Slide 1: Presentation Material: Announcement of FY 2008 Interim Results
Presentation Material: Announcement of FY 2008 Interim Results November 17, 2008 Cleanup Corporation Tokyo Stock Exchange, 1st Section, Code 7955 0
Slide 2: I. Interim Results Outline
Cleaniaup I. Interim Results Outline
Slide 3: Outline of Consolidated Results for Interim Period Ended September 2008
Ⅰ． Interim Results Outline 1. Outline of Consolidated Results for Interim Period Ended September 2008 (Units: millions of yen) 2008/9 2007/9 Change From 2008/9 2008/9 Compared (Actual Results) (Actual Results) Prev. Period (Initial Plan) (Revised Plan) To Revised Plan Net Sales 54,193 54,759 △1.0％ 5
Slide 4: Consolidated Profits: Net Sales, Gross Profit
Ⅰ． Interim Results Outline 2. Consolidated Profits ① Net Sales, Gross Profit 【Increased/Decreased Values (Rates)】 【Main Increase/Decrease Factors】 (Units: billions of yen) ● System Kitchens △280 million yen ・ＳＳ △100 million yen 54.75 54.19 Net Sales ・CLEANLADY △980 million yen Increasingly popular c
Slide 5: Consolidated Profits: SGA Expenses, Operating Income
Ⅰ． Interim Results Outline 2. Consolidated Profits ② SGA Expenses, Operating Income (Units: billions of yen) 【Increased/Decreased Values (Rates)】 18.95 【 Main Increase/Decrease Factors 】 17.98 Gross Profit ●Sales Expenses △390 million yen △0.96 billion yen ●Distribution Expenses △140 million yen ●Re
Slide 6: Sales Composition by Segment (Consolidated)
Ⅰ． Interim Results Outline 3. Sales Composition ① By Segment (Consolidated) (Units: millions of yen) 【2008/9】 120,000 112,811 113,500 Other 4.2％ Other 4,704 4,453 Bathtubs & Washstands 4.2％ 3.9％ Bathtubs & Kitchin Equipment 20,596 Washstands 19.8％ 100,000 20,244 17.9％ 18.2％ Kitchen Equipment 76.0％ 8
Slide 7: Sales Composition by Sales Route (Non-Consolidated)
Ⅰ． Interim Results Outline 3. Sales Composition ② By Sales Route (Non-Consolidated) Direct-Sales (Condominium owners) 【Full-Term Base】 Housing Constructors General Routes (Construction 10.2％ Contractors - Home Renovation) 10.9％ 9.2％ 16.9％ 17.5％ 17.1％ 【First-Half Base】 6.0％ 72.9％ 73.3％ 6.3％ 6.4％ 72.0
Slide 8: Consolidated Balance Sheet Summary – 1/2
Ⅰ． Interim Results Outline 4. Consolidated Balance Sheet Summary – 1/2 (Units: billions of yen) 【Increased/Decreased Values】 【 Main Increase/Decrease Factors 】 【Assets】 84.27 ●Current Assets ＋1,620 million yen 79.89 80.81 Total Assets ●Fixed Assets △700 million yen ＋0.92 billion yen ●Cash and Deposi
Slide 9: Consolidated Balance Sheet Summary – 2/2
Ⅰ． Interim Results Outline 4. Consolidated Balance Sheet Summary – 2/2 (Units: billions of yen) 【Liabilities･Minority Interests・Assets】 【 Main Increase/Decrease Factors 】 84.2 7 79.89 80.81 【 Increased/Decreased Values 】 ●Accounts Payable ＋620 million yen 20.26 ●Short-Term Debt ＋1,500 million yen 17
Slide 10: Consolidated Cash Flow Statement Summary
Ⅰ． Interim Results Outline 5. Consolidated Cash Flow Statement Summary (Units: billions of yen) Cash Flow from Operating Activities Cash Flow from Investing Activities Cash Flow from Financing Activities Interim (Year-End) Cash & Cash Equivalents Balance 20. 00 Compared to Year-End Balance 16.42 16.
