0http://www.fhi.co.jp/english/ir/index.htmlBusiness Results of FYE 2013Fuji Heavy Industries Ltd.President & CEO Yasuyuki ...
1http://www.fhi.co.jp/english/ir/index.htmlFYE2012FYE2013 1631723903096155 48605650640724Japan North AmericaEuropeRussiaCh...
2http://www.fhi.co.jp/english/ir/index.html+13.2%724 thousand units640 thousand unitsConsolidatedAutomobile Sales¥82/US$1,...
3http://www.fhi.co.jp/english/ir/index.htmlFYE2013(Actual results)FYE2014(Plan)1561634203905461 50706051724752752thousand ...
4http://www.fhi.co.jp/english/ir/index.html+3.7%752 thousand units724 thousand unitsConsolidatedAutomobile Sales¥90/US$1,1...
5http://www.fhi.co.jp/english/ir/index.html279 280358 385378 360367367FYE2011 FYE2012 FYE2013 FYE2014 FYE2016657 640724 75...
6http://www.fhi.co.jp/english/ir/index.html201320122011 20152014IMPREZAXVFORESTERBRZFMC FMC FMCNew ConceptNew boxer engine...
7http://www.fhi.co.jp/english/ir/index.htmlInvestment for Future Growth- Echo-friendly products -SUBARU XV HYBRID Subaru’...
8http://www.fhi.co.jp/english/ir/index.htmlAbout US$400 million investmentto increase production capacity at SIAInvestment...
9http://www.fhi.co.jp/english/ir/index.html Production capacity will be increased by about 100,000 units by utilizinga cu...
10http://www.fhi.co.jp/english/ir/index.html522 572 587 602 602 602170170 170 170 200300Mar. 2012 Aug. 2012 Jan. 2013 Summ...
11http://www.fhi.co.jp/english/ir/index.htmlCapexR&D330 billion yen(66 billion yen per year)Actual results-FYE 2012: 70.2 ...
12http://www.fhi.co.jp/english/ir/index.html¥10.0¥5.0¥4.5End of2nd Quarter¥20.0¥10.0PlanFYE 2014¥15.0¥10.0Actual ResultsFY...
13http://www.fhi.co.jp/english/ir/index.htmlMid-term Management PlanPlans for FYE 2014Consolidated automobile sales : 385,...
14http://www.fhi.co.jp/english/ir/index.htmlBoard of DirectorsCandidates of director of the board (as of Jun. 21, 2013)Tos...
15http://www.fhi.co.jp/english/ir/index.htmlCorporate AuditorsStandingcorporate auditorsMasakazu Kimura(current title: Cor...
16http://www.fhi.co.jp/english/ir/index.htmlThank you !
0http://www.fhi.co.jp/english/ir/index.htmlPresentation of Business Resultsof the FYE 2013Fuji Heavy Industries Ltd.May 8,...
1http://www.fhi.co.jp/english/ir/index.htmlFinancial results of the FYE March 2013Projections for the FYE March 2014 Led ...
2http://www.fhi.co.jp/english/ir/index.htmlBusiness results of the FYE March 2013Business results ofBusiness results of th...
3http://www.fhi.co.jp/english/ir/index.html+93.8561.3467.5Overseas total+1.950.248.3China+1.238.136.9Australia+4.432.628.2...
4http://www.fhi.co.jp/english/ir/index.html+¥4/US$¥82/US$¥79/US$FHI exchange rate+6331,006373Ordinary income+7651,204440Op...
5http://www.fhi.co.jp/english/ir/index.html4401,204817315-650-10293+76.5 billion yenUS$ : +260EURO : -5CA$ : +19Currency e...
6http://www.fhi.co.jp/english/ir/index.html2012年3月期 2013年3月期 2012年3月期 2013年3月期+28.1 % +181.7 %FYE 2012 FYE2013 FYE2012 FYE...
7http://www.fhi.co.jp/english/ir/index.html2012年3月期 2013年3月期 2012年3月期 2013年3月期+11.1% +136.6 %2968803891Aerospace Segment (...
8http://www.fhi.co.jp/english/ir/index.html2012年3月期 2013年3月期2012年3月期 2013年3月期-10.3 % +27.2 %33630156FYE 2012 FYE2013 FYE20...
9http://www.fhi.co.jp/english/ir/index.html+32-10-42Provision for loss on transfer of business-27610287Gain on sales of no...
10http://www.fhi.co.jp/english/ir/index.html+1,4515,9544,503Shareholder’s equity+1,1283,0141,885Retained earnings+1,8159,4...
11http://www.fhi.co.jp/english/ir/index.html+3042,5812,277Cash and cash equivalents at beginningof period+215213-1Increase...
12http://www.fhi.co.jp/english/ir/index.html+10.6181.2170.6Subaru production(Thousand units)SIAActual ResultsFYE 2012Actua...
13http://www.fhi.co.jp/english/ir/index.htmlOutlook for the term Ending FYE March 2014Outlook for the term Ending FYE Marc...
14http://www.fhi.co.jp/english/ir/index.html+34.7596.0561.3Overseas Total+1.051.250.2China+4.442.538.1Australia+2.935.532....
