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FY2018 3rd Quarter
Consolidated Financial Results
February 2nd, 2018
AISIN SEIKI Co., Ltd.
1
Contents
1.Consolidated Operating Results
(FY2018 3rd Quarter)
2.Consolidated Operating Forecast
(FY2018 - 12 months)
3.Reference Information
P.2-7
P.8-13
P.14-24
2
1.Consolidated Operating Results
(FY2018 3rd Quarter)
3
FY2018 3rd Quarter Overview of Financial Results
1. Revenue increased compared to last year due to
favorable AT and Body parts sales, and the contribution
of newly consolidated Art Metal Mfg. Co., Ltd. group.
2. Operating profit increased due to the increase of sales
and FX trend, in spite of the rise in material price, the
increase of depreciation cost and extraordinary gain
from stock swap with SHIROKI Corporation last year.
3. Regarding the annual forecast, revenue and profit are
revised upward due to the favorable 3Q result and FX
rate tendency.
(Billion yen) FY2017 3Q FY2018 3Q Change
Results Rate to
Revenue % Results
Rate to
Revenue % Amount %
Revenue 2,605.1 - 2,878.6 - +273.5 +10.5
Operating Profit 162.2 6.2 185.6 6.4 +23.4 +14.4
Profit before
income taxes 172.9 6.6 200.9 7.0 +28.0 +16.2
Profit for the
period * 94.6 3.6 96.4 3.3 +1.8 +1.9
EPS 330.12 yen
- 349.26 yen
- +19.14
yen +5.8
FX Rate USD 107 yen USD 112 yen +5 yen +4.7
CNY 16.0 yen CNY 16.7 yen +0.7 yen +4.4
Toyota
production (10,000 Unit)
684 672 -12 -1.7
AT sales (10,000 Unit)
635 725 +90 +14.1
4
Consolidated Operating Results (FY2018 3rd Quarter)
Pre
-conditio
ns
* Profit for the period attributable to Owners of the parent
210.0 214.0
66.2 86.0 67.1
80.3 57.4
69.2 50.0 62.1 56.6
61.8 51.5
59.1 23.5
58.6 54.4
55.2
37.0
44.1
25.5
42.2 245.2
281.4
0
200
400
600
800
1,000
1,200
FY2017 3Q FY2018 3Q
VW&Audi
BMW
PSA
GM
VOLVO
Mitsubishi
SUZUKI
Guangzhou Automobile
FY2017 3rd Quarter Revenue
FY2018 3rd Quarter Revenue (+273.5)
Other Auto Makers sales breakdown
+4.0
+19.8
+11.8
+12.1
+5.2
+7.6
+7.1
+0.8
+35.1
+13.2
5
+16.7
+36.2
Sales by Customer(FY2018 3rd Quarter)
Toyota
Group
1,570.5 (60.3%)
2,605.1
Other
Auto Makers
944.4 (36.2%)
Life & others 90.1
(3.5%)
(Billion yen) (Billion yen)
(Billion yen)
Toyota
Group
Other
Auto Makers
Life & others
1,677.7 (58.3%)
1,114.0 (38.7%)
86.8 (3.0%)
2,878.6
NISSAN
HONDA
Changan Automobile
Others 944.4
+169.6
1,114.0
Chinese OEMs Total
102.3⇒170.9(+68.6)
94.0
15.6
3.3
41.9
9.5
123.0
0.9 4.2
44.0
14.0
0
20
40
60
80
100
120
140
Japan NorthAmerica
Europe China Asia& Others
FY2017 3Q FY2018 3Q
1,519.3
414.2
222.1 265.5
183.7
1,691.4
425.5
255.3 283.4
222.8
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
Japan NorthAmerica
Europe China Asia& Others
FY2017 3Q FY2018 3Q
Revenue (+ 273.5)
+172.1
+11.3
+33.2 +17.9
+39.1
+29.0
-14.7
