FYE2018 FYE2019 FYE2020 FYE2021 FYE2018 FYE2019 FYE2020 FYE2021 Result Result Result Result Result Result Result Result 20 / 24
Slide 22: Half Yearly Performance
Half Yearly Performance Revenue Revenue AT sales 【10,000 Unit】 【Billion JPY】 516 526 506 493 467 446 458 Highest ever 2,000.0 354 1,000.0 1,855.1 2,053.8 1,994.4 2,048.7 1,913.7 1,870.8 2,069.8 1,455.9 0.0 1H 2H 1H 2H 1H 2H 1H 2H FYE2018 Result FYE2019 Result FYE2020 Result FYE2021 Result Operating
Slide 23: Quarterly Performance
Quarterly Performance Revenue Revenue Powertrain sales 【10,000 Unit】 【Billion JPY】 272 258 258 260 254 1,800.0 234 246 246 247 236 233 226 220 222 217 1,200.0 Highest ever 137 600.0 1,030.2 1,029.7 1,048.5 1,007.9 1,018.9 917.0 938.0 1,023.5 963.0 950.7 958.0 912.7 900.7 1,021.3 986.5 555.2 0.0 1Q 2
Slide 24: 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 25: 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 consider to repurchase Treasury Stock based on our capitalization ratio and future investment trends. Profit before income taxes／ EPS Dividends per shar
Slide 26: 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