Slide 1: Results Briefing for the Year Ended March 31, 2015
Results Briefing for the Year Ended March 31, 2015 May 18, 2015 TODA CORPORATION
Slide 2: Forward-looking statements
This report contains forward-looking statements regarding Toda Corporation and the Group’s corporate plans, strategies, and business forecasts. These statements include Toda Corporation’s forecasts based on information currently available as of the announcement date, which are subject to a number of
Slide 3: Today's Schedule
Today’s Schedule 1. Summary of Financial Results Executive Manager Yushi Kikutani 2. Medium-Term Management Plan 2017 President Masanori Imai
Slide 4: 1. Summary of Financial Results
1. Summary of Financial Results Executive Manager Yushi Kikutani
Slide 5: 1-1. Summary of Financial Results for the Year Ended March 31, 2015
1-1. Summary of Financial Results for the Year Ended March 31, 2015
Slide 6: Highlights: FY2014
Highlights: FY2014 Consolidated Net Sales: ¥420.3 billion, down 6.4% year-on-year Net sales fell 6.4% year-on-year to ¥420.3 billion, as completed construction contracts declined. Operating Income: ¥12.9 billion, up 171.4% year-on-year Operating income increased 171.4% year on year, to ¥12.9 bil
Slide 7: FY2014 Results vs. Forecasts and Prior Year
(Billions of yen) Forecasts Change FY2013 (announced (year on on Feb 13, Actuals year) Difference 2015) (vs. forecast) Consolidated net sales 448.9 413.0 420.3 -6.4% 7.3 Operating income 4.7 8.7 12.9 171.4 4.2 Ordinary income 6.5 10.3 14.8 125.0% 4.5 Net income 10.2 10.5 14.0 37.1% 3.5 Orders receiv
Slide 8: Main Orders Received
Main Orders Received Ordering Parties Name of Works Architectural Rebuilding of School of Pharmacy Building and Kitasato Main The Kitasato Institute Construction Building, Shirokane Campus Federation of National Public Service Toranomon Hospital development project Personnel Mutual Aid Associations
Slide 9: Main Works Completed
Main Works Completed Ordering Parties Name of Works Architectural Japan Post Co., Ltd. Omiya Sakuragi-cho 1-chome project Construction Waseda University Waseda campus D Building Otsuma Gakuin Reconstruction of Chiyoda school building Shimadzu Corporation E1 Building construction project St. Mary’s S
Slide 10: 1-2. Details of Financial Results
1-2. Details of Financial Results
Slide 11: Toda Group (Consolidated)
(Consolidated) Toda Group Business Subsidiaries in Japan Overseas Subsidiaries 14 companies APEC Engineering Co., Ltd. Construtora Toda do Brazil S/A Chiyoda Kenkou Co., Ltd. Toda Construction (Shanghai) Co., Ltd. 8 Construction Architectural Construction Thai Toda Corporation Ltd. companies Toda Vi
Slide 12: (Consolidated) Summary of Group Performance
(Consolidated) Summary of Group Performance FY2014 FY2014 Toda Corporation Subsidiaries Total Ratio of Consolidated consolidated to non- consolidated Billions of yen Net sales 383.8 54.0 420.3 1.10 Gross profit 31.9 8.3 4.5 8.5 36.1 8.6 1.13 Selling, general and administrative expenses 20.3 2.9 23.1
Slide 13: (Consolidated) Results and FY2015 Forecast
Consolidated FY2013 FY2014 FY2015 Change actual actual Forecast Billions of yen Net sales 448.9 420.3 -6.4 451.0 Gross profit 25.4 5.7 36.1 8.6 42.0 34.3 7.6 Selling, general and administrative expenses 20.6 23.1 24.3 Operating income 4.7 1.1 12.9 3.1 171.4 10.0 2.2 Non-operating income 1.8 1.8 1.6
Slide 14: (Consolidated) Net Sales and Operating Income by Segment
(Consolidated) Net Sales and Operating Income by Segment Net Sales Operating Income Architectural Construction Civil Engineering Architectural Construction Civil Engineering (Billions of yen) Real Estate and Other (Billions of yen) Real Estate and Other * Net sales by segment include intersegment tr
Slide 15: (Consolidated) Change in SG&A
(Consolidated) Change in SG&A (Billions of yen)
Slide 16: (Consolidated) Balance Sheets
(Consolidated) Balance Sheets Assets (Billions of yen) Liabilities and Net Assets (Billions of yen) Construction related Construction liabilities -21.1 related assets -14.8 Provisions for loss on Real estate for sale -0. construction -7.9 Short-term loans -19.7 Buildings and Long-term loans structur
Slide 17: (Consolidated) Change in Investment Securities
(Consolidated) Change in Investment Securities (Billions of yen) Stock prices yen
Slide 18: (Consolidated) Change in Interest-Bearing Liabilities
(Consolidated) Change in Interest-Bearing Liabilities Billions of yen D/E Ratio
Slide 19: (Consolidated) Change in Provision for Loss on Construction Contracts
(Consolidated) Change in Provision for Loss on Construction Contracts Billions of yen
Slide 20: (Consolidated) Statement of Cash Flow
(Consolidated) Statement of Cash Flow (Billions of yen) Income before income taxes +15.1 Costs on uncompleted construction contracts +11.8 Notes and accounts receivable – trade +3.2 Advances received on uncompleted construction contracts (10.7) Notes and accounts payable – trade (10.6) Allowance for
Slide 21: 1-3. Performance Forecasts
1-3. Performance Forecasts ————E
Slide 22: Forecasts for FY2015 (Year Ending March 31, 2016)
Forecasts for FY2015 (Year Ending March 31, 2016) FY2015 FY2014 Change (year Forecasts (Billions of yen) on year) Consolidated net 420.3 451.0 7.3% 30.6 sales Operating 12.9 10.0 -23.0 -2.9 income Ordinary income 14.8 11.6 -21.7 -3.2 Net income 14.0 10.1 -28.0 -3.9 Orders received (Non 449.7 400.0 -
