Warabeya Nichiyo Holdings Co., Ltd. · TSE:2918
Warabeya Nichiyo — FY2/2024 Earnings Presentation
30 slides from Warabeya Nichiyo's earnings presentation, Apr 11, 2024
Slide 1: Financial Results Briefing, Fiscal Year Ended February 2024
The Fiscal Year Ended February 2024 (From March 1, 2023 to February 29, 2024) Financial Results Briefing April 11, 2024 (2918; Tokyo Stock Exchange, Prime Market)
Slide 2: Overview of Financial Results for FY2/2024
■ Overview of Financial Results for FY2/2024 ■ Financial Forecast for FY2/2025 ■ Initiatives for Sustainable Growth
Slide 3: (Consolidated) Financial Results
Overview of Financial Results for FY2/2024 (Consolidated) Financial Results Achieved record profits - Net sales Reached 200 billion yen for the first time in four fiscal years since FY2/2020 - Operating profit Revisions to product specifications more than offset increases in manufacturing cost FY2/2
Slide 4: Business Segments
Overview of Financial Results for FY2/2024 Business Segments Profit increased in all business segments - The Food Production Business contributed greatly to the profit increase - (Temporary) income from Food Plant and Equipment, Design and Development Business was posted in other businesses Net sale
Slide 5: (Consolidated) Operating profit: Analysis of changes
Overview of Financial Results for FY2/2024 (Consolidated) Operating profit : Analysis of changes Effects of revisions to product specifications more than offset the impact of an increase in manufacturing cost They offset the increase in cost related to new domestic and overseas plants (Domestic: App
Slide 6: (Consolidated) non-operating profit/expenses and extraordinary income/losses
Overview of Financial Results for FY2/2024 (Consolidated) non-operating profit/expenses and extraordinary income/losses (Millions of yen, %) FY2/2023 FY2/2024 Change Operating profit 4,985 6,380 +1,394 Non-operating income 671 909 +238 Non-operating expenses 1,027 464 (563) Ordinary profit 4,628 6,8
Slide 7: (Consolidated) Balance Sheets and Cash Flows
Overview of Financial Results for FY2/2024 (Consolidated) Balance Sheets and Cash Flows Balance Sheets End of FY2/2023 End of FY2/2024 (Total assets ¥92.6 billion) (Total assets ¥101.9 billion) Liabilities Current assets ¥47.6 billion Liabilities ¥31.3 billion Current assets ¥41.1 billion ¥32.3 bill
Slide 8: Financial Forecast for FY2/2025
■ Overview of Financial Results for FY2/2024 ■ Financial Forecast for FY2/2025 ■ Initiatives for Sustainable Growth
Slide 9: (Consolidated) Financial forecast
Financial Forecast for FY2/2025 (Consolidated) Financial forecast An increase in net sales and a decrease in profit are forecast - Net sales Expected to reach a record high, with contribution of new domestic and overseas plants - Operating profit Forecast to decrease due to up-front investment assoc
Slide 10: Consolidated financial forecast: Analysis of changes
Financial Forecast for FY2/2025 Consolidated financial forecast : Analysis of changes A plant reorganization will be considered for improved production efficiency. - Profit from Food Production Business is expected to decrease, mainly due to temporary expenses for plant reorganization, etc. - Utilit
Slide 11: Shareholder return
Financial Forecast for FY2/2025 Shareholder return FY2/2024: Full-year dividend of 90 yen (Up 25 yen YoY, up 20 yen compared to the initial forecast) FY2/2025: Full-year dividend forecast to be 90 yen (Dividend payout ratio: 56.1%) 102.5 69.5 Dividend payout 56.1 ratio(%) 40.4 36.8 26.7 90 90 65 Yea
Slide 12: Initiatives for Sustainable Growth
■ Overview of Financial Results for FY2/2024 ■ Financial Forecast for FY2/2025 ■ Initiatives for Sustainable Growth
Slide 13: Five-Year Medium-term Management Plan (FY2/2024 to FY2/2028)
Initiatives for Sustainable Growth Medium-Term Management Plan Five-Year Medium-term Management Plan (FY2/2024 to FY2/2028) No change to targets for the final fiscal year of the Medium-term Management Plan Operating Net sales ROE profit ¥250 billion ¥10 billion 10% or more 250.0 10.0 10.0 194.4 5.7
Slide 14: Medium-Term Management Plan: Progress
Initiatives for Sustainable Growth Medium-Term Management Plan : Progress Review of the first year of the Medium-term Management Plan (FY2/2024) Both net sales and operating profit exceeded the initial forecast Net sales （Billions of yen） Operating profit （Billions of yen） 250.0 10.0 194.4 207.0 +3.
