FY2010 1 st Quarter Financial Results ended June 30, 2009 July 31, - - PowerPoint PPT Presentation

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FY2010 1 st Quarter Financial Results ended June 30, 2009 July 31, - - PowerPoint PPT Presentation

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FY2010 1 st Quarter Financial Results ended June 30, 2009 July 31, 2009 Overview of FY2010 1 st Quarter Financial Results 1 / 8 1. Sales and income decreased due to worldwide decline 1. Sales and income decreased due to worldwide decline in car

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SLIDE 1

FY2010 1st Quarter Financial Results ended June 30, 2009

July 31, 2009

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SLIDE 2

Overview of FY2010 1st Quarter Financial Results

1 / 8

  • 1. Sales and income decreased due to worldwide decline

in car production and substantial currency exchange loss.

  • 1. Sales and income decreased due to worldwide decline

in car production and substantial currency exchange loss.

  • 2. Upward revision of FY2010 1st-half forecast.
  • 2. Upward revision of FY2010 1st-half forecast.
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SLIDE 3

Change Change FY10 1Q FY10 1Q Sales Sales

  • 399.0
  • 399.0

983.9 983.9 584.9 584.9

  • 40.6%
  • 40.6%

Operating Income Operating Income

  • 89.4
  • 89.4

74.2 74.2

  • 15.2
  • 15.2
  • Income before

Income Taxes Income before Income Taxes

  • 98.0
  • 98.0

88.6 88.6

  • 9.3
  • 9.3
  • Net Income

Net Income

  • 54.3
  • 54.3

51.7 51.7

  • 2.7
  • 2.7
  • Foreign

Exchange Rate Foreign Exchange Rate

JPY104/$ JPY162/Euro JPY104/$ JPY162/Euro JPY96/$ JPY131/Euro JPY96/$ JPY131/Euro

Domestic Car Production Domestic Car Production

2.88 2.88 1.71 1.71

Overseas Car Production of Japanese Manufacturers (North America) Overseas Car Production of Japanese Manufacturers (North America)

3.15

(1.14)

3.15

(1.14)

2.46

(0.69)

2.46

(0.69)

  • JPY8
  • JPY31
  • JPY8
  • JPY31
  • 40.6%
  • 40.6%
  • 1.17
  • 1.17
  • 21.9%

(-39.5%)

  • 21.9%

(-39.5%)

  • 0.69

(-0.45)

  • 0.69

(-0.45)

(-2.6%) (-0.5%) (7.5%) (5.3%)

(Unit: Billions of Yen) (Ratio to Sales) (Unit: Millions of Units)

FY09 1Q FY09 1Q

2 / 8 (-1.6%) (9.0%)

FY2010 1st Quarter Financial Results

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SLIDE 4

71.8 36.0 26.2 31.9 26.6 18.1 291.2 478.1 42.4

14.0 17.2 10.6

321.4 183.3

100 200 300 400 500 600

'08/6 '09/6 322.5 189.5 233.3 151.3 96.7 89.8 49.6 83.3 55.1 67.1 43.4 36.5 134.2

16.4

200 400 600 800 1,000

'08/6 '09/6

Toyota Group Toyota Group Honda Honda Suzuki Suzuki GM GM Fiat Fiat Ford Ford Others Others

  • 186.8
  • 29.4
  • 17.9
  • 9.8
  • 9.4
  • 7.4
  • 138.1

Electronic Electronic

  • 133.1
  • 99.1
  • 54.6

Electric Electric Small Motors Small Motors Others Others Information & Safety Information & Safety Powertrain Powertrain Thermal Thermal

  • 40.2
  • 28.3
  • 23.7
  • 20.1

300 500

FY09 1Q

983.9 584.9

FY10 1Q

By Business Segment By Customer

FY09 1Q FY10 1Q

(Unit: Billions of Yen)

983.9 584.9

600 1,000 400 700

Change in 1st Quarter Consolidated Sales

3 / 8

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SLIDE 5

(Unit: Billions of Yen)

4 / 8

FY10 1Q FY09 1Q

Change in 1st Quarter Income before Income Taxes

  • 9.3

88.6 -139.3

  • 12.1
  • 7.8

+39.6 +9.2 +8.6 +4.9 +4.9

Fixed cost reduction (57.4)

  • 5.2

Income before Income Taxes

Production volume decrease

  • 0.8

Expense reduction

Depreciation

Non-operating income decrease Extraordinary loss increase Cost reduction Raw material cost

