Financials Aisin Corporation

Equities

7259

JP3102000001

Auto, Truck & Motorcycle Parts

Market Closed - Japan Exchange Other stock markets 01:30:00 2024-12-13 am EST			5-day change	1st Jan Change
1,738.50 ^JPY	-0.69%		+2.48%	+5.73%

Nov. 11	S&P Assesses Aisin's Proposed Subordinated Debt as Having Intermediate Equity Content	MT
Oct. 31	Mitsubishi Electric Mobility Partners with Aisin to Develop Advanced Next-Gen Electric Vehicle Products	MT

Projected Income Statement: Aisin Corporation

income-statement-evolution-chart AISIN-CORPORATION

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	3,784,585	3,525,799	3,917,434	4,402,823	4,909,557	4,840,356	5,081,993	5,245,623
Change	-	-6.84%	11.11%	12.39%	11.51%	-1.41%	4.99%	3.22%
EBITDA ¹	311,678	398,791	440,630	335,129	417,696	459,370	526,446	556,967
Change	-	27.95%	10.49%	-23.94%	24.64%	9.98%	14.6%	5.8%
EBIT ¹	56,129	145,332	182,011	57,942	143,396	197,481	260,684	288,998
Change	-	158.92%	25.24%	-68.17%	147.48%	37.72%	32%	10.86%
Interest Paid ¹	-27,053	-12,157	-10,807	-16,569	-10,538	-30,181	-18,750	-18,500
Earnings before Tax (EBT) ¹	53,395	167,523	219,983	73,741	149,877	179,825	269,625	299,958
Change	-	213.74%	31.32%	-66.48%	103.25%	19.98%	49.94%	11.25%
Net income ¹	24,061	105,638	141,941	37,670	90,813	107,979	170,267	191,970
Change	-	339.04%	34.37%	-73.46%	141.08%	18.9%	57.69%	12.75%
Announcement Date	4/30/20	4/28/21	4/28/22	4/27/23	4/26/24	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2
Net sales ¹	958,052	912,768	555,269	900,722	1,048,498	1,021,310	977,526	887,195	1,003,657	1,049,056	997,887	1,108,729	1,104,521	1,191,686	1,191,724	1,262,977	1,274,039	1,180,817	1,184,139	1,168,368	1,234,259	1,242,732	1,233,903	1,224,070	1,263,984	1,306,441	1,235,839	1,246,373
Change	-	-4.73%	-39.17%	62.21%	16.41%	-2.59%	-4.29%	-9.24%	13.13%	4.52%	-4.88%	11.11%	-0.38%	7.89%	0%	5.98%	0.88%	-7.32%	0.28%	-1.33%	5.64%	0.69%	-0.71%	-0.8%	3.26%	3.36%	-5.4%	0.85%
EBITDA ¹	87,869	44,074	-16,440	104,867	151,550	158,814	122,316	88,214	119,984	110,116	75,267	90,044	69,798	110,670	102,101	124,474	71,804	119,317	103,487	90,241	121,611	155,150	106,863	122,032	134,102	167,962	105,225	120,903
Change	-	-49.84%	-	-	44.52%	4.79%	-22.98%	-27.88%	36.01%	-8.22%	-31.65%	19.63%	-22.48%	58.56%	-7.74%	21.91%	-42.31%	66.17%	-13.27%	-12.8%	34.76%	27.58%	-31.12%	14.19%	9.89%	25.25%	-37.35%	14.9%
EBIT ¹	23,728	-21,072	-79,964	41,417	87,919	95,960	59,859	25,316	53,960	42,876	6,603	20,030	431	30,878	34,467	56,383	2,935	49,611	33,703	22,496	58,057	82,615	47,932	55,866	67,901	85,581	37,725	53,403
Change	-	-	279.48%	-	112.28%	9.15%	-37.62%	-57.71%	113.15%	-20.54%	-84.6%	203.35%	-97.85%	7,064.27%	11.62%	63.59%	-94.79%	1,590.32%	-32.07%	-33.25%	158.08%	42.3%	-41.98%	16.55%	21.54%	26.04%	-55.92%	41.56%
Charge d'intérêts ¹	-306	-14,815	-3,811	-2,383	-3,055	-2,908	-2,989	-2,865	-2,319	-	-3,745	-3,691	-3,269	-	-3,046	-	-6,126	-	-8,098	-	-8,100	-2,800	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	31,353	-32,420	-73,728	42,406	94,885	103,960	69,872	26,231	65,533	58,347	31,445	23,457	-8,849	27,688	54,464	53,756	-2,692	44,349	21,974	-2,405	73,250	80,333	54,890	55,992	69,780	88,661	46,635	52,148
Change	-	-	127.42%	-	123.75%	9.56%	-32.79%	-62.46%	149.83%	-10.97%	-46.11%	-25.4%	-	-	96.71%	-1.3%	-	-	-50.45%	-	-	9.67%	-31.67%	2.01%	24.63%	27.06%	-47.4%	11.82%
Net income ¹	16,289	-22,610	-50,306	30,814	58,585	66,545	46,020	16,312	37,546	42,063	21,637	10,285	-8,309	14,057	40,990	28,655	-2,246	23,414	13,681	-5,612	44,100	56,026	35,163	35,283	44,017	55,922	29,694	32,146
Change	-	-	122.49%	-	90.12%	13.59%	-30.84%	-64.55%	130.17%	12.03%	-48.56%	-52.47%	-	-	191.6%	-30.09%	-	-	-41.57%	-	-	27.04%	-37.24%	0.34%	24.76%	27.05%	-46.9%	8.26%
Announcement Date	1/31/20	4/30/20	7/31/20	10/29/20	2/2/21	4/28/21	7/30/21	10/29/21	2/2/22	4/28/22	7/29/22	10/28/22	2/3/23	4/27/23	7/28/23	10/30/23	2/2/24	4/26/24	7/31/24	10/31/24	-	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	1,455,991	2,069,808	1,864,721	2,052,713	2,106,616	2,296,207	2,454,701	2,454,856	2,352,507	2,447,000
Change	-	42.16%	-9.91%	10.08%	2.63%	9%	6.9%	0.01%	-4.17%	4.02%
EBITDA	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-38,547	183,879	85,175	96,836	26,633	31,309	90,850	52,546	56,199	149,000
Change	-	-	-53.68%	13.69%	-72.5%	17.56%	190.17%	-42.16%	6.95%	165.13%
Charge d'intérêts	-6,194	-5,963	-5,854	-	-7,436	-	-6,658	-	-36,542	-
Earnings before Tax (EBT) ¹	-31,322	198,845	96,103	123,880	54,902	18,839	108,220	41,657	19,569	165,000
Change	-	-	-51.67%	28.9%	-55.68%	-65.69%	474.45%	-61.51%	-53.02%	743.17%
Net income ¹	-19,492	125,130	62,332	79,609	31,922	5,748	69,645	21,168	8,069	112,000
Change	-	-	-50.19%	27.72%	-59.9%	-81.99%	1,111.64%	-69.61%	-61.88%	1,288.03%
Announcement Date	10/29/20	4/28/21	10/29/21	4/28/22	10/28/22	4/27/23	10/30/23	4/26/24	10/31/24	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Aisin Corporation

