Slide 1: FY2014 Financial Results
FY2014 Financial Results FP Corporation May 13,2014 FP Corporation ・
Slide 2: Environmental and employment awards received
April 2007 Received the Award for Excellence in the Product Division of the First Container and Packaging 3R Promotion Minister of the Environment Awards. http://www.env.go.jp/recycle/yoki/b_2_approach/ March 2009 Certified as a leading company in the employment of disabled workers by (received the
Slide 3: Cautions for Handling This Material
Cautions for Handling This Material We have paid extremely close attention to the information provided through presentations at this session and contained in the handouts. The forward-looking statements included in the information are our estimates based on the information available at the time of p
Slide 4: Table of Contents
Table of Contents Performance and Plan Head of Finance and Accounting Division Isao Ikegami ... 5 Working Towards Medium- and Long-Term Targets Chairman & CEO Yasuhiro Komatsu . . . 15 Towards Increasing the Scale of Operations President & COO Morimasa Sato . . . 23 Supporting Data . . . 37
Slide 5: Performance
Performance FY2014 -52nd term- Head of Finance and Accounting Division Isao Ikegami FP Corporation ・
Slide 6: Financial Results Summary (FY ended March 2014)
Financial Results Summary (Performance for the fiscal year ending March 2014 -52nd term-) T welve-month performance Twelve-month projections (revised) Twelve-month projections (original) FY ended March 2013 FY ended March 2014 FY ended March 2014 FY ended March 2014 Increase/ Year-on- Acievement Aci
Slide 7: Increase/Decrease in Ordinary Income
Increase/Decrease in Ordinary Income (Performance for the fiscal year ending March2014 -52nd term-) Unit : billion yen 1st half 2nd half FY ended 2013 Performance : ¥15.12 bn Performance Performance Difference from original projection 1st half Performance: ¥7.53 bn 2nd half Performance: ¥7.59 bn Ori
Slide 8: Balance Sheet
Balance Sheet (Performance for the fiscal year ending March 2014 -52nd term-) Previous consolidated T welve month of the consolidated fiscal year under review fiscal year FY ended March 2013 FY ended March 2014 Increase/ Year-on- Breakdown of main increases ( As of March 31,2013 ) ( As of March 31,2
Slide 9: Capital Investments and R&D Cost
Capital Investments and R&D Cost (Performance for the fiscal year ending March 2014 -52nd term-) T welve-month performance T welve-month projections FY ended March 2013 FY ended March 2014 FY ended March 2014 Increase/ Acievement Unit: million y en Performance Performance decrease Year-on-year Plann
Slide 10: Cash Flows
Cash Flows (Performance for the fiscal year ending March 2014 -52nd term-) T welve-month performance FY ended March 2013 FY ended March 2014 Unit: million y en Performance Performance Breakdown of Main Items Net income before taxes and other adjustments 9,883 Depreciation and amortization 9,703 Decr
Slide 11: Plan FY2015 -53rd term-
Plan FY2015 -53rd term- FP Corporation 11・
Slide 12: Outline of Plan for Account Settlement (FY ending March 2015)
Outline of Plan for Account Settlement (Plan for the fiscal year ending March 2015 -53rd term-) Full year performance Full year projections First half projections FY ended March 2014 FY ended March 2015 FY ended March 2015 Increase / Year-on- Increase / Year-on- Performance Percentage Planned Percen
Slide 13: Planned Increase/Decrease in Ordinary Income
Planned Increase/Decrease in Ordinary Income (Plan for the fiscal year ending March2015 -53rd term-) FY ended 2014 Performance : ¥10.05 bn 1st half 2nd half Unit : billion yen Performance Performance 1st half Performance: 2nd half Performance: ¥5.11 bn ¥4.94 bn Increase in raw material prices -0.7 F
Slide 14: Planned Capital Investment and R&D Cost
Planned Capital Investment and R&D Cost (Plan for the fiscal year ending March 2015 -53rd term-) Full year Full year projections First half projections FY ended March 2014 FY ended March 2015 FY ended March 2015 Increase / Increase / Year-on-year Year-on-year Unit: million y en Performance Planned d
Slide 15: Working Towards Medium- and Long-Term Targets
Working Towards Medium- and Long-Term Targets Chairman & CEO Yasuhiro Komatsu FP Corporation 15・
Slide 16: Summary of Consolidated Financial Results and Forecast for the Future
Summary of Consolidated Financial Results and Forecast for the Future » Sales expansion of unique products » Strategic investments > World’s first materials and functions July 2013 Kyushu Logistics Facility Started operation October 2013 Kansai Logistics Facility Started operation Multi FP (MF
Slide 17: Response to soaring raw material prices