Slide 15: Medium-Term Management Plan: Trend in profit
Initiatives for Sustainable Growth Medium-Term Management Plan : Trend in profit Temporary expenses for plant reorganization were newly reflected in the Medium-term Management Plan Remained strong mostly toward the target under the Medium-term Management Plan Details Reorganization involving new pla
Slide 16: Initiatives in each business segment
Initiatives for Sustainable Growth Initiatives in each business segment - Plant reorganization Profit improvement - Productivity improvement through automation and efficiency Food improvement, and others Production Business (Domestic) Pursuit of - Building a manufacturing environment that can respon
Slide 17: New plants -- Operation begun in the current fiscal year
Initiatives for Sustainable Growth Food Production Business (Domestic) | New plants -- Operation begun in the current fiscal year Delivery to areas where the business was transferred was begun in stages, with the first transfer made in March this year - The Group's first domestic plant specializing
Slide 18: New plants -- Operations to commence the next fiscal year
Initiatives for Sustainable Growth Food Production Business (Domestic) | New plants -- Operations to commence the next fiscal year Responding to demand for chilled bento, which has continued to grow (Isesaki Plant) Responding to demand - Changes in demand for bento Product manufacturing at Isesaki P
Slide 19: Sales by product
Initiatives for Sustainable Growth Food Production Business (Domestic) | Sales by product Driving changes to the sales portfolio by expanding the range of non-rice products - Building an appropriate sales portfolio that enables us to respond to changes in consumer demand - Strengthening product deve
Slide 20: Summary of U.S. business
Initiatives for Sustainable Growth Food Production Business (Overseas) | Summary of U.S. business U.S. business enhancing presence Net sales target Net sales and number of stores to which products 40 billion yen plus an were delivered in the U.S. additional amount (Million dollars, stores) Fiscal ye
Slide 21: Virginia Plant
Initiatives for Sustainable Growth Food Production Business (Overseas) | Virginia Plant The number of supplied products increased with product development catering to customer needs Released to coincide with the Released after the Future new products commencement of operations commencement of operat
Slide 22: Ohio Plant
Initiatives for Sustainable Growth Food Production Business (Overseas) | Ohio Plant Aim for vertical start-up by horizontally applying expertise cultivated in Virginia Schedule of the Ohio Plant Commencement of Commencement of operations in operations in December 2024 September 2025 Review of layout
Slide 23: Business environment
Initiatives for Sustainable Growth Food Production Business (Overseas) | Business environment Focusing efforts on the U.S. market, which continues to grow United States 7-Eleven, Inc The Group Population trend Number of stores 2022 Strengthening cooperation between (Million people) (Thousands of sto
Slide 24: Group Business: Profitability improvement
Initiatives for Sustainable Growth Group Business | Profitability improvement Strengthening our business foundations for sustainable growth Food Materials Business Logistics Business Increasing added value through processing Response to 2024 issues Expanding the processing business Responding to cha
Slide 25: Sustainability
Initiatives for Sustainable Growth Sustainability Tackling climate change (Material issue: Contribute to a circular society) GHG emissions (t-CO2) Initiatives to reduce GHG emissions and industrial waste emissions (Examples) A device Photovoltaic Biological waste 21% reduction LED lighting for elimi
Slide 26: Appendix
Warabeya Nichiyoripss. Appendix
Slide 27: Quarterly changes in sales and profit (FY2/2025 forecast)
Quarterly changes in sales and profit (FY2/2025 forecast) Time of occurrence of factors for significant quarterly fluctuations and their impacts (YoY/For illustration purposes only) Level of impact in each ■ Positive factor (which increases sales and profit) ■ Negative factor (which decreases sales
Slide 28: Capital expenditures (current outlook)
Capital expenditures (current outlook) Capital expenditures under the Five-Year Medium-term Management Plan Total amount Approx. ¥75.0 billion Breakdown Change to the amount of capital expenditures Approx. ¥50.0 billion Approx. 70% of total investment Present ¥75.0 billion (Vs. initial plan +¥15.0 b
Slide 29: Group Philosophy and Management Principles
Group Philosophy We contribute to the healthy, abundant dietary lives of our customers by providing “safety” together with “products and services of value.” Management Principles We pursue customer needs and encourage innovation. We aspire to a company that earns the trust of society by practicing c
Slide 30: Forward-looking statements
This document contains “forward-looking statements” based on the Company’s plans, forecast, business strategies and policies at the time of preparation. These statements include the Company’s managerial judgments and assumptions made based on information available before its announcement, and actual
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