results announcement for the fy2010 - tstech.co.jp · japjapanan (actual) fy2009 (act ual) reasons...

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Results announcement for the FY2010(April1, 2009 – March 31, 2010)

Good Quality Good Quality for the Whole Worldfor the Whole World

ACURA ZDX seat

Securities code: 7313Securities code: 7313First Section, Tokyo Stock ExchangeFirst Section, Tokyo Stock Exchange

http://http://www.tstech.co.jpwww.tstech.co.jp


Outline Toshio Komeji, President

- Business overview and results outline for FY2010 (April 1, 2009 – March 31, 2010)- Outline of forecast for FY2011 (April 1, 2010 – March 31, 2011)- Direction of the company’s future growth strategy

Detail Akira Nemoto, Managing Director & Executive General Manager of theCorporate Administration Division

- Consolidated results for FY2010 (April 1, 2009 – March 31, 2010)- Consolidated forecast for FY2011 (April 1, 2010 – March 31, 2011)


Business overview and results outline for FY2010

(April 1, 2009 – March 31, 2010)


SuzukiSubaru

KawasakiYamaha

Japan

North AmericaSouth

America

ChinaAsia

Europe

April 2009 March 2010

Honda

AutomobilesMotorcycles

Red: New model/full model change

Black: Minor model change

JAZZ

Z1000

RM-X450RM-Z250

VN900CUSTOM

T-MAX

SR400

SUPER CUB110

ACTY TRUCK

STEPWGN

FAZE

SUPER CUB110PRO

VFR1200F VT1300CR

CB1300

CR-V

CIVIC

ODYSSEY(China)JAZZ (India)

SPIRIOR (China)

FREED(Indonesia)

CITY (Brazil)ZDX (Canada)

ACCORD CROSSTOUR(USA)

Key models entering production during FY2010

CB Twister(India)

VT750S

CB1100

XT1200Z Super TenereAPV TRUCK


L’zaNew product

PARAMOUNT BED

Saitama Plant(Konosu)

FAZENew modelHonda

Kyusyu T･S

Dialysis/chemotherapy chair

STEPWGNHonda

Japan

Motorcycle seats

ACTY TRUCKFull model changeHonda

Suzuka Plant

Order: Seats


Full model changeSaitama Plant(Gyoda)

Order: Seats


CITYNew ModelHonda

TS TECH BRASIL

Order: Seats

North/South America


ZDXNew modelAcura

TS TECH CANADA

Order: Seats

Order: Seats, doors, roofs

ACCORD CROSSTOUR

New model

Honda

TS TECH USA/TS TRIM INDUSTRIES


China

CITYFull model changeHonda

Order: Seats, doors


New model

Order: Doors

ODYSSEYHonda

Order: Seats, doors

GUANGZHOU TSFull model change

GUANGZHOU TSK AUTO PARTSGUANGZHOU TSGUANGZHOU TSK AUTO PARTS

ACCORD (SPIRIOR)Honda

WUHAN TS


FREEDNew model

Honda

TS TECH INDONESIA

Order: Seats

Asia

Europe

FIT (JAZZ)

New model

Honda

TS TECH UK

Order: Seats

CB TwisterNew modelHonda

TS TECH INDIA


FIT (JAZZ)New model

Honda

TS TECH INDIA

Order: Seats


0

50

100

150

200

250

300

350

400

FY2009 FY20100

20

40

60

80

100

120

140

FY2009 FY2010 FY2009 FY2010 FY2009 FY2010 FY2009 FY2010 FY2009 FY2010 FY2009 FY2010

Source: TS TECH production data, in-house research based on figures published by Honda Motor Co., Ltd.

