Kraftia Corporation · TSE:1959
Kraftia — FY2024 Earnings Presentation
51 slides from Kraftia's earnings presentation, May 2025
Slide 1: FY ending March 2025 Results briefing
Prime Market of Tokyo stock exchange : 1959 KYUDENKO CORPORATION FY ending March 2025 Results briefing All Rights Reserved. Copyright KYUDENKO CORPORATION 0
Slide 2: Table of contents
Table of contents Financial Data for the Previous Mid-term Overview of business results 2 Management Plan Period 17 P/L 3 Thoughts on Mid-term Management Plan 2029 18 Factors of change in OP 4～6 Management Targets 19 Sales, Orders and Works on hand Overview of Financial Targets 20 1. Orders received
Slide 3: Overview of business results
Overview of business results All Rights Reserved. Copyright KYUDENKO CORPORATION 2
Slide 4: Outline of P/L March 2025
Outline of P/L March 2025 ★ Red letters indicate record highs (Million yen) March 2025 March 2024 Percentage Published Increase Result Result /decrease increase value /decrease (2025.01.31) Sales 469,057 473,954 ＋4,897 +1.0% 470,000 (100.0%) (100.0%) (100.0%) 64,632 70,701 73,400 Gross profit ＋6,069
Slide 5: Factors of change in OP March 2025
Factors of change in OP March 2025 :Increase （Billion Yen） :Decrease 50 B C E D Increase in 45 ▲4.3 Power distribution Other business SG&A expenses line work Overseas +0.1 +0.4 +9.8 Business ▲2.7 A Increase by domestic 40 41.3 35 38.0 Operating profit in March, 2025 Operating profit in March, 2024 3
Slide 6: Breakdown of construction sales and factor of gross profit ratio FY March 2025
Breakdown of construction sales and Factor of gross profit ratio FY March 2025 (Consolidated results (before consolidation and elimination) ：excluding power distribution line work) Percentage of completion method （Construction contracts with a contract amount of 100 million yen or more and a constru
Slide 7: Breakdown of construction sales and average profit margin (quarterly)
Breakdown of construction sales and average profit margin (by quarterly accounting period) (Consolidated results (before consolidation and elimination) ：excluding power distribution line work Percentage of completion method （Construction contracts with a contract amount of 100 million yen or more an
Slide 8: Order received / Sales by department FY March 2025
Order received / Sales by department FY March 2025 （Million yen） （Million yen） Sales of each segments Orders of each segments ■2023.3 ■2024.3 ■2025.3 ■2023.3 ■2024.3 ■2025.3 213,481 214,668 164,934 206,285 159,783 153,104 175,439 134,156 161,659 154,647 51,380 48,253 49,885 52,714 46,628 48,530 39,7
Slide 9: Situation of order stock FY March 2025
Situation of order stock FY March 2025 Order stock of each segments (Million yen) New orders in FY March 2025 ■2023.3 ■2024.3 ■2025.3 Image 185,178 178,975 166,875 160,870 150,262 156,189 141,706 123,499 103,371 Image 4,640 3,306 3,029 Power Electrical work HVAC work Solar plant distribution line co
Slide 10: Actual results of works FY March 2025
Actual results of works FY March 2025 Image Image Image Image Image Image All Rights Reserved. Copyright KYUDENKO CORPORATION 9
Slide 11: Ukujima solar power plant
Ukujima solar power plant All Rights Reserved. Copyright KYUDENKO CORPORATION 10
Slide 12: Situation on the island of Ukujima
Situation on the island of Ukujima ■For construction work, the project area is divided into six construction zones and managed. Work has now begun in the Iira area, the third construction zone. Preparation work also started in the second construction zone (Kamiura area). C Miscellaneous tree cutting
Slide 13: Future scenarios
Future scenarios 2025.4 2027.3 Uku Island Construction work (panel and frame installation, pile driving, construction of HVDC (on the island) building, etc.) Permit Permit Ukujima Obtain Sea (seabed) Application Seabed cable-laying work Solar application permits continued Power Ukujima Solar Power P
Slide 14: Location of Ukujima
Location of Ukujima ■Ukujima is located at the northernmost tip of the Goto Islands, Sasebo City, Nagasaki Prefecture, Kyushu. The area is approximately 25㎢. Fukuoka Saga Oita Nagasaki Kumamoto Miyazaki Kagoshima Ukujima Terashima All Rights Reserved. Copyright KYUDENKO CORPORATION 13
Slide 15: Schematic of transmitting electricity
Schematic of transmitting electricity ■Converting AC electricity generated at Ukujima and Terashima to DC. Submarine cables will be used to interconnect and transmit power to Kyushu Electric Power Company's power transmission and distribution substation in Sasebo. HVDC building【image】 Submarine cabl
