For the Fiscal year Ended March 31, 2024 2nd Quarter (April 1, 2023 to September 30, 2023)

Financial Results

October 31, 2023

AISIN CORPORATION

For the Fiscal year Ended March 31, 2024 2nd Quarter Financial Results/ 2023.10.31 / © AISIN CORPORATION All Rights Reserved.

Overview of FYE2024 2nd Quarter Financial Results

FYE2024

1H

Results

FYE2024 Forecast

Return to

Shareholders

Revenue increased YoY due to a recovery in vehicle production resulting from an improvement in the semiconductor shortage and an increase in electrification unit sales. Operating profit increased YoY due to improvements in the business environment, cost structure improvement and the effects of structural reforms.

The forecast of Revenue and Operating profit for FYE2024 have been revised upward to 4,900 billion JPY and 210 billion JPY, reflecting an improved business environment, including increased vehicle production and a weaker yen.

We will accelerate the restructuring of its business portfolio and proceed with balance sheet reforms, including the early reduction of inefficient assets and release of cross-shareholdings.

The interim dividend for the FYE2024 is 80 JPY per share, taking into overall consideration of business performance, payout ratio and others.

For the Fiscal year Ended March 31, 2024 2nd Quarter Financial Results/ 2023.10.31 / © AISIN CORPORATION All Rights Reserved.

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Consolidated Financial Results (FYE2024 2nd Quarter)

1

For the Fiscal year Ended March 31, 2024 2nd Quarter Financial Results/ 2023.10.31 / © AISIN CORPORATION All Rights Reserved.

FYE2024 2nd Quarter Results Financial Summary

（ ）Shows Rate to Revenue %

【 Billion JPY 】

FYE2023 2nd Quarter

FYE2024 2nd Quarter

Change

Change Rate

Results

Results

%

Revenue

2,106.6

Operating Profit

26.6

Profit before

54.9

Income Taxes

Profit for the

31.9

Period*1

-

(1.3)

(2.6)

(1.5)

2,454.7

90.8

108.2

69.6

-

(3.7)

(4.4)

(2.8)

+348.1

+16.5

+64.2

+241.1

+53.3

+97.1

+37.7

+118.2

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

Pre-conditions

FX

Rate

Toyota Production

Powertrain Unit

Sales*2

（number of electrification unit*3）

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

USD

134

JPY

142

JPY

+8

JPY

+6.0

CNY

19.9

JPY

19.8

JPY

-0.1

JPY

-0.5

446

10,000

493

10,000

+47

10,000

+10.6

unit

unit

unit

462

10,000

534

10,000

+72

10,000

+15.5

(59)

unit

(110)

unit

(+51)

unit

*3 ： Total Sales of HEV, eAxle

For the Fiscal year Ended March 31, 2024 2nd Quarter Financial Results/ 2023.10.31 / © AISIN CORPORATION All Rights Reserved.

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FYE2024 2nd Quarter Revenue by Customer

Mobility

Energy Solutions and Others

【 Billion JPY 】

Revenue by Customer（Other OEMs）

2,454.7

62.5

2,106.6 (2.5%)

57.4

(2.7%)760.1 Other (31.0%)

680.9 OEMs

(32.3%)

1,631.9

1,368.2 TOYOTA (66.5%)

(65.0%) Group

Customer

Stellantis VW & Audi SUZUKI VOLVO MITSUBISHI HONDA NISSAN ISUZU

Changan Automobile

China FAW

Others

Total

FYE2023 2Q

FYE2024 2Q

Change

Change

Results

Results

Rate (%)

129.0

142.0

+13.0

+10.0

94.2

100.2

+6.0

+6.3

66.9

77.1

+10.2

+15.3

44.5

51.8

+7.3

+16.4

34.0

38.8

+4.8

+13.9

29.0

37.2

+8.2

+28.3

31.7

36.0

+4.3

+13.6

24.7

28.1

+3.4

+14.1

18.4

23.7

+5.3

+28.8

22.2

23.4

+1.2

+5.4

186.3

201.8

+15.5

+8.3

680.9

760.1

+79.2

+11.6

FYE2023 2Q

FYE2024 2Q

Results

Results

(Reference)

87.3

103.2

+15.9

+18.2

Chinese OEMs

For the Fiscal year Ended March 31, 2024 2nd Quarter Financial Results/ 2023.10.31 / © AISIN CORPORATION All Rights Reserved.

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FYE2024 2nd Quarter Segment Information

FYE2023 2nd Quarter Results

FYE2024 2nd Quarter Results

  • Billion JPY 】

Revenue（YoY＋348.1）

+184.2 1,227.4

1,043.2

+86.3

478.1

+31.3

+18.2

391.8

+28.2

311.3

252.4

280.0

234.2

157.1185.3

Japan

North

Europe

China

Asia &

America

Others

※Revenue to External Customers

Operating Profit（YoY＋64.2）

+50.4

43.1

-0.6

+3.9

29.428.8

+2.3

15.219.1

+15.3

3.5

1.2

-7.3

-1.5

-16.8

Japan

North

Europe

China

Asia &

America

Others

For the Fiscal year Ended March 31, 2024 2nd Quarter Financial Results/ 2023.10.31 / © AISIN CORPORATION All Rights Reserved.

