Kyokuto Kaihatsu Kogyo Co., Ltd. · TSE:7226
Kyokuto Kaihatsu Kogyo — FY2024 Earnings Presentation
68 slides from Kyokuto Kaihatsu Kogyo's earnings presentation, May 2025
Slide 1: Operating Results for FY2024
Operating Results for FY2024 Kyokuto Kaihatsu Kogyo Co., Ltd. TSE Prime: 7226
Slide 2: Table of Contents
Table of Contents 1. Results of FY2024 P3 ～ 5 2. Results by Segment P6 ～14 3. Full-Year Forecast for FY2025 P15～21 4. New Medium-term Management Plan 2025-27 P22～63 [ Creating The Future As One (Ⅱ) ] 2
Slide 3: 1. Results of FY2024
MI KYoKuTo 1. Results of FY2024
Slide 4: Summary of Consolidated Financial Results for FY2024
Summary of Consolidated Financial Results for FY2024 Fiscal year FY2023 FY2024 Change Percentage Millions of yen Net sales 128,026 140,449 + 12,423 +9.7% Operating profit 4,825 6,656 + 1,831 +38.0% Ordinary profit 5,617 6,890 + 1,273 +22.7% Profit attributable to owners of parent 3,501 5,820 + 2,319
Slide 5: Quarterly Trends in Consolidated Financial Results
Quarterly Trends in Consolidated Financial Results （Accumulation period） Fisc al ye ar FY2 0 2 3 FY2 0 2 4 Ch an ge (Ye ar - o n - ye ar ) Millio n s o f ye n 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Amo u n t P e r c e n tage Net sales 26,091 59,570 90,311 128,026 28,626 64,007 96,642 140,449 + 12,423 +9.7% 22,313
Slide 6: 2. Results by Segment
MI KYoKuTo 2. Results by Segment
Slide 7: Special Purpose Vehicles Business
Special Purpose Vehicles Business Net sales Price revisions for finished goods contributed to the increase, while Share of the production volume decreased slightly from the previous year net sales Addition of Australian STG to the Group also drove the increase 84.1％ Operating profit Profitability im
Slide 8: Factors Causing Increase / Decrease in Consolidated Operating Profit (Special Purpose Vehicles)
Factors Causing Increase / Decrease in Consolidated Operating Profit (Special Purpose Vehicles Business) (Millions of yen) Operating profit （+2,224） FY2023 FY2024 8
Slide 9: Special Purpose Vehicles Business: Orders Received and Backlog
Special Purpose Vehicles Business: Orders Received and Backlog (Millions of yen) KYOKUTO Order backlog TREX Order backlog Total of orders received 110,613 111,644 97,779 99,336 95,309 90,124 84,989 80,219 73,233 77,553 70,870 65,529 59,831 55,517 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 9
Slide 10: Special Purpose Vehicles Business: Sales Composition
Special Purpose Vehicles Business: Sales Composition (Millions of yen) Related to the environment / welfare 6,291 Related to logistics Related to Overseas FY2023 Trailer Wing / van Other and labor-saving construction /export Total 107,115 24,616 18,754 15,719 15,568 14,414 11,753 Related to logistic
Slide 11: Environmental Equipment and Systems Business
Environmental Equipment and Systems Business Net sales Plant construction: Construction of projects from backlog continued (FY2024: 1 project completed) Share of net sales New orders were received (FY2024: 3 orders in total) 10.1％ Stock-type business such as contracts for operation and maintenance w
Slide 12: Environmental Equipment and Systems Business: Trend of Results
Environmental Equipment and Systems Business: Trend of Results (Plants/unit) (Acquired contract for operation/case) 210 40 プラント納入実績（累計） Plant delivery record (cumulative) Number of received contract for operation 運転受託数（稼働中） (in operation currently) 205 30 200 20 195 10 190 0 FY2016 FY2017 FY2018 FY2
Slide 13: Car Parking Systems Business