+0.9
+2.1
+4.5
6
Operating Profit (+ 23.4)
Segment Information (FY2018 3rd Quarter)
FX
Impact
Other
factors
Japan - +172.1
North America +19.3 -8.0
Europe +5.1 +28.1
China +12.1 +5.8
Asia & Others +17.1 +22.0
Total +53.9 +219.6
(Billion yen) (Billion yen)
FX
Impact
Other
factors
Japan +8.9 +20.1
North America +0.0 -14.7
Europe +0.3 +0.6
China +1.8 +0.3
Asia & Others +1.4 +3.1
Elimination - +1.6
Total +12.5 +10.9
Op
era
ting
Pro
fit
Sale
s flu
ctu
atio
n
Co
st s
tructu
re
imp
rovem
en
t
Ch
an
ge o
f m
ate
rial p
rice
FX
imp
act
Dep
recia
tion
Fix
ed
co
st &
oth
ers
7
Op
era
ting
Pro
fit (E
xc
ep
t
no
n-o
rdin
ary
fac
tors
)
Fluctuations for Operating Profit (FY2018 3rd Quarter)
FY2017 3Q / FY2018 3Q
162.2 +9.7
-19.5 -8.6 143.8
+45.5
+23.5 -21.7
-15.3 -2.7
173.1
+12.5 185.6
FY
20
17
Op
era
ting
Pro
fit (E
xc
ep
t
no
n-o
rdin
ary
fac
tors
)
FY
20
18
Op
era
ting
Pro
fit
Bu
sin
es
s
reo
rga
niz
atio
n*
Lo
ss
from
e
arth
qu
ak
es
(FY
20
17
)
(FY
20
17
)
(FY
20
17
)
Ins
ura
nc
e
inc
om
e
(FY2017) Non-ordinary factors -18.4 billion yen Ordinary factors +29.3 billion yen
+23.4 Billion yen
(FY2018) Non-ordinary factors +12.5billion yen
(Billion yen)
FY2017 3Q FY2018 3Q
* Gain from stock swap
with SHIROKI Corporation -19.5
8
2.Consolidated Operating Forecast
(FY2018 - 12 months)
(Billion yen)
FY2017 FY2018 Change
Results Rate to
Revenue % Forecast
Rate to
Revenue % Amount %
Revenue 3,562.6 - 3,860.0 - +297.4 +8.3
Operating Profit 228.6 6.4 248.0 6.4 +19.4 +8.4
Profit before
income taxes 237.3 6.7 262.0 6.8 +24.7 +10.4
Profit for the
period * 126.6 3.6 129.0 3.3 +2.4 +1.9
EPS 444.46 yen
- 469.40 yen
- +24.94 yen
+5.6
FX Rate USD 109 yen USD 111 yen +2 yen +1.8
CNY 16.1 yen CNY 16.7 yen +0.6 yen +3.7
Toyota
production (10,000 Unit)
909 890 -19 -2.0
AT sales (10,000 Unit)
869 980 +111 +12.7
9
FY2018
Disclosed
forecast in
October
Rate to
Revenue
%
3,780.0 -
242.0 6.4
256.0 6.8
127.0 3.4
459.45 yen
-
USD 111 yen
CNY 16.6 yen
885
980
Consolidated Operating Forecast (FY2018 - 12 months)
Pre
-conditio
ns
* Profit for the period attributable to Owners of the parent
279.1 289.4
93.9 121.0 94.1
104.6 80.1
98.1 69.2 86.2 71.0
83.6 79.1
83.1 37.4
79.4 75.2
75.2
51.3
59.1
34.2
56.4 335.4
366.9
0
200
400
600
800
1,000
1,200
1,400
1,600
FY2017 FY2018
VW&Audi
GM
PSA
VOLVO
BMW
SUZUKI FY2018 Revenue (+297.4)
Other Auto Makers sales breakdown
+10.3
+27.1
+10.5
+18.0
+17.0
+12.6
+4.0
+0.0 +7.8
+42.0
10
+22.2
Forecast of Sales by Customer (FY2018 - 12 months)
FY2017 Revenue
Toyota
Group
2,141.2 (60.1%)
3,562.6
Other
Auto Makers 1,300.0 (36.5%)
Life & others 121.3 (3.4%)
(Billion yen)
3,860.0
Toyota
Group
2,240.0 (58.0%)
(Billion yen)
Other
Auto Makers 1,503.0 (39.0%)
Life & others 117.0 (3.0%)
(Billion yen)
Mitsubishi
