Financial Results for First Quarter of FY2015

Transcription

1 Financial Results for First Quarter of FY2015 (From April 1, 2014 to June 30, 2014) July 29, 2014 Hino Motors, Ltd.

2 1. Sales Turnover 2/15

3 Global Unit Sales (Retail Sales) 3/15 Sales Sales decreased decreased in in Asia, Asia, mainly mainly in in Thailand Thailand and and Indonesia, Indonesia, but but we we marked marked recordhighigh sales sales in in North North America, America, Africa, Africa, the the Middle Middle East, East, and and Europe. record- Europe. Record high Record high for the first quarter period 37,960 8,719-1,762 units ( -4.6%) Japan +510 units (+5.8%) 36,198 9,229 Japan (Units) 19,046 Overseas 15,984 Asia 3,420 2,152 1,573 29,241 26,969-2,272 units (-7.8% ) 3,242 2,595 1,715 1,053 1,469 1,408 1, /4-6 14/4-6 Central and South America North America Africa Middle East Oceania Europe

4 Truck and Bus Market in Japan 4/15 Truck Truck market: market: The The impact impact of of the the consumption tax tax hike hike subsided, and and sales sales increased from from the the previous year. year. Hino s Hino s sales: sales: We We marked marked a record-high share share for for the the first first quarter quarter period. period. Market demand :+ 1,534 units (+4.7%) Hino's sales :+ 510 units (+5.8%) 33,978 (Units) Market demand 32, % Hino's share 27.2% Hino's sales (Retail) 8,719 9,229 13/4-6 14/4-6

5 Sales Volumes in Thailand and Indonesia (Retail Sales) 5/15 Thailand: Thailand: The The market market continues continues to to be be at at a standstill. standstill. The The decrease decrease in in sales sales is is within within our our estimated estimated range. range. Indonesia: Indonesia: Hino s Hino s sales sales are are healthy, healthy, although although customers customers tend tend to to postpone postpone purchase purchase or or wait wait and and see see before before the the presidential presidential election. election. Thailand -2,802 units (-53.7%) Indonesia -768 units (-9.3%) (Units) 5,220 8,297 7,529 2,418 13/4-6 14/4-6 13/4-6 14/4-6

6 Consolidated Unit Sales of Toyota Brand Vehicles 6/15 Decreased due due to to the the decline decline in in sales sales of of SUV SUV (Land (Land Cruiser Cruiser Prado) Prado) -4,965 units (-10.6%) (Units) 46,630 Loading Vehicles 10,070 SUV 36,560 41,665 Loading Vehicles 11,088 SUV 30,577 13/4-6 14/4-6

7 7/15 2. Consolidated Financial Results

8 Consolidated Income Statements 8/15 Record high Record high for the first quarter period (Billions of yen) FY2015 1Q FY2014 1Q Item Change Change (%) ('14/4-6) ('13/4-6) Net sales % (-1.4p) Operating income % (-1.2p) Ordinary income % (-1.6p) Net income % Note: Figures in parentheses (<>) indicate income margin. <Exchange rate> <6.3%> <7.7%> <6.2%> <7.4%> <3.9%> <5.5%> (Yen) US$ THB IDR(100) A$ 94 99

9 Analysis of Consolidated Operating Income 9/15 Income Income decreased decreased due due to to the the decline decline in in overseas overseas sales sales volume volume and andthe the worsening worsening of of exchange exchange rate rate and and the the materials materials market, market, but but costs costs are are being being reduced reduced steadily. steadily. Operating income -8.8 billion yen (32.0 billion yen 23.2 billion yen) Effects of sales (Billions of yen) (6.9) Environmental change Improvement in cost of sales Change in cost structure, etc (4.5) 3.2 (0.6) FY2014 1Q Results ('13/4-6) FY2015 1Q Results ( 14/4-6)

