Takamiya Co., Ltd. · TSE:2445
Takamiya — Q1 FY2023 Earnings Presentation
37 slides from Takamiya's earnings presentation, Jun 2, 2022
Slide 1: Results Briefing Materials for the First Quarter Fiscal Year Ending March 31, 2023
Results Briefing Materials for the First Quarter Fiscal Year Ending March 31, 2023 Takamiya Co., Ltd. (2445:Tokyo) Notice: This document is an excerpt translation of the original Japanese Grand Front Osaka Tower-B Bldg. 27F, document and is only for reference purposes. 3-1, Ofuka-cho, Kita-ku, Osaka
Slide 2: Agenda
Agenda Topics Description of consolidated performance of the First Quarter Fiscal Year Ending March 31, 2023 Prospects for the future 2022/06/02 Page 2
Slide 3: Topics
Topics Jun. 17, 2022 ・Notice of Change of Directors Jun. 23, 2022 ・The 54th Ordinary General Meeting of Shareholders held ・Notice of Grant of Stock Options (Stock Acquisition Rights) to Directors ・Notice Regarding Partial Revision of “Internal Control Basic Policy” Jul. 14, 2022 ・Notice Regarding Fi
Slide 4: Company Overview of Takamiya Co., Ltd.
Company Overview of Takamiya Co., Ltd. Trade name Takamiya Co., Ltd. Registered Grand Front Osaka, Tower B, 27F, head office 3-1 Ofuka-cho, Kita-ku, Osaka, Japan Incorporation June 21, 1969 [Branches] 8 locations Business [Business offices] 12 locations Representative Representative director, Kazuma
Slide 5: Summary of consolidated performance: Business overview
1. Summary of consolidated performance (April 2022 to June 2022) 1.1 Business overview Sales Business New and repeat orders for the Iq System are growing steadily, but no Consolidated results contracts have been concluded. Although there were large-scale sales for the first quarter of the fiscal y
Slide 6: Summary of consolidated performance: Consolidated performance
1. Summary of consolidated performance (April 2022 to June 2022) 1.2 Consolidated performance 1Q FYE Mar. 31,2023 1Q FYE Mar. 31,2023 1Q FYE Mar. 31,2022 % Consolidated Results Forecast Results Results change （Unit：million yen） Gross profit was due to inc Sales ratio Sales ratio Sales ratio (YoY)
Slide 7: Factors of increase/decrease in net sales and operating income
1. Summary of consolidated performance (April 2022 to June 2022) 1.3 Factors of increase/decrease in net sales and operating income Net sales Operating income 225 million yen decreased (Down 2.4% YoY) 104 million yen increased (up 133.2% YoY) Sales increased in Rental and Overseas businesses. In
Slide 8: EBITDA (Operating income + Depreciation)
1. Summary of consolidated performance (April 2022 to June 2022) 1.4 EBITDA (Operating income + Depreciation) (Unit : million yen) EBITDA 154 million yen increased (up 12.1% YoY) The main factor is an increase in operating income. As for depreciation, rental asset depreciation remains flat, and
Slide 9: Performance by segment
1. Summary of consolidated performance (April 2022 to June 2022) 1.5 Performance by segment Segment Operating income Net sales (Segment operating profit margin) % change % change Unit : million yen 1Q FY2022 1Q FY2023 1Q FY2022 1Q FY2023 (YoY) (YoY) Sales 312 127 3,174 2,472 (22.1)% (59.1)% Business
Slide 10: Progress status against earnings forecast
1. Summary of consolidated performance (April 2022 to June 2022) 1.6 progress status Earnings forecast （million yen） Net Sales FY23 9,017 45,000 FY22 9,242 10,781 9,800 9,976 degree of progress 20.0％ Operating FY23 181 2,300 income FY22 77 681 227 695 degree of progress 7.9％ Ordinary FY23 436 2,150
Slide 11: Sales business: Factors of increase/decrease YoY
2. Sales business 2.1 Factors of increase/decrease YoY Net sales Operating income: 702 million yen decreased (Down 22.1% YoY) 185 million yen decreased (Down 59.1% YoY) Temporary equipment sales, building material-related business sales, and Second hand Profits decreased due to the effects of lo
Slide 12: Sales business: Net sales by product field
2. Sales business 2.2 Net sales by product field Customers' interest in the Iq System continues to be strong, and inquiries for new procurement, replacement, and additional purchase projects are trending steadily. In environment-related areas, the impact of large-scale properties in the previous fis
