fy2018 1 quarter consolidated financial results - aisin … · fy2018 1st quarter consolidated...

FY2018 1st Quarter

Consolidated Financial Results

July 28th, 2017

AISIN SEIKI Co., Ltd.

1.Consolidated Operating Results

(FY2018 1st Quarter)

2.Consolidated Operating Forecast

(FY2018 2nd Quarter- 6 months)

3.Reference Information

1

Contents

P.2-7

P.8-13

P.14-20

1.Consolidated Operating Results

(FY2018 1st Quarter)

2

1. Revenue increased compared to last year due to

favorable AT and Body parts sales, and the contribution

of newly consolidated Art Metal Mfg. Co., Ltd. group.

2. Operating profit decreased , due to the rise in material

price and the increase of depreciation cost, in spite of

the increase of sales. In addition, we had extraordinary

gain from stock swap with SHIROKI Corporation last

year.

3. Regarding 1st half forecast, revenue and profit are

revised upward due to favorable 1Q result and FX rate

tendency. With respect to the annual forecast, it's not

revised from the original one. 3

FY2018 1st Quarter Overview of Financial Results

(Billion yen)

FY2017 1Q FY2018 1Q Change

Results Rate to

sales % Results

Rate to

sales % Amount %

Revenue 838.6 - 917.0 - +78.4 +9.3

Operating Profit 59.0 7.0 53.5 5.8 -5.5 -9.3

Profit before income

taxes 56.9 6.8 60.0 6.6 +3.1 +5.6

Profit for the period * 41.7 5.0 31.4 3.4 -10.3 -24.6

EPS 144.58

yen -

112.82 yen

- -31.76

yen -22.0

FX Rate USD 108 yen USD 111 yen +3 yen +2.8

CNY 16.5 yen CNY 16.2 yen -0.3 yen -1.8

Toyota

production (10,000 Unit)

226 217 -9 -4.0

AT sales (10,000 Unit)

204 233 +29 +14.2

4

Consolidated Operating Results (FY2018 1st Quarter)

Pre

-conditio

ns

* Profit for the period attributable to Owners of the parent

73.6 69.9

22.5 26.0

19.5 23.7 20.7 23.3 20.3 19.5 16.4 18.6 15.6

18.3 16.0 17.6 4.2 17.6

11.6

13.5 78.7

100.7

0

50

100

150

200

250

300

350

400

FY2017 1Q FY2018 1Q

FY2017 1st Quarter Revenue

FY2018 1st Quarter Revenue (+ 78.4)

Other Auto Makers sales breakdown

+3.5

-0.8

+2.2

+2.7

+1.6

+1.9

+13.4

+4.2

917.0

5

299.1

Chinese OEMs Total

24.3⇒49.7(+25.4)

VW&Audi -3.7

Guangzhou Automobile

+2.6

Sales by Customer (FY2018 1st Quarter)

(Billion yen) (Billion yen)

(Billion yen)

838.6

Toyota

Group

511.8 (61.0%)

Toyota

Group 540.6

(59.0%)

Other

Auto Makers 348.7

(38.0%)

Other

Auto Makers

299.1 (35.7%)

Life & others

Life & others

27.6 (3.3%)

27.7 (3.0%)

348.7

+49.6 A/M &

Others

+22.0

VOLVO

NISSAN

HONDA

BMW

PSA

GM

SUZUKI

Mitsubishi

470.7

142.4

79.1 83.6 62.8

533.5

148.4

83.3 87.2 64.4

0

100

200

300

400

500

600

Japan NorthAmerica

Europe China Asia& Others

FY2017 1Q FY2018 1Q

Revenue (+ 78.4)

35.6

6.0

0.7

13.1

3.0

32.9

3.1 1.6

13.2

1.3

0

10

20

30

40

Japan Northamerica


FY2017 1Q FY2018 1Q

FX

Impact

Other

factors

Japan - +62.8

North

America +3.9 +2.1

Europe +0.0 +4.2

China -1.4 +5.0

Asia &

Others +3.3 -1.7

Total +5.8 72.6

FX

Impact

Other

factors

Japan +0.8 -3.5

North

America +0.0 -2.9

Europe +0.0 +0.9

China -0.2 +0.3

Asia &

Others +0.0 -1.7

Elimination - +0.9

Total +0.7 -6.2

+62.8

+6.0

+4.2 +3.6 +1.6

-2.7

-2.9

+0.9

+0.1

-1.7

6

Operating Profit (- 5.5)


