05 12-14 hino motors-results_q4_2014-1
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05 12-14 hino motors-results_q4_2014-1 05 12-14 hino motors-results_q4_2014-1 Presentation Transcript

  • 1/20IR January 30, 2014 Hino Motors, Ltd. January 30, 2014 Hino Motors, Ltd. Financial Results for Third Quarter of FY2014 (From April 1, 2013 to December 31, 2013) Financial Results for Third Quarter of FY2014 (From April 1, 2013 to December 31, 2013)
  • 2/20IR 1. Sales Turnover
  • 3/20IR Quarterly sales marked a record high for both 3 months and 9 months. Global Unit Sales 890 1,157 1,373 1,250 2,033 2,261 1,939 2,517 3,125 3,757 19,123 18,757 10,421 13,452 12/10-12 13/10-12 2,772 3,176 3,996 3,956 6,209 6,632 6,195 7,110 9,036 10,535 56,346 56,436 30,039 34,525 12/4-12 13/4-12 3Q (3 months) 3Q (9 months) Japan Asia Centraland South America North America Europe/Africa Oceania Middle East +7,777 units (+6.8%) Japan Asia Centraland South America North America Europe/Africa Oceania Middle East +4,247 units (+10.9%) 43,151 38,904 122,370 114,593
  • 4/20IR ・Cumulative total for 9 months: the largest share in history ・3 months: over a 30% share for the first time since Jan.-Mar. 2013 (31.5%) Truck and Bus Market in Japan 10,421 13,452 28.6% 30.3% 12/10-12 13/10-12 44,394 36,460 3Q (3 months) 30,039 34,525 27.6% 28.2% 12/4-12 13/4-12 108,967 122,319 3Q (9 months) Total demand :+7,934 units (+21.8%) Hino's sales :+3,031 units (+29.1%) Hino's sales Total demand Hino's share Total demand :+13,352 units (+12.3%) Hino's sales :+ 4,486 units (+14.9%) Hino's share Hino's sales Total demand
  • 5/20IR Sales Volumes in Thailand and Indonesia ※The parenthesis represents the sales volume of light-duty trucks. ・Indonesia: Domestic demand remains healthy. Sales volume increased. ・Thailand: In the last quarter (Oct.-Dec.), sales volume decreased due to the worsening of the economic environment and political instability. 4,976 3,855 8,992 9,446 12/10-12 13/10-12 12/10-12 13/10-12 Thailand Indonesia (326) (3,670) (4,296)(714) 25,365 26,111 12/4-12 13/4-12 12/4-12 13/4-12 Thailand Indonesia (1,456) (1,475) (10,872) (11,221) 13,261 14,054 3Q (3 months) 3Q (9 months) -1,121 units (-22.5%) +454 units (+5.0%) +793 units (+6.0%) +746 units (+2.9%)
  • 6/20IR Consolidated Unit Sales of Toyota Brand Vehicles ・SUV: The sales volume of Prado targeted at the Middle East increased. ・Loading Vehicles: The sales volume of Dyna (manufactured by Hino Indonesia) decreased. 32,289 38,681 14,791 8,486 12/10-12 13/10-12 SUV Loading Vehicles 3Q (3 months) 47,16747,080 95,211 111,971 37,608 27,688 12/4-12 13/4-12 SUV Loading Vehicles 3Q (9 months) 132,819 139,659 +87 units (+0.2%) +6,840 units (+5.1%)
  • 7/20IR 1,593 3,825 2,423 2,276 12/10-12 13/10-12 4,016 6,101 11,021 8,647 8,627 8,197 12/4-12 13/4-12 19,648 16,844 +2,085 units (+51.9%) -2,804 units (-14.3%) Consolidated Unit Sales of Engines ・Cumulative total for 9 months: The sales volume of engines targeted at China decreased. ・3 months: Sales volume increased, because the inventory adjustment in China has progressed. Japan Japan Overseas Overseas
  • 8/20IR 2. Consolidated Financial Results (9 Months)
  • 9/20IR Record-high results for the third quarter period (9 months) Consolidated Income Statements ★Record high for the third quarter period (9 months) (Billions of yen) Item Change Change (%) Net sales 1,252.2 1,103.9 +148.3 +13.4% <+3.3p> Operating income 91.0 43.8 +47.2 2.1 times <+2.9p> Ordinary income 87.7 44.7 +43.0 +96.0% <+2.0p> Net income 59.3 30.0 +29.3 +97.8% Note: Figures in parentheses (<>) indicate income margin. <Exchange rate> US$ 99 80 A$ 94 82 THB 3.23 2.57 IDR(100) 0.94 0.85 FY2014 3Q ('13/4-12) FY2013 3Q ('12/4-12) <7.3%> <4.0%> <4.7%> <2.7%> <7.0%> <4.1%> ★ ★ ★ ★
  • 10/20IR Net sales and operating income by all segments reached record highs. Consolidated Operating Income by Segments ★Record high for the third quarter period (9 months) (Billions of yen) Net sales Operating income <6.9%> <3.3%> +10.3% 2.3 times Japan 1,002.8 69.1 909.2 29.9 +93.6 +39.2 <6.1%> <4.4%> +15.0% +61.5% Asia 345.3 21.2 300.2 13.1 +45.1 +8.1 <6.3%> <2.1%> +25.1% 3.7 times 128.3 8.1 102.6 2.2 +25.7 +5.9 Consolidated adjustment (224.2) (7.4) (208.1) (1.4) -16.1 -6.0 <7.3%> <4.0%> +13.4% 2.1 times Total 1,252.2 91.0 1,103.9 43.8 +148.3 +47.2 Change Other Areas Note: Figures in parentheses (<>) indicate operating income margin. FY2014 3Q ('13/4-12) FY2013 3Q ('12/4-12) Net sales Operating income Net sales Operating income ★ ★ ★ ★ ★ ★ ★ ★