Car Parking Systems Business Net sales New and renovated properties increased toward the second half of the fiscal Share of year net sales Sales of over 8,000 million yen were achieved for the first time since FY2013 5.8％ Operating profit Stock-type business of multi-story parking systems such as re
Slide 14: Car Parking Systems Business: Trend in Results
Car Parking Systems Business: Trend in Results (Unit) Number of pallets for multi-level parking equipment Number of lots for cars in pay-and-display parking (cumulative) (in operation currently) FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023
Slide 15: 3. Full-Year Forecast for FY2025
3. Full-Year Forecast for FY2025 15
Slide 16: FY2025: Consolidated Results Forecast
FY2025: Consolidated Results Forecast Fisc al year FY2024 FY2025 Change P e r c e n t age Millions of yen (Results) （Forecast） Net sales 140,449 168,000 + 27,551 +19.6% Operating profit 6,656 9,600 + 2,944 +44.2% Ordinary profit 6,890 9,500 + 2,610 +37.9% Profit attributable to 5,820 6,500 + 680 +11
Slide 17: Trend in Consolidated Operating Profit (by Segment)
Trend in Consolidated Operating Profit (by Segment) (Millions of yen) 9,000 Special Purpose Vehicles Environment Car Parking 8,000 7,800 6,880 7,000 6,000 5,000 4,676 4,481 4,000 2,772 3,000 2,4512,644 2,400 1,994 2,098 2,000 1,768 1,140 1,143 656 780 847 750 1,000 0 -1,000 △ 555 FY2020 FY2021 FY202
Slide 18: Special Purpose Vehicles Business: Full-year Results Forecast
Special Purpose Vehicles Business: Full-year Results Forecast Special Purpose Vehicles Business ➢ Price revisions for finished goods led to higher sales (*some of the prices have been revised again from April 1, 2025) ➢ Productivity and profitability improve due to large-scale capital investments ➢
Slide 19: Truck Market and Net Sales Trend of Special Purpose Vehicles Business
Truck Market and Net Sales trend of Special Purpose Vehicles Business While the truck market has remained stagnant temporarily due in large part to the pandemic, semiconductor shortages, and chassis manufacturers’ misconduct related to vehicle certification, we have managed to secure sales through r
Slide 20: Environmental Equipment and Systems Business: Full-Year Results Forecast
環境事業 通期業績予想 Environmental Equipment and Systems Business ➢ Introduction of new technologies contributes to increased added value and differentiation from competitors ➢ Maximum leverage of group-wide collaboration and resources enhances proposal and cost-saving capabilities ➢ Biomass-related business
Slide 21: Car Parking Systems Business: Full-Year Results Forecast
Car Parking Systems Business: Full-Year Results Forecast Car Parking Systems Business ➢ Multi-story parking systems : Stock-type business such as renovation and maintenance increases its sales, securing stable earnings ➢ Pay-and-display parking lots : Early monetization is pursued through enhancing
Slide 22: Medium-term Management Plan 2025-27
Designing a better future for towns and everyday living Kyokuto Kaihatsu Group Medium-term 2025 - 27 Management Plan Creating The Future As One (II) Copyright © Kyokuto Kaihatsu Kogyo Co.,Ltd.All Rights Reserved.
Slide 23: Long-term Management Vision
I Long-term Management Vision Long-term Management Vision Kyokuto Kaihatsu 2030 2 STEP 3 STEP rd 1 STEP st Medium-term nd Medium-term Management Plan 2025-27 Medium-term Management Plan 2028-30 Management Plan 2022-24 23 Copyright © Kyokuto Kaihatsu Kogyo Co.,Ltd.All Rights Reserved.
