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4Q13 Earnings Release

th 2014
2012 27
2
1
January
0

All information regarding management performance and financial results of LG Electronics (the Company) during the 4 th
quarter of 2013 as contained herein has been prepared on a consolidated basis in accordance with International Financial
Reporting Standards (IFRS). Please note that starting from January 1, 2013, the Company accounted LG Innotek as a
consolidated subsidiary of the Company pursuant to the enactment of K-IFRS 1110, 'Consolidated Financial Statements'. The
comparative consolidated financial data are restated accordingly.
In addition, the information regarding results of 4th quarter of 2013 has been prepared in advance, prior to being reviewed by
outside auditors, solely for the convenience of investors of the Company, and is subject to change in the process of final
reviewing by external auditors.
The information contained herein includes forward-looking statements in respect to future plans, prospects, and performances
of the Company as well as the Companys projected sales plan for 2014. These forward-looking statements also refer to the
Companys performance on consolidated base, as indicated.
The aforementioned forward-looking statements are influenced by changes in the management environment and relative
events, and by their nature, these statements refer to uncertain circumstances. Consequently, due to these uncertainties, the
Companys actual future results may differ materially from those expressed or implied by such statements.
Please note that as the forward-looking statements contained herein are based on the current market situation and the
Companys management direction, they are subject to change according to the changes in future market environment and
business strategy.
The information contained herein should not be utilized for any legal purposes in regards to investors investment results. The
Company hereby expressly disclaims any and all liability for any loss or damage resulting from the investors reliance on the
information contained herein.

Table of Contents

. Overview
. 4Q13 Results (Consolidated)
. Performance and Outlook by Division

. Overview

Comment on 4Q13 Results

Comment on 1Q14 and FY14 Outlook

4Q13 Results

. 4Q13 Results (Consolidated)

Sales/Profit

Sales

Profit

(Unit : KRW tn)

13.89

3Q13

7.4%

14.92

4Q13

(Unit : KRW bn)

0.8%

14.80
3Q13

4Q13

4Q12

FY13

Operating
Profit

218

238

117

1,285

EBITDA

722

734

579

3,213

Net Profit

109

-64

-478

223

4Q12

* Starting from January 1, 2013, the Company accounted LG Innotek as a consolidated subsidiary of the Company pursuant to the enactment of K-IFRS 1110,
'Consolidated Financial Statements'. The comparative consolidated financial data are restated accordingly.

. 4Q13 Results (Consolidated)


Net Profit

Net Profit

Investment Income
(Unit : KRW bn)

(Unit : KRW bn)

3Q13

4Q13

LG Display

93

34

162

Others

-7

-3

-36

Gain/Loss
Gain/Loss on
on equity
equity
method
investment
method investment

86

31

126

FY13

Gain on equity
method investment
31
100

238

141

Net financial
income/expense

Other non-operating
income/expense

Tax
Op. Profit

92

-64

Net Profit
* Starting from January 1, 2013, the Company accounted LG Innotek as a consolidated subsidiary of the Company pursuant to the enactment of K-IFRS 1110,
'Consolidated Financial Statements'. The comparative consolidated financial data are restated accordingly.

. 4Q13 Results (Consolidated)

Cash Flow Statement

4Q Net* Cash Flow

Cash Flow Statement

(Unit : KRW bn)

Cash In

(Unit : KRW bn)

3Q13

4Q13

FY13

2,011

2,339

2,185

611

652

2,206

Net income/loss

109

-64

223

Depreciation

504

496

1,928

Gain/Loss on equity method investment

-86

-31

-126

Change in working capital

255

326

25

-171

-75

156

-511

-559

-2,386

-442

-410

-1,982

-98

-159

-466

-4

331

228

667

337

237

725

-103

-15

-27

328

306

460

2,339

2,645

2,645

Cash Out
Cash at beginning of period
Cash flow from operating activities

Change in
working capital

31

Gain on equity
method investment

75

Others

326

Others
Cash flow from investing activities

559

Cash flow from


investing activities

Cash flow from financing activities

496

64

Increase in intangible assets


Decrease in cash and cash equivalents
due to changes in scope of subsidiaries

Depreciation

Net Income/
Loss

Increase in tangible assets

15
78
FX effect from
foreign currency
Net *
denominated cash

Increase/Decrease in debt
FX effect from foreign currency
denominated cash
Net changes in cash
Cash at end of period

