Take And Give. Needs Co., Ltd. · TSE:4331
Take And Give. Needs — H1 FY ending March 2014 Earnings Presentation
31 slides from Take And Give. Needs's earnings presentation, Nov 12, 2013
Slide 1: Briefing Materials for First Half of FY Ending March 31, 2014
TAKE AND GIVE. NEEDS Co., LTD. Briefing Materials for First Half of FY Ending March 31, 2014
Slide 2: Disclaimer and IR contact
This material is intended to provide information about the business performance and strategy of Take and Give. Needs Co., Ltd. (T&G). It is not intended to be and should not be construed as an inducement to purchase or sell stock in T&G. Statements in this presentation and at any explanatory meeting
Slide 3: Agenda
I. Results of First Half FY Ending March 2014 P4-17 1. Summary of Results P5 2. Revisions to full-year earnings forecasts P6 3-1. Consolidated Financial Results P7-14 3-2. Consolidated Balance Sheets P15-16 4. Dividend Forecast for FY Ending March 2014 P17 5. Stock Split and Adoption of Share Unit S
Slide 4: Results of First Half FY Ending March 2014
Ⅰ Results of First Half FY Ending March 2014
Slide 5: Highlights of the First Half of the FY Ending March 2014
Ⅰ 1.Highlights of the First Half of the FY Ending March 2014 Record-high net sales and ¥1.08 billion in operating income (2.5x increase over previous year) H1 and full-year earnings forecasts were revised upward Record-high number of weddings handled at T&G directly operated venues, with unit prices
Slide 6: Revisions to full-year earnings forecasts
Ⅰ 2. Revisions to full-year earnings forecasts Upward revisions to full-year earnings forecasts for fiscal year ending in March 2014 We expect net sales to reach the target of ¥60 billion in the final fiscal year of the medium-term plan Consolidated earnings forecasts for FY March 2014 (Unit: millio
Slide 7: Consolidated Financial Results
Ⅰ 3-1-1. Consolidated Financial Results Solid performance for T&G directly operated venues and the overseas and resort wedding business Net sales rose 18.9% year on year, with both sales and income exceeding forecasts Unit: Plan of H1 Results of Results (Ref.) (Ref.) (First half) Results of million
Slide 8: Sales and Sales Share by Business Segment
Ⅰ 3-1-2. Sales and Sale Share by Business Segment Overseas and resort weddings account for more than 10% of net sales as the overseas business expands steadily Results of Results of Results of (First half) Unit: million yen H1 FY H1 FY H1 FY Changes in sales share by segment Mar-2012 Mar-2013 Mar-20
Slide 9: Number of Weddings Handled
Ⅰ 3-1-3. Number of Weddings Handled The number of weddings handled in the first half rose 17% year on year. We expect the annual number of weddings handled to exceed 18,000 (up 13% year on year) Results of Results of Results of (First half) Year-on-year H1 FY H1 FY H1 FY change Changes in number of
Slide 10: Domestic Wedding Business
Ⅰ 3-1-4. Domestic Wedding Business Orders rose steadily for T&G directly operated venues, and the unit price significantly exceeded the forecast Billing increased for consulting operations due to an increase in the number of hotel affiliations Plan of H1 Results of Results (Ref.) Results (Ref.) Year
Slide 11: Overseas and Resort Wedding Business
Ⅰ 3-1-5. Overseas and Resort Wedding Business Overseas sales rose a sharp 23% year on year Orders were strong for both overseas and resort weddings Plan of H1 Results of Results (Ref.) Results (Ref.) Year- Unit: FY Mar- H1 FY vs. of H1 FY Mar- on-year (First half) million yen 2014 Mar-2014 2013 chan
Slide 12: Gross Profit
Ⅰ 3-1-6. Gross Profit Steady progress with orders and gross profit due to higher revenue Improvement in gross profit margin due to reforms to revenue structure Unit: Plan of Results Results (Ref.) (Ref.) (First half) H1 FY of H1 FY Results of Year-on- Factors behind improvements in gross million vs.
