Takamiya Co., Ltd. · TSE:2445
Takamiya — Q2 FY2021 Earnings Presentation
43 slides from Takamiya's earnings presentation, Nov 25, 2020
Slide 1: Result Briefing Materials for the Second Quarter of FY Ending March 31, 2021
Result Briefing Materials for the Second Quarter of the Fiscal Year Ending March 31, 2021 Takamiya Co., Ltd. (2445:Tokyo) Notice: This document is an excerpt translation of the original Japanese Grand Front Osaka Tower-B Bldg. 27F, document and is only for reference purposes. 3-1, Ofuka-cho, Kita-ku
Slide 2: Company Overview of Takamiya Co., Ltd.
Company Overview of Takamiya Co., Ltd. Trade name Takamiya Co., Ltd. Incorporation June 21, 1969 Representative Representative director, Kazumasa Takamiya Capital 1,050 million yen Number of employees Consolidated : 1,338; Non-consolidated : 724 (As of end-September, 2020) Registered head office Gra
Slide 3: Agenda
Agenda Topics Description of consolidated performance of the fiscal year ended June 30, 2020 Prospects and strategies for the future 2020/11/25 Page 3
Slide 4: Topics
Topics October 1, 2020 Notice of Opening Okinawa-Naha Center *in Japanese October 14,2020 Received an order for constructing a Dutch-light type glasshouse characterized by high light-intaking properties. The order is worth about 970 million yen from Kitaibaraki Farm, to be completed in 2021. *in Jap
Slide 5: Summary of consolidated performance: Business overview
1. Summary of consolidated performance 1.1 Business overview In the sales business segment, recent situations of uncertainty for the future pushed down many companies’ mindset, and there was a tendency that some customers withhold their final decisions to purchase temporary equipment. Rental bus
Slide 6: Summary of consolidated performance: Cumulative period
1. Summary of consolidated performance 1.2 Cumulative period (from April 2020 to June 2020) Consolidated Results 2Q of FYE Mar.31, 2021 2Q of FYE Mar. 31, 2021 2Q of FYE Mar.31, 2020 % change （Unit：million yen） Forecast Results Results (Non-Disclosure) Sales ratio Sales ratio Sales ratio (y/y) Net s
Slide 7: Factors of increase/decrease in net sales and operating income
1. Summary of consolidated performance 1.3 Factors of increase/decrease in net sales and operating income Net sales (Unit : million yen) (Unit : million yen) decreased by 2,557 million yen (down 11.6% YoY) All business segments experienced decrease in revenues. Operating income decreased by 816 mi
Slide 8: EBITDA
1. Summary of consolidated performance 1.4 EBITDA(Operating income + Depreciation) (Unit : million yen) Decreased by 781 million yen (down 18.3% YoY) Mainly due to decreased operating income. Depreciation remained (18.3)% mostly level. (y/y) (FY ended/ending March 31) 2020/11/25 Page 8
Slide 9: Performance by segment
1. Summary of consolidated performance 1.5 Performance by segment (FY ended/ending March 31) All the business segments Segment profit experienced lower revenues Net sales (sales ratio) and profit because of the % change % change new coronavirus and Unit : million yen 2Q 2020 2Q 2021 y/y 2Q 2020 2Q
Slide 10: Sales business: Factors of increase/decrease YoY
2. Sales business 2.1 Factors of increase/decrease YoY Net sales: (Unit : million yen) (Unit : million yen) decreased by 2,024 million yen Although there are still many inquiries as before, recent economic situations have not led to successful business deals, resulting in lower net sales. Operatin
Slide 11: Sales business: Net sales by product field
2. Sales business 2.2 Net sales by product field Although our customers showed continuously strong demands for the next-generation scaffolding, there was a tendency that some of them withhold their decision to purchase because of recent situations of uncertainty for the future. 10,158 3,141 Mounting
Slide 12: Sales of Iq System
2. Sales business 2.3 Sales of Iq System Sales of the Iq System decreased by 33.7% ((801) million yen) YoY. Despite receiving many inquiries, it takes longer time than before to enter into contracts. Sales performance of Iq System 4,294 (Unit : million yen) 3,270 Rapidly increase (33.7)% due to a la
Slide 13: Prevalence of Iq System
2. Sales business 2.4 Prevalence of Iq System Iq-system：9,070,000㎡ Popularization of the new-generation scaffolding in the industry maintains steady Ours：6,870,000㎡ Others： Approx. 2,200,000㎡ growth. (Unit：million ㎡) Prevalence of the Iq System (Our sales + Rental assets) 687 648 532 Iq System 454 3
Slide 14: Rental business: Factors of increase/decrease YoY
3. Rental business 3.1 Factors of increase/decrease YoY Net sales: (Unit : million yen) (Unit : million yen) decreased by 198 million yen Rented amount (utilization rate) of equipment to customers was lower than the previous year, resulting in decreased revenues from rental fees. Operating income:
Slide 15: Trend of average equipment utilization rates
