Meiji Holdings Co., Ltd. · TSE:2269
Meiji — FY2016 Earnings Presentation
29 slides from Meiji's earnings presentation, May 16, 2017
Slide 1: Data Book Fiscal Year 2016
DATA BOOK Fiscal Year 2016 From April 1, 2016 to March 31, 2017 2017 5 16 May 16, 2017 Meiji Holdings Co., Ltd. IR PR & IR Department
Slide 2: Contents
Meiji Holdings Co., Ltd. DATABOOK Contents 3 Consolidated Financial Statements 7 Main Consolidated Financial Indicators 11 Segment Information 19 Market Data 28 Stock Information 29 Corporate Data 2015 10 1 The Company conducted a two-for-one stock split on October 1, 2015. The indicated per-share d
Slide 3: Consolidated Balance Sheets
Meiji Holdings Co., Ltd. DATABOOK Consolidated Financial Statements 1 Consolidated Balance Sheets /Millions of yen FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 730,044 716,368 749,985 785,514 779,461 877,367 856,115 883,895 Total assets 309,585 301,676 322,531 341,211 329,071 352,018 362,
Slide 4: Consolidated Statements of Income
Meiji Holdings Co., Ltd. DATABOOK Consolidated Financial Statements 2 Consolidated Statements of Income /Millions of yen FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 1,106,645 1,114,095 1,109,275 1,126,520 1,148,076 1,161,152 1,223,746 1,242,480 Net sales 734,675 732,860 738,500 743,835 7
Slide 5: Consolidated Statements of Cash Flows
Meiji Holdings Co., Ltd. DATABOOK Consolidated Financial Statements 3 Consolidated Statements of Cash Flows /Millions of yen FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 47,707 57,995 30,597 50,622 63,847 86,487 105,155 81,888 Cash flows from operating activities -33,641 -32,440 -44,314 -
Slide 6: Capital Expenditures, Depreciation and Amortization, R&D Expenses
Meiji Holdings Co., Ltd. DATABOOK Consolidated Financial Statements 4 Capital Expenditures, Depreciation and Amortization, R&D Expenses /Millions of yen FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 40,511 38,324 37,668 47,038 64,347 42,354 50,417 Capital expenditures 33,470 33,179 41,502
Slide 7: Profitability and Return Indicators
Meiji Holdings Co., Ltd. DATABOOK Main Consolidated Financial Indicators 1 Profitability Indicators (%) FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 33.6 34.2 33.4 34.0 34.3 34.7 36.4 37.1 Gross profit margin 2.6 2.6 1.8 2.3 3.2 4.4 6.4 7.1 Operating income ratio 2.6 2.7 2.0 2.6 3.4 4.6 6
Slide 8: Efficiency Indicators
Meiji Holdings Co., Ltd. DATABOOK Main Consolidated Financial Indicators 3 Efficiency Indicators FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 *1 1.54 1.52 1.47 1.47 1.4 1.41 1.42 Total assets turnover (Times)*1 *2 10.29 10.23 9.66 9.46 9.23 9.64 9.63 Inventories turnover (Times)*2 *3 35.4
Slide 9: Stability and Liquidity Indicators
Meiji Holdings Co., Ltd. DATABOOK Main Consolidated Financial Indicators 4 Stability and Liquidity Inticators FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 (%) 39.7 40.2 38.9 39.9 41.1 42.2 47.8 50.8 Shareholders' equity ratio (%) 102.9 100.1 91.5 110.2 125.9 117.9 131.2 120.2 Current rati
Slide 10: Investment Indicators
Meiji Holdings Co., Ltd. DATABOOK Main Consolidated Financial Indicators 5 Investment Indicators FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 *1 88.87 64.82 46.19 112.99 129.40 209.79 425.06 413.11 Net income per share (Yen)*1 *2 1,966.53 1,953.18 1,979.12 2,127.28 2,175.98 2,515.26 2,777
