Take And Give. Needs Co., Ltd. · TSE:4331
Take And Give. Needs — FY2010 Earnings Presentation
32 slides from Take And Give. Needs's earnings presentation, May 13, 2011
Slide 1: Briefing Materials for FY Ended March 31, 2011
Q (2 (ee eemomomes by & NEEDS TAKE AND GIVE. NEEDS Co., LTD. Briefing Materials for FY Ended March 31, 2011
Slide 2: Disclaimer
This material is intended to provide information about the business performance and strategy of Take and Give. Needs Co., Ltd. (T&G). It is not intended to be and should not be construed as an inducement to purchase or sell stock in T&G. Statements in this presentation and at any explanatory meeting
Slide 3: Agenda
|. Results for FY Ended March 2011 1. Summary of Results 2-1. Consolidated Financial Results 2-2. Consolidated Balance Sheet 2-3. Consolidated Cash Flow Statement 3. Dividends ll. Consolidated Revenue Plans and Business Strategies for FY Ending March 2012 1. Trends of Consolidated Results 2. Consoli
Slide 4: Results of FY Ended March 2011
Results of FY Ended March 2011
Slide 5: Summary of results for fiscal year ended March 2011
I will begin by presenting a summary of results for the fiscal year ended March 2011. In the fiscal year under review, we sought to establish the foundations for stability and growth in the medium to long term, putting priority on enhancing our people, our products, and our services. As a result,
Slide 6: Summary of consolidated financial results
This slide shows a summary of the consolidated financial results. Net sales rose steadily, reflecting detailed sales strategies tailored to regional characteristics and an improved ability to make proposals to customers. Despite the postponement of certain follow-up receptions in the wake of the G
Slide 7: Effect of the Great East Japan Earthquake
Let me describe the effect of the Great East Japan Earthquake in detail. Our Group has venues in Japan and at overseas resorts. Of those, we have five directly operated venues (two in Miyagi, one in Fukushima, Ibaraki, and Tochigi) in the Tohoku and North Kanto areas, which were affected by the ea
Slide 8: Breakdown of sales in domestic wedding business
This slide shows a breakdown of sales in the domestic wedding business. The number of weddings handled at directly operated venues declined year on year, reflecting the postponement of follow-up receptions because of the earthquake. However, net sales rose ¥493 million year on year, to ¥38,915 mil
Slide 9: Average wedding cost at directly operated venues
This slide describes the average wedding cost at directly operated venues in the domestic wedding business. Amid excessive price competition, we have pursued follow-up receptions that express the unique sentiments of each couple, instead of uniform packages. We have improved our capacity to make
Slide 10: Gross profit and operating income breakdown
This slide shows a breakdown of gross profit and operating income. Despite the effect of the earthquake, gross profit rose ¥299 million from the previous fiscal year. SG&A increased ¥536 million year on year, to ¥22,672 million as a result of investments in human resources and the appeal of our p
Slide 11: Ordinary income and net income
This slide explains the items relating to ordinary income and net income. Ordinary income stood at ¥1,541 million. A loss on disaster of ¥566 million, an impairment loss of ¥536 million, and asset retirement obligations of ¥647 million were posted as extraordinary losses. As a result, net income
Slide 12: Consolidated Balance Sheets: assets
This slide explains the assets section of the Consolidated Balance Sheets. Total assets were valued at ¥44,634 million, ¥1,177 million higher than the end of the last financial year. As I described earlier, net sales at existing directly operated venues rose about ¥0.5 billion from a year ago in
Slide 13: Consolidated Balance Sheets: liabilities and net assets
This slide shows the liabilities and net assets section of the Consolidated Balance Sheets. As we have already announced, short- term borrowings declined, and long- term borrowings rose as a result of refinancing in August 2010. This has evened out our loan repayments and further stabilized our fi
Slide 14: Consolidated cash flow statement
This slide explains our consolidated cash flow statement. In accordance with our policy direction for this period, we are following our plan of making large-scale renovations and opening new venues as a way of strengthening our product/service capacity, to stabilize our business base and ensure me
Slide 15: Year-end dividend for FY ended March 2011
Let me describe the year-end dividend for the fiscal year ended March 2011. Our policy is to provide stable and appropriate returns of profits to shareholders while investing in the continued growth of the Company. Unfortunately, we have not paid any year-end dividends since the fiscal year ended
Slide 16: Consolidated Revenue Plans and Business Strategies for FY Ending March 2012
Consolidated Revenue Plans and Business Strategies for FY Ending March 2012
Slide 17: Position of the fiscal year ending March 2012
