Kajima Corporation · TSE:1812
Kajima — FY2021 Earnings Presentation
30 slides from Kajima's earnings presentation, May 13, 2022
Slide 1: FY2021 Financial Results
FY2021 Financial Results May 13, 2022 Copyright Ⓒ 2022 KAJIMA CORPORATION All Rights Reserved.
Slide 2: Agenda
1 Financial Results and Forecast 3 2 Progress on Kajima Group Medium-Term Business Plan (FY2021-2023) 11 3 Supplementary Materials 17 Copyright Ⓒ 2022 KAJIMA CORPORATION All Rights Reserved. 2
Slide 3: Financial Results and Forecast
1 Financial Results and Forecast 1. FY2021 Results 2. FY2022 Forecast 3. Segment Performance Copyright Ⓒ 2022 KAJIMA CORPORATION All Rights Reserved. 3
Slide 4: FY2021 Results: Financial Highlights
Financial Results and Forecast 1. FY2021 Results Financial Highlights Achieved higher revenues and income mainly due to profits at overseas subsidiaries and affiliates Consolidated Non-Consolidated FY2020 FY2021 FY2021 FY2021 YoY Change YoY Change Result Result Forecast Result Billions of yen Revenu
Slide 5: FY2021 Results: Financial Positions
Financial Results and Forecast 1. FY2021 Results Financial Positions Consolidated FY2020 FY2021 FY2021 YoY Change Result Result Forecast Billions of yen Total Assetes 2,164.8 2,337.7 172.9 ― Interest-bearing Debt 317.0 359.9 42.8 430.0 Owners' Equity 874.8 945.7 70.8 ― Owners' Equity Ratio 40.4% 40.
Slide 6: FY2022 Forecast
Financial Results and Forecast 2. FY2022 Forecast Maintain and improve performance by developing businesses that rigorously implement risk management Consolidated Non-Consolidated FY2021 FY2022 FY2021 FY2022 YoY Change YoY Change Result Forecast Result Forecast Billions of yen Revenues 2,079.6 2,270
Slide 7: Segment Performance: Civil Engineering (Kajima Corp)
Financial Results and Forecast 3. Segment Performance Civil Engineering (Kajima Corp) Contracts Revenues Gross Profit JPY bil. JPY bil. JPY bil. FY2021 Results • Contract awards were below the level of FY2020, mainly due to a decline in private-sector work • Revenues were largely as forecasted, desp
Slide 8: Segment Performance: Building Construction (Kajima Corp)
Financial Results and Forecast 3. Segment Performance Building Construction (Kajima Corp) Contracts Revenues Gross Profit JPY bil. JPY bil. JPY bil. FY2021 Results • Contract awards were lower than forecast due to postponement of secured projects and highly probable projects • Revenues increased ove
Slide 9: Segment Performance: Real Estate and Other (Kajima Corp)
Financial Results and Forecast 3. Segment Performance Real Estate and Other (Kajima Corp) Contracts Revenues Gross Profit JPY bil. JPY bil. JPY bil. FY2021 Results • Although revenues and profits declined compared to FY2020, when large-scale projects were successfully sold, new rental properties beg
Slide 10: Segment Performance: Domestic Subsidiaries and Affiliates
Financial Results and Forecast 3. Segment Performance Domestic Subsidiaries and Affiliates Contracts Revenues Net Income JPY bil. JPY bil. JPY bil. FY2021 Results • Contract awards were on the same level as in FY2020 • Revenues decreased from FY2020 due to the adoption of the Accounting Standard for
Slide 11: Segment Performance: Overseas Subsidiaries and Affiliates
Financial Results and Forecast 3. Segment Performance Overseas Subsidiaries and Affiliates Contracts Revenues Net Income JPY bil. JPY bil. JPY bil. FY2021 Results • Contract awards increased in all regions and significantly exceeded FY2020 level • Revenues increased compared to FY2020 due to increas
Slide 12: Overseas Subsidiaries and Affiliates: Construction and Real Estate Breakdown
Financial Results and Forecast 3. Segment Performance Overseas Subsidiaries and Affiliates (breakdown by construction and real estate development segments) Overseas subsidiaries and affiliates significantly increased their real estate development business profits * Figures for each business segment
Slide 13: Segment Performance: Overseas Revenues
Financial Results and Forecast 3. Segment Performance Overseas Revenues Total overseas revenue to consolidated revenue grows to 30% Overseas revenue ratio Overseas revenues (billion yen) • As a result of our efforts to build a business foundation and to invest strategically, the ratio of overseas re
Slide 14: Progress on Kajima Group Medium-Term Business Plan (FY2021-2023)
2 Progress on Kajima Group Medium-Term Business Plan (FY2021-2023) 1. Progress on Key Measures 2. Progress on Financial Targets and Investment Plan 3. Financial Measures and Stockholder Returns Copyright Ⓒ 2022 KAJIMA CORPORATION All Rights Reserved. 14
Slide 15: Progress on Key Measures
Progress on Medium-Term Business Plan 1. Progress on Key Measures Kajima Group Medium-Term Business Plan (FY2021-2023) -Forward-Looking Investment １ 2 3 Establish a strong Further strengthen Strive to create management foundation and core businesses new value promote ESG measures for growth and tran
Slide 16: Further Strengthen Core Businesses: Construction Business
