Daito Trust Construction Co., Ltd. · TSE:1878
Daito Trust Construction — FY2008 Earnings Presentation
30 slides from Daito Trust Construction's earnings presentation, May 2009
Slide 1: Financial Highlights, Year ended March 31, 2009
Financial Highlights, Year ended March 31, 2009 Contents Ⅰ．Financial Results year ended March 31, 2009 ・・・・・・・・・・・・・・・・・・・・・・・3 Ⅱ．P/L planning for year ended March 31, 2010 ・・・・・・・・・・・・・・・・・・・・・・・11 Ⅲ．Orders received planning for year ended March 31, 2010 ・・・・・・・・・・・15 Ⅳ．Tenant recruitment planning
Slide 2: Financial Results Highlight
Ⅰ. Financial Results, Year ended March 31, 2009 FY2008 results Financial results highlight Highlight Increased Increasedboth bothin insales salesand andincome income (operating/ordinary (operating/ordinaryincome) income) ※Ordinary ※Ordinaryincome incomeis isthe thehighest highestin inthe thepast p
Slide 3: Income summary FY2008 results
FY2008 results Income summary Consolidated PL Net sales Operating income (billion of yen) (billion of yen) 1,200 ¥954.8bln 100 （+49.0% y/y） ¥70.3bln 1,000 80 72.6 66.2 （+6.2% y/y） 800 641.0 60 600 564.3 40 400 200 20 0 0 07/3 08/3 09/3 07/3 08/3 09/3 Ordinary income Net income (billion of yen) (bill
Slide 4: Key index: Orders received
Key index Orders received（non-consolidated） Orders received （ billion of yen ） FY2007 FY2008 （ year on year ） Orders received 498.6 437.2 （-12.3%） Orders received Average contract value （billion of yen） (million of yen) 600 498.6 500 ¥437.2bln 414.3 400 150 300 200 84.17 83.19 \78.27mil 100 0 50 07/
Slide 5: Key index: Tenant recruitment and occupancy rate
Key index Tenant recruitment Tenant recruitment① ◇ Number of tenants recruitment ：171,846（+7.8% year on year） 200,000 171,846 159,435 146,610 150,000 100,000 50,000 0 07/3 08/3 09/3 9 Key index Rent basis Occupancy rate （comparison with the end of March） Tenant Recruitment② ◇Residential property (Ma
Slide 6: P/L planning for year ended March 31, 2010
Ⅱ. P/L planning for year ended March 31, 2010 FY2009 plan Income summary Consolidated PL Net sales Operating income (billion of yen) (billion of yen) 1,200 ¥987.1bln 100 ¥70.7bln 1,000 954.8 （+3.4% y/y） 80 66.2 70.3 （+0.4% y/y） 800 641.0 60 600 40 400 200 20 0 0 08/3 09/3 10/3（est） 08/3 09/3 10/3（es
Slide 7: Income summary by segment (construction) plan
FY2009 plan Income summary by segment（construction） Construction ◇Construction of completion ¥461.0billion（-1.8% year on year） ◇Gross profit ¥154.0billion（+2.5% year on year） ◇Gross profit margin 33.4%（+1.4point year on year） Net sales Gross profit (billion of yen) (billion of yen) 500 469.6 \461.0b
Slide 8: Orders received planning: present status
Ⅲ. Orders received planning for year ended March 31, 2010 Orders received plan Orders received present status Present status Semiannual transition of orders received （billion of yen） 300 264.5 246.4 ▼average is ¥248.3billion 234.0 200 08/10～09/3 orders received ¥190.9billion Compared with average （-
Slide 9: Analysis of factors in orders decline
Orders received plan Analysis of factors Present status ①Declined ①Declinedcontract contractprice price 09/3 second half: contract price ¥75.68million Difference from past 3 years ave. ¥82.32million:-¥6.64million -¥6.64million × -¥6.64million 3,150 ≒ × 3,150 ≒ ¥20.9billion ¥20.9billion ②Increased ②I
Slide 10: Deteriorative factors and countermeasures for loans
