For the Fiscal year Ended March 31, 2025 2nd Quarter (April 1, 2024 to September 30, 2024)
Financial Results
October 31, 2024
AISIN CORPORATION
For the Fiscal year Ended March 31, 2025 2nd Quarter Financial Results/ 2024.10.31 / © AISIN CORPORATION All Rights Reserved.
Overview of FYE2025 2nd Quarter Financial Results
FYE2025
2Q
Results
FYE2025 Forecast
Revenue decreased compared to the previous year, due to the decrease in sales volume of powertrain units for Europe and China, despite the effect of FX changes.
Operating profit decreased compared to the previous year, due to the investments for human capital and the future, despite the effect of FX changes and efforts to improve the corporate structure.
The forecast of Revenue and Operating profit for FYE2025 has been revised downward to 4,800 billion JPY and 200 billion JPY.
We will accelerate sales expansion of electrified products, strengthen product competitiveness and reinforce group management.
Return to
Shareholders
Despite the revision of full year forecast, the annual dividend forecast is maintained at
※
180yen. In addition, as part of the capital policy to reduce the cost of capital, the
company is in the process of conducting a Stock repurchase of 100 billion yen (maximum). We will continue to consider stable and continuous shareholder returns in the
medium to long term.
※Pre-Stock split basis | |
For the Fiscal year Ended March 31, 2025 2nd Quarter Financial Results/ 2024.10.31 / © AISIN CORPORATION All Rights Reserved. | 1/23 |
Consolidated Financial Results (FYE2025 2nd Quarter)
1
For the Fiscal year Ended March 31, 2025 2nd Quarter Financial Results/ 2024.10.31 / © AISIN CORPORATION All Rights Reserved.
FYE2025 2nd Quarter Results Financial Summary
( )Shows Rate to Revenue % 【 Billion JPY 】 | ||||||
FYE 2024 2nd Quarter | FYE 2025 2nd Quarter | Change | Change Rate | |||
Results | Results | % | ||||
Revenue | 2,454.7 | - | 2,352.5 | - | - 102.2 | - 4.2 |
Operating Profit | 90.8 | (3.7) | 56.1 | (2.4) | - 34.7 | - 38.1 |
Profit before | 108.2 | (4.4) | 19.5 | (0.8) | - 88.7 | - 81.9 |
Income Taxes | ||||||
Profit for the | 69.6 | (2.8) | 8.0 | (0.3) | - 61.6 | - 88.4 |
Period*1 | ||||||
*1 : Profit for the Period Attributable to Owners of the Parent
Pre-conditions
FX | USD | 142 | JPY | |
Rate | CNY | 19.8 | JPY | |
Toyota Production | 493 | 10,000 | ||
unit | ||||
Powertrain Unit | 534 | 10,000 | ||
Sales*2 | ||||
(110) | unit | |||
(number of electrification unit*3) |
153
21.1
480
501
(110)
JPY
JPY
10,000
unit
10,000
unit
- 11 JPY
- 1.3 JPY
- 13 10,000unit
- 33 10,000unit
(+ 0)
- 7.7
- 6.6
- 2.5
- 6.2
(- 0.1)
*2 : Total Sales of AT, CVT, HEV and eAxle | *3 : Total Sales of HEV, eAxle |
For the Fiscal year Ended March 31, 2025 2nd Quarter Financial Results/ 2024.10.31 / © AISIN CORPORATION All Rights Reserved. | 3/23 |
FYE2025 2nd Quarter Revenue by Customer
Mobility
Energy Solutions and Others
2,454.7 | 2,352.5 | |
62.5 | ||
(2.5%) | 55.3 | |
(2.4%) | ||
760.1 | Other | 696.3 |
(31.0%) | OEMs | (29.6%) |
1,631.9 | TOYOTA | 1,600.7 |
(66.5%) | Group | (68.0%) |
FYE2024 2Q | FYE2025 2Q |
Results | Results |
【 Billion JPY 】
Revenue by Customer(Other OEMs)
