Take And Give. Needs Co., Ltd. · TSE:4331
Take And Give. Needs — Q3 FY2013 Earnings Presentation
37 slides from Take And Give. Needs's earnings presentation, Feb 22, 2013
Slide 1: Briefing Materials for First Three Quarters of FY Ending March 31, 2013
g (3 a eeccmc y E N BEDS TAKE AND GIVE. NEEDS Co., LTD. Briefing Materials for First Three Quarters of FY Ending March 31, 2013
Slide 2: Disclaimer
This material is intended to provide information about the business performance and strategy of Take and Give. Needs Co., Ltd. (T&G). It is not intended to be and should not be construed as an inducement to purchase or sell stock in T&G. Statements in this presentation and at any explanatory meeting
Slide 3: Agenda
I. Results of First Three Quarters of the FY Ending March 2013 P4-P14 1. Summary of Results PS 2. Revisions to Revenue Plans P6 3-1. Consolidated Financial Results P7-P12 3-2. Consolidated Balance Sheets P13-P14 II. Consolidated Revenue Plans & Priority Measures of the FY Ending March 2013. ~—~P15-P
Slide 4: Results of First Three Quarters of the FY Ending March 2013
Results of First Three Quarters of the FY Ending March 2013
Slide 5: Summary of Results
I will begin by presenting a summary of results for the first three quarters of the fiscal year ending March 2013. Results for the first three quarters were strong, with sales reaching a record high with a steady 7.4% gain year on year. I would like to raise the following four points: First, the
Slide 6: Revisions to Revenue Plans
I would now like to explain the revisions to our revenue plans for fiscal 2013. As I mentioned earlier, the number of weddings ordered and the average wedding and party unit price increased steadily in the first three quarters, and we made Bride’s word Co., Ltd a consolidated subsidiary in Decembe
Slide 7: Consolidated Financial Results
Now I would like to explain the outline of our consolidated financial results. During the first three quarters of the fiscal year, both sales and income exceeded plans and increased over the same period last year. Our three-year medium-term business plan, “153P” (announced on February 3, 2012), w
Slide 8: Sales by Business Segment
I will now explain changes in sales and share of sales by business segment. We are steadily pursuing our three-year medium-term business plan, “153P,” which has three priority strategies. The first strategy of 153P is to strengthen directly operated venues. This is a core business exceeding 80% o
Slide 9: Domestic Wedding Business
Continuing on, here is what is happening in our domestic wedding business. In directly operated venues, pursued differentiation through its completely original wedding concept, the “One Heart Wedding.” The number of weddings handled in the first three quarters increased by 4.6% year on year to 7,6
Slide 10: Overseas and Resort Wedding Business
Continuing on, I would like to discuss the overseas and resort wedding business. Resort weddings continued to take off as a result of the successful expansion of our sales network. The number of weddings handled increased, with our mainstay Hawaii and Guam operations remaining strong. The Company
Slide 11: Gross Profit and Operating Income
I would now like to explain certain items related to gross profit and operating income. Due to the expansion of net sales, gross profit increased by ¥1,285 million compared to the same period last year, to ¥20,439 million. This year in order to meet the goals of our three-year medium-term busines
Slide 12: Ordinary Income and Net Income
I would now like to talk about ordinary income and net income. Looking at the breakdown of net non- operating income/loss, interest paid declined by ¥87 million (a decrease of 23% over the same period last year) due to the decrease in interest-bearing liabilities and a decline in interest rates.
