KOITO MANUFACTURING CO., LTD.
Financial Results for The 1st Half of FY 2021(Year Ending March 31, 2021)
November 4, 2020 (Wed.)
【Disclaimer with Respect to Forward-looking Statements】
This presentation contains forward-looking statements concerning KOITO MANUFACTURING CO., LTD. and its consolidated subsidiaries’ future plans, strategies and performance. These forward-looking statements are not historical facts; rather they represent assumptions and beliefs based on economic, financial and competitive data currently available. Furthermore, they are subject to a number of risks and uncertainties including, but not limited to economic conditions, worldwide competition in the automotive industry, market trends, foreign currency exchange rates, tax rules, regulations and other factors. Koito therefore wishes to caution readers that actual results may differ from our expectations.
Ⅰ. Financial Results for The 1st Half of FY 2021(Year Ending March 31, 2021)
(19/4~19/9)% to
total(20/4~20/9)
% to
total YoY
180.7 35.1 131.9 35.2 △48.8 73.0
KOITO Group 101.0 71.6 △29.3 70.9KOITOERECTRIC etc . 17.8 19.8 1.9
Subtotal 118.9 23.1 91.5 24.4 △27.3 77.0The ef fect
of Forex
Constant
Forex (%)
Americas 91.4 56.6 △34.8 61.9 △2.7 64.9
Europe 16.8 9.8 △6.9 58.3 0.0 58.3
China 50.1 49.8 △0.2 99.4 △1.1 101.6
Asia 54.1 33.8 △20.2 62.5 △0.8 64.0
Others 3.3 0.9 △2.4 27.9 △0.0 28.8・CHANGZHOU KOITO has been exc luded from the scope of conso l idat ion . (20/8~)
Subtotal 215.8 41.8 151.0 40.4 △64.8 70.0 △4.9 71.6
515.5 100.0 374.5 100.0 △141.0 72.6
△ 116.5 △ 83.8 32.6
399.0 290.6 △108.3 72.8 △4.9 74.1
※Items of overseas 15 companies (Americas):NAL,Mexico,Brazil (Europe):KEL,KCZ (China):Guangzhou,Hubei, Fuzhou (Asia):Thailand,Indonesia,Ta Yih,IJL,Malaysia (Others):KPS,Changzhou
FY 2020 1st half FY 2021 1st half ChangeRemarks
Total
Elimination
KOITO MANUFACTURING(KMC) ・Decrease in domestic automobile
production volume (4.82 million→3.30 million 68%)Japan
111.1 ・Increase in information device etc.
Consolidated
Overseas
〈Forex〉 FY 2020 FY 2021
US Dollar ¥108.7 ¥106.3
Chinese Yuan ¥15.7 ¥15.2
(1/7)Ⅰ-(1) Consolidated Net Sales(Compared to the previous fiscal year)
(¥ billion, ratio:%)
399.0 100 284.0 100 290.6 100 △108.3 72.8 6.6 102.4(△103 . 4 ) (74 . 1 ) (5.2) ( 1 0 1 . 9 )
333.8 83.7 263.2 90.5 △70.665.2 16.3 27.4 9.5 △37.7 42.1
23.4 5.9 19.6 6.8 △3.8
41.7 10.5 4.0 1.4 7.7 2.7 △33.9 18.7 3.7 194.6
1.0 0.3 2.7 1.0 1.7
42.7 10.7 7.0 2.5 10.5 3.6 △32.1 24.7 3.5 150.9
△0.2 - △0.3 - △0.0
42.4 10.6 10.2 3.5 △32.2 24.0
29.1 7.3 3.5 1.2 6.4 2.2 △22.6 22.1 2.9 183.5
Se llin g , ge n e ral an d
admin istrative e xpe n se s
Non-oper a t i ng
