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Financial Results & Forecasts for Company's Operations in Multiple Regions (FY2019-FY2020), Schemes and Mind Maps of Accounting

The financial results and forecasts for a company's operations in Japan, the Americas, Asia & Oceania, and Europe & Africa for FY2019 and FY2020. It includes information on revenue, operating profit, and operating profit ratio, as well as trends in dividends and profit attributable to owners of parent. The document also includes quarterly trends for consolidated volume, revenue, operating profit, and operating profit ratio.

Typology: Schemes and Mind Maps

2021/2022

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Financial Results
FY2020
Ended Dec 31, 2019
3rd Quarter
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Download Financial Results & Forecasts for Company's Operations in Multiple Regions (FY2019-FY2020) and more Schemes and Mind Maps Accounting in PDF only on Docsity!

Financial Results

FY

Ended Dec 31, 2019

rd

Quarter

2. FY2020 Financial Forecasts

1. 3rd Quarter FY2020 Financial Results

Financial Results

3. Appendix

(100 million yen)

3 Q

FY

3 Q

FY

YOY Change

Revenue 10,

10,

71

Operating Profit 457

399

  • 57

Profit before income taxes 466

409

  • 56

Profit* 219

175

  • 43

Exchange Rate

USD 111 yen 109 yen - 2 yen (strong yen)

EUR 129 yen 121 yen - 8 yen (strong yen)

Sales increased due to volume increase mainly in Japan and the Americas.

Revenue

Despite volume increase, profit decreased due to model mix change and

increased overhead costs for the future, as well as the impact of the fund

leakage incident in Europe.

Operating Profit

1 - 1) 3 Q FY2020 Financial Results Overview of Consolidated financial Results

(IFRS) (IFRS)

  • Profit Attributable to Owners of Parent

Earnings per share 118.20 yen 94.25 yen - 23.95 yen

Region JGAAP IFRS Change Remarks

Japan 38 55 16

Goodwill non-depreciation, proforma standard, retirement benefits, etc.

The Americas 162 162 0

Accounting items reclassification of non-operating profit or loss

Asia & Oceania 179 187 7

One-off recording of dies, change in depreciation method, etc.

Europe & Africa 56 52 - 3 Change in durable years

Total 436 457 20

1Q 2Q 3Q 4Q

Quarter

Cumulative period

1Q 2Q 3Q 4Q

Quarter

Cumulative period

1 - 2 ) 3Q FY2020 Financial Results FY2019 Operating Profit (JGAAP × IFRS)

FY2019 (JGAAP) 580 FY2019 (IFRS) 612

(100 million yen)

(100 million yen)

 With optional application of IFRS started in the end of FY2019, figures for FY2019 have been

replaced with IFRS-based figures.

 Major impacts of the change of the standard in the 3Q by region are as follows:

5,

5,

457

399

2,

(39.0%)

2,

(48.8%)

489

(8.8%)

190

(3.4%)

2,

(48.4%)

513

(8.8%)

234

(4.0%)

2,

(38.8%)

1 - 4) 3rd Quarter FY2020 Financial Results Consolidated Revenue & Operating Profit

Volume & Model mix

Profit & Loss

Operating Profit Variance Analysis

YOY Change

<Pct Change>

3 Q

FY

3 Q

FY

3Q FY19 3Q FY20 Change

Revenue

Operating profit

Operating profit ratio

Large

Medium

SUV ・
MPV

Compact

(1,000 units)

(100 million yen)

Volume

increase

Model &

product

mix

Effort to

offset

Increased

overhead

costs

3 Q FOREX Others

FY

(IFRS)

3 Q

FY

(IFRS)

(100 million yen)

Changes in product

prices - 109.

Wage up - 24.

Cost reduction efforts + 136.

Labor costs - 22.

Expenses - 13.

Depreciation costs - 29.

Despite volume increase, profit decreased due to model mix change and increased overhead

costs for the future, as well as the impact of the fund leakage incident in Europe.

Fund leakage in

Europe - 34.

Other balance

+19.