15http://www.fhi.co.jp/english/ir/index.html+¥8/US$¥90/US$¥82/US$FHI exchange rate+7441,7501,006Ordinary income+5961,8001,...
16http://www.fhi.co.jp/english/ir/index.html1,2041,80037-99-101120639+59.6 billion yenUS$ : +613EURO : +37CA$ : +42Currenc...
17http://www.fhi.co.jp/english/ir/index.html-16.8164.4181.2Subaru production(Thousand units)SIAActual resultsFYE 2012PlanF...
18http://www.fhi.co.jp/english/ir/index.html3,410481537543Actual ResultsFYE 2012-9550559Depreciation-2722,8003,072Interest...
19http://www.fhi.co.jp/english/ir/index.htmlAppendixAppendixAppendix
20http://www.fhi.co.jp/english/ir/index.html+7651,204440+3,95919,13015,171TotalOperating incomeNet sales+5-35+89+3,899Incr...
21http://www.fhi.co.jp/english/ir/index.html+7651,204440+3,95919,13015,171TotalOperating incomeNet sales+1,074+1,759+1,125...
22http://www.fhi.co.jp/english/ir/index.html+2,22512,41110,186Total1,0471,1321,2728,960+1441,128EuropeActual ResultsFYE 20...
23http://www.fhi.co.jp/english/ir/index.html+69.0384.0315.0Number of vehiclesexported+66.2736.4670.3Total+10.5185.7175.3Co...
24http://www.fhi.co.jp/english/ir/index.html-3.1146.3149.4Overseas Total-0.89.910.7China-3.09.912.8Australia-0.49.09.5Cana...
25http://www.fhi.co.jp/english/ir/index.html+¥11/US$¥89/US$¥78/US$FHI exchange rate+28637286Ordinary income+309470161Opera...
26http://www.fhi.co.jp/english/ir/index.html1614706-13-49103262+30.9 billion yenUS$ : +207EURO : +15CA$ : +19Currency exch...
27http://www.fhi.co.jp/english/ir/index.html-1.3561.3562.7Overseas Total±050.250.2China-0.638.138.7Australia+0.032.632.6Ca...
28http://www.fhi.co.jp/english/ir/index.html+¥1/US$¥82/US$¥82/US$FHI exchange rate+161,006990Ordinary income+1341,2041,070...
29http://www.fhi.co.jp/english/ir/index.html1,0701,20420 9 -4318130+13.4 billion yenUS$ : +63EURO : +8CA$ : +5Currency exc...
30http://www.fhi.co.jp/english/ir/index.html+26.5303.0276.4Overseas Total-5.820.826.6China-1.420.622.0Australia+2.418.716....
31http://www.fhi.co.jp/english/ir/index.html+¥10/US$¥90/US$¥80/US$FHI exchange rate+472925453Ordinary income+517950433Oper...
32http://www.fhi.co.jp/english/ir/index.html43395090-39-143162447+51.7 billion yenUS$ : +387EURO : +18CA$ : +31Currency ex...
33http://www.fhi.co.jp/english/ir/index.html+8.1293.0284.9Overseas Total+6.930.423.6China+5.821.816.1Australia+0.416.816.3...
34http://www.fhi.co.jp/english/ir/index.html+¥6/US$¥90/US$¥84/US$FHI exchange rate+272825553Ordinary income+78850772Operat...
35http://www.fhi.co.jp/english/ir/index.html772 85030-60-12541192+7.8 billion yenUS$ : +226EURO : +19CA$ : +11Currency exc...
36http://www.fhi.co.jp/english/ir/index.html3,7034,3373,7064,0593,0043,5463,7444,8774,691 4,7275,4224,28934747030125917316...
37http://www.fhi.co.jp/english/ir/index.html157169118148166208183 178 1981811501668.7%8.0%6.4%5.5%4.0%3.3%2.4%2.3%3.6%2.6%...
38http://www.fhi.co.jp/english/ir/index.html162 164196 196182 178197207174161136111138203177172167191158150147162156160050...
39http://www.fhi.co.jp/english/ir/index.html2466403977847-4228322177864695387137.7%35.2%34.2%33.7%33.6% 33.3%33.7%34.2%34....
40http://www.fhi.co.jp/english/ir/index.html3,473 3,3673,1793,3063,965 3,8663,6883,410 3,381 3,301 3,2363,0720.690.520.640...
41http://www.fhi.co.jp/english/ir/index.htmlThank you !