Slide 13: Sales of Iq System
2. Sales business 2.3 Sales of Iq System Sales of the Iq System decreased by 17.3% (Down 149 million yen) YoY. Although there are many projects, it takes time to conclude contracts. Sales performance of Iq System (Unit : million yen) Rapidly increase 4,294 due to a large order 3,504 3,270 3,244 2,51
Slide 14: Number of sales destinations for Iq Systems
2. Sales business 2.4 Number of sales destinations for Iq Systems The number of sales destinations for Iq Systems has steadily increased. As the number of customers increases, repeat demand is expected to increase. (Unit : company) Number of new Iq System sales companies / cumulative number of sales
Slide 15: Prevalence of Iq System
2. Sales business 2.5 Prevalence of Iq System The spread of next-generation scaffolding in the industry is firm (FY ended/ending March 31) (Unit：million ㎡) Prevalence of the Iq System (Our sales + Rental assets) 8.15 8.43 7.24 Cumulative number of square meters 6.48 spread by the Iq System 5.32 4.54
Slide 16: Iq System market share
2. Sales business 2.6 Iq System market share Next-generation scaffolding and Iq System penetration in the industry is going well Scaffolding market share Market share of next-generation scaffolding Iq System About 11％ Iq System Traditional Other next Other next About 37％ scaffolding generation scaff
Slide 17: Rental business: Factors of increase/decrease YoY
3. Rental business 3.1 Factors of increase/decrease YoY Net sales: Operating income: 321 million yen increased (Up 6.0% YoY) 334 million yen increased (Up 534.4% YoY) The occupancy rate (rental volume) of rental assets, including the Iq System, remained Profits increased due to an increase in sa
Slide 18: Trend of average utilization rates of rental assets
3. Rental business 3.2 Trend of average utilization rates of rental assets * Trend of utilization rates of rental assets looks like a mountain with its peak at the 3Q each year * Utilization rate = rented amount / overall holdings The Iq System remained at a high level, and the overall utilization r
Slide 19: Ratio of Sales by Area
3. Rental business 3.3 Ratio of Sales by Area The Kanto block is performing well, partly due to the impact of maintenance and repair work in the Tokyo metropolitan area. FY2021 1Q FY2023 FY2022 3.4% 3.2% 11.6% 3.7% 10.8% 12.0% Tohoku Kanto 28.3% 29.8% 31.3% Chubu 36.9% 41.5% Kansai 42.5% 20.0% Kyusy
Slide 20: Overseas business: Factors of increase/decrease YoY
4. Overseas business 4.1 Factors of increase/decrease YoY Net sales: Operating income: 624 million yen increased (Up 43.9% YoY) 58 million yen increased (Up 122.0% YoY) Rental and sales sales in South Korea increased. SG&A expenses increased, but Sales increased due to the effect of Vietnam's
Slide 21: Change in Consolidated Balance Sheet
5. Change in Consolidated Balance Sheet Total assets increased, Equity ratio declined 31.5% (end of the previous term: 31.8%) (FY ended/ending March 31) Investments and other assets Intangible assets Property, plant and equipment Current assets [Asset] (Unit : million yen) Net assets Non-current lia
Slide 22: Earnings Forecast for the Fiscal Year Ending March 31, 2023
6. Earnings Forecast for the Fiscal Year Ending March 31, 2023 In the sales business, we will prepare a system to increase production of the Iq System to meet the demand for next-generation scaffolding. In the rental business, we will steadily work to receive orders for construction and civil engine
Slide 23: Changes in number of shareholders and shareholder composition
7. Changes in number of shareholders and shareholder composition FYE Mar. 31, 2019 FYE Mar. 31, 2020 FYE Mar. 31, 2021 FYE Mar.31 , 2022 Shareholders at the end of the period 2,923 4,092 3,463 4,052 Shareholder composition Government and local public entities 0.00 % 0.00 % 0.00 % 0.00 % Financial in
Slide 24: Status of shareholder return