152

(6.1%)

Higher profit due to volume increase, in addition to influence of adjustment for

transfer price tax last year in spite of increased expenses and other negative factors

2,

2,

55

60.2 122

498

(22.0%)

308

(13.6%)

1,

(57.5%)

154

(6.8%)

318

(12.9%)

1,

(56.9%)

598

(24.1%)

1 - 4) 3rd Quarter FY2020 Financial Results Japan Revenue & Operating Profit

Volume & Model mix

Operating Profit Variance Analysis

Large

Medium

SUV ・
MPV

Compact

(1,000 units)

3 Q

FY

3 Q

FY

Profit & Loss

(100 million yen)

Volume

increase

Model &

product

mix

Effort to

offset

Increased

overhead

costs

3 Q FOREX Others

FY

(IFRS)

3 Q

FY

(IFRS)

Changes in product

prices - 47.

Wage up - 6.

Cost reduction efforts + 55.

Labor costs - 3.

Expenses +3.

Depreciation costs - 16.

Adjustment

for transfer

price tax

etc.

(100 million yen)

3Q FY19 3Q FY20 Change

Revenue

Operating profit

Operating profit ratio

Higher Profit due to influence of adjustment for transfer price tax last year, despite

changes in product prices, increased expenses, and other negative factors

1,

1,

187

281

963

(53.5%)

147

(8.2%)

26

(1.4%)

664

(36.9%)

164

(9.1%)

70

(3.9%)

596

(33.0%)

974

(54.0%)

1 - 4) 3rd Quarter FY2020 Financial Results Asia & Oceania Revenue & Operating Profit

Volume & Model mix

Operating Profit Variance Analysis

Profit & Loss

Large

Medium

SUV ・
MPV

Compact

(1,000 units)

3 Q

FY

3 Q

FY

3Q FY19 3Q FY20 Change

Revenue

Operating profit

Operating profit ratio

(100 million yen)

Volume

increase

Model &

product

mix

Effort to

offset

Increased

overhead

costs

3 Q FOREX Others

FY

(IFRS)

3 Q

FY

(IFRS)

Changes in product

prices - 47.

Wage up - 6.

Cost reduction efforts + 47.

Labor costs - 3.

Expenses - 7.

Depreciation costs - 0.

Adjustment

for transfer

price tax

etc.

(100 million yen)

52

654

618

508

(77.7%)

33

(5.1%)

10

(1.5%)

102

(15.6%)

30

(4.9%)

12

(2.0%)

102

(16.6%)

473

(76.6%)

1 - 4) 3rd Quarter FY2020 Financial Results Europe & Africa Revenue & Operating Profit

Volume & Model mix

Operating Profit Variance Analysis

Profit & Loss

Large

Medium

SUV ・
MPV

Compact

(1,000 units)

3 Q

FY

3 Q

FY

3Q FY19 3Q FY20 Change

Revenue

Operating profit

Operating profit ratio

(100 million yen)

Volume

increase

Model &

product

mix

Effort to

offset

Increased

overhead

costs

3 Q FOREX Others

FY

(IFRS)

3 Q

FY

(IFRS)

Changes in product

prices - 2.

Wage up - 5.

Cost reduction efforts + 4.

Labor costs - 5.

Expenses - 2.

Depreciation costs - 3.

Fund leakage in

Europe, etc. - 34.

(100 million yen)

Lower Profit due to volume decrease and higher start-up costs, as well as impact of

the fund leakage incident in Europe

FY2019 results FY2020 forecasts

(Latest)

YOY Change

Revenue 14,

14,

  • 173

Operating Profit 612

530

  • 82

Profit before income taxes 614

540

  • 74

Profit* 274

250

  • 24

Exchange

Rate

USD 111 yen 108 yen

  • 3 yen (strong yen)

EUR 128 yen 121 yen

  • 7 yen (strong yen)
 Lower revenue due to Forex impact, etc. in spite of volume increase in Japan and the Americas
 Lower profit due to incresed expeneses as well as impact of the fund leakage incident in Europe
despite volume increase

Comparison with

last year

 Taking into account the recent performance and exchange rates, forecasts for revenue and operating
profit, profit before income taxes have been revised upward.
 Operating Profit revisions: Japan +10 Asia & Oceania +

