Takuma Co., Ltd. · TSE:6013
Takuma — FY2024 Earnings Presentation
33 slides from Takuma's earnings presentation, May 14, 2025
Slide 1: Takuma Co., Ltd. May 14, 2025
Takuma Co., Ltd. May 14, 2025 Copyright 2025 TAKUMA CO., LTD. All Rights Reserved.
Slide 2: Key Highlights
Key Highlights For consolidated results for FY2024, consolidated net sales and operating profit increased, as well as orders received and profit attributable to owners of parent reached a record high. (see p.4) Consolidated results forecast for FY2025 are expected to show increased net sales and
Slide 3: Business Segment
Business Segment The flagship Domestic Environment and Energy Business, including engineering, procurement, and construction (EPC) and after-sales service of municipal solid waste treatment plant, accounts for most net sales and operating profit. Business Segment Key Businesses Municipal Solid Was
Slide 4: Table of Contents
Table of Contents 1. Overview of FY2024 (Ended 3/2025) Financial Results 2. Financial Forecast for FY2025 (Ending 3/2026) 3. Revision of Financial Targets in 14th Medium-Term Management Plan Copyright 2025 TAKUMA CO., LTD. All Rights Reserved. 3
Slide 5: FY2024 (Ended 3/2025) Financial Highlights
FY2024 (Ended 3/2025) Financial Highlights Orders received and order backlog reached a record high, driven by steady demand for municipal solid waste treatment plants. Net sales increased due to an increase in all other business segments, despite a decrease in the Domestic Environment and Energy
Slide 6: FY2024 Financial Highlights by Segments
FY2024 (Ended 3/2025) Financial Highlights by Segments FYE 3/2025 FYE 3/2025 FYE 3/2023 FYE 3/2024 Change from (Millions of yen) (FY2024) (FY2024) YoY change *1 (FY2022) (FY2023) *1 previous forecast previous forecast Results Orders received Total 168,558 160,568 230,000 246,301 +53.4% +7.1% Domesti
Slide 7: FY2024 Operating Profit Variance Analysis
FY2024 (Ended 3/2025) Operating Profit Variance Analysis (Billions of yen) Profit increased due to Profit increased due to Profit increased due to Profit increased due to an increase in after-sales progress on projects increased orders and progress on projects service and an previously ordered and p
Slide 8: Domestic Environment and Energy: Orders Received / Order Backlog
Orders received / Domestic Environment and Energy Business Order backlog Orders received were up owing to orders for waste treatment plants (2 DBO projects, 1 primary equipment improvement project), 4 energy plants and 1 sludge incineration plant. Orders received Order backlog (Billions of yen) (B
Slide 9: Domestic Environment and Energy: Net Sales / Operating Profit
Net Sales / Domestic Environment and Energy Business Operating Profit Net sales were down owing primarily to changes in the EPC project mix. Operating profit was up owing primarily to an increase in after-sales service and an elimination of costs for measures at a municipal solid waste treatment
Slide 10: Domestic Environment and Energy Main Orders Received (Waste Treatment)
Domestic Environment and Energy Business Main Orders Received FYE 3/2025, orders were received for waste treatment plants (2 DBO projects, 1 primary equipment improvement project), and 1 sludge incineration plant. Year Delivered to: Notes Capacity Scheduled Completion Senboku Environmental Primary
Slide 11: Domestic Environment and Energy Main Orders Received (Biomass)
Domestic Environment and Energy Business Main Orders Received FYE 3/2025, orders were received for 4 biomass power plants. Year Delivered to: Notes Capacity Scheduled Completion Sanyo-Onoda Green Energy Co. EPC Power generation business (Biomass, FIT) 1,990kW 6/2024 Q1 Winter Power Aid MIE LLC. EP
Slide 12: Overseas Environment and Energy: Orders Received / Order Backlog
Orders received / Overseas Environment and Energy Business Order backlog Orders received saw a slight increase from the previous period, with no new plant orders but steady demand for maintenance services. We will continue going after new construction and renewal projects in addition to maintena
Slide 13: Overseas Environment and Energy: Net Sales / Operating Profit
Net sales / Overseas Environment and Energy Business Operating profit Net sales and operating profit were up owing to progress on new plant projects previously ordered. Approximately ¥0.3 billion of operating profit is due to the foreign exchange translation differences arising from the eliminat
Slide 14: Package Boiler: Orders Received / Order Backlog
Orders received / Package Boiler Business Order backlog Orders received were up due to a continued moderate recovery in demand. Orders received Order backlog （Billions of yen） （Billions of yen） +8.6% YoY +¥1.6 billion 25.00 14.00 20.26 18.66 12.00 18.40 20.00 16.32 10.00 14.86 8.86 14.21 8.41 8.31
Slide 15: Package Boiler: Net Sales / Operating Profit
Net sales / Package Boiler Business Operating profit Net sales and operating profit were up owing to increased orders and progress on projects previously ordered. Net sales Operating profit （Billions of yen） （Billions of yen） +7.3% Operating profit Operating Margin YoY +¥1.3 billion +18.4% 25.00 Y
Slide 16: Equipment and Systems: Orders Received / Order Backlog
Orders Received / Equipment and Systems Business Order Backlog Orders received increased primarily from orders in the building equipment business. Orders received Order backlog （Billions of yen） （Billions of yen） 16.00 16.00 14.32 14.00 +11.2% 14.00 YoY 11.41 +¥0.9 billion 11.64 11.43 11.57 11.16
Slide 17: Equipment and Systems: Net Sales / Operating Profit
