Slide 1: Fiscal 2019 Q2 Earnings Presentation
$572HA(20194F9AHA) 5s 2 VU RA ASS hI EL > yokorei
Slide 2: Table of Contents
EX — Table of Contents 1 .2019F9 AA S8200HRA KE yy OK 1V.20194F9A 8A iRASa AR T..20194F9 A 8A SS22U-+HR RE OLY U— V SB7UR PARES 1. BRASS Growing Value 2020 2. CIXY hE we 3. TERESA RRO ‘mkt eESet 4. Fry l3170-itse 5. RERBTORR 1.CS ROBO HAH eR TE amit At ® yokorei
Slide 3: FY2019 2nd Quarter Topics
I. 2019£9A BA 2 MU+RAKE VOR FY2019 2" Quarter Topics @® yokorei
Slide 4: Q2 2019 Topics
Le 201I9AHA 2+ WIA ea eens 201811 Ae T 42h BWX COAIL1 OPMABERL27E RO (ASH) x WRB] = Vase] D< SMR I— UREN) Peas Ee, 2018712 RWB <(eH CAL FMT S CRIA CURBED 100759 KY 2H ASCaeaik OHMS BUR CHAICHOMLIe, FRATAERKESS AOE OH PATITDIL > Y—-I—KOHeité Bd 45 ASC - CoCz2iEOEVE - HEME CoCsslk DEVE ae eR DT eA CRI
Slide 5: Q2 FY2019 Results Summary
I. 2019F9A FA Bp 2 WU-F RH REOY U— @® yokorei
Slide 6: Consolidated results summary
1iisiamataS Paes bang she PR 12.9% BF Pm 1.4018 (84: 7579) 18/09%} 19/0984 Lab cte 18/115 ene SB 20U4HA SB 204A esl Jee BRP bal ik B 82,780 72,091} A10,688 A12.9% 150,000 48.1% = Fl 2,593 2,629 36 1.4% 5,800 45.3% = Fl 2,676 2,872 195 7.3% 6,000 47.9% rae ed 1,644 1,798 154 9.4% 3,700 48.6% wi IR wm
Slide 7: Results by segment
2.COIX>Y Ka TRESS Pe UNTE ae (#1: BAF) Beales 18/0988 19/0988 BIE IaIBEL 18/0988 19/0988 RISE TAIRBEL ime BSS 12,927 14,070 1,142 8.8% 3,221 3,475 253 7.9% Rails Ss 69,824 57,993} A11,831) A16.9% 588 414 A173) A29.5% tort 28 28 0} A1.1% 27 29 2 9.0% @ at 82,780) 72,091} A10,688) A12.9% 3,837 3,920 8
Slide 8: Segment results: net sales
2.CIRXY KAME Ate wae oo tis P 14,0708 (BiH +1,1428 54 : 8.8%18) (E/MEREA) ZO BCC (347 : BAA) iPS +133 A7 14,000 12,927 - Zh 15.0% 12,000 to : 14.7% 3HBS6.4% 0,000 3E56.4% [RE smxAVInG 8% 10, A mR9.3% TR aus H rpyens| +t, 8,000 rpyeus! A 2018% 6,000 SSMEROWR ABRRS 8.0%18 funy E=A=CVa=s4 5.3%18 4,000
Slide 9: Segment results: operating profit
2.CIRXY KAW Salle » 347580 (si eRAIt+ 253858 : 7.9%!) (EM RBA) (at: BPD sees COME ACR +15 A172 ai hie AES es A904 ; BHR i A164 E FEARS A105 3,221 ERE at cone PURE A943 sg COMREEL A145 ST LMAROE MERE Theta 8 +114255R (RBA - ARAMA DIBIMSS) Metal A172BAF (@axSsSsPnbax(c HS) MRA A165BHA (aaxssernblax(cH
Slide 10: Segment results detail
2.CIX>Y KiVRE he aa Solis » 57,9938 (sitiHAItA11,831554 : 16.9%) (E723 RER) (Siz : BPS) RBS ent 7K ia 70,000 69,824 +1,556 +98 A10,616 Ben cont me 1.2% 0.4% “ 60,000 em " 31.8% “ WNBA A13,485 eae 1.1% 0.7% 2 HWE) +1,654 Hein, 50,000 4eER =| 13% iad / A11,831 40,000 ee 4.2% 30,000 0.000 Sst LeOERRY E