Slide 16: Mid-term management plan
Mid-term management plan All Rights Reserved. Copyright KYUDENKO CORPORATION 15
Slide 17: Summary of the Previous Mid-term Management Plan (FY2020 to FY2024)
Summary of the Previous Mid-term Management Plan (FY2020 to FY2024) Issues carried over from the previous Mid-term Main theme Management Plan (2020 to 2024) Establishing a management foundation for Financial stability improved in terms of our capital adequacy ratio, but indicators of capital effic
Slide 18: Financial Data for the Previous Mid-term Management Plan Period
Summary of the Previous Mid-term Management Plan (2020 to 2024): Financial Data for the Previous Mid-term Management Plan Period Sales (consolidated) Orders received (consolidated) ¥560 billion ¥500 billion ¥469 billion ¥473.9 billion ¥452.1 billion ¥391.9 billion ¥376.5 billion ¥395.7 billion ¥440.
Slide 19: Thoughts on Mid-term Management Plan 2029
Thoughts on Mid-term Management Plan 2029 Looking towards 2044 (the 100th anniversary of Kyudenko’s founding A new stage The previous Mid-term Management Plan was built around the theme of “Establishing a Management Foundation for Sustainable Growth.” We pursued three reforms in the areas of constru
Slide 20: Management Targets
Management Targets We will identify financial and non-financial targets to achieve sustainable growth. Financial targets Consolidated ordinary ROIC*1 Total investment Shareholder returns profit FY2029 Total during Mid-term Consolidated dividend Management Plan period FY2029 ratio: About 40% ¥60 bi
Slide 21: Overview of Financial Targets
Overview of Financial Targets Consolidated ordinary profit: Model for transitioning to sustained growth Investing in the future and Working to realize Return on investment Consolidated ordinary profit trend embracing related challenges additional growth ¥47.5 billion ¥60 billion ¥44.4 billion FY20
Slide 22: Financial Targets - Improving Capital Efficiency
Financial Targets - Improving Capital Efficiency Trends in indicators Current understanding and future initiatives for improving capital efficiency <Indicators> 14% ROE(%) ROIC(%) WACC(%) Although the PBR was affected by the COVID-19 pandemic, it 12% has since recovered to 1.0 due to strong demand
Slide 23: Specific Investment Strategies
Initiatives and Investment Strategies: Specific Investment Strategies Expanding investments in carbon neutral-related businesses Investing in energy storage systems (grid storage batteries) Growth Participating in datacenter (DC) related businesses A investments Participating in real estate-
Slide 24: Capital Policy
Initiatives and Investment Strategy: Capital Policy We will make active investments while ensuring operating cash flow and financial soundness in an effort to achieve sustainable corporate value enhancement. 5-year total: Investment: ¥200 billion Shareholder returns: Greater than ¥80 billion Capit
Slide 25: Shareholder Returns
Initiatives and Investment Strategy: Shareholder Returns Dividend and payout ratio trends Current recognition and future shareholder return policy 400 50.0 一株当たり配当金（円） Dividend per share (yen) While comprehensively taking into account the business Consolidated environment, performance, and financi
Slide 26: Plan for fiscal year
Plan for fiscal year All Rights Reserved. Copyright KYUDENKO CORPORATION 25
Slide 27: Plan for March 2026
PLAN for March 2026 (Million yen) Plan for March 2026 March 2024 March 2025 Percentage Result Result① March 2026② ②－① increase/ decrease 469,057 473,954 490,000 +16,045 +3.4% Sales (100.0%) (100.0%) (100.0%) Gross profit 64,632 70,701 77,100 ＋6,398 ＋9.1% (13.8%) (14.9%) (15.7%) 38,016 41,388 44,500
Slide 28: Orders & Sales plan by department
Orders & Sales plan by department (Million yen) (Million yen) Sales of each department Orders 部門別受注高 of each department ■2024.3 245,500 ■2024.3 240,000 ■2025.3 240,000 ■2025.3 201,381 213,000 ■2026.3(Plan) ■2026.3(Plan) 213,481 200,257 206,285 175,439 167,000 164,934 167,500 161,659 153,104 55,000 5
Slide 29: New company name and New Headquarters
New company name and NewHeadquarters All Rights Reserved. Copyright KYUDENKO CORPORATION 28
Slide 30: New company name KRAFTIA Corporation
New company name 【 KRAFTIA Corporation】 K＋CRAFT＋I＋A Kyushu / Craft Innovation Action Kyudenko Technology, skill, craftsmanship While inheriting the history of Kyudenko’s founding in Kyushu and the spirit of the company, each of us hones our skills and expertise striving to innovate technology and im
Slide 31: New Headquarters ONE FUKUOKA BLDG.