10 Consolidated Operating Income by Segments 10/15 Since Since sales sales volume volume declined declined in in Thailand Thailand and and Indonesia, Indonesia, which which are areour our mainstay mainstay markets, markets, our our sales sales and and income income decreased decreased in in Japan Japan and and Asia. Asia. Meanwhile, Meanwhile, the theincome in in other other regions, regions, including including North North America, America, increased increased steadily. steadily. Record high Record high for the first quarter period FY2015 1Q ('14/4-6) FY2014 1Q ('13/4-6) Net sales Operating income Net sales Operating income (Billions of yen) Change Net sales Operating income <5.3%> <9.0%> -11.1% -48.2% Japan <5.9%> <5.9%> -32.8% -32.3% Asia Other Areas <7.4%> <3.7%> +13.4% 2.3 times Consolidated adjustment (60.5) (0.8) (85.2) (6.7) <6.3%> <7.7%> -11.8% -27.6% Total Note: Figures in parentheses (<>) indicate operating income margin. Percentages in the column "Change" indicate year-on- year change.

11 <Reference 1> Future Outlook: Market Forecast and Hino s Measures 11/15 Japan The impact of the consumption tax hike subsided. Truck market demand remains steady, and momentum of new-order is healthy. Overseas Thailand and Indonesia The market is temporarily under the wait-and-see and-see atmosphere. While cementing the relationships with customers, we aim to promote ote sales further once the demand recovers. Others We popularize our brand and promote sales in various countries and a regions, including North America and the Middle and Near East.

12 <Reference 2-1> 12/15 Hino s Structural Reform: Announced As a Mid-term Corporate Plan in Apr Growth strategy centering on overseas markets To achieve a corporate structure that can tolerate changes in the external environment. In shorter lead time Market best-fit vehicles Modularization and increase of local procurement we offer products suited for customers Global production structure Reorganize domestic factories. Establish regional production bases overseas. 4 pillars Environmental technologies Drive development with hybrid technology at the core. Improvement of total support Promotion of the development of a support system for the whole lifetime of vehicle with high additional values

13 <Reference 2-2 > 13/15 Progress of Structural Reform and Outlook for the Next and Following Terms Introduction of market best-fit vehicles utilizing modularization; The first model is to be released within FY2015. Products Optimization of production and supply structure Japan Koga and Nitta Overseas Indonesia Services Strengthening of the customer support system Outlook for the next and following terms The prior investment for sustainable growth will be continued for a while, but after the release of market best-fit vehicles utilizing modularization, we will proceed to the fruit bearing phase.

14 <Reference 2-3> 14/15 Progress of Structural Reform Case 1: Optimization of Production and Supply Structure Koga Plant Nitta Plant Rendering The construction of a chassis plant was commenced in Mar We are preparing for full-scale operation. The operation of Differential Gear Center began in Jul Processes are being redesigned for the integrated manufacturing of engines, transmissions, and differentials. Indonesia Small engine machining was started. (Parts processed was expanded from Nov to Jan. 2014)

15 <Reference 2-4> 15/15 Progress of Structural Reform Case 2: Strengthening of the Customer Support Structure To support customers businesses, by offering values for them. Maximization of uptime of owned vehicles Values for customers Minimization of lifecycle cost Perspectives for activities / capabilities to be honed Maintenance capability High High quality quality & & short short lead-time lead-time Supplying capability Stable, Stable, swift, swift, high-quality high-quality Proposing capability Helpful Helpful activities activities unique unique to to a a maker maker Progress of the improvement of the customer support system FY2013 FY2014 FY2015 Dealer s Dealer s shop shop (Cases in Japan) (Cases in Japan) Apr. 2012: Aomori HQ Apr. 2013: Okinawa HQ Jul. 2012: Kakamigahara, Gifu Jul. 2013: Matsumoto, Nagano Oct. 2012: Hatsukaichi, Hiroshima Aug. 2013: Kyoto HQ Apr. 2014: Takayama, Gifu May 2014: Shinsayama, Tokyo Apr. 2013: A service support office was established in Latin America. Parts Parts supply supply and and Helpful Helpful activities activities Aug. 2013: A parts depot was established in the Middle East. Feb. 2013: Customer technical center in Japan was enlarged.

16