Guangzhou Automobile
NISSAN
HONDA
Changan Automobile
Others 1,300.0
+203.0 1,503.0
Chinese OEMs Total
148.1⇒226.6(+78.5)
+31.5
2,073.1
568.0
309.9 360.7
250.6
2,273.0
566.0
350.0 372.0 299.0
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
Japan NorthAmerica
Europe China Asia &Others
FY2017 FY2018
138.8
22.5
4.5
56.4
7.8
162.4
3.3 5.3
56.1
20.9
0
40
80
120
160
Japan NorthAmerica
Europe China Asia &Others
FY2017 FY2018
Revenue (+297.4) Operating Profit (+ 19.4)
+199.9
+4
-19.2
+0.8
-0.3
+13.1
11
+23.6
Forecast of Segment Information (FY2018 - 12 months)
-2.0
+40.1 +11.3 +48.4
FX
Impact
Other
factors
Japan - +199.9
North America +15.0 -17.0
Europe +6.9 +33.2
China +12.7 -1.4
Asia & Others +18.0 +30.4
Total +52.7 +244.7
FX
Impact
Other
factors
Japan +8.6 +15.0
North America +0.0 -19.2
Europe +0.4 +0.4
China +1.8 -2.1
Asia & Others +1.6 +11.5
Elimination - +1.5
Total +12.6 +6.8
(Billion yen) (Billion yen)
Op
era
ting
Pro
fit
Sale
s flu
ctu
atio
n
Op
era
ting
Pro
fit
(Fo
recast)
Co
st s
tructu
re
imp
rovem
en
t
Ch
an
ge o
f m
ate
rial p
rice
FX
imp
act
Dep
recia
tion
Fix
ed
co
st &
oth
ers
FY2017 / FY2018 (Forecast)
+19.4 Billion yen
12
Op
era
ting
Pro
fit (E
xc
ep
t
no
n-o
rdin
ary
fac
tors
)
Forecast of Fluctuations for Operating Profit (FY2018 - 12 months)
FY
20
17
228.6 -20.7
-14.2 +10.3 204.0
+46.0
+33.0 -30.5
-22.9 +5.8 235.4
+12.6 248.0
*
Gain from stock swap
with SHIROKI Corporation -19.5
Gain resulting from negative goodwill
with Art Metal Mfg -1.2
Bu
sin
ess
reo
rga
niz
atio
n*
(FY
20
17
)
Ins
ura
nc
e in
co
me
(F
Y2
01
7)
Lo
ss
from
e
arth
qu
ak
es
(FY
20
17
)
(FY2017) Non-ordinary factors -24.6 billion yen Ordinary factors +31.4 billion yen
Op
era
ting
Pro
fit (E
xc
ep
t
no
n-o
rdin
ary
fac
tors
) F
Y2
01
8
FY2018 (Forecast)
FY2017
(FY2018) Non-ordinary factors +12.6billion yen
(Billion yen)
Sale
s flu
ctu
atio
n
Op
era
ting
Pro
fit
(Fo
recast in
Oct)
Ch
an
ge o
f m
ate
rial p
rice
FX
imp
act
Fix
ed
co
st
& o
thers
+12.0
+0.5
-8.5
+2.0
Op
era
ting
Pro
fit (E
xc
ep
t
no
n-o
rdin
ary
fac
tors
)
13
Forecast of Fluctuations for Operating Profit (FY2018 - 12 months)
FY2018(Forecast in October)
/ FY2018 (Forecast)
FY2018 (Forecast)
FY2018 (Forecast on Oct 31st)
242.0
246.0 248.0
Op
era
ting
Pro
fit
(Fo
recast)
(Billion yen)
Non-ordinary factors +2.0 billion yen Ordinary factors +4.0 billion yen
+6.0 Billion yen
14
3. Reference Information
69.0 81.1 82.2 89.3
55.0 60.9 68.5
76.0 8.8
12.1 15.3
18.6
FY2015 FY2016 FY2017 FY2018(Forecast)
107.2 105.5 102.8
134.7
78.8
123.2
72.3
91.5
25.8
23.7
39.7
21.6
FY2015 FY2016 FY2017 FY2018(Forecast)
67.0 68.9 72.0 75.5
55.4 65.8 69.2
80.5
19.0 19.3 18.0
20.4
FY2015 FY2016 FY2017 FY2018(Forecast)
Others
ADS-G
AW-G
AISIN SEIKI-G
