In this fiscal year (April 2012 to March 2013), the Japanese domestic net sales exceeded ¥1 trillion for the first time, which increased by ¥54.1 billion (5.5%) to ¥1,040.9 billion compared to the previous fiscal year. As for the overseas, the net sales increased by ¥12.0 billion (0.8%) to ¥1,537.4 billion year-on-year by covering the impact of the exchange conversion due to the yen appreciation, and the economic stagnation in Europe, such as with the increase of automobile sales in Asia. As a result, the consolidated net sales of the FY2012 (April 2012 to March 2013) increased by ¥66.1 billion (2.6%) to ¥2,578.3 billion year-on-year.
In terms of the consolidated income, the operating income increased by ¥25.3 billion (21.2%) to ¥144.6 billion year-on-year, and the ordinary income increased by ¥25.0 billion (19.2%) to ¥155.6 billion year-on-year. The Group was able to increase the operating income by covering the factors of income decrease such as the sales decrease in Europe and the impact of the exchange rate, with the factors of income increase such as the increase of automobile sales in Japan and Asia, and cost reduction. Net income became the highest ever, which increased by ¥26.5 billion (49.2%) to ¥80.4 billion year-on-year. Although there was loss on liquidation of subsidiaries and affiliates in connection with the winding down of automobile marketing business in the U.S., the Group was able to increase the net income by covering the loss.
The year-end dividends is scheduled to be up by ¥2.00 per share from the previous forecasts to ¥10.00 per share (previous year-end dividends was ¥8.00 per share). As a result, the annual dividends will be ¥18.00 per share, up by ¥3.00 per share from the previous fiscal year.
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 and Spacia. As for the overseas, the net sales increased year-on-year by covering the sales decrease in Europe and the impact of the exchange conversion due to the yen appreciation, with the sales increase in Asia. As a result, the overall net sales of the automobile business increased by ¥88.8 billion (4.0%) to ¥2,297.8 billion year-on-year. Operating income increased by ¥36.1 billion (31.5%) to ¥150.6 billion year-on-year, 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 ¥24.5 billion (9.6%) to ¥230.3 billion year-on-year, mainly due to the sales decrease in Europe and Asia. As for the operating income, the operating loss of ¥2.4 billion in the previous fiscal year became an operating loss of ¥11.9 billion.
In the marine and power products, etc. business, the net sales increased by ¥1.8 billion (3.6%) to ¥50.2 billion year-on-year. Operating income decreased by ¥1.3 billion (17.7%) to ¥5.9 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 exports to areas such as Europe decreased, operating income in Japan became the highest ever, mainly due to the increase of the Japanese domestic automobile sales, and cost reduction. As for Europe, where the economic stagnation continues, although the fourth quarter (January to March 2013) turned into the black, the full year became an operating loss because the operating loss of the first three quarters (April to December 2012) could not be recovered.
As for the next fiscal year, while the exchange environment is improving and the sales in the growing markets such as India and ASEAN are increasing, increase of depreciation and research and development expenses due to increased investments to support those growths would be expected. But the Group will work as one to reform in every field to accomplish more than the below forecasts for the consolidated operation by developing the business activity.
|(Forecasts for the consolidated operating results-Full Year)|
|Net Sales||¥2,800.0 billion (up 8.6% year-on-year)|
|Operating Income||¥150.0 billion (up 3.8% year-on-year)|
|Ordinary Income||¥165.0 billion (up 6.0% year-on-year)|
|Net Income||¥90.0 billion (up 12.0% year-on-year)|
|(Foreign Exchange Rate)||¥90/US$
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