Takamiya Co., Ltd. · TSE:2445
Takamiya — Q3 FY2023 Earnings Presentation
36 slides from Takamiya's earnings presentation, Feb 10, 2023
Slide 1: Results Briefing Materials for the Third Quarter of the Fiscal Year Ending March 31, 2023
Results Briefing Materials for the Third Quarter of the Fiscal Year Ending March 31, 2023 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 Third Quarter Fiscal Year Ending March 31, 2023 Prospect for the future 2023/02/10 Page 2
Slide 3: Topics
Topics Jan. 23, 2023 Notice regarding unauthorized access to our server Feb. 01, 2023 Notice of Change of Directors Feb. 06, 2023 Notice Regarding Postponement of Announcement of Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2023 Unauthorized access to our server occurr
Slide 4: Company Overview of Takamiya Co., Ltd.
Company Overview of Takamiya Co., Ltd. Trade name Takamiya Co., Ltd. Registered Grand Front Osaka, Tower B, 27F, head office 3-1 Ofuka-cho, Kita-ku, Osaka, Japan Incorporation June 21, 1969 [Branches] 8 locations Business [Business offices] 12 locations Representative Representative director, Kazuma
Slide 5: Summary of consolidated performance: Business overview
1. Summary of consolidated performance (April 2022 to December 2022) 1.1 Business overview Consolidated results for the Third quarter Sales Business In the Temporary Construction Division, sales are on a recovery trend as a result of the sales price of the fiscal year ending March 31, 2023 negotia
Slide 6: Summary of consolidated performance: Consolidated performance
1. Summary of consolidated performance (April 2022 to December 2022) 1.2 Consolidated performance Consolidated 3Q FYE Mar. 31,2023 3Q FYE Mar. 31,2023 3Q FYE Mar. 31,2022 % Results Forecast Results Results change Gross profit （Unit：million yen） The main factor was an increase in sales in the (YoY)
Slide 7: Factors of increase/decrease in net sales and operating income
1. Summary of consolidated performance (April 2022 to December 2022) 1.3 Factors of increase/decrease in net sales and operating income Net sales Operating income 862 million yen increased (Up 2.9% YoY) 620 million yen increased (up 62.8% YoY) Sales increased in Rental and Overseas businesses. I
Slide 8: EBITDA (Operating income + Depreciation)
1. Summary of consolidated performance (April 2022 to December 2022) 1.4 EBITDA (Operating income + Depreciation) (Unit : million yen) EBITDA 866 million yen increased (up 19.0% YoY) The main factor was an increase in operating income. As for depreciation, both rental asset depreciation and capi
Slide 9: Performance by segment
1. Summary of consolidated performance (April 2022 to December 2022) 1.5 Performance by segment Segment Operating income Net sales (Segment operating profit margin) % change % change Unit : million yen 3Q FY2022 3Q FY2023 3Q FY2022 3Q FY2023 (YoY) (YoY) Sales 1,057 830 10,054 9,509 (5.4)% (21.5)% Bu
Slide 10: Progress status against earnings forecast
1. Summary of consolidated performance (April 2022 to December 2022) 1.6 progress status Earnings forecast （million yen） Net Sales FY23.3 9,017 10,782 10,887 45,000 FY22.3 9,242 10,781 9,800 9,976 Progress rate 68.1％ Operating FY23.3 181 582 843 2,300 income FY22.3 77 681 227 695 Progress rate 69.8％
Slide 11: Sales business: Factors of increase/decrease YoY
2. Sales business 2.1 Factors of increase/decrease YoY Net sales Operating income: 545 million yen decreased (Down 5.4% YoY) 227 million yen decreased (Down 21.5% YoY) Temporary equipment for construction work and second-hand sales decreased, while Operating income decreased due to a decrease in
Slide 12: Sales business: Net sales by product field
2. Sales business 2.2 Net sales by product field Customer interest in the next-generation scaffolding Iq system continues, and inquiries for new purchases, additional purchases, and replacement purchases remain strong. In environment-related business, PV-related business performed well despite slugg
Slide 13: Sales of Iq System
2. Sales business 2.3 Sales of Iq System Sales of the Iq System increased by 2.2% (Up 59 million yen) YoY. Although the increase in sales prices is permeate customers, there is a growing tendency to use rentals due to rising prices, and there are also moves to postpone the timing of purchases. Sales
Slide 14: Number of sales destinations for Iq Systems
2. Sales business 2.4 Number of sales destinations for Iq Systems The number of purchasing companies for the Iq system is steadily increasing, and the number of repeat orders from purchasing customers is also increasing. As the cumulative number of purchasing companies increases, further increase in
Slide 15: Prevalence of Iq System
2. Sales business 2.5 Prevalence of Iq System The spread of next-generation scaffolding is steadily spreading in the industry. Iq System sales square meters (Unit：million square meter) (Our sales + Rental assets) 9.09 Cumulative square meters of 0.34 Iq Systems sold 9.09 million square meters 8.15 8
Slide 16: Iq System market share
2. Sales business 2.6 Iq System market share Next-generation scaffolding and Iq System penetration in the industry is going well. Market share of scaffolding Market share of next-generation scaffolding Iq System About 11％ Conventional Other next Iq System scaffolding Other next About 70％ generation
Slide 17: Rental business: Factors of increase/decrease YoY
