Cleanup Corporation · TSE:7955
Cleanup — H1 FY2015 Earnings Presentation
32 slides from Cleanup's earnings presentation, Nov 11, 2015
Slide 1: Announcement of FY 2015 Interim Results
パワーポイントテンプレート Presentation Material: Announcement of FY 2015 Interim Results November 11, 2015 ２０１２年１１月２０日 0
Slide 2: I. Interim Results Outline
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Slide 3: Outline of Consolidated Results for Interim Period Ended September 2015
1. Outline of Consolidated Results for Interim Period Ended September 2015 (Units: millions of yen) 2015/9 2014/9 Change From 2015/9 ToComparedRevised Plan (Actual Results) (Actual Results) Prev. Period (Previous Forecast) Net Sales 56,393 60,377 △6.6％ 58,000 △2.8％ Operating 398 2,517 △84.2％ 890 △55
Slide 4: Consolidated Profits: Net Sales, Gross Profit
2. Consolidated Profits ① Net Sales, Gross Profit (Units: billions of yen) 【Increased/Decreased Values (Rates)】 【Main Increase/Decrease Factors】 60.37 56.39 Net Sales ● System Kitchens △3,660 million yen △3.98 billion yen ● System Bathrooms △ 230 million yen ● Washstands/Vanities △ 250 million yen ●
Slide 5: Consolidated Profits: SGA Expenses, Operating Income
2. Consolidated Profits ② SGA Expenses, Operating Income (Units: billions of yen) 【Increased/Decreased Values (Rates)】 20.74 18.41 Gross Profit 【 Main Increase/Decrease Factors 】 △2.32 billion yen ●Sales Expenses ＋ 180 million yen ●Distribution Expenses △ 350 million yen SGA Expenses ●Personnel Expe
Slide 6: Sales Composition by Segment (Consolidated)
3. Sales Composition ① By Segment (Consolidated) Kitchen Equipment Bathtubs & Washstands Other 【2015/9】 (Units: millions of yen) 140,000 Other 5.2％ 116,239 114,000 Bathtubs & Washstands 17.3％ 120,000 6,091 5.2％ 77.5％ 6,135 5.4％ Kitchen Equipment 18,953 18,925 16.6％ 100,000 16.3％ 80,000 60,377 56,393
Slide 7: Sales Composition by Sales Route (Non-Consolidated)
3. Sales Composition ② By Sales Route (Non-Consolidated) 【Full-Term Base】 Direct-S ales (Con domin iu m own ers) Hou sin g Con stru ctors G en eral R ou tes (Con stru ction Con tractors - Home R en ovation ) 3.8％ 4.8% 5.3% 15.6％ 16.1％ 16.0% 【First-Half Base】 2.6％ 80.6％ 78.7% 2.5％ 5.1％ 79.1% 15.7％ 15
Slide 8: Consolidated Balance Sheet Summary – 1/2
4. Consolidated Balance Sheet Summary – 1/2 (Units: billions of yen) 【Increased/Decreased Values】 【 Main Increase/Decrease Factors 】 100 【Assets】 87.10 Total Assets ●Current Assets △ 130 million yen 86.06 86.37 ●Fixed Assets ＋ 440 million yen ＋0.31 billion yen 75 Cash and Deposits ●Cash and Deposits
Slide 9: Consolidated Balance Sheet Summary – 2/2
4. Consolidated Balance Sheet Summary – 2/2 (Units: billions of yen) 【Primary Reasons for Increase/Decrease】 【Liabilities･Minority Interests・Assets】 【 Increased/Decreased Values 】 ●Short-term Borrowing ＋1,170 million yen 87.10 86.06 86.37 ●Accounts Payable-Trade △ 150 million yen Current Liabilities
Slide 10: Consolidated Cash Flow Statement Summary
5. Consolidated Cash Flow Statement Summary Cash Flow from Operating Activities Cash Flow from Investing Activities (Units: billions of yen) Cash Flow from Financing Activities Interim (Year-End) Cash & Cash Equivalents Balance 30. 00 25. 00 24.68 23.58 ＋7.9 24.37 （2015/3） Compared to Year-End Balan
Slide 11: Capital Investments (Consolidated)
6. Capital Investments (Consolidated) (Units: billions of yen) R&D Costs Capital Investment Deprecation Costs 【FY2015 Major Capital Investment Details】 8.0 First-Half Results ① Production Equipment 1,040 million yen 5.80 6.0 ② Showroom Renovation 860 million yen ③ Information Investment 530 million
