Sankyo Co., Ltd. · TSE:6417
Sankyo — H1 FY3/2014 Earnings Presentation
26 slides from Sankyo's earnings presentation, Nov 7, 2013
Slide 1: Presentation on Business Results for the First Six Months of FY 3/2014
Presentation on Business Results ２０１４年３月期 for the First Six Months of FY 3/2014 (April 1, 2013 to September 30, 2013) 第２四半期 第 四半期 決算説明会 Kimihisa Tsutsui President & Chief Operating Officer 平成２５年１１月７日 November 7, 2013 at Bellesalle Yaesu 1st Sec. of the TSE #6417 Current Price: ¥4,560 (November1, 201
Slide 2: Overview of the First Six Months of FY 3/2014
２０１４年３月期 第２四半期 総括 Overview of the First Six Months of FY 3/2014
Slide 3: Business Results for the First Six Months of FY 3/2014 (Highlights)
２０１４年３月期 第２四半期実績 Business Results for the First Six Months of FY 3/2014 / (Highlights) ( g g ) FY 3/2013 FY 3/2014 YoY million yyen 6 Months 6 Months 売上高 53,782 104,666 +50,884 Net Sales +94.6% 営業 益 営業利益 6,952 26,415 +19,463 19 463 Operating Income +280.0% 経常利益 7 668 7,668 27 423 27,423 +19,755 19,7
Slide 4: Game Machines Sales Results
遊技機 販売実績 Game Machines Sales Results FY 3/2013 FY 3/2014 YoY 6 Months 6 Months パチンコ機 Pachinko Machines 89,097 210,742 +121,645 +136.5% SANKYO+JB 56,128 130,503 +74,375 74 375 +132.5% Bisty 32 969 32,969 80 239 80,239 +47,270 47,270 +143.4% パチスロ機 機 38 808 38,808 52 761 52,761 +13,953 Pachislot Machin
Slide 5: Progress up to the First Six Months of FY 3/2014
２０１４年３月期 第２四半期の進捗状況 Progress g up p to the First Six Months of FY 3/2014 / Q1 Q2 売上高 N t Sales Net S l 104,666 52.3% 200,000 million yen en 営業利益 Operating Income 82.5% 26,415 32,000 経常利益 Recurring Income 80.7% 27,423 34,000 当期純利益 Net Income 84.3% 21,080 25,000 パチンコ機 Unit Sales of Pachinko Machines 2
Slide 6: Number of Pachinko/Pachislot Titles to be Released
販売予定タイトル数 Number of Pachinko/Pachislot / Titles to be Released FY 3/2014 Q1 Q2 Q3 Q4 Pachinko (Excluding Reused Models) Fever Mobile Suit GUNDAM Evangelion 8 Fever Slayers Revolution Evangelion 8 Y Beyond the Heavens Slonko Flower TEKKEN （リユースを除く） Magicape g p 10+1 titles Ghost Neo Ghost Neo Reused
Slide 7: Net Sales
連結売上高 Net Sales ２０１３年３月期 FY 3/2013 1st Six Months ２Ｑ累計期間 (Apr-Sep) 53,782 （（４月-９月） 月 月） パチンコ機関連事業 Pachinko Machines Business +46,436 パチスロ機関連事業 Pachislot Machines Business +7,035 補給機器関連事業 Ball Bearing Supply Business -2,137 その他の事業 Other Businesses -450 ２０１４年３月期 FY 3/2014 1st Six Months ２Ｑ累計期間 (Apr-Se
Slide 8: Sales of Pachinko Machines Business
パチンコ機関連事業売上高 Sales of Pachinko Machines Business ２０１３年３月期 FY 3/2013 1st Six Months ２Ｑ累計期間 (Apr-Sep) 29,948 （（４月-９月） 月 月） ＳＡＮＫＹＯ＋ＪＢパチンコ機の数量増加 Sales volume of SANKYO-brand and JB-brand pachinko machines increases. +24,656 ＳＡＮＫＹＯ＋ＪＢパチンコ機の価格上昇 Unit price of SANKYO-brand and JB-brand pachinko machines in
Slide 9: Sales of Pachislot Machines Business
パチスロ機関連事業売上高 Sales of Pachislot Machines Business ２０１３年３月期 FY 3/2013 1st Six Months ２Ｑ累計期間 (Apr-Sep) 12,154 （（４月-９月） 月 月） ＳＡＮＫＹＯパチスロ機の数量増加 Sales volume of SANKYO-brand pachislot machines increases. +7,541 ＳＡＮＫＹＯパチスロ機の価格上昇 Unit price of SANKYO-brand pachislot machines increases. +706 Ｂｉｓｔｙパチスロ機の数量減少
Slide 10: Operating Income
連結営業利益 Operating p g Income ２０１３年３月期 FY 3/2013 1st Six Months ２Ｑ累計期間 (Apr -Sep) 6,952 （（４月-９月） 月 月） パチンコ機売上総利益の増加 The gross margin of the pachinko machine sales increases. +22,514 パチスロ機売上総利益の増加 The gross margin of the pachislot machine sales increases. +3,467 広告宣伝費の増加 Advertising expenses increases.
