Fp Corporation · TSE:7947
Fp — H1 FY2012 Earnings Presentation
48 slides from Fp's earnings presentation, Nov 14, 2011
Slide 1: FY2012 2nd Quarter Results Briefing
FY2012 2nd Quarter Results Briefing FP Corporation Nov 14,2011 FP Corporation - 1・ -
Slide 2: Cautions for Handling This Material
Cautions for Handling This Material We have paid extremely close attention to the information provided through presentations at this session and contained in the handouts. The forward-looking statements included in the information are our estimates based on the information available at the time of p
Slide 3: Table of Contents
Table of Contents Performance Report Head of Finance and Accounting Division Toshio Takizaki ・・・・・・・ ４ Working Towards Medium- and Long-Term Targets Chairman & CEO Yasuhiro Komatsu ・・・・・・・ １０ Current Performance and Efforts to Increase our Scale of Operations President & COO Morimasa Sato ・・・・・・ １９
Slide 4: Performance Report: Interim Results for Fiscal 2011
Performance Report Interim Results for Fiscal 2011 Head of Finance and Accounting Division Toshio Takizaki FP Corporation -- 44・ --
Slide 5: Sales (First half of fiscal year ending March 2012)
Sales (First half of fiscal year ending March 2012) 2nd Quarter(actual) 2nd Quarter(projected) Growth Fyended Fyended Increase/ rate Fyended Unit:million yen (volume) Marche 2011 Marche 2012 decrease Marche 2012 Achevemennt percentage percentage Year-on-year percentage rate Trays 13,927 21.1 14,198
Slide 6: Financial Results Summary (First half of fiscal year ending March 2012)
Financial Results Summary (First half of fiscal year ending March 2012) 2nd Quarter(actual) 2nd Quarter(projected) Unit:million yen Fyended Fyended Increase/ Fyended Marche 2011 Marche 2012 decrease Marche 2012 Achevemennt percentage percentage Year-on-year percentage rate [Net sales] 66,151 100.0 7
Slide 7: Factors Influencing Ordinary Income
Factors Influencing Ordinary Income (First half of fiscal year ending March 2012) Unit: billion yen Ordinary income for FY ended March 2011: 13.47 bn. First half of year: 6.83 bn. Second half of year: 6.64 bn. Increase in raw material －１９ Raw materials ¥0.3 bn. more than projection prices: -1.9 bn.
Slide 8: Capital Investments and Research and Development Cost
Capital Investments and Research and Development Cost (First half of fiscal year ending March 2012) 2nd Quarter(actual) 2nd Quarter(projected) Unit:million yen Fyended Fyended Increase/ Fyended Marche 2011 Marche 2012 decrease Marche 2012 Achevemennt Year-on-year rate 6,214 5,782 △ 431 93.1% 6,330 9
Slide 9: Cash Flows (First half of fiscal year ending March 2012)
Cash Flows (First half of fiscal year ending March 2012) 2nd Quarter(actual) Unit:million yen Fyended Fyended Marche 2011 Marche 2012 CF from operating activities 5,793 6,378 CF from investing activities △ 4,516 △ 5,951 Free cash flows 1,276 427 CF from financing activites 2,343 △ 1,174 Amount of in
Slide 10: Working Towards Medium- and Long-Term Targets
Working Towards Medium- and Long-Term Targets Chairman & CEO Yasuhiro Komatsu FP Corporation -- 10 10・ --
Slide 11: Summary of Consolidated Financial Results and Forecast for the Future
Summary of Consolidated Financial Results and Forecast for the Future Projected sales for fiscal 2011: ¥160.0 bn. (+14%) Raw material prices began to rise again from the middle of 2009 Product sales: +12% year-on-year (+12.5 bn.) In addition, a price jump commenced at the beginning of 2011. Sales vo
Slide 12: Trends in Raw Material
Trends in Raw Material ＄／Ton 2,500 Sudden decline A sharp rise started at Renewed increase since middle of 2009 the beginning of 2011 from the end of 2008 2,000 Passed on Internal improvements Product price increase to product prices Lightweight development and Average price increase of 10% announce
Slide 13: Actions for Expanding the Scale of the Company
