Take And Give. Needs Co., Ltd. · TSE:4331
Take And Give. Needs — FY2013 Earnings Presentation
31 slides from Take And Give. Needs's earnings presentation, May 24, 2013
Slide 1: Briefing Materials for FY Ended March 31, 2013
| Q € aieeecmcuca ty E NEEDS TAKE AND GIVE. NEEDS Co., LTD. Briefing Materials for FY Ended March 31, 2013
Slide 2: Disclaimer and forward-looking statements
This material is intended to provide information about the business performance and strategy of Take and Give. Needs Co., Ltd. (T&G). It is not intended to be and should not be construed as an inducement to purchase or sell stock in T&G. Statements in this presentation and at any explanatory meeting
Slide 3: Agenda
I. Results of the FY Ended March 2013 P4-17 cd 1. Summary of Results PS (eo 2. Full-year earnings forecasts and results P6 3 3-1. Consolidated Financial Results P7-13 z 3-2. Consolidated Balance Sheets P14-15 2 3-3. Consolidated Cash Flow Statements P16 . 4. Dividends of Surplus P17 < I. 153P Progre
Slide 4: Results of the FY Ended March 2013
Results of the FY Ended March 2013
Slide 5: Summary of Results
Let me begin by presenting a summary of results of the fiscal year ended March 2013. We launched our growth strategy in this fiscal year, the first in the three-year medium-term business plan “153P” (announced on February 3, 2012), and initiated a range of measures. As a result, earnings were stea
Slide 6: Full-year earnings forecasts and results
We will explain full-year forecasts and earnings. Performance was strong at T&G directly operated venues, with earnings exceeding the full-year earnings forecasts released on February 13, 2013. The details are as follow: (Figures in parentheses are comparison to revised forecasts released on Febr
Slide 7: Consolidated financial results outline
Now we would like to explain the outline of our consolidated financial results. Both sales and income exceeded forecasts in this fiscal year, and were also up year on year. Net sales were ¥52,804 million, an increase of ¥4,821 million or 10.0% year on year, for the highest level to date. While g
Slide 8: Factors behind increase in consolidated sales
We will explain the primary factors behind the increase in consolidated sales in this fiscal year. The graph shows the factors behind the increase in sales in FY Mar-2013 and the scale from FY Mar-2012. The major three factors were as follows. First, the number of directly operated venues and un
Slide 9: Sales and share by business segment
We would like to explain fluctuations in sales and sales share by business segment. We are steadily pursuing our three-year medium-term business plan, "153P," which has three priority strategies. The first is to strengthen directly operated venues. This is our mainstay business, accounting for ab
Slide 10: Domestic wedding business
Continuing on, here is what is happening in our domestic wedding business. In directly operated venues, pursued differentiation through its completely original wedding concept, the “One Heart Wedding.” The number of weddings handled rose 4.5% year on year to 10,181, a record high that can be attri
Slide 11: Overseas and resort wedding business
Continuing on, we would like to discuss the overseas and resort wedding business. The number of resort weddings handled continued to increase as a result of the successful expansion of our sales network, and in particular, our mainstay Hawaii was strong. T&G's own chapel, The Moana Chapel, opened
Slide 12: Gross profit and operating income
We would now like to explain certain items related to gross profit and operating income. Due to the increase of net sales, gross profit increased by ¥2,697 million year on year, to ¥28,499 million. The improvement in the profit ratio can also be attributed to higher sales from Bride's word and res
Slide 13: Ordinary income and net income
We would now like to talk about ordinary income and net income. Looking at the breakdown of net non- operating income/loss, interest paid declined by ¥109 million (down 22%) year on year due to the decrease in interest-bearing debt and a decline in interest rates. Ordinary income rose 54.9% year
Slide 14: Consolidated balance sheets: assets
Now let me touch on the asset side of the consolidated balance sheets. Total assets at the end of the fiscal year had increased ¥3,120 million compared to the end of the previous fiscal year, to ¥46,510 million. The following are the three main factors behind these changes. First, the consolidat
Slide 15: Consolidated balance sheets: liabilities and net assets
Now we will discuss the liabilities and net asset side of the consolidated balance sheets. The balance of interest-bearing liabilities rose ¥246 million to ¥17.8 billion compared to the end of the previous fiscal year. When excluding interest-bearing liabilities related to Bride's word, the balanc
Slide 16: Consolidated cash flow statement
