may 14, 2018 isuzu motors limited - isuzu.co.jp · title: fy2018 financial results author: isuzu...

1 Copyright(C) 2018 Isuzu Motors Limited All rights reserved

FY2018 Financial Results

May 14, 2018ISUZU MOTORS LIMITED


Ⅰ． President and Representative Director : Masanori Katayama

・FY2018 and FY2019 Outlook Overview

Ⅱ． Senior Executive Officer : Kouichi Seto1．Business Status

2．FY2018 Financial Results

3．FY2019 Full-year Outlook

Ⅲ． President and Representative Director : Masanori Katayama

・Mid-term Business Strategy

Ⅳ. Q&A Session

Contents


President and Representative Director

Masanori Katayama


FY2018 Consolidated Results- Year-on-year Comparison -

Reference

( JPY Bil. ) FY18 FY17(exc North America

and Oceania Jan-Mar)

Changes FY17

Net Sales 2,070.4 1,904.8 165.6 1,953.2

Operating Income 166.8 143.4 23.4 146.4

Ordinary Income 173.6 149.6 24.0 152.0

*Net Income 105.7 92.5 13.2 93.9FX

USD/JPY 111 109THB/JPY 3.36 3.08

* Net income attributable to owners of parent


FY2019 Full-year Outlook- Consolidated, Year-on-year Comparison -

( JPY Bil. ) FY19Forecast FY18 Changes

Net Sales 2,140.0 2,070.4 69.6

Operating Profit 176.0 166.8 9.2

Ordinary Income 184.0 173.6 10.4

*Net Income 110.0 105.7 4.3FX

USD/JPY 105 111THB/JPY 3.40 3.36



Senior Executive Officer, Corporate Planning and Finance Division Executive

Kouichi Seto


Ⅱ-1. Business Status


62 75 83 81 85 80 82

214 221 248 238 221 213 231

60 4235 36 23 18 20

218168 132 130

137 154 154

136133 171 183

151 160170

0

100

200

300

400

500

600

700

800

FY13 FY14 FY15 FY16 FY17 FY18 FY19

LCVExport

LCVThailand

LCVOthers

CVOverseas

CVDomestic

657(575) ( )：Overseas unit

Forecast

690(628) 668

(586)639(564)

CV/LCV Global Shipment- Vehicle and KD-SET,etc：K-units -

668(587) 625

(545)616

(531)


31 32

31 37

FY17 FY18 FY19

74

31 18

23

22

FY17 FY18 FY19

5 9 6 7

FY17 FY18 FY19 16 15

21 20

FY17 FY18 FY19

5 6 6 7

FY17 FY18 FY19

13 10 8 9 9

FY17 FY18 FY19

Oceania

AsiaMid-East/

Africa

Europe

China

CV Global Shipment- Vehicle and KD-SET：K-units -

19

37

11

Shipment FY17 FY18 FY19 1H 152,346 142,843 - 2H 153,941 150,513 -

Full-year 306,287 293,356 312,500

54

11 16 35

4062

69

12

17

13 12

14 12

FY17 FY18 FY19

NorthAmerica

27 2441 43

44 37

FY17 FY18 FY19

Japan

85 80 82

30

15 36

21

42

Forecast

Forecast

Forecast

Forecast

Forecast

Forecast

ForecastForecast

Forecast

Mid-SouthAmerica


31,927 33,607 39,315 42,312 45,781 45,529

36,608 46,322

48,320 45,951 52,325 45,590

33.9% 33.4% 34.5% 33.4%

36.2%34.2%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000


（Unit）（Share）

98,106

68,535

87,635 88,26379,929

87,000

Japan Industry Sales and Isuzu Share- H/D,M/D Truck 4ton or above -

Forecast

2H

1H

91,119


（Unit）

36,905 40,400 44,107 46,672 48,706 48,874

38,732 51,120 52,440 51,489 54,954 55,223

39.5% 39.6% 40.6%39.2%

41.1%38.5%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

45.0%

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000


Japan Industry Sales and Isuzu Share- L/D(2-3ton) Truck -

96,547103,660

98,161

75,637

91,520103,000

（Share）

104,098

2H

1H

Forecast


11 12 7 12

FY17 FY18 FY19

9 11 7 11

FY17 FY18 FY19

18 17

28 22

FY17 FY18 FY19

22 14

28 31

FY17 FY18 FY19

8 9 9 7

FY17 FY18 FY19

12 16 15 16

FY17 FY18 FY19

62 73

75

82

FY17 FY18 FY19

Mid-South America

Oceania

AsiaMid-East／Africa

17

Europe China

27

LCV Global Shipment- Vehicle and KD-SET,etc：K-units -

22

24

50

32

18

45

16

Thailand

16 16 29

154

137

154

54

3846

39

29

23

Shipment FY17 FY18 FY19 1H 142,535 151,428 - 2H 167,528 180,454 -

Full-year 310,063 331,882 344,500

Forecast

ForecastForecast

ForecastForecast

Forecast

Forecast


217,660 168,024

132,198 130,296 136,611 154,347 154,400

80,325

69,314 95,965 104,659 87,202

84,610 88,800

55,560

63,585 75,000 77,640 63,720

75,225 81,500

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

FY13 FY14 FY15 FY16 FY17 FY18 FY19Vehicle Thailand Vehicle Export KD-SET

312,595 324,700353,545

(Unit)

287,533

Thailand LCV Shipment- Thai Domestic / Export Markets -

300,923 303,163

Forecast

314,182


Industrial Engine Global Shipment- K-Units -

50 50 54 40 32

52

41 54 44

30 49

62

0

20

40

60

80

100

120

140

160


2H

1H

91

10498

7081

139

114

Forecast


Ⅱ-2. FY2018 Financial Results


FY2018 Consolidated Results- Year-on-year Comparison -

Reference

( JPY Bil. ) FY18 FY17(exc North America

and Oceania Jan-Mar)

