Giken Ltd. · TSE:6289
Giken — H1 FY2021 Earnings Presentation
23 slides from Giken's earnings presentation, 2021
Slide 1: Financial Results Overview First Half of FY2021
Financial Results Overview First Half of FY2021 GIKEN LTD. 〈stock code : 6289 〉
Slide 2: Overview－Key Points
Overview－Key Points （１）Construction Machinery Segment • Change in preference for use of 900mm Hat Sheet Pile from 600mm U Sheet Pile in permanent domestic public works leads to strong sales of F301-900 pilers for Hat Sheet Pile. （２）Press-in Construction Segment • Implant methodologies were embraced
Slide 3: Overview－3 year Trend
Overview－3 year Trend Unit : Millions of JPY FY２０１９ FY２０２０ FY２０２１ FH Actual FH Actual YoY FH Actual YoY Net Sales 14,173 14,471 +2.1% 13,293 -8.1% Operating 3,209 2,491 -22.4% 2,169 -12.9% Profit Ordinary 3,253 2,532 -22.2% 2,220 -12.3% Profit Profit※ 2,284 1,688 -26.1% 1,446 -14.3% Profit per 84.71
Slide 4: Overview－Sales Result by Segment
Overview－Sales Result by Segment Unit : Millions of JPY 16,000 14,471 ◇ Machinery Segment 14,173 14,000 13,293 ＋384M JPY -1,563 ＋49.3% Sales of F301-900 for 12,000 3,796 5,668 -27.6% 900mm Hat Sheet Pile 4,104 increased. 10,000 +384 ◇ Construction Segment 8,000 －1,563M JPY 6,000 Increased adoption o
Slide 5: Overview－Sales Result Domestic and Offshore
Overview－Sales Result Domestic and Offshore Unit : Millions of JPY 20,000 20.0% ◇ Domestic Sales 17.8% 18,000 18.0% －1,888M JPY 16,000 16.0% Decrease in sales due 14,173 14,471 to decline in large- 14,000 1,194 ＋38.9% 1,660 13,293 14.0% scale works in the 12,000 ＋42.7% 2,370 +709 12.0% construction
Slide 6: Overview－Operating Profit
Overview－Operating Profit Unit : Millions of JPY Machinery Construction Segment Segment Operating Net Sales Net Sales Profit 2,491 +384 Operating Labor R&D Profit Cost Expenses Travel Others 2,169 Expenses +72 -1,563 Cost of Sales +161 -170 +103 +691 Gross Profit -486 SG&A +165 Operating Profit -321
Slide 7: Overview－Operating Profit to Net Sales
Overview－Operating Profit to Net Sales Unit : Millions of JPY 20,000 26.0% 23.4% 22.6% 22.7% 22.6% 24.0% 18,000 22.0% 16,000 18.2% 14,173 14,471 20.0% 13,805 13,948 14,000 13,293 17.2% 18.0% 16.3% 12,000 11,506 16.0% 14.0% 10,000 8,988 12.0% 8,000 10.0% 6,000 8.0% 6.0% 4,000 3,236 3,167 3,209 2,600
Slide 8: Overview－Sales by Category, Machinery Segment (1)
Overview－Sales by Category, Machinery Segment (1) Unit : Millions of JPY 12,000 Product sales increased. 10,376 Sales of F301-900 for 10,000 357 9,188 900mm Hat Sheet Pile 8,803 were strong. 2,446 423 363 8,000 2,616 2,851 6,000 4,000 7,423 5,970 5,418 2,000 0 FY2019 FH FY2020 FH FY2021 FH Product M
Slide 9: Overview－Sales by Category, Machinery Segment (2)
Overview－Sales by Category, Machinery Segment (2) Sales by Product Categories Unit : Millions of JPY 8,000 Special Purpose Models 7,000 6,351 5,970 • Clear Piler 6,000 321 5,496 418 296 • Zero Piler 344 630 5,000 340 • GRB System, others 4,000 2,763 2,534 2,605 Large-scale Models 3,000 • Gyro Piler
Slide 10: Overview－Sales by Region, Construction Segment
Overview－Sales by Region, Construction Segment Unit : Millions of JPY 6,000 5,668 Domestic Sales Decreased 1,018 5,000 Sales decreased due to decline in 170 large-scale works such as landslide 339 4,104 3,796 prevention in Kyushu, levee 4,000 532 reinforcement work in Shikoku, and 736 1,184 river re
Slide 11: Overview－Offshore Sales by Segment
Overview－Offshore Sales by Segment Offshore Sales Ratio by Region Unit : Millions of JPY 3,000 Asia 2,370 Africa 14.2% 7.3% Oceania 2,000 39.6% 1,660 1,184 North and South America 33.9% 1,194 1,018 1,000 Europe 736 5.0% 1,185 642 458 0 FY2019 FH FY2020 FH FY2021 FH Machinery Construction 11