Progress on Medium-Term Business Plan 1. Progress on Key Measures １ Further strengthen core businesses Construction Business Won contract awards for large-scale Promoted offshore wind power projects projects in priority areas Large-scale mixed-use facilities • Participated as a cooperative company i
Slide 17: Further Strengthen Core Businesses: Domestic Real Estate Business
Progress on Medium-Term Business Plan 1. Progress on Key Measures １ Further strengthen core businesses Domestic Real Estate Business The domestic real estate development business expanded investment in regional urban centers in addition to the Tokyo metropolitan area 2021 Investment and Capital Reco
Slide 18: Further Strengthen Core Businesses: Overseas Real Estate Business
Progress on Medium-Term Business Plan 1. Progress on Key Measures １ Further strengthen core businesses Overseas Real Estate Business The overseas real estate development business contributes to Company-wide performance by promoting investment in the distribution warehouse development business and th
Slide 19: Strive to Create New Value
Progress on Medium-Term Business Plan 1. Progress on Key Measures 2 Strive to create new value Proactively promoted businesses that solve Promoted open innovation social challenges Developed smart society businesses that use hydrogen Constructing a base for open innovation in Southeast Asia derived
Slide 20: Strong Management Foundation and ESG Measures
Progress on Medium-Term Business Plan 1. Progress on Key Measures Establish a strong management foundation and promote ESG measures for growth and 3 transformation Accelerated "Triple Zero2050" activities Secure next generation workforce Maintaining and strengthening the supply chain Eco-friendly ma
Slide 21: Progress on Financial Targets
Progress on Medium-Term Business Plan 2. Progress on Financial Targets and Investment Plan Made steady progress on management targets outlined in the medium-term business plan Financial Target of Medium-Term Business Plan Consolidated Consolidated FY2021 FY2022 FY2023 FY2024-26 FY2030 Billions of ye
Slide 22: Progress on Investment Plan
Progress on Medium-Term Business Plan 2. Progress on Financial Targets and Investment Plan Progressed steadily and achieved about 30% of investment plan Medium-Term FY2021 Result Business Plan Billions of yen (FY2021-2023) Domestic / Overseas Real Estate Development (Recoup of Investment) 193.0 107.
Slide 23: Financial Measures and Stockholder Returns
Progress on Medium-Term Business Plan 3. Financial Measures and Stockholder Returns Cross-Shareholdings In order to sell more than 30 billion yen in three years, as stated in the mid-term management plan, we have been selecting stocks to sell, and in FY2021, the first year of the plan, we sold 16 st
Slide 24: Supplementary Materials
3 Supplementary Materials 1. Current Situation and Changes in the Domestic Real Estate Development Businesses 2. Current Situation and Changes in the Overseas Development Business 3. Main Projects Under Development Copyright Ⓒ 2022 KAJIMA CORPORATION All Rights Reserved. 24
Slide 25: Current Situation and Changes in Domestic Real Estate Development Business
Supplementary Materials 1. Current Situation and Changes in the Domestic Real Estate Development Business Changes in domestic real estate (Current situation of domestic real estate development assets development assets) In-operation vs under By sales and lease (billions of Yen) development By area B
Slide 26: Domestic Real Estate Development Net Income Breakdown
Supplementary Materials 1. Current Situation and Changes in the Domestic Real Estate Development Business Domestic real estate development (Breakdown by Business Segment) business net income Leasing Business (billions of Yen) (billions of Yen) Sales Business Figures are the sum of Kajima Corporation
Slide 27: Current Situation and Changes in Overseas Real Estate Development Business
Supplementary Materials 2. Current Situation and Changes in the Overseas Real Estate Development Business Changes in overseas real estate (Current situation of overseas real estate development assets development assets) In-operation vs under By holding period (billions of Yen) development By area By
Slide 28: Overseas Real Estate Development Net Income by Subsidiary
Supplementary Materials 2. Current Situation and Changes in the Overseas Real Estate Development Business Overseas real estate development (Breakdown by Major Overseas Subsidiaries) business net income (billions of Yen) (billions of Yen) KUSA (North America) KAP (Asia) KE (Europe) Total of net incom
Slide 29: Main Projects Under Development
Supplementary Materials 3. Main Projects Under Development Major domestic development projects Project Name Primary Use Location Business Type Total floor area Completion KUDAN-KAIKAN TERRACE Office Chiyoda-ku, Tokyo Joint project Approx. 68,000㎡ Jul-2022 MM37 Tower (tentative name) Office and hotel
Slide 30: Inquiries
Inquiries: Corporate Communication Group, Corporate Planning Department E-Mail ： ir@ml.kajima.com Disclaimer: All financial information has been prepared in accordance with generally accepted accounting principles in Japan. While every attempt has been made to ensure the accuracy of information, for