Slide 11: Capital Investments (Consolidated)
Ⅰ． Interim Results Outline 6．Capital Investments (Consolidated) 【FY2008 Major Capital Investment Details】 (Units: billions of yen) R&D Costs 6.00 Capital Investment First-Half Results Deprecation Costs ① Dies for New Products 240 million yen 4.67 ② Showroom Renovations, etc. 4.35 4.30 4.15 930 milli
Slide 12: Outline of Non-Consolidated Results for Interim Period Ended September 2008
Ⅰ． Interim Results Outline 7. Outline of Non-Consolidated Results for Interim Period Ended September 2008 (Unit: millions of yen) 2008/9 2007/9 Change From 2008/9 2008/9 Compared (Actual Results) (Actual Results) Prev. Period (Initial Plan) (Revised Plan) To Revised Plan Net Sales 52,341 53,149 △1.5
Slide 13: Non-Consolidated Sales Composition by Segment
Ⅰ． Interim Results Outline 8. Non-Consolidated Sales Composition by Segment (Unit: millions of yen) 【2008/9】 Industrial 120,000 Other 118,500 Kitchen Other 109,358 Industrial Kitchen Equipment Equipment 1.8％ 6.0％ 8,553 7.8％ Washstands 9,259 7.8％ 1,850 1.7％ Washstands 4.4％ 100,000 Bathrooms 1,898 1.5
Slide 14: Sales Results for Major Products and Market Share - 1/4
Ⅰ． Interim Results Outline 9. Sales Results for Major Products and Cleanup Market Share - 1/4 Complete System Kitchen Sales Results Demand Trends and Market Share (Thousands (Thousands (Billions of yen) Monetary Value Volume of Sets) of Sets) Demand Volume Cleanup Share （％） 100 300 1,400 30.0 1,247
Slide 15: Sales Results for Major Products and Market Share - 2/4
Ⅰ． Interim Results Outline 9. Sales Results for Major Products and Cleanup Market Share - 2/4 Sectional System Kitchen Sales Results Demand Trends and Market Share (Thousands (Thousands (Billions of yen) Monetary Value Volume of Sets) of Sets) Demand Volume Cleanup Share （％） 10 150 800 30.0 25.0 8 7
Slide 16: Sales Results for Major Products and Market Share - 3/4
Ⅰ． Interim Results Outline 9. Sales Results for Major Products and Cleanup Market Share - 3/4 Modular System Bathroom Sales Results Demand Trends and Market Share (Thousands (Thousands (Billions of yen) Monetary Value Volume Demand Volume Cleanup Share （％） of Sets) of Sets) 20 50 800 770 10.0 767 71
Slide 17: Sales Results for Major Products and Market Share - 4/4
Ⅰ． Interim Results Outline 9. Sales Results for Major Products and Cleanup Market Share - 4/4 Washstands/Vanities Demand Trends and Market Share (Thousands (Thousands (Billions of yen) Monetary Value Volume of Sets) of Sets) Demand Volume Cleanup Share （％） 7 150 2,400 10.0 6 2,000 5.3 5.3 5.2 120 1,
Slide 18: Showrooms and Visitor Numbers
Ⅰ． Interim Results Outline 10. Showrooms and Visitor Numbers (Locations) Number of Showrooms Number of Visitors (Thousands of groups) 240 600 495 200 480 470 500 460 456 450 Prev. Interim Period Current Interim Period 160 380 233 thousand groups 229 thousand groups 400 (-1.6%) 314 120 109 109 109 30
Slide 19: Forecast Consolidated Results for the Period Ending March 2009
Ⅰ． Interim Results Outline 11. Forecast Consolidated Results for the Period Ending March 2009 (Unit: millions of yen) 2008/3 2009/3 2009/3 Change From Compared (Actual Results) (Initial Plan) (Revised Plan) Prev. Period To Initial Plan Net Sales 112,811 122,000 113,500 0.6％ △7.0％ Operating Income △1
Slide 20: Forecast Non-Consolidated Results for the Period Ending March 2009
Ⅰ． Interim Results Outline 12. Forecast Non-Consolidated Results for the Period Ending March 2009 (Unit: millions of yen) 2008/3 2009/3 2009/3 Change From Compared (Actual Results) (Initial Plan) (Revised Plan) Prev. Period To Initial Plan Net Sales 109,358 118,500 110,000 0.6％ △7.2％ Operating Incom
Slide 21: II. Medium-Term Strategy Progress
Ⅱ．Medium-Term Strategy Progress 20
Slide 22: FY 2008 Basic Management Policy
Ⅱ．Medium-Term Strategy Progress 1. FY 2008 Basic Management Policy 1 Focus on Base Building (Establish Foothold) ● “The Kitchen Company” ～Creating a product lineup and system, in our role as the leading company in kitchen- related goods, suited to the needs of a new age and the business environment.
