FY2010 Financial Results ended March 31, 2010 April 28, 2010
Overview of FY2010 Financial Results 01 / 25 １． Sales and income decreased from the previous year, １． Sales and income decreased from the previous year, but income turned positive due to fixed cost reduction. but income turned positive due to fixed cost reduction. 2. Year-end dividend per share increased by 1 yen 2. Year-end dividend per share increased by 1 yen to 14 yen against previous year. to 14 yen against previous year. (Annual dividend:27 yen) (Annual dividend:27 yen) 3. Sales will increase in FY2011, but income will be 3. Sales will increase in FY2011, but income will be the same as FY2010. the same as FY2010.
FY2010 Financial Results 02 / 25 (Ratio to Sales) (Unit: Billions of Yen) Change FY2010 FY2009 Change FY2010 FY2009 Sales 2,976.7 3,142.7 -166.0 -5.3% Sales 2,976.7 3,142.7 -166.0 -5.3% Operating Operating 136.6 -37.3 +173.9 - 136.6 -37.3 +173.9 - (4.6%) Income (-1.2%) Income Income before Income before 146.9 -99.3 +246.2 - 146.9 -99.3 +246.2 - (4.9%) (-3.2%) Income Taxes Income Taxes Net Income 73.4 -84.1 +157.5 - Net Income 73.4 -84.1 +157.5 - (2.5%) (-2.7%) JPY 91/$ JPY101/$ -JPY10 JPY 91/$ JPY101/$ -JPY10 Foreign Foreign Exchange Rate JPY129/Euro JPY146/Euro -JPY17 Exchange Rate JPY129/Euro JPY146/Euro -JPY17 (Unit: Millions of Units) Domestic Car Domestic Car 8.87 9.99 -1.12 -11.2% 8.87 9.99 -1.12 -11.2% Production Production Overseas Car Overseas Car 11.97 11.24 +0.73 +6.5% 11.97 11.24 +0.73 +6.5% Production of Japanese Production of Japanese Manufacturers Manufacturers (3.55) (3.65) (-0.1) (-2.7%) (3.55) (3.65) (-0.1) (-2.7%) (North America) (North America)
Change in FY2010 Consolidated Sales 03 / 25 (Unit: Billions of Yen) By Customer By Business Segment 3,200 3,142.7 3,142.7 2,000 3,200 137.7 2,976.7 Others - 59.5 Others 2,976.7 78.2 - 123.6 218.3 + 4.1 Small 2,800 Small 222.5 Motors 944.6 Motors 293.6 - 27.8 2,800 Others Others 1,600 265.8 821.0 Electric Electric Hyundai/ 2,400 Hyundai/ 272.9 + 24.4 Kia 35.2 Kia + 10.5 297.3 45.7 Electronic Electronic 43.2 - 9.8 Chrysler 33.4 Chrysler 55.4 + 55.4 - 3.4 52.0 2,000 471.4 Information 100.9 2,000 Information 1,200 - 24.8 76.1 Ford Ford & Safety 526.8 & Safety - 11.2 90.9 79.7 GM + 0.1 GM 105.2 105.3 1,600 - 57.5 - 34.4 Suzuki Suzuki 204.9 741.9 239.3 1,600 800 684.4 Fiat Fiat Powertrain Powertrain 1,200 + 30.6 Honda Honda - 105.2 800 Toyota Toyota Group 1,200 Group 400 1,558.6 1,528.0 1,006.9 Thermal Thermal 901.7 400 0 0 10/3 10/3 09/3 09/3 09/3 10/3 FY09 FY09 FY10 FY10 '09/3 FY09 '10/3 FY10 '09/3 '10/3
Change in FY2010 Income before Income Taxes 04 / 25 +146.9 (Unit: Billions of Yen) +58.2 Extra- Income Ordinary before loss Income +14.1 decrease Taxes +4.7 +17.3 Product mix +48.3 Raw material Cost Non-operating Variable income increase Cost reduction +38.7 -99.3 Depreciation +17.8 Income +103.0 Labor cost before Fixed cost Income reduction Taxes (159.5) -12.1 Expense -43.8 reduction Production Currency volume exchange decrease loss FY09 FY10
Geographical Segments by Company Location 05 / 25 ( ): Local Currency Base (Unit: Billions of Yen) 80 1,200 2,200 75.4 2,145.6 +24.6% -4.9% Operating Income (+34.6%) Sales 2,041.3 60.5 60 2,000 1,000 40.9 40 800 +195.9% +154.3% (+227.6%) (+174.5%) -4.9% -11.1% +5.2% 20 12.9 (+2.7%) (-0.0%) (+13.3%) 10.7 600 559.8 5.1 3.6 532.2 534.1 507.7 0 462.5 411.1 400 -20 200 -40 -114.7 -60 -120 0 FY09 FY10 FY09 FY10 日本 北中南米 欧州 豪亜 日本 北中南米 欧州 豪亜 The The Asia & Asia & Japan Europe Japan Europe Americas Americas Oceania Oceania
FY2011 Financial Forecast 06 / 25 (Ratio to Sales) (Unit: Billions of Yen) FY2011 FY2011 Change FY2010 Change FY2010 Forecast Forecast Sales 3060.0 2,976.7 +83.3 +2.8% Sales 3060.0 2,976.7 +83.3 +2.8% Operating Operating 138.0 136.6 +1.4 +1.0% 138.0 136.6 +1.4 +1.0% (4.5%) (4.6%) Income Income Income before Income before 150.0 146.9 +3.1 +2.1% 150.0 146.9 +3.1 +2.1% (4.9%) (4.9%) Income Taxes Income Taxes Net Income 98.0 73.4 +24.6 +33.5% Net Income 98.0 73.4 +24.6 +33.5% (3.2%) (2.5%) JPY 90/$ JPY 91/$ -JPY1 JPY 90/$ JPY 91/$ -JPY1 Foreign Foreign Exchange Rate JPY130/Euro JPY129/Euro +JPY1 Exchange Rate JPY130/Euro JPY129/Euro +JPY1 (Unit: Millions of Units) Domestic Car Domestic Car 8.86 8.87 -0.01 -0.1% 8.86 8.87 -0.01 -0.1% Production Production Overseas Car Overseas Car 12.34 11.97 +0.37 +3.1% 12.34 11.97 +0.37 +3.1% Production of Japanese Production of Japanese Manufacturers Manufacturers (3.78) (3.55) (+0.23) (+6.5%) (3.78) (3.55) (+0.23) (+6.5%) (North America) (North America)
