Slide 1: Results Briefing for the Year Ended March 31, 2018
Results Briefing for the Year Ended March 31, 2018 May 15, 2018 TODA CORPORATION 1
Slide 2: Forward-looking statements
This report contains forward-looking statements regarding Toda Corporation and the Group’s corporate plans, strategies, and business forecasts. These statements include Toda Corporation’s forecasts based on information currently available as of the announcement date, which are subject to a number of
Slide 3: Today's Schedule
Today’s Schedule 1. Summary of Financial Results Executive Manager Yushi Kikutani 2. Management Plan Progress Status President Masanori Imai 3
Slide 4: 1. Summary of Financial Results
1. Summary of Financial Results Executive Manager Yushi Kikutani 4
Slide 5: 1-1. Summary of Financial Results for the Year Ended March 31, 2018
1-1. Summary of Financial Results for the Year Ended March 31, 2018 5
Slide 6: Highlights: FY2017
Highlights: FY2017 Consolidated net sales: ¥429.0 billion, up 1.5％ year-on-year ： Increase in net sales to external customers at the domestic Group companies and a progress in works in hand at overseas subsidiaries increased consolidated net sales by 1.5% year-on-year to ¥429.0 billion. Operatin
Slide 7: Summary: FY2017
Summary: FY2017 (Billions of yen) FY2017 FY2016 Forecasts Change Difference (vs. (announced Actuals (year on forecast) in Apr. 2018) year) Consolidated net sales 422.7 428.0 429.0 1.5% 1.0 Operating income 24.9 30.5 30.4 21.9％ -0.0 Ordinary income 27.1 33.0 33.0 21.5% 0.0 Profit attributable to owne
Slide 8: Main Orders Received
Main Orders Received Ordering Parties Name of Works Mitsubishi Estate Co., Ltd. and A Building, Otemachi 2-chome Tokiwabashi district Architectural others redevelopment Construction City of Yokohama, Kanagawa Reconstruction of Clinical Services Building of Prefecture Yokohama Municipal Citizen’s Hos
Slide 9: 1-2. Details of Financial Results
1-2. Details of Financial Results 9
Slide 10: Construction (Consolidated) Toda Group
(Consolidated) Toda Group 18 Business Subsidiaries in Japan Overseas Subsidiaries companies APEC Engineering Co., Ltd. Construtora Toda do Brazil S/A Construction Architectural Chiyoda Kenkou Co., Ltd. Thai Toda Corporation Ltd. 8 Construction companies Toda Vietnam Co., Ltd. 3 other companies Civil
Slide 11: (Consolidated) Change in SG&A
(Consolidated) Change in SG&A (Billions of yen) Consolidated Non-consolidated SG&A ratio 400.0 40.0 8.0% 6.6% 7.0% 6.1% 30.0 300.0 31.3 6.0% 29.8 27.9 28.0 26.8 25.1 200.0 20.0 4.0% 100.0 10.0 2.0% 0.0 0.0% FY2016 FY2017 FY2018 (forecast) 11
Slide 12: (Consolidated) Balance Sheets
(Consolidated) Balance Sheets Assets (Billions of yen) Liabilities and Net Assets (Billions of yen) +27.4 563.9 +27.4 563.9 536.5 536.5 Cash and deposits +14.2 Notes and accounts Notes and accounts Current payable – trade -11.8 receivable – trade +2.2 Current Current Short-term loans -4.3 liabilitie
Slide 13: (Consolidated) Change in Investment Securities
(Consolidated) Change in Investment Securities Book value Valuation difference Nikkei Stock Average (Billions of yen) Stock prices (yen) 300.0 25,000 21,454 250.0 19,206 18,909 20,000 16,758 200.0 185.5 174.7 168.7 15,000 154.8 150.0 110.3 91.1 96.1 79.2 10,000 100.0 5,000 50.0 75.2 75.7 77.6 78.6 0
Slide 14: (Consolidated) Change in Interest-Bearing Liabilities
(Consolidated) Change in Interest-Bearing Liabilities Short-term Long-term (Billions of yen) 79.7 +5.1 75.4 75.0 70.2 45.1 40.4 49.9 75.0 34.5 29.8 25.4 Mar-16 Mar-17 Mar-18 Mar-19 (forecast) D/E ratio 14.7％ 0.68x 0.45x 0.43x — 14
Slide 15: Change in Provision for Loss on Construction Contracts
(Consolidated) Change in Provision for Loss on Construction Contracts Architectural construction Civil engineering Overseas (Billions of yen) 4.0 3.5 3.28 0.04 3.0 2.5 2.42 -2.85 2.0 Civil 1.41 engineering 1.5 3.17 1.0 0.5 1.01 0.44 Architectural Architectural construction 0.33 construction 0.0 0.06
Slide 16: (Consolidated) Statement of Cash Flow
(Consolidated) Statement of Cash Flow (Billions of yen) Cash and cash ＋9.5 equivalents at end of period 100.5 Income before income taxes 35.8 Cash and cash Notes and accounts payable – trade -11.8 equivalents Notes and accounts receivable – trade - 2.2 at beginning of Costs on uncompleted constructi
Slide 17: 1-3. Performance Forecasts
1-3. Performance Forecasts 17
Slide 18: Forecasts for FY2018 (Year Ending March 31, 2019)
Forecasts for FY2018 (Year Ending March 31, 2019) (Billions of yen) FY2018 FY2017 Change Forecasts (year-on-year) Consolidated net 429.0 514.0 19.8% 84.9 sales Operating 30.4 31.0 1.8% 0.5 income Ordinary income 33.0 33.3 0.8% 0.2 Profit attributable to owners of the parent 25.4 22.3 -12.4% -3.1 Ord
Slide 19: (Non-consolidated) Forecasts for the Construction Business