Slide 13: Consolidated Balance Sheets: Assets
Now let me touch on the asset side of the consolidated balance sheets. Total assets had increased ¥2,535 million as of the end of the third quarter compared to the end of the previous fiscal year, reaching ¥45,925 million. Total assets increased ¥5,153 million as a result of the consolidation of
Slide 14: Consolidated Balance Sheets: Liabilities and Net Assets
Now I will discuss the liabilities and net asset side of the consolidated balance sheets. Total interest-bearing liabilities resulting from the acquisition of Bride’s word and its liabilities (hereinafter, BW-related interest- bearing liabilities) amounted to ¥3.3 billion at the end of the third q
Slide 15: Consolidated Revenue Plans & Priority Measures of the FY Ending March 2013
Consolidated Revenue Plans & Priority Measures of the FY Ending March 2013
Slide 16: Priority Measures for the Year Ending March 2013
I will explain the priority measures for the year ending March 2013. We have been reinforcing directly operated venues with a strategy based on launching new venues and carrying out M&As. In line with this strategy, we acquired shares in Bride’s word (Nagoya, Aichi prefecture) and made it a consol
Slide 17: Acquisition of Bride's word Co., Ltd.
In December 2012, we acquired a 60.6% equity stake (acquisition cost of ¥940 million) in Bride’s word Co., Ltd, a hotel and wedding company with a particular strength in facility renovation, and made this company a consolidated subsidiary. The scale of the business in the fiscal year ended Decembe
Slide 18: Overview of Bride's word's Facilities
I would like to give you an overview of Bride’s word’s facilities. Bride’s word operates a total of six facilities, including renovated facilities, historical buildings and several banquet halls. The company’s strength lies in its expertise in planning concepts and designs tailored to the feature
Slide 19: Synergistic Effects of the Two Companies
I would like to explain the synergistic effects between our two companies. Our growth strategy going forward envisions that, by utilizing the strengths of T&G and Bride’s word, this consolidation will lead to an expansion in our business areas and improve profitability. Specifically, Bride’s word
Slide 20: Facility Details (1/6) Harmonie Terrasse
| | 2-1. <Topicl> (Reference) Facility Details (1/6) ~Hotel renovation~ 537-3 Higashi-yama, Nagarashidami, Gifu City, Gifu HARMONIE TERRASSE |} prefecture Opened in July 2006 @Renovation of the noted, well-established Nagaragawa Hotel set on the Nagara River, which runs through central Gifu City @On
Slide 21: Facility Details (2/6) Harmonie Embrassee
El 2-1. <Topicl > (Reference) Facility Details (2/6) ~Hotel renovation~ HARMONIE EMBRASSEE 7-20 Chayamachi, Kita-ku, Osaka, Osaka Prefecture Opened in April 2010 @A luxury wedding hotel designed by world-renowned architect Tadao Ando @‘The Michelin Guide Kyoto Osaka Kobe Nara 2013” awarded this hote
Slide 22: Facility Details (3/6) Harmonie Cinq
Eg 2-1. <Topic1> (Reference) Facility Details (3/6) ~Renovation of public facility~ HARMONIE CINQ 12-3 Otemachi Kokurakita-ku, Kitakyushu, Fukuoka Prefecture Opened in October 2010 @Kitakyushu City properties Kitakyushu Kosei Nenkin Kaikan and Well City Kokura were renovated to create this stylish u
Slide 23: Facility Details (4/6) Harmonie Bien
Eig 2-1. <Topic1 > (Reference) Facility Details (4/6) ~Historical structure~ 3-5-15 Ote, Matsumoto, Nagano HARMONIE BIEN _ | Prefecture Opened in April 2008 Previously used as the Matsumoto branch of the former Dai-Ichi Kangyo Bank, registered as a tangible cultural property @This building was renov
Slide 24: Facility Details (5/6) Harmonie H
Ei 2-1. <Topic1 > (Reference) Facility Details (5/6) ~Historical structure~ 47 Minamimachi, Himeiji, HARMONIE H Hyogo Prefecture Opened in March 2011 @Renovation preserved the dignified feeling unique to a historical building (in this case, a former Sanwa Bank building) @One chapel, two banquet hall
Slide 25: Facility Details (6/6) Harmonie Villa Eau Jardin