Slide 11: Segment results detail
2.0IXDY KRIE MFIZ6 & 4145 (AERMILAI735 5A ; 29.5%) (Ee BR) (Bz : BFA) SEE KER +522 A692 588 50 Linea tat A209 OnA ee AL AVRIBURE peceneasea, maseee en. *. fh MRD 448 A771 ST LRAROT MARE A 7k an DIN +2028AFI Os) A4638AF Ayr A231555 aD A1348AR SER FLD +11685F9 20095 Pe R-9 A 99 EER +5228 @® yokorei
Slide 12: Balance sheet
3. TERRE ERA OHI GEKA) (3: AF) z 18/0988 19/0988 8 “Oe 18/0988 19/0988 ae se2a some || Te Fu MBE Sey | ITN RARE 78,436 67,201 | A11,235 || FiepAts 58,741 53,653 A5,087 ToHMBNE 23,247 20,157 | A3,089 BEMAS 7,216 5,254 A1,961 ian 36,222 25,340 | A10,882 JUBA - +H +1 42,943 41,824 A1,118 Bilseae - REE
Slide 13: Cash flow
4.47 vy 170-783 (ef) 14,000 11,946 000 | 4,070 “11,000 A 10,130 aT 6,000 15,483 A14,200 BC Fr MERORMD +5084 RES MRA SAMA +2818 +22R) Poaiqi Fala +2718 PSHBAEO Asta }RBCF DJU-CF AMREERENSS A102189 BIS RIRALL +106(8 BAIICKSSMH A548 15,091 () 18/098 @ 19/09A#8 4,331 435 CF GAZ +5218 RAs A778 REROREASY
Slide 14: Dividends and capital returns
5 REETOKR 23 > RARER CRB AYE 17/0988 18/0934 19/0988 (FA/ 14k) Rie Ria PIE rAd 10.0 10.0 11.5 AAO 10.0 13.0 11.5 Goi 20.0 23.0 23.0 25 100.0 20 mm FRCL 15 50.0 | mB 10 mn FRI ° — ReYt 0 0.0 (HBN-Z) (Fa) 17/0988 18/09%4 19/0988 (%) LH 2 PE @® yokorei
Slide 15: CSR Activities
MT. CSROROHAH CSR Activities @® yokorei
Slide 16: CSR activities
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Slide 17: CSR activities
CS ROBO Bs - BRRICA SHE MADLSapAS RING RS PRR) | TVS ASC ESR MRPABRAST ESR P-IFEP—-SaYSAFA RUBS YD QUE BORE: Fy U 77 ike SIR hi AR—VYVAOBR ® yokorei
Slide 18: Earnings Forecast for the FY2019
Earnings Forecast for the FY2019 @® yokorei
Slide 19: FY2019 earnings forecast
2019%F9A FA iRAS PAR 5cbiss P 1,500fk | Bef las P S8lS SRAM Alas & 371 ATARI TAB IB FABAELL BRA Ges xia Bees] B= yee , piss ALS 171,772| 150,000) A21,772| 12.7% 72,091 48.1% meres 4,825 5,800 974 2,629 (sz) (2.8%) (3.9%) (1.1p) 20.2% (3.6%) 45.3% eeeFtS 5,373 6,000 626 2,872 (SERIA) (3.1%) (4.0%) (0
Slide 20: Forecast by segment
20194 HE Dp BB Sp Ae ot elt SSH 30 Yap FOARH iAH PAR CIXxV bal Sth BRAS PAB (At: BAA) AIPA ARS OCA PARLE 19/0988 18/0988 19/0988 56 200-438 iI BAP AR Ei Taya Heme (#538) = ES 14,070 sla 26,344 27,440 1,095 4.2% (51.3%) wh 3,475 I (0) ’ ae ila 6,069 6,200 130 2.2% (56.1%) = EE 57,993 5c Lia 145,370 1
Slide 21: 6th Medium-term Management Plan
