FY2010 1 st Quarter Financial Results ended June 30, 2009 July 31, 2009
Overview of FY2010 1 st Quarter Financial Results 1 / 8 1. Sales and income decreased due to worldwide decline 1. Sales and income decreased due to worldwide decline in car production and substantial currency exchange in car production and substantial currency exchange loss. loss. 2. Upward revision of FY2010 1 st -half forecast. 2. Upward revision of FY2010 1 st -half forecast.
FY2010 1 st Quarter Financial Results 2 / 8 (Ratio to Sales) (Unit: Billions of Yen) FY10 1Q FY09 1Q Change FY10 1Q FY09 1Q Change Sales 584.9 983.9 -399.0 -40.6% Sales 584.9 983.9 -399.0 -40.6% Operating Operating -15.2 74.2 -89.4 - -15.2 74.2 -89.4 - (-2.6%) (7.5%) Income Income Income before Income before -9.3 88.6 -98.0 - -9.3 88.6 -98.0 - (-1.6%) (9.0%) Income Taxes Income Taxes Net Income -2.7 51.7 -54.3 - Net Income -2.7 51.7 -54.3 - (-0.5%) (5.3%) JPY96/$ JPY104/$ -JPY8 JPY96/$ JPY104/$ -JPY8 Foreign Foreign Exchange Rate JPY131/Euro JPY162/Euro -JPY31 Exchange Rate JPY131/Euro JPY162/Euro -JPY31 (Unit: Millions of Units) Domestic Car Domestic Car 1.71 2.88 -1.17 -40.6% 1.71 2.88 -1.17 -40.6% Production Production Overseas Car Overseas Car 2.46 3.15 -0.69 -21.9% 2.46 3.15 -0.69 -21.9% Production of Japanese Production of Japanese Manufacturers Manufacturers (0.69) (1.14) (-0.45) (-39.5%) (0.69) (1.14) (-0.45) (-39.5%) (North America) (North America)
Change in 1 st Quarter Consolidated Sales 3 / 8 (Unit: Billions of Yen) By Customer By Business Segment 983.9 983.9 1,000 600 1,000 36.5 67.1 83.3 321.4 500 -20.1 700 800 -23.7 89.8 18.1 26.6 -28.3 584.9 -138.1 31.9 400 600 584.9 151.3 Others Others -40.2 36.0 600 16.4 Small Small -7.4 43.4 Others Others Motors Motors -9.4 71.8 55.1 500 -54.6 300 183.3 -17.9 Electronic Electronic 49.6 233.3 -9.8 400 Electric Electric Ford Ford 96.7 200 400 -29.4 -99.1 10.6 Suzuki Suzuki Information Information 17.2 & Safety 478.1 14.0 & Safety 134.2 GM GM 26.2 200 Fiat 42.4 Powertrain Fiat Powertrain 300 -186.8 100 322.5 -133.1 Honda Honda 291.2 Thermal 189.5 Thermal Toyota Toyota Group Group 0 0 FY09 1Q FY10 1Q FY09 1Q FY10 1Q '08/6 '09/6 '08/6 '09/6
Change in 1 st Quarter Income before Income Taxes 4 / 8 88.6 -139.3 (Unit: Billions of Yen) Income before Production volume Income decrease Taxes Raw material cost -9.3 +4.9 +4.9 +8.6 Non-operating income +9.2 Depreciation decrease Cost +39.6 reduction -12.1 Labor cost Extraordinary Currency Fixed cost loss increase exchange -7.8 Expense reduction loss -5.2 reduction (57.4) -0.8 Product mix FY09 FY10 1Q 1Q
