Take And Give. Needs Co., Ltd. · TSE:4331
Take And Give. Needs — Q1 FY2014 Earnings Presentation
28 slides from Take And Give. Needs's earnings presentation, Aug 7, 2013
Slide 1: Briefing Materials for First Quarter of FY Ending March 31, 2014
TAKE AND GIVE. NEEDS Co., LTD. Briefing Materials for First Quarter of FY Ending March 31, 2014
Slide 2: Disclaimer and contact information
This material is intended to provide information about the business performance and strategy of Take and Give. Needs Co., Ltd. (T&G). It is not intended to be and should not be construed as an inducement to purchase or sell stock in T&G. Statements in this presentation and at any explanatory meeting
Slide 3: Agenda
I. Results of First Quarter of the P4-16 FY Ending March 2014 1. Summary of Results P5 2-1. Consolidated Financial Results P6-11 2-2. Consolidated Balance Sheets P12-13 3. Dividend Forecast for FY Ending March 2014 P14 4. Stock Split and Adoption of Share Unit System P15 5. Acquisition of Own Shares
Slide 4: Results of First Quarter FY Ending March 2014
Ⅰ Results of First Quarter FY Ending March 2014
Slide 5: Overview of first quarter of fiscal year ending March 2014
Ⅰ 1. Overview of first quarter of fiscal year ending March 2014 Both sales and income surpassed forecasts Net sales reached a record high with a 17% gain, while operating income rose 77% Performance at T&G’s directly operated venues was strong, with average unit prices particularly solid Average uni
Slide 6: Consolidated Financial Results
Ⅰ 2-1-1. Consolidated Financial Results Performance at T&G’s directly operated venues was strong, with both sales and income exceeding forecasts Income increased significantly, partly because operating costs will not be posted until Q2 and beyond (Ref.) (Ref.) Unit: Plan of FY Results of Results Res
Slide 7: Sales and Sale Share by Business Segment
Ⅰ 2-1-2. Sales and Sale Share by Business Segment Expansion in growth fields of “overseas” and “hotel wedding contract operations” Steady progress toward achieving overseas sales ratio of 10% in line with target in medium-term plan Results of Results of Results of Unit: (First quarter) Q1 FY Q1 FY Q
Slide 8: Domestic Wedding Business
Ⅰ 2-1-3. Domestic Wedding Business Steady rise in contracts for weddings at T&G’s directly operated venues; average unit price exceeded forecast Expansion of hotel wedding contract operations contributed to earnings in the wedding production business Results (Ref.) (Ref.) (First quarter) Unit: Plan
Slide 9: Overseas and Resort Wedding Business
Ⅰ 2-1-4. Overseas and Resort Wedding Business Overseas sales rose 6% year on year and orders were also solid Advance investments made in Asia wedding business (Ref.) (Ref.) (First quarter) Unit: Results of Results Plan of FY Results of Year-on- million Mar-14 Q1 FY vs. Q1 FY year Change in net sales
Slide 10: Gross Profit and Operating Income
Ⅰ 2-1-5. Gross Profit and Operating Income The gross profit margin rose 2.6 pts year on year due to reforms in the revenue structure. Greater efficiency with rents and advertising expenses (Ref.) (Ref.) (First quarter) Unit: Results of Results million Plan of FY Q1 FY vs. Results of Year-on- Changes
Slide 11: Ordinary income and net income
Ⅰ 2-1-6. Ordinary income and net income Decline in interest expenses due to reduction in interest-bearing liabilities Net income rose 120% year on year Unit: Results of Results (Ref.) (Ref.) Major Factors Plan of FY Results of Year-on- million Q1 FY vs. Mar-14 Q1 FY year yen Mar-14 Plan change Mar-1
Slide 12: Consolidated Balance Sheets [Assets]
Ⅰ 2-2-1. Consolidated Balance Sheets [Assets] Increase in intangible fixed assets due to acquisition of business rights Continued progress in improving efficiency of assets Unit: million End-March End-June Other Major Factors Change yen 2013 2013 ◆ Increase in intangible fixed assets (*1) Up ¥281 mi
Slide 13: Consolidated Balance Sheets [Liabilities and Net Assets]
Ⅰ 2-2-2. Consolidated Balance Sheets [Liabilities and Net Assets] Balance of interest-bearing liabilities continued to fall, reaching ¥17.9 billion Changes in interest-bearing End-March End-June Unit: million yen Change liabilities balance 2013 2013 (Unit: million yen) Total liabilities 28,550 28,63
Slide 14: Dividend Forecast for FY Ending March 2014
Ⅰ 3. Dividend Forecast for FY Ending March 2014 Plan to pay ¥120 in dividends per share at the end of the fiscal year (¥12 per share after stock split) Dividends per share End-Q2 Fiscal year-end Annual total FY ended March 2012 ¥0 ¥100 ¥100 FY ended March 2013 ¥0 ¥120 ¥120 FY ending March 2014 ¥0 ¥1