* Net= Excluding Cash flow from financing activities


* Starting from January 1, 2013, the Company accounted LG Innotek as a consolidated subsidiary of the Company pursuant to the enactment of K-IFRS 1110,
'Consolidated Financial Statements'. The comparative consolidated financial data are restated accordingly.

. 4Q13 Results (Consolidated)

Financial Structure

Balance Sheet

Financial Ratio

(Unit: KRW tn)

Assets

(Unit : %)

4Q12

3Q13

4Q13

34.77

36.41

35.53

16.31

17.42

16.33

2.19
5.07

2.34
5.86

2.65
4.84

Non-Current Assets

18.46

18.99

19.20

Liabilities

22.06

23.53

22.84

Current Liabilities
14.51
Non-Current Liabilities 7.55

15.44
8.09

15.01
7.83

Equity

12.88

12.69

Current Assets
Cash
Inventory

12.71

Debt

8.64

8.97

9.21

Net Debt

6.45

6.63

6.56

4Q12

Total Liability
to Equity

174

Debt to Equity

68

Net Debt
to Equity

51

3Q13

4Q13

183

180

70

73

52

* Starting from January 1, 2013, the Company accounted LG Innotek as a consolidated subsidiary of the Company pursuant to the enactment of K-IFRS 1110,
'Consolidated Financial Statements'. The comparative consolidated financial data are restated accordingly.

52

Performance and Outlook

. Performance and Outlook by Division

Home Entertainment

4Q13 Performance
2013
2
Business Performance
(KRW tn)

Sales: Increased by 18% QoQ due to seasonality, but decreased


by 6% YoY due to decline in market demand

Op. Margin

2.5% 2.9%

LCD TV: Sales increased QoQ due to growth of demand during the peak
season from markets such as North America, Asia, and CIS markets

1.8%
0.0%

Profitability: Improved operating profit margins due to the better

0.3%

product mix from increasing portion of high-end models


such as OLED TV and Ultra HDTV

2014 Outlook

Sales

Market: Expect OLED TV market to pick up from 2014, gradually

6.32
4.96

5.26

5.01

5.93

4Q12 1Q13 2Q13 3Q13 4Q13

becoming the main growth driver of the display business and


replacing the LED TV market . In addition, we expect
Ultra HD TV to penetrate more into the mass market
LGE: Plan to extend distribution network and to strengthen regionally
differentiated marketing activities in order to increase sales of
OLED TV. Also, we plan to improve profitability by strengthening
the line-up of Ultra HD TVs both in the premium and mass-tier
segments
6

. Performance and Outlook by Division

Mobile Communications

4Q13 Performance

Sales: Increased by 28% YoY and by 18% QoQ to KRW 3.6 trillion

Business Performance
(KRW tn)

Achieved 13.2M units of smartphone shipments


- Increased by 54% YoY and 9% QoQ
Improved LTE sales by 110% YoY, 61% QoQ due to the effect of G2 and Nexus5
3G sales increased by 34% YoY but declined QoQ due to accelerated transition
from 3G to LTE and to intensified competition in the market

Op. Margin

4.1%
2.0%

2.0%

Profitability: Although profit improved QoQ due to increase of sales


-1.2%

and better product mix, declined YoY because of higher


brand marketing expense and intensified price
competition in the market

-2.6%
Sales

2014 Outlook

Market: Expect smartphone market to grow continuously, especially


3.59
3.21

2.81

3.12

3.05

for the LTE phone market. However, overall market competition


will be intensified due to diversifying consumers needs and
intensifying price competition as a result of extension of
the mass market