Slide 24: Long-term Management Vision - Kyokuto Kaihatsu 2030
I Long-term Management Vision Kyokuto Kaihatsu Group Long-term Policy Long-term Management Vision - Kyokuto Kaihatsu 2030 - Kyokuto Kaihatsu Group aims to become a leading global integrated infrastructure manufacturer, contributing to the realization and advancement of a sustainable society, based o
Slide 25: Long-term Management Vision: Group Aims FY2030
I Long-term Management Vision Kyokuto Kaihatsu Kogyo Group Aims FY 2030 200 10% 10% Business Operating Results Net Sales Income ROE Vision billion yen Ratio Long-Term Business Strategies Special Purpose Vehicle Business Environmental Equipment Car Parking Systems Business *Including overseas busines
Slide 26: Sustainability Vision
I Long-term Management Vision Kyokuto Kaihatsu Kogyo Group Aims FY 2030 Sustainability Vision [Environment] Manufacturing Vision CO2 Emissions: -38% *1 New Environmental Standards Compliance Label (Gold Waste Recycling Rate during Production: (Compared to 2013) Label) Certification Acquisition Rate:
Slide 27: II Review on the previous Medium-term Management Plan
Review on the previous Medium-term II Management Plan Long-term Management Vision Kyokuto Kaihatsu 2030 2 STEP 3 STEP rd 1 STEP st Medium-term nd Medium-term Management Plan 2025-27 Medium-term Management Plan 2028-30 Management Plan 2022-24 27 Copyright © Kyokuto Kaihatsu Kogyo Co.,Ltd.All Rights R
Slide 28: Review on the previous Medium-term Management Plan
II Review on the previous Medium-term Management Plan In the previous Medium-Term Management Plan 2022–24, positioned as the first step toward realizing the long-term management vision “Kyokuto Kaihatsu 2030,” we focused on two key themes: “proactive investment for further growth” and “strengthening
Slide 29: Investment and Return Performance
Review on the previous II Medium-term Management Plan Investment and Return Performance In addition to investments aimed at strengthening business capabilities such as development, Investment production, and service, we have actively carried out ESG investments to contribute to employee safety and s
Slide 30: Investment and Return Performance: Major investment projects
Review on the previous II Medium-term Management Plan Investment and Return Performance Reference: Major investment projects Photos Technical center（Under Construction） Drone Photography（as of March 31, 2025） 30
Slide 31: Investment and Return Performance: Major investment projects
Review on the previous II Medium-term Management Plan Investment and Return Performance Reference: Major investment projects Photos Technical center（Under Construction） Rendering of the completed building (perspective drawing) 31
Slide 32: Investment and Return Performance: Major investment projects
Review on the previous II Medium-term Management Plan Investment and Return Performance Reference: Major investment projects Photos New Office Building SATRAC a plant in Chennai （Under Construction） Yokohama Plant Automated line for small dump trucks 32
Slide 33: Investment and Return Performance: Major investment projects
Review on the previous II Medium-term Management Plan Investment and Return Performance Reference: Major investment projects Photos Fukuoka Plant: New factory building and new office New Tohoku Branch/Sendai Service Center Himeji Service Center NIPPON TREX a new plant（E plant ） Reservoir Solar at Mi
Slide 34: Investment and Return Performance: Shareholder Returns
Review on the previous II Medium-term Management Plan Investment and Return Performance We continued to provide high-level returns, including the flexible repurchase of our own shares, which led to an increase in stock prices. 3 Year Plan 3 Year Actual Total Return Ratio (Dividend Payout Ratio) Tota
Slide 35: III New Medium-term Management Plan
III New Medium-term Management Plan Long-term Management Vision Kyokuto Kaihatsu 2030 2 STEP 3 STEP rd 1 STEP st Medium-term nd Medium-term Management Plan 2025-27 Medium-term Management Plan 2028-30 Management Plan 2022-24 35 Copyright © Kyokuto Kaihatsu Kogyo Co.,Ltd.All Rights Reserved.
Slide 36: Strategic Role of the Current Plan
III Strategic Role of the Current Plan Kyokuto Kaihatsu Group Medium-term Planning Period 1 April 2025 ~ 31 March 2028 Management Plan 2025 - 27 A three-year period of advancement beginning with our 70th anniversary Creating The Future As One (II) In the current medium-term management plan, we aim t
Slide 37: Our Strategic Priorities Moving Forward
III Our Strategic Priorities Moving Forward As the second step toward realizing our long-term management vision, we will steadily move forward by focusing on the following five basic policies. Helping solve social issues and creating value through high-value-added products and services 1 By leveragi
Slide 38: Understanding the Market Landscape Ahead
III Understanding the Market Landscape Ahead Increased risk of business continuity Raw material prices remain General Japan's labor shortage continues high and there are concerns due to natural disasters, worsening working conditions due to rising that they will rise further temperatures Special Pur