Response to soaring raw material prices ☆ Switchover to new products: MFP, MSD, Eco Products, OPET, transparent PP ☆ Revision of product prices in the previous period 3% - 9% Announced May 20, 2013, for products shipped on June 21, 2013 and later For general purpose products: For transparent product
Slide 18: Products with New Materials and New Functions
Products with New Materials and New Functions Development of products matched with customers’ needs ☆ Unique products : Reference: Page 39 Increase sales ratio to improve and stabilize earnings Multi FP (MFP) Chillable and microwaveable foamed PS containers Changes in sales mix Multi Solid (MSD) Non
Slide 19: Logistics Strategy
Logistics Strategy An attempt towards the 2 trillion yen market Cutting logistical costs and constructing a logistical infrastructure Fukuyama Cross Dock Center: Hachioji Center: Warehouse scheduled to start operation in Jul. 2014, Sorter in Nov. 2014 Distribution Center scheduled to start operation
Slide 20: Recycling: Evolving into a recycled resin manufacturer
Recycling Circulation of terrestrial resources Evolving into a recycled resin manufacturer 647 employees with disabilities (current number of employees: 372 +33) April 2014 Started 9 people - Special subsidiary company - Support for continuous employment (Type A) Employment Rate: 16.0% (As of the en
Slide 21: Strategic Investment
Strategic Investment Distribution Three stories above ground Total floor area: 5,700 tsubo • Kyushu Logistics Facility Investment: 1.8 billion yen Upgrade and Expansion Five stories above ground Started operation in July 2013 Total floor area: 11,800 tsubo • Kansai Logistics Facility Investment: 4
Slide 22: Medium-Term Goals
Medium-Term Goals Ordinary profit Margin 12% Expanding our share World’s first sheets and Products in a ¥500 billion market materials Creating new markets 200 bn Product Introduction of sustainable sales 113.1 bn 115.1 bn 118.4 bn 121 bn new products M&A Global market Ordinary profit Margin
Slide 23: Towards Increasing the Scale of Operations
Towards Increasing the Scale of Operations President & COO Morimasa Sato FP Corporation 23・
Slide 24: Market Circumstances
Market Circumstances Intensifying competition due to excessive stores Expansion of national chains into regional areas Active launch of convenience stores Expansion of private brands The number of households is on the Entries from other sectors, such as drugstores and DIY stores increase, while the
Slide 25: PPSA Series 64 sizes
PPSA Series Microwaveable and so suitable for a broader range of products ＰＰＳＡ Series in 64 sizes FP Corporation ・
Slide 26: PPSA Series: Solving the Problem that Fresh Food Doesn't Sell
PPSA Series: Solving the Problem that “Fresh Food Doesn’t Sell” Issues with fresh food products 1. Products are not in single-serving portions. 2. Products are not compatible with the shift away from cooking. 3. Products that are overly seasoned do not suit every palate. 4. The fact that products ta
Slide 27: PPSA Series: Actual Examples
PPSA Series: Actual Examples For the great taste For freshly made For an even of live shellfish ingredients better taste Clams Pork shabu-shabu Mitarashi dango Melty soft FP Corporation 27・
Slide 28: Switchover to Transparent Container Materials
Switchover to Transparent Container Materials OPET：biaxially stretchedpolyethyleneterephthalate OPS：biaxially stretchedpolystyrene ☆ Excellent transparency ☆ Excellent oil resistance ☆ Transparency ☆ Heat resistance: +80℃ ☆ Heat resistance comparable with that of OPS: aaa+80℃ ★ Less oil resistance ☆
Slide 29: Distribution Network Improvements – 1
Distribution Network Improvements – 1 Higher Costs putting pressure on the Logistics industry * According to our survey *According to Report of Study of Measures to Secure * According to the Japan Trucking Association, and our survey High Quality Labor (Truck Drivers) to Improve the Safety of Transp
Slide 30: Distribution Network Improvements – 2
Distribution Network Improvements – 2 Logistics services of high quality and high efficiency 2012 2014 will cover the entire country. Distribution Centers：124,200 tsubo → 151,500 tsubo +22% Picking Centers： 31,800 tsubo → 41,400 tsubo +30% Hachioji Center: Distribution Center scheduled to start oper
Slide 31: Distribution Network Improvements – 3
Distribution Network Improvements – 3 Started operations in May 2011 Started operations in July 2013 Started operations in October 2013 2nd Chubu Distribution C / PC 2nd Kyushu Distribution C / PC 1st Kansai Distribution C / PC Fukuyama Cross Dock Center Hachioji Distribution C / PC Warehouse: Jul.