Slide 13: Operating Income
Ⅰ 3-1-7. Operating Income Progress in reducing advertising expenses ratio and cutting rent payments Progress in reducing SG&A expenses by improving cost effectiveness Plan of Results (First half) Unit: Results (Ref.) (Ref.) H1 FY of H1 FY Results of Year-on- Changes in SG&A expense ratio and factors
Slide 14: Ordinary income and net income
Ⅰ 3-1-8. Ordinary income and net income Decline in interest expenses due to reduction in interest-bearing liabilities Ordinary income was up five-fold year on year to ¥1.0 billion and quarterly net income amounted to ¥400 million. (Ref.) Unit: Plan of Results Results Results (Ref.) (First half) Majo
Slide 15: Consolidated Balance Sheets [Assets]
Ⅰ 3-2-1. Consolidated Balance Sheets [Assets] Increase in fixed assets due to acquisition of new venues and business rights Continued progress in improving efficiency of assets End- End- Unit: million March September Change Other Major Factors yen 2013 2013 ◆ Increase in tangible fixed assets (*1) C
Slide 16: Consolidated Balance Sheets [Liabilities and Net Assets]
Ⅰ 3-2-2. Consolidated Balance Sheets [Liabilities and Net Assets] Balance of interest-bearing liabilities continued to fall, reaching ¥17.1 billion Unit: million End- End- Changes in interest-bearing March September Change liabilities balance yen 2013 2013 Effective reduction (excluding BW portion)
Slide 17: Dividend Forecast for FY Ending March 2014
Ⅰ 4. Dividend Forecast for FY Ending March 2014 We plan to pay year-end dividends of ¥12 per share (¥120 per share before stock split). Dividends per share End-Q2 Fiscal year-end Annual total FY ended March 2012 ¥0 ¥100 ¥100 FY ended March 2013 ¥0 ¥120 ¥120 FY ending March 2014 ¥0 ¥12 * ¥12 * (forec
Slide 18: Stock Split and Adoption of Share Unit System
Ⅰ 5. Stock Split and Adoption of Share Unit System Stock split and adoption of a share unit system in accordance with the “Action Plan for Consolidating Trading Units” announced by stock exchanges of Japan • Stock split Method of stock split: Common shares split at a ratio of 1:10 Record date: Septe
Slide 19: Priority Measures for FY Ending March 2014 and Topics
Ⅱ Priority Measures for FY Ending March 2014 and Topics
Slide 20: Priority Measures for FY Ending March 2014
Ⅱ 1. Priority Measures for FY Ending March 2014 Steady growth in existing venues and full-year contribution from BW Generate profit from new venues and affiliations and reform profit structure <153P Priority Strategies> <Priority Measures> <Wedding production services in Asia> Expansion into Shenzhe
Slide 21: Accelerate overseas strategy: Overseas strategy
Ⅱ 2. Accelerate overseas strategy: Overseas strategy Expand local weddings in Asia from China to ASEAN Full-scale launch of shuttle service to resort weddings from locations in Asia <Overall image of overseas strategy> (1) Expand area for Asia wedding production Expansion of bases in China (from S
Slide 22: Wedding production services in Asia
Ⅱ 2-1. <Topic 1> Accelerate overseas strategy: Wedding production services in Asia Expansion to six cities in China and steady increase in five-star hotel affiliations (number of affiliations: 12) Accelerate expansion on basis of sophisticated design capacity and strong procurement capacity <Cities
Slide 23: Overseas and resort weddings: Taiwan shuttle service
Ⅱ 2-2. <Topic 2> Accelerate overseas strategy: Overseas and resort weddings Begin resort wedding shuttle service from Asia on a full scale Affiliate with the Southeast Travel Agency in Taiwan and establish local offices Establishment of Taiwan Salon Local office in Taiwan The flagship salon represen
Slide 24: The Makana Chapel, Sheraton Waikiki Hotel
Ⅱ 2-3. <Topic 3> Accelerate overseas strategy: Overseas and resort weddings The Makana Chapel (Sheraton Waikiki Hotel, Hawaii), opened in June 2013, is off to a strong start. Sheraton Waikiki THE MAKANA CHAPEL Opened June 2013 Just opened in the Sheraton Waikiki Hotel, a large resort hotel in a prim
Slide 25: Production of celebrity parties
Ⅱ 2-4. <Topic 4> Accelerate overseas strategy: Production of celebrity parties World-class celebrity parties are produced here T&G Group’s strengths are praised throughout the world Gene Simmons Wedding party (Maui, Hawaii) Dance space Party space Carmen Electra Anniversary party (Maui, Hawaii) Entr
Slide 26: Expansion of consulting business: Business strategy
Ⅱ 3. Expansion of consulting business: Business strategy Expansion of consulting business capitalizing on the T&G Group’s expertise Exclusive venue and house wedding venue to begin being offered <Overall image of products offered to other grounds> Wedding peripheral field Hotel operations/facility
Slide 27: Expansion of hotel business
Ⅱ 3-1. <Topic 5> Expansion of consulting business: Expansion of hotel business Affiliations began with Yokohama Bay Sheraton and Green Tower Makuhari First project in Tokyo metropolitan region, steady progress in increasing new affiliations Hotel Green Tower Makuhari (affiliation began in November 2
Slide 28: Directly operated venue strategy: openings, M&As, enhancement
Ⅱ 4. Directly operated venue strategy: Venue openings, M&As and enhancement of existing venues Accelerate new venue openings and M&A strategy to expand domestic share Strengthen business foundation for existing venues with regional-based management strategy and corporate structure Projects Projects
Slide 29: New venue openings and M&A
Ⅱ 4-1. <Topic 6> Strengthening directly operated venues: New venue openings and M&A Accelerate venue openings with venue development capacity consolidating BW and T&G’s strengths Build up M&A expertise and increase business rights acquisitions New venue openings Jingu-mae Roku-chome Project (provi
Slide 30: Strategic renovations of existing venues
Ⅱ 4-2. <Topic 7> Strengthening directly operated venues: Strategic renovations Constructive investment to bring out strengths of existing prime venues Strategic renovation of Hillside Club Geihinkan Hachioji Hillside Club Geihinkan Hachioji Opened November 2004 Renovated July 2013 Location: 1-7-8 Mi
Slide 31: To enrich hearts and lives
To enrich hearts and lives
Take and Give. Needs — H1 FY ending March 2014 Earnings Presentation on 6ix