630,000 vehicles

730,000 vehicles

130,000 vehicles

70,000 vehicles

240,000 vehicles

590,000 vehicles

70%

63%

100%

81%83%

94%

2.67 million

vehicles

73%

2.40 million

vehicles

75%

TS TECH

Others （Technical assistance provided by TS TECH, etc.）

790,000 vehicles

69%58%

720,000 vehicles

96%

510,000 vehicles

85%

260,000 vehicles

83%

230,000 vehicles

100%

130,000 vehicles

JapanJapan N. AmericaN. America ChinaChina S. AmericaS. AmericaAsiaAsia EuropeEurope

Share of Honda automobile production

Share of Honda automobile production Share of production according to regionShare of production according to region

* Figures rounded down to the nearest 10,000 vehicles

Supplying 75% of seats for Honda automobiles

Competitors （2 Companies）

(10,000vehicles) (10,000vehicles)


FY2009 FY2010Consolidated

Sales ratio Sales ratioDifference Year-on-year

Net sales 404,761 100.0% 317,990 100.0% - 86,771 - 21.4%Operating income 16,093 4.0% 9,598 3.0% - 6,494 - 40.4%Ordinary income 14,962 3.7% 11,436 3.6% - 3,526 - 23.6%Net income 4,741 1.2% 6,328 2.0% + 1,586 + 33.5%

Non-consolidatedFY2009 FY2010

Difference Year-on-yearSales ratio Sales ratio

Net sales 135,852 100.0% 102,247 100.0% - 33,605 - 24.7%Operating income - 2,969 --- - 2,457 --- + 512 ---Ordinary income 2,666 2.0% 2,694 2.6% + 28 + 1.1%Net income 1,199 0.9% 3,702 3.6% + 2,503 + 208.7%

Results outline for FY2010(Unit: Million yen)[Results compared to FY2009]

[Results compared to FY2009](Unit: Million yen)

* Cash dividends per share in brackets based on projected figures.

End of year

End of 1st half

Cash dividendsper share ¥22 (¥20) - ¥2 - 9.1%

¥11 ¥9 - ¥2 -18.2%¥11 (¥11) ¥0 0%


Outline of forecast for FY2011 (April 1, 2010 – March 31, 2011)


FY2010(Actual)

FY2011(Forecast)Consolidated

Sales ratio Sales ratioDifference Year-on-year

Net sales 317,990 100.0% 366,600 100.0% + 48,609 + 15.3%

Operating income 9,598 3.0% 17,500 4.8% + 7,901 + 82.3%

Ordinary income 11,436 3.6% 19,000 5.2% + 7,563 + 66.1%

Net income 6,328 2.0% 10,200 2.8% + 3,871 + 61.2%

Outline of forecast for FY2011

(Unit: Million yen)[Forecast compared to results for FY2010]

* Cash dividends per share in brackets based on projected figures.

Cash dividends per share ¥20 (¥22) ¥2 10.0%

End of 1st half ¥9 (¥11) ¥2 22.2%End of year (¥11) (¥11) ¥0 0%


3.1%3.9%

5.5%

4.0%

3.0%

4.8%

0

100000

200000

300000

400000

500000

600000

FY2006 FY2007 FY2008 FY2009 FY2010 FY20110.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

0.80

0.90

1.00

1.10

1.20

1.30

1.40

Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

Production per person and personnel numbers (global)

Results of increasing improvement

Rate of change since December 2008 (1.00)

2008 2009 2010

Personnel

Vehicles produced per person

(Points)

Net sales

Operating margin

Impact of increasing improvement measures

Increasing improvement measures in order to increase productivity

Implement production line upgradesMaintain personnel numbers in spite of increasing productionIncrease margin for FY2011 based on same level of sales as FY2006

(Forecast)


埼玉工場視察会Outline of Japan Segment

122,220110,207

144,457

193,775

FY2008 FY2009 FY2010 FY2011

3,460

641580

10,589

FY2008 FY2009 FY2010 FY2011

Net sales

Operating income

(Unit: Million yen)

(Unit: Million yen)

FY2008 FY2009 FY2010 FY2011

(10,000 vehicles)100

79

63

Positioning of Japan Segment

Domestic production declining, with no clear signs

of recovery in the future

Japan’s roleStarting point for all

information and technology

Reinforcing role as global “mother ship”

Vehicles produced in Japan Segment

Ensuring that our Japanese operations perform their role effectively will result in improved revenue in Japan

(Projected)

(Forecast)

(Forecast)


Outline of North America Segment

Results from the North America Segment

As production volume increase receive starting to the benefits of revenue improvement measures in line with increasing production

34,42630,68128,133

24,65122,449

35,62040,46938,637

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

Net sales

- 162 - 155

223

- 1,326- 1,068

- 284

280713

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

Operating income

(Million yen)

