Takamiya Co., Ltd. · TSE:2445
Takamiya — SRG TAKAMIYA — Q1 FY2018 Earnings Presentation
38 slides from Takamiya's earnings presentation, August 2017
Slide 1: SRG TAKAMIYA Co., Ltd. Results Briefing Q1 FY March 2018
SRG TAKAMIYA Co., Ltd. Results Briefing Materials for the First Quarter of the Fiscal Year Ending March 31, 2018 1
Slide 2: Topics
Topics June 28,2017 : "Resolution of the General Meeting of Shareholders" Eight former directors were reelected and two new directors (including one external) were elected, resulting in the new regime consisting of ten directors including two external directors. Two external auditors (including on
Slide 3: Consolidated Financial Results (Cumulative Period)
Consolidated Financial Results (Cumulative Period) 1Q FY Ending March 31, 2018 1Q FY Ending March 31, 2018 1Q FY Ended March 31, 2017 Consolidated Results Forecast（Non-disclosure） Results Results % change （Unit:million yen） (YoY) Sales ratio Sales ratio Sales ratio Net sales － － 8,761 － 8,142 － +7.6
Slide 4: Summary of 1Q FY Ending March 31, 2018
Summary of 1Q FY Ending March 31,2018 1Q eventually resulted in higher level than as initially expected, but rental business and overseas business were recognized as having challenges. Rental Business Hory Korea Co.,Ltd. Although large-scale investment in assets for rent has Since the second half of
Slide 5: Factors behind net sales versus initial plan
Factors which caused net sales being less than as planned at the beginning of the period （Unit:million yen） 【 Sales business 】 • Sales of the Iq System maintained steady 10,000 growth. • General-purpose products such as AL- 9,000 +117 +47* 8,761 SPEEDER (baseboard) and clamp also took +235 +219 the
Slide 6: Factors behind operating income versus initial plan
Factors which caused operating income being less than as planned at the beginning of the period （Unit:million yen） 【 Sales business】 • Profitability got higher year-on-year thanks 400 to the Iq System, as well as revenue effect, sales of assets for rent, and efforts +73 (189) towards cost reduction.
Slide 7: Change in Consolidated Balance Sheet
Change in Consolidated Balance Sheet Investments and other assets Intangible assets Property, plant and equipment 【Assets】 Current assets Net assets Non-current liabilities 52,760 Current assets （ Unit : million yen ） 50,091 50,325 Decrease in Cash & Deposit:1,300 million yen Decrease in Work in pro
Slide 8: Sales business (Per Quarter)
Sales business (Per Quarter) Fiscal Year Ended March 31, 2017 Fiscal Year Ending March 31, 2018 (Unit : million yen) Segment sales Segment profit Segment profit resio 4,611 4,185 4,040 3,887 3,652 15.8% 12.9% 17.3% 10.6% 11.9% 386 729 541 700 462 % change (YoY) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Segment sales
Slide 9: Sales business: Net Sales by Field
Sales business : Net Sales by Field (Unit: million yen) 11,767 1,812 1,842 2,953 1,069 406 453 4Q 2,881 228 515 502 3Q 288 3,336 2,772 406 523 551 379 2Q 319 211 2,597 2,772 234 485 523 336 379 211 1Q FY Ended FY Ending FY Ended FY Ending FY Ended FY Ending FY Ended FY Ending March 31, March 31, Mar
Slide 10: Sales business: Recent prevalence of the Iq System
Sales business : Recent prevalence of the Iq System Sales of the Iq System maintained steady growth and contributed also to the performance of sales segment. Recent prevalence of the Iq System（Unit : m2） * Calculated as that of [assets for rent in possession] + [cumulative sold amount] 365 388 232 I
Slide 11: Rental Business (Per Quarter)
Rental Business (Per Quarter) Fiscal Year Ended March 31, 2017 Fiscal Year Ending March 31, 2018 （Unit:million yen） Segment sales Segment profit Segment profit resio 5,538 6,173 5,490 5,011 5,230 14.5% 15.8% 5.8% 15.5% 678 823 3.6% 377 388 188 % change (YoY) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Segment sales +11
Slide 12: Rental Business: Change in Shipment Value of Rental Equipment
Rental Business : Change in Shipment Value of Rental Equipment Amount of returned equipment at the end of the previous term was greater than as initially expected, and out-going shipment (rental amount) got a late start at the beginning of the current term. Shipment value of Shipment value of rental
Slide 13: Rental Business: Ratio of Sales by Area
