Consolidated Financial Results of 2nd Quarter for the Year Ending March … · 2020-02-04 ·...
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1/16 © 2018 Sanden Holdings Corporation November 8, 2018 Takashi Shimomura Corporate Officer Division General Manager, Finance Division Consolidated Financial Results of 2 nd Quarter for the Year Ending March 31, 2019
Transcript of Consolidated Financial Results of 2nd Quarter for the Year Ending March … · 2020-02-04 ·...
1/16© 2018 Sanden Holdings Corporation
November 8, 2018
Takashi ShimomuraCorporate Officer
Division General Manager, Finance Division
Consolidated Financial Results
of 2nd Quarter
for the Year Ending March 31, 2019
2/16
１６
© 2018 Sanden Holdings Corporation
1. Results of 2nd Quarter
for the Year Ending March 31, 2019
2. Forecast for the Year Ending March 31, 2019
CONTENTS
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© 2018 Sanden Holdings Corporation
1. Results of 2nd Quarter
for the Year Ending March 31, 2019
Summary of Consolidated Financial Results
Segment Results
Summary of Consolidated Balance Sheet
Agenda Item
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© 2018 Sanden Holdings Corporation
Summary of Consolidated Financial Results
2017/9
Result
2018/9
Result
Change from previous
fiscal year（%）
Sales 1,415 1,375 (40) (2.8%)
Operating Income 18 1 (17) (95.7%)
Ordinary Income/Loss 26 (5) (31) ---
Net Income/Loss *1 24 (12) (36) ---
Exchange
Rate *2
USD 111 yen 110 yen (1 yen)
EUR 126 yen 130 yen +4 yen
(100 Millions of Yen)
※1. Net Income: Profit of current term attributable to owners of parent
※2. Exchange Rate: Average market rate
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18 1
17/9 18/9
1,415
Sales
Operating
Income
Operating Income/Loss
Sales: 1,375 (Change from previous fiscal year △2.8%）
1013 1002
0
400
800
1200
17/9 18/9
354 3230
400
800
1200
17/9 18/9
48 50
0
400
800
1200
17/9 18/9
OthersAutomotive Commercial Store
1,375
17/9
Market
Price
Exchange
RateSales/
Product Mix
Operating
Expenses,
others+18
181
Raw
Material
Productivity
Cost
Reduction
+7
(23)
(7)(7) (2) +3
Positive Factors +25
Negative Factors (17)
Negative Factors (42)
18/9
(6)7
R&D
Summary of consolidated financial results
Forex Rate Change Impact in Sales
17/9→18/9 : +10
(100 Millions of Yen)
(100 Millions of Yen)
(100 Millions of Yen)
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© 2018 Sanden Holdings Corporation
1,013 1,002
Operating Income
Sales: 1,002 (Change from previous fiscal year △1.1%）
0
200
400
600
17/9 18/90
200
400
600
17/9 18/90
200
400
600
17/9 18/90
200
400
600
17/9 18/9
JapanEurope China & Asia Americas
+8%
+10% (11％)
- Sales Units of compressors -
21 15
17/9 18/9
8.3M units8.5M units
Change from previous fiscal year △2%
(13％)
17/9
Market
PriceExchange
Rate
Sales/
Product
Mix
Operating
Expenses,
Others+17
21 15Raw
Material
Productivity
Cost
Reduction
+2 +2
（22）
（2） +3
Positive factors +21
Negative factors △6
Negative factors
△24
18/9
(6)21 R&D
±0
Segment Results (Automotive Systems)
Sales
Operating
Income
(100 Millions of Yen)
Forex Rate Change Impact in Sales
17/9→18/9 : +9
(100 Millions of Yen)
(100 Millions of Yen)
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5
17/9 18/9
354
323
Operating income
Sales: 1,002 (Change from previous fiscal year △8.8%）
Americas
0
50
100
150
17/9 18/9
Europe China & Asia Japan
0
50
100
150
17/9 18/90
100
200
300
17/9 18/90
50
100
150
17/9 18/90
50
100
150
17/9 18/9
Vending systemsRetail store
systems
(6%)
(11)
17/9Market
PriceExchange rate
Sales/ Product
Mix
Operating
Expenses
, Others
+45
(11)
Raw
Material
Productivity
Cost
Reduction
+1
(13)
(1)(7)
Positive factors +5
Negative factors △16
Negative factors △21
18/9
(11)
R&D
±0
±0 ±0
(5%)
(18%) +2%
+22%
Segment Results (Commercial Store Systems)
Sales
Operating
Income
Forex Rate Change Impact in Sales
17/9→18/9 : +1
(100 Millions of Yen)
(100 Millions of Yen)
(100 Millions of Yen)
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© 2018 Sanden Holdings Corporation
Summary of Consolidated Balance Sheet
510 465
450 460
1,261 1,360
535 518
As of March 31, 2018 As of September 30, 2018
1,163 1,159
188 189
475 514
742 730
188 211
As of March 31, 2018 As of September 30, 2018
Others
Bank and
Other
loan
Accounts
Payable (17)
2,803
(Capital Ratio)
(86 days) (99 days)
(55 days) (69 days)
2,756
Assets
Cash and
Deposits
Accounts
