Financial Results for FY2019 · Global Unit Sales (Light-duty trucks) 1,766 71,507 66,589 1,575...
Transcript of Financial Results for FY2019 · Global Unit Sales (Light-duty trucks) 1,766 71,507 66,589 1,575...
IR
Financial Results for FY2019(Fiscal Year Ended March 31, 2019)
April 25, 2019
Hino Motors, Ltd.
IR 2/16
1. Sales Turnover
IR
(Units)
3/16
The unit sales both in Japan and overseas marked a record high, exceeding 200,000 for the first time.The unit sales both in Japan and overseas marked a record high, exceeding 200,000 for the first time.
Global Unit Sales (Light-duty trucks)
1,766
71,50766,589
1,575
73,010
16,556
14,820
6,123
4,585
3,494
82,028
17,385
15,230
6,837
4,866
3,726
186,943203,154
Japan +4,918
Asia
North America
Central and South America
Oceania
Middle East
AfricaEurope
+9,018
+829
+410
+714
+281
+232-191
+16,211Total
(+7.4%)
(+12.4%)
(+5.0%)
(+2.8%)
(+11.7%)
(+6.1%)
(+6.6%)
(-10.8%)
(+8.7%)
★
★
★Record high
★
Overseas
120,354↓
131,647 +11,293
(+9.4%)
FY2018 FY2019
★
★
80,340 87,809 +7,469 (+9.3%)★
★
Global Unit Sales (Retail Sales)
IR
207,002
91,119
11,785
104,098
91,468
211,108
109,243
10,397
Heavy-and
medium-duty
Light-duty
Bus
+349
+5,145
-1,388
+4,106
(+0.4%)
(+4.9%)
(-11.8%)
(+2.0%)Total
FY2018 FY2019
+2,744
+4,918
+2,389
-215
66,589
34,308
3,907
28,374
37,052
71,507
30,763
3,692
Heavy-and
medium-duty
Light-duty
Bus
〔37.7%〕
〔33.2%〕
〔27.3%〕
〔40.5%〕
〔28.2%〕
〔35.5%〕
(+8.0%)
(+7.4%)
(+8.4%)
(-5.5%)
〔32.2%〕〔33.9%〕
★Record high
★Total
★
FY2018 FY2019
★
★
★
Total demand
Hino's sales (Retail)
[Share]
★
(Units)
4/16
Total demand: Grew from the previous year, thanks to the increase of demand for heavy and light-duty
trucks.
Hino’s sales: Marked a record-high share in every segment. Unit sales, too, hit a record high.
Total demand: Grew from the previous year, thanks to the increase of demand for heavy and light-duty
trucks.
Hino’s sales: Marked a record-high share in every segment. Unit sales, too, hit a record high.
Truck and Bus Market in Japan
IR
The U.S.
19,232
23,991+4,759
(+24.7%)
32,274
39,480+7,206
(+22.3%)
13,042
+2,447
(+18.8%)
Total
Heavy-and
medium-duty
Light-duty15,489
FY2018 FY2019
ThailandIndonesia
9,278 10,071 +793
(+8.5%)
4,076 4,007-69
(-1.7%)
13,35414,078
+724
(+5.4%)
Heavy-and
medium-duty
(Class 6.7)
Light-duty(Class 4.5)
Total
FY2018 FY2019
10,982
13,035
9,472
11,154
1,510 1,881
+1,682
(+17.8%)
+371(+24.6%)
+2,053
(+18.7%)
Heavy-and
medium-duty
Light-duty
Total
FY2018 FY2019
Indonesia: The market and sales were healthy, and sales volume hit a record high.
The U.S.: Sales volume grew from the previous year, as the economy is thriving and the tax cut
encouraged consumers to buy new trucks.
Thailand: Performance was healthy throughout the fiscal year. The sales volumes of heavy, medium,
and light-duty trucks increased year on year.
Indonesia: The market and sales were healthy, and sales volume hit a record high.