Customer | FYE2024 2Q | FYE2025 2Q | Change | Change | |||
Results | Results | Rate (%) | |||||
Stellantis | 142.0 | 113.5 | - 28.5 | - 20.0 | |||
SUZUKI | 77.1 | 90.9 | + 13.8 | + 17.9 | |||
VW & Audi | 100.2 | 78.9 | - 21.3 | - 21.2 | |||
VOLVO | 51.8 | 46.2 | - 5.6 | - 10.7 | |||
HONDA | 37.2 | 40.3 | + 3.1 | + 8.2 | |||
NISSAN | 36.0 | 34.1 | - 1.9 | - 5.3 | |||
MITSUBISHI | 38.8 | 32.2 | - 6.6 | - 16.8 | |||
Geely | 16.6 | 27.7 | + 11.1 | + 66.8 | |||
China FAW | 23.4 | 25.1 | + 1.7 | + 7.3 | |||
ISUZU | 28.1 | 19.3 | - 8.8 | - 31.5 | |||
Others | 208.9 | 188.1 | - 20.8 | - 10.0 | |||
Total | 760.1 | 696.3 | - 63.8 | - 8.4 | |||
(Reference) | 103.2 | 108.3 | + 5.1 | + 4.9 | |||
Chinese OEMs | |||||||
For the Fiscal year Ended March 31, 2025 2nd Quarter Financial Results/ 2024.10.31 / © AISIN CORPORATION All Rights Reserved. | 4/23 |
FYE2025 2nd Quarter Segment Information
FYE2024 2nd Quarter Results | FYE2025 2nd Quarter Results | ||
- Billion JPY 】
Revenue(YoY- 102.2) | Operation Profit(YoY- 34.7) | |
- 65.7
1,227.4
1,161.7 + 42.5
478.1520.6 | - 33.3 | |||||||||
- 5.3 | ||||||||||
- 40.4 | ||||||||||
311.3 | ||||||||||
278.0252.4 | ||||||||||
247.1 | ||||||||||
185.3144.9 |
Japan | North | Europe | China | Asia & |
America | Others |
※Revenue to external customers
- 34.4 | |||||||||||||||
43.1 | + 1.8 | ||||||||||||||
- 4.1 | 30.6 | ||||||||||||||
28.8 | |||||||||||||||
19.1 | |||||||||||||||
- 1.8 | 15.0 | ||||||||||||||
8.7 | + 0.5 | ||||||||||||||
3.5 1.7 | |||||||||||||||
- 1.5 - 1.0 | |||||||||||||||
Japan | North | Europe | China | Asia & | |||||||||||
America | Others |
For the Fiscal year Ended March 31, 2025 2nd Quarter Financial Results/ 2024.10.31 / © AISIN CORPORATION All Rights Reserved. | 5/23 |
FYE2025 2nd Quarter Analysis of Operating Profit
【 Billion JPY 】 | |||
90.8 | - 51.5 | ||
+ 26.0 | - 20.7 | ||
+ 15.5 | - 4.0 | 56.1 | |
FYE2024 2nd | Sales & Product | FX Impact |
Results | Mix etc. |
Materials/ | Cost Structure | Investments for | FYE2025 2nd |
Improvement | Human Capital/ | ||
Logistics Cost | Results | ||
・Structural Reforms | the Future ,Etc. | ||
Sales &Product Mix etc. | Breakdown | |
Sales Volume | - 30.5 | |
Fluctuations | ||
Sales Price
Variance- 21.0
& Product Mix
FX Impact | Breakdown |
USD | + 7.4 |
CNY | + 5.1 |
EUR | + 0.5 |
THB | + 2.5 |
Cost Structure Improvement/Structural Reforms
Promoting structural reforms in "SPEED&AGILE" way for "Full Model Change" that "Change Inside Gain Strength".
・Improve profitability by launching new products and electrified products.
・Improve profits of subsidiaries that are facing challenges.
・Reduction of fixed costs with no exceptions. Etc.
Investments for Human Capital/the Future
・Expand investments in human capital.
・R&D investing in Electrification・intelligence products and CN.
・Investment in preparation for production of electrified products. Etc.
For the Fiscal year Ended March 31, 2025 2nd Quarter Financial Results/ 2024.10.31 / © AISIN CORPORATION All Rights Reserved. | 6/23 |
Consolidated Financial Forecast (FYE2025)
2
For the Fiscal year Ended March 31, 2025 2nd Quarter Financial Results/ 2024.10.31 / © AISIN CORPORATION All Rights Reserved.