New Headquarters【ONE FUKUOKA BLDG.】 Gathering. Connect. Create the future. We “Gather” together to create new ideas and activate communication. “Connecting” people across departmental boundaries. “Create the future” through new ways of working, ease of work, and reduction of environmental impact. Th
Slide 32: Appendix
Appendix All Rights Reserved. Copyright KYUDENKO CORPORATION 31
Slide 33: Corporate profile
Corporate profile Company name Kyudenko Corporation Established December 1, 1944 Capital ￥12,561 million Listed market Prime Market of Tokyo Stock Exchange, Fukuoka Stock Exchange Code 1959 Head office 1-23-35 Nanokawa, Minamiku, Fukuoka city Tokyo head office Sunshine 60 3-1-1 Higashi-Ikebukuro, To
Slide 34: Corporate Philosophy and Long-term Vision
Corporate Philosophy and Long-term Vision We contribute to society through We keep challenging for We aim to create mutual Corporate sustainable development through respecting environment in 1 providing agreeable 2 our engineering strength and 3 Kyudenko which utilize and Philosophy environmental so
Slide 35: Sustainability Management
Sustainability Management Kyudenko has established a Basic Sustainability Policy and identified material issues (materiality) based on our corporate philosophy and long-term vision. By addressing these material issues under the guidance of our Basic Sustainability Policy, we’re working to contribu
Slide 36: Actual results of recruitment of human resources and workforce planning
Actual results of recruitment of human resources (Kyudenko individual) and workforce planning ≪ Comparison in actual results of recruitment for April 2025 with other ≪ Actual results of periodic recruitment of engineers and skilled persons≫ companies≫ 2018 2019 2020 2021 2022 2023 2024 2025 Large el
Slide 37: Dividends and Policy Shareholdings
Dividends and Policy Shareholdings Dividend per share (annual) and consolidated dividend payout ratio 200 39.8 190 ■ ordinary dividend (yen) 180 34.3 ■ special dividend (yen) 170 29.6 30.3 ■ Consolidated payout 160 150 ratio (％) 26.7 27.0 28.3 27.0 140 25.2 130 21.4 120 110 100 90 80 10 180 70 10 14
Slide 38: Details of diverse business models (facility work)
Details of diverse business models (facility work) business Ⓐ Proposal and original model contract type(Local based） Ⓑ Sub-contract type Ⓒ Capital participation type item ・Capital participation in a project ・Mainly small- and med- of collaboration with different ・Large sized deals industries, and re
Slide 39: Front-loading initiatives
Front-loading initiatives Benefits of being involved from the design stage ・[Design Phase] Design changes can be made from the initial design stage (Effective suggestions and cost savings can be anticipated.) ・[Contract Stage] Orders can be received with cost savings factored in ・[Construction Phase
Slide 40: Sales and gross profit (quarterly accounting period)
Sales and gross profit (quarterly accounting period) (Sales , gross profit:million yen) (Gross profit ratio:％) 200,000 20.0 Sales Gross profit Gross profit ratio Full-year results Full-year results Full-year results Full-year results Full-year results Full-year results Sales 428,939 391,901 376,563
Slide 41: Breakdown of construction sales and average profit Mar.2025 (individual)
Breakdown of construction sales and average profit Mar.2025 (Kyudenko individual : excluding power distribution line work&Ukujima) Project Not delivered（Percentage of completion method） Project delivered（Percentage-of-completion method） Project delivered（Completed-contract method） 28.0 26.0 25.6 25.
