JTEKT Corporation · TSE:6473

JTEKT — H1 FY2013 Earnings Presentation

20 slides from JTEKT's earnings presentation, Nov 22, 2013

  1. Slide 1: First-Half Results for Fiscal Year Ending March 2014

    1 First-Half Results for Fiscal Year Ending March 2014 November 22, 2013 JTEKT Corporation JTEKT Corporation

  2. Slide 2: 1. First Half Results for Fiscal 2013; 2. Forecasts for Fiscal 2013

    2 1. First Half Results for Fiscal 2013 2. Forecasts for Fiscal 2013 JTEKT Corporation

  3. Slide 3: 1-1) Consolidated Performance

    3 1-1) Consolidated Performance ・The highest sales in history ・The highest Operating & Ordinary Income in history after FY2008(Financial Crisis) (100 million yen) First-Half First-Half Increase Increase FY2012 FY2013 /Decrease /Decrease(%) Net Sales 5,262 6,124 ＋862 ＋16.4% Operating Income (2.9%) 15

  4. Slide 4: 1-2) Quarter Trend

    4 1-2） Quarter Trend Operating income rate （100 million yen） 4.0% 4.5% 6.7% 3.3% 3.0% 3.5% 3.5% 2.9% 1.4% 3,110 2,894 3,014 2,893 2,669 2,592 2,403 2,518 2,317 194 140 Sales 102 104 92 80 79 74 Operating 35 Income FY2007※1 FY2010※2 FY2011※2 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 2Q'13 1US$ 113yen 84yen 78yen

  5. Slide 5: 1-3) Operating Income Change Analysis

    5 1-3） Operating Income Change Analysis Operating Income +90 （100million yen） Negative impact △80 Positive impact +181 ＋125 ＋26 ＋19 244 153 △30 △7 △43 Excludes Exchange Rate Impact First- First- Income Rise in Material Price Sales Growth Improvement Fallin Selling Rise in Raw Price Level Exchange Ha

  6. Slide 6: 1-4) Product [Mechanical Components]

    6 1-4） Financial Result by Product 【Mechanical Components】 (100 million yen) First-Half 2010年度 First-Half 2011年度 Increase Increase Mechanical Components 増 減 額 増 減 額 率 FY2012 第2四半期 FY2013 第2四半期 /Decrease /Decrease(%) スSteering テアリ ング 売 System Net 上 高 Sales 1,956 2,350 1,841 2,880 △＋115 529 △ ＋△ ＋ 5.9

  7. Slide 7: 1-4) Product [Machine Tools]

    7 1-4） Financial Result by Product 【Mechanical Components】 (100 million yen) First-Half 2010年度 First-Half 2011年度 Increase Increase Machine Tools FY2012 FY2103 増 減 額 /Decrease 増 減 額 率 /Decrease(%) 第2四半期 第2四半期 売 Net 上 Sales 高 558 730 679 757 121 ＋＋ 27 ＋ ＋＋ △21.6% 121 3.7% 2.8% 営Operating 業 Income 利 益

  8. Slide 8: 1-5) Region [Japan]

    8 1-5） Financial Result by Region 【Japan】 (100 million yen) 2010年度 First-Half 2011年度 First-Half Increase Increase Japan 増 減 額 増 減 額 FY2012 第2四半期 FY2013 第2四半期 /Decrease /Decrease(%) 売Net 上 Sales高 2,480 2,764 2,363 2,689 117 △△ 75 117 △2.7% △ 営 Operating 業 利 益 Income 84 86 63 154 △67 ＋ 21 △21 ＋77.6% Q

  9. Slide 9: 1-5) Region [Europe]

    9 1-5） Financial Result by Region 【Europe】 (100 million yen) 2010年度 First-Half 2011年度 First-Half Increase Increase Europe 増 減 額 増 減 額 FY2012 第2四半期 FY2013 第2四半期 /Decrease /Decrease(%) 売Net 上 Sales高 756 624 760 947 ＋322 ＋4 ＋4 ＋51.6% 営 Operating 業 利 益 Income 30 △△ 7 16 △ 29 △0 ＋ 9 9 △－ Quarter Quarter

  10. Slide 10: 1-5) Region [North America]

    10 1-5） Financial Result by Region 【North America】 (100 million yen) North 2010年度 First-Half 2011年度 First-Half Increase Increase 増 減 額 増 減 額 America FY2012 第2四半期 FY2013 第2四半期 /Decrease /Dcrease(%) 売Net 上 Sales高 716 861 696 1,174 313 ＋△ 19 △19 ＋36.4% 営 Operating 業 利 益 Income 1 △ 11 4 13 ＋12 15 ＋15 －