Capital Expenditure Depreciation R&D Expenditure
15
Capital Expenditure/Depreciation/ R&D Expenditure
247.8
294.1
237.4
280.0
(Billion yen)
161.0
186.1 197.1
220.0
149.1 162.6 167.7
184.0
(5.0%) (5.0%)
(4.7%)
(4.8%)
（）: Rate to sales
76 74 73 74
80 80 83 76
75 80 76 81
82 80 81 83
FY2015 FY2016 FY2017 FY2018(Forecast)
4Q
3Q
2Q
1Q
147 146 153 143
151 152 148 147
148 140 151 151
140 135 144 135
FY2015 FY2016 FY2017 FY2018(Forecast)
223 220 226 217
231 232 231 223
223 220 227 232
222 215 225 218
FY2015 FY2016 FY2017 FY2018(Forecast)
16
Toyota Car Production
Toyota domestic production
Toyota oversea production
Toyota global production
313 314 313 314
596 573 586 576
899 887 909 890
(10,000 Unit)
30 31 44 43 29 29
45 45 31 38
43 47 34 46
46 40
0
50
100
150
200
FY2015 FY2016 FY2017 FY2018
168 180 204 233
172 172 207 234 176 194
224 258 171 191
234 255
0
200
400
600
800
1,000
FY2015 FY2016 FY2017 FY2018
36 37 42 42
35 41 39 34
36 43 45 48 37
39 39 40
0
50
100
150
200
FY2015 FY2016 FY2017 FY2018
869 737
687 165 160
144
15 15 16 13
15 19 14 13
15 13 12 13
15 14 13 12
0
20
40
60
80
FY2015 FY2016 FY2017 FY2018 17
980
164
Sales Number
AT sales
Navigation System sales
MT sales
Navigation Soft sales
(Forecast)
(10,000 Unit)
(Forecast)
178
144 124
175
(Forecast)
51
61 60 55
(Forecast)
(10,000 Unit)
(10,000 Unit) (10,000 Unit)
138 132
119 129
110 120
109 111
70
95
120
145
EUR
USD
18.0 18.8 16.1 16.7
3.4 3.4 3.1 3.3
0.0
5.0
10.0
15.0
20.0
25.0
FY2015 FY2016 FY2017 FY2018
CNY
THB
FY2015 FY2016 FY2017 FY2018(Forecast)
USD 1.46 1.27 1.34 1.11
EUR 0.14 0.13 0.17 0.19
THB * 0.74 0.80 0.81 1.25
CNY * 0.26 0.54 0.79 0.80
18
Foreign Currency Exchange Rate
Foreign Exchange Rate
Impacts on
Operating Profit
(yen)
Forex Impact on Operating
profit per 1(or 0.1) yen (Billion yen)
Rate after January
USD 110
EUR 130
THB 3.3
CNY 16.7
* Impacts of THB and CNY are per 0.1yen.
(Forecast)
106.8
35.2
0
30
60
90
120
150
180
53.7
16.3
0
30
60
90
120
150
1,195.0
405.0
0
600
1,200
1,800◆
1,304.8
450.2
0
500
1,000
1,500
2,000
19
FY2015 FY2016 FY2017 FY2018 (Forecast)
4Q
4Q
◆
◆
◆
◆
◆ ◆
◆
3Q
3Q
Financial Results of the Main Consolidated Companies Ⅰ
* The results of FY2015 are based on JGAAP and the others are
based on IFRS.
1,402.5 1,503.0 1,641.9
48.1 70.8
80.5
1,755.0
70.0
3.4% 4.7%
4.9% 4.0%
(Billion yen) (Billion yen)
AISIN SEIKI Group
AISIN AW Group
1,127.2 1,276.6
89.7 101.0
122.9 1,431.1
(Billion yen) (Billion yen)
1,600.0 142.0
8.0% 7.9% 8.6% 8.9%
FY2015 FY2016 FY2017 FY2018 (Forecast)
4.9
2.0
0
2.5
5
7.5
10
8.5
3.2
0
10
20
30
112.5
40.1
0
50
100
150
200
217.7
74.5
0
100
200
300
400
20
◆
◆
◆
◆
◆
◆
◆
◆
3Q
4Q
3Q
4Q
Financial Results of the Main Consolidated Companies Ⅱ
* The results of FY2015 are based on JGAAP and the others are
based on IFRS.
