Slide 1: FY2013 Financial Results
FY2013 Financial Results FP Corporation May 10,2013 FP Corporation ・
Slide 2: Cautions for Handling This Material
Cautions for Handling This Material We have paid extremely close attention to the information provided through presentations at this session and contained in the handouts. The forward-looking statements included in the information are our estimates based on the information available at the time of p
Slide 3: Table of Contents
Table of Contents Performance Report - Planned Head of Finance and Accounting Division Isao Ikegami ... 3 Working Towards Medium- and Long-Term Targets Chairman & CEO Yasuhiro Komatsu . . . 13 Towards Increasing the Scale of Operations President & COO Morimasa Sato . . . 23 Supporting Data . . . 33
Slide 4: Performance Report
Performance Report FY2013 Head of Finance and Accounting Division Isao Ikegami FP Corporation 3・
Slide 5: Financial Results Summary (Fiscal year ended March 2013)
Financial Results Summary (Fiscal year ended March 2013) T welve-month performance T welve-month projections FY ended March 2012 FY ended March 2013 FY ended March 2013 Ach iev emen t Unit: million yen Performance Percen tag e Perform ance Percen tage In crease / d ecrease Year-on -y ear Quantity Pl
Slide 6: Factors Influencing Ordinary Income (Fiscal year ended March 2013)
Factors Influencing Ordinary Income (Fiscal year ended March 2013) 1st half performance 2nd half performance Difference from Unit: billion yen projection FY ended March 2012: ¥14.95 bn Sales performance Sales 158.2 bn +1.6% year on year 1st half FY 2012 ¥6.917 bn 2nd half FY 2012 ¥8.03 bn Raw materi
Slide 7: Balance Sheet (Fiscal year ended March 2013)
Balance Sheet (Fiscal year ended March 2013) Pre vious consolidate d fiscal Twe lve month of the consolidate d fiscal ye ar unde r re vie w ye ar FY ended March 2012 FY ended March 2013 (As of March 31, Increase / Breakdown of main increases and decreases (As of March 31, 2012) Year-on-y ear Unit: m
Slide 8: Capital Investments and Research and Development Cost
Capital Investments and Research and Development Cost (Fiscal year ended March 2013) Twe lve -month pe rformance Twe lve -month proje ctions FY ended March 2012 FY ended March 2013 FY ended March 2013 Increase / Achievement Unit: million y en Performanc Performanc decrease Year-on-y ear Planned rate
Slide 9: Cash Flows (Fiscal year ended March 2013)
Cash Flows (Fiscal year ended March 2013) T welve-month performance FY ended March FY ended March 2013 Unit: million y en Performance Performance Breakdown of Main Items Net income before taxes and other adjustments 14,794 Depreciation and amortization 9,746 Decrease in accounts pay able -477 CF fro
Slide 10: Plan FY2014
Plan FY2014 FP Corporation 9・
Slide 11: Outline of Plan for Account Settlement (Fiscal year ending March 2014)
Outline of Plan for Account Settlement (Fiscal year ending March 2014) Full year performance Full year projections First half projections FY ended March 2013 FY ending March 2014 FY ending March 2014 Increase / Year-on- Increase / Performance Percentage Planned Percentage Planned Percentage Year-on-
Slide 12: Planned Increase/Decrease in Ordinary Income
Planned Increase/Decrease in Ordinary Income 1st half 2nd half (Fiscal year ending March 2014) performance performance Unit: billion yen FY ended March 2013: ¥15.12 bn Sales Plan Sales 170.5 bn +7.8% year on year 1st half FY 2013 ¥7.53 bn 2nd half FY 2013 ¥7.59 bn -4.1 bn -1.8 1st half Raw material
Slide 13: Planned Capital Investment and R&D Costs
Planned Capital Investment and R&D Costs (Fiscal year ending March 2014) Full year Full year projections First half projections performance FY ended March 2013 FY ending March 2014 FY ending March 2014 Increase / Increase / Year-on-year Year-on-year Unit: million y en Performance Planned decrease Pl
Slide 14: Working Towards Medium- and Long-Term Targets
Working Towards Medium- and Long-Term Targets Chairman & CEO Yasuhiro Komatsu FP Corporation 13・
Slide 15: Summary of Consolidated Financial Results and Forecast for the Future
Summary of Consolidated Financial Results and Forecast for the Future » Strong New Product Sales » World’s first materials and functions » Strategic Investments Increased sales of MFP (multi FP) July 2012 Completed construction of Kanto Yachiyo Expanded MSD (multi solid) sales Plant Expanded sales o