Change in FY2011 Income before Income Taxes 07 / 25 (Unit: Billions of Yen) +150.0 +5.8 146.9 -17.0 +21.5 -4.0 Raw material Depreciation -16.0 +28.0 Cost Expense Variable -15.0 Non-operating Cost income increase reduction Labor cost -7.0 +40.0 Income -33.2 Extra-ordinary before loss decrease Production Income volume Others Taxes increase Income Currency before Exchange loss Income Taxes Expense reduction FY10 FY11 F
Return to Shareholders 08 / 25 FY2010 Annual Dividend per Share: Decreased by 13 yen to 27 yen FY2010 Annual Dividend per Share: Decreased by 13 yen to 27 yen FY2010 Annual Dividend per Share: Increase by 5 yen to 32 yen FY2010 Annual Dividend per Share: Increase by 5 yen to 32 yen Dividend (Yen) Net income (Billions of Yen) 244.4 54 205.2 45 40 32 27 13 Year-end 98.0 73.4 Year-end 14 27 Interim 13 Interim -84.1 FY07 FY08 FY09 FY10 FY11 F
Topics 09 / 25 Mid-term Profit Recovery Activities Mid-term Profit Recovery Activities
Mid-term Profit Recovery Activity 10 / 25 Build a Leaner and Stronger Corporate Structure Build a Leaner and Stronger Corporate Structure ■ Profit Recovery Plan ： Reduce fixed costs ■ Efficiency improvement of non-manufacturing sectors by standardization Our Approach for Future Growth: Our Approach for Future Growth: Strengthen business, cost and management Strengthen business, cost and management ■ Technology innovations for fuel efficiency/CO2 reduction Business Business ■ Strengthening of regional competitiveness ■ Low-cost technology Cost Cost ■ Value-added improvement ■ Management to maximize group capability Management Management ■ Challenge mind-set FY10 ： Emphasis on Leaner and Stronger Corporate Structure FY10 ： Emphasis on Leaner and Stronger Corporate Structure FY11 ： Acceleration of Action for Future Growth FY11 ： Acceleration of Action for Future Growth
Mid-term Profit Recovery Plan 11 / 25 Our Approach for Future Growth: Our Approach for Future Growth: Strengthen business, cost and management Strengthen business, cost and management - Technology Innovations for Fuel Efficiency/CO 2 Reduction - - Technology Innovations for Fuel Efficiency/CO 2 Reduction - � Higher Output Internal Combustion Smaller Engine Fuel-efficient Compact Car - Gasoline Direct injection Smaller and Lighter Components - Common Rail System � Stop -Start System Electrification - Improve Starter’s Starting Efficiency and Durability Hybrid Electric Vehicle � Smaller and Lighter Hybrid Components - Improvement of Inverter Example System Approach � Energy Management Systems Fuel Saving through System Collaboration - Heat Energy and Electric Management
Inverter: Standardization and Modularization 12 / 25 Both sides of the power devices New Inverter New Inverter （ DENSO Original ） Inverter Power card heat Lead frame （ elements ） Power device heat Heat sink Conventional Conventional Heat sink Power device Cooling unit Cooling Unit Layers Sandwiching power devices enables heat 放熱 放熱 heat smaller and lighter inverter Both sides of the power devices are Volume Weight soldered to the heat sinks ▲ 20％ (kg) ▲ 20 ％ ( L) Satisfy various output power by 10 20 changing the power card number target target 5 10 Easily used in large and small 0 vehicles with different output levels 0 New Conventional New Conventional
Mid-term Profit Recovery Activity 13 / 25 Our Approach for Future Growth Our Approach for Future Growth - Technology innovations in emerging markets - - Technology innovations in emerging markets - DP-EM (DENSO Project for Emerging Markets) Established in July 2009 Company-wide project team including development, sales, procurement, production and quality management Development process of competitive products that best meet customers’ regional needs Products for emerging markets Local procurement and Local production High Ease of function Cost Needs of car makers Maintain high reliability of drive/turn/stop The Americas ・ Europe ・ Japan Emerging markets Target of 50% cost reduction for 20 products → Achieved 30 percent cost reduction so far Accelerate efforts in finding local suppliers and promote local procurement Acceleration of business-expansion activities
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