Takamiya Co., Ltd. · TSE:2445
Takamiya — Q1 FY03/2021 Earnings Presentation
25 slides from Takamiya's earnings presentation, Aug 25, 2020
Slide 1: Summary of Consolidated Financial Results for the Three Months Ended June 30, 2020
Summary of Consolidated Financial Results for the Three Months Ended June 30, 2020 Takamiya Co., Ltd. Notice: This document is an excerpt translation of the original Japanese Grand Front Osaka Tower-B Bldg. 27F, document and is only for reference purposes. 3-1, Ofuka-cho, Kita-ku, Osaka 530-0011, Ja
Slide 2: Agenda
Agenda Topics Description of consolidated performance of the fiscal year ended June 30, 2020 2020/08/25 Page 2
Slide 3: Company Overview of Takamiya Co., Ltd.
Company Overview of Takamiya Co., Ltd. Trade name Takamiya Co., Ltd. Incorporation June 21, 1969 Representative Representative director, Kazumasa Takamiya Capital 1,050,114,385 yen Number of employees Consolidated : 1,342; Non-consolidated : 724 (As of end-June, 2020) Registered head office Grand Fr
Slide 4: Topics
Topics Notice of Changes in Directors and Notice of the 52nd Ordinary General Jun. 25, 2020 Meeting of Shareholders Officers 52th Ordinary General Meeting of Shareholders Jun. 25, 2020 Notice Regarding the Granting of Stock Options (“Subscription rights to shares”) to Director Jun. 25, 2020 Notice o
Slide 5: 1. Summary of consolidated performance: Business overview
1. Summary of consolidated performance 1.1 Business overview In the sales business segment, although our customers showed continuously strong demands for the next-generation scaffolding, there was a tendency that some of them withhold their decision to purchase because of recent situations of unce
Slide 6: 1.2 Cumulative period consolidated results
1. Summary of consolidated performance 1.2 Cumulative period (from April 2020 to June 2020) Consolidated Results （Unit：million yen） 1Q FY03/2021 Forecast 1Q FY03/2021 Results 1Q FY03/2020 Results % change (Non-Disclosure) Sales ratio Sales ratio Sales ratio (y/y) Net sales － － 9,660 100.0% 10,161 10
Slide 7: 1.3 Factors of increase/decrease in net sales and operating income
1. Summary of consolidated performance 1.3 Factors of increase/decrease in net sales and operating income Net sales Decreased by 500 million yen (down 4.9% YoY): It decreased in Sales business and Overseas business, whereas slightly increased in Rental business. Operating income Decreased by 74
Slide 8: 1.4 EBITDA
1. Summary of consolidated performance 1.4 EBITDA(Operating income + Depreciation) Main cause of decrease by 51 million yen YoY is decrease in operating income. Depreciation remained mostly level. (3.0)% (y/y) (Unit : million yen) 2020/08/25 Page 8
Slide 9: 1.5 Performance by segment
1. Summary of consolidated performance 1.5 Performance by segment Sales business and Segment profit Net sales Overseas business have (sales ratio) suffered from decreased 1Q 1Q % change 1Q 1Q % change Unit : million yen revenues due to the new FY03/2020 FY03/2021 y/y FY03/2020 FY03/2021 y/y corona
Slide 10: 2. Sales business: Factors of increase/decrease YoY
2. Sales business 2.1 Factors of increase/decrease YoY Net sales: (434) million yen (decreased) Although there are much inquiries as before, recent economic situations have not led to successful business deals, resulting in lower net sales. Operating income: (22) million yen (decreased) (13.9)% (7
Slide 11: 2.2 Net sales by product field
2. Sales business 2.2 Net sales by product field Although our customers showed continuously strong demands for the next-generation scaffolding, there was a tendency that some of them withhold their decision to purchase because of recent situations of uncertainty for the future. 10,158 3,141 Mounting
Slide 12: 2.3 Prevalence of the Iq System
2. Sales business 2.3 Prevalence of the Iq System Sales of the Iq System decreased by 12.3% ((98) million yen) YoY. Despite receiving much inquiries, it takes longer time than before to enter into contracts. Iq System : 6,650,000m2 Sales performance of Iq System 4,294 [assets for rent] 2,900,000m2 [
Slide 13: 2.4 Prevalence of the Iq System
2. Sales business 2.4 Prevalence of the Iq System Iq-system：8,850,000㎡ Competitors also have shifted to the next-generation scaffolding, and its Ours：6,650,000㎡ Others： 2,200,000㎡ popularization became faster in the industry. (Unit：million ㎡) Prevalence of the Iq System (Our sales + Rental asset) 64
Slide 14: 3. Rental business: Factors of increase/decrease YoY
3. Rental business 3.1 Factors of increase/decrease YoY Net sales: +78 million yen (increased) Although many construction works w ere suspended/postponed in Tokyo metropolitan area, steady growth in o ther areas contributed to slight increa se in net sales. Operating income: (113) million yen (dec
Slide 15: 3.2 Trend of average equipment utilization rates
3. Rental business 3.2 Trend of average equipment utilization rates * Trend of utilization rates looks like a mountain with its peak at the 3Q each year * Utilization rate = rented amount / overall holdings Equipment utilization rates have shown a trend different from previous years because of, for
Slide 16: 3.3 Ratio of Sales by Area
3. Rental business 3.3 Ratio of Sales by Area Kanto/Tohoku blocks have seen slowdown affected by suspension/postponement of construction works due to the new coronavirus; whereas other blocks maintained steady growth. FY03/2019 FY03/2020 1Q FY03/2021 4.0% 3.9% 3.7% 12.1% 13.0% 13.5% Tohoku 26.6% 27.