Actions for Expanding the Scale of the Company Goods Goods Market Market scale: scale: Over Over ¥¥2 2 trillion trillion Products Market Market for for packaging packaging materials materials and and supplies supplies Products Market Market size: size: ¥¥500 500 billion billion Containers for simple
Slide 14: Product Strategy: Expanding our share of a ¥500 billion market
Product Strategy Expanding our share of a ¥500 billion market Boost market share with five new sheets sheets.. ④ New foamＰＰ containers (New Histar) From 1.8x forming to 3.5x foaming ① MFP(multi FP) Resistant to a wide range of temperatures: FPCO from -40ºC (cold resistance) to +110ºC (heat resistanc
Slide 15: Efforts to enlarge the packaging materials and supplies market to 2 trillion yen
Efforts to enlarge ｔhe packaging materials and supplies market to 2 trillion yen Six delivery centers (108,000 tsubo*) and 11 picking centers (32,000 tsubo*) nationwide Providing high quality, efficient distribution services Sapporo PC * Tohoku PC In preparation for reconstruction in the Tohoku Hokk
Slide 16: Environmental Management and Social Responsibility
Environmental Management and Social Responsibility Making Making the the environment environment and and disabled disabled employees employees an an integrated integrated part part of of our our operations operations - FY ended March 2011 - Recycled container Collecting 8,350 tons 7,900 collection p
Slide 17: Strategic Investment
Strategic Investment ☆ A plant to be added in Chubu for launching PET recycling operations☆ PET Mechanical Recycling Plant Planning to launch recycled PET trays New plants to be set up in Kanto and Fukuyama for expanding the PET recycling business The first and second machines will have a total annu
Slide 18: Working Towards Long-Term Targets
Working Towards Long-Term Targets Expanding Expanding our our share share of of aa ¥¥500 500 billion billion market market Product 117.0bn. 200bn. Expanding the present market share Creating new markets Ordinary margin: 98.5bn. 97.4bn. 104.5bn. 10% Product Dia Foods Co. Ltd: +3.0 bn. M&A Increase in
Slide 19: Current Performance and Efforts to Increase our Scale of Operations
Current Performance and Efforts to Increase our Scale of Operations President & COO Morimasa Sato FP Corporation - 19・ -
Slide 20: Ordinary Income Projections for Fiscal 2011
Ordinary Income Projections for Fiscal 2011 Unit: billion yen Ordinary income for FY ended March 2011: 13.47 bn. First Second Ordinary income for half half FY ended March 2011: ¥13.47 bn. First half of year: 6.83 bn. Second half of year: 6.64 bn. Raw materials Prices surged from early 2011 -1.9 Incr
Slide 21: Combined Capabilities
Combined Capabilities Materials and technologies Development Recycling SCM Sales Distribution FP Corporation overwhelms competitors in every aspect. FP Corporation - 21・ -
Slide 22: Five new sheets for higher market share
Materials and Sheets PS MFP (multi FP) Heat- and cold-resistant formed sheet Resistant to a wide range of temperatures: from -40ºC (cold resistance) to +110ºC (heat resistance) Outstanding thermal insulation: enables containers to be handled straight from the microwave unlikely to soften or deform a
Slide 23: Technologies
Technologies Improvements in the past five years and future targets Equipment operating rate Number of shots per hour Lighter weight 1.5 pt. improvement 1.8% improvement New material development Lighter weight 11.3 pt. improvement 10.1% improvement Sheets Printing Materials Films General technologie
Slide 24: Customer Visits
Sales Needs & Claims New Product Development Information Gathering - Selling space information Customer Visits - Information on hot items - others Proposals & Information Offering - FPCO Fairs Information Sharing & Analysis - Product proposal meetings - Ure- Ure-Navi - Thematic proposals - Examples
Slide 25: Comprehensive Nationwide Production & Distribution Networks
Comprehensive Nationwide Production & Distribution Networks Production Network Distribution Network Sapporo PC Hokkaido Delivery Center Hokkaido Plant * Tohoku PC Yamagata Plant Tohoku PC The Tohoku Plant is remodeled as a picking center. Tohoku Plant Niigata PC Tohoku Delivery Center Toyama Plant F