Slide 11: Segment Information: Net Sales
Meiji Holdings Co., Ltd. DATABOOK Segment Information 1 Net Sales /Millions of yen FY2012 FY2013 FY2014 FY2015 FY2016 Q1 Q1-Q2 Q1-Q3 Q1 Q1-Q2 Q1-Q3 Q1 Q1-Q2 Q1-Q3 Full-year Full-year Full-year Full-year Full-year HD 1,126,520 1,148,076 273,676 559,226 868,789 1,161,152 293,188 592,303 914,362 1,223,
Slide 12: Segment Information: Operating Income
Meiji Holdings Co., Ltd. DATABOOK Segment Information 2 Operating Income /Millions of yen FY2012 FY2013 FY2014 FY2015 FY2016 Q1 Q1-Q2 Q1-Q3 Q1 Q1-Q2 Q1-Q3 Q1 Q1-Q2 Q1-Q3 Full-year Full-year Full-year Full-year Full-year HD 25,859 36,496 10,739 18,978 42,940 51,543 16,871 33,406 59,295 77,781 22,039
Slide 13: Food Segment Sales by Main Products
Meiji Holdings Co., Ltd. DATABOOK Segment Information 3 Food Segment Sales by Main Products (Non-consolidated) /Millions of yen FY2012 FY2013 FY2014 FY2015 FY2016 Q1 Q1-Q2 Q1-Q3 Q1 Q1-Q2 Q1-Q3 Q1 Q1-Q2 Q1-Q3 Full-year Full-year Full-year Full-year Full-year 84,405 80,272 20,398 40,260 59,063 78,218
Slide 14: Pharmaceuticals Segment Sales by Main Products
Meiji Holdings Co., Ltd. DATABOOK Segment Information 4 Pharmaceuticals Segment Sales by Main Products (Non-consolidated) /Millions of yen FY2012 FY2013 FY2014 FY2015 FY2016 Q1 Q1-Q2 Q1-Q3 Q1 Q1-Q2 Q1-Q3 Q1 Q1-Q2 Q1-Q3 Full-year Full-year Full-year Full-year Full-year 58,143 58,936 11,373 23,342 38,
Slide 15: List of New Products Under Development
Meiji Holdings Co., Ltd. DATABOOK Segment Information 5 List of New Products Under Development Stage Development Code Generic Name Formulation Indication Notes SME3110 Applied Depromel SME3110 (Fluvoxamine) Oral Pediatric OCD (Additional indications) Co-development: AbbVie G.K. ME2112 Phase ME2112 (
Slide 16: Net Sales of Exports and Foreign Consolidated Group Companies
Meiji Holdings Co., Ltd. DATABOOK Segment Information 6 Net Sales of Exports and Foreign Consolidated Group Companies /Millions of yen FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 29,097 29,418 38,353 38,191 Food segment YoY (%) ― 101.1 130.4 99.6 17,325 23,961 41,961 38,731 Pharmaceutica
Slide 17: Information on Major Domestic Affiliates
Meiji Holdings Co., Ltd. DATABOOK Segment Information 7 Information on major domestic affiliates (Consolidated) Segment Business Name Product Function Meiji Fresh Network Co., Ltd. Dairy products Sales Fresh and Dairy products, Confectionery Sales and Production fermented dairy Shikoku Meiji Co., Lt
Slide 18: Information on Major Overseas Affiliates
Meiji Holdings Co., Ltd. DATABOOK Segment Information 8 Information on major Overseas affiliates Segment Area Name Location Product Function Meiji Seika Food Industry (Shanghai) Co., Ltd. Consolidated Shanghai Confectionery Sales and Production Meiji Dairies (Suzhou) Co., Ltd. Consolidated Suzhou Da
Slide 19: Market Share of Main Products in Japan: Food
Meiji Holdings Co., Ltd. DATABOOK Market Data 1 2016 Market Share of Main products in Japan (FY2016) Food Segment Yogurt Drinking milk Natural cheese share 43.7% [No.1] share 23.6% [No.1] share 11.2% [No.3] 43.7% 23.6% 11.2% Market Scale Market Scale Market Scale 4,005 2,424 1,000 400.5 billion yen
Slide 20: Market Share of Main Products in Japan: Pharmaceuticals
