Takamiya Co., Ltd. · TSE:2445
Takamiya — Q1 FY2022 Earnings Presentation
29 slides from Takamiya's earnings presentation, Aug 5, 2021
Slide 1: Results Briefing Materials for the First Quarter of the Fiscal Year Ending March 31, 2022
Results Briefing Materials for the First Quarter of the Fiscal Year Ending March 31, 2022 Takamiya Co., Ltd. (2445:Tokyo) Notice: This document is an excerpt translation of the original Japanese Grand Front Osaka Tower-B Bldg. 27F, document and is only for reference purposes. 3-1, Ofuka-cho, Kita-ku
Slide 2: Agenda
Agenda ◼ Topics ◼ Description of consolidated performance of the fiscal year ended June 30, 2021 2021/08/05 Page 2
Slide 3: Topics
Topics Jun. 24, 2021 Notice of the 53th Ordinary General Meeting of Shareholders Jun. 24, 2021 Notice Regarding the Granting of Stock Options (“Subscription rights to shares”) to Director July. 15, 2021 Notice Regarding Decision on the Contents of Issuance of Share Remuneration-type Stock Option In
Slide 4: Company Overview of Takamiya Co., Ltd.
Company Overview of Takamiya Co., Ltd. Trade name Takamiya Co., Ltd. Incorporation June 21, 1969 Representative Representative director, Kazumasa Takamiya Capital 1,050 million yen Number of employees Consolidated : 1,237; Non-consolidated : 724 (As of end-June, 2021) Registered head office Grand Fr
Slide 5: Summary of consolidated performance: Business overview
1. Summary of consolidated performance 1.1 Business overview ✓ In the sales business segment, sales and profits increased due to a recovery trend in sales of temporary equipment, mainly Iq systems. Although the agribusiness contributed to sales（Sales of high-performance glasshouses）, its profit marg
Slide 6: Summary of consolidated performance: Cumulative period
1. Summary of consolidated performance 1.2 Cumulative period (from April 2021 to June 2021) Consolidated Results （Unit：million yen） 1Q FY03/2022 Forecast 1Q FY03/2022 Results 1Q FY03/2021 Results % change (Non-Disclosure) Sales ratio Sales ratio Sales ratio (y/y) Net sales － － 9,242 100.0% 9,660 100
Slide 7: Factors of increase/decrease in net sales and operating income
1. Summary of consolidated performance 1.3 Factors of increase/decrease in net sales and operating income Net sales (Unit : million yen) (Unit : million yen) decreased by 418 million yen (down 4.3% YoY) ✓ Sales in the rental business decreased by 11.9% compared to the same period of the previous yea
Slide 8: EBITDA (Operating income + Depreciation)
1. Summary of consolidated performance 1.4 EBITDA(Operating income + Depreciation) Decreased by 407 million yen (down 24.3% YoY) ✓ Mainly due to decreased operating income. ✓ Depreciation remained (24.3)% mostly level. (y/y) (Unit : million yen) 2021/08/05 Page 8
Slide 9: Performance by segment
1. Summary of consolidated performance 1.5 Performance by segment Segment profit Net sales (sales ratio) 1Q 1Q % change 1Q 1Q % change Unit : million yen FY03/2021 FY03/2022 y/y FY03/2021 FY03/2022 y/y Sales 287 312 Business 2,701 3,174 +17.5% +8.7% (10.6%) (9.8%) Rental 530 62 Business 6,112 5,385
Slide 10: Sales business: Factors of increase/decrease YoY
2. Sales business 2.1 Factors of increase/decrease YoY Net sales: (Unit : million yen) (Unit : million yen) increased by 473 million yen ✓ Sales of temporary equipment, including the Iq system, strongsteady growth, and sales of high-performance glasshouses in the environment-related agribusiness con
Slide 11: Sales business: Net sales by product field
2. Sales business 2.2 Net sales by product field Iq systems for temporary equipment and the agribusiness for environment-related products contributed to the results. Mounting devices of solar panel, Iq System, G-Walk, etc. Agricultural greenhouse 8,191 4Q 2,373 1,819 3Q 1,800 806 2Q 2,121 2,112 271
Slide 12: Sales of Iq System
2. Sales business 2.3 Sales of Iq System Sales of the Iq System Increased by 22.5% (+158 million yen) YoY. Sales performance of Iq System 4,294 (Unit : million yen) Rapidly increase due to a large scale order 3,270 3,244 2,510 +22.5％ 1,939 (y/y) Iq System Cumulative sales 18.4 Billion yen 700 858 FY
Slide 13: Number of companies selling Iq System
2. Sales business 2.4 Number of companies selling Iq System The number of companies to which the Iq system is sold, companies steadily increasing. (Unit : companies) 373 346 273 225 Iq System Cumulative 177 number of companies sold 373 companies 131 73 45 46 48 48 27 ※Our sales only FY03/2017 FY03/2
Slide 14: Prevalence of Iq System
2. Sales business 2.5 Prevalence of Iq System The penetration of next-generation scaffolding into the industry is progressing steadily. (Unit：million ㎡) Prevalence of the Iq System (Our sales + Rental assets) 724 746 648 532 454 365 FY03/2017 FY03/2018 FY03/2019 FY03/2020 FY03/2021 1Q FY03/2022 NOTE
Slide 15: Rental business: Factors of increase/decrease YoY