Slide 26: Network Enhancement for Expanding Picking Operations
Improving the Picking Network Network Enhancement for Expanding Picking Operations Packaging Materials & Supplies Market A comprehensive nationwide network of picking centers Nationwide Hokkaido Tohoku Kanto Chubu Kansai, Chugoku Kyushu & Shikoku > 11 centers 31,000 tsubo 850 tsubo 500 tsubo 11,750
Slide 27: Approaching Packaging Materials and Supplies Markets
Approaching Packaging Materials and Supplies Markets Containers for simple packaging Supplies and packaging materials/equipment Promotional Transparent Chopsticks Machinery Fresh food Fixtures & Absorbent containers containers containers containers containers Prepared Sanitary supplies Sashimi Packe
Slide 28: Initiatives with New Users
Initiatives with New Users Streamline operations Heiwado Heiwado Co., Co., Ltd. Ltd. 133 133stores storesmainly mainlyininShiga Shigaprefecture prefecture Reduce procurement costs Operating Operating income: 382.9 billionyen income: 382.9 billion yen Toyama 2stores Ishikawa 5stores Enhance the servi
Slide 29: New Recycling Network
New Recycling Network Recycling of Approx. 8,000 collection points (As of the end of September 2011) terrestrial Collecting 8,350 tons of used containers using returning trucks after delivery (FY ended of March 2011) resources Hokkaido Sorting Plant Kanazawa Sorting Plant Yamagata Sorting Plant Nine
Slide 30: Nine Sorting Centers
Nine Sorting Centers <Nine Sorting Centers’ capacity (full-time)> Lines for soring foamed PS containers by color PSP: 26 lines, 10,600 tons a year Manually sorting into white and color Transparent containers: 13 lines, 1,600 tons a year Disabled employees engaged in - Sorting foamed PS containers by
Slide 31: Three Recycling Plants
Three Recycling Plants <Total capacity of the three recycling plants> Sorting Centers PS: 5,000 tons a year (full-time) PET: 7,200 tons a year Recycling Plant Hot water and alkai cleaning PS Container Recycling Line 1st Cleaning 2nd Cleaning Rinsing Melting & - Foamed PS containers Removal of protei
Slide 32: PET Recycling Containers + Bottles
PET Recycling Containers + Bottles Situation of PET resin in Japan Domestic PET demand 2009 (tons per year) Sheets 95,000 tons In Japan Fabric 73,000 tons Other Actual amount of 310,000 tons Other 142,000 tons 36% PET bottles 1.1 million tons Bottles collected 52% 650,000 tons Exported * Current sit
Slide 33: Corporate Integration
Corporate Integration Improvement of management efficiency and market expansion Jun. 1, 2009: Took over packaging operations from Taiyo Kogyo Corporation Gaining ground Gaining ground - Containers and film for agricultural goods Product sales: ¥2 bn. innew in new fields fields - Attracting customers
Slide 34: Large-Scale Investments
Large-Scale Investments I Logic Chubu Picking Center May 2011 Second Chubu Distribution Center Total investment: ¥2.2 bn. - Enhancing picking functions in the Chubu/Tokai area - Picking area: 3,800 tsubo in total on four floors - Warehouse area: 6,200 tsubo in total on three floors Completion of a m
Slide 35: Comprehensive Infrastructure of FP Corporation
Comprehensive Infrastructure of FP Corporation Expanding the scale of operations through alliances and M&A Continued development of infrastructure Materials and technologies Development Recycling SCM Sales Distribution FP Corporation - 35・ -
Slide 36: Supporting Data: Forecast for Fiscal Year ending March 2012
Supporting Data 1 Forecast for Fiscal Year ending March 2012 FP Corporation - 36・ -
Slide 37: Sales Plan (for Fiscal Year Ending March 2012)
Sales Plan (for Fiscal Year Ending March 2012) Performance Prospects Unit:million yen Fyended Fyended Increase/ Marche 2011 Marche 2012 decrease percentage percentage Year-on-year Trays 28,045 19.9 29,500 18.4 + 1,454 105.2% Lunchbox 71,860 51.1 79,700 49.8 + 7,839 110.9% Containers total 99,906 71.
