financial results for second quarter of fy2015 - hino motors · financial results for . second...
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IR
Financial Results for Second Quarter of FY2015(From April 1, 2014 to September 30, 2014)
October 30, 2014Hino Motors, Ltd.
IR 2/17
1. Sales Turnover
IR
・
Sales in Japan, North America, etc. increased, but sales in Asia, especially Thailand and Indonesia, declined. Consequently, sales decreased slightly from the previous year.
・
Record-high half-year sales in 4 regions, including Central and South America, North America, etc.
・
Sales in Japan, North America, etc. increased, but sales in Asia, especially Thailand and Indonesia, declined. Consequently, sales decreased slightly from the previous year.
・
Record-high half-year sales in 4 regions, including Central and South America, North America, etc.
3/17
Global Unit Sales (Retail Sales)
2,6642,0192,5982,706
3,4753,062
5,3074,593
6,9846,778
30,81037,679
24,62421,073
13/4-9 14/4-9
79,219 77,951
-1,268 units( -1.6% )
Japan
Asia
Central and South America
North America
AfricaOceania
Middle East
Europe
Japan+3,551 units
(+16.9%
16.9%
)
Overseas
58,146↓
53,327
-4,819 units( -8.3% )
※
★Record high for a half-year period(Units)
1,309 1,489
★
★
★
★
★
★
※Record high for a first half
IR
・
Truck market: The demand grew from the previous year, due to the strong demand for construction.・
Hino’s sales: The growth rate of sales was higher than that of demand.・
Truck market: The demand grew from the previous year, due to the strong demand for construction.・
Hino’s sales: The growth rate of sales was higher than that of demand.
4/17
Truck and Bus Market in Japan
(Units)
24,624
21,073
28.2%
27.0%
13/4-9 14/4-9
77,925
87,169
Total demand :+9,244 units (+11.9%)Hino‘s sales :+3,551 units (+16.9%)
Hino's share
Hino's sales(Retail)
Total demand
IR
・
Thailand: Sales volume decreased considerably from the previous year, but it is now in the recovery trend.
・
Indonesia: Customers are reluctant to purchase vehicles because of the regime change.
・
Thailand: Sales volume decreased considerably from the previous year, but it is now in the recovery trend.
・
Indonesia: Customers are reluctant to purchase vehicles because of the regime change.
5/17
Sales Volumes in Thailand and Indonesia (Retail Sales)
Thailand Indonesia
16,665
13,650
13/4-9 14/4-9 13/4-9 14/4-9
5,365
10,199
-4,834 units(-47.4%)
-3,015 units(-18.1%)
(Units)
IR
・
Decline due to the decrease in sales of SUV (Land Cruiser Prado)・
Decline due to the decrease in sales of SUV (Land Cruiser Prado)
6/17
Consolidated Unit Sales of Toyota Brand Vehicles
73,29066,266
19,202
13/4-9 14/4-9
Loading Vehicles
Loading Vehicles20,910
92,49287,176
SUVSUV
(Units)-5,316 units(-5.7%)
IR 7/17
2. Consolidated Financial Results
IR 8/17
Consolidated Income Statements
★Record high for a half-year period※Record high for a first half (Billions of yen)
Item Change
Net sales 791.6 835.4 -43.8(-1.0p)
Operating income 49.3 60.5 -11.2(-0.5p)
Ordinary income 50.9 57.5 -6.6(-0.6p)
Net income 32.7 39.6 -6.9Note: Figures in parentheses (<>) indicate income margin.
<Exchange rate>US$ 102 98THB 3.18 3.25
IDR(100) 0.88 0.97A$ 95 95
FY2015 1st Half('14/4-9)
FY2014 1st Half('13/4-9)
<6.2%> <7.2%>
<4.1%> <4.7%>
<6.4%> <6.9%>
-17.3%
-5.2%
Change (%)
-18.4%
-11.4%
※
★
★
※
(Yen)
IR
Operating income decreased, as overseas sales volume declined and the situation on the materials market worsened, although domestic sales volume increased.
Operating income decreased, as overseas sales volume declined and the situation on the materials market worsened, although domestic sales volume increased.
9/17
Analysis of Consolidated Operating Income
(6.4)8.9
FY2014 1HResults ('13/4-9)
FY2015 1HResults (‘14/4-9)
(7.9) (5.8)
49.360.5
Effects of sales
Improvement in cost of sales
Environmental change
Change in cost structure, etc
Operating income -11.2 billion yen (60.5 billion yen → 49.3 billion yen)
(Billions of yen)
IR
Sales and income decreased in Japan and Asia, due to the decline in sales volume in Thailand and Indonesia. In other areas, mainly North America, half-year sales and operating income were record-high.
Sales and income decreased in Japan and Asia, due to the decline in sales volume in Thailand and Indonesia.In other areas, mainly North America, half-year sales and operating income were record-high.