Slide 23: Strengthen Main Products: Recent Efforts
Ⅱ．Medium-Term Strategy Progress 2. Strengthen Main Products ① Recent Efforts Luxury System Kitchen Mid/High-Quality System Kitchen Popular System Kitchen “S.S.” series “CLEANLADY” series “RAKUERA” ● フルモデルチェンジ Sept 2007 Sept 2007 March 2008 ● “S.S.” Full MC ●“CLEANLADY” Full MC ●“RAKUERA” FY 2007 On
Slide 24: Strengthen Main Products: Characteristics of Recently Developed Products
Ⅱ．Medium-Term Strategy Progress 2. Strengthen Main Products ② Characteristics of Recently Developed Products Providing Cleanup technology and quality Actively responding to customer needs ● Adjusting the product lineup to reflect the benefits of S.S. Cleanup’s roots - the stainless kitchen ● Added a
Slide 25: Strengthen Product Lineup: Product MD Map
Ⅱ．Medium-Term Strategy Progress 2. Strengthen Product Lineup ③ Product MD Map In addition to the development of the popular “RAKUERA” class and the introduction of the “light packages” to the luxurious “S.S.” class, the introduction of the “light packages” to the mid- to top-range “CLEANLADY” class
Slide 26: Strengthen Product Lineup: Effects of New Product Introduction
Ⅱ．Medium-Term Strategy Progress 2. Strengthen Product Lineup ④ Effects of New Product Introduction Since the launch of the “S.S. Light Package” in May 2008, Cleanup’s S.S. has rapidly recovered and increased its share of the luxury system kitchen class. Total number of luxury systems shipped Cleanup
Slide 27: System Strengthening Results: Reduced Lead Time
Ⅱ．Medium-Term Strategy Progress 3. System Strengthening Results ① Reduced Lead Time Realization of “One-Week Renovation” with the “CLEANLADY Light Package” on sale from September 1, 2008 We made one-week renovations possible by reducing the lead time in our made-on-demand * We are currently the only
Slide 28: System Strengthening Results: Evolution of Water Section Workshop
Ⅱ．Medium-Term Strategy Progress 3. System Strengthening Results ② Evolution of “Water Section Workshop” ● Began a membership registration system from Nov. 2006 to bring in local, popular contractors (builders, remodeling specialists). ● Nearly all of the member contractors renewed their registration
Slide 29: Business Process Reconstruction: IT System
Ⅱ．Medium-Term Strategy Progress 4. Business Process Reconstruction ① IT System During the current interim period, Cleanup invested 330 million yen in our IT system infrastructure, the foundation of our business process reconstruction. Supporting fast and efficient business operations Business Core A
Slide 30: Business Process Reconstruction: Logistics
Ⅱ．Medium-Term Strategy Progress 4. Business Process Reconstruction ② Logistics The Cleanup Group's logistics reorganization is nearing completion following the April 2008 A new system to achieve merger of Cleanup Logistics Co. and Cleanup further logistics efficiency Transportation Co. Modal shift f
Slide 31: Continuous Strengthening of Food/Housing Communication
Ⅱ．Medium-Term Strategy Progress 5. Continuous Strengthening of Food/Housing Communication ● Continuously holding cooking classes using showrooms ● Newly opened “Dreamia Club,” a Web site providing lifestyle ideas 30
Slide 32: Creation of Home Living Space Services
Ⅱ．Medium-Term Strategy Progress 6. “Creation of Home Living Space Services” Creating lifestyle-satisfying products Providing lifestyle-satisfying information Showrooms are Sales Production Distribution Proposals Home Renovation 【Cleanup】 【Customer Homes】 Relationship Sales Strengthening Design Creat
Slide 33: Cleanup Corporation
For any questions concerning investor relations, please contact: Cleanup Corporation Public Relations Section Tel 03-3810-8241 Fax 03-3893-9577 URL http://www.cleanup.jp/english/index.html 32
Slide 34: Disclaimer
Disclaimer This material is intended to provide information regarding FY2008 Interim Results (April 2008 ～September 2008) and does not constitute a solicitation to invest in Cleanup Co., Ltd.-issued securities. Furthermore, this material was created based upon data current as of November 17, 2008. O