Slide 12: Outline of Non-Consolidated Results for Interim Period Ended September 2015
7. Outline of Non-Consolidated Results for Interim Period Ended September 2015 (Units: millions of yen) 2015/9 2014/9 Change From (Actual Results) (Actual Results) Prev. Period Net Sales 53,476 57,435 △6.9％ Operating 282 2,416 △88.3％ Income Ordinary 403 2,519 △84.0％ Income Interim 212 1,151 △81.6％ N
Slide 13: Non-Consolidated Sales Composition By Segment
8. Non-Consolidated Sales Composition By Segment Kitchen Equipment Bathrooms Washstands Industrial Kitchen Equipment (Units: millions of yen) 【2015/9】 120,000 Industrial Kitchen Other 110,377 108,000 Equipment 0.5％ 5,079 4.6％ 4.7％ 5.0％ 905 0.8％ 5,103 631 0.6％ Washstands 4.3％ 4,757 4.3％ 4,710 100,000
Slide 14: Sales Results For Major Products and Cleanup Market Share - 1/3
9. Sales Results For Major Products and Cleanup Market Share - 1/3 Complete System Kitchen Sales Results Demand Trends and Market Share (Units: billions of yen) Monetary Value (Thousands of Sets) (Thousands of Sets) Demand Volume （％） 100 Volume 400 1,400 Cleanup Share 30.0 89.2 1,227 1,200 82.5 80.4
Slide 15: Sales Results For Major Products and Cleanup Market Share - 2/3
9. Sales Results For Major Products and Cleanup Market Share - 2/3 Modular System Bathroom Sales Results Demand Trends and Market Share (Units: billions of yen) Monetary Value (Thousands of Sets) (Thousands of Sets) Demand Volume （％） 20 Volume 50 1,000 Cleanup Share 10.0 17.7 839 15.8 43 40 800 745
Slide 16: Sales Results For Major Products and Cleanup Market Share - 3/3
9. Sales Results For Major Products and Cleanup Market Share - 3/3 Washstands/Vanities Demand Trends and Market Share (Units: billions of yen) Monetary Value (Thousands of Sets) (Thousands of Sets) Demand Volume （％） 6 150 2,000 Cleanup Share 10.0 Volume 5.4 1,828 1,768 5.1 1,655 5 4.8 4.7 1,609 4.7
Slide 17: Forecasted Consolidated Results For The Period Ending March 2016
10. Forecasted Consolidated Results For The Period Ending March 2016 (Units: millions of yen) 2015/3 2016/3 Change From (Actual Results) (Forecast) Prev. Period Net Sales 116,239 114,000 △1.9％ Operating Income 3,028 1,500 △50.5％ Operating Margin 2.6％ 1.3％ - Ordinary Income 2,703 1,260 △53.4％ Ordinar
Slide 18: II. Future Strategy
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Slide 19: Management Environment
1. Management Environment (Units) （％） Increase of consumption tax rate （5％→8％） Negative growth for 12 consecutive months 2013 2014 2015 ＊Ministry of Land, Infrastructure, Transport and Tourism Monthly Economic Construction Statistics, Building Starts 18
Slide 20: Summary of New Medium-Term Management Plan 15 (1)
2. Summary of New “Medium-Term Management Plan 15” (1) The new medium-term management started from this fiscal term, with the outcome of the previous medium-term management plan and changes to the business environment taken into account Previous medium-term management plan New Medium-Term Management
Slide 21: Summary of New Medium-Term Management Plan 15 (2)
2. Summary of New “Medium-Term Management Plan 15” (2) ○ Fundamental concept and Key policies “Second Chapter” of Second Business Inauguration “Accelerate fundamental reforms for further growth” Fundamental reforms Growth strategies ① Profit structure improvements ● Timely supply of products that co
Slide 22: Strategy Implementation Status: Product Related Issues (1)
3. Strategy Implementation Status: “Product Related Issues” (1) Craftsmanship Leveraging the Strengths of a Specialist Manufacturer 【Renewal Schedule】 ● 「CLEANLADY」 （May 2015 -） High-Value-Added Products Our standard brand as “The Kitchen Company” A model allowing consumers to Luxury System Kitchen
