Takamiya Co., Ltd. · TSE:2445
Takamiya — Q1 FY2026 Earnings Presentation
52 slides from Takamiya's earnings presentation, August 2025
Slide 1: TAKAMIYA
TAKAMIYA
Slide 2: Results Briefing Materials for the First Quarter of the Fiscal Year Ending March 31, 2026
Results Briefing Materials for the First Quarter of the Fiscal Year Ending March 31, 2026 Takamiya Co., Ltd. (2445:Tokyo) Grand Front Osaka Tower-B Bldg.27F 3-1, Ofuka-cho, Kita-ku, Osaka 530-0011, Japan TEL : +81-6-6375-3900 FAX : +81-6-6375-8825 Page 2
Slide 3: Agenda
Agenda ・ Topics ・ Explanation of Consolidated Financial Results ・ Future outlook ・Stock information ・ Appendix Page 3
Slide 4: Topics
Topics May 27, 2025 ・Notice Concerning Change of Independent Auditor ・Notice Regarding the Revision of Numerical Targets in the Medium-Term Business Plan June 20, 2025 ・Notice Regarding Submission of Plan for Compliance with Prime Market Listing Criteria for Market Capitalization of Tradable Shares
Slide 5: Explanation of Consolidated Financial Results
Explanation of Consolidated Financial Results Page 5
Slide 6: Executive Summary
1. Consolidated Financial Results (April 2025 to June 2025) 1.1 Executive Summary Progress of the Platform Business Driven by growing demand for solutions including OPE-MANE, the Platform business has expanded significantly. Sales of OPE-MANE increased by approximately 200% year-over- year. As a res
Slide 7: Consolidated Financial Results
1. Consolidated Financial Results (April 2025 to June 2025) 1.2 Consolidated Financial Results Due to the growth of the Platform business, the gross profit margin is showing an improving trend. However, selling, general, and administrative expenses have increased due to higher investments in human c
Slide 8: Progress
1. Consolidated Financial Results (April 2025 to June 2025) 1.3 Progress Although profits have declined year-over-year due to the investment phase associated with the business transformation, performance is progressing smoothly in line with the initial earnings plan. FY26 9,904 YoY Net Sales FY25 9,
Slide 9: Comparison of consolidated indicators: net sales and operating income
1. Consolidated Financial Results (April 2025 to June 2025) 1.4 Comparison of consolidated performance indicators with the same period of the previous year The newly established Platform business segment has maintained a high profit level due to significant increases in both revenue and profit. Net
Slide 10: Comparison of EBITDA and ordinary income
1. Consolidated Financial Results (April 2025 to June 2025) 1.5 Comparison of consolidated performance indicators with the same period of the previous year EBITDA exceeded the level of the previous year, investment recovery is progressing, and profitability has improved. EBITDA 36 million yen increa
Slide 11: Trends in Gross Profit Margin and Operating Income Margin
1. Consolidated Financial Results (April 2025 to June 2025) 1.6 Trends in Gross Profit Margin and Operating Income Margin The growth of the Platform business has led to an improvement in the gross profit margin; however, selling, general, and administrative expenses increased due to investments in h
Slide 12: Summary of Results by Segment
2. Cumulative results by segment (April 2025 to June 2025) 2.1 Summary of Results by Segment Operating income in the platform business grew significantly, and the portfolio transformation is progressing smoothly. Segment Sales Segment Operating Income（margin） 1Q FY2025 1Q FY2026 YoY 1Q FY2025 1Q FY2
Slide 13: Change in Segment Revenue Composition Ratio
2. Cumulative results by segment (April 2025 to June 2025) 2.2 Change in Segment Revenue Composition Ratio With the widespread adoption of OPE-MANE, the procurement method for temporary equipment has shifted from traditional purchasing, leading to a decline in the Sales business revenue ratio. Meanw
Slide 14: Change in Segment Operating Income Composition Ratio
2. Cumulative results by segment (April 2025 to June 2025) 2.3 Change in Segment Operating Income Composition Ratio With the widespread adoption of OPE-MANE, the procurement method for temporary equipment has shifted from traditional purchasing, causing a decline in the Sales business’s operating in