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05 19-13 fhi presentation-q4_2013

  1. 1. 0http://www.fhi.co.jp/english/ir/index.htmlBusiness Results of FYE 2013Fuji Heavy Industries Ltd.President & CEO Yasuyuki YoshinagaMay 8, 2013
  2. 2. 1http://www.fhi.co.jp/english/ir/index.htmlFYE2012FYE2013 1631723903096155 48605650640724Japan North AmericaEuropeRussiaChinaOthers724thousand unitsConsolidatedAutomobile Sales(Record-high)Business Results of FYE 2013thousandunitsthousandunits
  3. 3. 2http://www.fhi.co.jp/english/ir/index.html+13.2%724 thousand units640 thousand unitsConsolidatedAutomobile Sales¥82/US$1,1961,0061,20419,130Actual ResultsFYE 2013+¥4/US$¥79/US$FHI Exchange Rate+211.0%385Net Income+169.9%373Ordinary Income+173.9%440Operating Income+26.1%15,171Net SalesYoYActual ResultsFYE 2012(100 million yen)Record- high Net sales and all profits hit a record high in FYE 2013.Business Results of FYE 2013Record- highRecord- highRecord- highRecord- high
  4. 4. 3http://www.fhi.co.jp/english/ir/index.htmlFYE2013(Actual results)FYE2014(Plan)1561634203905461 50706051724752752thousand unitsPlan of FYE 2014ConsolidatedAutomobile Sales(Record-high)Japan North AmericaEuropeRussia OthersChinathousandunitsthousandunits
  5. 5. 4http://www.fhi.co.jp/english/ir/index.html+3.7%752 thousand units724 thousand unitsConsolidatedAutomobile Sales¥90/US$1,1001,7501,80020,500PlanFYE 2014+¥8/US$¥82/US$FHI Exchange Rate-8.0%1,196Net Income+73.9%1,006Ordinary Income+49.5%1,204Operating Income+7.2%19,130Net SalesYoYActual ResultsFYE 2013 Sales growth expected in North America, China and Australia A new record high expected in automobile sales, net sales, ordinary income and operatingincome for the second consecutive year(100 million yen)Record- highRecord- highRecord- highRecord- highProjections for FYE 2014
  6. 6. 5http://www.fhi.co.jp/english/ir/index.html279 280358 385378 360367367FYE2011 FYE2012 FYE2013 FYE2014 FYE2016657 640724 752850U.S.Others Automobile sales growth continues at a good pace toward the finaltarget of 850 thousand units in FYE 2016. Sales growth in the US is at a more rapid rate than the original plan.(Last Year ofMid-term Business Plan)Consolidated Automobile Sales(Plan)(1,000 cars)
  7. 7. 6http://www.fhi.co.jp/english/ir/index.html201320122011 20152014IMPREZAXVFORESTERBRZFMC FMC FMCNew ConceptNew boxer engine + CVT equipped on all modelsTurbo charged direct injection boxer engineHybrid introduction in Japan first( SUBARU XV Hybrid )Focusing - Differentiating - Strategy for value added products
  8. 8. 7http://www.fhi.co.jp/english/ir/index.htmlInvestment for Future Growth- Echo-friendly products -SUBARU XV HYBRID Subaru’s new approach to vehicle electrification Hybrid with “Fun to Drive”
  9. 9. 8http://www.fhi.co.jp/english/ir/index.htmlAbout US$400 million investmentto increase production capacity at SIAInvestment for Future Growth- Enhancement of production capacity at SIA -$160M$40M$200M・ Existing line expansion・ Bridge production・ New paint plant
  10. 10. 9http://www.fhi.co.jp/english/ir/index.html Production capacity will be increased by about 100,000 units by utilizinga current production line at SIA. The start of full-scale production is planned at the end of 2016100200ContractmanufacturinglineSubaru carslineSIA total:300 thousand units100100200Subaru cars &contractmanufacturinglineSubaru carslineSIA total:400 thousand units■ 2014 ■ End of 2016Subaru carsproductionAdditionalSubaru carsproductionSubaru carsproductionInvestment for Future Growth- Enhancement of production capacity at SIA -
  11. 11. 10http://www.fhi.co.jp/english/ir/index.html522 572 587 602 602 602170170 170 170 200300Mar. 2012 Aug. 2012 Jan. 2013 Summer2013Summer2014End of 2016Japan SIAProduction Capacity692 742 757 772 802(Plan) (Plan)Increase ofproductioncapacity atSIAIncrease ofproductioncapacity atSIAIncrease ofproductioncapacity atMain plantIncrease ofproductioncapacity atMain plantStart ofbridgeproductionbetweenMain plantand YajimaStart ofpassengercarsproductionat GunmaMain plant902Current Mid-term Management Plan “Motion-Ⅴ”Next Mid-termManagement Plan(1,000 cars)
  12. 12. 11http://www.fhi.co.jp/english/ir/index.htmlCapexR&D330 billion yen(66 billion yen per year)Actual results-FYE 2012: 70.2 billion yenMotion-ⅤFYE2012‐FYE2016(Five years)Actual results-FYE 2011: 48.1 billion yenActual results-FYE 2012: 49.1 billion yenPlan-FYE 2013: 67.0 billion yenActual results-FYE 2011: 54.3 billion yenPlan-FYE 2013: 59.0 billion yen250 billion yen(50 billion yen per year )Investment Plansimple averagesimple average
  13. 13. 12http://www.fhi.co.jp/english/ir/index.html¥10.0¥5.0¥4.5End of2nd Quarter¥20.0¥10.0PlanFYE 2014¥15.0¥10.0Actual ResultsFYE2013¥9.0¥4.5Actual ResultsFYE 2012Year TotalEnd of4th QuarterStock Dividend Considering the business result for the FYE 2013, a year-end dividendper share will be increased by 5 yen to 10 yen. The projected dividend per share for the full fiscal year endingMarch 2014 will be increased to 20 yen.