Slide 23: Strategy Implementation Status: Product Related Issues (2) NEW CLEANLADY
3. Strategy Implementation Status: “Product Related Issues” (2) “NEW CLEANLADY” Implement a full model change for Cleanlady products and launch the new line in May. The "mother of Ultraman" was hired for television commercials, based on the concept "women who perform activities in the limited time a
Slide 24: Cleanup Kitchen Town Tokyo
3. Strategy Implementation Status: “Sales Related Issues” (1) “Cleanup Kitchen Town Tokyo” Launched October 3 The flagship showroom of the Tokyo metropolitan area has been extended and completely renovated. Flagship showroom Flagship showroom for western Japan for eastern Japan Main Concept Wonderfu
Slide 25: Strategy Implementation Status: Sales Related Issues (2)
3. Strategy Implementation Status: “Sales Related Issues” (2) Enhanced appeal is promoted through the continuation of the proactive refurbishment of showrooms across the nation Positioning of roles ● Linchpin for point of contact with customer played by showrooms ● Most essential site for incorporat
Slide 26: Strategy Implementation Status: Sales Related Issues (3)
3. Strategy Implementation Status: “Sales Related Issues” (3) The strategy implementation is enhanced with a thorough mechanism to draw in demand for renovations Transition in the number of full members registered with "Water Section Workshops“ (organize building contractors and renovators in the re
Slide 27: Brand Related Issues (1): Food Education Activities
3. Strategy Implementation Status: “Brand Related Issues” (1) “Food Education Activities” provided by Cleanup Awarded the “Food Safety and Consumer Affairs Bureau Director’s Award” at the “Third Superior Shokuiku Activities Awards for Food and Agricultural, Forestry and Fisheries Industries”. Reason
Slide 28: Brand Related Issues (2): Food Education Activities
3. Strategy Implementation Status: “Brand Related Issues” (2) “Food Education Activities” of Cleanup: Principal activities in the first half of the current fiscal term Wakuwaku Kitchen! (Exciting Kitchen) Obento Contest Food Transformation Class Iwaki City, Fukushima Prefecture (Sep. 27) Minamiaoyam
Slide 29: Strategy Implementation Status: Overseas Business Capabilities
3. Strategy Implementation Status: “Overseas Business Capabilities” ●China The market is entered jointly with a house manufacturer. The supply of Shenyang Kitchen products were supplied to four districts, Shenyang, Suzhou, Wuxi Iwaki Beijing and Taicang. ●Taiwan and Vietnam Tokyo Primarily medium
Slide 30: Medium-term Strategy: Pursuit of New Management Philosophy
4. Medium-term Strategy Pursuit of “New Management Philosophy” ◎Our foundation, which is suitable for our “Second Creation”, will be established as we commemorate the 65th anniversary of our founding this year and take on new challenges, heading towards our 70th anniversary. The aim is to become a b
Slide 31: Cleanup Corporation
For any questions concerning investor relations, please contact: Cleanup Corporation Corporate Planning Department, Public Relations Section Tel 03-3810-8241 Fax 03-3800-2261 URL http://cleanup.jp/ 30
Slide 32: Disclaimer
Disclaimer This material is intended to provide information regarding FY2015 Interim Results (April 2015～September 2015) and does not constitute a solicitation to invest in Cleanup Corporation-issued securities. Furthermore, this material was created based upon data current as of November 11, 2015.