Duskin Co., Ltd. · TSE:4665
Duskin — H1 FY2012 Earnings Presentation
44 slides from Duskin's earnings presentation, Nov 18, 2011
Slide 1: Financial Report for the First Six-month Period of FY Ending March 31, 2012
Financial Report For the First Six-month Period of the Fiscal Year Ending March 31, 2012 Duskin Co., Ltd. November 18, 2011
Slide 2: Cautionary Statement Concerning Forward-Looking Statements
Cautionary Statement Concerning Forward-Looking Statements ■These materials contain forward-looking statements concerning forecasts, goals, plans and strategies, and other matters related to the Company, including its consolidated subsidiaries. ■These forward-looking statements are based on projecti
Slide 3: Table of Contents
Table of Contents Financial Summary Financial Summary ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 2 Sales Summary ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 3 Operating Income Summary ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 5 Ordinary Income Summary ・・・
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Slide 5: Financial Summary
Financial Summary Six-month Period Ended Sept. 30, 2011 １
Slide 6: Financial Summary: Consolidated Results
Financial Summary Financial Summary (in millions of yen) Consolidated Results Reference Six months Six months Change FY2010 ended Sept. 30, 2010 ended Sept. 30, 2011 Amount (%) ended Mar.31, 2011 Sales 87,800 85,399 - 2,400 - 2.7 177,320 Operating Income 5,155 4,238 - 917 - 17.8 10,937 Operating Inc
Slide 7: Sales Summary (1): Consolidated Sales
Financial Summary Sales Summary (1) ■Consolidated Sales (in millions of yen) 250,000 Consolidated Sales 2nd half Consolidated Sales 1st half 200,000 192,344 188,552 181,280 177,320 172,200 (forecast) 150,000 97,379 94,690 91,052 89,520 86,800 (forecast) 100,000 50,000 94,965 93,862 90,228 87,800 85,
Slide 8: Sales Summary (2): Remarks on Consolidated Sales
Financial Summary Sales Summary (2) ■ Remarks on Consolidated Sales Sales in all segments decreased due to the difficult business environment, including the downturn in consumer confidence. Consolidated Sales 85,399 million yen 2,400 million yen decrease (2.7%) from the same period in the previous y
Slide 9: Operating Income Summary (1): Consolidated Operating Income
Financial Summary Operating Income Summary (1) ■ Consolidated Operating Income (in millions of yen) (%) Operating Income Margin Operating Income – 2nd half 7.4 Operating Income – 1st half 8.0 16,000 6.7 14,263 6.5 7.0 6.2 12,307 12,129 6.0 12,000 5.2 6,747 10,937 (6.9) 5.0 6,217 5,624 8,900 (forecas
Slide 10: Operating Income Summary (2): Remarks on Consolidated Operating Income
Financial Summary Operating Income Summary (2) ■ Remarks on Consolidated Operating Income Consolidated Operating Income 4,238 million yen 917million yen decrease (17.8%) from the same period in the previous year Major factors contributing to increase and decrease 1. The negative effect on operating
Slide 11: Ordinary Income Summary (1): Consolidated Ordinary Income
Financial Summary Ordinary Income Summary (1) ■ Consolidated Ordinary Income (in millions of yen) (%) Ordinary Income Margin 7.9 Ordinary Income – 2nd half 7.7 7.6 Ordinary Income – 1st half 8.0 16,000 15,259 7.1 14,487 7.0 13,806 6.3 12,613 6.0 12,000 7,279 (7.5) 7,183 10,800 (forecast) (7.6) 6,573
Slide 12: Ordinary Income Summary (2): Remarks on Consolidated Ordinary Income
Financial Summary Ordinary Income Summary (2) ■ Remarks on Consolidated Ordinary Income Consolidated Ordinary Income 5,332 million yen 703 million yen decrease (11.7%) from the same period in the previous year Major factors contributing to increase and decrease 1. Decrease in operating income 900 mi
Slide 13: Net Income Summary (1)
Financial Summary Net Income Summary (1) ■Consolidated Net Income Summary (in millions of yen) (%) Net Income Margin Net Income – 2nd half 5.0 Net Income – 1st half 10,000 4.3 3.7 4.0 7,824 3.6 8,000 3.4 7,196 6,460 3.0 6,200 (forecast) 3.0 4,642 6,000 3,240 (5.1) 5,248 (3.3) 3,688 3,333 (forecast)
Slide 14: Net Income Summary (2): Remarks on Consolidated Net Income
Financial Summary Net Income Summary ■Remarks on Consolidated Net Income Consolidated Net Income 2,866 million yen 241 million yen increase (9.2%) from the same period in the previous year Major factors contributing to increase and decrease 1. Increase in net income before tax 500 million yen ・ Decr