Meiji Holdings Co., Ltd. DATABOOK Market Data 1 2016 Market Share of Main products in Japan (FY2016) Pharmaceuticals Segment Systemic antibacterial drugs Antidepressant drugs Generic drugs share 14.3% [No.1] share 18.7% [No.2] No.1 manufacturer of generic drugs 14.3% 18.7% among brand-name drug comp
Slide 21: Market Trends in Overseas Raw Materials Prices
Meiji Holdings Co., Ltd. DATABOOK Market Data 2 Market Trends in Overseas Raw Materials Prices [USD/MT] Whole milk powder [USD/MT] Nonfat dry milk [USD/MT] Cheese 4,000 2,500 4,500 3,500 4,000 2,000 3,000 3,500 2,500 3,000 1,500 2,000 2,500 1,500 1,000 2,000 MMR1 Comdty GP <GO> LE1 Comdty GP <GO> CH
Slide 22: Statistics Related to Drinking Milk and Dairy Products in Japan
Meiji Holdings Co., Ltd. DATABOOK Market Data 3 Statistics Relted to Drinking Milk and Dairy Products in Japan Raw milk production volume in Japan Drinking milk production volume in Japan Dairy products production volume in Japan [1,000 t] [1,000 t] [1,000 t] 10,000 4,500.0 250 Other Prefectures Hok
Slide 23: Statistics Related to Drinking Milk and Dairy Products in Japan
Meiji Holdings Co., Ltd. DATABOOK Market Data 3 Statistics Relted to Drinking Milk and Dairy Products in Japan 1 1 Number of female dairy cows in Japan Annual dairy consumption in Japan per capita Weighted average raw milk price in Japan [ ] [ /Liter] [¥/Kg] 2,200,000 90 40.0 110.0 79.1 80 35.0 101.
Slide 24: Statistics Related to Cacao Beans and Chocolate
Meiji Holdings Co., Ltd. DATABOOK Market Data 4 Statistics Related to Cacao beans and Chocolate Global supply and demand of cacao beans Import volume of cacao beans in Japan Production volume of cacao beans by country [1,000 t] [1,000 t] [1,000 t] 4,500 80 2,000 4,180 Ivory Coast Production Grinding
Slide 25: Public Welfare Statistics
Meiji Holdings Co., Ltd. DATABOOK Market Data 5 Public Welfare Statistics Future Japanese population projections Number of births and birth rate in Japan Number of Senior citizen households in Japan [ /Tousands of people] [ /10 thousands of people] [ /Millions of households] 200 50% 2,500 20% 70 30%
Slide 26: Pharmaceutical Statistics
Meiji Holdings Co., Ltd. DATABOOK Market Data 6 Pharmaceutical statistics Ratio of national medical expenditures to drug cost in Japan Net sales of ethical pharmaceuticals and Generic drugs share (volume-based) [ /Trillions of yen] [ /100 millions of yen] breakdown of net sales per drug type 60 30%
Slide 27: Pharmaceutical Statistics
Meiji Holdings Co., Ltd. DATABOOK Market Data 6 Pharmaceutical Statistics MR GE Number of medical representatives in Japan Global trends in pharmaceutical market Global trends in generic drug market [10 /Billion dollars] [10 /Billion dollars] [ /Hundreds of people] Total 16% 1,200 350 Asia,Africa,Oc
Slide 28: Stock Information
Meiji Holdings Co., Ltd. DATABOOK Stock Information 1 Major Shareholders 2017 3 31 As of March 31, 2017 2 Stock Price and Trading Volume Trading Volume (Thousand Million) Stock Price (Yen) (%) Name Number of shares held Percentage of total 35000 12000 (Thousands) shares issued (%) 30000 10000 9,790
Slide 29: Corporate Data
Meiji Holdings Co., Ltd. DATABOOK Corporate Data 1 Corporate Data 2017 3 31 As of March 31, 2017 2269 3 31 Company Name Meiji Holdings Co., Ltd. (Securities code:2269) Fiscal Year-End March 31 104-0031 4 16 6 Head Office 2-4-16, Kyobashi, Chuo-ku, Tokyo 104-0031, Japan Ordinary General Late in June