Segment Information (FY2018 1st Quarter)

Sale

s flu

ctu

atio

n

59.0 +16.5

+6.0 -5.0

-19.5 +0.7

-4.6

+4.9

FY2017 1Q

FY2017 1Q / FY2018 1Q

53.5

44.4

7

-4.5 52.8

Fluctuations for Operating Profit (FY2018 1st Quarter)

Op

era

ting

Pro

fit

Bu

sin

es

s

reo

rgan

izatio

n*

Lo

ss

from

e

arth

qu

ak

es

(FY

2017)

(FY2017) Non-ordinary factors -14.6 billion yen

*Gain from stock swap

with SHIROKI Corporation -19.5

FY2018 1Q

Op

era

ting

Pro

fit (E

xc

ep

t

no

n-o

rdin

ary

fac

tors

)

(FY

20

17

)

FY

20

17

Co

st s

tructu

re

imp

rovem

en

t

Ch

an

ge o

f m

ate

rial p

rice

Dep

recia

tion

R&

D o

thers

Op

era

ting

Pro

fit (E

xc

ep

t

no

n-o

rdin

ary

fac

tors

)

FX

imp

act

Op

era

ting

Pro

fit

Ordinary factors +8.4 billion yen

-5.5 Billion yen

(FY2018) Non-ordinary factors +0.7billion yen

(Billion yen)

FY

20

18

8

2.Consolidated Operating Forecast

(FY2018 2nd Quarter- 6 months)

FY2017 2Q FY2018 2Q Change

Results Rate to

sales % Forecast

Rate to

sales % Amount %

Revenue 1,697.5 - 1,840.0 - +142.5 +8.4

Operating Profit 94.8 5.6 103.0 5.6 +8.2 +8.6

Profit before

income taxes 90.7 5.3 110.0 6.0 +19.3 +21.2

Profit for the

period * 54.7 3.2 54.0 2.9 -0.7 -1.4

EPS 190.06

yen -

193.65 yen

- +3.59

yen +1.9

FX Rate

USD 105 yen USD 111 yen +6 yen +5.7

CNY 15.9 yen CNY 16.2 yen +0.3 yen +1.9

Toyota

production (10,000 Unit)

457 439 -18 -3.9

AT sales (10,000 Unit)

411 475 +64 +15.5

9

FY2018 2Q

Disclosed on Apr 28th

Rate to

sales %

1,780.0 -

96.0 5.4

103.0 5.8

48.0 2.7

171.83 yen

-

USD 105 yen

CNY 16.0 yen

440

477

Consolidated Operating Forecast (FY2018 2nd Quarter- 6 months)

(Billion yen)

Pre

-conditio

ns

* Profit for the period attributable to Owners of the parent

141.7 140.2

43.8 51.7

41.0 51.2 35.5

43.3 36.9

38.5 31.8 37.6 33.6 37.2 33.4 36.0 10.2

35.4 23.4

26.4 167.1

204.5

0

200

400

600

800

FY2017 2Q FY2018 2Q

VW&Audi

GM

PSA

VOLVO

A/M &

Others

+37.4

FY2017 2Q Revenue

FY2018 2Q Revenue (+ 142.5)

Other Auto Makers sales breakdown

598.4

702.0

-1.5

+7.9

+10.2

+7.8

+1.6

+5.8

+3.6

+25.2

+3.0

BMW

+2.6

+103.6

10

Forecast of Sales by Customer (FY2018 2nd Quarter- 6 months)

Toyota

Group

Toyota

Group

1,039.9 (61.3%)

1,077.0 (58.5%)

Other

Auto Makers

Other

Auto Makers

598.4 (35.3%)

702.0 (38.2%)

1,840.0

1,697.5

Life & others

Life & others

59.2 (3.4%)

61.0 (3.3%)

Chinese OEMs Total

52.4⇒103.5(+51.1)

MITSUBISHI

NISSAN

SUZUKI

HONDA

Guangzhou Automobile

(Billion yen)

(Billion yen)

(Billion yen)