  14. 14. 13http://www.fhi.co.jp/english/ir/index.htmlMid-term Management PlanPlans for FYE 2014Consolidated automobile sales : 385,000 units in U.S.Consolidated operating income : 180 billion yenAssessing the progress of the plan andexamining necessary measuresto achieve further and solid growth
  15. 15. 14http://www.fhi.co.jp/english/ir/index.htmlBoard of DirectorsCandidates of director of the board (as of Jun. 21, 2013)Toshio ArimaRepresentative Directorof the BoardPresident & CEOYasuyuki YoshinagaRepresentative Directorof the BoardDeputy PresidentJun KondoDirector of the BoardCorporate ExecutiveVice PresidentAkira MabuchiNaoto MutoTomohiko IkedaMitsuru TakahashiTakeshi Tachimori *Outside Director* newly-appointed
  16. 16. 15http://www.fhi.co.jp/english/ir/index.htmlCorporate AuditorsStandingcorporate auditorsMasakazu Kimura(current title: Corporate advisor of FHI)Norio Saito(current title: Standing corporate auditor ofSubaru Kohsan Co., Ltd.)Retiring auditorsShunsuke TakagiHiroyuki OikawaCurrent corporate auditors Nobushige Imai and Takatoshi Yamamotoare during their terms of office.Therefore, the total number of corporate auditors will be four afterJune 21, 2013.Candidates of corporate auditors (as of Jun. 21, 2013)
  17. 17. 16http://www.fhi.co.jp/english/ir/index.htmlThank you !
  18. 18. 0http://www.fhi.co.jp/english/ir/index.htmlPresentation of Business Resultsof the FYE 2013Fuji Heavy Industries Ltd.May 8, 2013
  19. 19. 1http://www.fhi.co.jp/english/ir/index.htmlFinancial results of the FYE March 2013Projections for the FYE March 2014 Led by increased sales of the Impreza in all markets as well as good sales of the BRZ,consolidated automobile sales recorded the highest 724 thousand units. Due to overall good automobile sales, consolidated net sales was 1,913.0 billion yen,hitting a record high. While the new model launches increased expenses such as SG & A costs, improvements onproduct mix, cost reduction efforts and the correction of the strong yen brought all-timerecord revenues: operating income of 120.4 billion yen; ordinary income of 100.6 billion yen;and net income of 119.6 billion yen. Consolidated automobile sales are planned to post all-time high with 752 thousand units(plus 27 thousand units compared to the previous fiscal year), due to full-scale sales of theall-new Forester in overseas markets and expected sales growth in overseas markets,specifically in the US. Predicted on the advances being made in overseas markets, specifically in the US, thecorrection of the strong yen and cost reductions, projections for the net sales, operatingincome and ordinary income for the fiscal 2014 mark all-time highs, at 2,050.0 billion yen,180.0 billion yen and 175.0 billion yen respectively, while net income is projected to amountto 110.0 billion yen.Summary
  20. 20. 2http://www.fhi.co.jp/english/ir/index.htmlBusiness results of the FYE March 2013Business results ofBusiness results of the FYE March 2013the FYE March 2013
  21. 21. 3http://www.fhi.co.jp/english/ir/index.html+93.8561.3467.5Overseas total+1.950.248.3China+1.238.136.9Australia+4.432.628.2Canada+77.2357.6280.4U.S.-9.2163.1172.3Domestic total-41.850.492.2MinicarsActual Results9 monthsFYE 2012Actual Results9 monthsFYE 2013Increase /DecreasePassenger cars 80.2 112.8 +32.6Russia 15.9 14.7 -1.1Europe 39.1 46.4 +7.3Others 18.7 21.7 +3.0Total 639.9 724.5 +84.6Consolidated Automobile Sales* Canada figures of FYE2012 and China figures of FYE2013 are consolidated on the calendar year basis from Jan. to Dec.(1,000 cars)
  22. 22. 4http://www.fhi.co.jp/english/ir/index.html+¥4/US$¥82/US$¥79/US$FHI exchange rate+6331,006373Ordinary income+7651,204440Operating income+2,22512,41110,186Overseas+1,7336,7184,985DomesticActual Results9 monthsFYE 2012Actual Results9 monthsFYE 2013Increase /DecreaseNet sales 15,171 19,130 +3,959Income beforetaxes and minorityinterests529 931 +402Net income 385 1,196 +811Consolidated Statements of Income(100 Million Yen)
  23. 23. 5http://www.fhi.co.jp/english/ir/index.html4401,204817315-650-10293+76.5 billion yenUS$ : +260EURO : -5CA$ : +19Currency exchange adjustment : +19FHI : +276SIA : +39Analysis of Increase and Decreasein Operating Income Changes (consolidated)Improvementof salesvolume &mixture andothersReductionin costIncrease ofSG&Aexpensesand othersGain oncurrencyexchangeIncreaseof R&DexpensesDomestic : Improvement of sales volume & mixtureOverseas : Improvement of sales volume & mixture Increase offixed cost andSG&A expensesDecrease ofwarrantyclaimsOperating incomeOperating incomeFYE 2012FYE 2012Operating incomeOperating incomeFYE 2013FYE 2013(100 Million Yen)
  24. 24. 6http://www.fhi.co.jp/english/ir/index.html2012年3月期 2013年3月期 2012年3月期 2013年3月期+28.1 % +181.7 %FYE 2012 FYE2013 FYE2012 FYE201313,89117,7903941,110Net sales Operating income(100 Million Yen)Automobile Segment (Consolidated) Both net sales and operating income increased from the same period of theprevious fiscal year. Improvements of product mix and cost reduction efforts offset SG & A costincrease by sales growth.