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FYE2024 2nd Quarter Analysis of Operating Profit

【 Billion JPY 】

+ 22.0

+ 5.0

-18.8

+ 35.0

26.6

+ 7.0

+ 14.0

90.8

FYE2023 2Q

Sales & Product

Results

Mix etc.

FX Impact

Materials/

Cost Structure

Structural

Fixed Expense

FYE2024 2Q

Logistics Cost

Improvement

Reforms

etc.

Results

Sales & Product Mix etc. Breakdown

Sales Volume

＋ 54.0

Fluctuations

Sales Price Variance

- 19.0

& Product Mix

FX Impact

Breakdown

USD

+ 3.8

CNY

- 0.7

EUR

+ 0.7

THB

+ 3.2

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 progressing as planned.

・Improving profitability of main &mature products. ・Reduction of raw material consumption, energy conservation, and improvement of logistics.

・Harvesting corporate M&A merit.

Fixed Expense etc.

There were expenses reductions due to the Shanghai lockdown last year. However, we proceed the reduction of fixed expenses this year such as the peak-out of depreciation and the reallocation of resources to strategic business.

For the Fiscal year Ended March 31, 2024 2nd Quarter Financial Results/ 2023.10.31 / © AISIN CORPORATION All Rights Reserved.

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Consolidated Financial Forecast (FYE2024)

2

For the Fiscal year Ended March 31, 2024 2nd Quarter Financial Results/ 2023.10.31 / © AISIN CORPORATION All Rights Reserved.

FYE2024 Forecast Financial Summary

（ ）Shows Rate to Revenue % 【 Billion JPY 】

FYE2023 Results

FYE2024

Forecast

Change

Change

FYE2024 Forecast

Rate %

As of Apr. 27

Revenue Operating Profit

Profit before Income Taxes

Profit for the Period*1

4,402.8 57.9 73.7 37.6

-

(1.3)

(1.7)

(0.9)

4,900.0

-

210.0

(4.3)

230.0

(4.7)

140.0

(2.9)

+497.2 +152.1 +156.3 +102.4

+11.3 +262.4 +211.9 +271.6

4,600.0

190.0

200.0

125.0

-

(4.1)

(4.3)

(2.7)

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

Pre-conditions

USD

136

JPY

FX

Rate

19.8

CNY

JPY

Powertrain Unit

926

Sales*2

10,000

unit

（number of electrification unit*3）

(136)

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

*3 ： Total Sales of HEV, eAxle

141

JPY

19.5

JPY

1,070

10,000

unit

(236)

+5

JPY

-0.3

JPY

+144

10,000

unit

(+100)

+3.7 -1.5 +15.5

130 JPY

18.8 JPY

1,030 10,000 unit

(236)

For the Fiscal year Ended March 31, 2024 2nd Quarter Financial Results/ 2023.10.31 / © AISIN CORPORATION All Rights Reserved.

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FYE2024 Revenue by Customer

Mobility

Energy Solutions and Others

【 Billion JPY 】

Revenue by Customer（Other OEMs）

4,402.8

4,900.0

135.0

124.4

(2.8%)

(2.8%)

Other

1,580.0

1,436.2

OEMs

(32.2%)

(32.6%)

2,842.1 TOYOTA 3,185.0

(64.6%) Group (65.0%)

Customer

Stellantis VW & Audi

SUZUKI VOLVO HONDA

MITSUBISHI

NISSAN ISUZU China FAW

Changan Automobile

Others

Total

FYE2023 FYE2024

Results Forecast

275.5 295.0

177.2 188.0

  1. 165.0
  1. 110.0

66.1 79.0

79.2 78.0

68.7 76.0

53.7 53.0

37.9 52.0

  1. 45.0
  1. 439.0
    1,436.2 1,580.0

Change Change

Rate (%)

+19.5 +7.1

+10.8 +5.8

+8.4 +5.4

+11.9 +12.1

+12.9 +19.5 -1.2-1.5 +7.3 +10.6 -0.7-1.5 +14.1 +36.8 +10.0 +28.6 +50.8 +13.3 +143.8 +10.0

(Reference)

168.3

228.0

+59.7

+35.5

FYE2023

FYE2024

Chinese OEMs

Results

Forecast

For the Fiscal year Ended March 31, 2024 2nd Quarter Financial Results/ 2023.10.31 / © AISIN CORPORATION All Rights Reserved.

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Aisin Corporation published this content on 31 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2023 00:10:45 UTC.