Rental Business: Ratio of Sales by Area 1Q FY Ended March 31, 2017 1Q FY Ending March 31, 2018 3.6% 4.5% 12.5% Tohoku 13.7% 26.1% 32.9% Kanto Chubu Kansai 40.4% 13.7 Kyusyu 42.0% 10.6% % 【Example of sites with orders received】 ・Renovation of a power plant ・Renovation of a public housing ・Renovation
Slide 14: Rental business: Iq system, Change in value of holdings
Rental business: Iq system,Change in value of holdings Both value of holdings and utilization rate are increasing, and higher utilization rate is expected also during the current term. Amount held by Iq operation rate 61.9% 56.8% 54.8% 45.7% 8348 8726 Number of sites with 6299 rental orders exceeded
Slide 15: Overseas business (Per Quarter)
Overseas business ( Per Quarter) Fiscal Year Ended March 31, 2017 Fiscal Year Ending March 31, 2018 (Unit : million yen) Segment sales Segment profit Segment profit resio 1,263 1,006 997 1,123 930 (2.5)% (0.4)% (25) (8.2)% (76) (3.2)% (31) (4.5)% (56) (4) % change (YoY) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Segme
Slide 16: Overseas business
Overseas business Sales Ratio by Segment Hory Korea Co., Ltd. • Further strengthening management regime 11.0 continues. • Preparation for rental business and allocating % allowance for doubtful account, etc. contributed to operating loss in the 1Q. 38.0% 1Q FY Ending March 31, 2018 HORY VIETNAM Co.,
Slide 17: Future prospects and policies
Future prospects and policies More repeated order for the next-generation scaffolding "Iq System". Enhanced sales activities targeted at new customers. Sales First installation of weather-resistant pipe house for agriculture business. Increasing number of quotation and order-taking nationwide. Delay
Slide 18: FY2017 Consolidated performance forecast
FY2017 Consolidated performance forecast（Cumulative period） (Unit : million yen) 2Q 4Q % change (YoY) % change (YoY) Net sales 18,280 4.3% 38,300 4.2% Operating income 900 （6.9）% 2,850 17.3% Ordinary income 770 3.9% 2,600 11.3% 490 1,700 Profit attributable to owners of parent 16.6% 12.1% Earnings p
Slide 19: Dividend
株主還元の状況 FY Ending March 31, FY Ended March FY Ended March 31, FY Ended March 31, FY Ended March 31, 2018 31, 2014 2015 2016 2017 (Forecast) Dividend ¥13 ¥16 ¥10 ¥10 ¥11 1Q － － － － － 2Q ¥5 ¥7 ¥3.5 ¥3.5 ¥4.0 3Q － － － － － ¥9 4Q ¥8 * Ordinary dividend ¥6.5 ¥6.5 ¥6.5 ¥7.0 Commemorative dividend ¥2.5 Tota
Slide 20: Reference materials
Reference materials 20
Slide 21: Company Overview of SRG TAKAMIYA CO., LTD.
Company Overview of SRG TAKAMIYA CO., LTD. Trade name SRG TAKAMIYA CO., LTD. Incorporation June 21, 1969 Representative President and representative director, Kazumasa Takamiya Capital 714,770,000 yen Number of employees Consolidated : 1,010; Non-consolidated : 452 (As of end-March, 2017) Registered
Slide 22: History
History • 1969 Jun. Founded as Shin Kansai Co., Ltd., currently SRG TAKAMIYA CO., LTD., in Osaka City. • 1990 Mar. Established Iwata Ltd. (currently IWATA Co., Ltd., a consolidated subsidiary) in Wakayama Prefecture. • 1994 Jul. Established Rental Nagakita Ltd. (currently SHINKEN NAGAKITA Co., Ltd.,
Slide 23: Business Diagram
Business Diagram Overseas Manufacture and sales of Manufacture and sales of Japanese and overseas manufacturers and manufacturers temporary equipment and materials Products emporary equipment and materials distributors of temporary equipment and materials, and distributors of general trading company
Slide 24: Sales business
Sales business Construction-related Construction-related Construction-related Construction-related Joint(clamp) Next generation scaffolding Hanging type scaffolding Safety member General-purpose equipment used in （Iq system) (Spider Panel) Preceding handrails, baseboards, any work sites New scaffold
Slide 25: Rental business
Rental business Architecture Bridge Underground work Plant High-rise buildings, high-rise Expressways, railroads, elevated Shield tunneling construction such Construction and maintenance of condominiums, warehouses, highways, bridges, etc. as subways, pipe lines, and utility treatment plants, incine
Slide 26: Overseas bases and business activities
Overseas bases and business activities Hory Korea Co.,Ltd HORY VIETNAM Co.,Ltd DIMENSION-ALL INC. ※The Philippines Manufacture and sales of temporary Manufacture of clamps for Japanese Sales/rental of formwork and equipment for construction work; markets; Manufacture of clamps falsework for construc
