SUBARU CORPORATION July 31, 2015
Fuji Heavy Industries Ltd.
(Yen in 100 Millions, Units in Thousands)RESULTS FYE2015 Q1 2014. 4-6 | RESULTS FYE2016 1st Qtr 2015.4.1－6.30 | FORECASTS FYE2016 1st Half 2015.4.1－9.30 | FORECASTS FYE2016 Full Year 2015.4.1－2016.3.31 | |||||||
RESULTS FYE2015 Q1 2014. 4-6 | Change | % | Change | % | Change | % | ||||
Net sales | 5,934 | 7,653 | 1,719 | 29.0 | 14,750 | 1,648 | 12.6 | 30,300 | 1,521 | 5.3 |
Japan | 1,162 | 1,245 | 83 | 7.1 | 2,650 | (278) | (9.5) | 5,655 | (874) | (13.4) |
Overseas | 4,772 | 6,408 | 1,636 | 34.3 | 12,100 | 1,925 | 18.9 | 24,645 | 2,395 | 10.8 |
Operating income Profit margin (%) | 787 13.3 | 1,342 17.5 | 555 | 70.5 | 2,440 16.5 | 583 | 31.4 | 5,030 16.6 | 800 | 18.9 |
Ordinary income Profit margin (%) | 806 13.6 | 1,301 17.0 | 495 | 61.4 | 2,400 16.3 | 640 | 36.4 | 4,950 16.3 | 1,014 | 25.7 |
Net income attributable to owners of parent Profit margin (%) | 522 8.8 | 842 11.0 | 319 | 61.1 | 1,630 11.1 | 500 | 44.2 | 3,370 11.1 | 751 | 28.7 |
Change factors in operating income | Gain on currency 500 exchange | Gain on currency 831 exchange | Gain on currency 897 exchange | |||||||
Change factors in operating income | Improvements on 176 model mix, etc | Improvements on 127 model mix, etc | Improvements on 306 model mix, etc | |||||||
Change factors in operating income | Cost reduction 54 effort, etc | Cost reduction 75 effort, etc | Cost reduction 133 effort, etc | |||||||
Change factors in operating income | Increase in SG&A (151) exp, etc | Increase in SG&A (343) exp, etc | Increase in SG&A (401) exp, etc | |||||||
Change factors in operating income | Increase in R&D (24) exp | Increase in R&D (107) exp | Increase in R&D (135) exp | |||||||
Exchange rates JPY/US$ JPY/EUR | 102/US$ 141/EUR | 120/US$ 132/EUR | 119/US$ 129/EUR | 118/US$ 127/EUR | ||||||
Capital expenditures | 280 | 171 | 620 | 1,300 | ||||||
Depreciation and amortization | 127 | 154 | 310 | 670 | ||||||
R&D expenses | 159 | 185 | 470 | 970 | ||||||
Interest bearing debts | 2,574 | 2,011 | 2,000 | 1,800 | ||||||
Performance description | - 4th consecutive year of increases in net sales, operating income and ordinary income. - 3rd consecutive year of increase in net income attributable to owners of parent.(*1) - 1st-qtr records for consolidated unit sales and net sales. - Quarterly records for all profits. | - 4th consecutive year of increases in net sales and all profits. - 1st-half records for consolidated unit sales, net sales and all profits. | - 4th consecutive year of increases in net sales and all profits. - Fiscal year records for consolidated unit sales, net sales and all profits. | |||||||
Consolidated unit sales (Japan) | 27 | 28 | 1 | 3.0 | 67 | (5) | (6.7) | 144 | (19) | (11.4) |
Passenger Cars | 20 | 20 | (1) | (2.5) | 48 | (8) | (14.1) | 107 | (21) | (16.6) |
Minicars | 7 | 8 | 1 | 19.4 | 18 | 3 | 21.2 | 38 | 3 | 7.8 |
Consolidated unit sales (Overseas) | 166 | 197 | 31 | 18.4 | 387 | 27 | 7.4 | 784 | 36 | 4.8 |
North America | 123 | 154 | 31 | 25.3 | 297 | 25 | 9.1 | 600 | 30 | 5.3 |
Europe | 11 | 10 | (1) | (9.1) | 24 | 0 | 0.2 | 50 | 3 | 6.8 |
China | 16 | 10 | (6) | (35.5) | 22 | (7) | (25.1) | 50 | (4) | (7.7) |
Other | 17 | 23 | 6 | 36.4 | 44 | 9 | 25.9 | 84 | 7 | 9.0 |
Consolidated unit sales total | 194 | 225 | 31 | 16.2 | 454 | 22 | 5.1 | 928 | 18 | 1.9 |
Production units total | 211 | 229 | 18 | 8.5 | 453 | 17 | 4.0 | 935 | 21 | 2.2 |
Japan | 169 | 171 | 2 | 1.2 | 344 | 0 | 0.1 | 705 | (2) | (0.3) |
U.S. | 42 | 58 | 16 | 38.1 | 109 | 17 | 18.3 | 230 | 23 | 11.1 |
Net sales by business segment | Automobile | 5,551 | 7,188 | 1,638 | 29.5 | |||||
Net sales by business segment | Aerospace | 292 | 358 | 65 | 22.4 | |||||
Net sales by business segment | Industrial Products | 75 | 90 | 15 | 19.8 | |||||
Net sales by business segment | Other | 16 | 17 | 1 | 5.4 | |||||
Operating income by business segment | Automobile | 752 | 1,288 | 536 | 71.3 | |||||
Operating income by business segment | Aerospace | 26 | 44 | 17 | 65.7 | |||||
Operating income by business segment | Industrial Products | 1 | 2 | 1 | 61.4 | |||||
Operating income by business segment | Other | 7 | 7 | (0) | (3.8) | |||||
Operating income by business segment | Elimination & Corporate | 1 | 2 | 1 | 73.7 |
*1 Starting FYE2016, figures previously reported as "Net Income" are stated as "Net Income Attributable to Owners of Parent".
*2 Exchange Rates are the rates used for FHI's non-consolidated sales recording.
*3 Consolidated Unit Sales include retail sales of Japanese consolidated dealers, wholesale sales of overseas consolidated distributors, and deliveries from FHI to non- consolidated distributors/dealers.
*4 Production in Japan includes production of the 86/FR-S models for Toyota.
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