1 st Quarter Geographical Segments by Company Location 5 / 8 ( ): Local Currency Base (Unit: Billions of Yen) 500 700 31.4 30 Sales Operating Income 650.7 -39.1% 450 650 -57.1% 25 23.1 (-50.4%) 396.1 400 20 15 350 10.8 ‐ 80.6% 9.9 10 (-76.2%) 7.0 300 5 1.4 250 0 -43.9% -2.2 (-36.5%) 200 190.9 -5 -41.7% -37.8% (-24.7%) 163.9 (-27.7%) 152.2 -10 150 -15 107.1 95.6 94.7 100 -20 50 -25 -24.7 -30 0 FY09 FY10 FY09 FY10 日本 北中南米 欧州 豪亜 日本 北中南米 欧州 豪亜 1Q 1Q 1Q 1Q The Asia & The Asia & Japan Europe Japan Europe Americas Americas Oceania Oceania
FY2010 1 st Half Financial Forecast 6 / 8 (Ratio to Sales) (Unit: Billions of Yen) FY10 2Q YTD FY10 2Q YTD FY10 2Q YTD Change FY09 2Q YTD Change FY09 2Q YTD Revised Original Revised Sales 1,260.0 -33.4% -632.3 1,892.3 Sales 1,260.0 -33.4% 1,225.0 -632.3 1,892.3 1,225.0 Operating Operating -40.0 -154.8 - 114.8 -40.0 -75.0 -154.8 - 114.8 -75.0 (-3.2%) (6.1%) Income Income (-6.1%) Income before Income before -35.4 -141.0 - 105.7 -35.4 -74.0 -141.0 - 105.7 -74.0 Income Taxes Income Taxes Net Income -21.0 -80.0 - 59.0 Net Income -21.0 -38.0 -80.0 - 59.0 -38.0 (-1.7%) (3.1%) (-3.1%) (Unit:Millions of Units) Foreign JPY96/$ JPY105/$ - JPY9 Foreign JPY96/$ JPY105/$ - JPY9 JPY95/$ JPY95/$ Exchange Rate JPY128/Euro JPY125/Euro JPY161/Euro + JPY33 Exchange Rate JPY128/Euro JPY125/Euro JPY161/Euro + JPY33 Domestic Car Domestic Car 3.83 5.79 -33.9 % -1.96 3.83 5.79 -33.9 % 3.61 -1.96 3.61 Production Production Overseas Car Production Overseas Car Production 5.33 6.25 -0.92 -14.7% 5.33 6.25 -0.92 -14.7% 5.09 of Japanese 5.09 of Japanese Manufacturers （ 1.59 ） Manufacturers （ 1.59 ） （ 1.51 ） （ 2.15 ） （ -0.64 ） （ -29.8% ） （ 1.51 ） （ 2.15 ） （ -0.64 ） （ -29.8% ） (North America) (North America)
Change in 1 st Half Income before Income Taxes 7 / 8 105.7 -207.0 (Unit: Billions of Yen) Income before Production volume Income decrease Taxes -35.4 Income Extraordinary before +23.6 loss decrease Income Cost reduction Taxes +8.0 +8.0 +12.0 Non-operating income Raw +14.0 Depreciation decrease material cost +50.0 Labor cost -27.0 Fixed cost Currency exchange -9.9 reduction Expense loss reduction -12.8 (76.0) FY09 FY10 Product mix and others 2Q YTD 2Q YTD
Capital Expenditures, Depreciation and R&D 8 / 8 (Unit: Billions of Yen) 1Q Progress FY09 FY10 Change to FY09 Estimate 1Q 1Q from PY Estimate -63.2% 19.2% Japan 53.3 221.6 19.6 102.0 -48.7% 28.6% The Americas 7.8 31.0 4.0 14.0 -38.2% 26.3% Europe 6.8 26.4 4.2 16.0 -14.9% 26.3% Asia & Oceania 7.4 35.4 6.3 24.0 Capital Exp. -54.8% 21.8% 75.3 314.4 34.0 156.0 -9.0% 21.7% Japan 44.5 209.5 40.5 187.0 -19.1% 23.9% The Americas 6.8 25.6 5.5 23.0 -28.6% 23.7% Europe 6.3 18.5 4.5 19.0 -22.7% 22.2% Asia & Oceania 6.6 23.0 5.1 23.0 Depreciation -13.4% 22.1% 64.2 276.6 55.6 252.0 R&D Expenditure 72.7 297.1 58.9 260.0 -19.0% 22.7% (Ratio to Sales) (7.4%) (9.5%) (10.1%) (9.6%)