(Non-consolidated) Forecasts for the Construction Business (Billions of yen) (%) Orders Received for Net Sales of Completed Gross Profit Margin on Completed Construction Construction Contracts Construction Contracts Overseas Overseas Civil 4.0 6.0 Engineering 6.6 16.5 108.0 Civil Civil Civil 105.0 E
Slide 20: Non-consolidated Forecasts for FY2018
Non-consolidated Forecasts for FY2018 Amount（billions of yen） Profitability（%） Net sales 478.0 Gross profit 57.5 12.0 Profits in the construction business 55.5 11.8 [Domestic architectural construction] [41.8] [11.7] [Domestic Civil engineering] [13.4] [12.8] [Overseas] [0.2] [4.4] Profits in invest
Slide 21: 2. Management Plan Progress Status
2. Management Plan Progress Status President Masanori Imai 21
Slide 22: Positioning of Medium-term Management Plan 2019
Positioning of Medium-term Management Plan 2019 Toda Group Global Vision A corporate group that makes your success possible To a new phase to realize the global vision FY2015 - FY2016 FY2017 - FY2019 FY2020 - Phase I Phase II Establishing Building profit base for Continuous growth continuous growth
Slide 23: 2-1. Achievements and Issues
2-1. Achievements and Issues 23
Slide 24: Changes in Operating Income by Business
Changes in Operating Income by Business Domestic construction business drove profit increases (Strategic businesses) Domestic Investment & Domestic Overseas Consolidated construction development Group + new fields companies eliminations Domestic Construction Business ・ Gross profit margin on complet
Slide 25: Change in Construction Work Carried Forward
Change in Construction Work Carried Forward Securing high level results and contributing to revenue for next fiscal year onwards Domestic Architectural Construction Domestic Civil Engineering 469.3 182.8 182.4 423.4 168.8 (Billions of yen) 359.8 FY2015 FY2016 FY2017 FY2015 FY2016 FY2017 (Fiscal year
Slide 26: Safety Results and Productivity Indices
Safety Results and Productivity Indices Reinforcement of measures aimed at reaching No. 1 in safety and productivity Safety Results Productivity Indices (Domestic Construction Business) (non-consolidated) Total number of accidents Labor productivity (millions of yen) Total accident frequency Net sal
Slide 27: Recognition of Issues
Recognition of Issues Taking on the challenge of becoming No. 1 in safety and productivity Implementing working style reforms Business area and revenue base diversification Creative destruction of existing mechanisms (organizations, structures, systems, etc.) Invest in future focused on achieving id
Slide 28: 2-2. Direction of Initiatives
2-2. Direction of Initiatives 28
Slide 29: Measures in Key Fields
Measures in Key Fields Promoting the ongoing evolution of the unique value we provide Domestic Architectural Construction (%) Domestic Civil Engineering (%) Other 3.1 Accommodations 5.0 Production Other facilities 5.9 10.7 Soil and water Tunnels conservation Warehousing 5.6 33.9 and distribution Lan
Slide 30: Promoting Working Style Reforms
Promoting Working Style Reforms Introduction of flex-time system (June 2018) Promotion of flexible work styles based on total work hours (monthly/yearly) Work style reforms coinciding with headquarters temporary relocation (end of 2019) Deliberation by Work Style Subcommittee, Working Style Refo
Slide 31: Investment Plan Progress Status
Investment Plan Progress Status Investment aimed at acquiring stable revenue and value through differentiation FY2018 investment breakdown ¥72.0 billion (%) FY2019 Technology Forecast and ICT 8.4 New fields FY2018 Approximately (Conceptual image) 32.7 Plan ¥27.5 billion Investment & FY2017 Actuals ¥
Slide 32: Enhancement of Strategic Businesses
Enhancement of Strategic Businesses Active promotion of management resource shifting Investment & development + new fields Creation of new Energy Business Division Promote floating offshore wind turbine ・ Enhancement of implementation structure for generator cost reductions by greatly full-fledged
Slide 33: 2-3. Business Result Forecast by Business
2-3. Business Result Forecast by Business 33
Slide 34: Net Sales and Operating Income by Business
Net Sales and Operating Income by Business (Billions of yen) Upper: Net sales Lower: Operating income FY2017 Actuals FY2018 Forecast Domestic architectural 281.3 358.0 construction 17.8 6.4% 23.0 6.4% Domestic civil 109.3 105.0 engineering 11.7 10.8% 7.3 7.0% Investment & 6.8 9.8 development + new f
Slide 35: Shareholder Returns
Shareholder Returns Total shareholder returns・ total return ratio Total purchase of treasury stock Total annual dividends Total return ratio 100.0 10.0 34.2 40 27.5 80.0 8.0 23.8 30 (Billions of yen) 20.4 2.5 (%) 60.0 6.0 20 0.01 40.0 4.0 10 0.02 6.1 6.1 20.0 4.6 0 2.0 3.0 0.0 (10) FY2015 FY2016 FY2
Slide 36: A corporate group that makes your success possible
A corporate group that makes your success possible (SINCE 1881) 52