Takamiya Co., Ltd. · TSE:2445
Takamiya — Q3 FY2020 Earnings Presentation
28 slides from Takamiya's earnings presentation, Feb 25, 2020
Slide 1: Results Briefing Materials for the Third Quarter of FY Ending March 31, 2020
Results Briefing Materials for the third Quarter of the Fiscal Year Ending March 31, 2020 Notice: This document is an excerpt translation of the original Grand Front Osaka Tower-B Bldg. 27F, 3-1, Ofuka-cho, Kita-ku, Osaka 530-0011, Japan Japanese document and is only for reference purposes. TEL：+81-
Slide 2: Company Overview of Takamiya Co., Ltd.
Company Overview of Takamiya Co., Ltd. Trade name Takamiya Co., Ltd. Incorporation June 21, 1969 Representative Representative director, Kazumasa Takamiya Capital 1,050,114,385 yen Number of employees Consolidated : 1,481; Non-consolidated : 789 (As of end-December, 2019) Registered head office Gran
Slide 3: Topics
TOPICS Dec. 26, 2019 Notice of Land Acquisition Notice of Changes in Directors and Officers Notice of Land Acquisition The Company obtained a parcel of la nd at Yumeshima, the Osaka-Kansai Japan Expo 2025 site, with excellent accessibility from the surrounding urb an areas, where state-of-the-art lo
Slide 4: Summary of consolidated performance: business overview
1. Summary of consolidated performance (consolidated period: Apr. ~ Dec. , 2019) 1.1 Apr. ~ Dec., 2019: Business overview [Sales business] In addition to the Iq System, large-scale agri-business projects made a certain contribution – Largely robust around sales of the Iq System and related equipment
Slide 5: Summary of consolidated performance (Apr.–Dec. 2019)
1. Summary of consolidated performance (consolidated period: Apr. ~ Dec., 2019) 3Q FY Ended March 31, Consolidated Results 3Q FY Mar., 2020 Results 3Q FY Mar., 2020 Results % change 2019Results （Unit：million yen） Sales ratio Sales ratio Sales ratio （y/y） Net sales － － 34,291 － 31,869 － +7.6% Gross p
Slide 6: Quarterly Change in Results by Segment
1. Summary of consolidated performance 1.3 Quarterly Change in Results by Segment （Unit : million yen ） FY March 31,2019Results FY March 31,2020Results 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Sales business segment net sales 2,877 3,764 3,439 3,431 3,136 4,419 3,690 － (Of which) Inter- 2,853 3,702 3,388 3,449 3,117
Slide 7: Net sales
1. Summary of consolidated performance (consolidated period: Apr. ~ Dec., 2019) 1.4 Net sales Increased by 2,422 million yen (+7.6% YoY): Both Rental business and Sales business contributed, whereas overseas large-scale projects passed a peak YoY +7.6% (Unit : million yen) 2020/02/25 Page 7
Slide 8: Operating income
1. Summary of consolidated performance (consolidated period: Apr. ~ Dec., 2019) 1.5 Operating income Increased by 766 million yen (+38.2% YoY): Revenues from rental fees maintained steady growth, and Overseas business segment substantially improved its profitability thanks to unprofitable projects h
Slide 9: EBITDA
1. Summary of consolidated performance (consolidated period: Apr. ~ Dec., 2019) 1.6 EBITDA（Operating income+Depreciation） Increased by 763 million yen (+13.7% YoY): Mainly thanks to higher operating income, despite depreciation (mainly of assets for rent) remaining mostly level. 前年同期比 +13.7% (Unit :
Slide 10: Sales by segment
1. Summary of consolidated performance (consolidated period: Apr. ~ Dec., 2019) 1.7 Sales by segment (compared to the same period of the previous year) Double-digit increase in earnings of both Rental and Sales business segments. Consolidated financial results 3Q FY Mar., 2019 3Q FY Mar., 2020 YoY C
Slide 11: Operating income by segment
1. Summary of consolidated performance (consolidated period: Apr. ~ Dec., 2019) 1.8 operating income by segment (compared to the same period of the previous year) Double-digit increase in every segmental operating income. Improved operating income ratios in Rental and Overseas business segments. Con
Slide 12: Sales business: factors for increase/decrease YoY
2. Sales business 2.1 Factors for increase/decrease YoY Net sales: +1,165 million yen (increased) Sales of the Iq System and peripheral eq uipment (temporary equipment) maintai ned steady growth. Although sales of used equipment has b een at a low level due to decreased dem and for conventional scaf
Slide 13: Sales business: comparison with the previous year
2. Sales business 2.2 Comparison with the previous year Construction-related sales was higher than the previous year, and sales of agricultural greenhouses contributed to Environment-related sales 2,957 8,626 7,540 778 2,247 4Q 2,201 2,163 3Q 2,062 920 1,042 2Q 2,296 3,243 628 875 1Q 2,067 2,134 577
Slide 14: Sales business: Prevalence of the Iq System
2. Sales business Prevalence of the Iq System Looking only at the 3Q (Oct. - Dec.), it continued to maintain steady growth as achieving 35% increase YoY (from 628 million yen to 847 million yen) （ Unit : million yen ） Sales performance of the Iq system compared to the same period of the previous yea