(Million yen)

FY2009

1st half 2nd half 1st half 2nd half 1st half 2nd half

(10,000 vehicles)

39

32 32

40

Vehicles produced in the North America Segment

(half-year totals)

2010.3期 2011.3期

133,620

FY2010 FY2011

133,620117,893

2010.3期 2011.3期FY2010 FY2011

- 358

2,530

Full year

Full year

FY2011(Projected)

FY2009 FY2010 FY2009

FY2010

FY2010

(Forecast)

(Forecast)


Sustaining growth as the cornerstone of consolidated income

Strong growth in productionFor the time being the percentages of genuine leather seats are expected to remain at current levels.The percentage will slightly decline as the composition of models ordered shifts towards compact vehicles.

(10,000 vehicles)

Outline of the China Segment

Margin trends and tactics

14.8

11.613.1 12.6

FY2008 FY2009 FY2010 FY2011

Operating marginVehicles produced and percentage of leather seats

Securing the top line

- Catering to growing market

- Continuing orders for global models- Focusing on independent brands in China

Increasing rate of local procurement

Targeting other models on the current ACCORD level (90%)

(%)

(Projected)

(Forecast)

4651

59

0

10

20

30

40

50

60

70

FY2008 FY2009 FY2010 FY20110%

50%

100%


Direction of the company’s future growth strategy


Achieving global top-level quality


From stepping up emergency measures to new initiatives

Evolving technologies for safety,

environmentally friendly, and attractive products

Evolving technologies for safety,

environmentally friendly, and attractive products

Strengthening global management

Strengthening global management

Advancing TS TECH’scorporate governanceAdvancing TS TECH’scorporate governance

Four key policiesEmergency measures in line

with shrinking markets(December 2008 onwards)

Stepping up measures

Laying foundations for production in line with

order volumes

Laying foundations for production in line with

order volumes

Reviewing profit structure (overseas local capabilities/

reliance on exports)

Reviewing profit structure (overseas local capabilities/

reliance on exports)

Positioning TS

TEC

H in the leading pack

once the market recovers

Responding to shift in demand towards compact vehicles

Sales expansion initiatives

Targeting new markets

1

2


(1) Responding to the shift towards compact vehicles


Source: Compiled by TS TECH based on data published by CSM Worldwide

Growth expected fromcompact vehicles

Breakdown of forecast growth according to vehicle category

Direction of growth in the vehicle market

Large-scale shift expected towards compact vehicles, including surge in

demand in emerging countries

2009 2015

Forecast increase in production

(Forecast)

Category A

12%

Approx. 70%

Category B

Category C

27%

29%

Others vehicles

As a percentage of forecast growth in Japan, South Korea, North America and Europe (to 2015)

(Japan, S. Korea, N. America & Europe)


Shift towards compact vehicles

Growing demand for entry-level

vehicles

Growing demand for entry-level

vehiclesChallenge for

low cost / new costChallenge for

low cost / new cost

Advantages of a global network consisting of 11 countries worldwide

Growing demand for

environmentally friendly and fuel efficient vehicles

Growing demand for

environmentally friendly and fuel efficient vehicles

Balance between safety and lightweight vehicles

Advances in safety, environmental and core technology

Responding to the shift towards compact vehicles

Worldwide

Emerging countries


Challenging for low cost / new cost

Establishment of optimum

regional vehicle

specifications

Competition from

branded models

Competition for business in emerging

countries

Creating business in low-end markets and new price ranges

[Ideal scenario]

Establishing sales, development and buying capabilities in China and Southeast Asia

Working towards ideal product specifications in line with regional needs

Harnessing global network to ensure best-price procurement

Analyzing products from component manufacturers in emerging countries

Examining specifications and quality of whole ranges of components

Expanding local procurement, including local manufacturers

Examining procurement costs

Optimum specifications

Best-price procurement

Aiming to enhance cost competitiveness and lay the foundationsto secure profit from compact vehicles


(2) Sales expansion initiatives


Sales expansion strategy

TS TECH

Strengths, core technology

Seats, interior products

Components

Harnessing products’ competitive edge as part of a sales expansion strategy focusing on component procurement

Other

Honda

Suzuki

Other auto manufacturers(overseas companies)

Other customers

Trim covers, safety apparatus, etc.