Slide 12: Overview－Consolidated Balance Sheet
Overview－Consolidated Balance Sheet Unit : Millions of JPY FY2021 Growth FY2020 FH Comparison Cash and deposit ＋1,264M JPY Assets Finished goods －1,079M JPY Raw materials and Stock account Current Assets 25,477 25,301 -175 －250M JPY Non-current Assets 24,231 24,768 536 Property, plant and equipment
Slide 13: Overview－Consolidated Cash Flow Statement
Overview－Consolidated Cash Flow Statement Unit : Millions of JPY FY2020 FY2021 Growth FH FH Comparison ◇ CF from Operating Activities Growth Comparison ＋720M JPY CF from ・This results were affected by decline in Operating 3,050 3,770 720 payment of income taxes and increase of Activities refund of i
Slide 14: Forecast FY2021
Forecast FY2021
Slide 15: Forecast－Consolidated Results
Forecast－Consolidated Results Unit : Millions of JPY FY2020 Forecast for FY2021 Actual FH Actual FH Forecast Full year Forecast YoY Net sales 24,640 13,293 13,906 27,200 +10.4% Operating 2,498 2,169 1,680 3,850 +54.1% profit Ordinary 2,792 2,220 1,679 3,900 +39.7% profit Profit※ 1,400 1,446 1,253 2,
Slide 16: Forecast－Key Points (1)
Forecast－Key Points (1) （１） Domestic Trend ◎Increased adoption of Implant Method • Increased adoption of Implant methodologies centering on disaster prevention and mitigation measures, and aging social infrastructure • Societal expectations and needs for Implant method remain high ◎Customer’s conser
Slide 17: Forecast－Key Points (2)
Forecast－Key Points (2) （２） Offshore Trend ◎Focus on ‘total package’ solutions and accelerate the take-up of Press-in methodologies globally • Continuous press-in method proposed for construction of barrier walls for the mining industry in Brazil • Adoption of Press-in method to canal revetment reha
Slide 18: Forecast－Sales by Segment
Forecast－Sales by Segment Unit : Millions of JPY 40,000 ◇ Machinery Segment 35,000 ＋3,479M JPY 32,442 30,000 Projected increase in 27,200 8,803 machine sales led by 24,640 -920 25,000 increased adoption of ＋2.8% -10.2% 8,127 the Implant Method 20,000 both in Japan and 9,048 offshore. +3,479 15,000 ◇
Slide 19: Forecast－Capital Investment and R&D Expense
Forecast－Capital Investment and R&D Expense ◎Capital Investment ◎Research and Depreciation Expense and Development Expense Almere Factory 646 Demonstration Facility 1,032 Unit : Millions of JPY Unit : Millions of JPY 4,000 3.7% 3,060 1,200 4.0% 2,947 3,000 3.5% 2,317 2,026 1,000 1,708 1,901 3.0% 2,0
Slide 20: Forecast－Offshore Sales Trend
Forecast－Offshore Sales Trend Unit : Millions of JPY 6,000 19.1% 20.0% 15.5% 5,000 15.0% 11.4% 4,000 3,000 10.0% 5,044 5,200 2,000 2,818 5.0% 1,000 0 0.0% FY2019 FY2020 FY2021 Revised Forecast Offshore Ratio to Net Sales 20
Slide 21: Forecast－Outcomes Mid-Term Management Plan
Forecast－Outcomes Mid-Term Management Plan 【Net Sales】 【Operating Profit】 Unit : Millions of JPY Mid-Term Unit : Millions of JPY Mid-Term Management Plan Management Plan 35,000 8,000 32,442 29,142 6,689 30,000 27,200 25,965 27,100 5,977 24,640 6,000 25,000 5,124 22,017 20,000 4,111 3,850 4,000 15,00
Slide 22: Shareholder Return
Shareholder Return
Slide 23: Shareholder Return
Shareholder Return FY2020 FY2021 End of 2Q … 35 JPY (Result) End of 2Q … 35 JPY (Result) Year-end … 35 JPY (Result) Year-end … 35 JPY (Forecast) Unit : JPY 80 Interim Yearend 70 68 70 70 60 60 Commemorative 34 35 35 30 30 40 34 20 17 20 30 34 35 35 17 20 0 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 P