Takamiya Co., Ltd. · TSE:2445
Takamiya — Q3 FY2021 Earnings Presentation
27 slides from Takamiya's earnings presentation, Feb 17, 2021
Slide 1: Result Briefing Materials for the Third Quarter of the Fiscal Year Ending March 31, 2021
Result Briefing Materials for the Third Quarter of the Fiscal Year Ending March 31, 2021 Takamiya Co., Ltd. (2445:Tokyo) Notice: This document is an excerpt translation of the original Japanese Grand Front Osaka Tower-B Bldg. 27F, document and is only for reference purposes. 3-1, Ofuka-cho, Kita-ku,
Slide 2: Agenda
Agenda ◼ Topics ◼ Description of Consolidated Financial Results for the Third quarter of the Fiscal Year Ending March 31, 2021 2020/02/17 Page 2
Slide 3: Topics
Topics February 1, 2021 Notice of Change of Directors February 16, 2021 Notice Regarding the Selection of Our Company's Shares as Securities to be Lent In addition to the above, various releases and IR information can be viewed on our website. https://www.takamiya.co/en/ 2020/02/17 Page 3
Slide 4: Company Overview of Takamiya Co., Ltd.
Company Overview of Takamiya Co., Ltd. Trade name Takamiya Co., Ltd. Incorporation June 21, 1969 Representative Representative director, Kazumasa Takamiya Capital 1,050 million yen Number of employees Consolidated : 1,238; Non-consolidated : 725 (As of end-December, 2020) Registered head office Gran
Slide 5: Summary of consolidated performance: Business overview
1. Summary of consolidated performance 1.1 Business overview ✓ In the sales business segment, recent situations of uncertainty for the future pushed down many companies’ mindset, and there was a tendency that some customers withhold their final decisions to purchase temporary equipment. ✓ Rental bus
Slide 6: Summary of consolidated performance: Cumulative period
1. Summary of consolidated performance 1.2 Cumulative period (from April 2020 to June 2020) Consolidated Results 3Q of FYE Mar.31, 2021 3Q of FYE Mar. 31, 2021 3Q of FYE Mar.31, 2020 % change （Unit：million yen） Forecast Results Results (Non-Disclosure) Sales ratio Sales ratio Sales ratio (y/y) Net s
Slide 7: Factors of increase/decrease in net sales and operating income
1. Summary of consolidated performance 1.3 Factors of increase/decrease in net sales and operating income Net sales (Unit : million yen) (Unit : million yen) decreased by 5,534 million yen (down 16.1% YoY) ✓ All business segments experienced decrease in revenues. Operating income decreased by 1,199
Slide 8: EBITDA
1. Summary of consolidated performance 1.4 EBITDA(Operating income + Depreciation) (Unit : million yen) Decreased by 1,122 million yen (down 17.7% YoY) ✓ Mainly due to decreased operating income. (17.7)% ✓ Depreciation increased slightly. (y/y) (FY ended/ending March 31) 2020/02/17 Page 8
Slide 9: Performance by segment
1. Summary of consolidated performance 1.5 Performance by segment (FY ended/ending March 31) ✓ All the business segments Segment profit experienced lower revenues Net sales (sales ratio) and profit because of the % change % change new coronavirus and Unit : million yen 3Q 2020 3Q 2021 y/y 3Q 2020 3Q
Slide 10: Sales business: Factors of increase/decrease YoY
2. Sales business 2.1 Factors of increase/decrease YoY Net sales: (Unit : million yen) (Unit : million yen) decreased by 3,251 million yen ✓ All the business segments experienced lower revenues. As opposed to sales for a large- scale environment-related project during the previous term, sales of the
Slide 11: Sales business: Net sales by product field
2. Sales business 2.2 Net sales by product field All the business segments experienced lower revenues, especially those related to temporary equipment and environment. 10,158 3,141 Mounting devices of solar panel, Iq System, G-Walk, etc. Agricultural greenhouse 2,618 894 4Q 5,818 2,163 1,042 3Q 1,80
Slide 12: Sales of Iq System
2. Sales business 2.3 Sales of Iq System Sales of the Iq System decreased by 28.1% ((906) million yen) YoY. Despite receiving many inquiries, it takes longer time than before to enter into contracts. Sales performance of Iq System 4,294 (Unit : million yen) 3,270 (28.1)% Rapidly increase (y/y) due t
Slide 13: Prevalence of Iq System
2. Sales business 2.4 Prevalence of Iq System Iq-system：9,260,000㎡ Popularization of the new-generation scaffolding in the industry maintains steady Ours7,060,000㎡ Others： Approx. 2,200,000㎡ growth. (Unit：million ㎡) Prevalence of the Iq System (Our sales + Rental assets) 706 648 Iq System 532 30% 45
Slide 14: Rental business: Factors of increase/decrease YoY