LGE: Plan to improve brand power and market position by promptly


4Q`12 1Q`13 2Q`13 3Q`13 4Q`13

responding to consumers needs by launching market leading


products and enhancing product line-up
7

. Performance and Outlook by Division

Home Appliance

4Q13 Performance

Sales: Decreased by 4% both YoY and QoQ to KRW 2.8 trillion

Business Performance
(KRW tn)

Domestic: Sales increased by 9% YoY due to increased portion of premium


products for washing machines and refrigerators

Op. Margin

3.6%

3.8%

3.7%
2.9%

2.7%

Overseas: Slightly declined YoY due to slow market demand in developing


markets such as Central and South America and India despite
continuously improving sales in North America and China

Profitability: Despite unfavorable FX movements and increasing


marketing expense, profit improved YoY due to stronger
sales of products with high profitability and improving
cost structure
Sales

2014 Outlook

Market: Expect demand to gradually increase in developed markets


2.94

3.19
2.81

2.97

2.84

LGE:
4Q'12 1Q'13 2Q'13 3Q'13 4Q'13

such as North America and Europe as a result of economy


recovery trend of the markets. However, recovery trend
in major developing markets is expected to be limited due to
unfavorable FX movements
Plan to continuously launch market leading products for
washing machines and refrigerators with high energy efficiency
and smart functions.
8

. Performance and Outlook by Division

Air-Conditioning & Energy Solution

4Q13 Performance
Business Performance
(KRW tn)
Op. Margin

Sales : Increased by 8% YoY to KRW 0.7 trillion due to growth of


overseas system air-conditioner sales and increase in
winter season product sales

9.9%

Domestic: Increased by 8% YoY due to strengthened competitiveness of


winter season products such as Airwasher and Steamer
Overseas: Increased by 9% YoY due to increase in sales in North America, and
Central and South America

6.7%

2.0%
1.0%

Profitability: Improved operating profit margins by 1.6%p YoY to 1%


due to increase of sales and continuous improvement of
product mix

-0.6%
Sales

2014 Outlook

Market: Expect improvement in market conditions for developed


countries due to economic recovery while market recovery
in emerging countries is still uncertain. Expect stronger
demand for products with high energy efficiency due to
strengthened energy efficiency regulations

1.73

1.22

0.97

0.72

0.67

4Q`12 1Q`13 2Q`13 3Q`13 4Q`13

LGE: Plan to increase sales by strengthening energy efficient


commercial air-conditioner and inverter type residential
air-conditioner products and by launching competitive new
models that are designed to consider market needs
9

http://www.lg.com

Appendix

Summarized Financial Statements (Parent)

Income Statement

(Unit : KRW bn)