Slide 39: Goals and Policies such as Business Performance
III Goals and Policies such as Business Performance In this medium-term management plan, we have set the following performance targets with a view toward realizing our long-term management vision. FY2027 Target Value Long-term Management Vision Net Sales 190 billion yen 200 billion yen Op. Profit Ra
Slide 40: Performance Targets by Business
III Goals and Policies such as Business Performance Performance Targets by Business FY2027 target value 165.0 billion yen Net Sales (37 billion yen) Special Purpose Vehicle Business 8.8% ( ) indicates Overseas Business Operating Profit Ratio (8.0%) Environmental Net Sales 20 billion yen Equipment an
Slide 41: Cash Allocation
III Goals and Policies such as Business Performance Cash Allocation Cash allocation for Investment and Return *Each amount represents the total for a three-year period. Cash-In Cash Out Growth Investments 30 billion yen ● Group Technical Center ● Construction of new Additional Strategic ● Reorganiza
Slide 42: Shareholder Returns
III Goals and Policies such as Business Performance Shareholder Returns High dividends based on DOE [Dividend on Equity] Stable High Level - Stable dividend payouts that are not affected by temporary fluctuations in business performance - DOE level of 4% or more (TSE average: approx. 3%) Medium-term
Slide 43: Enhanced Corporate Value
Goals and Policies III such as Business Performance Enhanced Corporate Value Enhanced Corporate Value PBR* of 1 or higher *(Price-to-Book Ratio) Enhancement of market and Improvement of Return on Equity social valuation ROE 8% guideline (Reduction of capital costs) Increase in PER ＄ Promoting Sustai
Slide 44: Promoting Sustainability Management
IV Promoting Sustainability Management The Kyokuto Kaihatsu Group practices sustainability management that meets the various needs and expectations of its stakeholders. In this medium-term management plan, we will promote company-wide initiatives to address materiality (key issues), based on the man
Slide 45: Non-financial Items / Major Targets
IV Promoting Sustainability Management Non-financial Items / Major Targets FY2027 target value Long-term Management Vision Compared to the fiscal year 2013: Compared to the fiscal year 2013: CO2 Emission Reduction*1 -28% -38% New Environmental Standards Compliance Label (Gold Label) Certification Ac
Slide 46: Group Governance
IV Promoting Sustainability Management Group Governance Establishing a framework to enhance the overall corporate value of the group Led by the Management Headquarters of Kyokuto Kaihatsu Kogyo, we will establish a group governance system that enables the group to generate synergies and carry out bu
Slide 47: Corporate Strategy
IV Promoting Sustainability Management Corporate Strategy Establishment of governance-related regulations / rules and organizational construction Building a governance system befitting a global company Reallocation of management resources through review of the business and product portfolios Strengt
Slide 48: Corporate Strategy: Corporate PR and Investor Dialogue
IV Promoting Sustainability Management Corporate Strategy Corporate PR that contributes to improving corporate value and dialogue with investors and shareholders Promotion of branding initiatives (through expanded content to enhance brand awareness) Expanding contact points with Group Stakeholders (
Slide 49: Business-Specific Strategies: Special Purpose Vehicle Business
V Business-Specific Strategies Special Purpose Vehicle Business Fundamental review of the production system and pursuit of high added value across all areas of sales, production, and service. POINT 01 POINT 02 POINT 03 In addition to further improving As Japan's top comprehensive Accurately identify
Slide 50: Acquiring Outstanding Technical Capabilities and Solid Quality
Special Purpose V Business-Specific Strategies Vehicle Business Accelerating product development through the utilization of the Kyokuto Kaihatsu Group Technical Center In June 2026, a new base that will serve as the core of Kyokuto Kaihatsu Group’s technological development is scheduled for completi
Slide 51: Developing High-Value-Added Products and Services
Special Purpose V Business-Specific Strategies Vehicle Business Developing high-value-added products and services based on the challenges and needs of society and our customers By understanding what society and our customers seek and the challenges they face, our group aims to enhance customer engag
Slide 52: Increased Productivity and Profitability
Special Purpose V Business-Specific Strategies Vehicle Business Increased productivity and profitability We will significantly improve our operating profit margin by realizing the effects of various capital investments made during the previous medium-term management plan, as well as by investing in
Slide 53: Restructuring of Production and Parts Centers
Special Purpose V Business-Specific Strategies Vehicle Business Increased efficiency through reorganization of production items at production plants and consolidation of parts centers Reorganizing production among Kyokuto Kaihatsu Kogyo's factories to improve productivity and operating profit margin