3. Rental business 3.1 Factors of increase/decrease YoY Net sales: Operating income: 763 million yen increased (Up 4.4% YoY) 1,076 million yen increased (Up 131.5% YoY) The utilization rate (rental volume) of rental assets remained high, centering on rentals Operating income increased due to an
Slide 18: Trend of average utilization rates of rental assets
3. Rental business 3.2 Trend of average utilization rates of rental assets * Trend of utilization rates of rental assets looks like a mountain with its peak at the 3Q each year * Utilization rate = rented amount / overall holdings The utilization rate of the “Iq System” remained at a high level, and
Slide 19: Ratio of Sales by Area
3. Rental business 3.3 Ratio of Sales by Area In the Kanto block, maintenance and repair work in the Tokyo metropolitan area was firm. FY2021 FY2022 3Q FY2023 3.2% 3.5% 11.6% 3.7% 10.8% 9.8% Tohoku Kanto 28.3% 31.5% 31.3% Chubu 36.9% 41.5% 41.9% Kansai 20.0% Kyusyu 12.7% 13.3% NOTE: Chugoku/Shikoku
Slide 20: Overseas business: Factors of increase/decrease YoY
4. Overseas business 4.1 Factors of increase/decrease YoY Net sales: Operating income: 2,029 million yen increased (Up 42.7% YoY) 113 million yen increased (Up 52.8% YoY) Rental and sales in South Korea increased. SG&A expenses are increasing, but profits are up due to Sales in Vietnam to Japa
Slide 21: Overview of Overseas business
4. Overseas business 4.2 Overview of Overseas business The impact of restrictions on movement due to COVID-19 has become minor, and business infrastructure development is progressing smoothly in each country, and business activities have resumed. Philippines：DAI（Temporary equipment rental and sale
Slide 22: Change in Consolidated Balance Sheet
5. Change in Consolidated Balance Sheet The increase in total assets is due to the planned increase in production in anticipation of future demand, and the increase in inventories and rental assets. Equity ratio decreased 0.5 points to 31.3% (end of the previous term: 31.8%) [Asset] (major subjects)
Slide 23: Changes in number of shareholders and shareholder composition
6. Changes in number of shareholders and shareholder composition FYE Mar. 31, 2020 FYE Mar. 31, 2021 FYE Mar. 31, 2022 2Q FYE Mar.31 , 2022 Shareholders at the end of the period 4,092 3,463 4,052 4,192 Shareholder composition Government and local public entities 0.00 % 0.00 % 0.00 % 0.00 % Financial
Slide 24: Status of shareholder return
7. Status of shareholder return FYE Mar. 31, 2023 FYE Mar. 31, 2019 FYE Mar. 31, 2020 FYE Mar. 31, 2021 FYE Mar. 31, 2022 2Q Results 4Q Forecast Dividend 11 yen 14 yen 14 yen 14 yen 14 yen 1Q － － － － － 2Q 4.0 yen 6.0 yen 6.0 yen 6.0 yen 6.0 yen 3Q － － － － － 4Q 7.0 yen 8.0 yen 8.0 yen 8.0 yen 8.0 yen
Slide 25: Prospect for the future
Prospect for the future 2023/02/10 Page 25
Slide 26: Initial forecast and current situation
Prospect for the future｜ Initial forecast and current situation Although sales from the Sales business fell short of the initial forecast, the utilization rate of rental assets exceeded the forecast. Outlook for the current fiscal year as of May 2022 Current situation Due to the rapid depreciation
Slide 27: Domestic construction investment is strong
Prospect for the future | Domestic construction investment is strong Source: Created from "Construction Investment Outlook" announced in January 2023 by the Ministry of Land, Infrastructure, Transport and Tourism (Unit : billion yen) Construction investment is on the rise, and government investment
Slide 28: Industry related projects
Prospect for the future | Industry related projects Large-scale projects in Japan tend to be delayed or postponed, but maintenance and repairs of transportation infrastructure, etc. are progressing in various places. Hokuriku- Shin-Meishin Expo in TOKAI-KANJO Integrated Resort in Osaka Osaka Monorai
Slide 29: Plan to meet the criteria for maintaining the prime market
Progress of specific initiatives in the plan to meet the criteria for maintaining the prime market ①Strengthening IR FY22 1H FY22 2H FY23 1H FY23 2H FY24 1H FY24 2H FY25 1H FY25 2H States Enhancement of information disclosure Accelerating information disclosure and provision in English to overseas i
Slide 30: Plan to meet the criteria for maintaining the prime market (cont.)
Progress of specific initiatives in the plan to meet the criteria for maintaining the prime market ①Strengthening IR FY22 1H FY22 2H FY23 1H FY23 2H FY24 1H FY24 2H FY25 1H FY25 2H States Improving corporate recognition Posting a news release on TDnet Done Report to Bloomberg (English support) Not Y
Slide 31: Reference Information
Reference Information 2023/02/10 Page 31
Slide 32: IR information
IR information • 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 Integrated Report (Japanese/English) • Disclosure of non-financial informa
Slide 33: ESG information
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 34: 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 May-2010 Sep-2010 Jan-2011 May-2011 Average daily trading volume Sep-2011 Jan-2012 May-2012 Sep-2012 Jan-2013 May-2013 Sep-2013 Jan-2014 May-2014 Sep-2014 Jan-2015 Stock Price of TAKAMIYA (2445:Tokyo) May-2015 Sep-
Slide 35: Comparison of Share Price and Nikkei 225
Jun-2009 Oct-2009 Feb-2010 Jun-2010 Oct-2010 Feb-2011 Jun-2011 Nikkei 225 Oct-2011 Feb-2012 Jun-2012 Oct-2012 Feb-2013 Jun-2013 Oct-2013 Takamiya Feb-2014 Jun-2014 Oct-2014 Feb-2015 Jun-2015 Oct-2015 Feb-2016 Jun-2016 Oct-2016 Feb-2017 Jun-2017 Oct-2017 Feb-2018 Jun-2018 Oct-2018 Feb-2019 Jun-2019 O
Slide 36: 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