Orders received plan Deteriorative factors Present status ③Decreased number of orders received Landowners know nothing about use of lands 〓 Decreased number of orders and Daito's business received from new landowners Anxiety about use of land at the financial shrinkage and the depression Transition
Slide 11: Development of new demand and sales efficiency
Orders received plan Development of new demand and strengthen bond to landowners countermeasure ② ③ ¾Strengthen Owners club（membership:54,000） Launching asset services which support use of land, possession and succession ¾Activated advisory club（membership:1,077） Accompanying with membership in supp
Slide 12: Orders received plan
Orders received plan Orders received （non-consolidated）plan Orders received ◇Orders received plan ¥485.0billion（+10.9% year on year） （billion of yen） 600 498.5 ¥485.0bln 500 437.4 400 300 200 100 0 08/3 09/3 10/3（est） 23
Slide 13: Tenant recruitment: status of occupancy rate
Ⅳ. Tenant recruitment planning for year ended March 31, 2010 Tenant recruitment Status of occupancy rate Status Transition of residential ratio based on rent fee Occupancy rate -0.8point deterioration 96.6% (Compared with the same period the past) 96.4% 95.6% Equal to the increase of vacant rooms of
Slide 14: Tenant recruitment: deteriorative factors and countermeasures
Tenant recruitment Deteriorative factors Status Transition of the number ／the ratio of corporate customer contract (08/10 – 09/03) The number The ratio 30,000 ▼The average ratio of corporate customer contract: 20% 21.3% Compared with the average of the 20.4% 20,000 same period in the past 2 years 17
Slide 15: Number of tenants recruited and occupancy rate plan
Tenant recruitment Number of tenant recruited and occupancy rate plan Plan ◇Number of tenants recruited 200,000 （+16.4% year on year） ◇Occupancy rate Residential 96.3% （+0.7point year on year） Commercial 94.8% （+0.7point year on year） Number of tenant recruited Occupancy rate 【Residential】 【Commerci
Slide 16: Shareholders return policy for year ended March 31, 2010
Ⅴ. Shareholders return policy for year ended March 31, 2010 FY2009 plan Revised shareholder return policy Shareholder return policy Dividend per share ／payout ratio Target of payout ratio （consolidated） Dividend Payout ratio Over 30% of net income of consolidated two※1 （yen） （％） 60% 250 Special Over
Slide 17: Appendix: Financial Results; Non-consolidated income statements
Ⅵ-1. Appendix － Financial Results year ended March 31, 2009 － Ⅵ-1-1 Non-consolidated statements of income （million of yen） FY2008 FY2007 year on year Net sales 514,372 511,543 +0.6% Construction 469,623 439,964 +6.7% Real estate & other 44,749 71,579 -37.5% Gross profit 156,475 148,647 +5.3% Sales a
Slide 18: Financial summaries of major subsidiaries (construction, real estate)
Ⅵ-1-2 Financial summaries of major subsidiaries ①（Construction） （million of yen） Construction business Daito Construction Daito Steel FY2008 FY2007 year on year FY2008 FY2007 year on year Net sales 3,891 13,228 -70.6% 3,532 2,281 +54.8% Gross profit 11 294 -96.3% 220 178 +23.6% SG&A expenses 184 76
Slide 19: Subsidiaries (others); income by segment (real estate)
Ⅵ-1-4 Financial summaries of major subsidiaries ③（Others） （million of yen） Other business Daito Asia Development Care Partner Gaspal (Malaysia) year on year on year on FY2008 FY2007 year FY2008 FY2007 year FY2008 FY2007 year Net sales 4,519 3,253 +38.9% 14,233 10,692 +33.1% 2,356 2,430 -3.0% Gross p
Slide 20: Sales structure of real estate business; segment (others)
