05 12-14 hino motors-results_q4_2014-1
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Transcript of 05 12-14 hino motors-results_q4_2014-1
1/20IR
January 30, 2014Hino Motors, Ltd.January 30, 2014Hino 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 1,1571,373 1,2502,033 2,2611,939 2,5173,125
3,757
19,12318,757
10,42113,452
12/10-12 13/10-12
2,772 3,1763,996 3,956
6,209 6,632
6,195 7,110
9,03610,535
56,34656,436
30,03934,525
12/4-12 13/4-12
3Q(3 months)
3Q(9 months)
Japan
Asia
Central and South America
North America
Europe/AfricaOceaniaMiddle East
+7,777 units(+6.8%)
Japan
Asia
Central and South America
North America
Europe/Africa
OceaniaMiddle East
+4,247 units(+10.9%)
43,151
38,904
122,370114,593
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.
4,9763,855
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.
32,28938,681
14,7918,486
12/10-12 13/10-12
SUV
Loading Vehicles
3Q(3 months)
47,16747,080
95,211
111,971
37,60827,688
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
3,8252,423
2,276
12/10-12 13/10-12
4,016
6,101
11,021 8,647
8,6278,197
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 80A$ 94 82
THB 3.23 2.57IDR(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
Consolidatedadjustment (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 3QResults
('12/4-12)
FY2014 3QResults
('13/4-12)
22.6
Environmental change
Change in cost structure, etc
(6.5)
(Billions of yen)
Income taxesMinority 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 49.843.7
1 2 3 4 5 6 7 8FY2014 forecasts announced on Oct. 29, 2013
The most recent forecasts for FY2014
Japan
OverseasOverseas
Toyota Brand
ToyotaBrand
Overseas
Toyota Brand
JapanJapan
(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
170.1165.8
154.7
15/20IR
4. Consolidated Financial Forecasts for FY2014
16/20IR
(Billions of yen)
ItemFY2014
('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 82A$ 94 92 85
THB 3.22 3.16 2.70IDR(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 80A$ 93 84
THB 3.16 2.61IDR(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
3.15.3 (8.0)
19.8
11.4
Effects of sales
Environmental change
Improvement in cost of sales
Income taxesMinority interests
etc.Change in coststructure, 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 3QResults
('12/10-12)
FY2014 3QResults
('13/10-12)