Slide 16: Trends in Raw Material
Trends in Raw Material 2,500 ＄／Ton Sudden decline Renewed increase A sharp rise started at Sharp rise from from the end of 2008 since middle of 2009 the beginning of 2011 the end of 2012 Corrected product 2,000 Passed on Internal improvements Transfer to product prices to product prices prices Imple
Slide 17: Increase market share using five new sheets +α
Products Expand share of 500 billion yen market Increase market share using five new sheets +α (2) New transparent PP (1) MFP (multi FP) Heat-resistant and transparent Resistant to a wide range of temperatures: from -40ºC (cold resistance) to +110ºC (heat resistance) Heat resistance: to +120ºC Incre
Slide 18: Production Supply Setup near Points of Consumption
Production Production Supply Setup near Points of Consumption Hokkaido Plant Tohoku Plant Scheduled for Renovation Kasaoka Plant Kameoka Plant Yamagata Plant Tohoku Plant Kannabe Plant Toyama Plant Kanto Shimodate Plant Plant Fukuyama Plant Tsukuba Chikusei Plant Plant Kyushu Plant Daks Co. Kanto Pl
Slide 19: Distribution Network with Full Nationwide Coverage
Distribution Taking on a 2 trillion yen market Sharp Rise in Unit Prices for Transportation Improving a Distribution Network with Full Nationwide Coverage May 2010: Upgrade and Expansion of Fukuyama Picking Center Hokkaido Distribution Center Hokkaido PC Fukuyama PC Fukuyama Distribution Center Nove
Slide 20: Making the environment and disabled employees an integrated part of our operations
Recycling Making the environment and disabled employees an integrated part of our operations FY2013 8,237tons used trays Recycling of Sell 17.1 billion yen Collect from 8,400 centers PET bottles 3,081tons terrestrial resources of Eco Trays 684 employees with disabilities Eco APET (current number of
Slide 21: Strategic Investment
Strategic Investment Kyushu New Distribution Center Distribution • Kyushu Distribution Center Upgrade and Expansion Scheduled to start operation in July 2013 Kansai New Picking Center New Distribution Center • Kansai Distribution Center Upgrade and Expansion Scheduled to start operation in October 2
Slide 22: Medium-Term Goals
Medium-Term Goals Ordinary profit Margin 12% Expanding our share World’s first sheets and in a ¥500 billion market materials Products Creating new markets 200 bn 113.1 bn 115.1 bn 1,25.9 bn M&A Introduction of sustainable Product new products sales Global market Ordinary profit Margin Accelerate dev
Slide 23: Actions for Expanding the Scale of the Company
Actions for Expanding the Scale of the Company Products Market size: ¥500 billion Goods Market scale: Over ¥2 trillion Containers for simple packaging Supplies and packaging materials/equipment In stores Packaging outside stores Retail / Ready-made Meals / Restaurant Dining Agricultural Processed Fr
Slide 24: Towards Increasing the Scale of Operations
Towards Increasing the Scale of Operations President & COO Morimasa Sato FP Corporation 23・
Slide 25: World's First Sheets and Materials
World’s First Sheets and Materials Evolution from a sheet processing manufacturer PP: polypropylene PS: polystyrene PSP: foamed polystyrene Easy to mold Heat-resistant: +110ºC Low raw material ratio High oil resistance Weight reduction is possible Foam is hard and resistant to High insulation weight
Slide 26: Market Circumstances
Market Circumstances Intensifying competition due to excessive stores Expansion of national chains into regional areas Active launch of convenience stores Entries from other sectors, such as drugstores and DIY stores Expansion of private brands The gap between strong and weak provincial supermarkets
Slide 27: Distribution Network Improvements – Kyushu DC / PC
Distribution Network Improvements – 1 Kyushu DC / PC Start of Operation July 2013 Distribution Centers Production Centers New Center - Three-story DC Current Center Floor Area 5,000 tsubo DC Storage Floor Area 6,800 tsubo 110,000 cases Capacity DC Storage 130,000 cases Current Center - Expansion of
Slide 28: Distribution Network Improvements – Kansai DC / PC
Distribution Network Improvements – 2 Kansai DC / PC Start of Operation October 2013 Distribution Centers Production Centers New Center - Five-story DC / PC Floor Area 3, 200 tsubo DC Current Center Storage Capacity 70,000 cases PC Floor Area 3,800 tsubo PC Floor Area 7,800 tsubo Current Center - Ch