  25. 25. 7http://www.fhi.co.jp/english/ir/index.html2012年3月期 2013年3月期 2012年3月期 2013年3月期+11.1% +136.6 %2968803891Aerospace Segment (Consolidated)Net sales Operating income(100 Million Yen)FYE 2012 FYE2013 FYE2012 FYE2013 Both net sales and operating income increased from the same period of theprevious fiscal year. The commercial sector business boosted net sales increase.
  26. 26. 8http://www.fhi.co.jp/english/ir/index.html2012年3月期 2013年3月期2012年3月期 2013年3月期-10.3 % +27.2 %33630156FYE 2012 FYE2013 FYE2012 FYE2013Net sales Operating income(100 Million Yen)Industrial Products Segment (Consolidated) Net sales decreased from the same period of the previous fiscal year due todecreased sales volume both in Japan and overseas markets. Operating income increased mainly due to improvements on product mixand the weak yen.
  27. 27. 9http://www.fhi.co.jp/english/ir/index.html+32-10-42Provision for loss on transfer of business-27610287Gain on sales of noncurrent assets1562-73-18-67-308-28-17Actual ResultsFYE 2012-75-460-29-198-190-172-7Actual ResultsFYE 2013Increase /Decrease-231Total extraordinary income & loss-49Other+73Loss on disaster-11Loss on sales and retirement ofnoncurrent assets-131Total non-operating income &expenses+10Other-8Equity in earnings of affiliates-144FOREX effects+10Financial revenue and expenditure(億円)Non-Operating Income & Expenses andExtraordinary Income & Loss (Consolidated)
  28. 28. 10http://www.fhi.co.jp/english/ir/index.html+1,4515,9544,503Shareholder’s equity+1,1283,0141,885Retained earnings+1,8159,4407,625Current assets+4346,3345,900Noncurrent assets+1,4525,9684,516Net assets+4.437.7%33.3%Shareholder’s equity tototal assets-3383,0723,410Interest bearingdebtsAs of Mar. 2012 As of Mar. 2013Increase /DecreaseTotal assets 13,525 15,775 +2,249D/E ratio 0.76 0.52 -0.24Consolidated Balance Sheets(100 Million Yen)
  29. 29. 11http://www.fhi.co.jp/english/ir/index.html+3042,5812,277Cash and cash equivalents at beginningof period+215213-1Increase (decrease) in cash and cashequivalents resulting from change of scopeof consolidation+7093,2892,581Cash and cash equivalentsat end of period+190495305Net increase (Decrease) in cash and cashequivalents-448-714-266Net cash provided by (used in )investing activities+671953283Free cash flows+153150-3Effect of exchange rate change on cashand cash equivalents-634-60826Net cash provided by (used in)financing activitiesActual ResultsFYE 2012Actual ResultsFYE 2013Increase /DecreaseNet cash provided by (used in)operating activities 549 1,667 +1,119Consolidated Statement of Cash Flows(100 Million Yen)
  30. 30. 12http://www.fhi.co.jp/english/ir/index.html+10.6181.2170.6Subaru production(Thousand units)SIAActual ResultsFYE 2012Actual ResultsFYE 2013Increase /DecreaseNet sales 3,845 4,158 +313Operating income 82 71 -11Net income 51 46 -5+67.9347.1279.2Retail sales(Thousand units)SOAActual ResultsFYE 2012Actual ResultsFYE 2013Increase /DecreaseNet sales 6,923 8,805 +1,882Operating income 105 133 +28Net income 74 97 +23(Million US$)Operating Results of Subsidiaries in U.S.
  31. 31. 13http://www.fhi.co.jp/english/ir/index.htmlOutlook for the term Ending FYE March 2014Outlook for the term Ending FYE March 2014Outlook for the term Ending FYE March 2014
  32. 32. 14http://www.fhi.co.jp/english/ir/index.html+34.7596.0561.3Overseas Total+1.051.250.2China+4.442.538.1Australia+2.935.532.6Canada+27.3384.9357.6U.S.-7.6155.5163.1Domestic Total+3.553.950.4MinicarsActual resultsFYE 2013PlanFYE 2014Increase /DecreasePassenger cars 112.8 101.6 -11.1Russia 14.7 12.6 -2.1Europe 46.4 41.8 -4.6Others 21.7 27.6 +5.9Total 724.5 751.5 +27.0Consolidated Automobile Sales(1,000 cars)* China figures are consolidated on the calendar year basis from Jan. to Dec.