Slide 15: Platform Business: Factors behind changes
3. Platform Business 3.1 Factors behind changes from the same period of the previous fiscal year The number and value of new OPE-MANE account contracts increased, driving the expansion of recurring revenue through additional contracts and greater use of ancillary services. Segment Sales 490 million
Slide 16: OPE-MANE Contract Subscribers and Contract Order Value
3. Platform Business 3.2 Number of OPE-MANE Contract Subscribers and Contract Order Value There is a recurring trend of increased activity toward the second half of the fiscal year, when construction projects are concentrated, while investment is typically restrained in the first half. Number of OPE
Slide 17: OPE-MANE Contract Volume and Rental Usage
3. Platform Business 3.3 Trends in OPE-MANE Contract Volume and Rental Usage by OPE-MANE Users With the increase in OPE-MANE sales contract value, rental revenue (recurring revenue) generated by users has also grown. In the following fiscal year, rental revenue equivalent to the cumulative sales con
Slide 18: Sales Business: Factors behind changes
4. Sales Business 4.1 Factors behind changes from the same period of the previous fiscal year Due to construction delays caused by labor shortages and price revisions driven by rising raw material costs, the trend toward rental usage has been strengthening. In line with this, the use of OPE-MANE is
Slide 19: Sales by Sector
4. Sales Business 4.2 Sales by Sector The trend toward OPE-MANE and rental procurement has strengthened, leading to a decline in temporary equipment-related revenue; however, sales of scaffold trade-ins have increased. Construction temporary equipment Secondhand Including Iq systems, suspended scaff
Slide 20: Rental Business: Factors behind changes
5. Rental business 5.1 Factors behind changes from the same period of the previous fiscal year As the anticipated large-scale projects began smoothly and entered the shipping phase, profitability improved. Subsidiaries specializing in niche fields also recorded sales exceeding those of the previous
Slide 21: Rental Asset Utilization Rate
5. Rental business 5.2 Rental Asset Utilization Rate While rental volume is on an upward trend, the utilization rate declined compared to the previous fiscal year due to an increase in owned assets driven by investments in rental equipment. Rental asset utilization rate Total Rental Asset Holdings T
Slide 22: Utilization Rates by Rental Asset Classification
5. Rental business 5.3 Utilization Rates by Rental Asset Classification To strengthen supply capacity in preparation for large-scale projects, investments were made in rental assets, resulting in an increase in inventory. While the utilization rate declined due to the higher asset base, rental volum
Slide 23: Overseas Business: Factors behind changes
6. Overseas business 6.1 Factors behind changes from the same period of the previous fiscal year Although external sales at subsidiaries in South Korea and the Philippines declined due to worsening market conditions, efforts to strengthen the business foundation progressed steadily. In addition, slu
Slide 24: Changes in major accounts
7. Consolidated Balance Sheets 7.1 Changes in major accounts In order to expand platform functionality, strategic investments were made alongside planned financing. Sales and production activities were conducted with inventory levels in mind, aiming to improve ROIC. Investments and other assets Inta
Slide 25: Future outlook
$ TAKAMIYA Future outlook
Slide 26: Progress Toward FY March 2026 Earnings Plan
Progress Toward FY March 2026 Earnings Plan The plan anticipates growth in profits at each stage toward the second half of the fiscal year, when construction activity is expected to peak. Key performance indicators are progressing smoothly in line with the initial plan. Plan 2Q 22,550 Full Year 49,4
Slide 27: Investment Plan and Performance Trends
