Takaoka Toko Co., Ltd. · TSE:6617
Takaoka Toko — FY2022 Earnings Presentation
29 slides from Takaoka Toko's earnings presentation, May 19, 2023
Slide 1: FY2022 Supplementary Briefing Material on Financial Results
Takaoka Toko Group FY2022 (Fiscal year ended on March 31, 2023) Supplementary Briefing Material on Financial Results May 19, 2023 TSE Prime Market (6617) Takashi Ichinose, President and Representative Director Takaoka Toko Co., Ltd. 2023. All rights reserved.
Slide 2: Regarding the Press Release on May 16, 2023
Regarding the Press Release on May 16, 2023 We deeply apologize once again for great inconveniencies and concerns caused to our customers, shareholders, and all other stakeholders regarding the "Incidents of Impropriety Regarding Certain Instrument Transformer Products" announced on May 16, 2023. We
Slide 3: Regarding the Press Release on May 16, 2023
Regarding the Press Release on May 16, 2023 2. Our view on soundness of our products Though having failed to conduct type tests for certain items of the products shipped so far, we believe that we ensured sufficient quality and safety of those products for the following grounds: (1) The products are
Slide 4: Contents
Contents 1. FY2022 Business Results/Business Portfolio <YoY Analysis> 2. FY2022 Performance of Business Segments <YoY Analysis> 3. FY2022 Business Results <Comparison with Forecast> 4. FY2022 Investments Made 5. FY2022 Impacts of Prolonged Lead Time of Parts Procurement and Soaring Major Material Pr
Slide 5: FY2022 Business Results <YoY Analysis>
FY2022 Business Results <YoY Analysis> Consolidated net sales were 97,752 million yen, up 6.3% YoY, mainly due to increased sales related to the overall Metering Business, 3D inspection systems, disconnector, and power distribution equipment, despite a decrease in the number of overseas constructi
Slide 6: FY2022 Business Results: Business Portfolio
FY2022 Business Results Business Portfolio (FY2022 Net Sales) Applied Optics Inspection System Business Segment Other Businesses Applied optic inspection system (3D inspection systems) 4% (2%) 1% (1%) Real estate leasing GX Solution Business Segment 8% (7%) Power plant equipment (high voltage transf
Slide 7: FY2022 Business Results: Net sales
1. FY2022 Business Results: Net sales <YoY Analysis> [Net sales by segment] (In millions of yen) FY2022 Actual FY2021 Actual YoY Segment Percent Amount (A) Ratio Amount (B) Ratio Change (A)–(B) change Electric Equipment Business 56,944 58.3% 57,644 62.7% (720) (1.2%) Metering Business 27,953 28.6% 2
Slide 8: FY2022 Business Results: Income
1. FY2022 Business Results: Income <YoY Analysis> [Income by segment] (In millions of yen) FY2022 Actual FY2022 Actual YoY Segment Percent Amount (A) Profit margin Amount (B) Profit margin Change (A)–(B) change Electric Equipment Business 5,214 9.2% 6,355 11.0% (1,140) (17.9%) Metering Business 2,33
Slide 9: Performance of Business Segments: Electric Equipment
2. Performance of Business Segments <YoY Analysis> Net 800 sales Segment80 profit Electric Equipment Business Segment (In millions of yen) FY2022 FY2021 Increase YoY (%) 600 60 Actual (A） Actual (B) (A)－(B) Net sales 56,944 57,664 (720) (1.2%) 400 40 Segment profit 5,214 6,355 (1,140) (17.9%) sales
Slide 10: Performance of Business Segments: GX Solution
2. Performance of Business Segments <YoY Analysis> Net sales 80 Segment profit 30 GX Solution Business Segment (In millions of yen) 25 FY2022 FY2021 Increase YoY (%) 60 Actual (A） Actual (B) (A)－(B) 20 Net sales 7,711 6,840 871 12.7% 15 40 Segment profit (207) (284) 77 – 10 5 sales 20 [Reason behind
Slide 11: FY2022 Business Results <Comparison with Forecast>
3. FY2022 Business Results <Comparison with Forecast (Disclosed on April 27, 2022)> Both net sales and profit increased, driven by smart meters in the Metering Business and 3D inspection systems in the Applied Optics Inspection Business. Although the Company missed sales opportunities due to the pro
Slide 12: FY2022 Investments Made
4. FY2022 Investments Made Capital investments Research & Development (In hundred millions yen) (In hundred millions yen) FY2022 FY2021 Increase FY2022 FY2021 Increase Actual (A) Actual (B) (A–B) Actual (A) Actual (B) (A–B) Revenue growth 11 10 1 New domains 9 8 1 and new domains Maintenance and 11
Slide 13: Impact of Prolonged Lead Time of Parts Procurement and Soaring Material Prices
5. FY2022 Impact of Prolonged Lead Time of Parts Procurement and Soaring Major Material Prices Prolonged lead time of parts procurements Soaring major material prices With the prolonged lead time of procurement of Soaring prices of major materials, including coppers various parts including semicondu
Slide 14: FY2023 Business Forecast Assumptions
6. FY2023 Business Forecast Assumptions Followings are possible risks that may impact FY2023 business forecast as of today. 1. Impact of prolonged lead time of parts procurement and soaring major material prices Assume those risks remain high for FY2023. Prolonged lead time of parts procurement Fo
Slide 15: FY2023 Business Forecast
