Daito Trust Construction Co., Ltd. · TSE:1878

Daito Trust Construction — Q1 FY2008 Earnings Presentation

19 slides from Daito Trust Construction's earnings presentation, August 2007

  1. Slide 1: 1Q Financial Highlights, Year ending March 2008

    1Q Financial Highlights, Year ending March 2008 Content I. 1Q Financial Results III. Appendix Year ending March 2008 1. Consolidated statements of income・・・・・・・・・・・・・ 5 1. Consolidated results of two companies and 2. Income summary by segment （Construction）・・・・ 6 three companies・・・・・・・・・・・・・・・・・・・・・

  2. Slide 2: 1Q Financial Results, Year ending March 2008

    1Q Financial Results, Year ending March 2008

  3. Slide 3: Consolidated statements of income; Income summary by segment (Construction)

    I-1 Consolidated statements of income millions of yen 04/6 05/6 06/6 07/6 year on year Net sales 78,349 76,815 82,583 74,699 - 9.5% Construction 53,006 48,205 51,982 41,308 - 20.5% Construction sales was Real estate 19,976 21,748 23,141 25,770 +11.4% decreased ¥10.6 Other 5,366 6,862 7,460 7,620 +2.

  4. Slide 4: Income summary by segment (Real Estate); (Others)

    I-3 Income summary by segment （Real Estate） Net sales ¥25.7 billion +11.4%, year on year Gross profit margin 29.7% +0.2 point, year on year (billions of yen) Including whole building lease sales 50.0 29.5% 29.7% ¥4.6 billion 27.3% (¥0, same period last 40.0 22.4% year) 30.0 25.7 21.7 23.1 19.9 20.0

  5. Slide 5: SG&A expenses; Financial Condition

    I–5 Selling, general and administrative expenses SG&A expenses ¥27.3 billion +8.1%, year on year SG&A ratio 36.5 +5.9 point, year on year Personnel cost rose because salespeople was increased Number of salespeople (manager + staff) at the end of June, 2007: 2,987 (+15.1% +391, year on year) (billion

  6. Slide 6: Cash flows; Orders received (non-consolidated)

    I-7 Cash flows Cash flow provided by -33.8 operating activities -35.7 Payment of corporate tax ¥21.6 billion 2.5 Cash flows provided by Acquisition of investment securities -6.0 ¥3.3 billion investing activities -4.2 Cash flows used in -2.7 financing activities 110.5 Cash and cash equivalents at end

  7. Slide 7: Sales efficiency; Tenant recruited and Kyosaikai occupancy rate

    I-9 Sales efficiency ◇Salespeople (staff) ： 2,496 at the end of June 2007 Orders received by each salespeople Number of salespeople (millions of yen) 3,000 2,596 30 2,395 2,496 2,095 25 2,000 14.99 20 13.86 14.63 12.20 15 1,000 10 5 0 0 04/6 05/6 06/6 07/6 Number of salespeople Orders received by ea

  8. Slide 8: Forecast for interim period; Forecast for year ending March 2008

    I–11 Forecast for interim period No change in the initial plan Net sales Operating income (billions of yen) (billions of yen) 400 50 40 300 240.7 259.5 215.0 228.5 27.1 30 22.1 25.2 23.8 200 +7.8% 20 100 10 -12.4% 0 0 04/9 05/9 06/9 07/9(est) 04/9 05/9 06/9 07/9（est） Recurring income Interim net inc

  9. Slide 9: II. Topics

    Ⅱ. Topics

  10. Slide 10: Merger of consolidated subsidiaries; Kyosaikai occupancy rate calculation change

    II-1 Merger of 2 consolidated subsidiaries Units under management (thousand of units) 498,000 units Lease fee payment to 600 Whole building 525,000 units owner is fixed for 10 years 29 thousand lease 56 thousand after building completion. 500 (5.8%) New system (10.7%) 400 Whole building Basically le