3. Rental business 3.1 Factors of increase/decrease YoY Net sales: (Unit : million yen) (Unit : million yen) decreased by 727 million yen ✓ The completion of large-scale civil engineering sites in the previous fiscal year and the low rental volume (occupancy rate) of civil engineering- related equip
Slide 16: Trend of average equipment utilization rates
3. Rental business 3.2 Trend of average equipment utilization rates * Trend of utilization rates looks like a mountain with its peak at the 3Q each year * Utilization rate = rented amount / overall holdings Iq system continued to operate at a high level. The overall utilization rate declined due to
Slide 17: Ratio of Sales by Area
3. Rental business 3.3 Ratio of Sales by Area In the Chubu Area, civil engineering-related projects have run their course. In the Kanto Area, there is a recovery trend. FY03/2020 FY03/2021 1Q FY03/2022 3.9% 3.2% 11.6% 3.5% 10.2% 13.5% Tohoku 26.6% 28.3% 30.4% Kanto Chubu Kansai 36.9% 37.0% 42.7% Kyu
Slide 18: Overseas business: Factors of increase/decrease YoY
4. Overseas business 4.1 Factors of increase/decrease YoY Net sales: increased by 43 million yen (Unit : million yen) (Unit : million yen) ✓ Vietnam's domestic sales to Japan increase. ✓ In the Philippines, sales decreased compared to the same period of the previous fiscal year due to restrictions o
Slide 19: Overseas business: Sales Ratio by Segment
4. Overseas business 4.2 Sales Ratio by Segment Overseas Overseas Overseas 15.0% 12.8% 14.2% Sales Sales 29.0% Sales 31.4% 31.8% FY03/2020 FY03/2021 1Q FY03/2022 Net sales Net sales Net sales 46,065 million yen 38,812 million yen 9,242 million yen Rental Rental Rental 53.6% 58.1% 54.0% * "Sales Rati
Slide 20: Change in Consolidated Balance Sheet
5. Change in Consolidated Balance Sheet Total assets decreased slightly. Equity ratio remained unchanged from the end of the previous fiscal year at 32.3% (end of the previous fiscal year: 32.3%). [Asset] (Unit : million yen) Investments and other assets Intangible assets Property, plant and equipme
Slide 21: FY Ending March 31, 2022 forecasts
6. FY Ending March 31, 2022 In the first quarter, the sales business and overseas business performed steadily, and the rental business also performed generally as planned. There is no change in the full term performance forecasts. FY Ending March 31, 2022 (Reference） % change % change FY Ended March
Slide 22: Status of shareholder return
7. Status of shareholder return FY03/2022 FY03/2018 FY03/2019 FY03/2020 FY03/2021 (Forecast) Dividend 11 yen 11 yen 14 yen 14 yen 14 yen 1Q － － － － － 2Q 4.0 yen 4.0 yen 6.0 yen 6.0 yen 6.0 yen 3Q － － － － － 4Q 7.0 yen 7.0 yen 8.0 yen 8.0 yen 8.0 yen Total amount of 471 million yen 471 million yen 651
Slide 23: Reference Information
Reference Information Takamiya Co., Ltd. (2445:Tokyo) Grand Front Osaka Tower-B Bldg. 27F, 3-1, Ofuka-cho, Kita-ku, Osaka 530-0011, Japan TEL：+81-6-6375-3900 FAX：+81-6-6375-8825
Slide 24: ESG information: IR
ESG information IR • Video streaming of Financial Results Briefing • Disclosure of English versions of Summary of Financial Results, Results Briefing Materials, and Timely Disclosure Release (partly) • Issuance and Web release of annual reports (Japanese/English)* 2020 version is planned to be issue
Slide 25: ESG information: Human resource development
ESG information Human resource development Promoting "Human centered capitalism" style management and measures centered on Such information is publicized to human resources visitors on a large signage • Promoting in-house projects centered on mid-level/young employees • Incentive reward according to
Slide 26: Stock Price of TAKAMIYA (2445:Tokyo)
100,000 200,000 300,000 400,000 500,000 600,000 0 Jan-2009 May-2009 Sep-2009 Jan-2010 Average daily trading volume May-2010 Sep-2010 Jan-2011 May-2011 average line of stock price. Sep-2011 Jan-2012 > Solid line is a 12 months moving May-2012 Sep-2012 Jan-2013 May-2013 Sep-2013 Jan-2014 May-2014 Stoc
Slide 27: Comparison of Share Price and Nikkei 225
Jul-2009 Nov-2009 Mar-2010 Jul-2010 Nov-2010 Mar-2011 Nikkei 225 Jul-2011 Nov-2011 Mar-2012 Jul-2012 Nov-2012 Mar-2013 Takamiya Jul-2013 Nov-2013 Mar-2014 Jul-2014 Nov-2014 Mar-2015 Jul-2015 Nov-2015 Mar-2016 Jul-2016 Nov-2016 Mar-2017 Jul-2017 Nov-2017 Mar-2018 Jul-2018 Nov-2018 Mar-2019 Jul-2019 N
Slide 28: Changes in number of shareholders and shareholder composition
Changes in number of shareholders and shareholder composition FY03/2018 FY03/2019 FY03/2020 FY03/2021 Shareholders at the end of the period 3,058 2,923 4,092 3,463 Shareholder composition Government and local public entities 0.00 % 0.00 % 0.00 % 0.00 % Financial institutions 19.02 % 19.89 % 22.77 %
Slide 29: IR contact
IR contact HP Company name ： Takamiya Co., Ltd. Grand Front Osaka, Tower B, 27F, Address ： 3-1 Oofuka-cho, Kita-ku, Osaka, 530-0011, Japan For Investor HP ： https://www.takamiya.co/en/ For Investor ： https://www.takamiya.co/en/ir/ CONTACT ： PR / IR Department Email ： ir@takamiya.co This material is