Consolidated Financial Results for Fiscal 2016 (As of March 2017)

Transcription

1 Consolidated Financial Results for Fiscal 2016 (As of March 2017) May 16, 2017 Clarion Co., Ltd.

2 1.Outline of Consolidated Financial Results for Fiscal Medium Term Management Plans 3.Medium Term Business Strategies <March 2018 March 2020> 2

3 1.Outline of Consolidated Financial Results for Fiscal Medium Term Management Plans 3.Medium Term Business Strategies <March 2018 March 2020> 3

4 Consolidated Financial Results (Unit: 100 Million Yen) Result F2015 Result F2016 (Plan F2016) Revenues 2,162 1,948 (2,000) Adjusted Operating Income (100) Earnings Before Income Taxes (90) Net Income (65) Dividend 3 yen 3 yen - Inventory (T.O. Days) 224 (37.8 days) 205 (38.4 days) Net Interest Bearing Debts Shareholding by Parent Company - (28.8%) (33.8%) (% of the same) Free Cash flow Exchange Rate (Average during fisc. period) US$= 120 US$= 108 (US$= 110) EUR= 133 EUR= 119 (EUR= 120) - 4

5 Sales Revenue by Segments Revenue (Unit: 100M yen) 2500 Ex. Rate Impact % 15% Safety & Information (SI) % 47% Connectivity Navigation Display Audio % 38% Audio+Others 0 Fiscal 2015 Fiscal

6 Year on Year Comparison (Adjusted Operating Income) Unit:100M yen) Adjusted Operating Income: /3 Adjusted Operating Income Impact from less sales 31 impacts from price fluctuations 30 Impact from foreign exchange rate 2 Wasted cost 32 Product Mix 32 Reduction of variable expenses Reduction of fixed expenses 17/3 Adjusted Operating Income 6

7 Management Plans for Fiscal 2017 (Consolidated) (Unit: 100M yen) Fiscal 2017 Revenues 2,000 Adjusted Operating Income 105 Earnings Before Income Taxes 100 Earnings Attributable to Clarion Co., Ltd. Stockholders 70 Dividend - Foreign Exchange Rate US$110 EUR120 7

8 1.Outline of Consolidated Financial Results for Fiscal Medium Term Management Plans 3.Medium Term Business Strategies <March 2018 March 2020> 8

9 Management Policy Innovative changes in business portfolio to be In-vehicle system solution provider Management Targets Fiscal 2019 Revenues: more than 225 Billion Yen Consolidated Adjusted Operating Income Ratio: more than 5% 9

10 1.Outline of Consolidated Financial Results for Fiscal Medium Term Management Plans 3.Medium Term Business Strategies <March 2018 March 2020> 10

11 Product Strategies In-Vehicle information system Audio+Others Fiscal 2016 CAGR 3.7% Safety & Information (SI) 1,948 2,250 Fiscal 2019 Basic Policies Safety & Information Reinforcement and Enhancement of Sensor- Technology Products In-Vehicle information system(ivi) Enhancement of IVI with new Platforms Smart Cockpit Systems Audio Others Enhancement of Competitiveness for Products with more Added Values. (Full Digital Sound) 11

12 In-Vehicle information system OT x IT x Product (Integration of In-Vehicle Devices with IT) 1 Offering of Cloud-based Services Hitachi s IoT Platform(Lumada) 2 Partnership with IT Enterprises Services for more Safety/Security 3 New Services incorporating Sensor-Technologies Enlargement of Customer-basis with OT Exerting efforts for system proposals deploying invehicle information devices adapted to requirements of automobile-related industries Keywords for Autonomous Driving Awareness Clarion Hitachi Automotive Systems H Recognition Judgement Control 12

