The consolidated net sales of the second quarter (April 2013 to September 2013) increased by ¥143.4 billion (11.7%) to ¥1,370.2 billion compared to the corresponding period of the previous fiscal year, owing to increase in Asia and Europe. The Japanese domestic net sales decreased by ¥10.8 billion (2.1%) to ¥504.3 billion year-on-year mainly due to decrease of OEM sales. The overseas net sales increased by ¥154.2 billion (21.7%) to ¥865.9 billion year-on-year.
In terms of the consolidated income, the operating income increased by ¥24.2 billion (36.5%) to ¥90.3 billion year-on-year, the ordinary income increased by ¥22.4 billion (32.0%) to ¥92.4 billion year-on-year, and the net income increased by ¥9.8 billion (23.3%) to ¥51.7 billion year-on-year. The Group was able to increase the operating income such as by increase of income in the automobile business and improvement of profit in the motorcycle business.
Each income amount and income margin of the operating income, the ordinary income, and the net income became the highest ever for the second quarter.
As for the interim cash dividends, the Company decided to pay 10 yen per share (8 yen per share in FY2012 interim dividends), an increase of 2 yen per share from the latest forecast, on the basis that consolidated operating results for FY2013 Second Quarter largely improved from the corresponding period of the previous fiscal year.
In the automobile business, the Japanese domestic market strengthened its products to expand the sales by newly introducing mini passenger vehicles Spacia Custom and Lapin Chocolat, and mini truck Carry, and setting up a new range equipped with advanced safety technology to the WagonR and the Spacia. As for the overseas, the Ertiga in Indonesia and the Swift in Thailand are enjoying great sales, and the sales in India increased year-on-year. Under these circumstances, the net sales of the automobile business increased by ¥114.4 billion (10.5%) to ¥1,203.5 billion year-on-year. The operating income increased by ¥17.9 billion (25.8%) to ¥87.1 billion year-on-year, marking the highest ever operating income for the second quarter.
In the motorcycle business, the net sales increased by ¥25.9 billion (22.9%) to ¥138.6 billion year-on-year mainly owing to increase of sales in Europe and North America. There was operating profit of ¥1.7 billion during the period from July to September, and the operating loss of ¥5.9 billion in the second quarter of the previous fiscal year (April 2012 to September 2012) also shrunk to operating loss of ¥1.0 billion, owing to improvement of export profit from Japan.
In the marine and power products, etc. business, the net sales increased by ¥3.1 billion (12.2%) to ¥28.1 billion year-on-year, and the operating income increased by ¥1.4 billion (49.8%) to ¥4.2 billion year-on-year.
As for the operating results by geographical areas, Japan and Asia marked the highest ever operating income for the second quarter.
As for forecasts for the consolidated operating results, the Group has revised the forecasts as per below, as a result of reviewing figures such as foreign exchange rate and sales units.
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||¥2,800.0 billion
(up 8.6% year-on-year, unchanged from the previous forecast)
|Operating Income||¥170.0 billion
(up 17.6% year-on-year, up ¥5.0 billion from the previous forecast)
|Ordinary Income||¥180.0 billion
(up 15.7% year-on-year, unchanged from the previous forecast)
|Net Income||¥100.0 billion
(up 24.4% year-on-year, unchanged from the previous forecast)
|(Foreign Exchange Rate)||¥97/US$
¥0.94/100 Indonesian Rupiah
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