Duskin Co., Ltd. · TSE:4665
Duskin — H1 FY2015 Earnings Presentation
41 slides from Duskin's earnings presentation, Nov 13, 2015
Slide 1: Six-month Period Ended Sept. 30, 2015 Financial Report
Six-month Period Ended Sept. 30, 2015 Financial Report Duskin Co., Ltd. November 13, 2015
Slide 2: Cautionary Statement
Cautionary Statement ■ These materials contain forward-looking statements concerning forecasts, goals, strategies, and other matters related to the Company, including its consolidated subsidiaries. ■ These forward-looking statements are based on projections and assumptions made by Duskin Group in li
Slide 3: Table of Contents
Table of Contents ■ Financial Summary ■ FY2015 Forecast Consolidated Financial Summary ・・・・ 5 FY2015 Forecast ・・・・・・ 29 Sales Summary ・・・・・・・・・・・ 6 ■Returns to Shareholder Operating Income Summary ・・・・・・ 8 Dividends ・・・・・・・・・・・・・・ 33 Ordinary Income Summary ・・・・・・ 10 Repurchase of Company Stock ・・・・
Slide 4: Financial Summary
Six-month Period Ended Sept. 30, 2015 Financial Summary
Slide 5: Consolidated Financial Summary
Financial Summary Consolidated Financial Summary Consolidated Results ( millions of yen ) Six months Six months Increase/Decrease Reference FY2014 ended Sept. 30, 2014 ended Sept. 30, 2015 Amount % ended Mar. 31, 2014 Sales 83,631 82,530 -1,101 -1.3 167,987 Operating Income 1,858 2,681 +822 +44.3 5,
Slide 6: Sales Summary (1)
Financial Summary Sales Summary (1) Consolidated Sales Sales - 2nd half Sales - 1st half (millions of yen) 250,000 200,000 169,000 171,118 168,163 167,745 167,987 〔Forecast〕 150,000 85,718 86,074 84,434 84,355 86,469 〔Forecast〕 100,000 50,000 85,399 82,088 83,310 83,631 82,530 0 Mar. 2012 Mar. 2013
Slide 7: Sales Summary (2)
Financial Summary Sales Summary (2) Consolidated Sales 82,530 million yen 111 million yen decrease (-1.3%) Sales by segment Six months Six months Increase/decrease ended Sept. 30, 2014 ended Sept. 30, 2015 % Clean & Care Group 54,137 55,007 +869 +1.6% Food Group 24,187 22,118 -2,069 -8.6% Other Busi
Slide 8: Operating Income Summary (1)
Financial Summary Operating Income Summary (1) Consolidated Operating Income Operating Income on Sales 2nd half (millions of yen) 20,000 1st half 5.8% 16,000 5.5% 12,000 9,841 4.0% 9,197 3.0% 3.1% 〔Forecast〕 8,000 5,603 6,641 5,300 4,445 (6.5) (5.2) 2,290 5,067 〔Forecast〕 (2.7) 2,618 3,209 4,000 4,7
Slide 9: Operating Income Summary (2)
Financial Summary Operating Income Summary (2) Consolidated Operating Income 2,681 million yen 822 million yen increase (＋44.3%) ≪ Major Factors ≫ Clean & Care Group ・・・ Higher sales & lower cost of Style Cleaner Food Group ・・・ Lower sales and income, improved cost ratio & cost reduction Other Busin
Slide 10: Ordinary Income Summary (1)
Financial Summary Ordinary Income Summary (1) Consolidated Ordinary Income Operating Income on Sales 2nd half 1st half (millions of yen) 6.8% 20,000 6.6% 16,000 5.0% 11,609 4.0% 11,027 4.2% 〔Forecast〕 12,000 8,322 6,800 6,276 5,281 7,083 〔Forecast〕 8,000 (7.3) (6.1) 2,994 (3.5) 4,268 3,367 (3.9) 〔Fo
Slide 11: Ordinary Income Summary (2)
Financial Summary Ordinary Income Summary (2) Consolidated Ordinary Income 3,432 million 617 million yen increase (＋21.9%) ≪ Major Factors ≫ ① Operating income +800 million yen ② Non-operating loss -200 million yen ➢Decrease in interest income -200 million yen Decreased due to redemption of investme
Slide 12: Net Income Summary (1)
Financial Summary Net Income Summary (1) Consolidated Net Income Net Income on Sales 2nd half (millions of yen) 1st half 12,000 3.6% 10,000 2.7% 2.7% 2.2% 2.0% 〔Forecast〕 8,000 6,092 6,000 4,583 4,448 3,124 3,700 〔Forecast〕 (3.6) 3,441 4,000 1,717 1,389 (2.0) (1.6) 1,737 1,971 (2.0) 〔Forecast〕 2,000
Slide 13: Net Income Summary (2)