  33. 33. 15http://www.fhi.co.jp/english/ir/index.html+¥8/US$¥90/US$¥82/US$FHI exchange rate+7441,7501,006Ordinary income+5961,8001,204Operating Income+2,00814,41912,411Overseas-6386,0816,718DomesticActual resultsFYE 2013PlanFYE 2014Increase /DecreaseNet sales 19,130 20,500 +1,370Income beforetaxes and minorityinterests931 1,680 +749Net income 1,196 1,100 -96Consolidated Operating Plan(100 Million Yen)
  34. 34. 16http://www.fhi.co.jp/english/ir/index.html1,2041,80037-99-101120639+59.6 billion yenUS$ : +613EURO : +37CA$ : +42Currency exchangeadjustment : -53FHI : +100SIA : +20Analysis of Increase and Decrease inOperating Income Changes (consolidated)Improvementof salesvolume &mixture andothersReductionin costIncrease ofSG&Aexpensesand othersGain oncurrencyexchangeIncreaseof R&DexpensesActual resultsOperating IncomeFYE March 2013PlanOperating IncomeFYE March 2014(100 Million Yen)Domestic : Deterioration ofsales volume & mixtureOverseas : Increase of sales volumeand deterioraton of mixtureIncrease of fixed costand SG&A expensesDecrease of warranty claims
  35. 35. 17http://www.fhi.co.jp/english/ir/index.html-16.8164.4181.2Subaru production(Thousand units)SIAActual resultsFYE 2012PlanFYE2013Increase /DecreaseNet sales 4,158 3,869 -289Operating income 71 209 +138Net income 46 124 +78+17.9365.0347.1Retail sales(Thousand units)SOAActual resultsFYE 2012PlanFYE2013Increase /DecreaseNet sales 8,805 9,537 +732Operating income 133 137 +4Net income 97 86 -11(Million US$)Full Year : Operating Planof Subsidiaries in U.S.
  36. 36. 18http://www.fhi.co.jp/english/ir/index.html3,410481537543Actual ResultsFYE 2012-9550559Depreciation-2722,8003,072Interestbearing debtActual resultsFYE2013(a)PlanFYE2014(b)Increase /Decrease(b) – (a)Capex 702 670 -32R&D 491 590 +99Capex / Depreciation / R&D / Interest bearing debt(100 Million Yen)
  37. 37. 19http://www.fhi.co.jp/english/ir/index.htmlAppendixAppendixAppendix
  38. 38. 20http://www.fhi.co.jp/english/ir/index.html+7651,204440+3,95919,13015,171TotalOperating incomeNet sales+5-35+89+3,899Increase /Decrease14730189117,790ActualResultsFYE 201314233680313,891ActualResultsFYE 2012210529394ActualResultsFYE 20124166681,110ActualResultsFYE 2013Increase /Decrease+2Eliminationand corporate+6Others+1Industrialproducts+39Aerospace+716AutomobileNet Sales and Operating Incomeby Business Segment (consolidated)(100 Million Yen)
  39. 39. 21http://www.fhi.co.jp/english/ir/index.html+7651,204440+3,95919,13015,171TotalOperating incomeNet sales+1,074+1,759+1,125Increase /Decrease1,6278,3729,131ActualResultsFYE 20135536,6138,006ActualResultsFYE 2012109231189ActualResultsFYE 2012-13722261,114ActualResultsFYE 2013Increase /Decrease-147Eliminationandcorporate-8Other-6NorthAmerica+925Japan(100 Million Yen)Consolidated Operating Incomeby Geographic Area
  40. 40. 22http://www.fhi.co.jp/english/ir/index.html+2,22512,41110,186Total1,0471,1321,2728,960+1441,128EuropeActual ResultsFYE 2012Actual ResultsFYE 2013Increase /DecreaseNorth America 7,104 +1,856Asia 967 +165Other 986 +61(100 Million Yen)Overseas Net Sales
  41. 41. 23http://www.fhi.co.jp/english/ir/index.html+69.0384.0315.0Number of vehiclesexported+66.2736.4670.3Total+10.5185.7175.3Components foroverseas production-46.150.496.5Minicars+32.8116.383.6Passenger cars-13.3166.7180.0Domestic salesActual ResultsFYE 2012Actual ResultsFYE 2013Increase /DecreaseDomestic production 468.0 583.1 +115.1Non- Consolidated Automobiles Sales(1,000 cars)* Domestic Production figures include Toyota 86.
  42. 42. 24http://www.fhi.co.jp/english/ir/index.html-3.1146.3149.4Overseas Total-0.89.910.7China-3.09.912.8Australia-0.49.09.5Canada+6.498.291.7U.S.-7.051.658.6Domestic Total-14.615.730.3MinicarsActual ResultsQ4FYE 2012Actual ResultsQ4FYE 2013Increase /DecreasePassenger cars 28.3 35.9 +7.6Russia 4.8 1.5 -3.3Europe 14.8 11.5 -3.3Others 5.1 6.4 +1.3Total 208.0 197.8 -10.14th Quarter : Consolidated Automobile Sales(1,000 cars)* Canada figures of FYE2012 and China figures of FYE2013 are consolidated on the calendar year basis from Oct. to Dec.