FYE2025 Forecast Financial Summary
( )Shows Rate to Revenue % 【 Billion JPY 】 | |||||||||
FYE 2024 | FYE2025 | Change | Change | FYE2025 Forecast | |||||
Results | Forecast | Rate% | As of Apr. 26 | ||||||
Revenue | 4,909.5 | - | 4,800.0 | - | - 109.5 | - 2.2 | 4,920.0 | - | |
Operating Profit | 143.3 | (2.9) | 200.0 | (4.2) | + 56.7 | + 39.5 | 220.0 | (4.5) | |
Profit before | 149.8 | (3.1) | 165.0 | (3.4) | + 15.2 | + 10.1 | 225.0 | (4.6) | |
Income Taxes | |||||||||
Profit for the | 90.8 | (1.8) | 100.0 | (2.1) | + 9.2 | + 10.1 | 130.0 | (2.6) | |
Period*1 | |||||||||
*1 : Profit for the Period Attributable to Owners of the Parent
Pre-conditions
FX | USD | 145 | JPY |
Rate | CNY | 20.2 | JPY |
Powertrain | 1,052 | ||
Unit Sales*2 | 10,000 | ||
unit | |||
(number of electrification unit*3) | (226) |
146 JPY
20.6 JPY
1,000 10.000 unit
(232)
+ 1 | JPY | - 0.7 | 145 | JPY |
+ 0.4 | JPY | - 2.0 | 20.0 | JPY |
- 52 | 10,000 | - 4.9 | 1,020 | 10,000 |
unit | unit | |||
(+ 6) | (+ 2.7) | (246) | ||
*2 : Total Sales of AT, CVT, HEV and eAxle | *3 : Total Sales of HEV, eAxle |
For the Fiscal year Ended March 31, 2025 2nd Quarter Financial Results/ 2024.10.31 / © AISIN CORPORATION All Rights Reserved. | 8/23 |
FYE2025 Revenue by Customer
Mobility | ||
Energy Solutions and Others | ||
4,909.5 | 4,800.0 | |
135.0 | ||
120.0 | ||
(2.8%) | ||
(2.5%) | ||
1556.7 | 1,450.0 | |
(31.7%) | Other | |
(30.2%) | ||
OEMs | ||
3,217.7 TOYOTA | 3,230.0 |
(67.3%) | |
(65.5%) | Group |
FYE2024 | FYE2025 |
Results | Forecast |
【 Billion JPY 】 | |||||||
Revenue by Customer (Other OEMs) | |||||||
Customer | FYE2024 | FYE2025 | Change | Change | |||
Results | Forecast | Rate (%) | |||||
Stellantis | 281.9 | 227.0 | - 54.9 | - 19.5 | |||
SUZUKI | 168.5 | 190.0 | + 21.5 | - 12.7 | |||
VW & Audi | 194.0 | 150.0 | - 44.0 | - 22.7 | |||
VOLVO | 110.0 | 94.0 | - 16.0 | - 14.6 | |||
HONDA | 84.4 | 84.0 | - 0.4 | - 0.5 | |||
NISSAN | 79.0 | 75.0 | - 4.0 | - 5.1 | |||
MITSUBISHI | 78.3 | 69.0 | - 9.3 | - 11.9 | |||
Geely | 42.2 | 53.0 | + 10.8 | + 25.4 | |||
China FAW | 43.7 | 47.0 | + 3.3 | + 7.4 | |||
ISUZU | 51.8 | 40.0 | - 11.8 | - 22.9 | |||
Others | 422.9 | 421.0 | - 1.9 | - 0.3 | |||
Total | 1,556.7 | 1,450.0 | - 106.7 | - 6.9 | |||
(Reference) | 218.4 | 215.0 | - 3.4 | - 1.6 | |||
Chinese OEMs | |||||||
For the Fiscal year Ended March 31, 2025 2nd Quarter Financial Results/ 2024.10.31 / © AISIN CORPORATION All Rights Reserved. | 9/23 |
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Aisin Corporation published this content on October 31, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on October 31, 2024 at 05:22:05.645.