Takamiya Co., Ltd. · TSE:2445
Takamiya — FY2020 Earnings Presentation
28 slides from Takamiya's earnings presentation, May 31, 2021
Slide 1: Result Briefing Materials for the Fiscal Year Ended March 31, 2021
Result Briefing Materials for the Fiscal Year Ended 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, Osaka 530-0011, Japan
Slide 2: Agenda
Agenda ◼ Topics ◼ Description of Consolidated Financial Results for the Fiscal Year Ending March 31, 2021 2021/05/31 Page 2
Slide 3: Topics
Topics Mar 18, 2021 Corporate Reports by Analysts Apr. 21, 2021 Notice Regarding Establishment of Nomination and Compensation Committee Apr. 27, 2021 Notice of Revision of Earnings Forecast and Voluntary Return of Executive Compensation May 12, 2021 Notice of Change of Directors In addition to the a
Slide 4: 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 : 1,221; Non-consolidated : 711 (As of end-March, 2021) Registered head office Grand F
Slide 5: Summary of consolidated performance: Business overview
1. Summary of consolidated performance 1.1 Business overview ✓ In the first half of the fiscal year, amid the uncertain outlook due to the economic recession caused by the spread of COVID-19, sales of temporary equipment failed to progress in the sales business, the rental business saw sluggish grow
Slide 6: Announcement of revision of business forecast
1. Summary of consolidated performance 1.2 April 27: Announcement of revision of business forecast Change (Reference) Previous forecast Revised forecast FYE Mar. 31, 2020 (unit : million yen) Amount Rtio Results Net sales 40,750 38,800 (1,950) (4.8) % 46,065 Operating income 2,200 1,580 (620) (28.2)
Slide 7: Summary of consolidated performance: Cumulative period
1. Summary of consolidated performance 1.2 Cumulative period (from April 2020 to March 2021) Consolidated Results FY Ended Mar.31, 2021 FY Ended Mar. 31, 2021 FY Ended Mar.31, 2020 % change （Unit：million yen） Forecast Results Results (Non-Disclosure) Sales ratio Sales ratio Sales ratio (y/y) Net sal
Slide 8: Factors of increase/decrease in net sales and operating income
1. Summary of consolidated performance 1.4 Factors of increase/decrease in net sales and operating income Net sales (Unit : million yen) (Unit : million yen) decreased by 7,253 million yen (down 15.7% YoY) ✓ All business segments experienced decrease in revenues. Operating income decreased by 2,116
Slide 9: EBITDA (Operating income + Depreciation)
1. Summary of consolidated performance 1.5 EBITDA(Operating income + Depreciation) (Unit : million yen) Decreased by 2,106 million yen (down 24.7% YoY) ✓ Mainly due to decreased operating income. (24.7)% ✓ Depreciation increased slightly. (y/y) (FY ended/ending March 31) 2021/05/31 Page 9
Slide 10: 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 COVID-19 and economic Unit : million yen FYE Mar.31 FYE Mar.31 % change FYE Mar.31 FYE Mar.
Slide 11: 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 3,309 million yen ✓ Sales of Iq systems and peripheral equipment (temporary equipment) declined year on year, as they were not able to reach a recovery, although contracts were si
Slide 12: Sales business: Net sales by product field
2. Sales business 2.2 Net sales by product field Although sales of construction materials-related structural materials increased, sales of temporary construction materials and environment-related materials decreased significantly. 10,158 3,141 Mounting devices of solar panel, Iq System, G-Walk, etc.
Slide 13: Sales of Iq System
2. Sales business 2.3 Sales of Iq System Sales of the Iq System decreased by 24.5% ((1,050) million yen) YoY. Despite receiving many inquiries, it takes longer time than before to enter into contracts. Sales performance of Iq System 4,294 (24.5)% (Unit : million yen) (y/y) 3,270 3,244 Rapidly increa
Slide 14: Prevalence of Iq System
2. Sales business 2.4 Prevalence of Iq System Iq-system：9,440,000㎡ Popularization of the new-generation scaffolding in the industry maintains steady Ours7,240,000㎡ Others： Approx. 2,200,000㎡ growth. (Unit：million ㎡) Prevalence of the Iq System (Our sales + Rental assets) 724 648 Iq System 532 31% 45
Slide 15: 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 2,109 million yen ✓ The decline in lending volume due to the return of temporary equipment following the completion of large job sites and the postponement of the start of mainte
Slide 16: 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 Due to the return of equipment following the completion of large construction sites and the i
Slide 17: Rental business: Ratio of Sales by Area
3. Rental business 3.3 Ratio of Sales by Area In the Chubu region, sales related to civil engineering in the first half of the year contributed to the growth. Sales in the Tohoku region were sluggish as reconstruction demand ran its course. FY ended March 31, 2019 FY ended March 31, 2020 FY ended Ma
Slide 18: Overseas business: Factors of increase/decrease YoY
4. Overseas business 4.1 Factors of increase/decrease YoY Net sales: decreased by 2,005 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
Slide 19: Overseas business: Sales Ratio by Segment
4. Overseas business 4.2 Sales Ratio by Segment Overseas business saw its share of consolidated net sales decline due to restrictions on business activities in the Philippines and lower sales in South Korea due to the deteriorating economic environment. Overseas Overseas Overseas 16.9% 15.0% 12.8% S
Slide 20: Change in Consolidated Balance Sheet
5. Change in Consolidated Balance Sheet Lower net sales caused lower accounts receivable – trade. Total assets decreased and equity ratio was 32.3% (30.5% at the end of the previous term). [Asset] (Unit : million yen) Investments and other assets Intangible assets Property, plant and equipment Curre
Slide 21: Cash flow statement
6. Cash flow statement Cash flow from investing activities decreased due to restraint, while cash flow from financing activities was used to repay cash reserves that had been set aside to deal with the impact of COVIT-19. (Unit : million yen) FYE Mar.31. 2020 FYE Mar.31. 2021 [Cash flows from operat
Slide 22: Status of shareholder return
7. Status of shareholder return (FY ended/ending March 31) 2017 2018 2019 2020 2021 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 dividends 428 million yen 471 million yen 47
Slide 23: Reference Information
Reference Information 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 24: 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) • Issuance and Web release of annual reports (Japanese/English)* 202
Slide 25: 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 26: 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 May-2014 Stoc
Slide 27: Comparison of Share Price and Nikkei 225
Jul-2009 Nov-2009 Mar-2010 Jul-2010 Nov-2010 Mar-2011 Nikkei 225 Jul-2011 Nov-2011 Mar-2012 Jul-2012 Nov-2012 Mar-2013 Takamiya Jul-2013 Nov-2013 Mar-2014 Jul-2014 Nov-2014 Mar-2015 Jul-2015 Nov-2015 Mar-2016 Jul-2016 Nov-2016 Mar-2017 Jul-2017 Nov-2017 Mar-2018 Jul-2018 Nov-2018 Mar-2019 Jul-2019 N
Slide 28: 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