Currency exchange loss Labor cost Product mix

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SLIDE 6

31.4 10.8 7.0 23.1

  • 24.7

1.4 9.9

  • 2.2
  • 30
  • 25
  • 20
  • 15
  • 10
  • 5

5 10 15 20 25 30

日本 北中南米 欧州 豪亜

152.2 163.9 190.9 650.7 107.1 94.7 95.6 396.1

50 100 150 200 250 300 350 400 450 500

日本 北中南米 欧州 豪亜

  • 43.9%

(-36.5%)

  • 41.7%

(-24.7%)

  • 37.8%

(-27.7%)

Sales Operating Income

  • 57.1%

(-50.4%) 650 ‐80.6% (-76.2%)

1st Quarter Geographical Segments by Company Location

700

( ): Local Currency Base (Unit: Billions of Yen)

FY09 FY10 1Q 1Q

Europe Japan

The Americas Asia & Oceania

FY09 FY10 1Q 1Q

Europe Japan

The Americas Asia & Oceania

5 / 8

  • 39.1%
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SLIDE 7

6 / 8

FY2010 1st Half Financial Forecast

5.33

（1.51）

5.33

（1.51）

6.25

（2.15）

6.25

（2.15）

  • 14.7%

（-29.8%）

  • 14.7%

（-29.8%）

  • 0.92

（-0.64）

  • 0.92

（-0.64）

1,260.0 1,260.0 1,892.3 1,892.3

  • 40.0
  • 40.0

114.8 114.8

  • 35.4
  • 35.4

105.7 105.7

  • 21.0
  • 21.0

59.0 59.0

JPY96/$ JPY128/Euro JPY96/$ JPY128/Euro JPY105/$ JPY161/Euro JPY105/$ JPY161/Euro

5.79 5.79

  • JPY9

+ JPY33

  • JPY9

+ JPY33

  • 33.9%
  • 33.9%
  • 1.96
  • 1.96

3.83 3.83

(-3.2%) (-1.7%) (6.1%) (3.1%) 1,225.0 1,225.0

  • 75.0
  • 75.0
  • 74.0
  • 74.0
  • 38.0
  • 38.0

JPY95/$ JPY125/Euro JPY95/$ JPY125/Euro 3.61 3.61

(-6.1%) (-3.1%)

5.09 （1.59） 5.09 （1.59）

  • 632.3
  • 632.3
  • 154.8
  • 154.8
  • 141.0
  • 141.0
  • 80.0
  • 80.0
  • 33.4%
  • 33.4%
  • (Unit: Billions of Yen)

(Unit:Millions of Units)

Change Change

FY09 2Q YTD FY09 2Q YTD FY10 2Q YTD

Revised

FY10 2Q YTD

Revised (Ratio to Sales)

FY10 2Q YTD Original

Sales Sales Operating Income Operating Income

Income before Income Taxes Income before Income Taxes

Net Income Net Income

Foreign Exchange Rate Foreign Exchange Rate

Domestic Car Production Domestic Car Production

Overseas Car Production

  • f Japanese

Manufacturers (North America) Overseas Car Production

  • f Japanese

Manufacturers (North America)

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SLIDE 8

7 / 8

Change in 1st Half Income before Income Taxes

(Unit: Billions of Yen)

FY10 2Q YTD FY09 2Q YTD

  • 35.4

105.7 -207.0

  • 27.0
  • 9.9

+50.0 +14.0 +12.0 +8.0 +8.0

Fixed cost reduction (76.0)

  • 12.8

Income before Income Taxes

Production volume decrease

+23.6

Expense reduction

Depreciation

Non-operating income decrease Cost reduction Raw material cost

Currency exchange loss Labor cost

Extraordinary loss decrease

Income before Income Taxes

Product mix and others

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SLIDE 9

Capital Expenditures, Depreciation and R&D

Progress to FY09 Estimate 1Q Change from PY 297.1 (9.5%) 276.6 23.0 18.5 25.6 209.5 314.4 35.4 26.4 31.0 221.6 FY09

  • 19.0%
  • 13.4%
  • 22.7%
  • 28.6%
  • 19.1%
  • 9.0%
  • 54.8%
  • 14.9%
  • 38.2%
  • 48.7%
  • 63.2%

22.7% 22.1% 22.2% 23.7% 23.9% 21.7% 21.8% 26.3% 26.3% 28.6% 19.2% 1Q 1Q 72.7 (7.4%) 64.2 6.6 6.3 6.8 44.5 75.3 7.4 6.8 7.8 53.3 260.0 (9.6%) 252.0 23.0 19.0 23.0 187.0 156.0 24.0 16.0 14.0 102.0 FY10 Estimate 58.9 (10.1%) R&D Expenditure (Ratio to Sales) 19.6 Japan 55.6 5.1 4.5 5.5 40.5 34.0 6.3 4.2 4.0 Depreciation Asia & Oceania Europe The Americas Japan Capital Exp. Asia & Oceania Europe The Americas

