Aisin : IR Presentation(2,727KB)

For the Fiscal year Ended March 31

(April 1, 2023 to March 31, 2024)

Financial Results

April 26, 2024

AISIN CORPORATION

For the Fiscal year Ended March 31, 2024 Financial Results/ 2024.4.26 / © AISIN CORPORATION All Rights Reserved.

Overview of FYE2024 Financial Results

Results

Forecast

Return to

Shareholders

Revenue increased YoY due to an increase in vehicle production mainly in Japan and the U.S., and a weaker yen, as well as an increase in electrification unit sales. Operating profit increased YoY due to improvements in the business environment and cost structure improvement, despite the recording of quality-related cost in the 3rd quarter.

The forecast of Revenue and Operating profit for FYE2025 are 4,920 billion and 220 billion JPY. Although vehicle production assumptions are at the previous year's level, we will accelerate sales expansion of electrified products, strengthen product competitiveness and reinforce group management.

The annual dividend for the FYE2024 is 170 yen ( year end dividend of 90 yen ) and the dividend forecast for the next fiscal year is 180 yen. We will implement stable and continuous return to shareholders over the medium to long term.

For the Fiscal year Ended March 31, 2024 Financial Results / 2024.4.26 / © AISIN CORPORATION All Rights Reserved.

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Consolidated Financial Results (FYE2024)

1

For the Fiscal year Ended March 31, 2024 Financial Results/ 2024.4.26 / © AISIN CORPORATION All Rights Reserved.

FYE2024 Results Financial Summary

（ ）Shows Rate to Revenue %

【 Billion JPY 】

	FYE2023		FYE2024		Change	Change rate
	Results		Results		％
Revenue	4,402.8	-	4,909.5	-	+506.7	+11.5
Operating Profit	57.9	(1.3)	143.3	(2.9)	+85.4	+147.5
Profit before	73.7	(1.7)	149.8	(3.1)	+76.1	+103.2
income taxes
Profit for the	37.6	(0.9)	90.8	(1.8)	+53.2	+141.1
Period*1

*1 ：Profit for the period attributable to Owners of the parent

FYE2024 Forecast

As of Feb. 2

4,900.0 -

150.0 (3.1)

160.0 (3.3)

90.0 (1.8)

		FX	136	JPY		145	JPY	+9	JPY	+6.6
	Pre-conditions		USD
	Rate	19.8			20.2		+0.4		+2.0
		CNY	JPY		JPY	JPY
	Powertrain Unit			895	10,000		973	10,000	+78	10,000	+8.7
		Toyota production			10,000		10,000	10,000
				unit		unit	unit
		Sales*2	926	unit		1,052	unit	+126	unit	+13.6
		（number of elctrification unit*3）	(136)			(226)		(+90)
*2 ： Total sales of AT, CVT, HEV and eAxle	*3 ： Total sales of HEV, eAxle

143	JPY
19.9	JPY

• 10,000unit

1,070 10,000 unit

(230)

For the Fiscal year Ended March 31, 2024 Financial Results / 2024.4.26 / © AISIN CORPORATION All Rights Reserved.

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FYE2024 Revenue by Customer

Mobility
Energy Solutions and Others
4,402.8		4,909.5
	135.0
124.4		(2.8%)
(2.8%)		1,556.7
	Other
1,436.2	OEMs	(31.7%)
(32.6%)

2,842.1 TOYOTA 3,217.7

(64.6%) Group (65.5%)

FYE2023		FYE2024
Results		Results

【 Billion JPY 】

Revenue by Customer（Other OEMs）

Customer	FYE2023	FYE2024	Change	Change
Results	Results	Rate (%)
Stellantis	275.5	281.9	+6.4	+2.3
VW & Audi		177.2	194.0	+16.8	+9.5
SUZUKI	156.6	168.5	+11.9	+7.6
VOLVO		98.1	110.0	+11.9	+12.1
HONDA	66.1	84.4	+18.3	+27.7
NISSAN		68.7	79.0	+10.3	+15.0
MITSUBISHI	79.2	78.3	-0.9	-1.1
ISUZU		53.7	51.8	-1.9	-3.5
Changan		35.0	47.6	+12.6	+36.1
Automobile
China FAW		37.9	43.7	+5.8	+15.2
Others	388.2	417.5	+29.3	+7.5
Total		1,436.2	1,556.7	+120.5	+8.4
(Reference)	168.3	218.4	+50.1	+29.8
Chinese OEMs
For the Fiscal year Ended March 31, 2024 Financial Results / 2024.4.26 / © AISIN CORPORATION All Rights Reserved.	4/21

FYE2024 Segment Information

FYE2023 Results				FYE2024 Results（Excluding Quality-related Cost）	【 Billion JPY 】
Revenue （ YoY ＋506.7）	Operating Profit （ YoY ＋148.4*）
				* Excluding Quality-related Cost of 63.0

+231.2
	2,450.8
2,219.6		+168.0
				982.3				+80.4	+6.2
			814.3			+20.9
								612.3
						364.7 531.9		492.9	499.1
			343.8

+98.6

	94.1												-1.4
										+20.4			.8
										62.260
	+38.8	-0.6				36.4
										16.0
				6.3	8.3	7.7

-4.5

							-32.5
Japan	North	Europe	China	Asia &		Japan	Europe	China	Asia &
	America			Others		North
※Revenue to External Customers						America			Others	5/21
					For the Fiscal year Ended March 31, 2024 Financial Results / 2024.4.26 / © AISIN CORPORATION All Rights Reserved.