We will take this opportunity to explain the consolidated cash flow statement. Cash flows from operating activities amounted to ¥3,870 million, cash flows from investing activities were ¥2,197 million and cash flows from financing activities were ¥2,377 million. Cash used in investing activities
Slide 17: Dividends of surplus
We would like to explain dividends of surplus at the end of the fiscal year ended March 2013. The Group's basic policy is to return profits to all of our shareholders with appropriate levels of stable dividend payments, while making investments to ensure the Company's ongoing growth. In light of
Slide 18: 153P Progress and Plans FY Ending March 2014
153P Progress and Plans FY Ending March 2014 *153P: Three-Year Medium-Term Business Plan for FY Ended March 2013 to FY Ending March 2015 *Announced on February 3, 2012 For details, please see: http://pdf.irpocket.com/C4331/oWM7/VU71/JVyi.pdf
Slide 19: Numerical goals for the final fiscal year of 153P
We have already released our three-year medium-term business plan 153P*, but will once again explain the numerical targets for the final fiscal year. Our goal is to reach ¥60 billion in net sales, ¥4.8 billion in operating income (operating profit margin of 8%), and ¥2.5 billion in net income in t
Slide 20: Role of FY ending March 2014
We will explain the role of the fiscal year ending March 2014. As the second year of the three-year medium-term business plan, the fiscal year ending March 2014 is dedicated to solidifying the achievement of 153P. As a result of the consolidation of Bride's word, results in the fiscal year ended
Slide 21: Priority measures for FY ending March 2014
We would like to explain our priority measures for the fiscal year ending March 2014. We will take various measures to strengthen directly operated venues in order to sustain the steady growth of earnings at existing venues. Moreover, Bride's word was consolidated in December 2012 and will make co
Slide 22: Overseas strategy
We will explain the aforementioned priority measures in greater detail here, starting with our overseas strategy. We are currently focusing our expansion of wedding production in Asia in Shanghai. The majority of the wedding receptions that T&G produces are held at famous luxury hotels, winning a
Slide 23: Expansion of hotel wedding contract operations
Next, we will explain the expansion in our hotel wedding contract operations. In the fiscal year ended March 2013, we began affiliations with Novotel Koshien (Nishinomiya, Hyogo prefecture) and The Crown Palace New Hankyu Kochi (the former Kochi New Hankyu Hotel) (Kochi, Kochi prefecture), and mad
Slide 24: Reinforcing directly operated venues
Finally, we will explain how we will reinforce directly operated venues. We introduced an regional management system in the previous fiscal year, which has yielded solid results through thorough measures tailored to the characteristics of each region. In order to build on this effect, we strengthe
Slide 25: Consolidated earnings forecasts for FY ending March 2014
Given these factors, consolidated full-year earnings forecasts for the fiscal year ending March 2014 are as follows. ¥58,000 million in sales (up ¥5,195 million year on year) ¥3,400 million in operating income (up ¥567 million year on year) ¥3,000 million in ordinary income (up ¥540 million year on
Slide 26: Forecasts for domestic wedding business indicators
Next, we will describe our forecasts for the main indicators in the domestic wedding business. We forecast that directly operated venues, including Bride's word, will handle 11,500 weddings, an increase of 1,032 weddings year on year. Given that Bride's word will contribute to full- year earnings
Slide 27: Dividend Forecast FY Ending March 2014
Dividend Forecast FY Ending March 2014
Slide 28: Dividend forecast for FY ending March 2014
We will explain our dividend forecasts for the fiscal year ending March 2014. Given the need to make investments to achieve medium- and long-term growth in line with our basic policy of providing appropriate and stable dividends, we plan to make annual dividends of ¥120 per share, the same levels
Slide 29: Stock split and adoption of share unit system
We will explain the stock split and the adoption of a share unit system. In accordance with the “Action Plan for Consolidating Trading Units” announced by stock exchanges of Japan (announced on November 27, 2007), the Company will adopt a share unit system and change the share trading unit to 100
Slide 30: Purchase of own shares
We will explain our purchase of own shares. We will purchase own shares so that we can carry out flexible capital measures tailored to changes in the business environment. The total number of shares that the Company can purchase is equivalent to 0.9% of outstanding shares, or 12,000 shares (maxim
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