Appendix ･ Geographical Segments by Company Location ･ Non-Consolidated Financial Results ･ Pre-Conditions (Foreign Exchange Rate/Car Production) ･ Consolidated Sales by Customer ･ Consolidated Sales by Business Segment
1 st Half Geographical Segments by Company Location ( ): Local Currency Base (Unit: Billions of Yen) Sales Operating Income 50 1,280.1 -48.1% 44.7 43.4 (-40.2%) 1,200 -31.0% 40 30 22.5 1,000 20 14.9 883.0 9.1 10 800 0 -0.5 -5.5 600 -10 -20 -38.3% 400 (-28.5%) -38.7% 356.7 -28.5% -30 (-20.4%) 300.6 (+16.5%) 293.5 220.0 215.0 -40 200 180.0 -50 -56.5 -60 0 FY09 FY10 FY09 FY10 日本 北中南米 欧州 豪亜 2Q YTD 2Q YTD The Asia & 2Q YTD 2Q YTD The Asia & Japan Europe Japan Europe Americas Americas Oceania Oceania
Non-Consolidated Financial Results Income Statements (Ratio to Sales ) (Unit: Billions of Yen, %) Change FY2010 2Q YTD Forecast Change from FY08 Account FY2010 1Q FY2009 1Q Amount Percent Forecast as of Jul. 31 Amount Percent Forecast as of Apr. 28 Net Sales ( 100.0 ) 365.6 ( 100.0 ) 594.2 -228.7 -38.5 ( 100.0 ) 775.0 -389.5 -33.4 ( 100.0 ) 740.0 Cost of Sales ( 97.9 ) 358.0 ( 89.6 ) 532.4 -174.4 SGA Expenses ( 7.0 ) 25.5 ( 6.3 ) 37.6 -12.1 Operating Income ( -4.9 ) -18.0 ( 4.1 ) 24.2 -42.2 - ( -6.1 ) -47.0 -77.1 - ( -10.1 ) -75.0 Non-Operating Income 22.5 26.1 -3.6 34.0 3.9 28.0 Extraordinary Income (Loss) -1.4 0.0 -1.3 -1.4 23.1 0.0 Income Before Income Taxes ( 0.9 ) 3.2 ( 8.5 ) 50.3 -47.1 -93.7 ( -1.9 ) -14.4 -50.1 - ( -6.4 ) -47.0 Net Income ( 2.5 ) 9.0 ( 5.3 ) 31.6 -22.5 -71.3 ( -0.4 ) -3.0 -23.4 - ( -2.8 ) -21.0 Domestic Car Production (Mil.unit) 1.71 2.88 3.83 - Foreign Exchange Rate (US$) 96 Yen 104 Yen 96 Yen 95 Yen Foreign Exchange Rate (Euro) 131 Yen 162 Yen 128 Yen 125 Yen Income Before Income Taxes Changes in Income Before Income Taxes (FY09 1Q => FY10 1Q) Bil.Yen 197.4 (Unit: Billions of Yen) 184.6 183.5 200 Positive Factors Negative Factors 150 Fixed cost reduction 47.5 Production volume decrease -84.6 (Expense decrease 34.9) Currency exchange loss -9.2 95.1 93.6 100 85.4 (Labor cost decrease 8.4) Non-operating income decrease -3.6 -14.4(2Q) 50.3(1Q) (Depreciation decrease 4.2) Extraordinary loss increase -1.3 50 3.2(1Q) 64.6 55.9 55.7 35.8 Raw material cost decrease 2.5 0 (2Q) Variable cost reduction 1.2 Product mix 0.4 -50 Sub Total 51.6 Sub Total -98.7 -59.0(4Q) -47.1 -100 Total Decrease -131.2 -150 FY06 FY07 FY08 FY09 FY10F
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