i ncome a nd l os s
Net i ncome
E x t r a or d i na r y
g a i ns a nd l os s es
Income be for e
i ncome t a x es
O per a t i ng i ncome
Recur r i ng p r o fi t
(Cons t a nt For ex )
Cos t o f s a l es
Gr os s p r ofi t
Net s a l es
F Y 2 0 2 0 1s t
h a l fF Y 2 0 2 1 1
s t h a l f
( P r e v i o u s f o r e c as t )F Y 2 0 2 1 1
s t h a l f Change
(19/4~19/9 ) (20/4~20/9 ) (20/4~20/9) Y oY fr om For eca s t
(2/7)Ⅰ-(2) Consolidated Statements of Income
(¥ billion, ratio:%)
FY 2021 1st half (20/4~20/9)O v e r s e a s
( 1 5 c o m p a n i e s )
KO I TO G r o u pK O I T O
E L E C T R I C e t c .S ub t ot a l S ub t ot a l
Net s a l es 131.9 71.6 19.8 91.5 151.0 374.5 △83.8 290.6Ope ratin g in c o me 4.5 0.6 0.8 1.4 0.1 6.1 1.6 7.7
Ra t i o 3.4% 0.8% 4.3% 1.6% 0.1% 1.6% 2.7%
FY 2020 1st half (19/4~19/9)O v e r s e a s
( 1 5 c o m p a n i e s )
KO I TO G r o u pK O I T O
E L E C T R I C e t c .S ub t ot a l S ub t ot a l
Net s a l es 180.7 101.0 17.8 118.9 215.8 515.5 △116.5 399.0Ope ratin g in c o me 16.3 4.2 △0.6 3.5 19.0 38.8 2.8 41.7
Ra t i o 9.0% 4.2% △3.8% 3.0% 8.8% 7.5% 10.5%
ChangeO v e r s e a s
( 1 5 c o m p a n i e s )
KO I TO G r o u pK O I T O
E L E C T R I C e t c .S ub t ot a l S ub t ot a l
Net s a l es △48.8 △29.3 △27.3 △64.8 △141.0 32.6 △108.3Y oY 73% 71% 111% 77% 70% 73% 73%
Ope ratin g in c o me △11.7 △3.6 △2.0 △18.8 △32.7 △1.1 △33.9Y oY 28% 14% - 41% 1% 16% 19%
El imin a t i o n Co n so l i da t e d
1.9
1.5
KMCJapan (13 compan i es )
T ot a l
KMCJapan (14 compan i es )
T ot a l El imin a t i o n Co n so l i da t e d
KMCJapan (13 compan i es )
T ot a l El imin a t i o n Co n so l i da t e d
Ⅰ-(3) Statements of Income by Regionsbefore Consolidation Adjustments
(Compared to the previous fiscal year)
(3/7)
(¥ billion)
FY 2021 1st hal f (20/4~20/9)
Americas Europe China Asia Others Total
56.6 9.8 49.8 33.8 0.9 151.0
△4.6 △1.6 5.8 0.4 0.1 0.1
- - 11.8% 1.3% 12.6% 0.1%
FY 2020 1st hal f (19/4~19/9)
Americas Europe China Asia Others Total
91.4 16.8 50.1 54.1 3.3 215.8
5.8 0.6 6.3 5.4 0.7 19.0
6.4% 3.9% 12.7% 10.1% 20.9% 8.8%
Change
Americas Europe China Asia Others Total
△34.8 △6.9 △0.2 △20.2 △2.4 △64.8
62% 58% 99% 63% 28% 70%
△10.4 △2.3 △0.4 △4.9 △0.5 △18.8
- - 92% 8% 18% 1%
Ne t sale s △32.1 △6.9 0.9 △19.3 △2.3 △59.8Ope ratin g
in c o me △10.7 △2.4 △0.4 △5.0 △0.5 △19.1
Overseas (15 companies)
Overseas (15 companies)
Net salesO per a t i ng i ncome
Rat io
Overseas (15 companies)
Net salesO per a t i ng i ncome
Rat io
Net sales
YoYOpe rat in g i n c o me
YoY
( T h e e f f e c t o f F o r e x : O pe r at i n g i n c o m e 0 . 3 )
C o n stan t
F o re x
