France Bed Holdings Co., Ltd. · TSE:7840
France Bed — FY2023 Earnings Presentation
41 slides from France Bed's earnings presentation, Jun 1, 2023
Slide 1: Financial Results Briefing for the Fiscal Year Ended March 31, 2023
Financial Results Briefing for the Fiscal Year Ended March 31, 2023 June 1, 2023 FRANCE BED HOLDINGS CO., LTD. https://www.francebed-hd.co.jp/ Securities Code: 7840 FRANCEBED HOLDINGS Co.,Ltd. All rights reserved.
Slide 2: Content
Content ◆ Topics ◆ FY2023 Business Performance Report ◆ FY2024 Business Performance Outlook （ Medium-Term Management Plan Progress ） ◆ Major Future Initiatives FRANCEBED HOLDINGS Co.,Ltd. All rights reserved. 2
Slide 3: Topics
Topics FRANCEBED HOLDINGS Co.,Ltd. All rights reserved. 3
Slide 4: Topics
１．Topics ・May 16 - August 31, 2022 【 Repurchase of treasury stock completed 】 ⇒ Number of shares acquired 420,000 shares （ Total amount 380 million yen ） ・April 28, 2023 【 Notice Concerning Establishment of the Sustainability Committee 】 ⇒The Company established the Sustainability Committee on May 1
Slide 5: FY2023 Business Performance Report
FY2023 Business Performance Report FRANCEBED HOLDINGS Co.,Ltd. All rights reserved. 5
Slide 6: FY2023 Consolidated Business Performance
１．FY2023 Consolidated Business Performance ● Increased sales and profit, and achieved plan for all items FY2023 FY2022 Plan achievement Year-on-year (Million yen) Plan (Note) Results rate change (%) Net sales 54,398 57,500 58,578 101.8％ ＋7.6％ Cost of sales 25,398 ― 27,384 ― － Cost of sales ratio 46.
Slide 7: FY2023 Results by Segment
２．FY2023 Results by Segment ● Increased sales and profit in the Medical Services Business and the Home Furnishings and Health Business FY2023 FY2022 Plan achievement Year-on-year (Million yen) Plan Results rate change (%) Medical Net sales 34,484 37,500 38,053 101.4％ +10.3％ Services Segment profit 2
Slide 8: FY2023 Summary of the Medical Services Business
３．FY2023 Summary of the Medical Services Business FY2022 FY2023 Year-on-year Composition Composition Change (Million yen) Results ratio Results ratio Change (%) (amount) Consolidated net sales 34,484 ― 38,053 ― ＋3,568 +10.3％ FRANCE BED CO., LTD. 32,505 93.3% 34,528 89.7％ +2,023 +6.2％ Nursing care-re
Slide 9: Factors behind Changes in Ordinary Profit in the Medical Services Business
４．Factors behind Changes in Ordinary Profit in the Medical Services Ⅰ・平成28年３月期決算概況 Business Increase in profit Increase in profit Decrease in profit Decrease in profit associated with associated with associated with related to change in increase in net improvement in increase in selling, non-operati
Slide 10: FY2023 Summary of the Home Furnishings and Health Business
5. FY2023 Summary of the Home Furnishings and Health Business FY2022 FY2023 Year-on-year (Million yen) Composition Results Results Composition ratio Change (amount) Change (%) ratio Consolidated net 19,419 100% 19,949 100% +530 +2.7％ sales Consolidated ordinary 1,117 5.7％ 1,141 5.7％ +23 +2.1％ profit
Slide 11: Factors behind Changes in Ordinary Profit in Home Furnishing and Health Business
６. Factors behind Changes in Ordinary Profit Ⅰ・平成28年３月期決算概況 in the Home Furnishing and Health Business Increase in profit Decrease in profit Decrease in profit Increase in profit associated with associated with Due to increase related to change in （Million yen） improvement in cost in SG&A expenses n
Slide 12: FY2023 Consolidated Balance Sheet
7. FY2023 Consolidated Balance Sheet End of FY2022 End of FY2023 Compared to the end of （ Million yen ） (As of March 31, 2022) (As of March 31, 2023) FY2022 Current assets 31,159 32,966 +1,806 Non-current assets 33,128 31,680 ▲1,448 Total assets 64,298 64,679 +381 Current liabilities 19,174 16,721 ▲
Slide 13: FY2023 Status of Cash Flows
8. FY2023 Status of Cash Flows Net increase Cash and cash Cash and cash Cash flows from Cash flows from Cash flows from (decrease) in equivalents at equivalents at end operating activities investing activities financing activities cash and cash （ Million yen ） beginning of period of period equivalen
Slide 14: FY2024 Business Performance Outlook
FY2024 Business Performance Outlook FRANCEBED HOLDINGS Co.,Ltd. All rights reserved. 14
Slide 15: Changes in Consolidated Business Performance
1. Changes in Consolidated Business Performance ■Changes in consolidated business performance during the period of the previous medium-term management plan and the period of the current medium-term management plan Period of the previous medium-term Period of the current medium-term management plan m