  11. Slide 11: III. Appendix

    Il. Appendix

  12. Slide 12: Consolidated results of two and three companies; Subsidiary summaries

    III-1 Consolidated results of two companies and three companies Consolidated results of 2 companies Consolidated results of 3 companies (Daito Trust Construction (Daito Trust Construction Daito Building Daito Building Management) Management Daito Kyosaikai) millions of yen 1Q 1Q 1Q 1Q FY2007 FY2006

  13. Slide 13: Subsidiary summaries (2); Real estate business sales composition

    III-2 Financial summaries of subsidiaries, non-consolidated （２） millions of yen Other business Daito Asia Daito Kyosaikai Care partner Gaspal Development (Malaysia) 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q FY2007 FY2006 FY2007 FY2006 FY2007 FY2006 FY2007 FY2006 Net sales 4,112 4,067 690 301 1,679 2,092 514 382 Gross

  14. Slide 14: Employees by profession; Market share trend and construction starts

    III-4 Trend of number of employees by each profession（non-consolidated） Construction sales Engineers Tenant recruit Total employees (right axis) 4,000 9,000 3,500 8,000 3,000 7,000 2,500 6,000 5,000 2,000 4,000 1,500 3,000 1,000 2,000 500 1,000 0 0 end of June 05 end of June 06 end of June 07 end of

  15. Slide 15: Market shares by regional blocks; Orders received by regional blocks

    III-6 Market shares by regional blocks lease housing starts in FY 2007 （Apr.-May） Share in FY 2007（Apr.-May） Lease housing starts 2,500 25.3% 23.1% Company 2,014 Average 2,000 13.4% 13.3% 9.1% 10.8% 9.1% 6.8% 1,592 5.9% 1,500 2.4% 6.1% 1,287 1,068 1,000 933 671 470 510 500 419 122 0 n) ku o i u hu o

  16. Slide 16: Trend of repeat orders; Diversifying fund-raising channels

    III-8 Trend of repeat orders (billions of yen) 50.0 45.0 40.1 38.6 40.0 38.0 34.5 35.0 30.0 25.0 40.6% 41.8% 20.0 33.8% 33.3% 15.0 10.0 5.0 0.0 04/6 05/6 06/6 07/6 Repeat orders value Repeat ratio Repeat ratio number of repeat orders received from our clients total number of orders received 31 III-9

  17. Slide 17: Efficiency of tenant recruitment; Kyosaikai occupancy rate

    III-10 Efficiency of tenant recruitment Number of employee at term-end 1,000 858 795 787 782 800 +76 employees 600 13.4 13.9 10.8 11.8 400 200 0 04/6 05/6 06/6 07/6 Tenant recruiement staff Tenants placed per person 33 III-11 Kyosaikai occupancy rate Occupancy rate Membership fee rate 98% 0% 97% 2%

  18. Slide 18: Regional occupancy rate (residential properties); Units under management

    III-12 Regional occupancy rate (residential properties) 100% 98.0% 96.9% 96.1% 96.7% 96.4% 96.4% 96.3% 95.5% 95.7% 96.9% 97.6% 94.4% Average 95% 96.0% 95.9% 95.8% 94.6% 94.6% 94.7% 95.3% 94.7% 93.8% 90% 85% 80% 75% 70% ido to n) u i i u hu ku su ka nk ok ok io n us ho et To a Ki Ka ug ik eg kk in Ky

  19. Slide 19: Expansion of Care Partner

    III-14 Expansion of Care Partner ‹Care ‹CarePartner: Partner:49 49centers centers(13 (13centers centersare areopened openedinincurrent currentfiscal fiscalyear) year) Kawaguchi, Kawaguchi,Kariya, Kariya,Kashiwa, Kashiwa,Funabashi, Funabashi,Daito, Daito,Takasaki, Takasaki,Toyama, Toyama,Shunan, Shun

Daito Trust Construction — Q1 FY2008 Earnings Presentation on 6ix