Slide 29: Distribution Network Improvements – 3-1
Distribution Network Improvements – 3-1 Loading at Fukuyama Distribution Center 1 2 3 4 Loading conducted at five locations, (1) through (5) Takes around 3 hours to load 82% of vehicles 5 (Average of 2 hours, 50 minutes) Fukuyama Picking Center FP Corporation 28・
Slide 30: Fukuyama Cross Dock Center
Distribution Network Improvements – 3-2 Fukuyama Cross Dock Center Start of Operation November 2014 Conveyor Connection Fukuyama Cross Dock Center July 2014 Start of Warehouse Operation (2nd and 3rd floors, 100,000 cases) November 2014 Start of Cross Dock Center Operation (1st floor) Fukuyama Pickin
Slide 31: Distribution Network Improvements – 4
Distribution Network Improvements – 4 - Overall optimization in Kanto area Kanto - Improved distribution quality - Coverage of entire Kanto region from East to West - Risk diversification Nishikanto PC - Reduced total costs Tokai Kanto Hub Center Ken-O Expressway Tohoku Expressway Joban Expressway K
Slide 32: Enhancement of the Logistical Network
Enhancement of the Logistical Network Logistics services of high quality and high efficiency will cover the entire country. March 2013 October 2013 November 2014 Distribution centers: 107,500 tsubo 118,000 tsubo 136,500 tsubo Picking centers: 34,500 tsubo 40,000 tsubo 42,200 tsubo October 2014: Hach
Slide 33: Actions for Expanding the Scale of the Company
Actions for Expanding the Scale of the Company Products Market size: ¥500 billion Goods Market scale: Over ¥2 trillion Containers for simple packaging Supplies and packaging materials/equipment In stores Packaging outside stores Retail / Ready-made Meals / Restaurant Dining Agricultural Processed Fr
Slide 34: Supporting Data
Supporting Data - 33 ・- FP Corporation
Slide 35: Information on the Facility Tour
Information on the Facility Tour - You can arrange a tour at a convenient time for you. - A tour takes around three hours. - Contact Kodama at the Corporate Planning Department (03-5325-7756). Tour of facilities in Chubu PET Recycling Container Sorting - The closest station is Gifu Hashima Station o
Slide 36: Ongoing Factors Influencing Ordinary Income
Ongoing Factors Influencing Ordinary Income Unit: 100 million yen 47th term 48th term 49th term 50th term 51th term 52st term (FY ended M arch (FY ended M arch (FY ended M arch (FY ended M arch (FY ended M arch (FY ending M arch 41st 42nd 43rd 44th 45th 46th 2009) 2010) 2011) 2012) 2013) 2014) (proj
Slide 37: Trends in Capital Investment and R&D Costs
Trends in Capital Investment and R&D Costs Unit: million yen Capital investment figures from FY ending March 2009 onwards refer to all investments, including leasing and procurement. - 36 ・- FP Corporation
Slide 38: Nine Sorting Centers
Nine Sorting Centers Lines for sorting foamed PS containers by color <Nine Sorting Centers’ capacity (full-time)> PSP: 26 lines, 10,600 tons a year Manually sorting into white and color Transparent containers: 13 lines, 1,600 tons a year Disabled employees engaged in - Sorting foamed PS containers b
Slide 39: Three Recycling Plants
Three Recycling Plants Sorting Centers <Total capacity of the three recycling plants> PS: 5,000 tons a year (full-time) PET: 20,000 tons a year Recycling Plant Hot water and alkali cleaning PS Container Recycling Line 1st Cleaning 2nd Cleaning Rinsing Melting & Removal of Dewatering - Foamed PS prot
Slide 40: Kanto Yachiyo Plant
Kanto Yachiyo Plant Completion in July 2012 Three floors, approx. 14,500 tsubo Building: 175 m x 105 m x 26 m (height) 1st floor: production facilities 6,300 tsubo 2nd floor: picking 3,500 tsubo 3rd floor: warehouse facilities 4,500 tsubo Distribution Production facilities facilities Connect existin
Slide 41: Locations of Centers in Kanto
[Locations of Centers in Kanto] - 40 ・- FP Corporation
Slide 42: Awards and certifications
April 2007 Received the Award for Excellence in the Product Division of the First Container and Packaging 3R Promotion Minister of the Environment Awards. http://www.env.go.jp/recycle/yoki/b_2_approach/ March 2009 Certified as a leading company in the employment of disabled workers by (received the