Slide 16: Performance by Segment
２．Performance by Segment ■ Medical Services Business Period of the previous medium-term Period of the current medium-term management plan management plan FY2024 （Million Yen） FY2019 FY2020 FY2021 FY2022 FY2023 (Reference: Targets at （Plan） the time of formulation) Net sales 29,744 31,235 32,839 34,4
Slide 17: FY2024 Consolidated Business Performance Forecast
３．FY2024 Consolidated Business Performance Forecast ■Consolidated income plan Year-on-year Year-on-year FY2023 Results FY2024 Plan change change (%) (amount) (Million yen) Net sales 58,578 60,500 +1,921 +3.2% Operating profit 4,481 4,850 +368 +8.2% Profit ｍargin 7.6% 8.0% － +0.4P Ordinary profit 4,4
Slide 18: FY2024 Business Performance Forecast by Segment
４．FY2024 Business Performance Forecast by Segment ■Income plan by segment Year-on- Year-on- FY2023 Results FY2024 Plan year change year change (Million yen) (amount) (%) Net sales 38,053 39,500 +1,447 +3.8% Medical Services Business Ordinary profit 3,363 3,600 +237 +7.0％ Profit margin 8.8% 9.1% － －
Slide 19: Outlook and Main Initiatives in the Medical Services Business
５．Outlook and Main Initiatives in the Medical Services Business Net sales (Million yen) 39,500 【FY2024 Full-year plan】 38,053 Net sales：39,500million yen (+1,447 million yen, +3.8% YoY) +1,447Million yen （+3.8％） Ordinary profit：3,600million yen (+237 million yen, +7.0% YoY) Major initiatives FY2023
Slide 20: Outlook and Main Initiatives in the Home Furnishings and Health Business
６．Outlook and Main Initiatives in the Home Furnishings and Health Business Net sales （ Million yen ） 20,500 【 FY2024 Full-year plan 】 19,949 Net sales: 20,500million yen (+551 million yen, +2.7% YoY) +551 Million yen Ordinary profit: 1,250million yen （+2.7％） (+109 million yen, +9.5% YoY) Major initi
Slide 21: Capital Investments
７．Capital Investments FY2021 FY2022 FY2023 Full-year Results Full-year Results Full-year Plan (Million yen) Rental assets 4,554 3,759 4,300 Capital investment amount Equipment for manufacturing and distribution 318 293 400 Service centers 1,386 119 880 Acquistion of software 180 426 180 Other 223 31
Slide 22: Dividends
８．Dividends ■Changes in dividends per share and payout ratio （%） Consolidated payout ratio 71.6 (Forecast) 80 47.5 48.1 44.8 60 50.1 40 20 38.0 Dividends per share (Yen) Year-end Interim (Forecast) Annual 36.0 33.0 30.0 Year- 28.0 20.0 21.0 end 18.0 （Planned） (Forecast) 14.0 16.0 16.0 17.0 Interim 1
Slide 23: Major Future Initiatives
Major Future Initiatives １．Development of rentals for all businesses ２．Development of new products ３．Development of new services ４．Development of dedicated tools to increase profit margins ５．Overseas expansion FRANCEBED HOLDINGS Co.,Ltd. All rights reserved. 23
Slide 24: Furniture and Appliance Rental for Homes for the Elderly
1. Development of rentals for all businesses＿Furniture and Appliance Rental Begin “Furniture and Appliance Rental” Service for Homes for the Elderly with Paid Nursing Care Services Make possible refinancing in accordance with tenants’ situations and the reduction of disposal costs, such as when relo
Slide 25: Corporate Rental Service for Hotels and Inns
1. Development of rentals for all businesses_Rentals for Hotels and Inns Begin “Corporate Rental” Service for Hotels and Inns Enhancement of the added value of guest rooms by utilizing the rental service Mattress Bed-type massage containing reclining feature machine “Looper Move” “RAMIDUS” Motorized
Slide 26: Corporate Rental Services for Hospitals and Elderly Care Homes
1. Development of rentals for all businesses_Corporate & Long-Term Rentals Strengthening of “Corporate Rental” Services for Hospitals and Intensive Care Homes for the Elderly Bedside Multi-position bed information tablet Bedside information tablet Powered turning bed FRANCEBED HOLDINGS Co.,Ltd. All
Slide 27: New Nursing-care Bed RaKuDa for Welfare Equipment Rental
２．Development of new products_Medical Services Business New Market Entry for New Nursing-care Bed “RaKuDa” for Regional and Local Welfare Equipment Rental Business Operator Customers Expansion of B to B sales! New entry of home nursing-care bed that can be assembled alone Scheduled to launch in Augu
Slide 28: New Hospital Beds and Sleep Analysis Sensors