10/17
Consolidated Operating Income by Segments
★Record high for a half-year period※Record high for a first half (Billions of yen)
Net sales Operating income
<5.2%> <7.2%> -3.4% -29.9%
Japan 642.1 33.5 664.9 47.9 -22.8 -14.4<4.9%> <6.2%> -29.4% -43.8%
Asia 172.3 8.5 244.1 15.1 -71.8 -6.6<6.8%> <4.9%> +15.8% +58.9%
96.0 6.5 82.9 4.1 +13.1 +2.4
Consolidatedadjustment (118.8) 0.8 (156.5) (6.6) +37.7 +7.4
<6.2%> <7.2%> -5.2% -18.4%
Total 791.6 49.3 835.4 60.5 -43.8 -11.2
Other Areas
Note: Figures in parentheses (<>) indicate operating income margin.Percentages in the column "Change" indicate year-on- year change.
ChangeFY2015 1st Half('14/4-9)
FY2014 1st Half('13/4-9)
Net sales Operating income Net sales Operating income
※ ★
★
★※
★
★★
IR
<Exchange rate> US$ 99 102 98 103 99 103
11/17
Trends in the Quarterly Consolidated Sales and Operating Income
32.0 28.5 30.521.223.2 26.1
413.9 421.5 416.8447.4
365.2
426.4
0.0
100.0
200.0
300.0
400.0
500.0
0.0
20.0
40.0
60.0
80.0
100.0
1Q 2Q 3Q 4Q
(Billions of yen)
(Billions of yen)
FY2015
FY2014
Operating Income
Sales
Previous FY
Current FY
(Yen)
IR
3. Sales Forecasts for FY2015
12/17
IR
Global Unit Sales13/17
Japan: Considering the steady demand, the value announced on Apr. 25 has been revised upwardly, adding 4.5 thousand units. Overseas: Considering the decrease in Indonesia (-7.4 thousand units) as a major factor, the previously announced value has been revised downwardly, subtracting 8.8 thousand units.
Japan: Considering the steady demand, the value announced on Apr. 25 has been revised upwardly, adding 4.5 thousand units.Overseas: Considering the decrease in Indonesia (-7.4 thousand units) as a major factor, the previously announced value has been revised downwardly, subtracting 8.8 thousand units.
(Thousand units) (Thousand units)FY2015
('14/4-'15/3)Forecasts
announced onOctober 30
FY2015('14/4-'15/3)Forecasts
announced onApril 25
Change Change (%)FY2014
('13/4-'14/3)Results
Change Change (%)
Japan 54.0 49.5 +4.5 +9.1% 52.2 +1.8 +3.5%
Overseas 118.3 127.1 -8.8 -6.9% 114.0 +4.3 +3.7%
Total 172.3 176.6 -4.3 -2.4% 166.2 +6.1 +3.6%
Toyotabrand (*) 167.2 157.9 +9.3 +5.9% 186.6 -19.4 -10.4%
*Including Dyna for Indonesia.
IR
4. Consolidated Financial Forecasts for FY2015
14/17
IR
Consolidated Income Statements15/17
Considering the recent trends of demand, exchange rate, etc., the operating income announced on Apr. 25 has been revised upwardly, adding 10.0 billion yen.
Considering the recent trends of demand, exchange rate, etc., the operating income announced on Apr. 25 has been revised upwardly, adding 10.0 billion yen.
(Billions of yen) (Billions of yen)
Item
FY2015('14/4-'15/3)Forecasts
announced onOctober 30
FY2015('14/4-'15/3)Forecasts
announced onApril 25
Change Change (%)FY2014
('13/4-'14/3)Results
Change Change (%)
Net sales 1,660.0 1,600.0 +60.0 +3.8% 1,699.6 -39.6 -2.3%<6.0%> <5.6%> <+0.4p> <6.6%> <-0.6p>
Operating income 100.0 90.0 +10.0 +11.1% 112.2 -12.2 -10.9%<5.8%> <5.4%> <+0.4p> <6.4%> <-0.6p>
Ordinary income 97.0 86.0 +11.0 +12.8% 109.1 -12.1 -11.1%<3.9%> <3.6%> <+0.3p> <5.2%> <-1.3p>
Net income 65.0 58.0 +7.0 +12.1% 89.1 -24.1 -27.1%Note: Figures in parentheses (<>) indicate income margin.
<Exchange rate>US$ 104 100 100
THB 3.24 3.09 3.22
IDR(100) 0.89 0.88 0.93
A$ 95 90 94
Second half105
3.27
0.89
95
(Yen)
IR
Analysis of Consolidated Operating Income (Comparison with forecasts announced on April 25)
16/17
100.0
90.0
8.0
1.0
1.0
(Billions of yen)Increase in operating income: ¥+10.0 billion (¥90.0 billion to ¥100.0 billion)
FY2015 (‘14/4-‘15/3)Forecasts
announced onOctober 30
FY2015 (‘14/4-‘15/3)Forecasts
announced onApril 25
Effects of sales
Improvement in cost of sales Environmental
change
Change in cost structure, etc
IR
Analysis of Consolidated Operating Income (Year-on-year comparison)
17/17
112.2100.0
FY2014Results
('13/4-'14/3)
FY2015 (‘14/4-‘15/3)Forecasts
announced onOctober 30
(12.7)21.0(11.5)(9.0)
(Billions of yen)
Effects of sales
Improvement in cost of sales Environmental
change
Change in cost structure, etc
Decrease in operating income: ¥-12.2 billion (¥112.2 billion to ¥100.0 billion)
IR
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