Slide 15: Consolidated Balance Sheet
Financial Summary Consolidated Balance Sheet (in millions of yen) Fiscal Year Six-months ended ended Change Factors for Change Mar. 31, 2011 Sept. 30, 2011 Decrease in cash and deposits 2,800 million yen 1,200 million yen Decrease in notes and accounts receivable-trade Current assets 60,364 57,012 -
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Slide 17: Sales & Operating Income by Business Segment
Sales & Operating Income by Business Segment 12
Slide 18: Highlights by Business Segment
Summary by Business Segment Highlights by Business Segment (in millions of yen) Fiscal Year Six months Six months Change ended Mar. 31, 2011 ended Sept. 30, 2010 ended Sept. 30, 2011 Operating Income on Sales(%) Operating Income on Sales(%) Operating Income on Sales(%) increase/decrease(%) Sales 115
Slide 19: Clean Group (Sales, Operating Income)
Summary by Business Segment Clean Group (Sales, Operating Income) Sales Operating Income 6 months (Apr. – Sept., Oct. – Mar.) 6 months (Apr. – Sept., Oct. – Mar.) (in millions of yen) (in millions of yen) (%) 2nd half Operating Income Margin 140,000 1st half 1st half 2nd half 17.5 120,000 115,661 11
Slide 20: Clean Group (Sales)
Summary by Business Segment Clean Group (Sales) (in millions of yen) Previous term Current term Change (%) Clean Group Segment income (1) 57,611 57,317 -293 -0.5 Sales increase of Azare Group (2) － 768 － － Income excluding Azare Group (1) – (2) 57,611 56,549 -1,061 -1.8 *Azare Group (Azare Products
Slide 21: Clean Group (Operating Income)
Summary by Business Segment Clean Group (Operating Income) (in millions of yen) Previous term Current term Change (%) Clean Group Segment income (1) 7,032 7,019 -13 -0.2 Sales increase of Azare Group (2) － 94 94 － Income excluding Azare Group (1) – (2) 7,032 6,925 -107 -1.5 *Azare Group (Azare Produ
Slide 22: Clean Group: Initiatives in the second half of FY2011 and beyond
Summary by Business Segment Clean Group ■ Initiatives in the second half of FY 2011 and beyond ➢Business Service (commercial market) Continued focus on sales activities offering proposals for support services for clean air and floor hygiene programs ● Air-Purifier Deo and custom-made mats are positi
Slide 23: Food Group (Sales, Operating Income)
Summary by Business Segment Food Group (Sales, Operating Income) Sales Operating Income 6 months (Apr. – Sept., Oct. – Mar.) 6 months (Apr. – Sept., Oct. – Mar.) (in millions of yen) (in millions of yen) (%) 2nd half Operating Income Margin 70,000 1st half 1st half 2nd half 10.0 6,000 8.6 9.0 60,000
Slide 24: Food Group (Sales)
Summary by Business Segment Food Group (Sales) (in millions of yen) Food Group Previous term Current term Change (%) Sales by segment 24,850 22,970 -1,880 -7.6 ➢Food Group recorded lower sales than a year earlier because sales of Mister Donut, the main business of this segment, fell short of the pla
Slide 25: Food Group (Operating Income)
Summary by Business Segment Food Group (Operating Income) (in millions of yen) Food Group Previous term Current term Change (%) Operating income by segment 1,666 716 -949 -57.0 ➢Operating income declined due to a decrease in sales 100 million yen ➢Gross profit decreased due to an increase in cost ra
Slide 26: Food Group: Initiatives in the second half at Mister Donut
Summary by Business Segment Food Group ■ Initiatives in the second half at Mister Donut Business Group ➢Review of the product development plan ● New items focused on the fried donut product line with “reasonable” prices and “diverse” selections. ● Christmas set and New Year lucky bag with “Snoopy” c
Slide 27: Other Businesses (Sales, Operating Income)
Summary by Business Segment Other Businesses (Sales, Operating Income) (in millions of yen) Other Businesses Previous term Current term Change (%) Sales by segment 5,338 5,111 -226 -4.2 Operating income by segment 40 172 131 327.2 ➢Sales at a leasing company declined due to revised coverage terms ●
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Slide 29: Other Businesses (Overseas Businesses)