Slide 23: (Non-consolidated) Forecasts for the Construction Business
(Non-consolidated) Forecasts for the Construction Business (Billions of yen) Orders Received for Net Sales of Completed Gross Profit Margin on Completed Construction Construction Contracts Construction Contracts Civil Civil Engineering Engineering Architectural Construction Architectural Constructio
Slide 24: Non-consolidated Forecasts for FY2015
Non-consolidated Forecasts for FY2015 Amount billions of yen Profitability Net sales 417.0 Gross profit 30.7 7.4 Profits in the construction business 29.0 7.1 [Architectural construction] [21.8] [6.8] [Civil engineering] [7.2] [8.0] Profits in the real estate business 1.7 24.3 Selling, general and a
Slide 25: Medium-term Management Plan 2017
Medium-term Management Plan 2017 President Masanori Imai
Slide 26: Focus of Medium-term Management Plan 2017
Focus of Medium-term Management Plan 2017 Break away from conventional concepts and create new value and systems No.1 in Productivity Foundation for Growth Establish the highest Pursue synergies level of productivity in between business the general domain expansion and construction sector constructi
Slide 27: Recap of Previous Medium-term Management Plan: Targets Achieved Early
Recap of Previous Medium-term Management Plan Achieve performance targets 1 year ahead of schedule and a recovery of financial soundness Operating Income Ratio Equity Ratio Previous medium-term Previous medium-term management plan management plan FY2015 FY2015 Target At least 2 Improvement Recovery
Slide 28: Recap of Previous Plan: Promotion Framework
Recap of Previous Medium-term Management Plan Responsibility/promotion framework aimed at resolving issues Value Creation Create Toda Corp.’s own value Reform operations and rebuild ICT Promotion Office FY 2013 Group Control Office Provide value to customers through the construction lifecycle Overse
Slide 29: Recognition of Environment
Recognition of Environment The start line towards new challenges, from regeneration to growth Market / Industry Toda Corporation • Over the medium term, expect • Achieved performance target of solid domestic construction the previous medium-term investment, centered in cities. management plan (opera
Slide 30: Significance and Direction of Management Plan
Significance and Direction of Management Plan Phase I aimed at actualizing the global vision Phase I Phase II FY2015 FY2017 FY2018 FY2020 Break away from conventional Continue and deepen reforms concepts and create new value and systems No.1 in Productivity No.1 in toughness Foundation for Growth Es
Slide 31: FY2017 Group Performance Targets
FY2017 Group Performance Targets (Billions of yen) FY2014 FY2015 FY2017 Actuals Forecasts Targets Consolidated net sales 420.3 451.0 480.0 Architectural Construction (Japan) 286.7 318.6 330.0 Civil engineering (Japan) 91.1 88.5 97.5 Investment & Development 5.7 7.0 5.0 Overseas 21.0 19.7 25.0 Domest
Slide 32: Profit Targets by Business
Profit Targets by Business (Billions of yen, [ ]) FY2014 FY2015 FY2017 Long-term Actuals Forecasts Targets Targets Operating income 12.9 [100] 10.0 [100] 17.0 [100] [100] Architectural Construction (Japan) 8.9 [69.3] 7.3 [73.0] 11.5 [67.6] [50.0] Civil engineering (Japan) 3.0 [23.3] 2.4 [24.0] 3.6 [
Slide 33: Shareholder Returns, etc.
Shareholder Returns, etc. Total amount of personnel Employees costs Non-operating Creditors, etc. income (loss) Labor Value- Operating Extraordinary Payout ratio productivity added income income (loss) ― /Net income amount Number of Income taxes Society employees 20 Dividend Shareholders 30 Net inco
Slide 34: Key Strategies: No.1 in Productivity
Key Medium-term Management Plan Strategies Plan) No.1 in Productivity Ability to create value / cost competitiveness Expand special and design construction Development/use of differentiating technologies Improved purchasing methods, etc. FY2017 Targets Consolidated net sales ¥480.0bn +14.2 Labor pro
Slide 35: Key Strategies: Foundation for Growth
Key Medium-term Management Plan Strategies Plan) Foundation for Growth Investment & Development Effective use of company-owned real estate machinery and equipment center, etc.) Headquarters building reconstruction project New business investment healthcare, agriculture, environment/energy, etc. Full
Slide 36: Response to Investment Demand
Key Medium-Term Management Plan Strategies Plan) Response to Investment Demand Full-fledged investment FY2015 FY2016 FY2017 FY2018 Parts expected in plan Technological development including capital investment Rebuilding ICT Demand for Real estate development purchase and effective use of funds real
Slide 37: Management Strategy Roadmap (FY2015~FY2020)
Management Strategy Roadmap (FY2015~FY2020) Basic Recognition: Become a company that changes the "joy" of customers, employees, related parties, and overall society into confidence and pride, and achieve continual arowth. Tokyo Olympics 140th Anniversary of founding Phase I Phase II Phase IIT FY2015
Slide 38: Reference: Business Domains and Scope of Financial Results
Reference Business Domains and Scope of Financial Results Group Business Domain Scope of Financial Results Architectural Construction Architectural Construction HQ (Japan) Civil Non- Engineering Civil Engineering (Japan) consolidated HQ financial results Investment & Consolidated Development Investm
Slide 39: Toda Corporation
STODA TODA CORPORATION (SINCE 1881)