(4/7)Ⅰ-(4) Statements of Income by Segmentsbefore Consolidation Adjustments
(Compared to the previous fiscal year)
(¥ billion)
399.0 100 290.6 100 △108 . 3 72.8( △ 1 0 3 . 4 ) (74 . 1 )
333.8 83.7 263.2 90.5 △70.665.2 16.3 27.4 9.5 △37.7 42.1
23.4 5.9 19.6 6.8 △3.8
41.7 10.5 7.7 2.7 △33.9 18.7
1.0 0.3 2.7 1.0 1.7
42.7 10.7 10.5 3.6 △32.1 24.7
△0.2 - △0.3 - △0.0
42.4 10.6 10.2 3.5 △32.2 24.0
29.1 7.3 6.4 2.2 △22.6 22.1Net income
Operat ing incomeNon-oper a t i ng
i ncome a nd l os s
Recurring profitE x t r a or d i na r y
g a i ns a nd l os s esIncome be for e
i ncome t a x es
Se l l i ng , g ener a l a nd
a dm i n i s t r a t i v e ex pens es
Net sales(Constant Forex)
Cost of salesGross profit
FY 2020 1 st ha l f FY 2021 1 st ha l fChange
(19/4~19/9) (20/4~20/9)◎ Operat ing income
・Decrease in volume △33.2
・Price compet it ion △2.6
・Cost down in materials 4.0
・Cost reduct ion 2.8
・Development of new products
・Capital expenditures for the new orders
・Product ion improvement
・R&D in advanced technologies
・Others △2.5
・The effect of Forex 0.3
△2.7
△33.9
(5/7)Ⅰ-(5) Consolidated Statements of Income (Compared to the previous fiscal year)
(¥ billion, ratio:%)
180.7 100 131.0 100 131.9 100 △48.8 73.0 0.9 100 . 7
151.9 84.1 117.0 88.7 △34.928.8 15.9 14.8 11.3 △13.9 51.7
12.5 6.9 10.3 7.9 △2.1
16.3 9.0 3.0 2.3 4.5 3.4 △11.7 27.6 1.5 150 . 1
12.9 7.2 12.7 9.7 △0.1
29.2 16.2 16.0 12.2 17.2 13.1 △11.9 59.1 1.2 108 . 1
△0.2 - 0.5 0.4 0.7
29.0 16.1 17.8 13.5 △11.2 61.3
23.4 13.0 22.5 17.2 24.8 18.8 1.4 106 . 0 2.3 110 . 5Net i ncome
Net s a l es
Cos t o f s a l es
Gr os s p r o fi t
S e l l i ng , g ener a l a nd
a dm i n i s t r a t i v e ex pens es
O per a t i ng i ncome
Non-oper a t i ng
i ncome a nd l os s
Recur r i ng p r o fi t
E x t r a p r d i na r y
g a i ns a nd l os s esIncome be for e
i ncome t a x es
(19/4~19/9) (20/4~20/9) (20/4~20/9) Y oY fr om For eca s t
F Y 2 0 2 0 1s t
h a l fF Y 2 0 2 1 1
s t h a l f
( P r e v i o u s f o r e c as t )F Y 2 0 2 1 1
s t h a l f Change
(6/7)Ⅰ-(6) Non-consolidated Statements of Income
(¥ billion, ratio:%)
180.7 100 131.9 100 △48 . 8 73.0151.9 84.1 117.0 88.7 △34 . 9
28.8 15.9 14.8 11.3 △13 . 9 51.7
12.5 6.9 10.3 7.9 △2.1
16.3 9.0 4.5 3.4 △11 . 7 27.6
12.9 7.2 12.7 9.7 △0.1
29.2 16.2 17.2 13.1 △11 . 9 59.1
△0.2 - 0.5 0.4 0.7
29.0 16.1 17.8 13.5 △11 . 2 61.3
23.4 13.0 24.8 18.8 1.4 106.0
Recur r i ng p r o fi t
E x t r a p r d i na r y
g a i ns a nd l os s esIncome be for e
i ncome t a x es
Net i ncome
Non-oper a t i ng
i ncome a nd l os s
FY 2020 1 st ha l f FY 2021 1 st ha l fChange
(19/4~19/9) (20/4~20/9)Net s a l es
Cos t o f s a l es
Gr os s p r o fi t
S e l l i ng , g ener a l a nd