Slide 15: Prevalence of the Iq System and next generation scaffolding
2. Sales business 2.4 Prevalence of the Iq System Market has shifted to the next generation scaffolding, so sales expansion has been sought by synergy with rental business. Prevalence of the Iq System Prevalence of the next generation scaffolding （Unit : millions of ㎡） （ Unit : millions of ㎡ ） 800 6
Slide 16: Rental Business: comparison with the previous year
3. Rental Business 3.1 Comparison with the previous year Net sales: +1,990 million yen (increased) Shipment of equipment for construc tion work to extend Hokuriku Shinka nsen (bullet train) contributed to inc reased revenues from rental fees of the Company alone. Besides, constr uction-related sales
Slide 17: Rental Business: utilization rates
3. Rental Business 3.2 Comparison with the previous year * Trend of utilization rates looks like a mountain with its peak at the 3Q each year * Utilization rate = rented amount / overall holdings Utilization rate of the Iq System slightly decreased because of increased holdings, but could maintain s
Slide 18: Rental Business: Ratio of Sales by Area
3. Rental Business 3.3 Ratio of Sales by Area Sales relating to civil engineering in Chubu block continued to make good progress FY Mar., 2018 FY Mar., 2019 1Q FY Mar., 2020 3.6% 4.0% 4.1% 12.5% 13.0% 13.4% Tohoku Kanto 26.8% 27.3% 26.5% Chubu Kansai 37.2% 44.4% 40.5% Kyusyu 12.8% 15.1% 18.7% *NOTE:
Slide 19: Overseas business: comparison with the previous year
4. Overseas business 4.1 Comparison with the previous year Net sales: (558) million yen (decreased) Even though large-scale photovoltaic station projects in Korea passed a pe ak, resulting in lower sales than the p revious year, profitability improved. Meanwhile, businesses in the Philippi nes and V
Slide 20: Overseas business: Sales Ratio by Segment
4. Overseas business 4.2 Sales Ratio by Segment Sales ratio of overseas segment has increased since the 2Q (13.6%), and along with improved profitability, has gradually come to contribute to the overall business performance. Overseas Overseas Overseas Business Business Business Sales Sales Sales 14.
Slide 21: Change in Consolidated Balance Sheet
5. Change in Consolidated Balance Sheet Fund-raising (disposing of treasury stock and capital increase) during the 2Q and other factors contributed to increase in shareholders' equity by 3,400 million yen. Equity ratio is 30.3% (it was 26.0% at the end of the previous term). Investments and other as
Slide 22: Status of shareholder return: Dividend
6. Status of shareholder return Forecasted divided for the second half is revised from "7 yen" to "8 yen", so it is forecasted as "14 yen" for the full term, namely increase by 3 yen YoY (commemorative dividend of 2 yen + 1 yen that takes achievements into account). FY Mar., 2020 FY Mar., 2017 FY Ma
Slide 23: Full-term performance forecasts
7. Full-term performance forecasts Amendments to full-term performance forecasts were announced on October 28, 2019. Previous YoY “Reference” Forecast Revised Forecast FY Ending March Change Amount Change % 31, 2019 （Unit：million yen） Net sales 44,700 45,590 3,407 +8.1% 42,182 Operating income 3,200
Slide 24: ESG Information: Information disclosure
ESG Information Information disclosure • Video streaming of Financial Results Briefing (4 ~ 7 days after the Briefing) • Disclosure of English versions of Summary of Financial Results, Results Briefing Materials, and Timely Disclosure Release (partly) (7 ~ 10 days after disclosing Japanese version/T
Slide 25: ESG Information: fostering human resources
ESG Information Approaches to flourishing/fostering human resources Promoting "Human centered capitalism" style management and measures centered on human resources ・Promoting in-house projects centered on mid-level/young employees ・Incentive reward according to the degree of KPI attainment set by ea
Slide 26: ESG Information: Social/Disaster-prevention/Environmental contributions
ESG Information Social/Disaster-prevention/Environmental contributions by our business Originally, our rental business started from the viewpoint of effective use of limited resources. That field has now spread to various products and services. Percentage of workers who can walk through without bowi
Slide 27: ESG Information: Social contribution by products/services
ESG Information Social contribution by products/services Infrastructure Seismic countermeasure Flood Support for agriculture maintenance and repair and disaster mitigation countermeasure G-Castle AOS Oct-brace TIGERDAM greenhouse Construction method for maintenance Buckling constraint brace Waterbag
Slide 28: IR contact
IR contact HP Company ： Takamiya Co., Ltd. name Grand Front Osaka, Tower B, 27F, ： For Investor Address 3-1 Oofuka-cho, Kita-ku, Osaka, 530-0011, Japan HP ： https://www.takamiya.co/en/ For ： https://www.takamiya.co/en/ir/ Investor Japan ： +81-(0)6-6375-3918 Phone FAX ： +81-(0)6-6375-8827 CONTACT ： T