Slide 32: Fukuyama Cross Dock Center
Distribution Network Improvements – 4 Fukuyama Cross Dock Center Warehouse: Jul. 2014, Sorter: Nov. 2014 Three stories above ground Total floor area: 10,200 tsubo Investment: 4.3 billion yen Fukuyama Cross Dock Center ↓ Under construction Conveyor connection Conveyor connection Conveyor connection C
Slide 33: Hachioji Center
Distribution Network Improvements – 5 Distribution Center scheduled to start operation Hachioji Center in Oct. 2014, Picking Center in Feb. 2015 - Coverage of entire Kanto region fffffrom East to West - Reduced total costs - Risk diversification Five stories above ground Total floor area: 23,700 tsu
Slide 34: Distribution Network Improvements – 6
Distribution Network Improvements – 6 Order Loading Old system 19:00 Order Router planner 18:00 Busy periods Loading （2.5 - 3 hours） Real Delivery Check System Inquiry Inquiry Inquiry Inquiry Old Customer Sales Distribution C Transport company Driver Reply Reply Reply Reply Inquiry New Customer Sale
Slide 35: Roadmap for Logistics Network Development
Distribution Network Improvements – 7 Roadmap for Logistics Network Development FY2013 FY2014 FY2015 Expansion of infrastructure (improvement of shipment capability) Kyushu Kansai Fukuyama Hachioji Construction of system with greater speed and accuracy (improvement of processing capability） Router p
Slide 36: Medium-Term Goals
Medium-Term Goals Ordinary profit Margin 12% Expanding our share World’s first sheets and Products in a ¥500 billion market materials Creating new markets 200 bn Product Introduction of sustainable sales 113.1 bn 115.1 bn 118.4 bn 121 bn new products M&A Global market Ordinary profit Margin
Slide 37: Supporting Data
Supporting Data FP Corporation ・
Slide 38: Actions for Expanding the Scale of the Company
Actions for Expanding the Scale of the Company Products Market size: ¥500 billion Goods Market scale: Over ¥2 trillion Containers for simple packaging Supplies and packaging materials/equipment In stores Packaging outside stores Retail / Ready-made Meals / Restaurant Dining Agricultural Processed Fr
Slide 39: World's First Sheets and Materials
World’s First Sheets and Materials Evolution from a sheet processing manufacturer PP: polypropylene PS: polystyrene PSP: foamed polystyrene Easy to mold Heat-resistant: +110ºC Low raw material ratio High oil resistance Weight reduction is possible Foam is hard and resistant to High ins
Slide 40: Information on the Facility Tour
Information on the Facility Tour Contact Kodama at the Corporate Planning Department (03-5325-7756) at a convenient time for you. Tour of facilities in Chubu A tour takes around three hours. PET Recycling Container Sorting - The closest station is Gifu Hashima Station on JR Central Lines. PS Recycli
Slide 41: Ongoing Factors Influencing Ordinary Income
Ongoing Factors Influencing Ordinary Income Unit:100 million yen 47th term 48th term 49th term 50th term 51st term 52nd term 53rd term Plan 41st 42nd 43rd 44th 45th 46th (FY ended March 2009) (FY ended March 2010) (FY ended March 2011) (FY ended March 2012) (FY ended March 2013) (FY ended March 2014
Slide 42: Trends in Capital Investment and R&D Costs
Trends in Capital Investment and R&D Costs Plan for FY FY ended M arch FY ended M arch FY ended M arch FY ended M arch FY ended M arch FY ended M arch FY ended M arch FY ended M arch FY ended M arch FY ended M arch FY ended M arch FY ended M arch ending M arch 2003 2004 2005 2006 2007 2008 2009 2010