987.7

275.0

146.1 168.1

120.5

1,082.0

290.0

160.0 169.0

139.0

0

200

400

600

800

1,000

1,200

Japan NorthAmerica


FY2017 2Q FY2018 2Q

52.8

11.1

0.9

25.3

5.3

63.9

4.2 2.2

26.0

6.7

0

10

20

30

40

50

60

70

Japan NorthAmerica


FY2017 2Q FY2018 2Q

Revenue (+142.5) Operating Profit (+ 8.2)

FX

Impact

Other

factors

Japan - +94.3

North

America +13.6 +1.4

Europe +1.6 +12.3

China +2.6 -1.7

Asia &

Others +7.4 +11.1

Total +25.5 +117.0

FX

Impact

Other

factors

Japan +4.3 +6.8

North America +0.1 -7.0

Europe +0.0 +1.3

China +0.3 +0.4

Asia & Others +0.4 +1.0

Elimination - +0.8

Total +5.4 +2.8

+94.3

+15.0

+0.9 +18.5

+11.1

-6.9

+1.3

+0.7

+1.4 +13.9

11

Forecast of Segment Information (FY2018 2nd Quarter- 6 months)


Sale

s flu

ctu

atio

n

FY2017 2Q / FY2018 2Q (Forecast)

103.0

94.8

+21.0

+14.0 -11.5

-11.1 +0.3

-19.5 +9.6

+5.4

12

97.6

84.9

Forecast of Fluctuations for Operating Profit (FY2018 2nd Quarter- 6 months)

(Billion yen)

Op

era

ting

Pro

fit

Bu

sin

es

s

reo

rga

niz

atio

n*

Lo

ss

from

e

arth

qu

ak

es

(FY

20

17

)

(FY

20

17

)

(FY2017) Non-ordinary factors -9.9 billion yen

*Gain from stock swap

with SHIROKI Corporation -19.5

Co

st s

tructu

re

imp

rovem

en

t

Ch

an

ge o

f m

ate

rial p

rice

Dep

recia

tion

R&

D o

thers


(FY2018) Non-ordinary factors +5.4billion yen

Op

era

ting

Pro

fit (E

xc

ep

t

no

n-o

rdin

ary

fac

tors

) F

Y2

01

7

Op

era

ting

Pro

fit (E

xc

ep

t

no

n-o

rdin

ary

fac

tors

) F

Y2

01

8

FX

imp

act

Op

era

ting

Pro

fit

(Fo

recast)

FY2017 2Q FY2018 2Q

(forecast)

+8.2 Billion yen

Sale

s flu

ctu

atio

n

FY2018 2Q / FY2018 2Q

103.0

96.0

+6.5 -1.0

-2.9 +4.4

98.6

13

Forecast of Fluctuations for Operating Profit (FY2018 2nd Quarter- 6 months)

(Forecast in April) (Forecast)

Op

era

ting

Pro

fit

(Fo

recast in

Ap

r)

FY2018 2Q

（Forecast in April）

FY2018 2Q

（Forecast）

Ch

an

ge o

f m

ate

rial p

rice

Oth

er fix

ed

exp

en

se

Op

era

ting

Pro

fit (E

xc

ep

t

no

n-o

rdin

ary

fac

tors

)


+7.0 Billion yen

Non-ordinary factors +4.4billion yen

FX

imp

act

Op

era

ting

Pro

fit

(Fo

recast)

(Billion yen)

14

3. Reference Information

30 31 44 43 29 29

45 42 31 38

43 34 46

46

0

50

100

150

200

FY2015 FY2016 FY2017 FY2018

AT Sales

168 180 204 233

172 172 207 242 176 194

224 171 191

234

0

200

400

600

800

1,000

FY2015 FY2016 FY2017 FY2018

Navigation System Sales

MT Sales

36 37 42 42

35 41 39 37

36 43 45 37

39 39

0

50

100

150

200

FY2015 FY2016 FY2017 FY2018

Navigation Soft Sales

869 737

687 165 160

144

178

144 124

15 15 16 13

15 19 14 12

15 13 12

15 14 13

0

20

40

60

80

FY2016 FY2016 FY2017 FY2018

25

61 60 55

15

475 79

85

Sales Number

(2Q forecast) (2Q forecast)

(10,000 Unit)

(10,000 Unit) (10,000 Unit)

(10,000 Unit)

(2Q forecast) (2Q forecast)