2012
1Q
Sales

2Q

2013

3Q

4Q

Total

6,237.0

100.0%

6,599.6

100.0%

6,487.0

100.0%

6,103.6

100.0% 25,427.2

Domestic

2,090.1

33.5%

2,008.7

30.4%

1,888.2

29.1%

1,846.4

30.3%

Export

1Q

2Q

3Q

4Q

Total

100.0%

6,898.0

100.0%

7,431.7

100.0%

6,835.2

100.0%

6,914.0

100.0% 28,078.9

7,833.4

30.8%

2,242.0

32.5%

2,064.8

27.8%

2,041.5

29.9%

1,741.1

25.2%

8,089.4

100.0%
28.8%

4,146.9

66.5%

4,590.9

69.6%

4,598.8

70.9%

4,257.2

69.7% 17,593.8

69.2%

4,656.0

67.5%

5,366.9

72.2%

4,793.7

70.1%

5,172.9

74.8% 19,989.5

71.2%

Cost of goods sold

4,954.2

79.4%

5,000.5

75.8%

5,053.0

77.9%

4,978.7

81.6% 19,986.4

78.6%

5,568.0

80.7%

5,777.8

77.7%

5,578.2

81.6%

5,725.5

82.8% 22,649.5

80.7%

Gross profit

1,282.8

20.6%

1,599.1

24.2%

1,434.0

22.1%

1,124.9

18.4%

5,440.8

21.4%

1,330.0

19.3%

1,653.9

22.3%

1,257.0

18.4%

1,188.5

17.2%

5,429.4

19.3%

Selling & admin expense

1,200.4

19.2%

1,379.2

20.9%

1,467.3

22.6%

1,347.7

22.1%

5,394.6

21.2%

1,350.3

19.6%

1,519.1

20.4%

1,418.2

20.7%

1,355.7

19.6%

5,643.3

20.1%

82.4

1.3%

219.9

3.3%

-33.3

-0.5%

-222.8

-3.7%

46.2

0.2%

-20.3

-0.3%

134.8

1.8%

-161.2

-2.4%

-167.2

-2.4%

-213.9

-0.8%

Financial income (Expense)

-35.4

-0.6%

-61.6

-0.9%

-76.4

-1.2%

-40.0

-0.7%

-213.4

-0.8%

-34.8

-0.5%

-58.8

-0.8%

-55.2

-0.8%

-51.1

-0.7%

-199.9

-0.7%

Other non operating income (Expense)

346.7

5.6%

-23.7

-0.4%

34.3

0.5%

-429.7

-7.0%

-72.4

-0.3%

88.2

1.3%

-3.0

0.0%

4.2

0.1%

77.2

1.1%

166.6

0.6%

Net profit (Loss) before tax

393.7

6.3%

134.6

2.0%

-75.4

-1.2%

-692.5

-11.3%

-239.6

-0.9%

33.1

0.5%

73.0

1.0%

-212.2

-3.1%

-141.1

-2.0%

-247.2

-0.9%

77.5

1.2%

20.6

0.3%

-11.0

-0.2%

25.5

0.4%

112.6

0.4%

1.3

0.0%

10.9

0.1%

-69.0

-1.0%

-1.3

0.0%

-58.1

-0.2%

316.2

5.1%

114.0

1.7%

-64.4

-1.0%

-718.0

-11.8%

-352.2

-1.4%

31.8

0.5%

62.1

0.8%

-143.2

-2.1%

-139.8

-2.0%

-189.1

-0.7%

Operating income (Loss)

Tax
Net profit (Loss)

* Since this is not an audited nor reviewed report, content may be changed in the future if an auditor has a concern.

10

Appendix

Summarized Financial Statements (Parent)

Balance Sheet

(Unit : KRW bn)