a dm i n i s t r a t i v e ex pens es
O per a t i ng i ncome
◎ Operating i ncome △11.7
△14.5
△0.3
1.4
・Cost reduction 1.8
・Development of new products
・Cost on production improvement △0.5
0.4
△11.7 】
・Decrease in volume
・Pri ce competi ti on
・Cost down in materi a l s
・R&D in advanced technolog ies
・Others
【 Decrease in operating i ncome
(7/7)Ⅰ-(7) Non-consolidated Statements of Income (Compared to the previous fiscal year)
(¥ billion, ratio:%)
Ⅱ. Forecast for FY 2021(Year Ending March 31, 2021)
YoY 1st half YoY 2nd half YoY YoY
9.74 9.49 97% 3.30 68% 4.13 88% 7.43 78%
17.39 16.29 94% 5.33 63% 7.30 94% 12.63 78%
16.86 15.14 90% 4.92 65% 6.23 83% 11.15 74%
27.04 22.84 84% 13.53 115% 14.33 130% 27.86 122%
4.39 4.05 92% 0.93 44% 1.59 81% 2.52 62%
5.13 4.18 81% 0.86 39% 1.28 64% 2.14 51%
3.32 3.15 95% 0.57 33% 0.96 68% 1.53 49%
6.69 6.38 95% 2.40 73% 2.84 92% 5.24 82%
90.56 81.52 90% 31.84 76% 38.66 98% 70.50 86%
FY 2019 FY 2020 FY 2021
Japan
OthersTotal
North America
EuropeChina
ASEAN Countries
IndiaSouth America
Ⅱ-(1) Assumption ofGlobal Automobile Production Volume
(1/12)
(million vehicles)
(20/4~20/9)% to
tota l(20/10~21/3)
% to
tota lYoY
131.9 35.2 159.0 34.3 27.0 120.5
KOITO Group 71.6 85.4 13.7 119.3KOITOELECTRIC etc . 19.8 27.3 7.4 137.6
Subtotal 91.5 24.4 112.7 24.3 21.2 123.2T he e ffec t
of For ex
Cons t ant
For ex
Cons t ant
For ex (% )
Americas 56.6 82.1 25.5 145.2 △1.8 27.4 148.6
Europe 9.8 14.0 4.2 143.4 △1.4 5.6 157.7
China 49.8 50.0 0.2 100.4 △2.4 2.6 105.4
Asia 33.8 45.1 11.2 133.3 △1.6 12.9 138.2
Others 0.9 0.0 △0.9 - 0.0 △0.9 -
Subtotal 151.0 40.4 191.4 41.4 40.3 126.7 △7.4 47.8 131.7 (478)
(198.9) (47.8) (131.7)
Total 374.5 100.0 463.2 100.0 88.7 123.7
△83.8 △98.9 △15.1
290.6 364.3 73.6 125.3 △7.4 81.0 127.9
(371.7) (81.0) (127.9)
Elimination
(Constant Forex)
FY 2021 1s t
ha l f
(Actual )
FY 2021 2nd
ha l f
(Forecast)Change
Remarks
KOITOMANUFACTURING(KMC)
Japan ・Increase in public constructions
・Increase in domestic automobile production volume (3.30 million→4.13 million 125%)
Consolidated
O v er s ea s
(Constant Forex)
・CHANGZ HO U K O ITO ha s been ex c l uded fr om t he s cope
o f condo l i da t i on . (20/8~)
<Exchange rate>
FY 2021 FY 2021
(1s t half)(2
n d half)
US Dollar \106.3 \105.0
Chinese Yuan \ 15.2 \ 14.5
<Annual sensitivity per
US Dollar/ 1 yen>
Net sales: \4.0 billion
Operating income: \0.2 billion
Ⅱ-(2) Consolidated Net Sales(Compared to the first half of FY 2021)
(2/12)
(¥ billion, ratio:%)
Ⅱ-(3) Consolidated Statements of Income(Compared to the first half of FY 2021)
Net sales 290.6 100.0 364.3 100.0 73.6 125.3
(Constant Forex) (371.7) (81.0) (127.9)
