FY2 0 11 Fi na n ci a l R esu l ts - calsonickansei.co.jp · FY2 0 11 Fi na n ci a l R esu l ts...

（C）Copyright 2012 Calsonic Kansei Corporation. All Rights Reserved. 0

May 14, 2012Calsonic Kansei Corporation

President & CEO Bunsei Kure

FY2011 Financial Results


FY2011 Financial Outline


FY2011 Financial Outline <Apr.- Mar. Accumulated total>

FY10 Actual(A)

(10/04-11/03)

FY11 Actual(B)

(11/04-12/03)

Variance(B)-(A)

Sales (Value-added sales)

7,482(5,211)

7,823(5,085)

+341(-126)

Operating profit* (Operating profit ratio)

195(3.7%)

220(4.3%)

+25－

Ordinary profit*(Ordinary profit ratio)

187(3.6%)

220(4.3%)

+33－

Net profit*(Net profit ratio)

156(3.0%)

243(4.8%)

+87－

FX rate $ 85.7 79.1 -6.6€ 113.1 109.0 -4.1

(100 millions of JPY)

*Profit ratios are calculated based on value-added sales


4,567 4,253 5,211 5,085

495 486 518 628

1,632 1,455

1,753 2,110

0

2,000

4,000

6,000

8,000

10,000

FY08 FY09 FY10 FY11

Pass-through partsCatalysts, etc.Value added sales

(100M of JPY)

Pass-through parts

Catalysts, etc.

6,194

7,482

Sales History <FY08 - FY11>

6,694

In-house(Value-added

sales)

7,823

(*) Internal management figures are used for pass-through parts

Variance analysis

◇ Effects of exchange fluctuation

-255

◇ Effects of operation capacity, etc.

+595

Module sales ratio = Module sales / Overall sales ×100


3,053 3,088

1033 828427 419

1209 1284

0

1,000

2,000

3,000

4,000

5,000

Sales History by Region (100M of JPY)

FY10 FY11 FY10 FY11 FY10 FY11 FY10 FY11

In-house(Value-Addedsales)

4,179

1,601

761

1,451

4,489

1,513

802

+310

-88

+41

+1031,554

Japan North America

Europe Asia


84

39

12

61

115

3120

53

0

50

100

150

+31

(100M of JPY)

Operating Profit History by Region

FY10 FY11

-8+8

-8

Japan North America Europe Asia

FY10 FY11 FY10 FY11 FY10 FY11


-50

0

50

100

150

200

250

Effects of exchange fluctuation-21

Operating Profit Variance Analysis <FY10 vs. FY11>

(100M of JPY)

FY10 Operating

profit

195

Rationalization, etc. +21

Effects of operational efficiency

+50

FY11 Operating

profit220

R&D cost increase

-25


Ordinary Profit, Net Profit <Apr. – Mar. accumulated total>

FY10 FY11 Detail (FY11 Actual)

Operating Profit 195 220Non-operating Profit/Loss -8 0

Ordinary Profit 187 220Extraordinary Profit/Loss -49 78

Profit: Fixed asset sales 101, etc.Loss: Natural disaster impact-12, etc.

PBT 138 298Taxes 18 -55

Corporate tax, resident/business tax: 30Corporate taxes adjustment：16

Net Profit 156 243 Year-end dividend is 3.75yen per share (FY11 total: 7.50yen)


(100M of JPY)

270

161 151

215

287

258

221206

0

100

200

300

400

276

212 210235

0

100

200

300

400

FY09 FY10 FY08

Depreciation

3.8% 5.0%5.9% 6.0%2.9% 4.0%

CAPEX R&D Cost

FY11

4.2% 4.6%

CAPEX, Depreciation, R&D Cost Apr.-Mar. Accumulated Total

(100M of JPY)

FY09 FY10 FY08 FY11

CAPEX on sales(VA sales)

R&D on sales(VA sales)


FY2012 Forecast


FY2012 Financial Forecast

FY11 Actual (A)

(11/04-12/03)

FY12 Forecast (B)

(12/04-13/03)

Variance(B)-(A)

Sales (Value-added sales)

7,823(5,085)

8,100(5,200)

+277(+115)

Operating profit* (Operating profit ratio)

220(4.3%)

260(5.0%)

+40－

Ordinary profit*(Ordinary profit ratio)

220(4.3%)

250(4.8%)

+30－

Net profit*(Net profit ratio)

243(4.8%)

150(2.9%)

-93－

FX rate $ 79.1 82.0 +2.9€ 109.0 105.0 -4.0

(100M of JPY)

*Profit ratios are calculated based on value-added sales


3,088 3,080

828 910419 430

1284 1300

0

1,000

2,000

3,000

4,000

5,000

Sales Forecast by Region (100M of JPY)

