Toda Corporation · TSE:1860
Toda — Q3 FY2011 Earnings Presentation
21 slides from Toda's earnings presentation, Feb 20, 2012
Slide 1: Results Briefing for the Third Quarter Ended December 31, 2011
February 20 20, 2012 Results Briefing for the Third Quarter Ended December 31, 2011, andd th the F Forecastt for f the th Fiscal Fi l Year Ending March 31, 2012
Slide 2: Summary of Financial Results and Forecast
1. Summary of Financial Results for the Third Quarter 2. Summary of Forecast for the Fi Fiscal l Year Y Ending E di March M h 31, 31 2012 Results Briefing for the Third Quarter Ended December 31, 2011, and the Forecast for the Fiscal Year Ending March 31, 2012 2
Slide 3: 1. Summary of Financial Results for the Third Quarter
1. Summary of Financial Results for th Thi the Third d Quarter Q t * Nine months from April 1, 2011 to December 31, 2011 Results Briefing for the Third Quarter Ended December 31, 2011, and the Forecast for the Fiscal Year Ending March 31, 2012 3
Slide 4: (Consolidated) Highlights: FY2011 3Q
(Consolidated) Highlights: FY2011 3Q Corrections to the consolidated financial results related to the i inappropriate i t accounting ti method th d adopted d t d att Si Sipco IIndustries d ti C Co., Ltd Ltd., our consolidated subsidiary, were previously made for the results of the year ended March 2
Slide 5: (Consolidated) Statements of Income
(Consolidated) Statements of Income Apr-Dec 10 ((Actual)) Apr-Dec 11 ((Actual)) Change g Billions of yen % % % Net sales 296.9 297.6 0.2 Gross profit 19.7 6.6 17.8 5.9 -9.6 Selling, general and 17 9 17.9 16 6 16.6 administrative expenses Operating income 1.8 0.6 1.1 0.3 -37.7 N Non-operating ti iinc
Slide 6: (Consolidated) Summary of Group Performance
(Consolidated) Summary of Group Performance Toda Subsidiaries Ratio of Apr-Dec 11 Consolidated consolidated p Corporation total results to Domestic:10 non- Billions of yen % Overseas: 6 % % consolidated results Net sales 276.8 38.4 297.6 1.07 Gross profit 16.1 5.8 2.2 5.8 17.8 5.9 1.10 Selling, S ll
Slide 7: (Consolidated) Change in Net Sales by Business
(Consolidated) Change in Net Sales by Business Construction Real Estate and Others (Billions of yen) (Billions of yen) 482.0 13.5 500.0 Subsidiaries 16.0 and affiliates 48.6 10.5 Subsidiaries and 12.0 9.5 affiliates 287.4 287.0 8.0 24.8 32.3 6.1 250.0 Toda 80 8.0 5.9 Corporation 456.0 Architectural
Slide 8: (Consolidated) Change in Gross Profit by Business
(Consolidated) Change in Gross Profit by Business Construction Real Estate and Others (Billions of yen) (Billions of yen) 30.0 4.0 2.4 3.0 2.0 1.1 1.1 2.0 (3.7) 19.8 Subsidiaries 1.0 1.6 1.8 and affiliates 20.0 17 6 17.6 Subsidiaries 15.3 and affiliates 0.0 1.5 0.8 1.8 1.0 -1.0 Toda Toda C Corportio
Slide 9: Main Orders Received and Works Completed
Main Orders Received and Works Completed Orders Received Ordering Parties Name of Works Architectural Mori Trust Co., Ltd. Kyobashi Trust Tower (New) construction M Megmilk ilk Snow S B Brand dCCo., Ltd Ltd. C Construction t ti off Milk P Products d t IIntegrated t t d Plant Pl t East Japan Railway
Slide 10: 2. Summary of Forecast for the Fiscal Year Ending March 31, 2012
2. Summary of Forecast for the Fi Fiscal l Year Y E di March Ending M h 31, 31 2012 Results Briefing for the Third Quarter Ended December 31, 2011, and the Forecast for the Fiscal Year Ending March 31, 2012 10
Slide 11: Major Reasons for Revisions to Financial Results