Cost of sales 263.2 90.5 314.5 86.4 51.3
Gross profit 27.4 9.5 49.7 13.6 22.2 180.9Selling, General and
administrat ive expenses 19.6 6.8 20.5 5.6 0.8
Operating income 7.7 2.7 29.2 8.0 21.4 375.3
(Constant Forex) (29.8) (22.0) (383.9)
Non-operat ingincome and loss 2.7 1.0 0.2 0.1 △2.5
Recurring profit 10.5 3.6 29.4 8.1 18.8 278.6Extraordinary
gains or losses △0.3 - 0.0 - 0.2Income beforeincome taxes 10.2 3.5 29.3 8.1 19.1 287.7
Net income 6.4 2.2 18.5 5.1 12.1 289.4
FY 2021 1st half
(Actual)
FY 2021 2nd half
(Forecast)Change
(20/4~20/9) (20/10~21/3) ◎Operating income 21.4
・Increase in volume 20.6
・Price competition △1.6・Cost down in materials 2.0
・Development of new products・Capital expenditures for the new orders・Production improvement・R&D in advanced technologies
・Others 2.3
(Constant Forex) 22.0
・The effect of Forex △0.6
△1.3
(3/12)
(¥ billion, ratio:%)
Net sales 131.9 100.0 159.0 100.0 27.0 120.5
Cost of sales 117.0 88.7 140.1 88.1 23.0
Gross profit 14.8 11.3 18.9 11.9 4.0 126.9Selling, general and
administrat ive expenses 10.3 7.9 11.4 7.2 1.0
Operating income 4.5 3.4 7.4 4.7 2.9 166.5Non-operat ing
income and loss 12.7 9.7 3.2 2.0 △9.5
Recurr ing profit 17.2 13.1 10.7 6.7 △6.5 61.9Extraordinary
gains or losses 0.5 0.4 0.0 - △0.5Income beforeincome taxes 17.8 13.5 10.6 6.7 △7.1 60.0
Net income 24.8 18.8 7.1 4.5 △17.7 28.7
FY 2021 1s t half(Actual)
FY 2021 2n d half(Forecast) Change
(20/4~20/9) (20/10~21/3) ◎Operating income 2.9
・Increase in volume 5.1
・Price competition △0.4・Cost down in materials 0.9
・Development of new products・Cost on production improvement △2.0・R&D in advanced technologies
・Others △0.7
Ⅱ-(4) Non-consolidated Statements of Income(Compared to the first half of FY 2021)
(4/12)
(¥ billion, ratio:%)
(19/4~20/3)% to
Total (20/4~21/3)% to
Total YoY
356.5 34.6 291.0 34.7 △65.5 81.6
KOITO Group 197.7 157.1 △40.6 79.4KOITOELECTRIC etc . 49.9 47.2 △2.7 94.5
Subtotal 247.7 24.1 204.3 24.4 △43.4 82.5T he e ffect
of For ex
Constant
Forex
Constant
Forex (%)
Americas 179.5 138.8 △40.7 77.3 △8.8 △31.8 82.3
Europe 34.1 23.9 △10.2 70.0 △1.9 △8.3 75.7
China 99.5 99.8 0.3 100.4 △5.0 5.3 105.4
Asia 106.5 79.0 △27.5 74.1 △4.2 △23.3 78.1
Others 5.0 0.9 △4.1 18.4 0.0 △4.0 19.6
Subtotal 424.8 41.3 342.5 40.9 △82.3 80.6 △20.1 △62.2 85.4 (為替影響前)
(362.6) (△62.2) (85.4)
Total 1,029.1 100.0 837.8 100.0 △191.3 81.4 △1,711.0
△ 228.1 △182.8 45.3
800.9 655.0 △145.9 81.8 △20.1 △125.8 84.3
(675.1) (△125.8) (84.3)
FY 2020
(Actual)
FY 2021
(Forecast)Change
Remarks
KOITOMANUFACTURING(KMC)
・Decrease in domestic automobile production volume (9.49 million→7.43 million 78%)
Japan ・Decrease in railway devices and seats etc.