(Unit: Billions of Yen)

8 / 8

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SLIDE 10
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SLIDE 11

･ Geographical Segments by Company Location ･ Non-Consolidated Financial Results ･ Pre-Conditions (Foreign Exchange Rate/Car Production) ･ Consolidated Sales by Customer ･ Consolidated Sales by Business Segment Appendix

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SLIDE 12

44.7 14.9 9.1 43.4

  • 56.5
  • 0.5

22.5

  • 5.5
  • 60
  • 50
  • 40
  • 30
  • 20
  • 10

10 20 30 40 50 300.6 293.5 356.7 1,280.1 220.0 215.0 180.0 883.0 200 400 600 800 1,000 1,200

日本 北中南米 欧州 豪亜

  • 38.3%

(-28.5%)

  • 31.0%
  • 38.7%

(-20.4%)

  • 28.5%

(+16.5%)

  • 48.1%

(-40.2%)

1st Half Geographical Segments by Company Location

(Unit: Billions of Yen)

Sales Operating Income

FY09 FY10 FY09 FY10

Europe Japan

The Americas Asia & Oceania

Europe Japan

The Americas Asia & Oceania

2Q YTD 2Q YTD 2Q YTD 2Q YTD

( ): Local Currency Base

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SLIDE 13

Non-Consolidated Financial Results

Income Before Income Taxes Changes in Income Before Income Taxes (FY09 1Q => FY10 1Q) Income Statements

(Ratio to Sales ) (Unit: Billions of Yen, %) Amount Percent Amount Percent Net Sales ( 100.0 ) 365.6 ( 100.0 ) 594.2

  • 228.7
  • 38.5

( 100.0 ) 740.0

( 100.0 ) 775.0

  • 389.5
  • 33.4

Cost of Sales ( 97.9 ) 358.0 ( 89.6 ) 532.4

  • 174.4

SGA Expenses ( 7.0 ) 25.5 ( 6.3 ) 37.6

  • 12.1

Operating Income (

  • 4.9

)

  • 18.0

( 4.1 ) 24.2

  • 42.2
  • (
  • 10.1 )
  • 75.0

(

  • 6.1 )
  • 47.0
  • 77.1
  • Non-Operating Income

22.5 26.1

  • 3.6

28.0

34.0 3.9 Extraordinary Income (Loss)

  • 1.4

0.0

  • 1.3

0.0

  • 1.4

23.1 Income Before Income Taxes ( 0.9 ) 3.2 ( 8.5 ) 50.3

  • 47.1
  • 93.7

(

  • 6.4 )
  • 47.0

(

  • 1.9 )
  • 14.4
  • 50.1
  • Net Income

( 2.5 ) 9.0 ( 5.3 ) 31.6

  • 22.5
  • 71.3

(

  • 2.8 )
  • 21.0

(

  • 0.4 )
  • 3.0
  • 23.4
  • Domestic Car Production (Mil.unit)

1.71 2.88

  • 3.83

Foreign Exchange Rate (US$) 96 Yen 104 Yen

95 Yen

96 Yen Foreign Exchange Rate (Euro) 131 Yen 162 Yen

125 Yen

128 Yen Account FY2010 1Q FY2009 1Q Change

Forecast as of Apr. 28

Forecast as of Jul. 31

FY2010 2Q YTD Forecast Change from FY08

(Unit: Billions of Yen) Fixed cost reduction 47.5 Production volume decrease

  • 84.6

(Expense decrease 34.9) Currency exchange loss

  • 9.2

(Labor cost decrease 8.4) Non-operating income decrease

  • 3.6

(Depreciation decrease 4.2) Extraordinary loss increase

  • 1.3

Raw material cost decrease 2.5 Variable cost reduction 1.2 Product mix 0.4 Sub Total 51.6 Sub Total

  • 98.7

Total Decrease

  • 47.1

Positive Factors Negative Factors

  • 150
  • 100
  • 50

50 100 150 200 FY06 FY07 FY08 FY09 FY10F

Bil.Yen 184.6 197.4

  • 59.0(4Q)

183.5

  • 131.2

85.4 55.9 64.6 55.7 95.1 93.6 3.2(1Q) 50.3(1Q) 35.8 (2Q)

  • 14.4(2Q)
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SLIDE 14

Pre-Conditions (Foreign Exchange Rate/Car Production)

