Takashima & Co., Ltd. · TSE:8007
Takashima & — H1 FY2024 Earnings Presentation
30 slides from Takashima &'s earnings presentation, Nov 29, 2024
Slide 1: FY24 First Half Financial Briefing
Notice: This document is translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail. Fiscal Year Ending March 31, 2025(FY24) First Half Financial Brief
Slide 2: Contents
Contents 1| FY24 H1 Financial Highlights 2| FY24 Consolidated Financial Forecast 3| Shareholder Return 4| Progress of Medium-term Management Plan “Sustainability V (Value)” ©2024 Takashima & Co., Ltd. 2
Slide 3: 1. FY24 H1 Financial Highlights
1. FY24 H1 Financial Highlights ©2024 Takashima & Co., Ltd.
Slide 4: Executive Summary
Executive Summary ➢ Consolidated financial results for FY24 H1: Increase sales and decrease profits Profit attributable to owners of Net sales Operating profit Ordinary profit parent ¥46,392M ¥908M ¥833M ¥482M YoY +10.4% YoY (8.9)% YoY (27.6)% YoY (32.0)% ➢ FY24 consolidated financial forecast Net s
Slide 5: Consolidated Performance: P/L
Consolidated Performance: P/L ✓ Sales increased in all three segments. ¥46,392M, up 10.4 % year-on-year ✓ Operating profit decreased due to an increase in SG&A expenses resulting from an increase in the number of consolidated subsidiaries and an increase in amortization of goodwill and customer-rela
Slide 6: Transition of EBITDA
Transition of EBITDA ✓ EBITDA increase YoY ¥1,706M, YoY 9.9% （Millions of yen） 3,500 3,500 3,091 3,000 3,000 2,613 496 2,500 2,500 331 846 2,000 630 2,000 Goodwill 1,706 Depreciation 1,552 304 1,500 Operating profit 1,500 179 EBITDA 375 492 1,000 1,000 1,748 781 616 1,651 26 152 500 152 998 243 908
Slide 7: Our Three Business Segments
Our Three Business Segments Net sales configuration by segment 65.0 18.4 16.6 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Construction Supply Segment Industrial Materials segment Electronic Devices Segment The company handles a variety of commercial We handle a wide variety of commercial In devices,
Slide 8: Information About Segments
Information About Segments <Segment sales> (Unit: Millions of yen) FY24 H1 Segment FY23 H1 FY24 H1 Amount of change Amount of ratio Segment sales composition Construction Supply 26,315 30,178 3,863 14.7% Industrial Materials 8,205 8,547 341 4.2% 16.6% Electronic Devices 7,412 7,682 270 3.6% Real Est
Slide 9: Briefing by Segment: Construction Supply
Briefing by Segment: Construction Supply ✓ In the construction materials field, sales increased due to the acquisition of large projects and the contribution of Gansui Corporation, which became a consolidated subsidiary in June 2023, for six months in this period, compared with two months in the sam
Slide 10: Briefing by Segment: Industrial Materials
Briefing by Segment: Industrial Materials ✓ In the Plastic-related materials field, orders increased mainly for automobile parts and logistics materials for electronic and precision equipment parts, but sales decreased due to the sale of Takashima Robot Marketing Co., Ltd. ✓ Sales of textile-related
Slide 11: Briefing by Segment: Electronic Devices
Briefing by Segment: Electronic Devices ✓ In the devices segment, orders increased due to progress in shipments of product inventories that had accumulated in the overall market as a result of changes in consumption trends after Covid-19, and progress in shipments of parts inventories that had accum
Slide 12: Consolidated Performance B/S
Consolidated Performance B/S The end of FY23 The end of FY24 H1 (March 31, 2024) ¥(4,120)M (September 30, 2024) Total assets:¥60,409M Total assets:¥56,288M Main reasons Equity ratio39.0% Decrease of Notes and Equity ratio:42.8% accounts payable –trade and Income tax payable (Unit: Millions of yen) (
Slide 13: Consolidated Performance B/S: Main factor of change
Consolidated Performance B/S (Unit: Millions of yen) FY23 FY24 H1 Amount of change Ratio of change Assets Current assets ★ Cash and deposits 12,371 9,058 (3,312) (26.8)% Notes and accounts receivable - trade, and ★ Electronically recorded monetary claims - 23,438 21,967 (1,470) (6.3)% Main factor of
Slide 14: Consolidated Performance B/S: Main factors of change
Consolidated Performance B/S (Unit: millions of yen) FY23 FY24 H1 Amount of change Ratio of change Liabilities Current liabilities Notes and accounts payable trade 16,647 14,494 (2,152) (12.9)% Electronically recorded obligations – operating 5,585 5,607 21 0.4% Short-term borrowings 4,807 4,484 (323
Slide 15: Consolidated Performance C/F
Consolidated Performance C/F (Unit: millions of yen) FY23 H1 FY24 H1 Amount of change Cash flows from operating activities (124) (1,243) (1,118) Cash flows from investing activities (4,167) (728) 3,439 Cash flows from financing activities 2,052 (1,632) (3,685) Effect of exchange rate change on cash