O ver s ea s
・CHANGZ HO U KO IT O ha s been ex c l uded fr om t he s cope
of condo l i da t i on . (20/8~)
(Constant Forex)
Elimination
Consolidated
<Exchange rate> FY 2020 FY 2021
(Actual) (Forecast)
US Dollar \109.0 \105.7
Chinese Yuan \ 15.6 \ 14.9
<Annual sensitivity per
US Dollar/ 1 yen>
Net sales: \4.0 billion
Operating income: \0.2 billion(Constant Forex)
Ⅱ-(5) Consolidated Net Sales(Compared to the previous fiscal year)
(5/12)
(¥ billion, ratio:%)
Ⅱ-(6) Consolidated Statements of Income(Compared to the previous fiscal year)
Net sales 800.9 100.0 655.0 100.0 △145.9 81.8
(Constant Forex) (675.1) (△125.8) (84.3)
Cost of sales 672.8 84.0 577.8 88.2 △95.0
Gross profit 128.0 16.0 77.2 11.8 △50.8 60.3Selling, general and
administrat ive expenses 45.6 5.7 40.2 6.1 △5.4
Operating income 82.4 10.3 37.0 5.6 △45.4 44.9
(Constant Forex) (37.8) (△44.5) (46.0)Non-operat ing
income and loss 2.8 0.4 3.0 0.5 0.1
Recurring profit 85.2 10.6 40.0 6.1 △45.2 46.9Extraordinary
gains or losses △1.2 - △0.4 - 0.8Income beforeincome taxes 84.0 10.5 39.6 6.0 △44.4 47.1
Net income 58.0 7.2 25.0 3.8 △33.0 43.1
FY 2020(Actual)
FY 2021(Forecast)
Change(19/4~20/3) (20/4~21/3) ◎Operating income △45.4
・Decrease in volume △43.9
・Price competition △6.8・Cost down in materials 10.0
・Cost reduction 5.5
・Development of new products・Capital expenditures for the new orders・Production improvement・R&D in advanced technologies
・Others △4.3 (Constant Forex) △44.5 ・The effect of Forex △0.9
△5.0
(6/12)
(¥ billion, ratio:%)
Ⅱ-(7) Statements of income of Japan and Overseasbefore Consolidation Adjustment
(Compared to the previous fiscal year)
FY 2021 (Forecast) (20/4~21/3)O ver s ea s
(15 compan i es )
KOITO GroupK O IT O
E LE CT RIC e t c .Subtotal Subtotal
291.0 157.1 47.2 204.3 342.5 837.8 △182.8 655.012.0 2.7 3.3 6.0 13.9 32.0 5.1 37.04.1% 1.7% 7.0% 2.9% 4.1% 3.8% - 5.6%
FY 2020 (Actual) (19/4~20/3)O ver s ea s
(15 compan i es )
KOITO GroupK O IT O
E LE CT RIC e t c . Subtotal Subtotal
356.5 197.7 49.9 247.7 424.8 1,029.1 △228.1 800.925.5 7.4 3.5 11.0 38.0 74.6 7.7 82.47.2% 3.8% 7.2% 4.5% 9.0% 7.3% - 10.3%
ChangeO ver s ea s
(15 compan i es )
KOITO GroupK O IT O
E LE CT RIC e t c .Subtotal Subtotal
△65.5 △40.6 △2.7 △43.4 △82.3 △191.3 45.3 △145.982% 79% 94% 82% 81% 81% - 82%
△13.5 △4.7 △0.2 △5.0 △24.1 △42.6 △2.6 △45.447% 36% 92% 54% 37% 43% - 45%YoY
Net salesYoY
Operating income
KMCJapan (14 companies)
