For the Fiscal year Ended March 31, 2023 2nd Quarter (April 1, 2022 to September 30, 2022)
Financial Results
October 28th, 2022
AISIN CORPORATION
For the Fiscal year Ended March 31, 2023 2nd Quarter Financial Results/ 2022.10.28 / © AISIN CORPORATION All Rights Reserved.
Overview of FYE2023 2nd Quarter Finalcial Results
FYE2023
1H
Result
FYE2023 Forecast
Return to
Shareholders
Revenue increased YoY due to FX impact and production volume around the same level as previous 1H, regardless of unfavorable OEM production volume caused by the semiconductor shortage more than expected.
Operating profit decreased YoY due to higher raw material prices and logistics costs, regardless of structural reforms and acceleration of cost reduction activities as planned.
With respect to the FYE2023 forecast, it is updated to be Revenue of 4,550 billion JPY and Operating profit of 190 billion JPY.
We keep the resources shift and investments to key areas for the future, and accelerate the response to production volume fluctuations and higher raw material prices and improvement of earning structure through structural reforms.
The interim dividend for the FYE2023 is 70 JPY per share, taking into overall consideration of business performance, payout ratio and others.
For the Fiscal year Ended March 31, 2023 2nd Quarter Financial Results/ 2022.10.28 / © AISIN CORPORATION All Rights Reserved. | 1/27 |
Consolidated Financial Results
(FYE2023 2nd Quarter)
1
For the Fiscal year Ended March 31, 2023 2nd Quarter Financial Results/ 2022.10.28 / © AISIN CORPORATION All Rights Reserved.
FYE2023 2nd Quarter Results Financial Summary
( )shows rate to Revenue % | 【Billion JPY】 | ||||||||||||
FYE2022 2nd Quarter | FYE2023 2nd Quarter | Change | Change rate | ||||||||||
Results | Results | % | |||||||||||
Revenue | 1,864.7 | - | 2,106.6 | - | 241.9 | 13.0 | |||||||
Operating Profit | 85.1 | (4.6) | 26.6 | (1.3) | -58.5 | -68.7 | |||||||
Profit before | 96.1 | (5.2) | 54.9 | (2.6) | -41.2 | -42.9 | |||||||
income taxes | |||||||||||||
Profit for the | 62.3 | (3.3) | 31.9 | (1.5) | -30.4 | -48.8 | |||||||
period*1 | |||||||||||||
*1 :Profit for the period attributable to Owners of the parent | |||||||||||||
USD | 110 | JPY | 134 | JPY | +24 | JPY | +21.8 | ||||||
Preconditions- | FX | ||||||||||||
Rate | 17.0 | 19.9 | +2.9 | +17.1 | |||||||||
CNY | JPY | JPY | JPY | ||||||||||
Sales*2 | 469 | 10,000 | 462 | 10,000 | -7 | 10,000 | -1.5 | ||||||
Toyota production | 438 | 10,000 | 446 | 10,000 | +8 | 10,000 | +1.7 | ||||||
unit | unit | unit | |||||||||||
Powertrain Unit | |||||||||||||
(41) | unit | (59) | unit | (+18) | unit | ||||||||
(number of elctrification unit*3) | |||||||||||||
*2 : Total sales of AT, CVT, HEV and eAxle | *3 : Total sales of HEV, eAxle | ||||||||||||
For the Fiscal year Ended March 31, 2023 2nd Quarter Financial Results/ 2022.10.28 / © AISIN CORPORATION All Rights Reserved. | 3/27 |
FYE2023 2nd Quarter Revenue by Customer
Mobility
Energy Solutions and others
2,106.6 | |
1,864.7 | 57.4 |
(2.7%) | |
58.1 | |
(3.1%) | |
680.9 | |
666.2 | (32.3%) |
Other | |
(35.7%) | OEMs |
【 Billion JPY 】
Revenue by Customer(Other OEMs)
Customer | FYE2022 2Q | FYE2023 2Q | Change | Change |
rate (%) | ||||
Results | Results | |||
Stellantis | 111.1 | 129.0 | +17.9 | +16.1 |
VW & Audi | 126.9 | 94.2 | -32.7 | -25.7 |
SUZUKI | 54.1 | 66.9 | +12.8 | +23.6 |
VOLVO | 53.5 | 44.5 | -9.0 | -16.9 |
MITSUBISHI | 37.3 | 34.0 | -3.3 | -8.7 |
NISSAN | 27.3 | 31.7 | +4.4 | +16.1 |
HONDA | 30.5 | 29.0 | -1.5 | -4.9 |
1,140.3
1,368.2
Guangzhou | ||||
19.7 | 27.1 | +7.4 | +37.0 | |
Automobile | ||||
ISUZU | 19.5 | 24.7 | +5.2 | +26.6 |
(61.2%) TOYOTA (65.0%)
Group
FYE2022 2Q Results | FYE2023 2Q Results |
China FAW | 20.2 | 22.2 | +2.0 | +9.8 |
Others | 166.1 | 177.6 | +11.5 | +7.0 |
Total | 666.2 | 680.9 | +14.7 | +2.2 |
(Reference) | 94.3 | 87.3 | -7.0 | -7.4 |
ChineseOEMs | ||||
For the Fiscal year Ended March 31, 2023 2nd Quarter Financial Results/ 2022.10.28 / © AISIN CORPORATION All Rights Reserved. | 4/27 |
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Aisin Corporation published this content on 28 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2022 04:12:03 UTC.