2012
1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

24,335.3

23,510.1

24,648.0

23,832.2

25,232.8

25,068.5

25,096.0

24,971.1

8,454.3

7,612.4

8,617.9

7,547.6

8,637.7

8,305.4

8,191.7

7,853.2

Cash and cash equivalents

1,408.9

875.5

1,508.2

1,114.2

978.2

784.5

937.0

1,298.3

Accounts receivable

5,134.8

4,918.7

5,223.0

4,693.2

5,700.0

5,574.4

5,150.8

4,697.2

Inventory

1,017.6

1,042.1

1,012.2

921.8

1,070.3

1,049.2

1,123.3

916.6

893.0

776.1

874.5

818.4

889.2

897.3

980.6

941.1

15,881.0

15,897.7

16,030.1

16,284.6

16,595.1

16,763.1

16,904.3

17,117.9

Investment

7,892.0

7,918.1

7,950.1

7,950.2

7,953.0

8,010.2

8,034.5

8,006.2

PP&E

5,185.6

5,171.4

5,265.1

5,437.2

5,731.8

5,856.9

5,903.9

6,045.0

906.3

906.3

906.3

962.0

958.7

976.8

1,010.9

1,085.9

1,897.1

1,901.9

1,908.6

1,935.2

1,951.6

1,919.2

1,955.0

1,980.8

13,572.9

12,669.0

13,925.0

13,809.2

15,267.9

14,977.0

15,132.4

15,138.3

Accounts payable

3,936.3

3,810.2

4,223.1

3,995.7

5,071.9

4,734.3

4,677.7

4,327.4

Debt

5,721.5

4,898.3

5,465.3

5,264.3

5,465.7

5,175.5

5,491.2

5,942.2

Other

3,915.1

3,960.5

4,236.6

4,549.2

4,730.3

5,067.2

4,963.5

4,868.7

10,762.4

10,841.1

10,723.0

10,023.0

9,964.9

10,091.5

9,963.6

9,832.8

Assets
Current Assets

Other
Non-current Assets

Intangible assets
Other
Liabilities

Equity

2013

* Since this is not an audited nor reviewed report, content may be changed in the future if an auditor has a concern.

11

Appendix

Summarized Financial Statements (Consolidated)

Income Statement

(Unit : KRW bn)


2012
1Q

2Q

2013

3Q

4Q

Total

1Q

2Q

3Q

4Q

Total

Sales

13204.7 100.0%

13834.6 100.0%

13282.2 100.0%

14801.1 100.0%

55122.6 100.0%

14100.6 100.0%

15232.3 100.0%

13892.2 100.0%

14915.3 100.0%

58140.4 100.0%

Cost of goods sold

10152.1 76.9%

10402.1 75.2%

10032.6 75.5%

11665.3 78.8%

42252.1 76.7%

10966.9 77.8%

11550.4

75.8%

10599.3

76.3%

11604.1

77.8%

44720.7

76.9%

Gross profit

3052.6 23.1%

3432.5 24.8%

3249.6 24.5%

3135.8 21.2%

12870.5 23.3%

3133.7 22.2%

3681.9

24.2%

3292.9

23.7%

3311.2

22.2%

13419.7

23.1%

Selling & admin expense

2650.9 20.1%

2905.8 21.0%

3078.1 23.2%

3018.9 20.4%

11653.7 21.1%

2784.2 19.7%

3202.6

21.0%

3075.1

22.1%

3073.1

20.6%

12135.0

20.9%

Operating income (Loss)

401.7

3.0%

526.7

3.8%

171.5

1.3%

116.9

0.8%

1216.8

2.2%

349.5

2.5%

479.3

3.1%

217.8

1.6%

238.1

1.6%

1284.7

2.2%

Financial income (Expense)

-91.5

-0.7%

-98.9

-0.7%

-115.1

-0.9%

-84.2

-0.6%

-389.7

-0.7%

-79.7

-0.6%

-106.7

-0.7%

-114.7

-0.8%

-99.6

-0.7%

-400.7

-0.7%

Gains (loss) on equity method investment

-51.8

-0.4%

-31.7

-0.2%

61.8

0.5%

108.6

0.7%

86.9

0.2%

-25.6

-0.2%

34.9

0.2%

85.9

0.6%

30.8

0.2%

126.0

0.2%

Other non operating income (Loss)