Financial Summary Net Income Summary (2) Consolidated Net Income 1,962 million yen ＋492 million yen (＋33.5%) ≪ Major Factors ≫ ① Ordinary Income ＋600 million yen ② Extraordinary loss -200 million yen ➢Increase in impairment loss -100 million yen Impairment loss incurred for conversion of Mister Donu
Slide 14: Consolidated Balance Sheet Summary
Financial Summary Consolidated Balance Sheet Summary Consolidated Balance Sheet (millions of yen) FY2014 Six months Increase/ ended Mar. 31, 2015 ended Sept. 30, 2015 decrease Major Factors Cash and deposits -3,600 mil.yen Notes and accounts receivable +1,300 mil.yen Current asset 67,727 62,663 -5,0
Slide 15: Summary by Business Segment
DUSKIN BUODVREECS Summary by Business Segment
Slide 16: Highlights by Business Segment
Segment Information Highlights by Business Segment (millions of yen) Six months Six months FY2014 ended Sept. 30, 2014 ended Sept. 30, 2015 Change Operating Income on Sales (%) Operating Income on Sales (%) Operating Income on Sales (%) (%) Sales 109,009 ― 54,137 ― 55,007 ― +869 +1.6 Clean & Care Gr
Slide 17: Clean & Care Group (1)
Summary of Core Businesses (1) Clean & Care Group (1) Sales Operating Income Operating income on sales 2nd Half (millions of yen) 1st Half (millions of yen) 2nd Half 140,000 24,000 1st Half 110,400 11.1% 120,000 109,009 [Forecast] [Forecast] 20,000 10.3% 100,000 16,000 54,871 55,392 12,200 [Forecast
Slide 18: Clean & Care Group (2) Residential Market
Summary of Core Businesses (1) Clean & Care Group (2) (millions of yen) Previous term Current term Change % Sales Segment sales 54,137 55,007 ＋869 ＋1.6 ● Cleaning Basic Three performed well while sales of mop products declined. ➢Dust Control Products Sales -0.3% (1Q：+0.0% , 2Q：-0.6 % ) ➢Mop Products
Slide 19: Clean & Care Group (3) Commercial Market
Summary of Core Businesses (1) Clean & Care Group (3) (millions of yen) Previous term Current term Change % Sales Segment sales 54,137 55,007 ＋869 ＋1.6 ●High-value added mats performed well but total sales of mat products decreased. ➢Dust Control Product Sales -0.3%(1Q：-0.0% 、 2Q：-0.6%) ➢Mat Product
Slide 20: Clean & Care Group (4)
Summary of Core Businesses (1) Clean & Care Group (4) (millions of yen) Previous term Current term Change % Operating Income Segment sales 5,097 6,084 ＋986 ＋19.4 1． Gross profit increased due to higher sales 2． Decreased cost for Style Cleaner 3． Lower expenses for the 50th Anniversary Regional Conv
Slide 21: Food Group (1)
Summary of Core Businesses (2) Food Group (1) Sales Operating Income Operating income on sales 2nd Half (millions of yen) 1st Half 2nd Half (millions of yen) 70,000 1st Half 400 -201 60,000 47,200 48,289 [Forecast] 284 100 (1.2) 50,000 -377 -200 -485 (-1.7) 40,000 25,081 (-2.0) 24,101 [Forecast] 30,
Slide 22: Food Group (2) Sales
Summary of Core Businesses (2) Food Group (2) (millions of yen) Previous term Current term Change % Sales Segment sales 24,187 22,118 -2,069 -8.6 ● Mister Donut ✔ Total customer-level sales -10.1% (1Q：-13.7% 、 2Q：-6.0%) th (* 45 anniversary promotional campaign contributed to sales increase in Septe
Slide 23: Food Group (3)
Summary of Core Businesses (2) Food Group (3) (millions of yen) Previous term Current term Change % Operating Income Segment sales -485 -377 +108 － 1. Gross profit decreased due to decreased sales 2. Decreased waste disposal expenses (including valuation loss) 3. Reduced expenses ➢ Decrease in gross
Slide 24: Other Businesses, Corporate
Summary of Core Businesses (3) Other Businesses, Corporate （millions of yen） FY2014-2Q FY2015-2Q Change % Other Businesses Segment sales 5,306 5,404 ＋97 ＋1.8 Operating income by segment 154 -5 -159 -103.5 Duskin Hong Kong sales increased due to higher demand for paper towels in Japan. ●Overseas （Con
Slide 25: Other Businesses (Overseas Businesses)
Summary of Core Businesses (3) Other Businesses (Overseas Businesses) Overseas Businesses ➢ Customer-level sales Jan. – June 2014 Jan. – June 2015 Change (%) Taiwan 418,886 462,345 +43,458 (thousands of NTD) (+10.4%) Clean & Care Shanghai +1,229 Businesses (thousands of CNY) 7,571 8,800 (+16.2%) Sou