Total El im inat ion Consol i dated
Total El im inat ion Consol i dated
Net sales
Operating income
Ratio
Net sales
Operating income
Ratio
KMCJapan (14 companies)
KMCJapan (13 companies)
Total El im inat ion Consol i dated
(7/12)
(¥ billion)
Net sales 356.5 100.0 291.0 100.0 △65.5 81.6
Cost of sales 305.7 85.8 257.2 88.4 △48.5
Gross profit 50.7 14.2 33.8 11.6 △16.9 66.6Selling, general and
administrat ive expenses 25.1 7.1 21.8 7.5 △3.3
Operating income 25.5 7.2 12.0 4.1 △13.5 46.9Non-operat ing
income and loss 21.1 5.9 16.0 5.5 △5.1
Recurr ing profit 46.7 13.1 28.0 9.6 △18.7 59.9Extraordinary
gains or losses 4.2 1.2 0.5 0.2 △3.7Income beforeincome taxes 50.9 14.3 28.5 9.8 △22.4 56.0
Net income 41.6 11.7 32.0 11.0 △9.6 76.8
FY 2020(Actual)
FY 2021(Forecast)
Change(19/4~20/3) (20/4~21/3)
◎Operating income △ 13.5
・Decrease in volume △ 19.6
・Price competition △ 1.0・Cost down in materials 3.7
・Cost reduction 3.5
・Development of new products・Cost on production improvement △ 0.8・R&D in advanced technologies
・Others 0.7
◎Non-operating income and loss △ 5.1
・Decrease in interest income and dividends・Others(Decrease in royalty etc.) △ 3.4
◎Extraordinary gains or losses △ 3.7
△ 4.9
in affiliated companies)1.2
・FY2020, Gain on reversal of allowance
・Others(FY2021, Gain on sale of investment
△ 1.7
for loss on overseas investment
Ⅱ-(8)Non-consolidated Statements of income(Compared to the previous fiscal year)
(8/12)
(¥ billion, ratio:%)
FY 2021 (Forecast) (20/4~21/3)
Overseas (15 companies)Americas Europe China Asia Others Overseas
138.8 23.9 99.8 79.0 0.9 342.5△ 1.3 △ 1.2 12.6 3.7 0.0 13.9
- - 12.6% 4.7% 7.2% 4.1%
FY 2020 (Actual) (19/4~20/3)
Overseas (15 companies)Americas Europe China Asia Others Overseas
179.5 34.1 99.5 106.5 5.0 424.811.2 2.1 14.0 10.0 0.7 38.06.3% 6.2% 14.1% 9.4% 13.9% 9.0%
Change
Overseas (15 companies)Americas Europe China Asia Others Overseas
△ 40.7 △ 10.2 0.3 △ 27.5 △ 4.1 △ 82.377% 70% 100% 74% 18% 81%
△ 12.5 △ 3.3 △ 1.3 △ 6.3 △ 0.6 △ 24.1- - 90% 37% 10% 37%
Net sales △ 31.8 △ 8.3 5.3 △ 23.3 △ 4.0 △ 62.2Operating income △ 12.4 △ 3.3 △ 0.7 △ 6.0 △ 0.6 △ 23.2
Operating income
Ratio
Net sales
ConstantForex
Net sales
Operating income
Ratio
Net sales
YoY
Operating incomeYoY
Ⅱ-(9) Statements of Overseas income by Segmentsbefore Consolidation Adjustment
(Compared to the previous fiscal year)
(9/12)
(¥ billion, ratio:%)
FY 2020
(Actual)