２． Development of new products_Medical Services Business (Corporate division) New Market Entry for “Hospital Beds” and “Sleep Analysis Sensors” for Hospitals and Facilities for the Elderly New entry for beds that satisfy the New entry of sensor that makes it specifications required by flagship possi
Slide 29: IoT Compatible Electric Reclining Bed for Young Customers
２． Development of new products_Medical Services Business New Market Entry for IoT Compatible Electric Reclining Bed for Single, Young Customers and New Families Invokes new demand for motorized beds for young households due to IoT compatibility Tuya platform Appliance manufacturer Lighting Temperatu
Slide 30: Start of Regional Service to Purchase Down Quilts
３． Development of new services _ Home Furnishings and Health Business Start of Regional Service to Purchase Down Quilts We will purchase down quilts with compensation regardless of manufacturer! They will be restored and sold to inns, etc. Bring to us for purchase Our showrooms Disassembly Sale & wa
Slide 31: Dedicated Tools to Enhance Maintenance Efficiency for Welfare Equipment
4. Enhance profit margins for existing businesses_Medical Services Business Development of Dedicated Tools to Enhance Maintenance Efficiency for Welfare Equipment FRANCEBED HOLDINGS Co.,Ltd. All rights reserved. 31
Slide 32: Initiatives for Overseas Businesses as a Future Growth Driver
５．Overseas expansion Initiatives for Overseas Businesses as a Future Growth Driver Market development in Hong Kong and Singapore, where the aging of the population is advancing, starting with rentals, which have been cultivated in Japan’s nursing care market Overseas division sales （ Million yen ） 5
Slide 33: Reference Materials
Reference Materials FRANCEBED HOLDINGS Co.,Ltd. All rights reserved.
Slide 34: Summary of the Company (Pure Holding Company)
Summary of the Company (Pure Holding Company) Summary of FRANCE BED HOLDINGS CO., LTD. Trade Name FRANCE BED HOLDINGS CO., LTD. Location 5th Floor, Shinjuku Square Tower, 6-22-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo Established March 30, 2004 Capital 3.0 billion yen Representative Shigeru Ikeda, Repres
Slide 35: Status of Group Companies
Status of Group Companies (As of March 31, 2023) FRANCE BED HOLDINGS CO., LTD. JIANGSU FRANCE BED CO., LTD. FRANCE BED CO., LTD. (Chinese subsidiary) HOMECARE FRANCE BED FRANCE BED FRANCE BED SALES TOKYO BED TSUBASA KASHIDASU SERVICE MEDICAL SERVICE FURNITURE CO., LTD. CO., LTD. CO., LTD. CO., LTD.
Slide 36: Distribution Structure for Welfare Equipment Rental Business
Distribution Structure for Welfare Equipment Rental Business, and the Company's Business Domains <The Company's business domains> Welfare equipment and nursing care products manufacturers ・ FRANCE BED CO., LTD., other companies （ Sale ） （ Sale ） Welfare equipment rental business Rental wholesalers o
Slide 37: Welfare Equipment Rental Service
Welfare Equipment Rental Service This is a rental service of welfare equipment that aids in daily life and nursing care. The service can be used with self-pay equivalent of 10% (Note) of welfare equipment rental costs. ● Flow of the welfare equipment rental service 4. Product rental Confirmation of
Slide 38: FY2023 Summary of Financial Results by Segment
FY2023 Summary of Financial Results by Segment Net sales and composition ratio by segment Medical Services Business 38,053 million yen FY2023 (composition ratio 64.9 %) Consolidated net sales Home Furnishings and Health Business 19,949 million yen 58,578 (composition ratio 34.0 %) million yen Other
Slide 39: Changes in Long-Term Care Benefit Expenditures for Welfare Equipment Rental
Changes in Long-Term Care Benefit Expenditures, etc. for Welfare Equipment Rental Service Benefit expenditures Benefit expenditures Benefit expenditures/year-on-year change Year-on-year (Unit: 100,000) Change in benefit expenditures by item (Unit: 100,000) 400,000 Units (Total) 120.0% 120,000 350,00
Slide 40: Our stock price
Our stock price （ Comparison with Nikkei Stock Average _ As of March 31, 2023 ） (yen) （Nikkei Stock Average） （Our stock price） 1,100 1,065 30,000.00 （high price） 1,058 1,050 29,000.00 1,000 28,041 28,000.00 27,666 950 27,000.00 900 876 26,000.00 850 860 （low price） 25,000.00 800 our company Nikkei S
Slide 41: Postscript
Postscript (Inquiries) Administrative Planning Department Email: ir@francebed-hd.co.jp Notes on the Future Outlook This presentation contains forward-looking statements, including forecasts, beliefs, expectations, intentions, and strategies of the Company. These are grounded in judgments and assumpt