Medical sector, trains, etc.

ExpansionExpansion

ExpansionExpansion

ApplicationApplication


North AmericaEuropean & USmanufacturers

S. AmericaEuropean

manufacturers

China

AsiaEuropean & USmanufacturers

Europeanmanufacturers

SDB

SDB SDBS

Establishing new sales, development and buying capabilities (SDB)in China (Ningbo) and Southeast Asia (Bangkok)

New models, best-price procurement, sales expansion

JapanMother ship

JapanMother ship

Sales expansion strategy

European & USmanufacturers

Japanesemanufacturers

Japanesemanufacturers

Chinesemanufacturers Japanese

manufacturers


Toward year 2020


Year ending March 2011

Toward year 2020

50th anniversaryFinal year of 10th Medium-Term Management Plan

Starting to formulate a new medium-term management plan aimed to become a “100 year company”

Expanding component

sales

Targeting compact vehicles

Production capacity

Advances in

technology

Vision for 2020

Profit structure

Environment/CSR

Expand scale of operations andenhance corporate value


Toward year 2020

Toward year 2020

Positioning of 11th Medium-Term Management Plan

13th Medium-TermManagement Plan

Aiming to finalize medium- and long-term management plan before the end of 2011



2011 20132012


20082009

2010

Becoming a “Good Quality Company”Accomplishing four key priorities

Launching initiatives aimed at establishing a new market structure

Three years to lay foundations for 2020Advances in core technology/enhancing

component competitiveness



2010 VisionGood Quality Company



Consolidated results for FY2010 (April 1, 2009 – March 31, 2010)


Outline of consolidated results for FY2010Results compared to FY2009 / results compared to revised forecast (Jan 29)

(Unit: Million yen)

FY2010FY2009 (actual) Revised forecast (Jan 29) Actual results

Year-on-year Difference from forecast

Net sales 404,761 314,800 317,990 - 21.4% + 1.0%

Operating income 16,093 8,900 9,598 - 40.4% + 7.9%

Ordinary income 14,962 10,500 11,436 - 23.6% + 8.9%

Net income 4,741 4,700 6,328 + 33.5% + 34.6%

Capital investment 13,547 8,700 8,382 - 38.1% - 3.7%

Depreciation 10,067 11,000 11,038 + 9.6% + 0.3%

R&D expenses 10,874 9,430 9,617 - 11.6% + 2.0%

USDFull year average

¥100.59Full year average


¥92.88Exchange rates

CNYFull year average



¥13.70

Cash dividends per share ¥22 ¥18 (¥20)

Year-on-year[Net sales]- Decline in revenue due to substantial decline in order volumes, particularly

in Japan and other regions- Decline in revenue to due exchange rates

[Operating income/ordinary income/net income]- Increase in income due to reduced costs and savings on expenses- Decline in income due to decline in revenue- Increase in income due to corporate tax refund for previous fiscal year, etc.

Compared to revised forecast (Jan 29)[Net sales]- Increase in revenue due to exchange rates- Increase in revenue due to changes to model makeup

[Operating income/ordinary income/net income]- Increase in income due to increase in revenue- Increase in income due to savings on expenses- Increase in income due to corporate tax refund for previous year, etc.

* Cash dividends per share in brackets based on projected figures


(Unit: Million yen)

Net sales according to segmentResults compared to FY2009

Revenue down across all segments

2009年３月期 2010年３月期

393,664

3,3107,786

- 2,405(Down 30.9%)

- 83,368(Down 21.2%)

404,761

317,990

310,295

2,3135,380

Other0.8%

Motorcycles1.9%

Automobiles97.3%

- 996(Down 30.1%)

FY2009 FY2010

Motorcycles1.7%

Automobiles97.6%

Other0.7%


(Unit: Million yen)

2009年３月期 2010年３月期

328,605

27,498

6,660

Net sales according to product; Automobile segmentResults compared to FY2009

393,664

Revenue down for all products

30,900

259,389

22,639

4,785

310,295

23,480

Other products7.0%

Seats83.5%

Doors7.8%

Roofs1.7%

- 69,215(Down 21.1%)

