Operating Profit (Billion Yen) (Billion Profit Operating 営 20 224.6224.6 250 売
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FY2018 3rd Quarter Financial Results FY2018 3Q Financial Results Forecast for the FY2018 Copyright© UNIPRES CORPORATION, All Rights Reserved. 2 FY2018 3Q Financial Results Copyright© UNIPRES CORPORATION, All Rights Reserved. 3 Key Highlights for Q3, FY2018 (consolidated-basis) 1 . While affected by customer’s production cut, sales revenue increased year-on-year due to the impact of weaker yen exchange rates. 2. Operating income decreased mainly as a result of production reduction by customer. Copyright© UNIPRES CORPORATION, All Rights Reserved. 4 Summary of Q3, FY2018 Transition in business results Net Sales 300 Net sales 241.1241.1 242.9 Operating Operating profit (billion yen) 営 20 224.6224.6 250 売 業 上(billion yen Operating profit 利 200 高 益 150 ( ( 億 億 10 円) 17.7 100 円 15.5 13.9 ) ) 50 0 0 3Q, FY2016 3Q, FY2017 (A) 3Q, FY2018 (B) (B) - (A) Net sales 224.6 241.1 242.9 +1.8 Operating profit 15.5 17.7 13.9 -3.8 Ordinary profit 15.0 18.9 14.5 -4.4 Net income attributable 8.8 11.5 8.8 -2.7 to owners of parent ※ While affected by customer’s production cut, sales revenue increased year-on-year by 1.8 billion yen due to the impact of weaker yen exchange rates. Copyright© UNIPRES CORPORATION, All Rights Reserved. ※ Operating income down by 3.8 billion yen due to decreased production. 5 Consolidated Sales by Product Group (billion yen) 3Q, FY2017 3Q, FY2018 Variance Variance Sales % Sales % % Car body press 201.5 83.6% 202.5 83.4% +1 -0.2% products Transmission 34.9 14.5% 34.8 14.3% -0.1 -0.2% products Plastic 3.0 1.2% 3.1 1.3% +0.1 +0.1% products Other 1.7 0.7% 2.5 1.0% +0.8 +0.3% Total 241.1 100% 242.9 100% +1.8 ― ※ No significant change to the composition ratio. Copyright© UNIPRES CORPORATION, All Rights Reserved. 6 Consolidated Sales by Customer (billion yen) 3Q, FY2017 3Q, FY2018 Variance Sales % Sales % Nissan Motor-related products Sub-total 202.0 83.8% 204.4 84.1% +0.3% Dongfeng Motor Company Ltd. 38.1 15.8% 44.6 18.4% +2.6% Nissan Motor 36.2 15.0% 31.3 12.9% -2.1% JATCO (Incl. overseas operations) 29.6 12.3% 29.0 11.9% -0.4% Nissan North America 29.8 12.4% 28.0 11.5% -0.9% Nissan Mexicana 27.6 11.4% 25.9 10.7% -0.7% Nissan Europe 18.1 7.5% 19.3 8.0% +0.5% NISSAN SHATAI 10.0 4.1% 11.1 4.6% +0.5% Calsonic Kansei (Incl. overseas operations) 8.1 3.4% 8.0 3.3% -0.1% Renault Nissan India 2.2 0.9% 2.5 1.0% +0.1% Nissan Thailand 1.6 0.7% 1.9 0.8% +0.1% Zhengzhou Nissan 0.5 0.2% 0.9 0.4% +0.2% Nissan Indonesia 0.2 0.1% 0.4 0.2% +0.1% ※Ratio of Dongfeng Motor Company Ltd. rose by 2.6%. 7 Consolidated Sales by Customer (billion yen) 3Q, FY2017 3Q, FY2018 Variance Sales % Sales % Other customers Sub-total 39.1 16.2% 38.5 15.9% -0.3% Incl.) Honda of America Mfg., Inc. 5.0 2.1% 4.8 2.0% -0.1% Honda of The U.K. Manufacturing Ltd. 3.4 1.4% 4.0 1.7% +0.3% Honda Motor Co., Ltd. 2.9 1.2% 2.2 0.9% -0.3% Honda Honda De Mexico, S.A. De C.V. 2.5 1.0% 1.8 0.7% -0.3% P.T. Honda Prospect Motor 1.8 0.7% 1.5 0.6% -0.1% Renault Renault S.A.S. 4.4 1.8% 3.5 1.5% -0.3% Dongfeng Renault Automotive Co., Ltd 2.8 1.2% 2.3 1.0% -0.2% Mazda Mazda Motor Corporation 1.9 0.8% 1.9 0.8% 0.0% Mazda Motor Manufacturing de Mexico, S.A. de C.V. 1.0 0.4% 1.0 0.4% 0.0% Dynax Corporation (Incl. overseas operations) 2.2 0.9% 2.0 0.8% -0.1% AISIN AW CO., LTD. (Incl. overseas operations) 1.1 0.5% 2.0 0.8% +0.3% SUBARU CORPORATION 0.9 0.4% 1.2 0.5% +0.1% NSK-Warner K.K. 0.3 0.1% 0.4 0.1% 0.0% TOYOTA AUTO BODY CO.,LTD. (Incl. overseas operations) 0.4 0.1% 0.3 0.1% 0.0% SUZUKI MOTOR CORPORATION. (Incl. overseas operations) 0.1 0.0% 0.3 0.1% +0.1% MITSUBISHI MOTORS CORPORATION 0.1 0.1% 0.2 0.1% 0.0% Daihatsu Motor Co., Ltd. 0.2 0.1% 0.2 0.1% 0.0% UD Trucks Corporation 0.3 0.1% 0.2 0.1% 0.0% Hino Motors, Ltd. (Incl. overseas operations) 0.1 0.1% 0.2 0.1% 0.0% Isuzu Motors Limited 0.1 0.0% 0.1 0.1% +0.1% Toyoda Iron Works Co.,Ltd. 0.1 0.1% 0.1 0.0% -0.1% ※ Ratio of AISIN AW CO., LTD. rose by 0.3%. 