Comparison with 2Q

announced

forecasts

2 - 1) FY2020 Financial Forecasts

Overview of Consolidated Financial Forecasts

[IFRS] [IFRS]

  • Profit Attributable to Owners of Parent

Earnings per share 147.85 yen 134.02 yen - 13.83 yen

FY2020 forecasts

(2Q announced)

13,

500

510

250

134.02 yen

107 yen

118 yen

(100 million yen)

[IFRS]

751

  • 26

+3.4%

  • 13

  • 4 .3%

  • 16

+14.1%

  • 0

+0.1%

  • 4
  • 4 .1%

316

111

235

89

776

329

127

235

85

2 - 2) FY2020 Financial Forecasts Seat Assembly Production by Region

Total By Region

(10,000 units) (10,000 units)

FY2019 FY

FY2019 FY

Japan The Americas

Asia &

Oceania

Europe &

Africa

YOY Change

Pct Change

1,

1,

255

(22.9%)

858

(77.1%)

970

(76.3%)

301

(23.7%)

3,

3,

731

(23.2%)

428

(13.6%)

1,

(56.6%)

210

(6.6%)

419

(12.7%)

1,

(56.5%)

202

(6.1%)

810

(24.6%)

2 - 4) FY2020 Financial Forecasts Revenue & Operating Profit by Region

Profit & Loss

Volume & Model mix

Profit & Loss

Volume & Model mix

FY

Forecast

FY

Actual

FY

Forecast

FY

Actual

FY19 Actual

FY20 Forecasts

Change

Revenue

Operating profit

Operating profit ratio

(100 million yen)

Large

Medium

(1,000 units)

SUV ・
MPV

Compact

FY19 Actual

FY20 Forecasts Change

Revenue

Operating profit

Operating profit ratio

(100 million yen)

SUV ・
MPV

Compact

Japan The Americas

Higher profit due to volume increase and impact of

adjustment for transfer price tax last year in spite of

product price change and overhead costs increase

Lower profit due to product and model mix change,

start-up costs increase, and impact of adjustment for

transfer price tax last year in spite of volume increase

(1,000 units)

873

(37.2%)

2,

2,

1,

(53.3%)

189

(8.1%)

215

(9.2%)

1,

(53.9%)

33

(1.4%)

779

(33.1%)

91

(3.9%)

139

(15.6%)

891

854

694

(77.9%)

45

(5.0%)

40

(4.7%)

660

(77.3%)

13

(1.5%)

137

(16.1%)

16

(1.9%)

2 - 4) FY2020 Financial Forecasts Revenue & Operating Profit by Region

Asia & Oceania Europe & Africa

Compact

Large

Medium

SUV ・
MPV

FY19 Actual FY20 Forecasts Change

Revenue 3,528 3,500 -

Operating profit 262 350 87

Operating profit ratio 7.4% 10.0%

Profit & Loss (100 million yen)

FY

Forecast

FY

Actual

(1,000 units)

Higher profit due to impact of adjustment for transfer

price tax last year in spite of product and model mix

change and changes in product prices

SUV ・
MPV

Compact

Large

Medium

FY

Forecast

FY

Actual

(1,000 units)

FY19 Actual FY20 Forecasts Change

Revenue 992 900 -

Operating profit 76 20 -

Operating profit ratio 7.7% 2.2%

(100 million yen)

Lower profit due to volume decrease and higher

strat-up costs as well as impact of the fund leakage

incident in Europe

Profit & Loss

126

52 39

453

427

215

250

288

323

594

719

711

580

530

FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020(Fcst)

Devidend(¥)

Operating income (100 million yen)

Profit attribute to owners of parent (100 million yen)

18

50

30

18

56 54

Interim

FY-end

56

Trends in dividend, operating profit, and

profit attributable to owners of parent

2 - 6) FY2020 Financial Forecasts Returning to Shareholders

 For FY2020, we plan to pay an annual per-share dividend of 56 yen, same as

FY2019.

 We keep long-term sustainable dividends, comprehensively taking our

consolidated financial results into account.

JGAAP ◀ ▶ IFRS

2. FY2020 Financial Forecasts

1. 3rd Quarter FY2020 Financial Results

Financial Results

3. Appendix