- 7,419(Down 24.0%)

-1,874(Down 28.1%)

- 4,858(Down 17.7%)

Other products7.3%

Seats83.6%

Doors7.6%

Roofs1.5%

FY2010FY2009


Results according to region (net sales)

JapanJapan

(Actual)FY2009(Actual)

Reasons for year-on-year increase/decrease- Decline in revenue due to decline in order

volumes- Decline in revenue due to decline in sales of

components supplied from Japan

Reasons for increase/decrease compared to revised forecast (Jan 29)- Increase in revenue due to changes to

model makeup, despite decline in order volumesFY2010

Year-on-year - 34,249 (down 23.7%)Revised forecast (Jan 29)

+ 2,027 (up 1.9%)

ChinaChina

Reasons for year-on-year increase/decrease- Increase in revenue due to increased order

volumes- Decline in revenue due to exchange rates

Reasons for increase/decrease compared to revised forecast (Jan 29)- Adjustments for consolidation (exclusion of

internal transactions)

Exchange rate impactYear-on-year - ¥6,228 millionRevised forecast (Jan 29) + ¥0 million

Year-on year - 980 (down 1.4%)Revised forecast (Jan 29)

- 22 (down 0.0%)

North AmericaNorth America

Reasons for year-on-year increase/decrease- Decline in revenue due to exchange rates- Decline in revenue due to changes to

model makeup

Reasons for increase/decrease compared to revised forecast (Jan 29)- Increase in revenue due to exchange rates- Increase in revenue to due changes to

model makeup, despite decline in order volumes

Exchange rate impactYear-on-year - ¥9,436 millionRevised forecast (Jan 29) + ¥1,021 million


+ 1,843 (up 1.6%)

Reasons for year-on-year increase/decrease- Suspension of production in UK subsidiary- Decline in revenue due to overall decline in

order volumes

Reasons for increase/decrease compared to revised forecast (Jan 29)- Increase in revenue due to exchange rates- Decline in revenue due to decline in order

volumes

Exchange rate impactYear-on-year - ¥8,596 millionRevised forecast (Jan 29) + ¥156 million


- 29 (down 0.1%)

67,978 67,020 66,997

46,62046,650

81,095

108,180

144,457

110,207

137,177

116,050 117,893

(Jan 29forecast)


FY2010(Jan 29

forecast) (Actual)FY2009(Actual)

FY2010(Jan 29

forecast)


FY2010(Jan 29

forecast)

OthersOthers

(Million yen)

(Million yen)

(Million yen)

(Million yen)


Results according to region (operating income)

JapanJapan

Reasons for year-on-year increase/decrease- Decline in income due to decline in revenue- Increase in income due to reduced costs

and savings on expenses- Increase in income due to material costs

Reasons for increase/decrease compared to revised forecast (Jan 29)- Increase in income due to increase in

revenue- Increase in income due to savings on

expenses

Year-on-year + 61 (up 10.5%)Revised forecast (Jan 29) + 741 (-)

ChinaChina

Reasons for year-on-year increase/decrease- Decline in income due to exchange rates- Increase in income due to reduced costs

and savings on expenses

Reasons for increase/decrease compared to revised forecast (Jan 29)- Adjustments for consolidation (adjustments

to internal transactions)

Exchange rate impactYear-on-year - ¥839 millionRevised forecast (Jan 29) + ¥0 million

Year-on-year + 900 (up 11.4%)Revised forecast (Jan 29)

- 8 (down 0.1%)


Reasons for year-on-year increase/decrease- Decline in income due to decline in revenue- Increase in income due to reduced costs

and savings on expenses

Reasons for increase/decrease compared to revised forecast (Jan 29)- Increase in income due to increase in

revenue- Increase in income due to savings on

expenses

Exchange rate impactYear-on-year + ¥74 millionRevised forecast (Jan 29) + ¥24 million

Year-on-year + 1,063 (-)Revised forecast (Jan 29) + 41 (-)

OthersOthers

Reasons for year-on-year increase/decrease- Decline in income due to decline in revenue- Decline in income due to increased

expenses as a result of suspension of production in UK subsidiary

Reasons for increase/decrease compared to revised forecast (Jan 29)- Adjustments for consolidation (adjustments

to internal transactions)- Decline in income due to decline in revenue

Exchange rate impactYear-on-year - ¥473 millionRevised forecast (Jan 29) - ¥4 million