* Trend of utilization rates looks like a mountain with its peak at the 3Q each year * Utilization rate = rented amount / overall holdings 3. Rental business 3.2 Trend of average equipment utilization rates Utilization of assets for rent showed lower growth due to, for example, returning equipment f
Slide 16: Ratio of Sales by Area
3. Rental business 3.3 Ratio of Sales by Area Chubu block maintained steady growth of sales relating to civil engineering works. Tohoku and Kanto blocks experienced slowdown affected by suspension/postponement of construction works. FY ended March 31, 2019 FY ended March 31, 2020 2Q FY ending March
Slide 17: Overseas business: Factors of increase/decrease YoY
4. Overseas business 4.1 Factors of increase/decrease YoY Net sales: decreased by 535 million yen (Unit : million yen) (Unit : million yen) In the Philippines, business activities were limited due to curfew and restrictions on movement in the metropolitan area, leading to substantial decrease in r
Slide 18: Sales Ratio by Segment
4. Overseas business 4.2 Sales Ratio by Segment Overseas business segment dropped its share of the Group’s consolidated net sales due to restrictions on business activities in the Philippines and economic environment deterioration in Korea. Overseas Overseas Overseas 16.9% 15.0% 12.8% Sales Sales Sa
Slide 19: Change in Consolidated Balance Sheet
5. Change in Consolidated Balance Sheet Lower net sales caused lower accounts receivable - trade, so visible funds should be secured for the future. [Asset] (Unit : million yen) Investments and other assets Intangible assets Property, plant and equipment Current assets Net assets Non-current liabili
Slide 20: Statements of cash flows
6. Statements of cash flows As for operating CF, despite lower profit, revenues increased thanks to such as decrease in depreciation and in notes and accounts receivable – trade. As for financial CF, short-term loans payable increased in order to secure cash reserves. (FY ended/ending March 31) 【Cas
Slide 21: Transition of number/composition of shareholders
7. Transition of number/composition of shareholders End of March 2018 End of March 2019 End of March 2020 End of September 2020 Shareholders at the end of the period 3,058 2,923 4,092 3,851 Shareholder composition Government and local public entities 0.00 % 0.00 % 0.00 % 0.00 % Financial institution
Slide 22: Full-term performance forecasts
8. Full-term performance forecasts Consolidated performance forecasts for the full-term of FY ending March 31, 2021 FY Ending March. 31, 2021 FY Ended March. 31, 2020 YoY Forecasts Results (Unit : million yen) Change amount Change % Net sales 40,750 46,065 (5,315) (11.5)% Operating income 2,200 3,70
Slide 23: Concepts of full-term performance
9. Concepts of full-term performance Year-on-Year comparison of the second half (Oct. 2020 to Mar. 2021) YoY Prospects of net sales 2nd half of 2nd half of Net sales of all group FYE Mar. 31, 2020 FYE Mar. 31, 2021 Change companies would be lower than (Unit : million yen) amount Change % the previ
Slide 24: Status of shareholder return
10. Status of shareholder return (FY ended/ending March 31) 2017 2018 2019 2020 2021 (Forecast) Dividend 10 yen 11 yen 11 yen 14 yen 14 yen 1Q － － － － － 2Q 3.5 yen 4.0 yen 4.0 yen 6.0 yen 6.0 yen 3Q － － － － － 4Q 6.5 yen 7.0 yen 7.0 yen 8.0 yen 8.0 yen Total amount of 428 million yen 471 million yen
Slide 25: Prospects and strategies for the future
Prospects and strategies for the future Takamiya Co., Ltd. (2445:Tokyo) Grand Front Osaka Tower-B Bldg. 27F, 3-1, Ofuka-cho, Kita-ku, Osaka 530-0011, Japan TEL：+81-6-6375-3900 FAX：+81-6-6375-8825
Slide 26: Prospects for the current term
Prospects for the current term Assumptions at the beginning of the period and current situations Influences of the new coronavirus still remain both domestically and globally. Prospects at the time of announcing the financial results Current situation and response Next generation scaffolding is go
Slide 27: Environment analyses: order-taking for construction works
Prospects for the future | Environment analyses Year-on-Year comparison graph of order-taking for construction works (monthly) 100.00% Construction companies, namely 80.00% our customers, are also facing decrease in order-taking. 60.00% Demands relating to the Olympic 40.00% Games have shaken do
Slide 28: Environment analyses: domestic construction investment
Prospects for the future | Environment analyses Transition of monetary amount of domestic construction investment Source: “Prospects of construction investment based on construction economic model”, Research Institute of Construction and Economy, Oct. 2020 (Unit : billion yen) Construction investmen
Slide 29: Environment analyses: Projects relating to our industry
Prospects for the future | Environment analyses Projects relating to our industry Domestic large-scale projects tend to be delayed/postponed, but meanwhile maintenance/repair of infrastructure (e.g. traffic infrastructure) are proceeding in many places. Rush demands Olympic/Paralympic Hokuriku-Shink
