Take And Give. Needs Co., Ltd. · TSE:4331
Take And Give. Needs — H1 FY2011 Earnings Presentation
30 slides from Take And Give. Needs's earnings presentation, Nov 5, 2010
Slide 1: Briefing Materials for First Half for FY Ending March 31, 2011
| Q (; TAKE and GIVE NEEDS TAKE AND GIVE. NEEDS Co., LTD. Briefing Materials for First Half for FY Ending March 31, 2011
Slide 2: Disclaimer and forward-looking statements
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 for FY Ending March 2011 1. Summary of Results in First Half 2. Difference between the plan and results for consolidated earnings 3-1. Consolidated Financial Results 3-2. Consolidated Balance Sheet 3-3. Consolidated Cash Flow Statement Il. Major Initiatives for FY Ending Mar
Slide 4: Results of First Half FY Ending March 2011
Results of First Half FY Ending March 2011
Slide 5: Summary of Results in First Half
I will begin by presenting a summary report on the results of the first half, before going in to more detail later on. The projection for the earnings for the first half of the fiscal year ending March 2011 were revised upwards on August 6, 2010, but the actual results have exceeded even the revis
Slide 6: Difference between plan and results for consolidated earnings
Here I will explain the difference between the consolidated earnings plan and the actual results. The earnings projection for the first half were revised upwards in a revised plan that was announced on August 6, 2010, but the actual results exceeded even this revised projection. Operating income
Slide 7: Consolidated Financial Results
This slide shows a summary of the consolidated financial results. Earnings were positive during the first half, with the results for net sales operating income, ordinary income and quarterly net income all higher than projected. The plan for this period set a target of handling 10,202 weddings ov
Slide 8: Breakdown of sales for the domestic wedding business
This slide shows the breakdown of sales for the domestic wedding business. The average wedding cost for directly operated venues was ¥3,858,000, an increased of ¥122,000 compared to last year. The number of venues has not changed since 2008, but sales from directly operated venues have increased b
Slide 9: Gross profit and operating income breakdown
This slide shows the breakdown of the items relating to gross profit and operating income. Gross profit was ¥11,681 million, as we were able to secure the target levels in the plan. SG&A came in ¥156 million below the forecasts in the plan at ¥11,135 million, as we made further progress with cost
Slide 10: Ordinary income and quarterly net income
This slide explains the items relating to ordinary income and quarterly net income. Ordinary income came in at ¥138 million (¥228 million higher than the plan), due to operating income exceeding the plan targets and other factors. The Revised Plan anticipated a loss for ordinary income, but we wer
Slide 11: Consolidated Balance Sheet: assets
This slide explains the assets section of the Consolidated Balance Sheets. Total assets were valued at ¥43,963 million, ¥507 million higher than the end of the last financial year. We raised approximately ¥2.2 billion in additional capital through a public offering in February 2010, and in this p
Slide 12: Consolidated Balance Sheet: liabilities and net assets
This slide shows the Liabilities and Net Assets section of the Consolidated Balance Sheets. Short-term borrowings and the long- term borrowings scheduled for repayment within the next year have been reduced, while long-term borrowings have increased. This is a result of refinancing with the object
Slide 13: Consolidated Cash Flow Statement
This slide explains our consolidated cash flow statement. In accordance with our policy direction for this period, we are following our plan of making large-scale renovations as a way of strengthening our product/service capacity, in order to stabilize our business base and ensure medium- and long
Slide 14: Major Initiatives for FY Ending March 2011
Major Initiatives for FY Ending March 2011
Slide 15: Key measures: three broad initiatives
I will now explain the key measures that we will implement in the future. During the current fiscal year (ending March 2011) we are working to invest in our staff (our greatest asset) and improve the quality of our products and services, under the policy direction of improving the quality of our w
Slide 16: Strategic moves for future growth
I will now explain each of these measures in more specific detail. In terms of strategic moves for future growth, we are focusing our energy on three points. The first point, which has already been announced, is to open new venues for the first time in three years, and to invest in large-scale re
Slide 17: New venue opening and strategic renovations
First, we will open a new venue for future growth strategies. In February 2011, we will open Shirogane Club as our 62nd venue (a directly operated house wedding venue) in Shirokanedai, Minato-ku, a popular area of Tokyo. In the future we will continue to actively open new venues, strictly screenin
Slide 18: Expanding alliance venues
We are responding to the increasingly diverse needs of our customers and expanding sales by expanding our alliances with restaurants, hotels and other venues with individual character and brand power, based on our strong production capacity. One such example, is the alliance that we formed with th
Slide 19: Integrated wedding lounges
We are also making progress with expanding our range of wedding lounges that take advantage of group synergy. Following the successful opening of an integrated Wedding Lounge in Aoyama, Tokyo in April 2010, we also opened integrated wedding lounges in Yokohama and Osaka. The integrated Wedding Lou
Slide 20: Evolution of industry-leading T&G weddings
Next, I will explain the evolution of T&G weddings, which lead the industry. As an industry-leading company, T&G is constantly working to develop new types of weddings, as well as pursuing truly original weddings that are not uniform packages. This year as well, we are making active progress in d
Slide 21: Alliance with the Japanese Midwives Association
T&G has started an alliance with the Japanese Midwives Association, the first time such an initiative has been tried in this industry. If the bride finds that she is pregnant before the wedding, the psychological and physical stress can be considerable, and in many cases the wedding ceremony is po
Slide 22: Anniversary weddings
We have also started an initiative called “anniversary weddings” as a new style of wedding. In recent years, we have received feedback from couples who did not hold wedding ceremonies for various reasons that they regret not having done so. In response to the needs of such customers, we have star
Slide 23: Products anticipating customer needs
As already announced, we are also developing products that anticipate customer needs, such as producing wedding outfits for pets (an industry first) and producing a wedding CD and a promotional video for the album of a well-known artist with the wedding as its theme. In future, we will continue to
Slide 24: Increasing added value by pursuing quality
Next, I will explain how we are improving our added value by seeking quality. At T&G, we are aiming to create original wedding ceremonies that express the different sentiments and values that each couple have. To achieve this, we always regard improving quality as our first principle, and we are
Slide 25: In-house employment of service staff
One such measure is the in-house employment of the service staff that work at the front lines in direct contact with customers at follow-up parties. T&G focuses on creating the best day possible for the bridge and groom, by having all of our staff, including planners and venue staff, work together
Slide 26: Weddings produced for celebrities
This year we have also received requests from well known, A list artists (in various genres such as film, television and theater) for weddings produced by T&G wedding planners. These weddings, which were created by becoming deeply engaged in the background to each couple’s requests, were well rece
Slide 27: Food hygiene management authentication
We regard providing our customers with safe, hygienic food as an important element of improving the quality of our wedding ceremonies, and so we are also strengthening initiatives relating to hygiene management. In August 2010, both the Victoria House and White House of our Garden Hills Geihinkan
Slide 28: Consolidated Revenue Plans for FY Ending March 2011
Consolidated Revenue Plans for FY Ending March 2011
Slide 29: Consolidated Earnings Projections for the Full Year
This slide shows T&G’s consolidated earnings projections for the full fiscal year ending March 2011. As I said earlier, we are not just focusing on short term growth. Instead, our business direction is to actively commit resources to stabilize and grow a lasting business. As part of this approach
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