13 In-Vehicle information system Market Trends(Car HMI Trends) Increased Importance of HMI due to Autonomous Driving Balancing of Comfort/Convenience and Safety/Security Autonomous At present Level2 (Driving (Automatized Assistance) Compound functions) Driver s responsibility 2021~ Level3 (Semi-Autonomous) 3 sec. after notification 10sec. after notification 2025~2030 Level4 (Fully Autonomous driving) Full Responsibility of the vehicle Manual Safety Paradigm Shift Comfort Trend of HMI Notification of Driving Support Information Simultaneous Information Information to give feeling of Safety/Security Active use of in-vehicle time) Increased needs for HMI that are not disturbing/bothering in-vehicle time Product Trend Standalone device Instrument Panels Cockpits Cabins 13

14 In-Vehicle information system AI related Technologies Smart Cockpit Concept Offering of Seamless Mobile Experience in In-Vehicle Environment and Living Environment Data Processing Location Information Prediction of Moving Objects Technologies to Coordinate with Infrastructure Security-related Technologies Comprehensive HMI Technologies Sound/Vibration -related Technologies Camera-related Technologies 14

15 In-Vehicle information system HMI Concept New Platforms ~ to be a Smart Agent ~ Increase in needs for evolved system-oriented HMI, capable of dealing with displays of various information and operations as the vehicle HMI changes pursuing evolution of the vehicles to autonomous driving and connected cars. For the Next Generation Cockpits Application to system-oriented HMI capable to deal with displays of various information and operations Free and Simple All the Time IVI to realize HMI to call out wanted screens to see and/or operate 15

16 2nd Generation of IT <Be connected ~ Solution> Offering of Solutions to Realize Comfortable in-vehicle Environments connecting Living Environments and Mobile Environments seamlessly Environment/ Time of Living Cloud-related Technologies Personalized Seamless Service Smart Cockpit offer Experience in Mobile Environment Seamlessly Service Service Service Comprehensive HMI Technologies Smart Real Interactive HMI IVI/Sound/Vibration related Technologies Environment/Time of movement Safety and Information Related Technologies 16

17 Safety and Information Automatic Parking Systems Automatic Parking, combining Braking and Accelerating Operations in addition to Steering Functions Information Systems Image Recognition and Vehicle Control Systems Vehicle Control Signals Cloud Service C2X ECU Actuators Control signals Smart Accesses AVN, IVI Clarion HMI Smart Cockpit CAN Smart Cockpit V-CAN Camera ECUs Sonar ECU ADAS Radar ECU Stereo Cameras Feedback of Results recognition ECU ECU ECU Clarion Hitachi Automotive Systems Hitachi Ltd. R&D Organizations of Hitachi SurroundEye Remote AP Valet Full Auto Parking Intelligent PA <2007> <2013><2017> Sonar Sonar S-phone App Wireless com Sonar S-phone App Wireless com AP Sonar S-phone App Wireless com <2020> <2021> <2022> Cloud 17

18 Audio Unique Sound/HMI Technologies Full Digital Sound Systems for Automobiles Backed up by innovative technologies, the system has realized compatibility of pure sound which only full digital systems can offer, and environmental considerations. On sale in retail markets in Japan, Americas, Europe and Australia. Full Digital Sound Headphones Awarded with: Red Dot Design Award, Product Design 2017 if Design Award 2017 HMI Technologies Clarion Z-tune Screen 4 X Split Navigation Screens (Reference Only) Remote Parking Preview Screen 18

19 To be In-Vehicle Information System Provider We support drivers safe driving and efficient operations through vehicle mounted devices and related solutions. Solutions for Insurance Services Collection of driving and driving behavior data to make diagnoses for drivingdriving diagnoses to be utilized in insurance contracts Solutions for Traffic Control Service Solutions for Garbage Trucks Transmission of still-pictures at rapid deceleration, applicable to vehicle location management and daily operation reports Support for registering collecting points, setting up and management of collection routes 19

20 Brand Promise By keeping you connected to sound, Information, Convenience and safety,...clarion moves you 20