  43. 43. 25http://www.fhi.co.jp/english/ir/index.html+¥11/US$¥89/US$¥78/US$FHI exchange rate+28637286Ordinary income+309470161Operating Income+2603,5273,267Overseas+2861,8951,610DomesticActual ResultsQ4FYE 2012Actual ResultsQ4FYE 2013Increase /DecreaseNet sales 4,877 5,422 +545Income beforetaxes and minorityinterests58 313 +255Net income 17 665 +6484th Quarter : Consolidated Statements of Income(100 Million Yen)
  44. 44. 26http://www.fhi.co.jp/english/ir/index.html1614706-13-49103262+30.9 billion yenUS$ : +207EURO : +15CA$ : +19Currency exchangeadjustment : +21FHI : +91SIA : +124th Quarter : Analysis of Increase and Decrease inOperating Income Changes (consolidated) <Appendix>(100 Million Yen)Improvementof salesvolume &mixture andothersReductionin costIncrease ofSG&Aexpensesand othersGain oncurrencyexchangeIncreaseof R&DexpensesActual resultsOperating IncomeQ4FYE March 2012Actual resultsOperating IncomeQ4FYE March 2013Domestic : Improvement of sales volume & mixtureOverseas : Deterioration of sales volume and improvement of mitureIncrease of fixed costand SG&A expensesDecrease of warranty claims
  45. 45. 27http://www.fhi.co.jp/english/ir/index.html-1.3561.3562.7Overseas Total±050.250.2China-0.638.138.7Australia+0.032.632.6Canada+0.3357.6357.2U.S.+3.5163.1159.6Domestic Total-0.550.450.9MinicarsPlanFYE 2013Actual resultsFYE 2013Increase /DecreasePassenger cars 108.8 112.8 +4.0Russia 14.8 14.7 -0.1Europe 47.1 46.4 -0.7Others 22.0 21.7 -0.3Total 722.3 724.5 +2.2Consolidated Automobile SalesPlan vs. Actual results(1,000 cars)* China figures are consolidated on the calendar year basis from Jan. to Dec.
  46. 46. 28http://www.fhi.co.jp/english/ir/index.html+¥1/US$¥82/US$¥82/US$FHI exchange rate+161,006990Ordinary income+1341,2041,070Operating Income+10712,41112,304Overseas+1236,7186,596DomesticPlanFYE 2013Actual resultsFYE 2013Increase /DecreaseNet sales 18,900 19,130 +230Income beforetaxes and minorityinterests920 931 +11Net income 760 1,196 +436Consolidated Statement of IncomePlan vs. Actual Results(100 Million Yen)
  47. 47. 29http://www.fhi.co.jp/english/ir/index.html1,0701,20420 9 -4318130+13.4 billion yenUS$ : +63EURO : +8CA$ : +5Currency exchangeadjustment : +54FHI : +15SIA : +5Analysis of Increase and Decrease inOperating Income ChangesPlan vs. Actual Plan(100 Million Yen)PlanOperating IncomeFYE March 2013Actual ResultsOperating IncomeFYE March 2013Deteriorationof salesvolume &mixture andothersReductionin costDecrease ofSG&Aexpensesand othersGain oncurrencyexchangeDecreaseof R&DexpensesDomestic : Decrease of sales volume andimprovement of mixtureOverseas : Decrease of sales volumeimprovement of mixtureDecrease of fixed costand SG&A expensesIncrease of warranty claims
  48. 48. 30http://www.fhi.co.jp/english/ir/index.html+26.5303.0276.4Overseas Total-5.820.826.6China-1.420.622.0Australia+2.418.716.3Canada+46.2210.5164.4U.S.+8.980.972.0Domestic Total-0.725.926.6MinicarsActual Results1st HalfFYE 2013Plan1st HalfFYE 2014Increase /DecreasePassenger cars 45.4 55.1 +9.7Russia 11.1 4.6 -6.5Europe 25.4 16.7 -8.7Others 10.7 11.0 +0.3Total 348.4 383.9 +35.51st Half : Consolidated Automobile Sales Plan(1,000 cars)* China figures are consolidated on the calendar year basis from Jan. to Jun.