(Non-consolidated) Major Reasons for Revisions to Financial Results Decrease in profit from the construction business: ¥10.0 billion ： Added ¥3.5 billion to provision for loss on construction contracts due to a decrease in the cost recovery capacity caused by the decline of the profit g at the tim
Slide 12: (Non-consolidated) Statements of Income
(Non-consolidated) Statements of Income FY2010 Previous Revised Change (Actual) announcement forecast Billions of yen % % % Net sales 428.8 433.0 464.0 +31.0 Gross profit 28.0 6.5 30.2 7.0 12.8 2.8 -17.4 Selling, general and administrative expenses 22.5 5.2 22.0 5.0 21.0 4.5 Operating income (loss)
Slide 13: Reasons for Increase/Decrease in Net Income
(Non-consolidated) Reasons for Increase/Decrease in Net Income (Billions of yen) Previous forecast announced in November 2011 4.2 Decrease in gross profit on completed construction contracts ase 1 (28.0 → 18.0) -10 10.0 0 easonss for Inccrease/Decrea Reason: Posted provision for loss on construction
Slide 14: Forecasts for Construction Business
(Non-consolidated) Forecasts for Construction Business Gross Profit Margin on Orders received Net Sales of Completed Completed Construction for Construction Construction Contracts Contracts No change (+7.3%) 451.0 451.0 456 0 456.0 425.0 Civil 81.0 81.0 Civil 103.0 engineering engineering g g 85 0 8
Slide 15: Change in Provision for Loss on Construction Contracts
(Non-consolidated) Change in Provision for Loss on Construction Contracts (Billions of yen) Architectural construction Civil engineering g g 14.0 12.7 12.0 +3.5 3.5 2.2 10.0 9.2 8.0 1.9 6.4 6.0 1.2 10.5 .0 7.3 5.2 2.0 0.0 FY2009 FY2010 FY2011 (forecast) Results Briefing for the Third Quarter Ended D
Slide 16: (Consolidated) Change in Real Estate Holdings
(Consolidated) Change in Real Estate Holdings For business use (own use) For business use (rent) For sale (Billi (Billions off yen)) 120 0 120.0 112 2 112.2 -7.2 72 110.4 105.0 Valuation loss For sale -7.3 31.1 30.0 19 5 19.5 80.0 For business use ( t) (rent) 46.1 48.7 52.1 79.3 82.2 85.4 40 0 40.0
Slide 17: Reasons for the Increase/Decrease in Net Income
(Non-consolidated) Reasons for the Increase/Decrease in Net Income (Billions of yen) 10.0 1. Gross profit 2. Profit 4. Income 3. Extraordinary loss on completed from the taxes construction real 5.0 contracts estate business 4.2 0.0 (10.0) Decrease iin D selling, Loss on general and valuation Provisi
Slide 18: Change in Investment Securities
(Non-consolidated) Change in Investment Securities Acquisitioncost Unrealized gain Nikkei Stock Average (Billions of yen) Sh Share price i ((yen)) 200.0 12,000 GFC 11,089 Earthquake 9 755 9,755 Immediately after 8,455 150.0 the earthquake 9,000 8,109 8,228 117.8 108.4 100 0 100.0 90 2 90.2 36 0 36.0
Slide 19: Net Income and Dividends
(Non-consolidated) Net Income and Dividends (Billions of yen) 5.0 2.9 4.2 0.0 (5 0) (5.0) ((10.0)) (15.0) (18.1) (20.0) FY2010 Previous forecast Revised forecast Dividend per share ¥ 7.00 ¥ 7.00 ¥ 6.00 Results Briefing for the Third Quarter Ended December 31, 2011, and the Forecast for the Year Endi
Slide 20: Forward-looking statements notice
This report contains forward-looking statements regarding Toda Corporation and the Group’s corporate plans, strategies, and b i business fforecasts. These statements include Toda Corporation’s forecasts based on information currently available as of the announcement date, which are subject to potent
Slide 21: Toda Corporation
STODA TODA CORPORATION (SINCE 1881) 21