Slide 1: TAKAMIYA
TAKAMIYA
Slide 2: Results Briefing Materials for the Fiscal Year Ended March 31, 2025
Results Briefing Materials for the Fiscal Year Ended March 31, 2025 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 Page 2
Slide 3: Agenda
Agenda ・ Topics ・ Explanation of Consolidated Financial Results ・ Outlook for the Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2026 ・ Appendix Page 3
Slide 4: Topics
Topics Timely Disclosure February 21, 2025 ・Notice of Conclusion of Stock Transfer Agreement Regarding Acquisition of Shares (Subsidiary Formation) In addition to the above, various releases. IR information is available on our website. https://corp.takamiya.co/en/ir/ Page 4
Slide 5: Explanation of Consolidated Financial Results
Explanation of Consolidated Financial Results Page 5
Slide 6: 1.1 Consolidated Financial Results
1. Consolidated Financial Results (April 2024 to March 2025) 1.1 Consolidated Financial Results While net sales and gross profit margin are expected to remain at the same level as the previous fiscal year, selling, general and administrative expenses are projected to increase due to upfront investme
Slide 7: 1.2 Progress
1. Consolidated Financial Results (April 2024 to March 2025) 1.2 Progress Although profits at each stage are expected to fall short of the previous fiscal year’s levels, unlike the prior year, an increase in profit is projected from the third to the fourth quarter. Revised forecast FY25 9,745 11,490
Slide 8: 1.3 Comparison of consolidated performance indicators
1. Consolidated Financial Results (April 2024 to March 2025) 1.3 Comparison of consolidated performance indicators with the same period of the previous year Although the newly established Platform Business segment is expected to see a significant increase in both sales and operating income, the Sale
Slide 9: 1.4 Comparison of EBITDA and ordinary income
1. Consolidated Financial Results (April 2024 to March 2025) 1.4 Comparison of consolidated performance indicators with the same period of the previous year Due to the decline in operating income, both ordinary income and EBITDA are expected to decrease. The increase in depreciation is attributed to
Slide 10: 1.5 Trends in Gross Profit Margin and Operating Income Margin
1. Consolidated Financial Results (April 2024 to March 2025) 1.5 Trends in Gross Profit Margin and Operating Income Margin Price pass-through for various services is progressing, leading to a stable gross profit margin. While there is a cost impact from investments in rental assets, equipment, and h
Slide 11: 2.1 Summary of Results by Segment
2. Cumulative results by segment (April 2024 to March 2025) 2.1 Summary of Results by Segment While the platform business saw significant growth, the sales business stagnated in terms of profitability. Segment Sales Segment Operating Income（margin） FY2024 FY2025 YoY FY2024 FY2025 YoY 576 1,205 Platf
Slide 12: 2.2 Change in Segment Revenue Composition Ratio
2. Cumulative results by segment (April 2024 to March 2025) 2.2 Change in Segment Revenue Composition Ratio With the widespread adoption of OPE-MANE, the method of procuring temporary equipment has shifted from traditional purchases, leading to a decrease in the sales business revenue share. Meanwhi
Slide 13: 3.3 Change in Segment Operating Income Composition Ratio
3. Cumulative results by segment (April 2024 to March 2025) 3.3 Change in Segment Operating Income Composition Ratio The widespread adoption of OPE-MANE has shifted the procurement method for temporary equipment from traditional purchases, leading to a decrease in the operating profit share of the s
Slide 14: 3.1 Platform Business: Factors behind changes
3. Platform Business 3.1 Factors behind changes from the same period of the previous fiscal year The number of new OPE-MANE account contracts and contract value has increased, leading to expanded revenue through additional contracts and increased usage of ancillary services. Segment Sales 2,388 mill
Slide 15: 3.2 OPE-MANE Contract Subscribers and Order Value
3. Platform Business 3.2 Number of OPE-MANE Contract Subscribers and Contract Order Value In the fourth quarter, there was an increase in the procurement of temporary equipment in preparation for next year's construction projects. As a result, the number of OPE-MANE accounts significantly increased,
Slide 16: 3.3 OPE-MANE Contract Volume and Rental Usage
3. Platform Business 3.3 Trends in OPE-MANE Contract Volume and Rental Usage by OPE-MANE Users With the increase in OPE-MANE contracted equipment, rental revenue (recurring revenue) from OPE-MANE users has risen. Approximately 50% of the contract value is expected to generate recurring revenue, and
Slide 17: 4.1 Sales Business: Factors behind changes
4. Sales Business 4.1 Factors behind changes from the same period of the previous fiscal year Due to construction delays caused by labor shortages and the impact of rising material costs leading to price adjustments, there is a growing trend in rental usage. At the same time, the trend of using OPE-
Slide 18: 4.2 Sales by Sector
