Bellpark Co., Ltd. · TSE:9441
Bellpark — H1 2009 Earnings Presentation
19 slides from Bellpark's earnings presentation, Jul 31, 2009
Slide 1: Results of Operations (Six months ended June 30, 2009)
Results of Operations (Six months ended June 30, 2009) - Reference Material - July 31, 2009 Bell-Park Co., Ltd. (Stock code: 9441) http://www.bellpark.co.jp/ http://www.bellpark.co.jp Copyright Bell-Park Co., Ltd
Slide 2: Contents
Contents Introduction: Transition to Non-consolidated Financial Statements Supplementary Material 1 Financial Summaries 2 Operating Summaries Reference Number of SoftBank shops 2 http://www.bellpark.co.jp Copyright Bell-Park Co., Ltd
Slide 3: Transition to Non-consolidated Financial Statements
Transition to Non-consolidated Financial Statements ¾ Until the fiscal year ended December 30, 2007, the Bell-Park Group was made up of Bell-Park and five consolidated subsidiaries. However, in June 2008, a 50% stake in Japan Pro Staff Co., Ltd. was transferred to P and P Corporation, and the former
Slide 4: Supplementary Material 1 Financial Summaries
Supplementary Material 1 Financial Summaries 4 http://www.bellpark.co.jp Copyright Bell-Park Co., Ltd
Slide 5: 1. Net Sales (Consolidated, Non-consolidated)
1. Net Sales (Consolidated, Non-consolidated) (million yen) YoY change (Non-consolidated) Up 27.2% 25,000 20,270 20,000 Non-consolidated 単体 連結 Consolidated 16,941 15,940 15,041 15,000 14,223 11,484 11,610 10,000 8,850 8,931 5,000 0 2005年上期 1H 2005 2006年上期 1H 2006 2007年上期 1H 2007 2008年上期 1H 2008 2009
Slide 6: 2. Ordinary Income (Consolidated, Non-consolidated)
2. Ordinary Income (Consolidated, Non-onsolidated) (million yen) YoY change (Non-consolidated) Up 199.8% 1,600 Non-consolidated 単体 Consolidated 連結 1,392 1,400 1,248 1,262 1,200 1,000 800 600 464 481 371 363 400 281 238 200 0 1H 2005 2005年上期 1H 2006 2006年上期 1H 2007 2007年上期 1H 2008 2008年上期 1H2009年上期 2
Slide 7: 3. Net Income (Consolidated, Non-consolidated)
3. Net Income (Consolidated, Non-consolidated) (million yen) YoY change (Non-consolidated) Up 106.3% 800 743 単体 連結 Consolidated Non-consolidated 700 616 600 600 500 400 360 372 300 194 200 165 98 116 100 0 1H 2005 2005年上期 1H 2006 2006年上期 1H 2007 2007年上期 1H 2008 2008年上期 1H2009年上期 2009 7 http://www.be
Slide 8: 4. SG&A Expenses
4. SG&A Expenses 2005年上期 1H 2005 2006年 1H 2006 上期 2007年 1H 2007 上期 2008年 1H 2008 上期 2009年 1H 上期（単体） 2009 ※ Accounting 決算期 Period 2,123 2,443 3,586 3,530 4,404 Gross profit(million yen) 売上総利益（百万円） 1,056 1,238 1,332 1,738 1,701 Personnel 人件費等（百万円）(million yen) 1,755 2,086 2,324 3,055 3,001 SG&A (milli
Slide 9: 5. Composition of Cash Flows
5. Composition of Cash Flows (million yen) 1,000 2,000 3,000 4,000 5,000 6,000 Cash and cash equivalents at beginning of period 現金及び現金同等物の期首残高 4,806 Income before income taxes 税引前四半期純利益 +1,381 Decrease (increase) in notes and accounts 売上債権の増減額 Operating receivable-trade -1,674 CF +651 Decrease (incr
Slide 10: 6. Net Assets (Consolidated, Non-consolidated)
6. Net Assets (Consolidated, Non-consolidated) (million yen) YoY change (Non-consolidated) Up 22.7% 7,000 Non-consolidated 単体 Consolidated 連結 6,230 6,000 5,078 5,038 5,000 4,576 4,508 4,000 3,761 3,509 3,522 3,091 3,000 2,000 1,000 0 1H 2005 2005年上期 1H 2006 2006年上期 1H 2007 2007年上期 1H 2008 2008年上期 1H
Slide 11: 7. Financial Indicators
7. Financial Indicators 1H 2005 1H 2006 1H 2007 1H 2008 1H 2009 ※ Ratio of ordinary income to total 11.2% 11.4% 30.9% 10.5% 21.6% assets Return on equity 10.8% 11.3% 29.4% 15.2% 25.2% Profitability Cash flow margin - - 1.9% 1.6% 3.2% Gross profit margin 18.5% 21.1% 23.8% 20.8% 21.7% Ratio of ordinar
Slide 12: Supplementary Material 2 Operating Summaries
Supplementary Material 2 Operating Summaries 12 http://www.bellpark.co.jp Copyright Bell-Park Co., Ltd
Slide 13: 1. Number of Stores
1. Number of Stores Make stores into “carrier shops” in response to shifts in customer needs and profitability of this business （Shops） Exceeded Exceeded 170 170 200 stores 4 stores 180 Exceeded 0 Growth Growth in in carrier carrier Exceeded 100 100 shops, shops, which which areare stores stores bec
Slide 14: 2. Store Network
2. Store Network 173 SoftBank shops, in Tokyo, Osaka, Kyoto and eighteen other prefectures (As of June 30, 2009) Area Stores SoftBank shop No. of stores Direct Franchise Touhoku 2 10 Hokuriku 1 1 K a n t o 89 3 T o u k a i 19 18 K a n s a i 9 17 Chugoku 3 1 Subtotal 123 50 14 http://www.bellpark.co.
Slide 15: 3. Number of Mobile Phones Sold
3. Number of Mobile Phones Sold Mobile phone First-time subscribers (2G) First-time subscribers (3G) upgrades vs. 新規販売2G 新規販売3G 機種変更2G * 3G handset 機種変更3G addition 3G買い増し Handset upgrades (2G) Handset upgrades (3G) （Units） Sales to first- - 20,000 40,000 60,000 80,000 100,000 120,000 time users 32,9
Slide 16: 4. Changes in Composition of First-time-User Sales Channels
4. Changes in Composition of First-time-User Sales Channels 100% 10.8% 8.1% 10.8% 8.1% 4.3% 20.0% 4.5% 0.3% 90% 7.5% 0.3% 8.1% 0.4% 80% 0.8% 0.6% 1.0% 70% 60% 50% 91.4% 93.5% 84.0% 40% 80.3% 74.2% 30% 代理店・量販店営業 Agent/GMS sales 20% 法人営業 sales Corporate 自社ブランドショップ Bell-park brandshops 10% SoftBank Sof
Slide 17: Reference: Number of SoftBank shops
Reference Number of SoftBank shops 17 http://www.bellpark.co.jp Copyright Bell-Park Co., Ltd
Slide 18: SoftBank Shops
SoftBank Shops (Shops: Number of SB shops) (Shops: Increase in number of shops) 3,000 140 SB shops ショップ数 Increase in 120 2,500 number 店舗増減数of shops Having Having aggressively aggressively expanded expanded its its store store 100 network network through through the the first first half half of of 20
Slide 19: Forward-Looking Statements
Forward-Looking Statements All plans, strategies and financial forecasts that are not based on historical facts are forward-looking statements. Such statements are based on the judgment of management in accordance with information available when these materials were prepared. Actual results may diff