Prior Year Actual Change Prior Year

Forecast as of Apr. 28

Revised Estimate Change Prior Year

Forecast as of Apr. 28

Change Prior Year

Forecast as of Apr. 28

Change 104 96

  • 8

105 95 96

  • 9

95 95

  • 101

95

  • 6

162 131

  • 31

161 125 128

  • 33

124 125 + 1 146 125

  • 21
  • 1.9

1.5

  • 0.4
  • 0.4

0.4

  • 2.88

1.71

  • 41%

5.79 3.61 3.83

  • 34%

4.20 4.52 + 8% 9.99 8.13

  • 19%

North America 1.14 0.69

  • 39%

2.15 1.59 1.51

  • 30%

1.50 1.86 + 24% 3.65 3.45

  • 5%

3.15 2.46

  • 22%

6.25 5.09 5.33

  • 15%

4.99 5.47 + 10% 11.24 10.56

  • 6%

Car Production

  • f Japanese

Manufacturers

(Millions of Units)

Domestic Overseas Foreign Exchange Rate

(Yen)

USD EUR Forex Impact on Operating Income per Yen

(Billions of Yen)

USD EUR FY2010 Second-Half FY2010 Full Year 1Q FY2010 First-Half

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SLIDE 15

Consolidated Sales by Customer

(Unit: Billions of Yen)

Amount % to Total Amount % to Total Amount Percent Toyota

266.8 45.6 442.7 45.0

  • 175.9
  • 39.7

Daihatsu

19.5 3.3 24.9 2.5

  • 5.4
  • 21.6

Hino

4.9 0.9 10.5 1.1

  • 5.5
  • 53.0

Toyota Group

291.2 49.8 478.1 48.6

  • 186.8
  • 39.1

Honda

42.4 7.3 71.8 7.3

  • 29.4
  • 40.9

Suzuki

17.2 2.9 26.6 2.7

  • 9.4
  • 35.4

Fuji

8.9 1.5 14.7 1.5

  • 5.9
  • 39.8

Mazda

10.3 1.8 15.6 1.6

  • 5.3
  • 33.8

Mitsubishi

4.1 0.7 11.7 1.2

  • 7.5
  • 64.7

Isuzu

5.6 1.0 14.0 1.4

  • 8.4
  • 59.8

Nissan

4.5 0.8 7.8 0.8

  • 3.3
  • 42.5

ＧＭ

14.0 2.4 31.9 3.2

  • 17.9
  • 56.2

Ford

10.6 1.8 18.1 1.8

  • 7.4
  • 41.1

Chrysler

3.5 0.6 15.7 1.6

  • 12.2
  • 77.8

VW/AUDI

10.5 1.8 15.5 1.6

  • 5.0
  • 32.2

Benz

3.6 0.6 6.0 0.6

  • 2.5
  • 41.1

BMW

5.0 0.8 6.0 0.6

  • 1.0
  • 17.0

Fiat

26.2 4.5 36.0 3.7

  • 9.8
  • 27.2

PSA

4.2 0.7 6.6 0.7

  • 2.5
  • 37.0

Land Rover

2.4 0.4 6.7 0.7

  • 4.4
  • 64.7

Hyundai/Kia

8.7 1.5 11.7 1.2

  • 3.0
  • 25.3

OE Sales for others

43.0 7.3 71.1 7.2

  • 28.1
  • 39.6

OEM Total

515.9 88.2 865.6 88.0

  • 349.7
  • 40.4

After-market, New business & Others

69.0 11.8 118.3 12.0

  • 49.3
  • 41.7

Total

584.9 100.0 983.9 100.0

  • 399.0
  • 40.6

Change FY2010 FY2009 ended June.30,2009 ended June.30,2008

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SLIDE 16

Consolidated Sales by Business Segment

(Unit: Billions of Yen)

Amount

% to Total

Amount

% to Total

Amount Percent Thermal

189.5 32.4 322.5 32.8

  • 133.1
  • 41.3

Powertrain Control

134.2 22.9 233.3 23.7

  • 99.1
  • 42.5

Information & Safety Systems

96.7 16.6 151.3 15.4

  • 54.6
  • 36.1

Electric

49.6 8.5 89.8 9.1

  • 40.2
  • 44.7

Electronic

55.1 9.4 83.3 8.5

  • 28.3
  • 33.9

Small Motors

43.4 7.4 67.1 6.8

  • 23.7
  • 35.4

Others(*1)

6.1 1.0 11.5 1.2

  • 5.4
  • 47.3

Automotive Total

574.5 98.2 958.9 97.5

  • 384.4
  • 40.1

Industrial & Consumer Product

8.3 1.4 14.0 1.4

  • 5.7
  • 40.6

Others(*2)

2.1 0.3 11.0 0.3

  • 8.9
  • 81.2

New Business Total

10.4 1.8 25.0 2.5

  • 14.6
  • 58.5

Total

584.9 100.0 983.9 100.0

  • 399.0
  • 40.6

*1 Repair parts, original brand products of subsidiaries *2 Communication (Agency), display

Change FY2010 FY2009 ended June.30,2009 ended June.30,2008