Slide 16: 2. FY24 Consolidated Performance Forecast
2. FY24 Consolidated Performance Forecast ©2024 Takashima & Co., Ltd.
Slide 17: FY24 Consolidated Performance Forecast
FY24 Consolidated Performance Forecast No change. （Unit: millions of yen） FY24 Amount of Result of FY24 FY23 Ratio of change Progress Forecast change H1 Net sales 90,120 94,000 3,879 4.3% 46,392 49.4% Operating profit 1,748 2,000 251 14.4% 908 45.4% Operating profit 1.9% 2.1% 0.2pt - - - margin Ordi
Slide 18: FY24 Consolidated Forecast by Segment
FY24 Consolidated Forecast by Segment No change. Net sales (Unit: millions of yen) FY23 (reference) FY24 Results after new segment Amount of change Ratio of change Result of FY24 H1 Progress reclassification Forecast Construction Supply 58,180 59,700 1,519 2.6% 30,178 50.6% Industrial Materials 17,1
Slide 19: 3. Shareholder Return
3. Shareholder Return ©2024 Takashima & Co., Ltd.
Slide 20: Shareholder Return
Shareholder Return - During the period of the medium-term management plan, we will provide more proactive shareholder returns than ever before. Basic Policy Consolidated payout ratio: 80% or more Total return ratio: 100% Lower limit of total return amount: ¥500M Transition of dividend per share, con
Slide 21: 4. Progress of the Medium-term Management Plan, Sustainability V(Value)
4.Progress of the Medium-term Management Plan, Sustainability V(Value) ©2024 Takashima & Co., Ltd.
Slide 22: Our Goals
Our Goals “Sustainability V” will simultaneously achieve adaptation to a sustainable society and sustainable growth through value creation strategies that capture growth opportunities in a changing market toward "Achieving a Carbon Neutral Society (2050)". 2050 Achieving a Carbon Neutral Society Sus
Slide 23: Our Continuous Growth Story
Our Continuous Growth Story New value creation for the needs of energy- Growth Value Creation savings and labor-savings Opportunities Our Function Strategic Domain Growth [Construction Supply] Nationwide domestic procurement and sales network Energy-savings and Labor-savings -8 domestic sales office
Slide 24: Management Indicators and Financial Policies
Sustainability V(Value) Management Indicators and Financial Policies - We set management indicators and financial policies that focus on growth. - We aim to achieve profit attributable to owners of parent of ¥1.9 billion in the final year of the plan (fiscal year ending March 31, 2026). Growth Inves
Slide 25: Progress of Sustainability V(Value)
Progress of Sustainability V(Value) Basic Policy Progress ◼ Pursuing a strategy of providing multiple values by seizing growth ◼ Sustainable growth of existing businesses and Improvement opportunities in the market and gradually improving profit margins over raising of profit base the medium- to lon
Slide 26: Sustainability Roadmap
Sustainability Roadmap ©2024 Takashima & Co., Ltd. 26
Slide 27: Measures to Achieve Management Conscious of Cost of Capital and Stock Price
Measures to Achieve Management Conscious of Cost Capital and Stock Price ©2024 Takashima & Co., Ltd.
Slide 28: Current Status
Current Status - ROE at the end of the fiscal year ended March 31, 2024 increased by 14.1 pt to 22.4% from the previous year due to the increase in profit attributable to owners of parent, which exceeded the cost of equity. - P/B ratio of 0.94x at the end of the fiscal year ended March 31, 2024 - We
Slide 29: Policies and goals for improvement; Specific measures
(1) Policies and goals for improvement (2) Specific measures for improvement • Achieve ROE target of 8.0% or more and ROIC target of 6.0% or more in the final year of the (1) medium-term management plan (fiscal year ending March 31, 2026) Policies and goals for • Steadily implement initiatives based
Slide 30: Inquiries on this document
Inquiries on this document IR and PR Unit, Takashima & Co., Ltd. ir@ta.tak.co.jp URL https://www.tak.co.jp/en/ir/contact1.html ■ Handling of this document [Precautions regarding forecasts] The data and predictions for the future disclosed in this document are based on judgments as of the release dat