8 (billion yen) Operating Profit Variance Analysis 20 ※ Exchange gain or loss :0 -3.0 0.2 15 -0.3 -0.3 -0.5 -0.3 1.9 --0.31.0 -0.21.0 17.7 -0.4-0.3 10 13.9 5 Volume amortization and Depreciation reinforcement Production adjustment Consolidation Cost saving Cost Others SG&A parts new forcost Initial 0 model & FY2017 FY2018 car car 3Q 3Q fluctuation model model mix etc. 9 Sales/Operating Profit by Region (Japan) (billion yen) (billion yen) Net sales Operating profit 100 10 50 5 74.7 77.8 74.1 6.3 6.3 4.1 0 0 FY2016 FY2017 FY2018 FY2016 FY2017 FY2018 3Q 3Q 3Q 3Q 3Q 3Q ※ Sales dropped by 4.8% due to customers’ reduced production. ※ Operating profit increased slightly as a result of cost reduction efforts and other factors. Copyright© UNIPRES CORPORATION, All Rights Reserved. 10 Sales/Operating Profit by Region (The Americas) (billion yen) (billion yen) Net sales Operating profit 120 6 90 60 3 4.9 4.4 77.0 76.7 73.0 30 1.7 0 0 FY2016 FY2017 FY2018 FY2016 FY2017 FY2018 3Q 3Q 3Q 3Q 3Q 3Q ※ Sales dropped by 4.8% due to customers’ reduced production and forex impact. ※ Operating income dropped by 61.4% as a result of sales decrease. Copyright© UNIPRES CORPORATION, All Rights Reserved. 11 Sales/Operating profit by Region (Europe) (billion yen) (billion yen) Net sales Operating profit 30 1.5 20 1 26.8 27.9 23.3 10 0.5 0.9 0.8 0.5 0 0 FY2016 FY2017 FY2018 FY2016 FY2017 FY2018 3Q 3Q 3Q 3Q 3Q 3Q ※ Sales increased by 4.1% due to the impact of exchange rate etc. ※ Operating income decreased by 0.3 billion. Copyright© UNIPRES CORPORATION, All Rights Reserved. 12 Sales/Operating Profit by Region (Asia) (billion yen) (billion yen) Net sales Operating profit 80 8 60 6 40 4 67.9 59.7 6.0 5.5 5.8 49.6 20 2 0 0 FY2016 FY2017 FY2018 FY2016 FY2017 FY2018 3Q 3Q 3Q 3Q 3Q 3Q ※ Sales increased by 13.7% due to the effect from exchange rate etc. ※ Operating income increased by 0.2 billion yen. Copyright© UNIPRES CORPORATION, All Rights Reserved. 13 Capital Investment (billion yen) 40 Domestic国内実績 business results Overseas海外実績 business results Annual plan (30.0) 30 23.2 20.0 20 18.4 9.2 6.9 17.0 7.3 5.1 10 14.0 11.1 13.1 11.9 0 FY2012015年度5 2016FY201年度6 2017FY201年度7 3Q2018 , FY201年度 8 Copyright© UNIPRES CORPORATION, All Rights Reserved. 14 Depreciation and Amortization (billion yen) 40 減価償却費Depreciation and amortization 設備投資Capital investment Annual plan (30.0) 30 Annual plan (19.0) 20 23.2 10 20.0 17.7 18.4 18.3 18.6 17.0 13.7 0 2015FY201年度5 2016FY201年度6 2017 FY201年度7 3Q2018 , FY201年度 8 ※ Depreciation and amortization as well as capital investment progressed mostly as planned. Copyright© UNIPRES CORPORATION, All Rights Reserved. 15 Cash Flows (billion yen) 30 Cash営業活動キャッシュ・フロー flow from operating activities Cash投資活動キャッシュ・フロー flow from investing activities Freeフリー・キャッシュ・フロー cash flow 20 5.6 11.4 11.4 0.8 23.0 20.7 19.4 19.4 10 17.1 14.7 14.8 14.0 15.1 11.6 0 -2.4 -10 FY2014 FY2015 FY2016 FY2017 FY2018 3Q 3Q 3Q 3Q 3Q ※ Zero free cash flow due to investments made for future including production foundation reinforcement. Copyright© UNIPRES CORPORATION, All Rights Reserved. 16 Interest-bearing Debt & Net Interest-bearing Debt Balance 50 (billion yen) 長期借入金Long-term loans payable Interest-bearing debt balance 42.7 短期借入金Short-term loans payable Net interest-bearing debt balance 40 9.8 30.3 30 6.2 22.4 20 1.8 32.9 13.1 13.7 24.1 1.3 1.2 10 17.0 20.6 11.8 12.5 2.8 0 End-March, End-March, End-March, End-March, End-December, 2015 2016 2017 2018 2018 ※ Interest-bearing debts increased by 0.6 billion yen compared with the end-March, 2017. Copyright© UNIPRES CORPORATION, All Rights Reserved. 17 Forecast for the FY2018 Copyright© UNIPRES CORPORATION, All Rights Reserved. 18 2018 Consolidated Business Plan Highlights 1. Net sales forecast to decline mainly due to customers’ reduced production.