7. FY2023 Business Forecast In FY2023, we expect net sales of 100,000 million yen, operating income of 4,500 million yen, ordinary income of 4,600 million yen, and profit attributable to owners of parent of 3,400 million yen. As for the future outlook, we expect the impact of soaring resource prices
Slide 16: FY2023 Business Forecast: Difference from Last Revised Forecast
7. FY2023 Business Forecast: Difference from Last Revised Forecast Announced on Apr. 27, 2022 While we revised upward the target for FY2023 in our Medium-term Management Plan 2023 on April 27, 2022, we now have further updated the target, or forecast, for FY2023 by incorporating various risks such a
Slide 17: FY2023 Business Forecast: Net Sales
7. FY2023 Business Forecast: Net Sales [Net sales by segment] (In millions of yen) FY2023 Forecast FY2022 Actual YoY Segment Percent Amount (A) Ratio Amount (B) Ratio Increase (A)–(B) change Electric Equipment Business 59,589 59.6% 56,944 58.3% 2,645 4.6% Metering Business 26,156 26.2% 27,953 28.6%
Slide 18: FY2023 Business Forecast: Income
7. FY2023 Business Forecast: Income [Income by segment] (In millions of yen) FY2023 Forecast FY2022 Actual YoY Segment Percent Amount (A) Ratio Amount (B) Ratio Increase (A)–(B) change Electric Equipment Business 6,216 10.4% 5,214 9.2% 1,002 19.2% Metering Business 1,938 7.4% 2,337 8.4% (399) (20.6%
Slide 19: FY2023 Investment Plans
8. FY2023 Investment Plans Capital Investments Research & Development （In hundred millions yen) (In hundred millions yen) FY2023 FY2022 Change FY2023 FY2022 Change Plan (A) Actual (B) (A–B) Plan (A) Actual (B) (A–B) Revenue growth 22 11 12 New domains 14 9 5 and new domains Maintenance and 12 11 2 C
Slide 20: Dividend Payment
9. Dividend Payment We believe that stable dividends are the basis for meeting shareholders’ expectations; therefore, we will continue to pay dividends twice a year, an interim dividend of 25 yen and a year-end dividend of 25 yen, while striving to ensure a stable management base by strengthening ou
Slide 21: Action to Implement Management Conscious of Cost of Capital and Stock Price
10. FY2022 Action to Implement Management that is Conscious of Cost of Capital and Stock Price [Our P/B ratio, or PBR, currently falls below 1.0x.] On March 31, 2023, the Listing Department of the Tokyo Stock Exchange released the “Action to Implement Management that is Conscious of Cost of Capital
Slide 22: FY2022 Initiatives: EV Infrastructure Solution
11. FY2022 Initiatives Enhance EV infrastructure solution to help create a low-carbon society Aiming for carbon neutrality by 2050, we are continuously working to reduce environmental impact throughout our corporate activities and offer products and services which help reduce environmental impact. I
Slide 23: FY2022 Initiatives: PPP/PFI Business
11. FY2022 Initiatives PPP/PFI Business Initiatives To date, we have received orders from local governments for projects to replace 77 public facilities with LEDs at once. Through this experience, we have honed our project management know-how by accumulating a track record of receiving publicly soli
Slide 24: FY2022 Initiatives: Overseas Business
11. FY2022 Initiatives Overseas Business Initiatives To achieve 10% or more of net sales from overseas business by 2030, we promote “out-in” and “out-out” sales development by establishing new overseas production bases and expanding existing ones, as well as deepening and expanding our EPC business.
Slide 25: FY2022 Initiatives: 3D Inspection Systems
11. FY2022 Initiatives 3D Inspection Systems We provide the market with 3D inspection systems that can inspect the height of microelectrodes (bumps) on semiconductor package substrates with micrometer-level accuracy and at high speed. In particular, the system is unrivaled and unique in the inspecti
Slide 26: FY2022 Initiatives: Smart Meter Business
11. FY2022 Initiatives Smart Meter Business FY2022 results of Toshiba Toko Meter Systems • Despite the impact on production of some electric smart meters in the previous fiscal year due to difficulties in the procurement of parts including semiconductors and prolonged lead time, the impact was limit
Slide 27: FY2022 Initiatives: 10th Anniversary Solution Fair
11. FY2022 Initiatives Held 2022 TAKAOKA TOKO 10th Anniversary Solution Fair October 1, 2022 marked the 10th anniversary of the business integration of the Company’s predecessor, Takaoka Electric Mfg. Co., Ltd., with Toko Electric Corporation, through the establishment of a joint holding company (th
Slide 28: FY2022 Initiatives: Human Resource Vitalization
11. FY2022 Initiatives Efforts for Human Resource Vitalization We consider the knowledge and abilities of people as capital (i.e., human assets) rather than resources (i.e., human resources). We believe that increasing and maximizing the value of these human assets through investment in human resour
Slide 29: Cautionary statement regarding the performance forecast
Cautionary statement regarding the performance forecast Performance forecasts in this document have been made based on information available as of its publication date, and actual operating results may differ from such forecasts due to various factors. Takaoka Toko Co., Ltd. 2023. All rights reserve