Net sales / Equipment and Systems Business Operating profit Net sales and operating profit were up owing to progress on projects previously ordered. Net sales Operating profit （Billions of yen） （Billions of yen） YoY +33.1% +¥3.1 billion +160.8% Operating profit Operating Margin YoY +¥0.5 billion 1
Slide 18: Table of Contents
Table of Contents 1. Overview of FY2024 (Ended 3/2025) Financial Results 2. Financial Forecast for FY2025 (Ending 3/2026) 3. Revision of Financial Targets in 14th Medium-Term Management Plan Copyright 2025 TAKUMA CO., LTD. All Rights Reserved. 17
Slide 19: FY2025 (Ending 3/2026) Results Forecast
FY2025 (Ending 3/2026) Results Forecast Orders received will continue to be steadily linked to strong demand, particularly for waste treatment plants, with the goal of achieving a record high for two consecutive years. Net sales are expected to increase due to growth in the Domestic Environment
Slide 20: FY2025 Results Forecast by Segment
FY2025 (Ending 3/2026) Results Forecast by Segment FYE 3/2026 FYE 3/2024 FYE 3/2025 （Millions of yen） (FY2025) YoY Change (FY2023) (FY2024) Beginning of year forecast Order received Total 160,568 246,301 250,000 +1.5% Domestic Environment and Energy 131,567 214,792 208,500 (2.9%) Overseas Environmen
Slide 21: FY2025 Operating Profit Variance Analysis Forecast
FY2025 (Ending 3/2026) Operating Profit Variance Analysis Forecast (Billions of yen) Profit increased due to Profit decreased due to Although sales increased Profit decreased due to higher sales and improved decline in sales with the inclusion of IHI decline in sales profitability in the EPC Package
Slide 22: Shareholder Return: Dividend
Shareholder Return Dividend In line with the shareholder return policy, the annual dividend per share for FY2025 is expected to be 79 yen, a record high, representing an increase of 12 yen. 1 Enhancing shareholder returns and improving capital efficiency through stable dividends and share repurcha
Slide 23: Shareholder Return: Share Repurchase
Shareholder Return Share Repurchase We plan to repurchase approximately 18 billion yen of treasury shares over the three-year period of the 14th Medium-Term Management Plan (FY2024-2026) in order to improve capital efficiency and enhance shareholder returns. The second repurchase of treasury sha
Slide 24: Capital Policy: Reduce Cross-share Holdings
Capital Policy Reduce Cross-share Holdings In order to further accelerate our reduction effort, we will reduce our cross-shareholdings to less than 15% of its consolidated net assets (selling approximately 7 billion yen worth of shares) by the end of the fiscal year ending March 2027, and will fur
Slide 25: Growth Investments: Human Resources, Capital Investment and R&D
Growth Investments Human Resources, Capital Investment and R&D Actively invest for further business expansion in the future. Human resources investment: Strengthen hiring and training of human resources, especially in Engineering, Construction and Maintenance divisions. Capital investment: Inv
Slide 26: Table of Contents
Table of Contents 1. Overview of FY2024 (Ended 3/2025) Financial Results 2. Financial Forecast for FY2025 (Ending 3/2026) 3. Revision of Financial Targets in 14th Medium-Term Management Plan Copyright 2025 TAKUMA CO., LTD. All Rights Reserved. 25
Slide 27: 14th Medium-Term Management Plan Financial Targets (Summary)
14th Medium-Term Management Plan Financial Targets (Summary) Considering current business performance, total orders received over the three years will be revised upwards to 706.3 billion yen and total ordinary profit over the three years will be revised upwards to 45.0 billion yen, they are main t
Slide 28: 14th Medium-Term Management Plan by Segment
Financial Targets Forecasts 14th Medium-Term Management Plan by Segment FY2024 (Results) FY2025 (Target) FY2026 (Target) 3-year total (JPY millions) Previous Plan Results Previous Plan Revised Plan Previous Plan Revised Plan Previous Plan Revised Plan Orders received Total 230,000 246,301 180,000 25
Slide 29: 14th Medium-Term Management Plan Reasons for the Upward Revision
14th Medium-Term Management Plan Reasons for the Upward Revision Domestic Environment and Energy Business Change from Revised Plan previous forecast* ¥591.7 billion +¥91.3billion 3-year total Takuma has steadily secured orders due to strong demand for the Orders received +18.3% renewal of waste tr
Slide 30: 14th Medium-Term Management Plan Profit Variance Analysis
14th Medium-Term Management Plan Profit Variance Analysis Although we expect an increase in SG&A expenses such as personnel and R&D expenses, we also expect an increase in profit due to higher gross profit in the EPC Business and recurring revenue model businesses. Increased profit in Package Boil
Slide 31: Capital Policy: Cash Allocation
Capital Policy Cash Allocation Focus on growth investments and shareholder returns and execute appropriate cash allocation to increase corporate value. 13th Medium-Term Management Plan period 14th Medium-Term Management Plan period (JPY billions) Growth investments JPY 21 billion Operating Sale of
Slide 32: Terminology
Terminology Term Definition EPC Engineering, procurement, and construction; one approach we use in our plant construction business. O&M Operation and maintenance; one approach we use in our plant operation business. DBO Design, build, and operate; one approach we use in our plant construction and op
Slide 33: Disclaimer
Disclaimer Information related to performance forecasts, business plans, and related topics included in this document is based on data currently available to the Company and on certain assumptions that are deemed to be reasonable. This information includes elements of risk and uncertainty. Please no