Takaoka Toko Co., Ltd. · TSE:6617
Takaoka Toko — FY2021 Earnings Presentation
26 slides from Takaoka Toko's earnings presentation, May 13, 2022
Slide 1: Supplementary Briefing Material on Financial Results
Takaoka Toko Group FY2021(Fiscal year ended on March 31, 2022) Supplementary Briefing Material on Financial Results May 13, 2022 TSE Prime Market (6617) Takashi Ichinose, President and Representative Director ©Takaoka TokoCo., Takaoka Toko Co., Ltd. Ltd. 2021. 2022. All rights All rights reserved. r
Slide 2: Introduction
Introduction We deeply apologize for causing great inconveniences and concerns regarding the improper cases of gas insulated switchgear and remote controller for automated switchgear, which we announced on Aug. 27, Sep. 8, 2021, and Oct. 29, 2021, and temporary suspension of ISO9001 certification as
Slide 3: Reoccurrence Prevention Measures
Reoccurrence Prevention Measures Since the announcement on October 29, 2021, we have been engaging in company-wide reforms to prevent any reoccurrence from the four perspectives: quality management system (QMS), human resource development, communication, and awareness and culture. To further strengt
Slide 4: Contents
Contents 1. FY2021 Business Results <YoY analysis> 2. Performance of Business Segments <YoY analysis> 3. FY2021 Business Results <Comparison with forecast> 4. FY2022 Business Forecast 5. Dividend Payment 6. Medium-Term Management Plan 2023: Target Value Correction 7. Changes in Net Sales & Operating
Slide 5: FY2021 Business Results <YoY Analysis>
1. FY2021 Business Results <YoY Analysis> Consolidated net sales stayed almost flat at 91,936 million yen (down 0.0% YoY) due to a decrease in domestic plants and smart meters despite a recovery in the number of overseas construction projects, increased orders for small transformers, and increased
Slide 6: Business Portfolio (FY2021 Net Sales)
1. FY2021 Business Results Business Portfolio (FY2021 Net Sales) Information System / Applied Optics Inspection System Business Segment Applied optics inspection system (3D inspection systems), information system, etc. 5% (5%) Real estate-, smart grid-, & proposal-related business [Consolidated subs
Slide 7: FY2021 Business Results: Net Sales
1. FY2021 Business Results: Net Sales <YoY Analysis> [Net sales by segment] (In millions of yen) FY2021 Actual FY2020 Actual YoY Segment Percent Amount (A) Ratio Amount (B) Ratio Increase (A)−(B) change Electric Equipment Business 57,644 62.7% 52,668 57.3% 4,996 9.5% Metering Business 24,247 26.4% 3
Slide 8: FY2021 Business Results: Income
1. FY2021 Business Results: Income <YoY Analysis> [Income by segment] (In millions of yen) FY2021 Actual FY2020 Actual YoY Segment Percent Amount (A) Profit margin Amount (B) Profit margin Increase (A)−(B) change Electric Equipment Business 6,355 11.0% 5,937 11.3％ 417 7.0% Metering Business 1,721 7.
Slide 9: Electric Equipment Business Segment
2. Performance of Business Segments <YoY Analysis> Net sales Segment profit Electric Equipment Business Segment (In millions of yen) 700 64 FY2021 FY2020 Increase 600 63 YoY (％) Actual (A) Actual (B) (A)－(B) 500 62 400 61 Net sales 57,664 52,668 4,996 9.5% 300 60 Segment profit 6,355 5,937 417 7.0%
Slide 10: Energy Solution Business Segment
2. Status of Each Business Segment <YoY Analysis> Net sales Segment profit Energy Solution Business Segment (In millions of yen) 30 30 FY2021 FY2020 Increase 25 25 YoY (%) Actual (A) Actual (B) (A)－(B) 20 20 Net sales 2,768 2,456 311 12.7% 15 15 Segment profit (119) (318) 198 ー 10 10 sales [Reason b
Slide 11: FY2021 Business Results: Comparison with Forecast
3. FY2021 Business Results <Comparison with Forecast (Disclosed April 30, 2021)> Despite price hikes in raw materials such as copper and the procurement of related parts affected by the shortage of semiconductors, sales and profits increased significantly thanks to strong sales of small transformers
Slide 12: FY2022 Business Forecast
4. FY2022 Business Forecast In FY 2022, we expect net sales of 93,000 million yen, operating income of 4,400 million yen, ordinary income of 4,500 million yen, and profit attributed to shareholders of the parent company of 3,000 million yen based on estimated increase in sales of quick chargers and
Slide 13: FY2022 Business Forecast: Net Sales
4. FY2022 Business Forecast: Net Sales [Net sales by segment] (In millions of yen) FY2022 Forecast FY2021 Actual YoY Segment Percent Amount (A) Ratio Amount (B) Ratio Increase (A)−(B) change Electric Equipment Business 55,992 60.2％ 57,644 62.7% (1,672) (2.9%) Metering Business 24,391 26.2％ 24,247 26