The U.S.: Sales volume grew from the previous year, as the economy is thriving and the tax cut
encouraged consumers to buy new trucks.
Thailand: Performance was healthy throughout the fiscal year. The sales volumes of heavy, medium,
and light-duty trucks increased year on year.
(Units)
5/16
Sales Volumes in Indonesia, the U.S. and Thailand (Retail Sales)
IR
27,457
122,790
150,247152,670
28,650
124,020
Total
Loading Vehicles
SUV
+2,423
+1,193
+1,230
(+1.6%)
(+4.3%)
(+1.0%)
FY2018 FY2019
Vehicles
392,942422,939
+29,997
(+7.6%)
Total
Thailand
The U.S.
403,176
365,077
758,019
826,115
+38,099
(+10.4%)
+68,096
(+9.0%)
FY2018 FY2019
Units(in Thailand and the U.S.)
(Units)
6/16
TOYOTA-brand vehicles: Consolidated sales of both loading vehicles and SUVs rose from the
previous year.
Units: Consolidated sales in Thailand and the U.S. were healthy, and increased from the previous year.
TOYOTA-brand vehicles: Consolidated sales of both loading vehicles and SUVs rose from the
previous year.
Units: Consolidated sales in Thailand and the U.S. were healthy, and increased from the previous year.
Consolidated Sales of TOYOTA Brand Vehicles and Unit
IR 7/16
2. Consolidated Financial Results
IR 8/16
★Record high (Billions of yen)
Item Change
Net sales 1,981.3 1,838.0 +143.3
<0.0p>
Operating income 86.7 80.3 +6.4
<-0.2p>
Ordinary income 83.9 80.4 +3.5
Profit attributable <0.0p>
to owners of parent 54.9 51.4 +3.5
Note: Figures in parentheses (<>) indicate income margin.
FY2019
<4.2%>
<4.4%>
Change (%)FY2018
+7.8%
<4.4%>
<4.4%>
+6.9%
+4.3%
+7.9%
<2.8%><2.8%>
★
<Exchange rate>
FY2019 FY2018
US$ 110 111
THB 3.43 3.34
IDR (100) 0.77 0.83
A$ 81 86
<Consolidated unit sales> (Units)
FY2019 FY2018 Change
Japan 72,159 67,472 +4,687
Overseas 132,000 116,544 +15,456
TOYOTA brand 152,670 150,247 +2,423
Consolidated Income Statements
IR
Operating income rose, as the cost augmentation due to the worsening of the environment, the
strengthening the foundations, etc. was offset by sales growth and improvement in cost of sales.
Operating income rose, as the cost augmentation due to the worsening of the environment, the
strengthening the foundations, etc. was offset by sales growth and improvement in cost of sales.
9/16
Analysis of Consolidated Income Statements
26.317.6
54.951.4
FY2018 Results
FY2019Results
-18.4 -19.1-2.9
Strengthening the foundations
Change in cost structure, etc
Improvement in cost of
sales
Environmental
change
Effects of
sales
Non-operating Income taxesProfit for non-
controlling interests, etc
(Billions of yen)
Operating income: ¥+6.4 billion (¥80.3 billion → ¥86.7 billion)
Profit attributable to owners of parent: ¥+3.5 billion (¥51.4 billion → ¥54.9 billion)
Increase in special costs of
quality-related measures -2.4
Decrease in gain on sale of
investment securities -1.8
Decrease in income taxes +2.1 etc.
Foreign exchange -10.5
Materials -7.9
IR 10/16
Japan: Sales and profit grew, as domestic sales, export volume, and sales of TOYOTA brand vehicles
increased.
Asia: Although there is an impact of exchange rate in emerging countries, sales and profit rose, due to
the growth of sales in major countries.
Other Areas: Sales were healthy, but profit declined, due to the cost for construction of a new factory
in the U.S., etc.
Japan: Sales and profit grew, as domestic sales, export volume, and sales of TOYOTA brand vehicles
increased.