Summary by Segment Other Businesses (Overseas Businesses) Overseas Businesses Note: Overseas Businesses are included in the "Other Businesses” segment starting in the previous year. ➢Sales of overseas business Sales by businesses in overseas markets Country or region Sept. 2009 Sept. 2010 Sept. 2011
Slide 30: Other Businesses (Overseas Businesses): Mister Donut shops overseas
Summary by Business Segment Other Businesses (Overseas Businesses) Note: Overseas Businesses are included in the "Other Businesses” segment starting Overseas Businesses in the previous year. ➢ Mister Donut shops overseas Mar. Sept. Change 2011 2011 Taiwan 46 50 4 Shanghai 9 16 7 South Korea 82 79 -3
Slide 31: Forecast and Actual Results & the Full-Year Forecast
Forecast and Actual Results & the Full-Year Forecast 25
Slide 32: Forecast and Actual Results for the First Half
Actual Results and Forecast Forecast and Actual Results for the First Half Consolidated (in millions of yen) Sales Operating income Ordinary income Net income Forecast on May 13 88,900 2,900 3,900 2,200 Actual 85,399 4,238 5,332 2,866 Difference -3,500 1,338 1,432 666 Difference (%) -3.9 46.1 36.7 3
Slide 33: Forecasts
Forecasts Forecasts Forecasts [Forecasts announced on Oct. 31, 2011] (in millions of yen) Consolidated Operating Ordinary Sales* Income Income Net Income FY2010 Actual 177,320 10,937 12,613 5,248 FY2011 Initial Forecast [on May 13, 2011] 179,200 8,900 10,800 6,200 FY2012 Revised Forecast [on Oct. 31
Slide 34: Sales & Operating Income Forecasts by Business Segment
Forecasts Sales & Operating Income Forecasts by Business Segment Sales & Operating Income (in millions of yen) FY2010 Six months Six months FY2011 Ended Sept. 30, 2011 Ending Mar. 31, 2012 Forecasted Operating Operating Income Forecasted Operating Actual Operating Income on Sales on Sales Income on
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Slide 37: For Reference
For Reference 29
Slide 38: Reference (1) Financial Summary: Non-consolidated Results
Reference (1) Financial Summary (in millions of yen) Non-consolidated Results Six months Six months Change Reference ended ended FY2010 ended Sept. 30, 2010 Sept. 30, 2011 Amount (%) Mar. 31, 2010 Sales 76,923 74,259 - 2,663 - 3.5 155,150 Operating Income 4,015 2,753 - 1,262 - 31.4 8,256 Operating I
Slide 39: Reference (2) Customer-Level Sales by Business Segment
Reference (2) Customer-Level Sales by Business Segment Customer-Level Sales by Business Segment (in millions of yen) Six months Six months Reference Change (%) FY2010 ended Sept. 30, 2010 ended Sept. 30, 2011 Ended Mar. 31, 2011 Amount Mix Amount Mix Amount % Amount Mix Clean Group 139,252 66.7 137,
Slide 40: Reference (3) Customer-Level Sales by Businesses
Reference (3) Customer-Level Sales by Businesses (in millions of yen) First Half Customer–Level Sales Six months ended Six months ended FY2010 ended Change % Sept. 30, 2010 Sept. 30, 2011 Mar. 31, 2011 Clean Group 139,252 137,173 - 2,079 - 1.5 279,314 Home Service: Dust Control (Domestic) 54,348 52,
Slide 41: Reference (4) Business Summary by Segment (1)
Reference (4) Business Summary by Segment (1) Business Summary by Segment Year ended Mar. 31, 2011: Consolidated sales 177,300 million yen, Consolidated operating income 10,900 million yen Clean Group Food Group Other Businesses (millions of yen) (millions of yen) (millions of yen) Sales 115,700 Sal
Slide 42: Reference (5) Business Summary by Segment (2)
Reference (5) Business Summary by Segment (2) Franchise Operation ※as of April 1, 2011 Clean Group Home Service Business Service ・ Rent mops and mats through periodic visits ・ Rent mops and mats through periodic visits Dust Control ････････ Mops, mats, etc. Dust Control ･･････････ Mops, mats, etc. A
Slide 43: Reference (6) Recycle-Oriented Business Model at Clean Service
Reference (6) Recycle-Oriented Business Model at Clean Service Rental of mops and mats: based on the idea to fully recycle the products through repeated use until the end of their useable life Delivery ＝ Rental Delivery ∥ ∥ Franchisees pay deposit Franchisee record the sales Comprehensive Branches P
Slide 44: Reference (7) Change of Business Segments
Reference (7) Change of Business Segments Change of business segments Business segments were changed in FY2010. Segments until FY2009 Segments from FY2010 Aino-Mise Related Businesses Clean Group Clean Service Home Service Health & Beauty Business Service Care Service Businesses Food Service Busines