  • 11/20IR Increase in net income due to increase in Japanese domestic and overseas sales volume, cost improvement and yen depreciation. Analysis of Consolidated Net Income 17.6 13.5 (17.9) 59.3 30.0 Effects of sales Improvement in cost of sales FY2013 3Q Results ('12/4-12) FY2014 3Q Results ('13/4-12) 22.6 Environmental change Change in cost structure, etc (6.5) (Billions of yen) Income taxes Minority interests etc. Operating income+47.2 billion yen (43.8 billion yen →91.0 billion yen) Net income+29.3 billion yen (30.0 billion yen →59.3 billion yen)
  • 12/20IR Trends in the Quarterly Consolidated Sales and Operating Income
  • 13/20IR 3. Sales Forecasts for FY2014
  • 14/20IR 123.2 182.8 116.0 187.5 111.0 185.8 46.9 49.8 43.7 1 2 3 4 5 6 7 8FY2014 forecasts announced on Oct. 29, 2013 The most recent forecasts for FY2014 Japan Overseas Overseas Toyota Brand Toyota Brand Overseas Toyota Brand Japan Japan (Thousand units) (-4.3) (For reference) Result for FY2013 ※The parenthesis represents the difference from the estimate as of Oct. 29, 2013. (-7.2) (+2.9) (+4.7) Japan: As demand is steady, the estimate announced on Oct. 29, 2013 has been revised upwardly and increased by 2.9 thousand. Overseas: Considering the recent sales situation in emerging countries, the estimate has been revised downwardly and decreased by 7.2 thousand. Global Unit Sales 170.1 165.8 154.7
  • 15/20IR 4. Consolidated Financial Forecasts for FY2014
  • 16/20IR (Billions of yen) Item FY2014 ('13/4-'14/3) Forecasts FY2014 ('13/4-'14/3) Forecasts announced on Oct. 29, 2013 Change Change(%) FY2013 ('12/4-'13/3) Results Change Change(%) Net sales 1,680.0 1,680.0 - - 1,541.4 +138.6 +9.0% <6.5%> <6.0%> <+0.5p> <4.2%> <+2.3p> Operating income 110.0 100.0 +10.0 +10.0% 65.1 +44.9 +68.9% <6.3%> <5.7%> <+0.6p> <4.3%> <+2.0p> Ordinary income 105.0 96.0 +9.0 +9.4% 66.9 +38.1 +56.9% <4.6%> <4.3%> <+0.3p> <3.1%> <+1.5p> Net income 77.5 72.0 +5.5 +7.6% 47.7 +29.8 +62.5% Note: Figures in parentheses (<>) indicate income margin. <Exchange rate> US$ 99 97 82 A$ 94 92 85 THB 3.22 3.16 2.70 IDR(100) 0.92 0.91 0.87 4-12実績 1-3計画 99 100 94 90 3.23 3.09 0.94 0.83 Considering the recent trends of exchange rates and material market, etc., the estimated operating income announced on Oct. 29, 2013 has been revised upwardly and increased by 10 billion yen. Consolidated Income Statements 4-12 results 1-3 estimate
  • 17/20IR Analysis of Consolidated Operating Income (Comparison with forecasts announced on Oct. 29, 2013) Operating income +10.0 billion yen (100.0 billion yen → 110.0 billion yen) (Billions of yen) ±0 8.0 110.0 Effects of sales Environmental change FY2014 ('13/4-'14/3) Forecasts announced on Oct. 29, 2013 FY2014 ('13/4-'14/3) Forecasts 100.0 Change in cost structure, etc 2.0
  • 18/20IR 5. [Reference] Consolidated Results (3 months)
  • 19/20IR [Reference] Consolidated Income Statements (3 months) Net sales and all incomes increased from the previous year. (Billions of yen) Item Change Change (%) Net sales 416.8 358.5 +58.3 +16.3% <+3.4p> Operating income 30.5 14.1 +16.4 2.2 times <+2.6p> Ordinary income 30.2 16.6 +13.6 +81.3% <+1.5p> Net income 19.8 11.4 +8.4 +72.6% Note: Figures in parentheses (<>) indicate income margin. <Exchange rate> US$ 99 80 A$ 93 84 THB 3.16 2.61 IDR(100) 0.88 0.83 FY2014 3Q ('13/10-12) FY2013 3Q ('12/10-12) <3.2%><4.7%> <7.3%> <3.9%> <7.2%> <4.6%>
  • 20/20IR [Reference] Analysis of Consolidated Net Income (3 months) Increase in income due to the growth of sales volume in Japan, cost improvement, and yen depreciation 6.6 3.1 5.3 (8.0) 19.8 11.4 Effects of sales Environmental change Improvement in cost of sales Income taxes Minority interests etc. Change in cost structure, etc 1.4 (Billions of yen)Operating income +16.4 biilion yen (14.1 billion yen → 30.5 billion yen) Net income +8.4 billion yen (11.4 billion yen → 19.8 billion yen) FY2013 3Q Results ('12/10-12) FY2014 3Q Results ('13/10-12)