Slide 26: Forecasts and Actual Results
Forecasts and Actual Results
Slide 27: Forecasts and Actual Results for the First Half
Forecast & Actual Forecasts and Actual Results for the First Half *Change from forecast for the first half announced on May 15, 2015. Consolidated (millions of yen) Sales Operating Income Ordinary Income Net Income Forecast (May 15) 85,700 1,900 2,600 1,300 Actual 82,530 2,681 3,432 1,962 Difference
Slide 28: FY2015 Forecast
DUSKIN FY2015 Forecast
Slide 29: FY2015 Forecasts (1)
Forecast FY2015 Forecasts (1) Revised Forecast announced on September 24, 2015 (millions of yen) Consolidated Sales Operating Income Ordinary Income Net Income FY2014 Actual 167,987 5,067 7,083 3,441 FY2015 Forecast 173,700 5,300 6,800 3,700 FY2015 Revised Forecast (Sep 24) 169,000 5,300 6,800 3,700
Slide 30: FY2015 Forecasts (2)
Forecasts FY 2015 Forecasts (2) By Business Segment *Change from forecast on May 15, 2015 (millions of yen) FY2015 FY2015 Initial Forecast Major Factors Revised Forecast Operating Income (%) Operating Income (%) Dust Control +300, Rent-All ＋200 Sales 109,940 ― Uniform Service +100, Azare Cosmetics -
Slide 31: FY2015 Forecasts (3)
Forecasts FY 2015 Forecasts (3) By Business Segment *Compared to the previous term (millions of yen) FY2015 Actual Forecast Revised Forecast FY2014 2nd Half FY2015 2nd Half Change ( Full Year Forecast – 1st Half Actual） Operating Income (%) Operating Income (%) Operating Income (%) (%) Sales 110,400
Slide 32: Returns to Shareholders
DUSKIN BUODVREECS Returns to Shareholders
Slide 33: Returns to Shareholders: Dividends and Repurchase
Returns to shareholders Returns to Shareholders Dividends ■ FY2015 (current year) ⇒ Steady and continuous dividend distribution in line with basic policy ≪ Dividends per share (Actual & Forecasts) ≫ (yen) FY2013 FY2014 FY2015 End of 2nd Quarter 40 (Ordinary 20 yen + Commemorative 20 yen) 20 20 Year-
Slide 34: Topics
DUSKIN BUODVREECS Topics
Slide 35: Topics (1) Pie Face
Topics（1） Pie Face October 27 Lazona Kawasaki Shop November 19 Shibuya MODI Shop 35
Slide 36: Topics (2) Duskin Museum
Topics (2) Duskin Museum Duskin Museum opened on October 1, 2015 Exhibit of history and culture of cleaning and cleaning equipment Booth to experience effective cleaning See, taste and experience fun and delicious Mister Donut. 36
Slide 37: Reference
DUSKIN BUODVREECS Reference
Slide 38: Financial Summary - Non-consolidated Results
Reference 1 Financial Summary - Non-consolidated Results Non-consolidated (millions of yen) Six months Six months Increase/Decrease Reference ended ended FY 2014 ended Sept. 30, 2014 Sept. 30, 2015 Amount % Mar. 31, 2015 Sales 70,485 69,149 -1,336 -1.9 141,580 Operating Income 627 1,566 +938 +149.5
Slide 39: Business Summary by Segment
Reference 2 Business Summary by Segment Clean & Care Group Home-visit Sales Residential Market Commercial Market Periodic Rent Periodic Rent Dust Control ・・・ Mops, mats, etc. Dust Control ・・・ Mops, mats, etc. Air Clean ・・・ Air-purifiers Clean Service ・・・ Bathroom products Water Clean ・・・ Water-purif
Slide 40: Customer-Level Sales (CLS)
Reference 3 Customer-Level Sales (CLS) *Sales of overseas businesses indicated here are the total sales from January to June. CLS by Business (millions of yen) Six months ended Six months ended Increase/ % Sept. 30, 2014 Sept. 30, 2015 Decrease Clean & Care Group 134,738 136,677 +1,938 1.4% Dust Con
Slide 41: Recycle-Oriented Business Model at Dust Control Business
Reference 4 Recycle-Oriented Business Model at Dust Control Business Based on the idea to fully recycle the products through Rental of mops and mats repeated use until the end of their useable life. Franchisees pay deposit. Rental (Delivery=Rental) (Franchisees record the sales.) Production & Logist