Asia: Although there is an impact of exchange rate in emerging countries, sales and profit rose, due to
the growth of sales in major countries.
Other Areas: Sales were healthy, but profit declined, due to the cost for construction of a new factory
in the U.S., etc.
Consolidated Operating Income by Segments
★Record high (Billions of yen)
Change 18年度
Net salesOperating
income
<3.4%> <3.3%> +7.2% +11.8%
Japan 1,593.7 54.8 1,486.6 49.0 +107.1 +5.8
<5.3%> <5.4%> +7.9% +4.8%
Asia 435.5 22.9 403.7 21.8 +31.8 +1.1
<3.3%> <4.4%> +9.6% -17.7%
Other Areas 264.4 8.7 241.2 10.6 +23.2 -1.9
Consolidated
adjustment -312.3 0.3 -293.5 -1.1 -18.8 +1.4
<4.4%> <4.4%> +7.8% +7.9%
Total 1,981.3 86.7 1,838.0 80.3 +143.3 +6.4
Note: Figures in parentheses (<>) indicate operating income margin.
Percentages in the column "Change" indicate year-on-year change.
Operating
incomeNet sales
FY2019 FY2018
Net salesOperating
income
★
★
★
IR 11/16
16.118.8
26.5
18.919.1 19.1
24.9 23.6
393.3
456.7478.0
510.0467.2
490.6 501.9521.6
1Q 2Q 3Q 4Q
(Billions of yen)
Operating Income
Sales
<4.1%> <4.1%> <5.5%> <3.7%><4.1%> <3.9%>
Figures in parentheses (<>) indicate operating income margin.
<5.0%> <4.5%>
Previous FYCurrent FY
FY2018
FY2019
Trends in the Quarterly Consolidated Sales and Operating Income
Exchange rate FY2018 FY2019 FY2018 FY2019 FY2018 FY2019 FY2018 FY2019
US$ 111 108 111 110 112 113 110 110
IR 12/16
3. Sales Forecasts for FY2020
IR 13/16
It is estimated that global unit sales will increase by 5.8 thousand to 209 thousand, thanks to the
overseas sales growth.
It is estimated that global unit sales will increase by 5.8 thousand to 209 thousand, thanks to the
overseas sales growth.
Global Unit Sales (Retail Sales)
FY2020
Forecasts
FY2019
ResultsChange Change (%)
Japan 69.0 71.5 -2.5 -3.5%
Overseas 140.0 131.6 +8.4 +6.3%
Total 209.0 203.2 +5.8 +2.9%
TOYOTA brand
(*)137.7 152.7 -15.0 -9.8%
*Including Dyna for Indonesia.
IR 14/16
4. Consolidated Financial Forecasts
for FY2020
IR 15/16
Consolidated Income Statements
(Billions of yen)
ItemFY2020
Forecasts
FY2019
ResultsChange Change (%)
Net sales 1,960.0 1,981.3 -21.3 -1.1%
<4.6%> <4.4%> <+0.2p>
Operating income 90.0 86.7 +3.3 +3.8%
<4.4%> <4.2%> <+0.2p>
Ordinary income 87.0 83.9 +3.1 +3.7%
<2.9%> <2.8%> <+0.1p>
56.0 54.9 +1.1 +2.0%
Note: Figures in parentheses (<>) indicate income margin.
<Exchange rate>
US$ 110 110
THB 3.47 3.43
IDR (100) 0.78 0.77
A$ 78 81
Profit attributable
to owners of parent
IR 16/16
7.020.0
90.086.7
-14.0
-2.7 -7.0
Strengthening the foundationsChange in cost structure, etc
Improvement in cost of
sales
Environmental
change
Effects of
sales
Strategicinvestments
cost
(Billions of yen)Operating income: ¥+0.3 billion (¥86.7 billion → ¥87.0 billion)
FY2020
Forecasts
announced
on April 25
FY2019Results
Foreign exchange -7.0
Materials -7.0
Analysis of Consolidated Operating Income
(Year-on-year comparison)