balance-sheet-analysis-chart AISIN-CORPORATION

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	276,826	405,048	495,763	592,772	199,103	227,517	176,580	86,962
Change	-	46.32%	22.4%	19.57%	-66.41%	14.27%	-22.39%	-50.75%
Announcement Date	4/30/20	4/28/21	4/28/22	4/27/23	4/26/24	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Aisin Corporation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	312,776	200,313	217,783	221,494	228,148	260,424	276,396	281,719
Change	-	-35.96%	8.72%	1.7%	3%	14.15%	6.13%	1.93%
Free Cash Flow (FCF) ¹	53,676	143,001	-11,609	51,113	406,587	180,316	183,126	203,619
Change	-	166.42%	-108.12%	-540.29%	695.47%	-55.65%	1.56%	11.19%
Announcement Date	4/30/20	4/28/21	4/28/22	4/27/23	4/26/24	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Aisin Corporation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	8.24%	11.31%	11.25%	7.61%	8.51%	9.49%	10.36%	10.62%
EBIT Margin (%)	1.48%	4.12%	4.65%	1.32%	2.92%	4.08%	5.13%	5.51%
EBT Margin (%)	1.41%	4.75%	5.62%	1.67%	3.05%	3.72%	5.31%	5.72%
Net margin (%)	0.64%	3%	3.62%	0.86%	1.85%	2.23%	3.35%	3.66%
FCF margin (%)	1.42%	4.06%	-0.3%	1.16%	8.28%	3.73%	3.6%	3.88%
FCF / Net Income (%)	223.08%	135.37%	-8.18%	135.69%	447.72%	166.99%	107.55%	106.07%
Profitability
ROA	1.38%	4.18%	5.34%	1.77%	3.41%	3.32%	4.61%	5.18%
ROE	1.8%	7.5%	8.6%	2.1%	4.7%	5.57%	8.36%	9.19%
Financial Health
Leverage (Debt/EBITDA)	0.89x	1.02x	1.13x	1.77x	0.48x	0.5x	0.34x	0.16x
Debt / Free cash flow	5.16x	2.83x	-42.71x	11.6x	0.49x	1.26x	0.96x	0.43x
Capital Intensity
CAPEX / Current Assets (%)	8.26%	5.68%	5.56%	5.03%	4.65%	5.38%	5.44%	5.37%
CAPEX / EBITDA (%)	100.35%	50.23%	49.43%	66.09%	54.62%	56.69%	52.5%	50.58%
CAPEX / FCF (%)	582.71%	140.08%	-1,875.98%	433.34%	56.11%	144.43%	150.93%	138.36%
Items per share
Cash flow per share ¹	345.8	444.1	495.4	389.4	451.5	478.9	538.6	649.8
Change	-	28.42%	11.55%	-21.4%	15.96%	6.06%	12.47%	20.64%
Dividend per Share ¹	40	40	56.67	56.67	56.67	60.01	69.76	81.42
Change	-	0%	41.67%	0%	0%	5.9%	16.25%	16.71%
Book Value Per Share ¹	1,583	1,899	2,172	2,166	2,641	2,613	2,821	3,040
Change	-	19.94%	14.39%	-0.3%	21.95%	-1.07%	7.96%	7.77%
EPS ¹	29.76	130.7	175.6	46.59	112.3	139.2	223	260.3
Change	-	339.02%	34.37%	-73.46%	141.06%	23.91%	60.25%	16.73%
Nbr of stocks (in thousands)	808,514	808,548	808,544	808,571	808,604	772,698	772,698	772,698
Announcement Date	4/30/20	4/28/21	4/28/22	4/27/23	4/26/24	-	-	-