Nikkon Holdings Co., Ltd. · TSE:9072
Nikkon — H1 FY2024/3 Earnings Presentation
28 slides from Nikkon's earnings presentation, Nov 20, 2023
Slide 1: Financial Results for the First Half of the Fiscal Year Ending March 31, 2024
Financial Results for the First Half of the Fiscal Year Ending March 31, 2024 November 20, 2023 NIKKON Holdings Co., Ltd. Security: 9072
Slide 2: Table of Contents
Table of Contents 1. Financial Results Explanation Financial Results Shareholder Returns Progress of the Thirteenth Medium-Term Management Plan 2. ESG Explanation ESG Initiatives and Progress 2
Slide 3: Financial Results: Overview of Business in the First Half Year
Financial Results: Overview of Business in the First Half Year ■ Trends of Japanese economy ■ Trends of logistics industry Recovering moderately overall, A steep rise in oil price continues. driven by a rise in domestic The 2024 issue of the logistics demand. industry will start to be applie
Slide 4: Financial Results: Statement of Earnings (Consolidated)
Financial Results: Statement of Earnings (Consolidated) 1H of FY ended 1H of FY ending Increase/ Change (Millions of yen) Mar. 2023 Mar. 2024 decrease (%) (Millions of yen) Net sales 103,751 108,327 +4,575 +4.4% Operating profit 8,895 10,319 +1,424 +16.0% Ordinary profit 10,303 11,770 +1,467 +14.2
Slide 5: Net Sales and Operating Profit by Segment (Consolidated)
Financial Results: Net Sales and Operating Profit by Segment (Consolidated) [Net Sales by Segment] [Operating Profit by Segment] (Millions of yen) 1H 2023/3 1H 2024/3 Change (%) (Millions of yen) 1H 2023/3 1H 2024/3 Change (%) Transportation 47,220 48,539 +2.8% Transportation 2,145 2,580 +20.2% Ware
Slide 6: Net Sales by Industry / Regions (Consolidated)
Financial Results: Net Sales by Industry / Regions (Consolidated) [Net Sales by Industry] [Net Sales by Region] (Millions of yen) 1H 2023/3 1H 2024/3 Change (%) (Millions of yen) 1H 2023/3 1H 2024/3 Change (%) Automobile 37,674 42,858 +13.8% Auto-Parts 22,270 21,315 4.3% Japan 88,213 92,180 +4.5% H
Slide 7: Financial Results: Financial Indicators (Consolidated)
Financial Results: Financial Indicators (Consolidated) Change (Millions of yen) 2022/3 2023/3 2023/9 Major change factors (Note) - Cash and deposits increased JPY 5,921 million and securities increased JPY 2,882 million due in part to the posting of profit for the period. Total assets 339,475 360,
Slide 8: Financial Results: Cash Flows (Consolidated)
Financial Results: Cash Flows (Consolidated) (Millions of yen) +15,458 -10,883 Cash flows from Cash flows from operating activities investing activities +2,509 +822 47,367 Cash flows from Other financing activities Purchase of Proceeds from long- property, plant and term borrowings 39,460 equipment
Slide 9: Financial Results: Changes in Capital Investments
Financial Results: Changes in Capital Investments Changes in Capital Investments up to the End of the First Half of the Fiscal Year ending Mar. 31, 2024 (Consolidated) (Millions of yen) 30,000 28,344 28,280 25,914 23,000 25,000 22,226 20,000 16,548 15,213 15,000 10,000 5,000 10,340 0 2018/3 2019/3
Slide 10: Financial Results: Capital Investment
Financial Results: Capital Investment Summary of Capital Investments for the First Half of the Fiscal Year ending Mar. 31, 2024 (Consolidated) Amount Capital investments details Descriptions (Millions of yen) 134 units (Additional Operating Fleets 1,538 trucks or replacements) Buildings Warehouses
Slide 11: Capital Investment: Completion of Warehouses
Financial Results: Capital Investment [Completion of Warehouses] Status of Warehouse Construction for the First Half of the Fiscal Year ending Mar. 31, 2024 (Consolidated) NO. Company name Location Date of completion Buildings Total floor area Applications NIPPON KONPO Koga, Ibaraki Storage of aut
Slide 12: Capital Investment: Warehouses under Construction and Expected Completion Dates
Financial Results: Capital Investment [Warehouses under Construction and Expected Completion Dates] Ongoing Capital Investments (Consolidated Basis) as of Sep. 30, 2023 NO. Company name Location Date of completion Buildings Total floor area Applications Storage of food-related 1 NIKKON Holdings Co
Slide 13: Table of Contents
Table of Contents 1. Financial Results Explanation Financial Results Shareholder Returns Progress of the Thirteenth Medium-Term Management Plan 2. ESG Explanation ESG Initiatives and Progress 13
Slide 14: Shareholder Returns: Payout Ratio / Dividends
Shareholder Returns: Payout Ratio / Dividends Payout ratio: 40% (starting from FY2023/3) Purchase of treasury shares (Approx. JPY 4,000 million) Introduction of progressive dividends (starting from FY2024/3) JPY 120 50% Trends in dividends and dividend payout ratios JPY 99 JPY 100 40.1% 40.1