Slide 15: Stock Split and Adoption of Share Unit System
Ⅰ 4. Stock Split and Adoption of Share Unit System Stock split and adoption of a share unit system in accordance with the “Action Plan for Consolidating Trading Units” announced by stock exchanges of Japan • Stock split Method of stock split: Common stock split at a ratio of 1:10 Record date: Septem
Slide 16: Acquisition of Own Shares
Ⅰ 5. Acquisition of Own Shares Acquisition of Own shares to flexibly conduct capital policy in line with changes in the business environment •Acquisition of Own shares Acquisition period: May 13 – June 4, 2013 (contract base) Type of share to be acquired: Common share Total number of shares acquired
Slide 17: Consolidated earnings forecasts and priority measures for FY ending March 2014
Ⅱ Consolidated earnings forecasts and priority measures for FY ending March 2014
Slide 18: Priority Measures of FY Ending March 2014
Ⅱ 1. Priority Measures of FY Ending March 2014 Steady growth in existing venues and full-year contribution from BW Generate profit from new venues and affiliations and reform profit structure <153P Priority Strategies> <Priority Measures> <Wedding production services in Asia> Expansion into Shenzhen
Slide 19: Topic 1: Strategic renovations
Ⅱ 2-1. <Topic 1> Strengthening directly operated venues: Strategic renovations Constructive investment to bring out strengths of existing prime venues Strategic renovation of Arferique Geihinkan Kumamoto Arferique Geihinkan Kumamoto Renovation August 2013 (plan) Opening September 2013 Address 860-00
Slide 20: Topic 2: Promoting M&A
Ⅱ 2-2. <Topic 2> Strengthening directly operated venues: Promoting M&A Acquire business rights for THE SEASON’S, as with Victoria Garden Ebisu Geihinkan THE SEASON’S Address 6-1 Nishihiranumacho, Nishi-ku, Yokohama, Kanagawa prefecture Facilities Banquet halls: 2 (Capacity: 30-90 seats) Chapel: 1 Op
Slide 21: Topic 3: New venues
Ⅱ 2-3. <Topic 3> Strengthening directly operated venues: New venues Wedding facility based on new concept bringing together BW’s and T&G’s strengths will be opened Jingu-mae Roku-chome (provisional name) Project New venue style Wedding facility, restaurant (planned) Site of new venue 6-28-6 Jingu-ma
Slide 22: Topic 4: Increase new agreements with hotels
Ⅱ 2-4. <Topic 4> Expanding hotel wedding contract operations: Increase new agreements with hotels Agreements with Hotel Boston Plaza Kusatsu and Miyazaki Kanko Hotel began Steady increase in agreements with hotels Hotel Boston Plaza Kusatsu (Agreement began in May 2013) Operating company Minami Kogy
Slide 23: Topic 5: Wedding production services in Asia
Ⅱ 2-5. <Topic 5> Accelerate overseas strategy: Wedding production services in Asia Local offices established in Shenzhen, expansion in sales base More agreements with five-star hotels around the world, accelerated overseas strategy Further increase in agreements with five-star hotels. Fairmont Yan
Slide 24: Topic 6: Overseas and resort weddings
Ⅱ 2-6. <Topic 6> Accelerate overseas strategy: Overseas and resort weddings Opening of The Makana Chapel, T&G’s own chapel in Hawaii’s renowned Sheraton Waikiki Hotel Sheraton Waikiki The Makana Chapel Opened June 2013 Just opened in the Sheraton Waikiki Hotel, a large resort hotel in a prime locati
Slide 25: Topic 7: Create next-generation wedding style
Ⅱ 2-7. <Topic 7> Create next-generation wedding style Haute couture Design forms business affiliation with The Ritz Carlton Tokyo Designer’s wedding The Ritz Carlton Tokyo Weddings created by a team of professional designers in all fields covering everything from paper items to decorations, Address
Slide 26: Topic 8: Create next-generation wedding style
Ⅱ 2-8. <Topic 8> Create next-generation wedding style Strengthen information capacity of T&G’s Wedding Research Center Information hub established in Los Angeles following that in New York T&G Wedding Research Center Established New York September 1, 2012 Shanghai Los Angeles Role Japan T&G Group’s
Slide 27: Revenue Plans for the FY Ending March 2014
Ⅱ 3. Revenue Plans for the FY Ending March 2014 Initial forecasts have been left unchanged in light of impact of advance investment in preparing for opening of new venues and overseas strategies and expenses carried over from Q1. FY Mar-2013 FY Mar-2014 Unit: FY Mar-2012 Increase/Decrease Percentage
Slide 28: To enrich hearts and lives
To enrich hearts and lives
Take And Give. Needs — Q1 FY2014 Earnings Presentation on 6ix