FY 2021
(Forecast)
Net sales 179.5 138.8 △40.7 77.3 △31.8 82.3
Operatingincome
11.2 △1.3 △12.5 - △12.4 △10.5
Ratio 6.3 -
Net sales 34.1 23.9 △10.2 70.0 △8.3 75.7
Operatingincome
2.1 △1.2 △3.3 - △3.3 △58.9
Ratio 6.2 -
Remarks(19/4~20/3) (20/4~21/3)
A
m
e
r
i
c
a
s
ChangeConstant
Forex
E
u
r
o
p
e
◎Operating income △12.4
・Decrease in volume △10.3
・Price competition △2.0・Cost down in materials 2.2
・Development of new products and production increase cost・Quality support cost △1.3
・Others 0.6
△1.6
◎Operating income △3.3
・Increase in volume △2.7
・Price competition △0.5・Cost down in materials 0.3
・Development of new products and production increase cost・Others △0.2
△0.2
Ⅱ-(10) Statements of income in Americas and Europe(Compared to the previous fiscal year)
(10/12)
(¥ billion, ratio:%)
FY 2020
(Actual)
FY 2021
(Forecast)
Net sales 99.5 99.8 0.3 100.4 5.3 105.4
Operatingincome
14.0 12.6 △1.3 90.2 △0.7 94.4
Ratio 14.1 12.6
Net sales 106.5 79.0 △27.5 74.1 △23.3 78.1
Operatingincome
10.0 3.7 △6.3 37.0 △6.0 39.2
Ratio 9.4 4.7
China
Change
Asia
ConstantForex
Remarks(19/4~20/3) (20/4~21/3)
◎Operating income △0.7
・Increase in volume 1.2
・Price competition △2.9・Cost down in materials 2.4
・Development of new products and production increase cost
△1.4
◎Operating income △6.0
・Decrease in volume △6.5
・Price competition △0.4・Cost down in materials 1.4
・Development of new products and production increase cost・Others 0.5
△1.0
Ⅱ-(11) Statements of Income in China and Asia(Compared to the previous fiscal year)
(11/12)
(¥ billion, ratio:%)
Ⅱ-(12) Capital Expenditures by Segment
Di ffe r ence Ra t i o
Equipment 6.3 10.6 8.7 △ 1.9 82Molds 3.8 4.8 3.9 △ 0.9 81
10.1 15.4 12.7 △ 2.7 826.0 6.2 2.6 △ 3.6 42 ・Decrease in new molds
0.2 0.3 0.1 △ 0.2 335.5 2.9 2.0 △ 0.9 69
21.8 24.8 17.4 △ 7.4 7014.1 11.1 8.6 △ 2.5 77 ・NAL MEXICO
1.5 5.0 2.6 △ 2.4 52 ・KCZ
8.6 3.5 3.5 0.0 1007.7 12.1 7.0 △ 5.1 58 ・KOITO MALAYS IA
32.1 31.8 21.9 △ 9.9 6954.0 56.7 39.3 △ 17.4 69
(61.2) (43.0) (25.0) (△18.0) (58)32.0 36.0 37.3 1.3 104
(KMC 8.4 10.4 12.3 1.9 118 )
Change from FY 2020
Remarks
Others
Subtotal
FY 201918/4~19/3
FY 202019/4~20/3
FY 202120/4~21/3
Depreciation
(Forecast)
Americas
Europe
China
Asia
Subtotal
・Dec rease in in vestmen t such as
renewal/environmen tal improvemen t
\△2.2 billion
\△2.7 billion
\△3.1 billion
Total
(Order amount)
Japan
KMC
KOITO KYUSHU
KOITO ELECTRIC
(12/12)
(¥ billion, ratio:%)