Takamiya Co., Ltd. · TSE:2445
Takamiya — FY2023 Earnings Presentation
34 slides from Takamiya's earnings presentation, May 11, 2023
Slide 1: Results Briefing Materials for the Fiscal Year Ended March 31, 2023
Results Briefing Materials for the Fiscal Year Ended 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, Osaka 530-0011, Japa
Slide 2: Agenda
Agenda Topics Description of consolidated performance Fiscal Year Ended March 31, 2023 Revision of Performance Forecasts in the Medium-Term Management Plan 2023/05/11 Page 2
Slide 3: Topics
Topics Mar. 24, 2023 Regarding the progress based on the plan for meeting the listing maintenance criteria Apr. 03, 2023 Notice Regarding Change of Executive Officer Apr. 21, 2023 Notice Regarding Change of Subsidiary Officers In addition to the above, various releases and IR information can be view
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] 9 locations Business [Business offices] 11 locations Representative Representative director, Kazuma
Slide 5: Summary of consolidated performance: Business overview
1. Summary of consolidated performance (April 2022 to March 2023) 1.1 Business overview Sales Business In the temporary construction sector, there were concerns about delays in construction due to soaring material prices and a shortage of human resources, as well as uncertainties about the future.
Slide 6: Summary of consolidated performance: Consolidated performance
1. Summary of consolidated performance (April 2022 to March 2023) 1.2 Consolidated performance FYE Mar. 31,2023 FYE Mar. 31,2023 FYE Mar. 31,2022 % Consolidated Results Results Results Gross profit Forecast change （Unit：million yen） The main factor was an increase in sales in the Sales ratio Sales
Slide 7: Factors of increase/decrease in net sales and operating income
1. Summary of consolidated performance (April 2022 to March 2023) 1.3 Factors of increase/decrease in net sales and operating income Net sales Operating income 2,094 million yen increased (Up 5.3% YoY) 571 million yen increased (Up 33.9% YoY) Sales increased in Rental and Overseas businesses. In
Slide 8: EBITDA (Operating income + Depreciation)
1. Summary of consolidated performance (April 2022 to March 2023) 1.4 EBITDA (Operating income + Depreciation) (Unit : million yen) EBITDA 927 million yen increased (up 14.3% YoY) The main factor was an increase in operating income. As for depreciation, both rental asset depreciation and capital
Slide 9: Performance by segment
1. Summary of consolidated performance (April 2022 to March 2023) 1.5 Performance by segment Segment Operating income Net sales (Segment operating profit margin) % change % change Unit : million yen FY2022 FY2023 FY2022 FY2023 (YoY) (YoY) Sales 1,633 1,189 13,629 13,157 (3.5)% (27.2)% Business (12.0
Slide 10: Progress status
1. Summary of consolidated performance (April 2022 to March 2023) 1.6 progress status Earnings forecast 41,894 （million yen） Net Sales FY23.3 9,017 10,782 10,887 11,208 45,000 FY22.3 9,242 10,781 9,800 9,976 Progress rate 93.0％ 2,253 Operating FY23.3 181 582 843 646 2,300 income FY22.3 77 681 227 69
Slide 11: Sales business: Factors of increase/decrease YoY
2. Sales business 2.1 Factors of increase/decrease YoY Net sales Operating income: 472 million yen decreased (Down 3.5% YoY) 444 million yen decreased (Down 27.2% YoY) Temporary equipment for construction work, environment-related equipment and Operating income decreased due to a decrease in sal
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 11.8% (Up 413 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. (Un
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) 9.49 Cumulative square meters of 0.4 Iq Systems sold 9.49 million square meters 8.15 9.
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 next-generation Market share of scaffolding scaffolding Iq System About 11％ Conventional Other next Iq System scaffolding Other next generation About 37％
Slide 17: Rental business: Factors of increase/decrease YoY
3. Rental business 3.1 Factors of increase/decrease YoY Net sales: Operating income: 1,431 million yen increased (Up 6.1% YoY) 1,389 million yen increased (Up 113.6% YoY) The utilization rate (rental volume) of rental assets remained high, centering on rentals Operating income increased due to a
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 FY2023 3.2% 3.6% 11.6% 3.7% 10.8% 9.6% Tohoku Kanto 28.3% 31.4% 31.3% Chubu 36.9% 41.5% 41.4% Kansai 20.0% Kyusyu 12.7% 13.9% NOTE: Chugoku/Shikoku blo
Slide 20: Overseas business: Factors of increase/decrease YoY
4. Overseas business 4.1 Factors of increase/decrease YoY Net sales: Operating income: 2,576 million yen increased (Up 40.2% YoY) 127 million yen increased (Up 45.8% 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 0.1 points to 31.7% (end of the previous term: 31.8%) [Asset] (major subjects)
Slide 23: Cash flow statement
6. Cash flow statement As a result of planned production in anticipation of future demand, inventories and rental assets increased, and operating cash flow turned into expenses. (Unit : million yen) [Cash flows from operating activities] (Unit : million yen) FYE Mar.31, 2022 FYE Mar. 31,2023 Profit
Slide 24: Changes in number of shareholders and shareholder composition
7. Changes in number of shareholders and shareholder composition FYE Mar. 31, 2020 FYE Mar. 31, 2021 FYE Mar. 31, 2022 FYE Mar.31 , 2023 Shareholders at the end of the period 4,092 3,463 4,052 4,159 Shareholder composition Government and local public entities 0.00 % 0.00 % 0.00 % 0.00 % Financial in
Slide 25: Status of shareholder return
8. Status of shareholder return FYE Mar. 31, 2019 FYE Mar. 31, 2020 FYE Mar. 31, 2021 FYE Mar. 31, 2022 FYE Mar. 31, 2023 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 Total amount of divide
Slide 26: Revision of Performance Forecasts in the Medium-Term Management Plan
Revision of Performance Forecasts in the Medium-Term Management Plan 2023/05/11 Page 26
Slide 27: Revision of Performance Forecasts
Revision of Performance Forecasts We have revised the performance targets for the fiscal year ending March 31, 2024, which is the final year of the medium-term management plan announced on May 31, 2021, as follows: (Reference) Initial Target Revised Target Actual Results for FYE Mar.31 2023 Sales 60
Slide 28: Financial policy
Financial policy Regarding the revision of performance targets and changes in investment policy, we have also made the following adjustments to our financial policy. Initial target Revised target EBITDA 10 billion yen 9.1 billion yen ROA 6.0 ％ 5.4 ％ ROE 12.0 ％ 11.4 ％ Equity ratio 35.0 ％ 31.0 ％ 2023/
Slide 29: Reference Information
Reference Information 2023/05/11 Page 29
Slide 30: 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) • Release of analyst reports (Japanes
Slide 31: 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 32: 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 33: 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 34: 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