Changes FY17

Net Sales 2,070.4 1,904.8 165.6 1,953.2

Operating Income 166.8 143.4 23.4 146.4

Ordinary Income 173.6 149.6 24.0 152.0

*Net Income 105.7 92.5 13.2 93.9FX

USD/JPY 111 109THB/JPY 3.36 3.08



FY2017 vs.FY2018 Fluctuations- Consolidated operating income : analysis of change, JPY Bil. -

146.4

20.4

166.8

‘‘

16.8

17.5 7.0 -14.6

-8.0

-3.0

‘

143.4

23.4

4.7

Operating Income for FY17(exc North America and Oceania Jan-Mar)

Operating Income for FY17


Change of Financial

term in N

orth Am

erica and O

ceania

Sales/Model M

ix

Cost R

eduction A

ctivity

FX

Fixed Cost

Fluctuation Expenses for grow

th strategy

Steel, Oil Price

etc. Fluctuations

Actual


FY2018 Consolidated Results- Ordinary income, Net income, Year-on-year -

( JPY Bil. ) FY18FY17

(exc North America andOceania Jan-Mar)

Changes FY17

Net Sales 2,070.4 1,904.8 165.6 1,953.2Operating Income 166.8 143.4 23.4 146.4

Ordinary Income 173.6 149.6 24.0 152.0*Net Income 105.7 92.5 13.2 93.9* Net income attributable to owners of parent


Ⅱ-3．FY2019 Full-year Outlook


( JPY Bil. ) FY19Forecast FY18 Changes

Net Sales 2,140.0 2,070.4 69.6

Operating Profit 176.0 166.8 9.2

Ordinary Income 184.0 173.6 10.4

*Net Income 110.0 105.7 4.3FX

USD/JPY 105 111THB/JPY 3.4 3.36

FY2019 Full-year Outlook- Consolidated, Year-on-year Comparison -



166.8

9.2

176.0

‘‘

18.0

14.0-9.0

-3.8

-10.0

Operating Incomefor FY18


FY2018 vs.FY2019 Fluctuations- Consolidated operating income : analysis of change, JPY Bil. -

Forecast

Sales/Model M

ix

Cost R

eduction A

ctivity

FX

Fixed Cost

Fluctuation

Steel, Oil Price

etc. Fluctuations


( JPY Bil. ) FY19 FY18 Changes

Net Sales 2,140.0 2,070.4 69.6Operating Income 176.0 166.8 9.2

Ordinary Income 184.0 173.6 10.4*Net Income 110.0 105.7 4.3* Net income attributable to owners of parent

FY2019 Full-year Outlook- Ordinary income, Net income, Year-on-year -


[Appendix]

Main Financial Index


0.0

20.0

40.0

60.0

80.0

100.0

120.0


57.5

81.9 78.0

98.0 93.8

76.6

91.0

35.641.6

48.155.8 58.8 59.9 62.0

（JPY Bil.）

CAPEX and Depreciation (Consolidated)- Recent Trend and Forecast -

Forecast

CA

PEX Depreciation


（JPY Bil.）

Consolidated Revenue by Segment

592.2 630.6 681.6 693.1 788.4 786.9

72.4 98.7 125.9 141.3 173.3 143.1

602.8 595.8 524.6 541.5 529.6 640.4

388.2 435.8 547.3 551.1 461.9

500.0

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

FY13 FY14 FY15 FY16 FY17 FY18Domestic North America Asia Others

Domestic(38%)

Overseas(62%)

1,879.41,953.21,927.0

1,655.61,760.9

2,070.4


（JPY Bil.）

448.5 455.9 458.0 476.1 422.1 501.8

753.5 813.6 877.5 905.9 986.5 961.0

109.4 112.5 109.8 93.1 103.3 127.0 344.2378.9

434.1 451.8 441.2480.6

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

FY13 FY14 FY15 FY16 FY17 FY18LCV CV PT&Compo Others

1,879.41,953.21,927.0

1,655.61,760.9

2,070.4

Consolidated Revenue by Segment- LCV,CV,PT&Compo,Others(KD,Parts) -


（JPY Bil.）

Operating Margin : Historical Trend- Consolidated -

130.8

174.2 171.1 171.6 146.4

166.8

7.9

9.99.1 8.9

7.58.1

0.0

3.0

6.0

9.0

12.0

0.0

50.0

100.0

150.0

200.0

FY13 FY14 FY15 FY16 FY17 FY18Operating Income Operating Margin

（％）


（JPY Bil.）（％）

Consolidated Equity Ratio : Historical Trend- Consolidated -

529.0 633.4

754.5 751.4 818.4 919.6

39.5

41.6 41.941.5

43.5

44.5

35.0

40.0

45.0

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

1,000.0

FY13 FY14 FY15 FY16 FY17 FY18Consolidated Equity Capital Consolidated Equity Ratio


（JPY Bil.）（Month）

Inventory Balance- Consolidated -

175.9 182.9 233.0 249.1 256.0 276.1

1.3 1.3

1.5 1.6 1.6 1.6

0.0

0.3

0.6

0.9

1.2

1.5

1.8

0.0

50.0

100.0

150.0

200.0

250.0

300.0

FY13 FY14 FY15 FY16 FY17 FY18Inventory Month Turnover

may 14, 2018 isuzu motors limited - isuzu.co.jp · title: fy2018 financial results author: isuzu...

Documents