Kajima Corporation · TSE:1812
Kajima — H1 FY2022 Earnings Presentation
28 slides from Kajima's earnings presentation, Nov 10, 2022
Slide 1: FY2022 First Half Financial Results
FY2022 First Half Financial Results November 10, 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) 13 3 Supplementary Materials 22 Copyright Ⓒ 2022 KAJIMA CORPORATION All Rights Reserved. 2
Slide 3: Financial Results and Forecast
1 Financial Results and Forecast 1. FY2022 First Half Results 2. FY2022 Forecast 3. Segment Performance 4. Stockholder Returns Copyright Ⓒ 2022 KAJIMA CORPORATION All Rights Reserved. 3
Slide 4: FY2022 First Half Results Financial Highlights
Financial Results and Forecast 1. FY2022 First Half Results Financial Highlights Consolidated and non-consolidated revenue and income increase YoY Note: FY2022 H1 results are based on the exchange rate at the end of June 2022 (JPY136.68/USD1.00) Consolidated Non-Consolidated FY2022 FY2022 FY2021 FY2
Slide 5: FY2022 Forecast
Financial Results and Forecast 2. FY2022 Forecast Full-year forecast revised upward, consolidated net income of 100 billion yen expected Note: The updated forecast for FY2022 is based on the exchange rate at the end of September 2022 (JPY144.81/USD1.00) Consolidated Non-Consolidated FY2022 FY2022 Ch
Slide 6: 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. FY2022 Q2 Results • Contract awards increased YoY mainly due to orders for large-scale construction projects and additional amended contracts • Revenues in
Slide 7: 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. FY2022 Q2 Results • Contract awards increased substantially YoY due to multiple orders for large-scale construction projects including for production f
Slide 8: 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. FY2022 Q2 Results • Performance was in line with that of the same period of the previous fiscal year due to stable profits in the leasing business FY20
Slide 9: 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. FY2022 Q2 Results • Contract awards increased YoY mainly due to orders for large-scale construction projects • Revenues increased due to steady progress
Slide 10: 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. FY2022 Q2 Results • Contract awards increased YoY due to orders for large-scale projects in multiple regions • Revenues increased YoY at each local subs
Slide 11: Overseas Subsidiaries: Construction and Real Estate Development Breakdown
Financial Results and Forecast 3. Segment Performance Overseas Subsidiaries and Affiliates (breakdown by construction and real estate development segments) Real estate development business remains strong, especially in the U.S., and contributes to earnings * Figures for each business segment are bef
Slide 12: Stockholder Returns
Financial Results and Forecast 4. Stockholder Returns Decided to acquire 10 billion yen of its own share Total return ratio is expected to be around 38 FY2020 FY2021 FY2022 Yen Result Result Updated Forecast Dividend per Share ¥54 ¥58 ¥58 Basic Net Income per Share ¥193.13 ¥208.00 ¥203.02 Payout Rat
Slide 13: 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. Reduction of Cross-Shareholdings Copyright Ⓒ 2022 KAJIMA CORPORATION All Rights Reserved. 13
Slide 14: 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 15: Further Strengthen Core Businesses: Construction Business
Progress on Medium-Term Business Plan 1. Progress on Key Measures １ Further strengthen core businesses Construction Business Orders from the manufacturing sector increased, Sales in the renewable energy sector increased including for production facilities in priority areas Contract awards for manufa
Slide 16: 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 Domestic Real Estate Development Business acquires multiple new revenue sources FY2022 H1 Investment and capital recovery Assets increased by completing new projects I
Slide 17: 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 In the overseas real estate development business, the distribution warehouse development business and the sale of apartment complexes progressed steadily FY2022 H1 Inv
Slide 18: Strive to Create New Value
Progress on Medium-Term Business Plan 1. Progress on Key Measures 2 Strive to create new value Began business in Poland to develop power Promoting development of a carbon-free society plants that use renewable energy First results of the Green Innovation Fund Project, which provides support for carb
Slide 19: 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 Revised CO2 emissions reduction target Established a technology that assists in the We aim to have our targets validated by the Science
Slide 20: Progress on Financial Targets and Investment Plan
Progress on Medium-Term Business Plan 2. Progress on Financial Targets and Investment Plan Steady progress against the three-year investment total set forth in the medium-term business plan Medium-Term Business FY2021 + FY2022 H1 Plan FY2022 H1 Result (FY2021-2023) Result Billions of yen Domestic /
Slide 21: Reduction of Cross-Shareholdings
Progress on Medium-Term Business Plan 3. Reduction of Cross-Shareholdings Cross-Shareholdings In order to sell more than 30 billion yen in three years, as stated in the medium-term business plan, we have been selecting stocks to sell, and in the first half of FY2022, we sold 12 stocks with a value o
Slide 22: 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. 22
Slide 23: Domestic Real Estate Development Business: Changes in Assets
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 development (billions of Yen) By area B
Slide 24: Domestic Real Estate Development Business Net Income
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 25: Overseas Real Estate Development Business: Changes in Assets
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 development (billions of Yen) By area By
Slide 26: Overseas Real Estate Development Business Net Income
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 27: 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 Yokohama Connect Square Office and hotel Kanagawa prefecture Joint project Approx. 121,700㎡ Jan-2023 Hilton Okinawa Miyakojima Re
Slide 28: Inquiries and Disclaimer
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