Slide 30: Management strategies and priority areas
About the future | Management strategies and priority areas Management strategies To improve our corporate value by sustained growth “Optimization” “Optimization” means TAKAMIYA Group’s own concept that makes maximum use of higher capital efficiency and tangible/intangible management resources, in o
Slide 31: Focus area: Products supporting infrastructure development
About the future | Focus areas for the 3Q and 4Q Focus area | Products that support demands for infrastructure development Rental/Sales Businesses: Support for aged infrastructure Panel-type hanging shelf scaffolding "Spider Panel"(see photo below) /System-type hanging shelf scaffolding "V-MAX" Perc
Slide 32: New technologies: BIM services
About the future | Focus areas for the 3Q and 4Q New technologies | BIM services – Supporting the “i-Construction·DX” promoted by the government Proactively working on higher efficiency for customers (construction works) Interference with building frameworks can be discovered. Dangerous points can b
Slide 33: Development of bases for equipment management and logistics
About the future | Focus areas for the 3Q and 4Q New services / higher efficiency in business operation | Development of bases for equipment management and logistics Bases for equipment management and logistics Hanshin Expressway Route 5 Issues solving from customers’ perspectives, and establishment
Slide 34: New businesses: Agri-business
About the future | Focus areas for the 3Q and 4Q New businesses | Agri-business steadily building up its results An order for constructing a Dutch-light type glasshouse (1.8 ha) was received from Kitaibaraki Farm, which is worth about 970 million yen, to be completed in 2021. Entire process from s
Slide 35: Overseas business
About the future | Focus areas for the 3Q and 4Q Overseas business Philippines: DAI (rental/sales of temporary equipment for construction) * Settlement month: December Although lockdown due to influence of the new coronavirus infections has been relaxed and construction works have resumed, busines
Slide 36: Change upwind to chances: Response to economic fluctuations
About the future | Change upwind to chances Response to economic fluctuations Every time an incident greatly shook Japanese economy and our industry, TAKAMIYA has made a progress thereafter. 1991: Burst of bubble economy After getting listed, both net sales and ⇒ Business areas expanded to all over
Slide 37: TAKAMIYA's management abilities
About the future | TAKAMIYA’s management abilities To improve corporate value Market capitalization To improve corporate value by means of value creation became about 3 times larger. process (Unit : million yen) Market capitalization Under any environment, in order to realize sustained growth, we pr
Slide 38: TAKAMIYA's management abilities
About the future | TAKAMIYA’s management abilities We make maximum use of higher capital efficiency and tangible/intangible management resources. Even under an unpredictable environment, we continue “measures” and “investment” in order to realize sustained growth. We realize sustained improvem
Slide 39: ESG information: IR
ESG information IR • Video streaming of Financial Results Briefing (4 ~ 7 days after the Briefing) • Disclosure of English versions of Summary of Financial Results, Results Briefing Materials, and Timely Disclosure Release (partly) (7 ~ 10 days after disclosing Japanese version/TDnet) • Issuance and
Slide 40: ESG information: Human resource development
ESG information Human resource development Such information is publicized to Promoting "Human centered capitalism" style management and measures centered on visitors on a large signage human resources • Promoting in-house projects centered on mid-level/young employees • Incentive reward according to
Slide 41: Stock Price of TAKAMIYA (2445:Tokyo)
100,000 200,000 300,000 400,000 500,000 600,000 0 Jan-2009 May-2009 Sep-2009 Jan-2010 Average daily trading volume May-2010 Sep-2010 Jan-2011 May-2011 average line of stock price. Sep-2011 Jan-2012 > Solid line is a 12 months moving May-2012 Sep-2012 Jan-2013 May-2013 Sep-2013 Jan-2014 Stock Price o
Slide 42: Comparison of Share Price and Nikkei 225
Jul-2009 Oct-2009 Jan-2010 Apr-2010 Jul-2010 Oct-2010 Jan-2011 Apr-2011 Nikkei 225 Jul-2011 Oct-2011 Jan-2012 Apr-2012 Jul-2012 Oct-2012 Jan-2013 Takamiya Apr-2013 Jul-2013 Oct-2013 Jan-2014 Apr-2014 Jul-2014 Oct-2014 Jan-2015 Apr-2015 Jul-2015 Oct-2015 Jan-2016 Apr-2016 Jul-2016 Oct-2016 Jan-2017 A
Slide 43: IR contact
IR contact HP Company name ： Takamiya Co., Ltd. Grand Front Osaka, Tower B, 27F, Address ： 3-1 Oofuka-cho, Kita-ku, Osaka, 530-0011, Japan For Investor HP ： https://www.takamiya.co/en/ For Investor ： https://www.takamiya.co/en/ir/ CONTACT ： PR / IR Department Email ： ir@takamiya.co This material is