- 160 (down 4.5%)7,890

8,800 8,791

3,540

11,871

- 100580 641

- 1,422 - 400 - 358

3,379


FY2010(Jan 29

forecast)


FY2010(Jan 29

forecast) (Actual)FY2009(Actual)

FY2010(Jan 29

forecast)


FY2010(Jan 29

forecast)

(Million yen)

(Million yen)

(Million yen)

(Million yen)


Reasons for increase/decrease in ordinary incomeResults compared to FY2009

2008年３月期 2009年３月期

- 3,526 (down 23.6%)

14,962

Reduced costs

3,546

Fluctuating sales & changes to

model makeup

- 12,333Other non-operating

factors

- 85

11,436

Reduced SG&A

expenses

1,866

Exchange rates

- 1,238

Fluctuating material costs

1,663Foreign

exchangegains & losses

3,054

Decline in income due to substantial decline in revenue, despite reduced costs and savings on expenses

(Unit: Million yen)

FY2009(Actual)

FY2010(Actual)


(Unit: Million yen)

Increase in income due to factors such as changes to model makeup, despite a decline in order volumes

Reasons for increase/decrease in ordinary incomeResults compared to revised forecast (Jan 29)

+ 936 (up 8.9%)


model makeup

936

Reduced SG&A

expenses

49

Exchange rates

19

Other non-operating

factors

118

14,962

11,436

Fluctuating material costs

- 82

Foreign exchange

gains & losses

118

FY2009(Actual)

FY2010(Revised forecast

(Jan 29))

FY2010(Actual)

10,500

Reducedcosts

- 224


Net salesNet sales

Quarterly results

Operating incomeOperating income

91,15686,702

109,999 110,955 109,341

74,464

65,575

74,556

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

(Million yen)

FY2009 FY2010

4,1084,420

5,651

4,696

1,481

- 613

1,015

4,729

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

FY2009 FY2010

(Million yen)

- 36,399(Down 32.8%)

- 44,424(Down 40.4%)

- 3,215(Down 68.5%)

- 6,264(-)

- 22,639(Down 20.7%)

- 308(Down 6.5%)

+ 16,691(Up 22.4%)

+ 3,092(Up 304.5%)


Consolidated forecast for FY2011 (April 1, 2010 – March 31, 2011)


Outline of consolidated forecast for FY2011Forecast compared to results for FY2010

(Unit: Million yen)

FY2010 (actual) FY2011 (forecast)Sales ratio Sales ratio

Difference Year-on-year

Net sales 317,990 100.0% 366,600 100.0% + 48,609 + 15.3%

Operating income 9,598 3.0% 17,500 4.8% + 7,901 + 82.3%

Ordinary income 11,436 3.6% 19,000 5.2% + 7,563 + 66.1%

Net income 6,328 2.0% 10,200 2.8% + 3,871 + 61.2%

Capital investment 8,382 9,700 + 1,317 + 15.7%

Depreciation 11,038 9,970 - 1,068 - 9.7%

R&D expenses 9,617 8,760 - 857 - 8.9%

Exchange rates(full year averages) USD: ¥92.88 CNY: ¥13.70 USD: ¥90 CNY: ¥13.2

1st half (actual) 2nd half (actual) 1st half (forecast) 2nd half (forecast)

Net sales 140,131 177,858 184,500 182,100

Operating income 886 8,712 8,800 8,700

Ordinary income 1,722 9,713 9,600 9,400

Net income 1,194 5,133 5,000 5,200

[Net sales]- Increase in revenue due to increased order volumes in all regions

[Operating income/ordinary income/net income]- Increase in income due to increase in revenue- Increase in income due to efforts to reduce costs

[Main capital investments]- Acquisition of land at Saitama Plant- Acquisition of machinery and dies for new models


Forecast according to region (net sales)

JapanJapan

Year-on-year + 12,012 (up 10.9%)

(Million yen)

ChinaChina

Year-on-year + 12,242 (up 18.3%)

(Million yen)


Year-on-year + 15,726 (up 13.3%)

(Million yen)

