Consolidated Financial Results
for the Nine Months Ended
December 31, 2019

February, 2020
©DaikyoNishikawa Corporation All rights reserved.

DaikyoNishikawa Corporation

Table of Contents

 Financial Results

Page 2

 Financial Forecast for Fiscal 2019

Page 9©DaikyoNishikawa Corporation All rights reserved.

P.1

 Financial Results©DaikyoNishikawa Corporation All rights reserved.

P.2

Consolidated Profit and Loss Statement
Although sales increased due to good sales to major customers, decreased income
due to the cost of work style reform expenses and depreciation expenses increase,production cutback in Mexico and new vehicle launch costs(Millions of Yen)

Nine Months
Ended
Dec. 31, 2018

Nine Months
Ended
Dec. 31, 2019

Changes(Y on Y)

Changes (%)

Net Sales

134,019

137,311

3,292

2.5%

Operating Income

10,648

6,918-3,730-35.0%

Ordinary Income

10,9197,246-3,672-33.6%

Profit Attributableto Owners ofParent

7,798

4,871-2,926-37.5%

Operating Profit
Margin7.9%

5.0%-2.9Pts－Net Income per
Share110.07yen

68.76yen-41.31yen－©DaikyoNishikawa Corporation All rights reserved.

P.3Highlights【Third Quarter Results】■Sales increased year on year due to increased sales to major
customers.
■Profit reduced due to the implementation cost of various measures
for work style reform, an increase in depreciation expenses due tothe start of partial operation of the headquarters plant, andproduction cutback in Mexico/new vehicle launch costs.

©DaikyoNishikawa Corporation All rights reserved.

P.4

Net sales increase or decrease factor(Millions of Yen)
138,000△324
137,000

△316

3,770

136,000
135,000

163
134,000

137,311133,000
132,000

134,019

131,000
130,000©DaikyoNishikawa Corporation All rights reserved.

要具
売
上

その他
売
上

P.5

為替
影
響

20.3

19.3
期
売
上
高製品
売
上

期
売上
高Operating income increase or decrease factor(Millions of Yen)
12,00010,000△1,730813△1,163

△645

8,000

82
△1,0876,000

10,6484,000

6,918
2,0000

品
構
成

要
具
利益

©DaikyoNishikawa Corporation All rights reserved.

コス
ト改
善／
悪化

減
価
償
却費

P.6

為替
影
響

その他
費
用

20.3

19.3
期
営
業
利益

台
数・製

期
営
業
利益

Sales by Segment
Sales increased in Japan and ASEAN segments,
but slowed in China/Korea and Americas segments(Millions of Yen)

Nine Months
Ended
Dec. 31, 2018

DomesticJapan

Changes(Y on Y)

Changes(%)

105,193(78.5)

110,273(80.3)

5,080(1.8Pts)

4.8%

China/Korea

6,395

4,606

-1,789-28.0%

ASEAN

8,832

10,433

1,601

18.1%

Americas13,598

11,998-1,600-11.8%

Overseas
TTL

28,826(21.5)

27,038(19.7)-1,787(-1.8Pts)

134,019

137,311

3,292(component ratio)

Overseas

Nine Months
Ended
Dec. 31, 2019

(component ratio)

Total©DaikyoNishikawa Corporation All rights reserved.

P.7-6.2%
2.5%

Operating Income by Segment
Decreased profit except ASEAN segment due to fixed cost increase
and impact of lower sales(Millions of Yen)

Domestic

Overseas

Nine Months
Ended
Dec. 31, 2018

Nine Months
Ended
Dec. 31, 2019

8,847
(76.4)

5,985(80.3)(3.9Pts)

China/Korea

502

452-49

-9.9%

ASEAN

1,088

1,307

219

20.1%

Americas1,144-290-1,434-

OverseasTTL

2,735(23.6)

1,469(19.7)-1,265(-3.9Pts)

11,5827,454-4,128

Japan(component ratio)(component ratio)

Total©DaikyoNishikawa Corporation All rights reserved.

P.8

Changes(Y on Y)-2,861

Changes(%)-32.3%-46.3%-35.6%

 Financial Forecast for Fiscal 2019

©DaikyoNishikawa Corporation All rights reserved.

P.9

FY2019 Forecast

Made an amendment on Nov. 13, 2019 forecast(Millions of Yen)FY2019Forecast(as of Nov.14th)

FY2019Forecast(Amended)

Changes

Changes(%)

Net Sales

189,000

183,000-6,000-3.2%

Operating Income

10,4009,200-1,200-11.5%

Ordinary Income

10,5009,600-900-8.6%

Profit Attributable toOwners of Parent

6,700

6,000-700-10.4%

Operating Profit Margin

5.5%

5.0%

-0.5Pts－Net Income per Share

94.56yen

84.68yen-9.88yen-10.4%©DaikyoNishikawa Corporation All rights reserved.

P.10

Capital Investment/Depreciation/R&D Cost
≪Capital Investment≫※FY2019: Plan

35
(Billions of yen)

≪R&D Expenses≫≪Depreciation≫※FY2019: Plan
(Billionsof yen)
14

※FY2019: Plan

5(Billions of yen)

30
27.0

124
11.0

25

10

9.3

9.1

20
15.4

15
108

16.4
13.1

3.3

3.2

9.5
9.0

3

2.9

2.9

3.0

3.0

7.9

7.8

2.3

13.7

62

9.2
7.2

50

Capital investment for the head
office / Honsha plant has been
delayed to FY2018

41200

Depreciation of Honsha plant
started in FY2019©DaikyoNishikawa Corporation All rights reserved.

P.11

Higher development costs fornext-generation productsImportant Information
This presentation material contains certain statements describing the future plans, strategies
and performance of DaikyoNishikawa Corporation and its consolidated subsidiaries. Thesestatements are not based on historical or present fact, but rather assumptions and estimates
based on information currently available. These future plans, strategies and performances aresubject to known and unknown risks, uncertainties and other factors. DaikyoNishikawa
Corporation’s actual performance, business activities and financial position may differ materiallyfrom the assumptions and estimates provided on account of the risks, uncertainties and otherfactors. The information contained on this presentation should not be considered as an offer, orsolicitation, to deal in any of the investments or funds.

Contact
DaikyoNishikawa Corporation
PR/CSR Department
Phone: +81-82-493-5610©DaikyoNishikawa Corporation All rights reserved.