4. Sales Business 4.2 Sales by Sector The trend toward OPE-MANE and rental procurement has strengthened, leading to a decrease in temporary equipment-related revenue. However, sales of used equipment have increased due to the rise in the use of next-generation scaffolding. In the environmental secto
Slide 19: 5.1 Rental Business: Factors behind changes
5. Rental business 5.1 Factors behind changes from the same period of the previous fiscal year Due to delays in the commencement of expected projects, the average utilization rate of rental assets during the period was lower than in the previous period. However, with the increase in OPE-MANE account
Slide 20: 5.2 Utilization Rates by Rental Asset Classification
5. Rental business 5.2 Utilization Rates by Rental Asset Classification In addition to the increase in holdings due to investments in rental assets, the rental volume struggled to grow, resulting in a lower utilization rate compared to the previous period. However, the strengthening of supply capaci
Slide 21: 5.3 Utilization Rates by Rental Asset Classification
5. Rental business 5.3 Utilization Rates by Rental Asset Classification Investments in rental assets were made to strengthen supply capacity in preparation for large-scale projects. While the increase in holdings led to a decrease in utilization rate, rental volumes remained steady. Construction-rel
Slide 22: 6.1 Overseas business: Factors behind changes
6. Overseas business 6.1 Factors behind changes from the same period of the previous fiscal year Due to the deterioration of the market environment and the loss of projects, external sales at the subsidiaries in South Korea and the Philippines decreased. However, efforts to strengthen the business f
Slide 23: 7.1 Iq System adoption status
7. "Iq System" Numerical Indicators 7.1 Iq System adoption status The development of high value-added services has led to a record-high number of new purchasing customers. Iq System Sales Cumulative number of sales for Iq System Cumulative sales amount 30.5 billion Yen Cumulative number of sales: 58
Slide 24: 7.2 Iq System adoption status
7. "Iq System" Numerical Indicators 7.2 Iq System adoption status With the increase in both rental asset holdings and sales volume, the company’s share in the scaffolding market has expanded. Iq System Adoption Area (Unit: 10,000 m²) *Scaffold Market Share Cumulative Adoption Area: 12,430,000 m² Est
Slide 25: 7.3 Iq System utilization rate trend
7. "Iq System" Numerical Indicators 7.3 Iq System utilization rate trend Although the utilization rate declined due to the increase in rental asset holdings and the implementation of selective rental order intake aimed at improving profit margins, price pass-through has been progressing. Rental asse
Slide 26: 8.1 Consolidated Balance Sheets
8. Consolidated Balance Sheets 8.1 Changes in major accounts To support various investments aimed at enhancing platform functionality, funding was secured in line with the plan. Going forward, production activities will be carried out with inventory levels in mind, with a focus on improving ROIC. Th
Slide 27: 9.1 Cash flow statement
9. Cash flow statement 9.1 Factors for Increase/Decrease In anticipation of growing demand, planned production and investment were carried out, resulting in an increase in inventories and rental assets, along with a corresponding rise in depreciation expenses. In addition, expenditures were incurred
Slide 28: 10.1 Three-Year Investment Plan
10. Investment Plans and Results 10.1 Three-Year Investment Plan In line with the plan, various investments were made to enhance platform functionality and promote digital transformation (DX). ◼ Capital Investment ◼ Rental Asset Investment Results Plan Capital Investment Results 5,000 ◼ The Innovati
Slide 29: 11.1 Dividend performance
11. Shareholder returns 11.1 Dividend performance The dividend policy is progressive, with a target payout ratio of 35% or higher. By increasing the year-end dividend by 2 yen, the total annual dividend is set at 16 yen. Dividend Performance (Unit:1yen) 10 8 8 8 8 Year-end dividend Interim dividend
Slide 30: Outlook for the Consolidated Earnings Forecast for FY Ending March 2026
Outlook for the Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2026 Page 30
Slide 31: Consolidated Financial Forecast for FY Ending March 31, 2026
Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2026 Summary By making forward-looking investments to expand the platform business, the company aims to enhance future revenue growth. Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2026 Earnings per share Pro
Slide 32: Factors Affecting Revenue, COGS and SG&A
Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2026 Factors Affecting Changes in Revenue and Cost of Goods Sold (COGS) and Selling, General and Administrative Expenses (SG&A) By driving the increase in OPE-MANE account numbers and contract value, we aim to achieve stable revenu
Slide 33: Capital investment plan
Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2026 Capital investment plan The investment in rental assets will focus on replenishing the shortfall, while capital investment will prioritize enhancing the functions of Takamiya Lab. and Base, as well as strengthening IT infrastr