Investment Plan and Performance Trends Various investments were made in line with the plan to enhance platform functionality and promote digital transformation (DX). Investment Policy ◼ Capital Investment Base ◼ Rental Asset Investment To enhance the convenience of our solutions, we plan to open new
Slide 28: Industry Environment: Construction Investment
Industry Environment Construction investment amounts have been increasing year by year, and due to the influence of the National Resilience Plan, they are expected to continue rising after fiscal year 2026. *FY ended/ending March 31 *Unit: Billion yen Trend in Construction Investment Amounts Nominal
Slide 29: Industry Environment: Labor Shortage
Industry Environment While construction investment is increasing, the number of workers in the construction industry is declining. Due to the effects of the 2024 labor reforms, working hours have also decreased, resulting in a significant labor shortage. Trends in Number of Construction Workers Tren
Slide 30: Platform Business
Platform Business Providing solutions to industry challenges to support infrastructure maintenance Market Construction investment is 79 trillion yen, and a stable volume of construction work is expected Environment Decrease in the number Challenges Reduction in working hours High number of occupatio
Slide 31: Solutions: Labor Saving / Cost Reduction
Solutions Providing solutions to various industry challenges Labor Saving / Cost Reduction BIMCIM OPE-MANE Scaffold Transport Robot TLEVER Information related to drawing creation in temporary A new scaffolding procurement method that reduces Reduces scaffold transport work to one-third, realizing co
Slide 32: Solutions: Safety and Securing Manpower
Solutions Providing solutions to different industry challenges Improving safety Securing manpower Securing Workforce Aging Strength Testing Safety Education Deploy a recruitment platform targeting scaffolding Conduct strength tests on aged temporary equipment to ensure Offer various workshops and ma
Slide 33: Correlation between platform business and consolidated performance
Correlation between the platform business and consolidated performance As the share of the platform business in the segment sales composition ratio increases, the gross profit margin improves. Correlation between segment sales composition ratio and consolidated gross profit margin Sales Gross profit
Slide 34: Platform Business-Related KPIs
Platform Business-Related KPIs Aiming to increase recurring revenue through the growth in the number of OPE-MANE accounts and sales, which are key indicators of the solution's performance. Trends in OPE-MANE Account Numbers and Sales Cumulative Number of OPE-MANE Account Companies New Accounts: 80 c
Slide 35: Innovation Adoption Model
Innovation Adoption Model As the adoption of our scaffolding products progresses and reaches the critical mass point, the spread of our platform will accelerate. Innovation Adoption Model Innovators Early Adopters Early Majority Late Majority Laggards Scaffolding Market Assumption: Estimated Total M
Slide 36: Iq System Adoption Status
Iq System Adoption Status Iq System Adoption Area(Cumulative area including our rental assets and sales achievements)Total cumulative adoption area: 12.56 million m² Critical Mass Point: 16 million m² +13 The remaining adoption area is 3.44 million square meters. The average annual increase in adopt
Slide 37: Iq System Adoption Status: Sales
Iq System Adoption Status Development of high value-added services has led to an increasing trend in both new and additional purchases. Iq System Sales Cumulative number of sales for Iq System Cumulative number of sales: 599 companies Cumulative sales amount 31.1 billion Yen 4,294 +14 3,917 +73 3,50
Slide 38: Iq System Rental Asset Utilization Rate
Iq System Adoption Status As the IQ system inventory increases, the utilization rate decreases, but the lending volume shows an increasing trend. Rental Asset Utilization Rate 85.0% 25,000 80.0% 75.3% 20,000 75.0% 72.0% 72.6% 70.1% 68.3% 68.2% 15,000 70.0% 67.4% 65.0% 10,000 60.2% 59.1% 60.0% 5,000
Slide 39: Stock Information