8. Status of shareholder return FYE Mar. 31, 2023 FYE Mar. 31, 2019 FYE Mar. 31, 2020 FYE Mar. 31, 2021 FYE Mar. 31, 2022 (Forecast) Dividend 11 yen 14 yen 14 yen 14 yen 14 yen 1Q － － － － － 2Q 4.0 yen 6.0 yen 6.0 yen 6.0 yen 6.0 yen 3Q － － － － － 4Q 7.0 yen 8.0 yen 8.0 yen 8.0 yen 8.0 yen Total amoun
Slide 25: Prospects for the future
Prospects for the future 2022/06/02 Page 25
Slide 26: Status of orders for construction work
Prospects for the future / Status of orders for construction work Orders from construction companies, our clients, are on the rise. Construction work orders received year-on-year 40.00% 30.00% 20.00% 10.00% 0.00% -10.00% -20.00% -30.00% Apr. 2017 Apr. 2018 Apr. 2019 Apr. 2020 Apr.2021 Apr.2022 2022/
Slide 27: Domestic construction investment is strong
Prospects for the future | Domestic construction investment is strong Source: Created from "Construction Investment Outlook" announced in April 2022 by the Ministry of Land, Infrastructure, Transport and Tourism (Unit : billion yen) Construction investment is on the rise, government investment is ex
Slide 28: Industry related projects
Prospects for the future | Industry related projects Large-scale projects in Japan tend to be delayed, and infrastructure maintenance and repairs such as transportation infrastructure are progressing in various places. Hokuriku- Shin-Meishin Expo in TOKAI-KANJO Integrated Resort in Osaka Osaka Monor
Slide 29: Assumptions at the beginning of the fiscal year and current situation
Prospects for the future ｜ Assumptions at the beginning of the fiscal year and current situation The occupancy rate of rental assets exceeded expectations, in line with initial forecasts Outlook for the current fiscal year as of May 2022 current situation Due to the rapid appreciation of the yen i
Slide 30: Strengthening IR and capital measures
Progress of specific initiatives in the plan to meet the criteria for maintaining the Prime market Strengthening IR and capital measures ①Strengthening IR 22.3 22.3 22.3 23.3 23.3 24.3 24.3 25.3 25.3 Implementation 2Q 3Q 4Q 1st half 2nd half 1st half 2nd half 1st half 2nd half status Enhancement of
Slide 31: Strengthening IR and capital measures
Progress of specific initiatives in the plan to meet the criteria for maintaining the Prime market Strengthening IR and capital measures ①Strengthening IR 22.3 2Q 22.3 3Q 22.3 4Q 23.3 1st half 23.3 2nd half 24.3 1st half 24.3 2nd half 25.3 1st half 25.3 2nd half Implementation status Improve corpora
Slide 32: Reference Information
Reference Information 2022/06/02 Page 32
Slide 33: ESG information
ESG information IR • Video streaming of Financial Results Briefing • Disclosure of English versions of Summary of Financial Results, Results Briefing Materials, and Timely Disclosure Release (partly) • Issuance and Web release of Integrated Report (Japanese/English) * 2021 version is available in Ja
Slide 34: ESG information
ESG information Human resource development Promoting "Human centered capitalism" style management and measures centered on Such information is publicized to human resources visitors on a large signage • Promoting in-house projects centered on mid-level/young employees • Incentive reward according to
Slide 35: Stock Price of TAKAMIYA (2445:Tokyo)
100,000 200,000 300,000 400,000 500,000 600,000 0 Jan-2009 May-2009 Sep-2009 Jan-2010 May-2010 Sep-2010 Jan-2011 Average daily trading volume May-2011 Sep-2011 Jan-2012 May-2012 Sep-2012 Jan-2013 May-2013 Sep-2013 Jan-2014 May-2014 Sep-2014 Stock Price of TAKAMIYA (2445:Tokyo) Jan-2015 May-2015 Sep-
Slide 36: Comparison of Share Price and Nikkei 225
Jun-2009 Oct-2009 Feb-2010 Jun-2010 Oct-2010 Feb-2011 Jun-2011 Nikkei 225 Oct-2011 Feb-2012 Jun-2012 Oct-2012 Feb-2013 Jun-2013 Oct-2013 Takamiya Feb-2014 Jun-2014 Oct-2014 Feb-2015 Jun-2015 Oct-2015 Feb-2016 Jun-2016 Oct-2016 Feb-2017 Jun-2017 Oct-2017 Feb-2018 Jun-2018 Oct-2018 Feb-2019 Jun-2019 O
Slide 37: IR contact
IR contact HP Company name ： Takamiya Co., Ltd. Grand Front Osaka, Tower B, 27F, Address ： 3-1 Oofuka-cho, Kita-ku, Osaka, 530-0011, Japan For Investor HP ： https://www.takamiya.co/en/ For Investor ： https://www.takamiya.co/en/ir/ CONTACT ： PR / IR Department Email ： ir@takamiya.co This material is