Slide 34: Shareholder returns
Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2026 Shareholder returns While securing the necessary internal reserves for future business development and strengthening the management structure, we place emphasis on returning profits to shareholders by continuing progressive di
Slide 35: Appendix
$ TAKAMIYA Appendix
Slide 36: Stock Information
Stock Information Basic Information In the name of Stock Information Financial Instruments Business Operators treasury stock 1.33% 621 thousand shares 0.02% Listed on Tokyo Stock Exchange Prime Market Foreign corporations 7thousand 6.49% shares Securities code 2445 3,025 thousand Share Unit 100 shar
Slide 37: Number of Shareholders and Shareholder Composition
Stock Information Number of Shareholders and Shareholder Composition The number of shareholders is on an increasing trend, with a rising proportion of corporate. End of March 2022 End of March 2023 End of March 2024 End of March 2025 Number of shareholders at end of the period 4,052 4,159 4,704 5,65
Slide 38: Cash dividends
Stock Information Cash dividends For the current period, the interim dividend is 6 yen per share, and the year-end dividend will consist of a regular dividend of 8 yen plus a commemorative dividend of 2 yen, for a total of 10 yen. The total annual dividend is planned to be 16 yen. FYE March 31, 2021
Slide 39: Stock Price Range
Stock Information Stock Price Range Stock price as of March 31: ¥384, Average daily trading volume: ¥23,474 thousand (from January 6, 2025 to March 31, 2025). Average daily trading volume Stock Price > Gray line is the 12-month moving average of the stock price. 600,000 1,200 500,000 1,000 400,000 8
Slide 40: IR Calendar
Stock Information IR Calendar IR Calendar January February March April May June July August September October November December 3Q Earnings announcement 1Q 2Q Earnings announcement Earnings announcement Earnings announcement Ordinary General Meeting of Shareholders IR activities ◆ Holding of financi
Slide 41: Change in business segments implemented in FYE March 2025
Change in business segments implemented in the FYE March31, 2025 Purpose of the New Business Segment Starting from the fiscal year ending March 2025, the company will enhance the transparency of the Takamiya Platform and visualize business growth by disclosing the platform business as a separate seg
Slide 42: Financial Highlights
Financial Highlights FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Net sales 32,443 34,261 34,350 36,763 36,114 42,182 46,055 38,812 39,800 41,894 44,127 43,827 Gross profit on sales 9,832 10,856 11,291 10,991 10,431 12,132 14,014 10,996 11,181 12,587 14,428 14,
Slide 43: Financial Highlights
Financial Highlights FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Current assets 15,892 18,213 19,769 20,557 20,136 22,781 26,408 24,907 26,681 28,430 29,073 28,888 Non Current assets 21,353 25,307 30,321 32,203 32,677 31,632 32,873 31,547 32,399 34,318 39,871
Slide 44: Non-financial highlights
Non-financial highlights FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 Number of employees (consolidated) (persons) 903 979 1,010 1,144 1,204 1,298 1,221 1,222 1,266 1,327 Ratio of women (consolidated) (%) ‐ ‐ ‐ 31.8 30.8 32.3 34.9 36.3 33.1 35.3 Ratio of foreign nationals (c
Slide 45: Performance Trends
Performance Trends Trends in Net Sales Trends in operating income 11,773 930 11,944 11,492 10,312 11,208 999 9,976 10,054 9,783 9,190 4Q 8,783 995 12,194 707 859 3Q 11,135 11,390 11,098 667 9,217 9,800 10,887 647 9,460 9,049 1199 2Q 8,764 745 861 299 919 13 1Q 11,936 796 475 695 11,028 10,781 10,896
Slide 46: Number of Shares Issued and Earnings per Share (EPS)
Number of Shares Issued and Earnings per Share (EPS) Changes in issued shares *Unit: 1,000 shares Earnings per share *Unit: Yen 52.74 46,577 46,577 46,585 46,585 46,585 46,585 48.12 40.53 38.22 35.14 45,447 45,467 45,304 45,304 31.36 29.26 26.65 20.73 18.41 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY
Slide 47: Quarterly Results by Segment (Cumulative)
Quarterly Results by Segment (Cumulative) *Unit: Million yen Fiscal Year Ended March 31, 2024 Fiscal Year Ended March 31, 2025 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Platform business Segment sales 330 800 1,569 2,796 966 2,191 3,276 5,184 Of which, sales to external 330 800 1,569 2,796 966 2,191 3,276 5,184 custo
Slide 48: Quarterly Results by Segment
Quarterly Results by Segment *Unit: Million yen Fiscal Year Ended March 31, 2024 Fiscal Year Ended March 31, 2025 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Platform business Segment sales 330 470 769 1,226 966 1,224 1,085 1,908 Of which, sales to external 330 470 769 1,226 966 1,224 1,085 1,908 customers Segment prof
Slide 49: IR Contact
IR Contact Company name : Takamiya Co., Ltd. Address : 〒530-0011 3-1, Ofukamachi, Kita-ku, Osaka Grand Front Osaka Tower B 27F HP : https://corp.takamiya.co/en/ IR website : https://corp.takamiya.co/en/ir/ TEL : 06-6375-3918 (Corporate Planning Department) FAX : 06-6375-8827 Mail : ir@takamiya.co Th