FY2012 plans for Japanese OEMs: aim for record high sales of 24 million units
The strong yen only allows revenue recovery of 85% and operating profit of 60% to the record highs
2012/06/20
- Summary
- Consolidated sales volume: Record high of 24,256K units is planned for FY2012; 43.3% of the total sales is expected from Asia and other regions
- Revenues: only make up for 85% of the history highest despite the planned increase of 16.9% year-on-year to 52.9 trillion JPY
- Profits: Planned operating profit set at 2.73 trillion JPY, up 92.5% year-on-year; only makes for 60% of the record high
- Factors of improving operating profits: increased revenues and lowered costs make up for two...
- Planned capital expenditures up 35% to 2.5 trillion; Nissan, Suzuki, and Mazda mark their...
Summary
FY2012 is the year in which Japanese OEMs plan to make a comeback from the damages caused by the natural disasters. Their aggressive plans are backed up by the revived subsidy program in the Japanese market and by the expansion of their overseas sales. The FY2012 planned total sales volume for the ten companies is set at 24,256K units, making a great year-on-year leap of 17.7%. This figure tops the highest sales of 22,624K units in FY2007 by 7.2%. Particularly, seven passenger car manufacturers target on expanding their sales in the Asian markets, setting their goals at a 22.6% year-on-year increase to 10,526 units. This will make up for the 43.3% of the worldwide sales. Nissan, Honda, Suzuki, Daihatsu, Fuji Heavy Industries (FHI), and Hino have respectively set their targeted sales volumes at their record high.
The ten automakers are also planning to make aggressive investments on their capital expenditures with a 34.7% year-on-year increase to 2,537 billion JPY in total. Nissan, Suzuki, Mazda, Isuzu, and Hino's spending are planned to reach their record high.
On the other hand, planned consolidated revenues of the ten Japanese OEMs are 52.9 trillion JPY, up 16.9% year-on-year, but this figure is 10 trillion JPY (15.1%) short from the record high of 62.2 trillion JPY. The expected total operating profit for the ten companies which is set at 2.73 trillion JPY, up 92.5% year-on-year, only makes for approximately 60% of the record high due to the appreciating yen.
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Japanese new vehicle sales: eco-car incentives to salvage 2012 sales to 5M units (Feb. 2012)
Japanese OEMs' FY2012 plans
| Automobile sales volume (1,000 units) |
Consolidated revenues (100 million yen) |
Operating profit (100 million yen) |
|||||||
|---|---|---|---|---|---|---|---|---|---|
| FY2011 results |
FY2012 plan |
(Reference) FY2007 results |
FY2011 results |
FY2012 plan |
(Reference) FY2007 results |
FY2011 results |
FY2012 plan |
(Reference) FY2007 results |
|
| Toyota | 7,352 | 8,700 | 8,913 | 185,837 | 220,000 | 262,892 | 3,556 | 10,000 | 22,704 |
| Nissan | 4,456 | 4,920 | 3,698 | 94,090 | 103,000 | 108,242 | 5,458 | 7,000 | 7,908 |
| Honda | 3,137 | 4,300 | 3,925 | 79,481 | 103,000 | 120,028 | 2,313 | 6,200 | 9,531 |
| Suzuki | 2,560 | 2,811 | 2,406 | 25,122 | 26,000 | 35,024 | 1,193 | 1,200 | 1,494 |
| Mazda | 1,016 | 1,090 | 1,240 | 20,331 | 22,000 | 34,758 | (387) | 300 | 1,621 |
| Mitsubishi | 1,072 | 1,208 | 1,337 | 18,073 | 19,800 | 26,821 | 637 | 700 | 1,086 |
| Daihatsu | 940 | 1,001 | 945 | 16,313 | 16,700 | 17,026 | 1,155 | 1,200 | 652 |
| FHI | 640 | 721 | 597 | 15,171 | 18,600 | 15,723 | 440 | 670 | 457 |
| Isuzu | 381 | 506 | 509 | 14,001 | 16,300 | 19,248 | 974 | 1,230 | 1,096 |
| Hino | 129 | 153 | 112 | 13,146 | 14,800 | 13,686 | 375 | 470 | 459 |
| Total | 20,614 | 24,256 | 22,624 | 452,105 | 528,700 | 622,736 | 14,184 | 27,300 | 45,897 |
Source: OEMs' financial flash reports and earnings announcement documents
(Note) "Total" does not include the consolidated data of Daihatsu and Hino to avoid overlaps with Toyota.
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