Slide 38: Outline of Plan for Account Settlement (for Fiscal Year Ending March 2012)
Outline of Plan for Account Settlement (for Fiscal Year Ending March 2012) Performance Prospects Unit:million yen Fyended Fyended Increase/ Marche 2011 Marche 2012 decrease percentage percentage Year-on-year [Net sales] 140,720 100.0 160,000 100.0 + 19,279 113.7% sales of 74.3 73.1 111.9% products 1
Slide 39: Plan for Capital Investment and Research and Development Cost
Plan for Capital Investment and Research and Development Cost (for Fiscal Year Ending March 2012) PerformanceProspects Increase Unit:million yen Fyended Fyended / Marche 2011 Marche 2012 decrease Year-on-year 12,585 12,020 △ 565 95.5% Capital investment Tangible fixed assets 12,352 11,730 △ 622 95.0
Slide 40: Supporting Data 2
Supporting Data 2 FP Corporation - 40・ -
Slide 41: Ordinary Income Projections for Fiscal 2011 (Initial projections)
Ordinary Income Projections for Fiscal 2011 Initial projections Unit: billion yen Ordinary income for FY ended March 2011: 13.47 bn. First Second Ordinary income for half half FY ended March 2011: ¥13.47 bn. First half of year: 6.83 bn. Second half of year: 6.64 bn. Increases in raw material: -2.2 I
Slide 42: Ongoing Factors Influencing Ordinary Income
Ongoing Factors Influencing Ordinary Income Unit: 100 million yen 46th term 47th term 50th term 48th term 49th term (FY ended March (FY ended March (FY ending March 41st 42nd 43rd 44th 45th (FY ended March 2010) (FY ended March 2011) 2008) 2009) 2012) (projected) term term term term term 2nd Full 2n
Slide 43: Trends in Capital Investment and R&D Costs
Trends in Capital Investment and R&D Costs FY ended FY ended FY ended FY ended FY ended FY ended FY ended FY ended FY ended Plan for FY March 2003 March 2004 March 2005 March 2006 March 2007 March 2008 March 2009 March 2010 March 2011 ending March 2012 Yamagata Plant Taiyo Kosan Nihon Pearl Shimodat
Slide 44: Impact of Fluctuations in Raw Material Prices
Impact of Fluctuations in Raw Material Prices Unit: billion yen Raw material price increase since FY ended March 2003 has been Raw material prices down putting pressure on profit in following amounts: from 4th quarter of FY ended March 2009 10th, 11th Accumulated total of ¥11.88 bn. in FY ended Marc
Slide 45: Internal Improvement Measures
Internal Improvement Measures Unit: billion yen 0.80 Shift to thinner, lighter products, replacement of materials +2.0 - Non- Non-foaming materials Foaming materials 1.20 - Adding ribs and bottom rims - FLB and Eco FLB (ultra- (ultra-lightweight trays) - Switching to A- A-PET materials 2.00 Product
Slide 46: Breakdown of Products According to Material
Breakdown of Products According to Material FLB (ultra- (ultra-lightweight, general- general-purpose trays) New trays General- purpose trays Eco FLB (ultra- (ultra-lightweight, general- general- Eco trays purpose, eco- eco-friendly trays) ① MFP new cold- cold- and heat- heat-resistant containers Foa
Slide 47: Information on the Facility Tour
Information on the Facility Tour We are accepting applications for a facility tour. ・PET Container ・Sorting center recycling ・PS Container Sorting center PET Mechanical Recycling Plant recycling - Sorting foamed PS containers by color - Sorting transparent containers by material Recycling plant - PS
Slide 48: Awards and Certifications
April 2007 Received the Award for Excellence in the Product Division of the First Container and Packaging 3R Promotion Minister of the Environment Awards. http://www.env.go.jp/recycle/yoki/b_2_approach/ March 2009 Certified as a leading company in the employment of disabled workers by (received the