Slide 42: Breakdown of construction sales and average profit margin (quarterly, individual)
Breakdown of construction sales and average profit margin (by quarterly accounting period) (Kyudenko individual : excluding power distribution line work&Ukujima) Percentage of completion method （Construction contracts with a contract amount of 100 million yen or more and a construction period of mor
Slide 43: Breakdown of Orders Received by form and Scale
Breakdown of Orders Received by form and Scale (Kyudenko Co., Ltd. alone: excluding power distribution lines) （Million yen） （Million yen） Breakdown by form Breakdown by Scale ■More than 1 billion yen ■subcontract ■prime contract ■300 million yen or more but less than 1 billion yen ■100 million yen o
Slide 44: Order received / Sales by customer Mar.2025
Order received / Sales by customer Mar.2025 (Million yen) (Million yen) Sales of each customer Orders of each customer ■2023.03 ■2024.03 ■2025.03 ■2023.03 ■2024.03 ■2025.03 400,000 378,045 400,000 366,193 373,938 359,881 358,746 304,577 200,000 200,000 50,023 49,773 50,938 50,338 34,504 35,896 46,74
Slide 45: Order received / Sales by region Mar.2025
Order received / Sales by region Mar.2025 (Electrical & HVAC work excluding Solar plant construction work) (Million yen) (Million yen) Sales of each region Orders of each region ■2023.04 ■2024.03 ■2025.03 ■2023.03 ■2024.03 ■2025.03 257,710 260,000 241,722 260,000 257,048 243,204 243,391 200,263 130,
Slide 46: Order received / Sales by region (Solar plant construction work)
Order received / Sales by region Mar.2024 (Solar plant construction work) (Million yen) (Million yen) Sales of each region Orders of each region ■2023.03 ■2024.03 ■2025.03 ■2023.03 ■2024.03 ■2025.03 50,000 50,000 29,766 28,817 20,362 20,203 18,764 15,307 12,956 12,585 9,480 7,509 3,513 660 864 526 1
Slide 47: Outline of balance sheet
Outline of balance sheet (Million yen) End of End of Increase Main factors behind Mar.2024 Mar.2024 /decrease increase/decrease Current 324,418 299,268 Cash on hand and in banks ▲26,854 ▲25,149 assets (64.5%) (61.3%) Trade notes and accounts receivable▲1,441 178,865 189,203 Investment securities +6,
Slide 48: Outline of C/F
Outline of C/F (Million yen) Details of statement to Mar.2024 Mar.2025 Mar. 2025 Profit before income taxes ＋44,293 Cash flow from operating 43,969 8,037 Decrease in trade payables▲29,510 activities Income taxes paid ▲18,355 Purchase of investments in securities Cash flow from investment ▲6,164 ▲2,3
Slide 49: Investment in Power Operations
Investment in Power Operations Solar Power Plants Deals through investment in equity (Depreciated at the declining balance method） Deals operated by group（Depreciated at the declining balance method） ※ acquire investment securities and record an amount equal to the equity to non-operating ※ make cap
Slide 50: Investment in Power Operations
Investment in Power Operations Deals through investment in equity Deals operated by group (Non-operating income) (Million yen) (Million yen) ■Solar Power Plants ■Wind Power Plants ■Solar Power Plants ■Wind Power Plants ■ Operating profit 2,205 2,260 2,235 1,748 1,734 1,556 Total 5,124 Total 5,120 To
Slide 51: Capital Investment
Capital Investment FY2024 Mar. FY2025 Mar. Capital 3.0 billion yen 5.3 billion yen investment 2.8 billion yen 5.0 billion yen ・Replacement of branches and ・Replacement of branches and business offices of Kyudenko business offices of Kyudenko (Including new headquarters) ・Machinery and equipment, etc
Kraftia Corporation (formerly Kyudenko Corporation) — FY2024 Earnings Presentation on 6ix