Receivable
Inventory
Others
Fixed
Assets Net Assets
* Capital ratio (%) = (Net assets - Minority interest)/Total assets × 100
Exchange rate
+47
(12)
+1
+23
+39
+10(4)
(45)
+99
2,8032,756
Liabilities/Net Assets
(16％) (15％)
$1 = 106 JPY
€1 = 131 JPY
$1 = 114 JPY
€1 = 132 JPY
(100 Millions of Yen)
Receivable and Inventory Days : Calculated based on sales in the last 3 months
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© 2018 Sanden Holdings Corporation
1. Results of 2nd Quarter
for the Year Ending March 31, 2019
2. Forecast for the Year Ending March 31, 2019
CONTENTS
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© 2018 Sanden Holdings Corporation
2. Forecast for the Year Ending March 31, 2019
Agenda items
Summary of Consolidated Earnings Forecast
Segment Forecast
Capital Expenditure Forecast
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Summary of Consolidated Earnings Forecast
2018/3
Results
2019/3
Previous
Forecast
2019/3
Revised
Forecast
Change from
previous fiscal
year(%)
Sales 2,876 2,950 2,800 (76) (2.6%)
Operating Income 55 70 30 (25) (45.1%)
Ordinary Income 44 70 20 (24) (54.7%)
Net Income *1 43 40 5 (38) (88.3%)
Exchange
Rate *2
USD 111 yen 105 yen 110 yen (1 yen)
EUR 130 yen 130 yen 130 yen ±0 yen
※1. Net Income: Profit of current term attributable to owners of parent
※2. Exchange Rate: Average market rate
(100 Millions of Yen)
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Summary of Consolidated Earnings Forecast
55
30
18/3 19/3
2,876
Operating income
Sales: 2,800 (Change from previous fiscal year △2.6%）
2089 2000
0
800
1600
2400
18/3 19/3
681 7000
800
1600
2400
18/3 19/3
106 100
0
400
800
1200
18/3 19/3
18/3
Market
PriceExchange
Rate
Sales/
Product
Mix
Operation
Expenses,
others+47
5530
Raw
Material Productivity
Cost
Reduction
+12
(51)
(7)(9)
(1) (1)
19/3
2,800
(15)45 R&D
Sales
Operating
Income
OthersAutomotive Commercial Store
Positive factors +59
Negative factors △25
Negative factors △68
(100 Millions of Yen)Forex Rate Change Impact in Sales
17/9→18/9 : +17
(100 Millions of Yen)
(100 Millions of Yen)
13/16
© 2018 Sanden Holdings Corporation
66
30
18/3 19/3
2,0892,000
Operating income
0
300
600
900
1,200
18/3 19/30
300
600
900
1,200
18/3 19/30
300
600
900
1,200
18/3 19/30
300
600
900
1,200
18/3 19/3
+3%
(6％)
+40
66
30
+5
(8)
(47)
(3)(10)
(1)
18/3 19/3
42(12)
(18％)
+5%
Segment Forecast (Automotive Systems)
- Sales quantity of compressor -
17.6M units 17.5M units(Change from previous fiscal year △1%）
Sales
Operating
Income
Sales: 2,000 (Change from previous fiscal year △4.2%）
JapanEurope China & Asia Americas
Positive factors +45
Negative factors △36
Negative factors △68
Market
PriceExchange
Rate
Sales/
Product
Mix
Operating
Expenses,
Others
Raw
Material
Productivity
Cost
Reduction
R&D
Forex Rate Change Impact in Sales
17/9→18/9 : △16
(100 Millions of Yen)
(100 Millions of Yen)
(100 Millions of Yen)
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© 2018 Sanden Holdings Corporation
37
18/3 19/3
681 7000
100
200
300
18/3 19/3
0
100
200
300
18/3 19/30
200
400
600
18/3 19/30
100
200
300
18/3 19/30
100
200
300
18/3 19/3
+7
37
+5
+4
(4)
(4)
(1)
18/3 19/3
±0
+17%
+3%
(3)
10
(2％)
+2%
Segment Forecast (Commercial Store Systems)
Sales
Operating
Income
Sales: 700 (Change from previous fiscal year +2.7%）
AmericasEurope China & Asia Japan
Vending systemsRetail store
systems
Positive factors +16
Positive factors +4
Negative factors △ 9
Market
PriceExchange
Rate
Sales/
Product
MixOperating
Expenses,
Others
Row
Material
Productivity
Cost
Reduction
R&D
Operating income
Forex Rate Change Impact in Sales
17/9→18/9 : △1
(100 Millions of Yen)
(100 Millions of Yen)
(100 Millions of Yen)
15/16
© 2018 Sanden Holdings Corporation
Capital Expenditure Forecast
Japan
45Europe
15
China & Asia
25
Total
100
Americas
15
18/9 Results:8
(100 Millions of Yen)
18/9 Results:6
18/9 Results:9
18/9 Results:32
18/9 Total:55
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Cautionary Note Regarding Outlook Statements
Forward-looking statements in this earnings release, such as forecast of results of operations, are based on the information currently
available and the certain assumptions that we regard as reasonable. Therefore, actual results may differ materially from those contained
in or suggested by any forward-looking statements.
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