AISIN Takaoka Group
AISIN AI Group
4.3% 3.2%
4.5% 4.0%
11.2 8.8
263.8 275.9 273.0
12.3
292.2
11.7
FY2015 FY2016 FY2017 FY2018 (Forecast)
(Billion yen) (Billion yen)
126.4 133.9 137.8
2.6 1.3
2.1%
0.0%
1.0%
0.0
152.6 6.9
4.5% (Billion yen) (Billion yen)
FY2015 FY2016 FY2017 FY2018 (Forecast)
8.7
5.3
0
5
10
15
20
434.7
146.2
0
200
400
600
800
21
◆ ◆
◆
◆
4Q
3Q
Financial Results of the Main Consolidated Companies Ⅲ
* The results of FY2015 are based on JGAAP and the others are
based on IFRS.
ADVICS Group
527.3
9.6
551.6 555.4
9.2 6.1
1.8% 1.7%
1.1%
580.9 14.0
2.4% (Billion yen) (Billion yen)
FY2015 FY2016 FY2017 FY2018(Forecast)
707.0 727.8 756.4 773.2 771.2 792.2 843.5 838.9 838.6 858.8 907.5
957.5 917.0 938.0 1,023.5 981.3
223 231 223 222 220 232 220 215 226 231 227 225 217 223 232 218
0
50
100
150
200
250
0
200
400
600
800
1,000
1,200
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
38.4 32.0
44.9 50.5
33.1 43.7
62.0 53.7
59.0
35.7
67.3 66.4
53.5 54.4
77.6
62.3
5.4%
4.4%
5.9% 6.5%
4.3%
5.5%
7.4%
6.4% 7.0%
4.2%
7.4% 6.9%
5.8% 5.8%
7.6%
6.3%
0.0%
2.0%
4.0%
6.0%
8.0%
0
30
60
90
120
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
FY2015 FY2016 FY2017 FY2018
22
Quarterly Performance * The results of FY2015 are based on JGAAP and the others are based on IFRS.
Operating Profit
Revenue
(Billion yen)
(10,000 Unit)
(Billion yen)
FY2015 FY2016 FY2017 FY2018
(Forecast)
(Forecast)
1,434.8 1,529.7 1,563.4
1,682.5 1,697.5 1,865.0 1,855.1 2,004.8
454 445 451 436 457 452 440 450
0
120
240
360
480
0
600
1,200
1,800
2,400
1st H 2nd H 1st H 2nd H 1st H 2nd H 1st H 2nd H
70.5
95.5
76.8
115.8
94.8
133.8
108.0
139.9 4.9%
6.2%
4.9%
6.9%
5.6%
7.2%
5.8%
7.0%
0.0%
2.0%
4.0%
6.0%
8.0%
0
30
60
90
120
150
180
1st H 2nd H 1st H 2nd H 1st H 2nd H 1st H 2nd H23
Half Yearly Performance * The results of FY2015 are based on JGAAP and the others are based on IFRS.
Operating Profit
Revenue
(Billion yen) (10,000 Unit)
FY2015 FY2016 FY2017 FY2018 (Forecast)
FY2015 FY2016 FY2017 FY2018 (Forecast)
(Billion yen)
FY2013 FY2014 FY2015 FY2016 FY2017 FY2018
(Forecast)
Interim 25 35 45 50 50 60
Year-end 50 60 50 50 75 70
Total 75 95 95 100 125 130
Dividend Payout Ratio 27.3% 29.7% 34.7% 28.2% 28.1% 27.7%
Repurchase of Treasury
Stock (billion yen) 0 0 0 0 49.0 70.0
Total return Ratio(*2) 27.3% 29.7% 34.7% 28.2% 66.5% 82.1%
24
(*1）
Div
ide
nd
(yen)
(*1)Repurchasing of common stock is authorized by the board of directors’ meeting held in May 2017
(*2) Total return Ratio= (Cash dividend paid + repurchase of treasury Stock) / Profit for the period
25 35 45 50 50 60 50
60 50 50 75 70
27.3% 29.7%
34.7%
28.2% 28.1% 27.7%
0%
5%
10%
15%
20%
25%
30%
35%
0
50
100
150
200
FY2013 FY2014 FY2015 FY2016 FY2017 FY2018
75
95 95 100
125 130
(Forecast)
Dividend per Share * The results before FY2015 are based on JGAAP and the others are based on IFRS.