Slide 54: Business-Specific Strategies: Overseas Business
V Business-Specific Strategies Overseas Business Business expansion through the enhancement of production sites and product lines, and the promotion of mutual cooperation between facilities POINT 01 POINT 02 POINT 03 Strengthen cooperation between In India and Indonesia, we will The Chinese base wil
Slide 55: Expanding Overseas Business Using the Group's Global Network
Overseas V Business-Specific Strategies Business Expanding overseas business by utilizing the Group's global network Cross-selling between Kyokuto Kaihatsu Kogyo and STG The Kunshan plant will begin production of units and parts in By completing the Chennai plant cooperation with STG. (scheduled for
Slide 56: Strengthening Mutual Cooperation Among Overseas Bases
Overseas V Business-Specific Strategies Business Strengthening mutual cooperation among overseas bases contributes to business performance Rapid integration and consolidation of bases of newly formed STG and Kyokuto Australia Promote cross-selling of products from each country (Sales of SATRAC-made
Slide 57: Business-Specific Strategies: Environmental Equipment and Systems Business
V Business-Specific Strategies Environmental Equipment and Systems Business Establishing a solid position in the industry through the introduction of new technologies and construction methods, as well as strengthened collaboration within the group. POINT 01 POINT 02 POINT 03 In order to establish a
Slide 58: Improving Order Success Rate and Adding Value to Facilities
Environmental V Business-Specific Strategies Equipment and Systems Business Improving order success rate and adding value to facilities Actively introducing new technologies that improve facility safety and resource recycling technology Strengthening competitiveness by improving the reliability and
Slide 59: Safe and Reliable Construction Progress
Environmental V Business-Specific Strategies Equipment and Systems Business Safe and reliable construction progress and proactive adoption of new construction methods Ensuring safe and reliable project progress through detailed construction planning, thorough quality and budget control, and strength
Slide 60: Full-scale Entry into Carbon Neutrality Businesses
Environmental V Business-Specific Strategies Equipment and Systems Business Full-scale entry into new businesses that contribute to achieving carbon neutrality Sales of wood biomass boiler units and launch of thermal energy supply business Sales of push-and-push molding machines and Launch of the pu
Slide 61: Business-Specific Strategies: Car Parking Systems Business
V Business-Specific Strategies Car Parking Systems Business Responding flexibly to structural changes in mobility and achieving differentiation through the rapid deployment of proprietary technologies. POINT 01 POINT 02 POINT 03 In the mechanical parking system In the hourly parking business, DX bus
Slide 62: Ensuring Stable Profits in Mechanical Parking Equipment Business
Car Parking V Business-Specific Strategies Systems Business Ensuring stable profits in the mechanical parking equipment business Increase installation opportunities for new properties and aim for stable profits by acquiring maintenance contracts Strengthen relationships with existing customers to wi
Slide 63: High-Value-Added Products and Services: KKP Cloud
Car Parking V Business-Specific Strategies Systems Business Development of high-value-added products and services suited to the future mobility society All-in-one service provided by KKP Cloud Expand the scope of use of "KKP Cloud," which was built as a remote monitoring and control service for mech
Slide 64: For Reference: Supplementary Data
For Reference: Supplementary Data 64
Slide 65: Company Profile
Company Profile Company Name ： KYOKUTO KAIHATSU KOGYO CO.,LTD. Location of headquarters ： Chuo-ku, Osaka, Japan Founding date ： June 1, 1955 Capital ： 11,899,867,400 yen Title and name of Representative ： Representative Director, President, CEO Tatsuya Nunohara Number of employees ： consolidated 3,
Slide 66: Business Line
Business Line Special Purpose Vehicles Business Manufacture, mounting, sale, and repair of special purpose vehicles and other transportation equipment, and manufacture and sale of parts thereof. Manufacture and sale of trailers, truck bodies, etc. Environmental Equipment and Systems Business Manufac
Slide 67: Announcement of a research report by Shared Research
Announcement of a research report by Shared Research We are pleased to announce the release of a research report by Shared Research, Inc. to help investors better understand our company. We hope this will help you understand our business better. https://sharedresearch.jp/en/companies/7226 67
Slide 68: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement Regarding Forward-Looking Information The statements in this document regarding management targets and future forecasts have been made by the Company based on information available at the time of publication of this document. As these are subject to change due to various factors
Kyokuto Kaihatsu Kogyo — FY2024 Earnings Presentation on 6ix