OthersOthers

Year-on-year + 11,389 (up 24.4%)

(Million yen)

110,207122,220

66,99779,240

46,62058,010

Reasons for year-on-year increase/decrease- Decline in revenue due to exchange

rates- Increase in revenue due to increase in

order volumes

Exchange rate impact- ¥3,011 million



order volumes- Full year operations in UK subsidiary

Exchange rate impact- ¥842 millionFY2011

(Forecast)FY2010(Actual)

117,893133,620

Reasons for year-on-year increase/decrease- Increase in revenue due to increase in

order volumes- Increase in revenue due to increase in

sales of components supplied from Japan



order volumes

Exchange rate impact- ¥4,200 million

FY2011(Forecast)

FY2010(Actual)

FY2011(Forecast)

FY2010(Actual)

FY2010(Actual)

FY2011(Forecast)


Forecast according to region (operating income)

JapanJapan

Year-on-year + 2,818 (up 439.1%)

(Million yen)

ChinaChina

Year-on-year + 1,178 (up 13.4%)

(Million yen)


Year-on-year + 2,888 (-)

(Million yen)

OthersOthers

Year-on-year + 2,040 (up 60.4%)

(Million yen)

641

3,460

2009年3月期 2010年3月期

8,7919,970

3,379

5,420

Reasons for year-on-year increase/decrease- Decline in income due to material costs- Decline in income due to exchange

rates- Increase in income due to increase in

revenue- Increase in income due to efforts to

reduce costs

Exchange rate impact- ¥360 million

Reasons for year-on-year increase/decrease- Increase in income due to increase in

revenue- Full year operations in UK subsidiary

Exchange rate impact+ ¥53 million

FY2011(Forecast)

FY2010(Actual)

- 358

2,530

Reasons for year-on-year increase/decrease- Decline in income due to material

costs- Increase in income due to increase in


reduce costs

Reasons for year-on-year increase/decrease- Increase in income due to increase in


reduce costs

Exchange rate impact- ¥38 million

FY2011(Forecast)

FY2010(Actual)

FY2011(Forecast)

FY2010(Actual)

FY2010(Actual)

FY2011(Forecast)


Reasons for increase/decrease in ordinary incomeForecast compared to FY2010

00９年３月期実績 2010年３月期見通


model makeup

7,576 Increased SG&A

expenses

- 2,013

Exchange rates

- 344Other non-operating

factors

- 97

Reduced costs

3,144

+ 7,563 (up 66.1%)

11,436

19,000Fluctuating

material costs

- 460Foreign

exchange gains & losses

- 240

(Unit: Million yen)

FY2011(Forecast)

FY2010(Actual)

Increase in income as a result of increased revenue and efforts to reduce costs


Capital investment and depreciation

FY2009 FY2010 FY2011 FY2009 FY2010 FY2011

JapanJapan

ChinaChina

TotalTotal

Capital investment

FY2009 (actual) FY2010 (actual) FY2011 (forecast)

(Million yen)

Capital investment to increase by just over 10% year-on-year, due in part to acquisition of land at Saitama Plant

FY2009 FY2010 FY2011

3,646

2,320

13,547

8,382

10,067 11,038

2,550 9,700

9,970

Depreciation

FY2009 FY2010 FY2011FY2009 FY2010 FY2011

FY2009 FY2010 FY2011


4,729 4,400

2,040

429810

OthersOthers

3,131

2,004 1,940

TotalTotal

(Million yen)

3,627Main investments

- Acquisition of land at Saitama plant

- Machinery and dies for new models, etc.

- Production line upgrades

Main investments

Main investmentsMain investments




(forecast) (forecast) (forecast)

(forecast)

(forecast)(forecast)


IR inquiriesTS TECH Co., Ltd. Public Relations Section.

Corporate Social Responsibility Office.048-462-1136

Forward-looking statements and forecast results contained in this presentation represent TS TECH’s assumptions based on information currently available and are subject to a degree of risk and uncertainty. Please bear in mind that actual results may vary significantly from the forward-looking statements contained in this presentation due to a range of variable factors.

Thank you for listening

results announcement for the fy2010 - tstech.co.jp · japjapanan (actual) fy2009 (act ual) reasons...

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