Ⅵ-1-6 Sales Structural of Real estate business （million of yen） FY2006 FY2007 FY2008 Amount （Ratio） Amount （Ratio） Result （Ratio） year on year Brokerage 10,855 (11.6%) 11,325 (6.6%) 11,620 (2.5%) +2.6% Management service 37,433 (39.9%) 28,570 (16.7%) 450 (0.1%) -98.4% Sub-lease※1 33,377 (35.5%) 27,9
Slide 21: SG&A expenses and financial condition
Ⅵ-1-8 Selling, general and administrative expenses （billion of yen） FY2007 FY2008 （year on year） SG&A expenses 120.8 111.5 （-7.7%） SG&A ratio 18.8% 11.7% ［-7.1point］ [ ]： Difference from previous year （billion of yen） 150 80% 120.8 108.4 \111.5bln 60% 100 （106.8） （93.5） Plan 40% ¥121.2bln 50 19.2% 1
Slide 22: Cash flows; number of employees
Ⅵ-1-10 Cash flows Net income before taxes, Cash flow provided by payment for income taxes Operating activities 30.2 Acquisition of investment securities Cash flow used in Investing activities -13.4 Acquisition of treasury stocks, Cash flow used in Payment for dividend Financing activities -39.6 Cash
Slide 23: Market share and number of construction starts
Ⅵ-1-12 Market share and Number of construction started Number of construction started units 498,280 500,000 20% 399,918 417,255 400,000 15% 10.5% 11.2% 300,000 8.5% 10% 200,000 5% 100,000 0 0% 07/2 08/2 09/2 Number of construction started units（Apr.-Feb.） Daito's share(Apr.-Feb.) (Ministry of Land,
Slide 24: Orders by regional blocks; repeat orders
Ⅵ-1-14 Orders received by regional blocks (non-consolidated) orders received (billion of yen） 140 50% 135.4 120 25% Company 0% Ave. 100 (+5.4%) (-7.2%) -1.7% (-6.1%) -12.3% (-19.0%) (-18.1%) -25% （-3.5%） 80 (-26.1%) (-30.3%) (-35.6%) -50% (102.8) 73.1 60 -75% 51.9 54.3 40 42.1 -100% 20 29.4 -125% 22
Slide 25: Rent basis occupancy rate; units under management
Ⅵ-1-16 Rent basis occupancy rate Rent basis Occupancy rate 98% 97% 96% 95% 94% 93% 92% 91% Residential property Commercial property 90% 04/3 04/9 05/3 05/9 06/3 06/9 07/3 07/9 08/3 08/9 09/3 Rent basis Occupancy rate 05/3 06/3 07/3 08/3 09/3 year on year Residential property(%) 97.0% 97.0% 96.7% 96.
Slide 26: Diversifying fund-raising channel
Ⅵ-1-18 Diversifying fund-raising channel Trend of financial institution share （construction starts basis） 40% Other; Securization (3.7%) 30% Agricultural ; (0.4%) Cooperative; Regional (10.0%) Banks; 20% Shinkin (33.2%) Banks; (11.6%) 10% 0% City Banks; Japan (19.4%) housing 06/3 07/3 08/3 09/3 Fina
Slide 27: Income summary by segment (real estate, other) plan
Ⅵ-2-1 Income summary by segment （Real estate） ◇Net sales ¥502.2billion（+8.1% year on year） ◇Gross profit ¥27.6billion（+8.9% year on year） ◇Gross profit margin 5.5%（±0.0point year on year） Net sales Gross profit (billion of yen) (billion of yen) 600 50 \502.2bln 464.7 40 400 28.0 ¥27.6bln 30 25.3 20
Slide 28: SG&A expenses; Gaspal subsidiary forecast
Ⅵ-2-3 Selling, general and administrative expenses ◇SG&A expenses ¥118.5billion（+6.3% year on year） ◇SG&A ratio 12.0%（+0.3point year on year） (billion of yen) 140 100% 120.8 ¥118.5bln 120 111.5 100 80 50% 60 40 18.8% 11.7% 12.0% 20 0 0% 08/3 09/3 10/3（est） SG&A expenses SG&A ratio 55 Ⅵ-2-4 Major sub
Slide 29: Subsidiary forecasts: Care Partner and Malaysia
Ⅵ-2-5 Major subsidiary’s situation and forecast of FY2009 ②（Care partner） The Centers expand 58 58centers centersare areoperating operatingcountry countrywide wide FY2009：4 FY2009：4centers centersare arescheduled scheduled 62 62centers centersin intotal！ total！ Income summary forecast （million of ye
Slide 30: Disclaimer and copyright notice
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