Slide 11: Consolidated Statements of Cash Flows
連結キャッシュフロー Consolidated Statements of Cash Flows 現金及び 現金同等物の Cash and cash equivalents at beginning of the period 215,324 期首残高 税金等調整前四半期純利益 Income before income taxes and minority interests +27,378 売上債権の減少 Decrease in notes and accounts receivable - trade +2,820 営業活動によるキャッシュフロー たな卸資産の減少 Cash flows f
Slide 12: Current Situations and Initiatives
現況と取り組み Current Situations and Initiatives
Slide 13: Business Outlook: Still Challenging
事業環境の見通しは依然厳しい Business Outlook: Still Challenging g g パチンコDI調査 Pachinko Diffusion Index +70 パチスロ稼働状況 Pachislot machine utilization rate +0 全般的業況 Overall business conditions -21.9 -35.6 パチンコ稼働状況 Pachinko machine utilization rate -70 Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec 2011 2012 2013 Source:
Slide 14: Impact of the Consumption Tax Increase on Rental Balls
消費税率引き上げが貸玉料に与える影響 Impact p of the Consumption p Tax Increase on Rental Balls 上限貸出（外税） Lending at the maximum rate (t exclusive) (tax l i ) 1ball = 4.32 yen 4.00 11.1% 0.32 現行方式（内税） 1,080 Y 250 B Current method (tax inclusive) 232 B 1,000 , Y パ ラ が考える増税対応 パーラーが考える増税対応 1ball = 4.00 yen Pachinko parlo
Slide 15: Pachinko Rental Ball Fee Is Linked to Salary Workers' Allowance
市場（貸玉料）は「サラリーマンの小遣い」に連動 Pachinko Rental Ball Fee Is Linked to Salaryy Workers’ Allowance 21 7 21.7 21.0 19.3 18.8 19.1 アベノミクス効果に期待 45.8 45.7 Expect benefits from 41.9 38.8 ３9.7 the impact p of Abenomics 25.3 25.2 25.7 24.8 パチンコ貸玉料（兆円） 20.8 P hi k Rental Pachinko R l Ball B ll Fee F (trill. ( ill yen
Slide 16: Pachinko/Pachislot Industry Vitalization Project
遊技産業活性化プロジェクト Pachinko/Pachislot / Industryy Vitalization Project j パーラー、メーカー、商社等業界を横断する団体 Cross-sector organization involving pachinko parlor operators, pachinko machine manufacturers, trading companies, and others related to the pachinko/pachislot industry 日遊協 Nichiyukyo 1. ファンの創出 の創出 Cultivating
Slide 17: Dividend Policy
配当方針 Dividend Policyy 安定配当 定 Stable dividend 公約配当性向25％ Commitment to 25% payout ratio FY 3/2014 上場以来 減配がない DPS 150 yen No dividend cut since the listing g 中間配当を含む Including interim dividend 16
Slide 18: Appendix
付属資料 Appendix
Slide 19: Business Results for the First Six Months of FY 3/2014