Slide 17: 4. Overseas business: Factors of increase/decrease YoY
4. Overseas business 4.1 Factors of increase/decrease YoY Net sales: (184) million yen (decreased) In Korea, net sales decreased becaus e of, for example, worsened economic environment and decision to withhold supplying to customers having credit u ncertainty. Operating income: plus 7 million yen
Slide 18: 4.2 Sales Ratio by Segment
4. Overseas business 4.2 Sales Ratio by Segment Overseas business segment has put its efforts to improved profitable regime, leading to lower share in the Group's consolidated net sales. Overseas Overseas Overseas 16.9% 15.0% 13.5% Sales Sales Sales 26.5% 30.3% 31.4% FY03/2019 FY03/2020 1Q FY03/2021
Slide 19: 5. Change in Consolidated Balance Sheet
5. Change in Consolidated Balance Sheet Lower net sales caused lower accounts receivable - trade, so visible funds should be secured for the future (increased cash and deposit, increased liabilities). [Asset] Investments and other assets Intangible assets Property, plant and equipment Current assets
Slide 20: 6. Status of shareholder return
6. Status of shareholder return FY03/2021 FY03/2017 FY03/2018 FY03/2019 FY03/2020 (Forecast) Dividend 10 yen 11 yen 11 yen 14 yen 14 yen 1Q － － － － － 2Q 3.5 yen 4.0 yen 4.0 yen 6.0 yen 6.0 yen 3Q － － － － － 4Q 6.5 yen 7.0 yen 7.0 yen 8.0 yen 8.0 yen Total amount of 428 million yen 471 million yen 471
Slide 21: 7.1 IR
7. ESG information 7.1 IR • Video streaming of Financial Results Briefing (4 ~ 7 days after the Briefing) • Disclosure of English versions of Summary of Financial Results, Results Briefing Materials, and Timely Disclosure Release (partly) (7 ~ 10 days after disclosing Japanese version/TDnet) • Issua
Slide 22: 7.2 Human resource development
Such information is 7. ESG information publicized to visitors on a large signage 7.2 Human resource development Promoting "Human centered capitalism" style management and measures centered on human resources • Promoting in-house projects centered on mid-level/young employees • Incentive reward accor
Slide 23: Stock Price of TAKAMIYA (2445:Tokyo)
0 100,000 200,000 300,000 400,000 500,000 600,000 Apr-2010 Jul-2010 Oct-2010 Jan-2011 Apr-2011 Average daily trading volume Jul-2011 Oct-2011 Jan-2012 Apr-2012 average line of stock price. Jul-2012 Oct-2012 > Solid line is a 12 months moving Jan-2013 Apr-2013 Jul-2013 Oct-2013 Jan-2014 Apr-2014 Jul-
Slide 24: Changes in number of shareholders and shareholder composition
Changes in number of shareholders and shareholder composition FY03/2017 FY03/2018 FY03/2019 FY03/2020 Shareholders at the end of the period 3,395 3,058 2,923 4,092 Shareholder composition Government and local public entities 0.00 % 0.00 % 0.00 % 0.00 % Financial institutions 15.32 % 19.02 % 19.89 %
Slide 25: IR contact
IR contact HP Company name ： Takamiya Co., Ltd. Grand Front Osaka, Tower B, 27F, Address ： 3-1 Oofuka-cho, Kita-ku, Osaka, 530-0011, Japan For Investor HP ： https://www.takamiya.co/ For Investor ： https://www.takamiya.co/ir/ Japan Phone ： +81-(0)6-6375-3918 FAX ： +81-(0)6-6375-8827 CONTACT ： Takashi