199.7

1.5%

-161.5

-1.2%

68.4

0.5%

-471.7

-3.2%

-365.2

-0.7%

-67.5

-0.5%

-175.0

-1.1%

-49.7

-0.4%

-141.3

-0.9%

-433.5

-0.7%

Net income before tax

458.1

3.5%

234.6

1.7%

186.6

1.4%

-330.6

-2.2%

548.7

1.0%

176.7

1.3%

232.5

1.5%

139.3

1.0%

28.0

0.2%

576.5

1.0%

Tax

210.6

1.6%

65.6

0.5%

22.1

0.2%

147.6

1.0%

445.9

0.8%

154.6

1.1%

77.0

0.5%

30.8

0.2%

91.5

0.6%

353.8

0.6%

Net income

247.5

1.9%

169.0

1.2%

164.5

1.2%

-478.2

-3.2%

102.8

0.2%

22.1

0.2%

155.5

1.0%

108.5

0.8%

-63.5

-0.4%

222.7

0.4%

Controlled shares

243.7

164.0

156.7

-471.9

92.5

24.2

132.0

84.0

-63.5

176.8

3.8

5.0

7.8

-6.3

10.3

-2.1

23.5

24.5

0.0

45.9

Noncontrolled shares

* Starting from January 1, 2013, the Company accounted LG Innotek as a consolidated subsidiary of the Company pursuant to the enactment of K-IFRS 1110,
'Consolidated Financial Statements'. The comparative consolidated financial data are restated accordingly.
* Since this is not an audited nor reviewed report, content may be changed in the future if an auditor has a concern.

12

Appendix

Summarized Financial Statements (Consolidated)

Balance Sheet

(Unit : KRW bn)


2012
1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

35,241.6

35,166.0

36,533.7

34,766.1

37,146.5

37,192.8

36,413.3

35,528.1

17,305.2

17,204.0

18,304.7

16,308.5

18,301.4

18,067.5

17,423.8

16,325.1

Cash and cash equivalents

3,083.2

2,672.6

3,104.3

2,185.0

2,453.9

2,011.0

2,339.1

2,645.3

Accounts receivable

7,126.6

7,813.3

7,481.9

7,332.8

8,533.4

8,621.1

7,388.1

7,117.4

Inventory

5,283.8

5,071.4

5,970.2

5,074.5

5,525.3

5,524.0

5,857.1

4,838.8

Other

1,811.6

1,646.7

1,748.3

1,716.2

1,788.8

1,911.4

1,839.5

1,723.6

17,936.4

17,962.0

18,229.0

18,457.6

18,845.1

19,125.3

18,989.5

19,203.0

Investment

4,086.6

4,084.4

4,113.5

4,182.9

4,179.6

4,292.2

4,311.2

4,329.6

PP&E

9,590.8

9,578.1

9,766.0

9,889.2

10,265.0

10,390.9

10,221.2

10,342.0

Intangible assets

1,151.7

1,149.9

1,151.5

1,222.3

1,221.6

1,262.7

1,283.9

1,363.7

Other

3,107.3

3,149.6

3,198.0

3,163.2

3,178.9

3,179.5

3,173.2

3,167.7

21,838.2

21,762.1

23,097.5

22,060.4

24,317.4

24,040.2

23,535.0

22,838.7

Accounts payable

5,694.0

5,679.4

6,358.1

5,626.6

6,989.3

6,819.4

6,533.1

5,691.1

Debt

9,528.0

9,096.6

9,173.2

8,638.4

9,396.9

8,902.2

8,974.3

9,211.0

Other

6,616.2

6,986.1

7,566.2

7,795.4

7,931.2

8,318.6

8,027.6

7,936.6

13,403.4

13,403.9

13,436.2

12,705.7

12,829.1

13,152.6

12,878.3

12,689.4

Assets
Current Assets

Non-current Assets

Liabilities

Equity

2013

* Starting from January 1, 2013, the Company accounted LG Innotek as a consolidated subsidiary of the Company pursuant to the enactment of K-IFRS 1110,
'Consolidated Financial Statements'. The comparative consolidated financial data are restated accordingly.
* Since this is not an audited nor reviewed report, content may be changed in the future if an auditor has a concern.

