Konishi Co., Ltd. · TSE:4956
Konishi — H1 FY March 2025 Earnings Presentation
19 slides from Konishi's earnings presentation, Nov 28, 2024
Slide 1: Consolidated Financial Results for the First Half Year Ended September 30, 2024
Consolidated Financial Results for the First Half Year Ended September 30, 2024 1. Summary of Financial Results for the Six Months Ended September 30, 2024 2. Consolidated financial forecast for the fiscal year ending March 31, 2025 and key initiatives 3. Implementation of capital policy and capital
Slide 2: 1. Summary of Financial Results for the Six Months Ended September 30, 2024
1. Summary of Financial Results for the Six Months Ended September 30, 2024 1
Slide 3: Six Months Ended September 30, 2024 - Summary of Results
Six Months Ended September 30, 2024 - Summary of Results ・Net sales increased while profit decreased but remained above the initial plan. (Unit: Million yen) Six months Six months ended Six months ended Year-on- Relative ended Sep. 30, Sep. 30, 2024 Sep. 30, 2024 year basis change 2023 Actual Plan A
Slide 4: Historical Net Sales and Operating Profit (First Half of Each Year)
Historical Net Sales and Operating Profit (First Half of Each Year) Note: The “Accounting Standard for Revenue Recognition” has been applied. (Unit: 100 Million yen) Net sales 653 657 581 539 498 2021.3 2Q 2022.3 2Q 2023.3 2Q 2024.3 2Q 2025.3 2Q Operating profit 49 48 34 26 28 3 2021.3 2Q 2022.3 2Q
Slide 5: Consolidated Financial Results by Segment (Year-on-Year Comparison)
Consolidated Financial Results for the Six Months Ended September 30, 2024, by Segment (Year-on-Year Comparison) Net sales Operating profit (Unit: Million yen) ・ Bond: Increase due to growth in new sales and price increase ・ Bond: Increase due to growth in new sales and price ・ Chemicals: Decrease d
Slide 6: Main Causes for Changes in Operating Profit
Six Months Ended September 30, 2024 - Main Causes for Changes in Operating Profit (Unit: Million yen) ・Bond and Chemicals profits made steady progress, but there were fewer completed projects in Construction during the period under review, resulting in a slight decrease in profit overall. -52 (-1.1%
Slide 7: Net Sales by Industry (Bond)
Net Sales by Industry (Bond) (Unit: Million yen, % in () comparison with the previous year) *Including internal transactions. 36,412 (+2.9%) Wall Bond Industry Co., Ltd. (Group) 35,384 Renovation applications made steady progress despite impact 1,486 (-0.5%) of decline in housing starts 1,494 5,061
Slide 8: Net Sales by Industry (Chemicals)
Net sales of this segment are presented before the application of Net Sales by Industry (Chemicals) revenue recognition for net sales by industry because of the significant impact of the application of the revenue recognition standards. (Unit: Million yen, % in () comparison with the previous year)
Slide 9: Net Sales by Industry (Construction)
Net Sales by Industry (Construction) (Unit: Million yen, % in () comparison with the previous year) *Including internal transactions. 10,969 (+7.5%) 10,199 649 (-12.1%) Chushin Construction Co., Ltd. (Group) Sales decreased due to postpone of construction projects 738 and lack of large-scale project
Slide 10: 2. Consolidated financial forecast for the fiscal year ending March 31, 2025 and key initiatives
2. Consolidated financial forecast for the fiscal year ending March 31, 2025 and key initiatives 9
Slide 11: Plan for the fiscal year ending March 31, 2025
Plan for the fiscal year ending March 31, 2025 ・Although profit in the first half was lower year on year, profit in the second half is expected to increase. (Unit: Million yen) Fiscal year ended Fiscal year ending Year-on-year March 31, 2024 March 31, 2025 basis Full term actual Full term plan Net s
Slide 12: Key business strategy initiatives for Medium-Term Management Plan 2027: Bond business
Key business strategy initiatives for Medium-Term Management Plan 2027 Bond business (manufacturing) [1] Promotion of new development of industrial applications ・ Expansion of customers for elastic adhesives and other products for use in the electric and electronics, and automotive segments, which a
Slide 13: Key business strategy initiatives for Medium-Term Management Plan 2027: Chemicals and Construction
Key business strategy initiatives for Medium-Term Management Plan 2027 Chemicals business (trading business) [1] Strengthening of sales to automotive and electronics/electrical industries Acquisition of new market areas in automotive motors and batteries Promotion of stronger sales of heat dissipati
Slide 14: 3. Implementation of capital policy and capital expenditure based on Medium-Term Management Plan 2027
3. Implementation of capital policy and capital expenditure based on Medium-Term Management Plan 2027 13
Slide 15: Medium-Term Management Plan 2027 Fund allocation plan (disclosed)
Medium-Term Management Plan 2027 Fund *Excerpt from Medium-Term Management Plan 2027 disclosed on May 29, 2024 allocation plan (disclosed) In addition to the capital expenditure required for growth, we will implement shareholder returns through stable dividends and the repurchase of treasury shares.
Slide 16: Implementation of Capital Policy
Implementation of Capital Policy (i) Repurchase of treasury shares in progress (disclosed on August 27) Repurchase of treasury shares in progress as follows based on the capital policy stated in Medium-Term Management Plan 2027 (1) Period of repurchase From August 28, 2024 to March 31, 2025 (2) Tota
Slide 17: Changes in capital expenditures and depreciation
Changes in capital expenditures and depreciation Unit: Million yen [Major capital expenditure for FY March 2025] 〇 Konishi Capital expenditure 6,984 ・ Matters related to new construction of water-based Depreciation product manufacturing site, Tochigi Plant 5,874 ・ Matters related to introduction of
Slide 18: Dividends
Dividends Dividend The company’s policy is to pay continuous and stable dividends maintaining a consolidated dividend policy payout ratio of 30% or more, while taking into account the results of each fiscal year. 〇 Dividends for the fiscal year ending March 31, 2025 (per share) ・ End of 2Q (actual)
Slide 19: Disclaimer and IR Contact
Disclaimer Forecasts and other statements are based on information currently available to the company and certain assumptions that the company considers reasonable. This material is not intended as a solicitation to invest. Investment decisions should be made at the user’s own discretion. <IR Contac