Financial Results
FY2020
Ended Dec 31, 2019
3rd Quarter
Prepare for your exams
Study with the several resources on Docsity
Earn points to download
Earn points by helping other students or get them with a premium plan
Guidelines and tips
Prepare for your exams
Study with the several resources on Docsity
Earn points to download
Earn points by helping other students or get them with a premium plan
Community
Ask the community
Ask the community for help and clear up your study doubts
University Rankings
Discover the best universities in your country according to Docsity users
Free resources
Our save-the-student-ebooks!
Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors
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
1 / 26
This page cannot be seen from the preview
Don't miss anything!
Related documents
Partial preview of the text
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% ー
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% ー
(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