FYE2024 Analysis of Operating Profit		【 Billion JPY 】
【 Compared to Disclosure on Feb. 2 】		【-4.7】	【-6.7】
		+ 60.0 -19.6	206.3	-63.0
	【+6.5】	【-1.5】
【-7.0】	+ 8.5		【-6.7】
+ 21.5
+ 58.0			143.3

57.9 + 20.0

FYE2023

Results

One-time Costs	Sales &Product	FX Impact	Materials/	Cost Structure	Fixed	FYE2024 Results	Quality-related	FYE2024
(Expense for	Mix etc.		Logistics Cost	Improvement	Expense etc.	(Excluding	Cost	Results
Structural Reforms)			・Structural Reforms
					Quality Cost)

Sales &Product Mix etc. Breakdown

Sales Volume	＋ 98.0
Fluctuations
Sales Price Variance	- 40.0
& Product Mix

FX Impact	Breakdown
USD	+10.7
CNY	+3.0
EUR	+1.6
THB	+6.2

Cost Structure Improvement/Structural Reforms

Activities toward 3 years of "Full Model Change" with changing the "content" of the business and improving the "quality" are accelerating.

・Accelerate profit improvement of existing products. (HEV、Brakes、8-speed AT)

・Reduction of raw material consumption, energy conservation, and improvement of logistics.

・Harvesting corporate M&A merit.

Fixed Expense etc.

Accelerate resource shift to growth domains and control total fixed costs with discipline.

・R&D investing in Electrification・intelligence products and CN. ・Improving development efficiency by utilizing MBD and DX. ・Preparation for production with a focus on BEV Products.

・Reduction of investment by utilizing existing assets.

For the Fiscal year Ended March 31, 2024 Financial Results / 2024.4.26 / © AISIN CORPORATION All Rights Reserved.

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Consolidated Financial Forecast (FYE2025)

2

For the Fiscal year Ended March 31, 2024 Financial Results/ 2024.4.26 / © AISIN CORPORATION All Rights Reserved.

FYE2025 Forecast Financial Summary

					（ ）Shows Rate to Revenue %	【 Billion JPY 】
	FYE2024		FYE2025			Change	Change Rate
	Results		Forecast				%
Revenue	4,909.5	-	4,920.0	-			+10.5	+0.2
Operating profit	143.3	(2.9)	220.0	(4.5)			+76.7	+53.4
Profit before	149.8	(3.1)	225.0	(4.6)			+75.2	+50.1
Income Taxes
Profit for the	90.8	(1.8)	130.0	(2.6)			+39.2	+43.2
Period*1

*1 ：Profit for the Period Attributable to Owners of the Parent

Pre-conditions	USD
FX
Rate
CNY
	Powertrain Unit
	Sales*2

（number of electrification unit*3）

*2 ： Total Sales of AT, CVT, HEV and eAxle

145	JPY	145	JPY	+0	JPY
20.2	JPY	20.0	JPY	-0.2	JPY
1,052	10,000	1,020		-32	10,000
10,000
(226)	unit	(246)	Unit	(+20)	unit

*3 ： Total Sales of HEV, eAxle

+0.0 -1.0

-3.0

For the Fiscal year Ended March 31, 2024 Financial Results / 2024.4.26 / © AISIN CORPORATION All Rights Reserved.

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FYE2025 Revenue by Customer

Mobility

Energy Solutions and Others

4,909.5		4,920.0
135.0		120.0
(2.8%)		(2.4%)
1,556.7	Other	1,480.0
(31.7%)	OEMs	(30.1%)

3,217.7 TOYOTA 3,320.0

(65.5%) Group (67.5%)

【 Billion JPY 】

Revenue by Customer（Other OEMs）

Customer	FYE2024	FYE2025	Change	Change
Results	Forecast	Rate (%)
Stellantis	281.9	235.0	-46.9	-16.6
SUZUKI	168.5	184.0	+15.5	+9.2
VW & Audi	194.0	155.0	-39.0	-20.1
VOLVO	110.0	94.0	-16.0	-14.6
HONDA	84.4	85.0	+0.6	+0.7
NISSAN	79.0	80.0	+1.0	+1.2
MITSUBISHI	78.3	66.0	-12.3	-15.7
China FAW	43.7	48.0	+4.3	+9.7
ISUZU	51.8	45.0	-6.8	-13.3
Geely	42.2	43.0	+0.8	+1.7
Others	422.9	445.0	+22.1	+5.4
Total	1,556.7	1,480.0	-76.7	-4.9

FYE2024

Results

FYE2025 Forecast

(Reference)	218.4	212.0	-6.4	-3.0
Chinese OEMs
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