The Japanese domestic net sales of the third quarter (April 2012 to December 2012) increased by ¥65.4 billion (9.5%) to ¥749.7 billion compared to the corresponding period of the previous fiscal year. As for the overseas, the net sales decreased by ¥40.6 billion (3.6%) to ¥1,073.1 billion year-on-year mainly because of the impact of the exchange conversion due to the yen appreciation, and the economic stagnation in Europe. As a result, the overall consolidated net sales increased by ¥24.8 billion (1.4%) to ¥1,822.8 billion year-on-year.
In terms of the consolidated income, the operating income increased by ¥5.2 billion (5.9%) to ¥92.9 billion year-on-year, and the ordinary income increased by ¥4.9 billion (5.2%) to ¥101.3 billion year-on-year. The Group was able to increase the operating income by covering the factors of income decrease such as the impact of the exchange rate and the decrease of sales in Europe, with the factors of income increase such as the increase of Japanese domestic automobile sales and cost reduction.
Net income increased by ¥7.8 billion (19.2%) to ¥48.4 billion year-on-year, although there was allocation of ¥15.5 billion for provision for loss on liquidation of subsidiaries and affiliates as an extraordinary loss.
In the automobile business, the Japanese domestic net sales increased year-on-year, as a result of expanding its sales and strengthening the products such as by the launch of the new WagonR. The overseas net sales decreased year-on-year mainly because of the impact of the exchange conversion due to the yen appreciation, and the decrease of sales in Europe. As a result, the overall net sales of the automobile business increased by ¥52.3 billion (3.3%) to ¥1,626.5 billion year-on-year. The operating income increased by ¥13.0 billion (15.2%) to ¥98.8 billion year-on-year to mark the highest operating income ever for the third quarter, mainly due to the increase of income in India, Indonesia, and the Japanese domestic automobile business.
In the motorcycle business, the net sales decreased by ¥25.5 billion (13.5%) to ¥163.3 billion year-on-year mainly due to the decrease of sales in Europe and Asia. As for the operating income, the operating loss of ¥2.8 billion in the corresponding period of the previous fiscal year became an operating loss of ¥10.0 billion.
In the marine and power products, etc. business, the net sales decreased by ¥2.0 billion (5.8%) to ¥33.0 billion year-on-year mainly due to the decrease of exports to Europe. The operating income decreased by ¥0.6 billion (13.3%) to ¥4.1 billion year-on-year.
As for the operating results by geographical areas, Japan and Asia increased sales and income due to the increase of automobile sales. Although Japan is having difficulty in export profitability, it marked the highest operating income ever for the third quarter due to the increase of income in the Japanese domestic automobile business. Following the second quarter, Europe marked an operating loss due to the persisting economic stagnation.
As for the forecasts for the consolidated operating results, as a result of reviewing figures such as the foreign exchange rate, the Group has made an upward revision for the full year forecasts of the operating and the ordinary income. There is no change to the target of the net income from the previous forecast because there was allocation of ¥15.5 billion for provision for loss on liquidation of subsidiaries and affiliates as an extraordinary loss in the third quarter.
The Group will work as one to reform in every field to accomplish more than the below forecasts for the consolidated operation by pursuing the business activity.
(Forecasts for the consolidated operating results-Full Year) | |
---|---|
Net Sales | ¥2,600.0 billion (up 3.5% year-on-year) |
Operating Income | ¥130.0 billion (up 9.0% year-on-year, up ¥10.0 billion from the previous forecast) |
Ordinary Income | ¥145.0 billion (up 11.1% year-on-year, up ¥10.0 billion from the previous forecast) |
Net Income | ¥70.0 billion (up 29.9% year-on-year) |
(Foreign Exchange Rate) | ¥81/US$ (Jan.-Mar. ¥85/US$) |
¥105/Euro (Jan.-Mar. ¥115/Euro) |
For more information, please click here.