  11. Slide 11: 1-5) Region [Asia・Oceania]

    11 1-5） Financial Result by Region 【Asia・Oceania】 (100 million yen) Asia・ First-Half First-Half Increase Increase Oceania FY2012 FY2013 /Decrease /Decrease(%) 売Net 上 Sales高 622 824 ＋202 ＋32.4% 営 Operating 業 利 益 Income 65 84 ＋19 ＋29.7% Quarter Quarter Trend Trend (100 million yen) 13.1% 16.3% 11.8% 9

  12. Slide 12: 1-5) Region [China]

    12 1-5） Financial Result by Region 【China】 (100 million yen) First-Half First-Half Increase Increase China FY2012 FY2013 /Decrease /Decrease(%) 売Net 上 Sales高 301 381 ＋79 ＋26.2% 営 Operating 業 利 益 Income 34 39 ＋5 ＋15.5% Quarter Quarter Trend Trend (100 million yen) 13.3% 11.5% 16.8% 11.1% 11.2% 15.0%

  13. Slide 13: 1-5) Region [Other]

    13 1-5） Financial Result by Region 【Other】 (100 million yen) First-Half First-Half Increase Increase Other FY2012 FY2013 /Decrease /Decrease(%) 売Net 上 Sales高 86 107 ＋20 ＋23.9% 営 Operating 業 利 益 Income 2 4 ＋1 ＋60.5% Quarter Quarter Trend Trend (100 million yen) 9.5% 13.6% 7.0% 4.6% 4.6% 3.1% 1.0% 1.6

  14. Slide 14: 1-6) Financial Data

    14 1-6） Financial Data Inventories (100 million yen) Interest-Bearing Dept (100 million yen) Inventorｙ inventory turnover period Interest-Bearing Dept Net D/E Ratio 2.1 2,962 1.9 1.9 2,651 1,661 2,551 1,639 1,545 0.51 0.54 0.38 FY2011 FY2012 FY2013 2Q FY2011 FY2012 FY2013 2Q Capital Expenditure Depr

  15. Slide 15: 1. First Half Results for Fiscal 2013; 2. Forecasts for Fiscal 2013

    15 1. First Half Results for Fiscal 2013 2. Forecasts for Fiscal 2013 JTEKT Corporation

  16. Slide 16: 2-1) External Environment

    16 2-1） External Environment Continuous recovery in US Market ・Expanding Demand in Automotive Market Stable growth in China, opposite to slow down in ASEAN ・Recovering Sales to Japanese Automotive Customer Continuous Progress towards recovery in Japan ・ Including Last-minute Demand before Consump

  17. Slide 17: 2-2) Full Year Forecast, Revised on Oct. 31

    17 2-2） Full Year Forecast ～Revised on Oct. 31～ (100 million yen) FY2012 FY2013(Expected) Increase Increase /Decrease (Actual) 2010 2011 年度 2011 2012 1st-Half 年度 2011 2012 2nd-Half 年度 2011 2012 Full Year 年度 /Decrease 増 減 対前年同 対前 (%) 期 売Net 上 Sales高 9,554 4,627 10,675 5,262 9,600 6,124 5,262 9,600 5,

  18. Slide 18: 2-3) Operating Income Change Analysis

    18 2-3） Operating Income Change Analysis Operating Income +198 （100 million yen） Negative Impact △124 Positive Impact＋322 ＋145 ＋57 490 △60 291 △20 △44 ＋120 Excludes Exchange Rate Impact FY2012 FY2013 Income Rise in Material Price Fall in Selling Sales Growth Improvement Rise in Raw Price Level ( Exp

  19. Slide 19: 2-4) Net Sales by Product

    19 2-4） Net Sales by Product （100 million yen） FY2012 FY2013(Expected) Increase Increase /Decrease (Actual) 2010年度 2011年度 2011年 2012年 1st-Half 2011年 2012年 2nd-Half Full Year 2012年度 2011年度 /Decrease 増減額 (%) ステアリン Steering 4,437 3,875 4,837 3,88 4,68 3,88 4,68 4,680 3,880 5,675 242 ＋5 Mechanical Compo

  20. Slide 20: 2-5) Net Sales by Region

    20 2-5） Net Sales by Region （100 million yen） FY2012 FY2013(Expected) Increase Increase /Decrease (Actual) 2010年度 2011年 1st-Half 2011年 2nd-Half 2011年度 Full Year /Decrease 増減額 (%) 日 Japan 本 5,001 5,419 5,04 2,689 5,04 2,740 5,040 5,430 39 ＋＋10 ＋0.2% 欧 Europe 州 1,430 1,393 1,47 947 1,47 852 1,470 1,80

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