Slide 14: FY2022 Business Forecast: Income
4. FY2022 Business Forecast: Income [Income by segment] (In millions of yen) FY2022 Forecast FY2021 Actual YoY Segment Percent Amount (A) Profit margin Amount (B) Profit margin Increase (A)−(B) change Electric Equipment Business 6,465 11.5% 6,355 11.0% 110 1.7% Metering Business 1,329 5.4% 1,721 7.1
Slide 15: Dividend Payment
5. Dividend Payment We believe that stable dividends are the basis for meeting shareholders' expectations; therefore, we will continue to pay dividends twice a year, an interim dividend of 25 yen and a year-end dividend of 25 yen, while striving to ensure a stable management base by strengthening ou
Slide 16: Medium-Term Management Plan 2023: Target Value Correction
6. Medium-Term Management Plan 2023: Target Value Correction Although the outlook remains uncertain due to a range of factors including the situation with COVID-19, heightened geopolitical risks, and the impact of surging prices of natural resources, we have revised our forecasts upward from the ini
Slide 17: Medium-Term Management Plan 2023: Target Value Correction
6. Medium-Term Management Plan 2023: Target Value Correction Net sales 1,000 (In hundred millions of yen) 950(In hundred millions Operating income of yen) 100 900 Other segments 30 30 73 55 Information System / Applied Optics Inspection System 43 800 39 Business Segment 80 Energy Solution Business S
Slide 18: Changes in Net Sales and Operating Income
7. Changes in Net Sales and Operating Income Established Complete (In hundred millions of yen) holding merger company Net sales Operating income 1,200 1,114 1,152 60 1,078 950 1,000 971 953 50 933 919 919 930 888 909 40 50 46 800 44 40 34 31 29 27 27 600 30 23 5.0% 5.3% 4.7% 400 15 3.7% 3.7% 20 3.2%
Slide 19: Organizational Reform
8. Organizational Reform Establish a highly mobile organizational structure to achieve the 2030 VISION To accelerate the transformation of existing businesses and the development of new businesses as stated in the Medium-Term Management Plan 2023, we will reorganize our organization in June 2022. In
Slide 20: FY2021 Initiatives: Basic Sustainability Policy
9. FY2021 Initiatives Announced "Basic Sustainability Policy" and "Basic Business Portfolio Policy" To help develop a sustainable society, TAKAOKA TOKO Group is committed to ESG management, aiming to solve important CSR issues and contribute to SDGs through our business activities, their processes,
Slide 21: FY2021 Initiatives: EV infrastructure solution
9. FY2021 Initiatives Enhance our EV infrastructure solution Key! to help create a low-carbon society ■Features of High-Capacity Quick Charger The Electric Vehicle Infrastructure Business Optimizes charging time by dynamically controlling output according to the amount Promotion Project is building
Slide 22: FY2021 Initiatives: Substation order in Malawi
9. FY2021 Initiatives Received an order for "Substation Improvement Plan in Lilongwe, Republic of Malawi " Our group company, Takaoka Engineering Co., Ltd. received an order from Electricity Supply Corporation of Malawi Limited (ESCOM) for the "Substation Improvement Plan in Lilongwe," which is a gr
Slide 23: Digital Transformation Strategy (TKTK-DX)
9. FY2021 Initiatives Formulation of the TAKAOKA TOKO Digital Transformation Strategy (TKTK-DX) On Sept. 15, 2021, TAKAOKA TOKO Digital Transformation Strategy (TKTK-DX) was formulated to build a sustainable society. On Jan. 1, 2022, we were selected as "DX- Certified Operator," under the DX certifi
Slide 24: Increase orders for 3D inspection systems
9. FY2021 Initiatives Applied Optics Inspection System Business: Increase orders for 3D inspection systems Demand for semiconductors is rapidly increasing due to the growing demand for high-spec computers, video game consoles and data centers amid telework and stay-at-home demand, practical use of 5
Slide 25: Power distribution business for the next generation
9. FY2021 Initiatives Power distribution business for the next generation Received New Energy Award for "locally produced and consumed energy system" Human activities Weather On Jan. 26, 2022, a "locally produced and consumed Extra-high voltage line Electricity demand Solar panel energy system" used
Slide 26: Cautionary statement regarding the performance forecast
Cautionary statement regarding the performance forecast Performance forecasts in this document have been made based on information available as of its publication date, and actual operating results may differ from such forecasts due to various factors. ©Takaoka TokoCo., Takaoka Toko Co., Ltd. Ltd. 2