Slide 27: Change in Domestic Construction Investment
Change in Domestic Construction Investment Source : The Ministry of Land, Infrastructure, Transport and Tourism Data release : July 2017 FY 2017 Up 1.6% FY 2018 Up 4.7% (Forecast) 54,960 51,298 51,141 50,820 52,470 45,291 167,800 129,483 141,584 149,600 157,000 Private non-housing 114,800 investment
Slide 28: Changes in invested amount for domestic building reform/renewal
Changes in invested amount for domestic building reform/renewal Source : RICE Data release : July 2017 UP 5.1% YoY 16,070 15,290 11,780 58,100 11,020 55,500 9,930 9,030 40,500 47,800 Housing 38,400 33,300 investment 97,400 102,600 77,300 non-housing 57,000 62,400 60,900 investment （ Unit: ¥ billion
Slide 29: Change in Domestic Construction Investment
Change in Domestic Construction Investment （Unit:billion yen） Government investment Private investment Renovation and renewal investment 35,000 32,730 31,380 29,700 28,740 28,279 30,000 25,574 25,000 22,560 22,861 22,230 21,120 21,090 19,717 20,000 15,290 16,070 15,000 11,780 11,020 9,930 9,030 10,0
Slide 30: Utilization rate and net sales of scaffolding leasing companies
Change in utilization rate of construction materials and equipment and in net sales of 50 companies in the scaffolding and construction materials leasing business （Unit:%） （Unit:million yen） 80.0 Net sales Framework Scaffolding Falsework Members 25,000 70.0 20,000 60.0 50.0 15,000 40.0 10,000 30.0 2
Slide 31: Change in Financial Results
Change in Financial Results （Unit:million yen） Net sales Operating income 36,763 34,261 34,350 3,098 2,983 9,783 737 8,828 8,783 995 2,429 667 9,460 806 4Q 9,072 8,764 3Q 861 796 2Q 9,377 8,436 9,010 1,121 1Q 8,761 872 693 7,925 7,791 8,142 8,761 259 434 253 272 259 FY Ended March FY Ended March FY
Slide 32: Change in Overseas Market
Change in Overseas Market (Billion dollars) Country (Million people) 2011 2012 2013 2014 2015 2016 2017 Nominal GDP 6,157 6,203 5,155 4,849 4,382 4,939 4,841 Japan Population 128 128 127 127 127 127 126 Nominal GDP 1,202 1,223 1,306 1,411 1,383 1,411 1,498 South Korea Population 50 50 50 51 51 51 51
Slide 33: Change in Consolidated Financial Results
Change in Consolidated Financial Results FY Ended March 31, FY Ended March 31, FY Ended March 31, FY Ended March 31, FY Ended March 31, FY Ended March 31, (Unit: million yen) 2012 2013 2014 2015 2016 2017 Net sales 23,201 28,113 32,443 34,261 34,350 36,763 Gross Profit 7,202 8,196 9,832 10,356 11,29
Slide 34: Change in Consolidated Balance Sheet
Change in Consolidated Balance Sheet FY Ended March 31, FY Ended March 31, FY Ended March 31, FY Ended March 31, FY Ended March 31, FY Ended March 31, (Unit: million yen) 2012 2013 2014 2015 2016 2017 Current assets 12,202 13,725 15,892 18,213 19,769 20,557 Non-current assets 20,269 20,262 21,353 25
Slide 35: Quarterly Change in Results by Segment (Per Quarter)
Quarterly Change in Results by Segment (Per Quarter) (Unit: million yen) Fiscal Year Ended March 31, 2017 Fiscal Year Ending March 31, 2018 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Sales Segment sales 3,652 4,611 4,185 4,040 3,887 － － － business (Of which) Inter-segment sales 2,561 3,491 2,924 3,558 2,804 － － － Segm
Slide 36: Quarterly Change in Results by Segment (Cumulative Period)
Quarterly Change in Results by Segment (Cumulative Period) (Unit: million yen) Fiscal Year Ended March 31, 2017 Fiscal Year Ending March 31, 2018 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Sales Segment sales 3,652 8,263 12,448 16,489 3,887 － － － business (Of which) Inter-segment sales 2,561 6,052 8,977 12,535 2,804 －
Slide 37: Stock Price of SRG TAKAMIYA (2445:Tokyo)
Stock Price of SRG TAKAMIYA (2445:Tokyo) Average daily trading volume Stock price 600,000 • January 2015: 2-for-1 stock-split 1,200 • July 2013: Disposal of treasury shares • April 2013: 2-for-1 stock-split 500,000 1,000 Aug. 2016 Treasury stock acquisition 400,000 800 300,000 600 200,000 400 100,00
Slide 38: Contact: PR / IR Section, SRG TAKAMIYA Co., Ltd.
IRコンタクト Contact: Takashi Kawabata, PR / IR Section, Corporate Planning Division, SRG TAKAMIYA Co., Ltd. https://www.srg.jp/en/ir/index.html (English) URL: https://www.srg.jp/en/index.html (English) E-mail: ir@srg.jp Address: Grand Front Osaka, Tower B, 27F, 3-1 Oofuka-cho, Kita-ku, Osaka, 530-0011,