3. Rental business 3.1 Factors of increase/decrease YoY Net sales: (Unit : million yen) (Unit : million yen) decreased by 908 million yen ✓ Rented amount (utilization rate) of equipment to customers was lower than the previous year, resulting in decreased revenues from rental fees. Operating income:
Slide 15: Trend of average equipment utilization rates
* Trend of utilization rates looks like a mountain with its peak at the 3Q each year * Utilization rate = rented amount / overall holdings 3. Rental business 3.2 Trend of average equipment utilization rates Despite increased shipment amount of the Iq System, delivery to our customers decreased as co
Slide 16: Ratio of Sales by Area
3. Rental business 3.3 Ratio of Sales by Area Chubu block maintained steady growth of sales relating to civil engineering works. Tohoku and Kanto blocks experienced slowdown affected by suspension/postponement of construction works. FY ended March 31, 2019 FY ended March 31, 2020 3Q FY ending March
Slide 17: Overseas business: Factors of increase/decrease YoY
4. Overseas business 4.1 Factors of increase/decrease YoY Net sales: decreased by 1,664 million yen (Unit : million yen) (Unit : million yen) ✓ In the Philippines, business activities were limited due to curfew and restrictions on movement in the metropolitan area, leading to substantial decrease in
Slide 18: Sales Ratio by Segment
4. Overseas business 4.2 Sales Ratio by Segment Overseas business segment dropped its share of the Group’s consolidated net sales due to restrictions on business activities in the Philippines and economic environment deterioration in Korea. Overseas Overseas Overseas 16.9% 15.0% 12.7% Sales Sales Sa
Slide 19: Change in Consolidated Balance Sheet
5. Change in Consolidated Balance Sheet Lower net sales caused lower accounts receivable – trade. Total assets decreased and equity ratio was 31.6% (30.5% at the end of the previous term). [Asset] (Unit : million yen) Investments and other assets Intangible assets Property, plant and equipment Curre
Slide 20: Full-term performance forecasts
6. Full-term performance forecasts Consolidated performance forecasts for the full-term of FY ending March 31, 2021 FY Ending March. 31, 2021 FY Ended March. 31, 2020 YoY Forecasts Results (Unit : million yen) Change amount Change % Net sales 40,750 46,065 (5,315) (11.5)% Operating income 2,200 3,70
Slide 21: Status of shareholder return
7. Status of shareholder return (FY ended/ending March 31) 2017 2018 2019 2020 2021 (Forecast) Dividend 10 yen 11 yen 11 yen 14 yen 14 yen 1Q － － － － － 2Q 3.5 yen 4.0 yen 4.0 yen 6.0 yen 6.0 yen 3Q － － － － － 4Q 6.5 yen 7.0 yen 7.0 yen 8.0 yen 8.0 yen Total amount of 428 million yen 471 million yen 4
Slide 22: Reference Information
Reference Information 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
Slide 23: ESG information
ESG information IR • Video streaming of Financial Results Briefing (4 ~ 7 days after the Briefing) • Disclosure of English versions of Summary of Financial Results, Results Briefing Materials, and Timely Disclosure Release (partly) (7 ~ 10 days after disclosing Japanese version/TDnet) • Issuance and
Slide 24: ESG information: Human resource development
ESG information Human resource development Such information is publicized to Promoting "Human centered capitalism" style management and measures centered on visitors on a large signage human resources • Promoting in-house projects centered on mid-level/young employees • Incentive reward according to
Slide 25: Stock Price of TAKAMIYA (2445:Tokyo)
100,000 200,000 300,000 400,000 500,000 600,000 0 Jan-2009 May-2009 Sep-2009 Jan-2010 Average daily trading volume May-2010 Sep-2010 Jan-2011 May-2011 average line of stock price. Sep-2011 Jan-2012 > Solid line is a 12 months moving May-2012 Sep-2012 Jan-2013 May-2013 Sep-2013 Jan-2014 Stock Price o
Slide 26: Comparison of Share Price and Nikkei 225
Jul-2009 Nov-2009 Mar-2010 Jul-2010 Nov-2010 Mar-2011 Nikkei 225 Jul-2011 Nov-2011 Mar-2012 Jul-2012 Nov-2012 Mar-2013 Takamiya Jul-2013 Nov-2013 Mar-2014 Jul-2014 Nov-2014 Mar-2015 Jul-2015 Nov-2015 Mar-2016 Jul-2016 Nov-2016 Mar-2017 Jul-2017 Nov-2017 Mar-2018 Jul-2018 Nov-2018 Mar-2019 Jul-2019 N
Slide 27: IR contact
IR contact HP Company name ： Takamiya Co., Ltd. Grand Front Osaka, Tower B, 27F, Address ： 3-1 Oofuka-cho, Kita-ku, Osaka, 530-0011, Japan For Investor HP ： https://www.takamiya.co/en/ For Investor ： https://www.takamiya.co/en/ir/ CONTACT ： PR / IR Department Email ： ir@takamiya.co This material is