I will now explain business strategies for the fiscal year ending March 2012. First, let me describe the position of the fiscal year ending March 2012. Since its foundation in 1998, T&G has proposed a new style of wedding, which we call a house wedding. The Company has grown rapidly by expanding
Slide 18: Full-year consolidated revenue plans
This slide shows full-year consolidated revenue plans for the fiscal year ending March 2012. Net sales will stand at ¥48,500 million (up ¥1,784 million year on year). Operating income will be ¥2,350 million (rising ¥68 million). Ordinary income will be ¥1,650 million (increasing ¥109 million). Net
Slide 19: First half and second half plans
Let me describe our plans for the first half and second half. Considering the effect of the earthquake, we target net sales of ¥22,000 million for the first half. In operating income, we expect the earthquake to have a ¥200 million effect, and also take into account prior investments of ¥300 milli
Slide 20: Factors for changes in net sales and operating income
I will be explaining factors for changes in net sales and operating income in the full- year revenue plans, comparing the plans with the results for the fiscal year ended March 2011. We expect the adverse effects of the earthquake on net sales to be ¥630 million, a conservative estimate. The effec
Slide 21: Key indices in domestic wedding business
This slide shows plans for key indices in the domestic wedding business. Although the average wedding cost at directly operated venues has risen for the past few years, we conservatively expect that the average cost will increase just slightly to ¥3,919,000, considering the effect of the earthquak
Slide 22: Three major initiatives for FY ending March 2012
Let me describe three major initiatives for the fiscal year ending March 2012. First, we will improve our venues, differentiating ourselves from the competition through the realization of “One Heart Wedding,” which captures the intrinsic value of weddings. Second, to consolidate the foundations f
Slide 23: Strengthening operating foundations: One Heart Wedding
First, I will be describing our plans to strengthen our operating foundations. We have provided original weddings, expressing the life and thoughts of each of the bride and groom through a system that is unique to the industry. The system is unique because of two features. First, the couple can re
Slide 24: Consolidating foundations for growth
Next, I will be explaining how we plan to consolidate the foundations for growth. To achieve medium- to long-term growth, we will select areas having great potential and will enter areas other than the house wedding business through contracts and alliances. As we have announced, we have already s
Slide 25: Hotel wedding business example
Let me describe an example of the hotel wedding business. As we have announced, we have started a wedding business for Hotel Buena Vista, an established hotel in Matsumoto, Nagano. With its hospitality, Hotel Buena Vista has a very strong brand name in the area. The Company is providing expertise
Slide 26: Strategic dominance in Sapporo
Let me describe our efforts to achieve strategic dominance in Sapporo as an example of producing weddings. As we announced earlier, we opened a lounge in Sapporo in January 2011 that introduces wedding halls and has a function to produce weddings. We also formed alliances with an independent chape
Slide 27: Development of overseas operations
I will move on now to explain the development of overseas operations. To boldly promote operations in Asia, a growing market, we have established overseas subsidiaries in Hong Kong and Shanghai. We aim to enter the Asian market and to create a new bridal market from these bases, focusing on produc
Slide 28: Wedding produced on Hainan Island, China
As an example of the production of weddings, let me introduce a wedding that we produced for a celebrity couple in Asia held at two hotels, which were rented in their entirety for the wedding, on Hainan Island, China, in March 2011. At the request of the couple, we produced the wedding in a compre
Slide 29: Dividend forecast for FY ending March 2012
Finally, let me describe our dividend forecast for the fiscal year ending March 2012. In accordance with our basic policy of paying appropriate and stable dividends, we plan to pay an annual dividend of ¥100 for the fiscal year ending March 2012, the same as the dividend for the fiscal year ended
Slide 30: Condolences for the Great East Japan Earthquake
We express our deepest condolences to the families of those who died as a result of the Great East Japan Earthquake that occurred on March 11, 2011. We also express our heartfelt sympathy to all who suffered as a result of the earthquake. We hope for the earliest possible recovery of affected areas.
Slide 31: Activities to assist earthquake victims
Let me describe our activities to assist victims of the Great East Japan Earthquake. We hope to help as much as we can the affected areas recover by offering dreams and hopes for the future through weddings. We handle weddings for about 10,000 couples a year. About a hundred people are involved p
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