13

Appendix

Divisional Sales (Consolidated)


(Unit : KRW bn)
1Q'12

Home
Entertainment
Mobile
Communications

Sales

5,247.7

5,380.7

Op. Income

150.3

287.3

(%)

2.9%

5.3%

2,497.2

2,321.2

34.5

-27.9

Sales
Op. Income
(%)

Handset

Sales
Op. Income
(%)

Home
Appliance

Sales
Op. Income
(%)

Air Conditioning
& Energy Solution

Others

LGE Consolidated
before including
LG Innotek.
LG Innotek earnings
excluding internal transactions
LGE Consolidated

2Q'12

3Q'12
5,383.9

4Q'12

'12 Total

6,319.0

22,331.3

29.2

0.8

467.6

0.5%

0.0%

2.1%

2,447.6

2,811.6

10,077.6

-3.8

56.5

59.3

1Q'13
4,959.3

2Q'13

3Q'13

4Q'13

5,258.3

5,007.0

5,927.5

13.4

92.7

124.4

174.3

0.3%

1.8%

2.5%

2.9%

3,209.7

3,123.1

3,045.4

3,591.5

132.8

61.2

-79.7

-43.4

1.4%

-1.2%

-0.2%

2.0%

0.6%

4.1%

2.0%

-2.6%

-1.2%

2,452.0

2,286.2

2,423.1

2,779.3

9,940.6

3,202.3

3,123.1

3,045.4

3,591.5

31.0

-30.4

-4.7

55.5

51.4

132.5

61.2

-79.7

-43.4

1.3%

-1.3%

-0.2%

2.0%

0.5%

4.1%

2.0%

-2.6%

-1.2%

2,535.7

2,875.3

2,867.5

2,942.3

11,220.8

2,806.7

3,187.8

2,967.2

2,839.3

143.3

183.7

122.0

80.2

529.2

101.7

121.3

109.2

83.4

QoQ

YoY

18%

-6%

`13 Total
21,152.1
1.9%

18%

28%

12,969.7
0.5%

18%

29%

12,962.3

30%

70.6
0.5%
-4%

-4%

11,801.0

5%

415.6

6.4%

4.3%

2.7%

4.7%

3.6%

3.8%

3.7%

2.9%

1,463.8

960.5

668.8

4,298.8

1,216.6

1,733.5

973.2

719.7

Op. Income

77.4

91.1

20.5

-4.2

184.8

81.7

171.0

19.5

7.3

279.5

(%)

6.4%

6.2%

2.1%

-0.6%

4.3%

6.7%

9.9%

2.0%

1.0%

6.0%

Sales

741.6

818.0

716.3

755.6

3,031.5

709.0

748.7

654.1

663.7

Op. Income

-29.3

-25.9

-20.9

-25.2

-101.3

3.4

-3.0

-12.4

-13.9

3.5%
-26%

1%

8%

-12%

4,643.0

2,775.5

8%

-8%

-25.9

12,227.9

12,859.0

12,375.8

13,497.3

50,960.0

12,901.3

14,051.4

12,646.9

13,741.7

Op. Income

376.2

508.3

147.0

108.1

1,139.6

333.0

443.2

161.0

207.7

1,144.9

(%)

3.1%

4.0%

1.2%

0.8%

2.2%

2.6%

3.2%

1.3%

1.5%

2.1%

Sales

976.8

975.6

906.4

1,303.8

4,162.6

1,199.3

1,180.9

1,245.3

1,173.6

Op. Income

25.5

18.4

24.5

8.8

77.2

16.5

36.1

56.8

30.4

Sales

29%

70.9

5.7%

Sales

-5%

404.8

1,205.7

Sales

YoY

9%

-6%

2%

-10%

53,341.3

4,799.1

5%

15%

139.8

13,204.7

13,834.6

13,282.2

14,801.1

55,122.6

14,100.6

15,232.3

13,892.2

14,915.3

Op. Income

401.7

526.7

171.5

116.9

1,216.8

349.5

479.3

217.8

238.1

7%

1%

58,140.4
1,284.7

(%)

3.0%

3.8%

1.3%

0.8%

2.2%

2.5%

3.1%

1.6%

1.6%

2.2%

5%

* Due to the establishment of Vehicle Components division(VC), the divisional financial data has been restated accordingly.
* Since this is not an audited nor reviewed report, content may be changed in the future if an auditor has a concern.

14

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