Ei 2-1. <Topicl > (Reference) Facility Details (6/6) ~Facility with multiple banquet halls~ 3-10-7 Rinkucho, Tokoname, HARMONIE VILLA EAU JARDIN | Aichi Prefecture Opened in October 2007 @Wedding facility with a resort feel located right in front of the Ise Bay and overlooking the Chubu Internationa
Slide 26: Victoria Garden Ebisu Geihinkan
We acquired the operating rights for a house wedding facility in the Ebisu area in Shibuya, Tokyo, and resumed operations in February 2013 under the new name Victoria Garden EBISU GEIHINKAN. Victoria Garden EBISU GEIHINKAN is a house wedding facility that can be fully rented, located in a prime l
Slide 27: Affiliation with The Crown Palais New Hankyu Kochi
We formed an affiliation with The Crown Palais New Hankyu Kochi (the former Kochi New Hankyu Hotel) (Kochi City, Kochi Prefecture), the largest hotel in Kochi, and decided to begin undertaking the wedding business there from March. This hotel was opened as the Kochi New Hankyu Hotel in 1985, and w
Slide 28: Overseas Strategy: Asia Wedding Production
I would like to explain our overseas strategy. Currently, we are expanding our Asia wedding production business primarily in Shanghai. We have already established a local office in Shanghai, and have opened a salon as our marketing base. While pursuing affiliations with five-star hotels, we are bu
Slide 29: The Makana Chapel in Waikiki, Hawaii
We will open our own chapel, The Makana Chapel, within the renowned Sheraton Waikiki Hotel, located in central Honolulu, Hawaii, in June 2013. The Makana Chapel is located just in front of world-famous Waikiki Beach. The beautiful natural environment and the celebrated hotel’s warm hospitality wil
Slide 30: Agreements with Five-Star Hotels in Shanghai
We have now concluded agreements with five-star hotels in Shanghai, namely the Park Hyatt Shanghai, The Ritz-Carlton Shanghai, Pudong, and the Four Seasons Hotel Pudong, Shanghai (all in Shanghai, China). Many of the wedding receptions that T&G produces in China are held at famous hotels such as t
Slide 31: 153P Progress and Dividend Forecast of the FY Ending March 2013
153P Progress and Dividend Forecast of the FY Ending March 2013 *153P : Three-Year Medium-Term Business Plan for FY Ending March 2013 to FY Ending March 2015 *Announced on February 3, 2012 For details, please see: http: //pdf.irpocket.com/C4331 /oWM7/VU7I/JVyi.pdf
Slide 32: Numerical Goals for the Final FY of 153P
These figures have already been released, but I will explain the 153P numerical goals again. In 153P, we will aim to achieve healthy growth by focusing on both growth and strengthening of our financial base. In FY ending March 2015, the final year of 153P, we are targeting sales of ¥60 billion, o
Slide 33: Growth Picture of 153P and Strategies
On this slide, we see an image of 153 P growth and our priority strategies. We pursue three growth strategies to achieve ¥60 billion in consolidated net sales. The first strategy is to strengthen directly operated venues. To this end, we will pursue “One Heart Wedding” to differentiate T&G from i
Slide 34: 153P Progress: Consolidated Sales
I would like to explain progress in achieving the 153P goal for consolidated sales in this fiscal year. As I mentioned before, the directly operated venues, production-partnership venues and overseas businesses expanded steadily, and in addition our new subsidiary Bride’s word will contribute to e
Slide 35: 2020 Target
The Group has set a “2020Target” to achieve its vision for T&G by fiscal 2020. We are aspiring to “establish our position as a global company” and “become a general life service company” with consolidated sales of ¥100 billion. We plan to achieve these goals with three-year medium-term business pl
Slide 36: Dividend Forecast of FY Ending March 2013
Now I will explain the dividend forecast for the year ending March 2013. The Group’s basic policy is to make appropriate and stable distribution of earnings to our shareholders while continuing to make investments to ensure ongoing growth for the company. In line with this policy, we planned to m
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Take and Give. Needs — Q3 FY2013 Earnings Presentation on 6ix