FY11 FY12

4,489

1,513

802

1,5541,870

820

1,490

-49

+357

+18

-64

4,440

Japan North America

Europe Asia

FY11 FY12 FY11 FY12 FY11 FY12

In-house(Value-Addedsales)


Operating Profit Variance Analysis<FY11 Actual vs. FY12 Forecast>

-50

0

50

100

150

200

250

300

FY11 Actual

220

Effects of exchange fluctuation

+7

FY12 Forecast

260

R&D cost increase

-25

Effects of operational efficiency

+24

Rationalization, etc. +34


(100M of JPY)

161 151

215240

258

221206

200

0

100

200

300

400

212 210235

260

0

100

200

300

400

FY10 FY11 FY09

Depreciation

2.9% 4.0%3.8% 5.0%4.2% 4.6%

CAPEX R&D Cost

FY12

4.6% 5.0%

CAPEX, Depreciation, R&D Cost Plan Apr.-Mar. Accumulated Total

(100M of JPY)

CAPEX on sales(VA sales)

R&D on sales(VA sales)

FY10 FY11 FY09 FY12


Actions in the Second Year of CK Mid-term Plan “CK GX4 T10”


Growth

GlobalGreen

• Introducing Eco-Technologies/Products to Lead the global competition


Establishing the Corporate Foundation for Great Company

•Embracing Growing Demand for Small /Low Cost Cars

•Business Expansion in Emerging Countries

•Standardization of Global Management /Operational Processes

15


Growth

• 新興国での事業拡大• 新興国での事業拡大 Global

•Standardization of Global Management /Operational Process


Green


• Embracing Growing Demand for Small /Low Cost Cars

• Business Expansion in Newly Emerging Countries

16



Green: Introducing Environment Products into the Market

FY11-12

FY13-14

FY15-16

Introduce 10 Environmental-friendly products which leads the global competition by FY16Introduce 10 Environmental-friendly products which leads the global competition by FY16GoalGoal

17


Green : New Technology / New Products Injection Skin EGR Cooler

The world’s first injection skin technology

Realized high-quality skin for Soft-touch Instrumental Panel with low cost

Production is possible at all Global CK plants with regular molding machines. First production will start in China.

Super small & light-weight EGR cooler, of which demand is expected to increase for gasoline-engine cars

Achieved the world top-class heat-exchange efficiency with new VVG fin

23 products, including the above two, will be exhibited at Automotive Engineering Exhibition 2012 (@ PACIFICO Yokoyama, 23rd-25th May)


Growth

GlobalGreen

• Introducing Environment Technologies /Products to Lead the Industry

• Introducing Environment Technologies /Products to Lead the Industry

•Embracing Growing Demand for Small /Low Cost Cars

•Business Expansion in Emerging Countries


19


Growth : Business Expansion in Emerging Countries

Establishment of subsidiaries in Brazil & Russia

Enhancement of business at existing sites Production increase in China and Mexico Launched compressor production in China (from March ‘12)

Calsonic Kansei do Brazil LTDA（2012.7～）

Calsonic Kansei RUS LLC（2012.5～）

●Saint Petersburg

São Paulo （Office）●


Accelerating Sales Expansion Actions to Achieve “CK GX4 T10”

Growth ： Sales Expansion

*The pictures are for illustrative purpose only

Compressor(Brazil)

Electronic parts(India)

Heat exchanger(Europe)

Small & mini car HVAC

Interior, heat exchanger, exhaust system

(China local brand)


Growth

GlobalGreen

•Environment Technologies/Products to Lead the Industry

•Environment Technologies/Products to Lead the Industry



22

• Embracing Growing Demand for Small /Low Cost Cars

• Business Expansion in Emerging Countries


Global ： Region Management

Enhance engineering resources in emerging countries<R&D headcount increase in China and Mexico>

Established “Global Innovative Re-engineering Division” (from April ‘12)To realize “True Global HQ”

ChinaE/O FY10

253HC

E/O FY11

320HC

E/O FY12 (plan)

409HC MexicoE/O FY10

18HC

E/O FY11

31HC

E/O FY12 (plan)

50HC


*1: OP on Value-added sales

6,194

7,482 7,823 8,100

10,000

FY09 FY10 FY11 FY12 FY16 -1.3

3.74.3

5.1

7.0

FY09 FY10 FY11 FY12 FY16

Global Top 10 Automotive Suppliers

in Sales(over 1 Trillion yen)

Global Top 10 Automotive Suppliers

in Operating Profit (7%+ OP Rate*1)


・Plans, strategies, opinions and other statements regarding Calsonic Kansei Corporation stated in this document, other than historical facts, are forward-looking statements, which include risks and uncertainty. Please note the actual results may differ from the statements in accordance with the future economic condition, market trends, exchange fluctuation, and other important aspects.

・The statements in this documents are developed based on the purpose to provide information, and not to solicit investment.

・This document is the copyright of Calsonic Kansei Corporation. Reproduction or use of any copy without permission is prohibited.

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