  49. 49. 31http://www.fhi.co.jp/english/ir/index.html+¥10/US$¥90/US$¥80/US$FHI exchange rate+472925453Ordinary income+517950433Operating Income+1,3177,2005,883Overseas+33,1003,098DomesticActual Results1st HalfFYE 2013Plan1st HalfFYE 2014Increase /DecreaseNet sales 8,980 10,300 +1,320Income beforetaxes and minorityinterests459 910 +451Net income 404 570 +1661st Half : Consolidated Operating Plan(100 Million Yen)
  50. 50. 32http://www.fhi.co.jp/english/ir/index.html43395090-39-143162447+51.7 billion yenUS$ : +387EURO : +18CA$ : +31Currency exchangeadjustment : +11FHI : +77SIA : +131st Half : Analysis of Increase and Decrease inOperating Income Changes (consolidated)(100 Million Yen)Improvementof salesvolume &mixture andothersReductionin costIncrease ofSG&Aexpensesand othersGain oncurrencyexchangeIncreaseof R&DexpensesActual resultsOperating Income1st HalfFYE March 2013PlanOperating Income1st HalfFYE March 2014Increase offixed costand SG&AexpensesDecrease ofwarranty claimsDomestic : Improvement of sales volume and mixtureOverseas : Improvement of sales volume and mixture
  51. 51. 33http://www.fhi.co.jp/english/ir/index.html+8.1293.0284.9Overseas Total+6.930.423.6China+5.821.816.1Australia+0.416.816.3Canada-18.9174.3193.2U.S.-16.674.691.1Domestic Total+4.228.023.8MinicarsActual Results2nd HalfFYE 2013Plan2nd HalfFYE 2014Increase /DecreasePassenger cars 67.4 46.6 -20.8Russia 3.6 7.9 +4.3Europe 21.0 25.1 +4.0Others 11.0 16.6 +5.6Total 376.0 367.6 -8.42nd Half : Consolidated Automobile Sales Plan(1,000 cars)* China figures are consolidated on the calendar year basis from Sep. to Dec.
  52. 52. 34http://www.fhi.co.jp/english/ir/index.html+¥6/US$¥90/US$¥84/US$FHI exchange rate+272825553Ordinary income+78850772Operating Income+6917,2206,529Overseas-6402,9803,621DomesticActual Results2nd HalfFYE 2013Plan2nd HalfFYE 2014Increase /DecreaseNet sales 10,149 10,200 +51Income beforetaxes and minorityinterests472 770 +298Net income 791 530 -2612nd Half : Consolidated Operating Plan(100 Million Yen)
  53. 53. 35http://www.fhi.co.jp/english/ir/index.html772 85030-60-12541192+7.8 billion yenUS$ : +226EURO : +19CA$ : +11Currency exchangeadjustment : -64FHI : +23SIA : +72nd Half : Analysis of Increase and Decrease inOperating Income Changes (consolidated)(100 Million Yen)Deteriorationof salesvolume &mixture andothersReductionin costDecrease ofSG&Aexpensesand othersGain oncurrencyexchangeIncreaseof R&DexpensesActual resultsOperating Income2nd HalfFYE March 2013PlanOperating Income2nd HalfFYE March 2014Domestic : Deterioration of sales volume and mixtureOverseas : Increase of sales volume, deterioration of sales mixtureIncrease offixed costDecrease of SG&Aexpenses andwarranty claims
  54. 54. 36http://www.fhi.co.jp/english/ir/index.html3,7034,3373,7064,0593,0043,5463,7444,8774,691 4,7275,4224,289347470301259173161918110710716122601,0002,0003,0004,0005,0006,0001Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q0100200300400500Net sales Operating incomeFYE2013FYE2012FYE2011¥79/$¥79/$¥81/$¥82/$¥83/$¥83$¥88/$ ¥89/$¥77/$¥77/$¥79/$¥92/$Net Sales & Operating IncomeOperating Income(100 million yen)Net Sales(100 million yen)
  55. 55. 37http://www.fhi.co.jp/english/ir/index.html157169118148166208183 178 1981811501668.7%8.0%6.4%5.5%4.0%3.3%2.4%2.3%3.6%2.6%4.4%6.1%0501001502002501Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q0%2%4%6%8%10%Consolidated automobile sales Oprating income marginFYE2013FYE2012FYE2011Consolidated Automobile Sales& Operating Income MarginOperatingIncome(100 million yen)Net Sales(100 million yen)
  56. 56. 38http://www.fhi.co.jp/english/ir/index.html162 164196 196182 178197207174161136111138203177172167191158150147162156160050100150200Apr.-Jun.Jul.-Sep.Oct.-Dec.Jan.-Mar.Apr.-Jun.Jul.-Sep.Oct.-Dec.Jan.-Mar.Apr.-Jun.Jul.-Sep.Oct.-Dec.Jan.-Mar.2012 201320112010Retail Sales & Complete Cars ProductionProduction Retail SalesUnits(1000 units)* Production figures include Toyota 86.
  57. 57. 39http://www.fhi.co.jp/english/ir/index.html2466403977847-4228322177864695387137.7%35.2%34.2%33.7%33.6% 33.3%33.7%34.2%34.7%34.7%35.4%31.9%-1001003005007009001,1001Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q0%8%16%24%32%40%FYE2013FYE2012FYE2011Free Cash Flows &Shareholders’ Equity to Total AssetsShareholders’ Equity toTotal Assets in line graphFCF in bar graph(100 million yen)
  58. 58. 40http://www.fhi.co.jp/english/ir/index.html3,473 3,3673,1793,3063,965 3,8663,6883,410 3,381 3,301 3,2363,0720.690.520.640.740.820.760.850.890.910.800.760.8905001,0001,5002,0002,5003,0003,5004,0004,5001Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q0.00.20.40.60.81.01.21.4Interest bearing debt D/E ratioFYE2013FYE2012FYE2011Interest Bearing Debts & D/E RatioInterestBearing Debts(100 million yen)D/E ratio
  59. 59. 41http://www.fhi.co.jp/english/ir/index.htmlThank you !
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