$ TAKAMIYA Stock Information
Slide 40: Stock Information: Basic Information
Stock Information Basic Information In the name of Stock Information Financial Instruments Business Operators treasury stock 1.33% 621 thousand shares 0.02% Listed on Tokyo Stock Exchange Prime Market Foreign corporations 7thousand 6.49% shares Securities code 2445 3,025 thousand Share Unit 100 shar
Slide 41: Number of Shareholders and Shareholder Composition
Stock Information Number of Shareholders and Shareholder Composition The number of shareholders is on an increasing trend, with a rising proportion of corporate. End of March 2022 End of March 2023 End of March 2024 End of March 2025 Number of shareholders at end of the period 4,052 4,159 4,704 5,65
Slide 42: Shareholder Returns
Stock Information Shareholder Returns The dividend policy is progressive, with a target payout ratio of 35% or higher. With a forecasted annual dividend of 16 yen for the fiscal year ending March 2026. Dividend Performance (Unit:1yen) 10 10 8 8 8 Year-end dividend Interim dividend 6 6 6 6 6 FY2022 F
Slide 43: Stock Price Range
Stock Information Stock Price Range Stock price as of June 30: ¥326, Average daily trading volume: 97,853 shares (from April 1, 2025 to June 30, 2025). Average daily Stock Price trading volume > Gray line is the 12-month moving average of the stock price. 600,000 1,200 500,000 1,000 400,000 800 300,
Slide 44: Appendix
$ TAKAMIYA Appendix
Slide 45: Financial Highlights
Financial Highlights FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Net sales 32,443 34,261 34,350 36,763 36,114 42,182 46,055 38,812 39,800 41,894 44,127 43,827 Gross profit on sales 9,832 10,856 11,291 10,991 10,431 12,132 14,014 10,996 11,181 12,587 14,428 14,
Slide 46: Financial Highlights: Balance Sheet
Financial Highlights FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Current assets 15,892 18,213 19,769 20,557 20,136 22,781 26,408 24,907 26,681 28,430 29,073 28,888 Non Current assets 21,353 25,307 30,321 32,203 32,677 31,632 32,873 31,547 32,399 34,318 39,871
Slide 47: Non-financial highlights
Non-financial highlights FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Number of employees (consolidated) (persons) 903 979 1,010 1,144 1,204 1,298 1,221 1,222 1,266 1,327 1,392 34.9 Ratio of women (consolidated) (%) ‐ ‐ ‐ 31.8 30.8 32.3 34.9 36.3 33.1 35.3 22.5 Ratio
Slide 48: Performance Trends
Performance Trends Trends in Net Sales Trends in operating income 11,773 930 11,944 11,492 10,312 11,208 999 9,976 10,054 9,783 9,190 4Q 8,783 995 12,194 707 859 3Q 11,135 11,390 11,098 667 10,887 9,217 9,800 647 9,460 9,049 1199 2Q 8,764 745 861 299 919 13 1Q 11,936 796 475 695 11,028 10,781 10,896
Slide 49: Number of Shares Issued and Earnings per Share (EPS)
Number of Shares Issued and Earnings per Share (EPS) Changes in issued shares *Unit: 1,000 shares Earnings per share *Unit: Yen 52.74 46,577 46,577 46,585 46,585 46,585 46,585 48.12 40.53 38.22 35.14 45,447 45,467 45,304 45,304 31.36 29.26 26.65 20.73 18.41 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY
Slide 50: Quarterly Results by Segment (Cumulative)
Quarterly Results by Segment (Cumulative) Fiscal Year Ended March 31, 2024 Fiscal Year Ended March 31, 2025 Fiscal Year Ended March 31, 2026 *Unit: Million yen 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Platform business Segment sales 330 800 1,569 2,796 966 2,191 3,276 5,184 1,456 Of which, sales to 330 8
Slide 51: Quarterly Results by Segment
Quarterly Results by Segment Fiscal Year Ended March 31, 2024 Fiscal Year Ended March 31, 2025 Fiscal Year Ended March 31, 2026 *Unit: Million yen 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Platform business Segment sales 330 470 769 1,226 966 1,224 1,085 1,908 1,456 Of which, sales to 330 470 769 1,226 96
Slide 52: IR Contact
IR Contact Company name : Takamiya Co., Ltd. Address : 〒530-0011 3-1, Ofukamachi, Kita-ku, Osaka Grand Front Osaka Tower B 27F HP : https://corp.takamiya.co/en/ IR website : https://corp.takamiya.co/en/ir/ TEL : 06-6375-3918 (Corporate Planning Department) FAX : 06-6375-8827 Mail : ir@takamiya.co Th