Slide 15: Shareholder Returns: Purchase of Treasury Shares
Shareholder Returns: Purchase of Treasury Shares ■ Acquisition status (as of November 17, 2023) (1) Total number of shares acquired: 1,057,000 shares (upper limit: 1,500,000 shares) 70.47% progress in acquisition (2) Total share acquisition price: JPY 3,409 million (upper limit: JPY 4,000 million)
Slide 16: Trends in ROE, ROA and PBR
Trends in ROE, ROA and PBR (Millions of yen) Net profit ROE ROA (％) 1.00 ■ Trends in PBR 0.96 0.86 0.80 0.75 0.73 0.71 0.64 0.60 0.40 0.20 0.00 16 2019/3 2020/3 2021/3 2022/3 2023/3 2023/9
Slide 17: Table of Contents
Table of Contents 1. Financial Results Explanation Financial Results Shareholder Returns Progress of the Thirteenth Medium-Term Management Plan 2. ESG Explanation ESG Initiatives and Progress 17
Slide 18: Thirteenth Medium-Term Management Plan
Thirteenth Medium-Term Management Plan Medium-Term Management Plan: Challenge 13 “Contribute through our business activities to the realization and sustainable growth of a prosperous society that enables people to feel truly happy” KPIs in the Medium-Term Management Plan Net Sales/Operating Profit
Slide 19: Progress of the Thirteenth Medium-Term Management Plan (1)
Progress of the Thirteenth Medium-Term Management Plan (1) Medium-term Net sales management plan (Millions of yen) Operating profit Medium-term management plan (Millions of yen) 300,000 280,000 30,000 28,000 250,000 250,000 230,000 24,000 25,000 22,000 200,000 20,000 150,000 15,000 110,000 108,327
Slide 20: Progress of the Thirteenth Medium-Term Management Plan (2)
Progress of the Thirteenth Medium-Term Management Plan (2) Clothing, Food and Circulation Business Overseas Business Shelter-related Business [Purpose] [Purpose] [Purpose] - Creation of value added through the - Pursuing logistics more closely related to - Expansion of overseas business realizatio
Slide 21: Growth Strategy: M&A Initiatives
Growth Strategy: M&A Initiatives M&A is a tool for buying time. “Regional complement” “Supplement of technologies and functions” “Development of new shippers” [Announced on November 10] (i) Company name: Koga Environmental Service Co., Ltd. (Koga, Ibaraki Pref.) Business outline: Collection of pub
Slide 22: Growth Strategy: Activities for Manpower Saving and Automation
Growth Strategy: Activities for Manpower Saving and Automation Completed in September 2023 Completed in September 2023 Automatic rack system and vertical conveyors Overhead cranes in the warehouse No.2 at Miyoshi Sales Office at Sanwa Sales Office Single bridge hoist crane (2.8t) Supports the hand
Slide 23: Table of Contents
Table of Contents 1. Financial Results Explanation Financial Results Shareholder Returns Progress of the Thirteenth Medium-Term Management Plan 2. ESG Explanation ESG Initiatives and Progress 23
Slide 24: ESG Initiatives (1) [Action on Climate Change]
ESG Initiatives (1) [Action on Climate Change] (1) Introduction of (2) Photovoltaic power generation eco-friendly vehicles (introduction of on-site PPA) 10-ton hybrid vehicles Expected to be installed at the following three offices in the second half. (i) Kashiwabara Sales Office of Nippon Konpo
Slide 25: ESG Initiatives (2) [Issuance of integrated reports]
ESG Initiatives (2) [Issuance of integrated reports] We have created the FY2023 Integrated Report to ensure that our stakeholders deepen their understanding about the NIKKON Group. [CONTENTS] Section 1: NIKKON at a Glance (Corporate philosophy, history, etc.) Section 2: NIKKON’s Growth Strategy (T
Slide 26: ESG Initiatives (3) [Holding of the ANS Competition]
ESG Initiatives (3) [Holding of the ANS Competition] We held the 8th ANS Driving Skills Competition to improve skills on safety. The Competition was held on May 28 for the purpose of increasing safety awareness on a Groupwide basis, as well as the promotion of traffic accident prevention activitie
Slide 27: Thirteenth Medium-Term Management Plan (ESG) Comparison in KPI targets
Thirteenth Medium-Term Management Plan (ESG) Comparison in KPI targets [Ratio of female employees] FY2022 FY2025 Percentage of all employees that are women 24% 30% FY2023/3 FY2023/9 18,736 25,000 20,000 20,254 14,345 20,000 15,000 15,352 10,453 15,000 11,885 8,803 8,283 10,000 9,655 10,000 8,369 5
Slide 28: For IR inquiries
For IR inquiries NIKKON Holdings Co., Ltd. Stock Section, General Affairs Department 6-17 Akashi-cho, Chuo-ku, Tokyo TEL (03)3541-5330 (Representative) FAX (03)3546-3659 https://www.nikkon-hd.co.jp E-mail: kouhou@nikkon.co.jp Forward-looking statements in this presentation, including earnings fore