V. B77 RFRA Sa Tie 3871HA(20184F9 A HA) ~ 38 73H4(20204F9FA HA) 6th Medium-term Management Plan ® yokorei
Slide 22: Medium-term plan: Growing Value 2020
MRD RARStL B7UR PRS 7 UR PH Sa EOE sex Growing Value 2020 fie tit HADES CHEROB > ——AlCI+y hUK, SIMMEORAZHS BATE HHDOIPLIXV AV CHSBAM - MRONZES—-BMREL, A, 7 X—)N\-HICBRRA EAC. SESHCRMIS TE Dull Yoo bee BARROMR Cc mrsmnoRe = BZ07 a Ace FHA IS ofa =o hee R SSS Growing Value OIA 2020 "ASRS MAbNS - 127 W
Slide 23: Medium-term plan targets
MADRANSt SS7UR PHB aT Hw puree (20209AFA) PEAR GBRN—Z) AES - 1,600 ROE > 5.7% Seea2s pb 708A EBITDA >» 120/89 (tt + FS) AHHERERE a 19/0938 18/O9HASE# eres (20/0998) azLs 1,717 1,500 1,600 A6.9% BeueRES 48 58 70 45.1% ERASE 53 60 70 30.3% EBB FlES 33 37 45 34.6% ROE 4.6% - 5.7%8 +1.1p EBITDA 98 - 120
Slide 24: Source Book
VI. Base Source Book @® yokorei
Slide 25: Sales and profit by region
BA Shea Ss FILER on BIA (eIx> MERBIGEDS) a5 ws 18/0988 19/0988 BISEPIRALL maa) AiR SB 200A S200 iy ieee SIL4 103 104 1 1.0% IKEA (PIV) (9.8%) (9.9%) (0.1p) : AS2@12e0rh 1,055 1,048 A7 A0.7% SIL4 208 231 23 tix SER (VIP) (9.6%) (10.7%) (1.1p) “we ESA 12e0rh 2,159 2,157 A2 A0.1% SIL4 106 113 7 6.6% BE
Slide 26: Sales by region detail
BAN TRAE +2mnE85 AB (VOX> MHNSIEES) a2 -201EEEN. meee soa oe ses og FF 9,934 10,910 976 9.8% x e 13,082 10,777 A2,305 A17.6% + OOK 11,585 9,796 A1,789 A15.4% tf nv 5,461 3,726 A1,735 A31.8% yr 3,385 4,516 1,131 33.4% ak aaat 103,191 104,471 1,280 1.2% mm -— 7 57,377 72,114 14,737 25.7% FY 77,876 83,
Slide 27: Sales and profit by region
BA Shea Ss FPLC on BIA ARE Saat (VA XDY MHSIS 18/0984 19/0938 BI ARALE ma BIE Seat SB 200A S200 eg pees SIL4 476 489 13 27% IKEA (PIP) (13.9%) (14.0%) (0.1p) : AS2@12e0rh 3,419 3,501 82 2.4% SIL4 433 548 115 26.6% SER (VIP) (10.6%) (12.4%) (1.8p) “ae ESA 12e0rh 4,074 4,435 361 8.9% SIL4 515 526 11 2
Slide 28: Segment data table
AMS Rolo BR $2mB5) sols EA SM GBN—Z) 18/09K8 56200434 19/0988 S8270++H4 BUFIEIRALE BS 2A i A Ee Et eh K-27 18,860 9,511 504/ 17,048 8,336 489) A1,812) A1,174 A15 Fay 10,296 3,032 294! 6,371 1,851 290| A3,925| 1,180 A3 e-7 1,835 1,669 909 2,315 2,284 987 480 615 77 ft 6 15,106] 17,232 1,140) 9,873 8,
Slide 29: Memo
Memo ® yokorei
Slide 30: Memo
Memo ® yokorei
Slide 31: Memo
Memo ® yokorei
Slide 32: Contact information
ABR ICR Site SIR ARBCHMEN TUSABISE 4 OBIEICBOUVEBOTHY, HER OBUES (CBS S aH DU Tld, ERE REEAIE SO CHEF EL. SHWE BRAN RR 1 REB TEL: 045-210-0011 E-mail: info@yokorei.co.jp URL : http://www. yokorei.co.jp/ ® yokorei