33.2

31.8

0

30

60

90

120

150

180

15.1 11.9

0

30

60

90

120

150

378.8

381.2

0

600

1,200

1,800◆

414.4

406.6

0

500

1,000

1,500

2,000

1,402.5 1,503.0 1,641.9

48.1

70.8 80.5

1,127.2 1,276.6

89.7 101.0

122.9

821.0

27.0

1,431.1

760.0 65.0

16

FY2015 FY2016 FY2017 FY2018

1Q

2Q

1Q

2Q

◆

◆

◆

◆

3.4% 4.7% 4.9%

3.3%

◆ ◆

◆ 8.0% 7.9% 8.6% 8.6%

Financial Results of the Main Consolidated Companies Ⅰ * The results of FY2015 are based on JGAAP and the others are based on IFRS.

AISIN SEIKI Group

AISIN AW Group

(2Q forecast)



FY2015 FY2016 FY2017 FY2018 (2Q forecast)

1.0 1.3

0

2.5

5

7.5

10

2.1 2.3

0

10

20

30

33.7

38.4

0

50

100

150

200

68.9

68.1

0

100

200

300

400

11.2 8.8

126.4 133.9

137.8

2.3 2.6

0.0

1.3

263.8 275.9 273.0

17

12.3 137.0

72.1

4.4

◆

◆

◆

◆

4.3% 3.2%

4.5%

3.2%

◆

◆

◆

◆

2.1%

1.0%

3.2%

0.0%

1Q

2Q

1Q

2Q

* The results of FY2015 are based on JGAAP and the others are based on IFRS.




AISIN TAKAOKA Group

AISIN AI Group


Financial Results of the Main Consolidated Companies Ⅱ

1.1 1.9

0

5

10

15

20

141.1

137.8

0

200

400

600

800

18

527.3

9.6

551.6

555.4

9.2

6.1 278.9

3.0

◆ ◆

◆ ◆

1.8% 1.7%

1.1%

1.1%

1Q

2Q

* The results of FY2015 are based on JGAAP and the others are based on IFRS.

ADVICS Group



Financial Results of the Main Consolidated Companies Ⅲ

707.0 727.8 756.4 773.2 771.2 792.2 843.5 838.9 838.6 858.8 907.5

957.5 917.0 923.0

223 231 223 222 220 232 220 215 226 231 227 225 217 222

0

50

100

150

200

250

0

200

400

600

800

1,000

1,200

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

Revenue

Operating profit

38.4 32.0

44.9 50.5

33.1 43.7

62.0 53.7

59.0

35.7

67.3 66.4

53.5 49.5

5.4%

4.4%

5.9% 6.5%

4.3%

5.5%

7.4%

6.4% 7.0%

4.2%

7.4% 6.9%

5.8% 5.4%

0.0%

2.0%

4.0%

6.0%

8.0%

0.0

30.0

60.0

90.0

120.0

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

FY2015 FY2016 FY2017 FY2018

19

(Billion yen) (10,000 Unit)

Quarterly Performance * The results of FY2015 are based on JGAAP and the others are based on IFRS.

(forecast)

(Billion yen)

FY2015 FY2016 FY2017 FY2018 (forecast)

25 35 45 50 50

50 60 50 50

75

125

27.3% 29.7%

34.6%

28.2% 28.1% 30.1%

0%

5%

10%

15%

20%

25%

30%

35%

0

50

100

150

200

FY2013 FY2014 FY2015 FY2016 FY2017 FY2018

FY2013 FY2014 FY2015 FY2016 FY2017 FY2018

(Forecast)

Interim 25 35 45 50 50 -

Year-end 50 60 50 50 75 -

Total 75 95 95 100 125 125

Dividend Payout Ratio 27.3% 29.7% 34.6% 28.2% 28.1% 30.1%

Repurchase of Treasury

Stock (billion yen) 0 0 0 0 490 700

Total return Ratio*2 27.3% 29.7% 34.6% 28.2% 66.5% 89.4%

75

95 95 100

125 125

20

(*1)

(*1)Repurchasing of common stock is authorized by the board of directors’ meeting held in May 2017

Dividend per Share * The results before FY2015 are based on JGAAP and the others are based on IFRS.

Div

ide

nd

(ye

n)

(*2) Total return Ratio= (Cash dividend paid + repurchase of treasury Stock) / Profit for the period

(Forecast)

fy2018 1 quarter consolidated financial results - aisin … · fy2018 1st quarter consolidated...

Documents