２０１４年３月期 第２四半期実績 Business Results for the First Six Months of FY 3/2014 / FY 3/2013 FY 3/2014 Forecast (6-Aug) FY 3/2013 FY 3/2014 連結：百万円 Consolidated: million yen 6 Months 6 Months YoY 6 Months Change Full Year Q1 Q2 Q3 Q4 Q1 Q2 売上高 売 高 Net Sales 53,782 104,666 +50,884 102,000 +2,666 200,000 22,864
Slide 20: Pachinko Machines Business
パチンコ機関連事業 Pachinko Machines Business FY 3/2013 FY 3/2014 Forecast (6-Aug) FY 3/2013 FY 3/2014 連結：百万円 Consolidated: million yen 6 Months 6 Months YoY 6 Months Change Full Year Q1 Q2 Q3 Q4 Q1 Q2 売上高 Net Sales 29 948 29,948 76 384 76,384 +46 436 +46,436 74 900 74,900 +1 484 +1,484 127 000 127,000 10 89
Slide 21: Pachislot Machines Business
パチスロ機関連事業 Pachislot Machines Business FY 3/2013 FY 3/2014 Forecast (6-Aug) FY 3/2013 FY 3/2014 連結：百万円 Consolidated: million yen 6 Months 6 Months YoY 6 Months Change Full Year Q1 Q2 Q3 Q4 Q1 Q2 売上高 Net Sales 12,154 19,189 +7,035 18,500 +689 55,100 5,705 6,449 195 15,473 15,327 3,862 営業利益 Operating I
Slide 22: Gross Margin/Operating Margin
売上総利益率／営業利益率 Gross Margin/Operating g / p g Margin g FY 3/2013 FY 3/2014 Forecast (6-Aug) FY 3/2013 FY 3/2014 連結 Consolidated 6 Months 6 Months YoY 6 Months Change Full Year Q1 Q2 Q3 Q4 Q1 Q2 売上総利益率 Gross Margin 51.0% 50.3% -0.7pt 50.0% +0.3pt 45.0% 47.7% 53.4% 36.8% 46.1% 50.1% 50.6% 営業利益率 Operatin
Slide 23: Game Machine Market
遊技機市場 Game Machine Market 4,000 全日遊連加盟パーラーの状況 Situation of Parlors that Are Members of Zennichiyuren 営業中の店舗数 3,500 No. of outlets currently in operation 3,339 3,332 11,167 11,155 11,177 11,171 11,137 11,089 11,093 11,069 11,040 11,042 11,033 10,994 3,000 3,158 3,163 3 076 3,076 3,107 , 3,042 2,900 2
Slide 24: Number of Titles Sold (All Manufacturers)
販売タイトル数推移（全メーカー） Number of Titles Sold ((All Manufacturers)) パチンコ機 Pachinko Machines CY2008 107 ・１タイトル当たり販売台数 １タイトル当たり販売台数 2011年度：24,327台（2,603千台÷107） 2009 102 2012年度：23,528台（2,494千台÷106） ・Sales per title 2010 121 CY2011: 24,327 units (2,603,000 units/107) CY2012: 23,528 units (2,494,000 units/106)
Slide 25: Compliance with Format Inspection
型式試験適合状況 Compliance p with Format Inspection p パチンコ機 Pachinko Machines アレンジ、じゃん球含む including Arrange Ball,Jong-Kyu CY2008 2009 2010 2011 2012 2013 J-S 受付 Applicant 506 637 658 614 598 368 適合 Pass 374 537 544 536 534 307 不適合 Fail 98 134 112 69 87 52 SANKYO+JB 19 40 25 21 30 21 Bisty 8 13 9 12 6 7 SAN
Slide 26: Contact: IR Office
【お問い合わせ】 経営企画部 ＩＲ室 03-5778-7773 ir desk@sankyo fever co jp ir-desk@sankyo-fever.co.jp