Meiji Holdings Co., Ltd. · TSE:2269
Meiji — Investor Presentation (2016)
29 slides from Meiji's investor presentation, 2016
Slide 1: Data Book Fiscal Year 2015
DATA BOOK Fiscal Year 2015 From April 1, 2015 to March 31, 2016 Meiji Holdings Co., Ltd. IR PR & IR Department by Yusuke.Watanabe
Slide 2: Contents
Meiji Holdings Co., Ltd. DATABOOK Contents 1 Consolidated Financial Statements 5 Main Consolidated Financial Indicators 9 Segment Information 17 Market Data 26 Stock Information 27 Corporate Data 2015 10 1 The Company conducted a two-for-one stock split on October 1, 2015. The indicated per-share da
Slide 3: Consolidated Balance Sheets
Meiji Holdings Co., Ltd. DATABOOK Consolidated Financial Statements 1 Consolidated Balance Sheets /Millions of yen FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 730,044 716,368 749,985 785,514 779,461 877,367 856,115 Total assets 309,585 301,676 322,531 341,211 329,071 352,018 362,919 Current ass
Slide 4: Consolidated Statements of Income
Meiji Holdings Co., Ltd. DATABOOK Consolidated Financial Statements 2 Consolidated Statements of Income /Millions of yen FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 1,106,645 1,114,095 1,109,275 1,126,520 1,148,076 1,161,152 1,223,746 Net sales 734,675 732,860 738,500 743,835 754,013 757,766 77
Slide 5: Consolidated Statements of Cash Flows
Meiji Holdings Co., Ltd. DATABOOK Consolidated Financial Statements 3 Consolidated Statements of Cash Flows /Millions of yen FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 47,707 57,995 30,597 50,622 63,847 86,487 105,155 Cash flows from operating activities -33,641 -32,440 -44,314 -39,504 -47,293
Slide 6: Capital Expenditures, Depreciation and Amortization, R&D Expenses
Meiji Holdings Co., Ltd. DATABOOK Consolidated Financial Statements 4 Capital Expenditures, Depreciation and Amortization, R&D Expenses /Millions of yen FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 40,511 38,324 37,668 47,038 64,347 42,354 Capital expenditures 33,470 33,179 41,502 55,801 36,587
Slide 7: Profitability and Return Indicators
Meiji Holdings Co., Ltd. DATABOOK Main Consolidated Financial Indicators 1 Profitability Indicators (%) FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 33.6 34.2 33.4 34.0 34.3 34.7 36.4 Gross profit margin 2.6 2.6 1.8 2.3 3.2 4.4 6.4 Operating income ratio 2.6 2.7 2.0 2.6 3.4 4.6 6.7 Ordinary inco
Slide 8: Efficiency Indicators
Meiji Holdings Co., Ltd. DATABOOK Main Consolidated Financial Indicators 3 Efficiency Indicators FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 *1 1.54 1.52 1.47 1.47 1.40 1.41 Total assets turnover (Times)*1 *2 10.29 10.23 9.66 9.46 9.23 9.64 Inventories turnover (Times)*2 *3 35.46 35.67 37.78 38
Slide 9: Stability and Liquidity Indicators
Meiji Holdings Co., Ltd. DATABOOK Main Consolidated Financial Indicators 4 Stability and Liquidity Inticators FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 (%) 39.7 40.2 38.9 39.9 41.1 42.2 47.8 Shareholders' equity ratio (%) 102.9 100.1 91.5 110.2 125.9 117.9 131.2 Current ratio (%) 145.0 144.1
Slide 10: Investment Indicators
Meiji Holdings Co., Ltd. DATABOOK Main Consolidated Financial Indicators 5 Investment Indicators FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 *1 88.87 64.82 46.19 112.99 129.40 209.79 425.06 Net income per share (Yen)*1 *2 1,966.53 1,953.18 1,979.12 2,127.28 2,175.98 2,515.26 2,777.28 Net assets
Slide 11: Segment Information: Net Sales
Meiji Holdings Co., Ltd. DATABOOK Segment Information 3 Net Sales /Millions of yen FY2012 FY2013 FY2014 FY2015 Q1 Q1-Q2 Q1-Q3 Q1 Q1-Q2 Q1-Q3 Q1 Q1-Q2 Q1-Q3 Q1 Q1-Q2 Q1-Q3 Full-year Full-year Full-year Full-year HD 274,409 561,249 853,065 1,126,520 274,656 562,957 862,432 1,148,076 273,676 559,226 86
Slide 12: Segment Information: Operating Income
Meiji Holdings Co., Ltd. DATABOOK Segment Information 4 Operating Income /Millions of yen FY2012 FY2013 FY2014 FY2015 Q1 Q1-Q2 Q1-Q3 Q1 Q1-Q2 Q1-Q3 Q1 Q1-Q2 Q1-Q3 Q1 Q1-Q2 Q1-Q3 Full-year Full-year Full-year Full-year HD 6,423 10,049 22,911 25,859 9,389 15,896 31,689 36,496 10,739 18,978 42,940 51,5
Slide 13: Food Segment Sales by Main Products
Meiji Holdings Co., Ltd. DATABOOK Segment Information 5 Food Segment Sales by Main Products (Non-consolidated) /Millions of yen FY2012 FY2013 FY2014 FY2015 Q1 Q1-Q2 Q1-Q3 Q1 Q1-Q2 Q1-Q3 Q1 Q1-Q2 Q1-Q3 Q1 Q1-Q2 Q1-Q3 Full-year Full-year Full-year Full-year 23,286 45,295 64,968 84,405 21,867 42,731 61
Slide 14: Pharmaceuticals Segment Sales by Main Products
Meiji Holdings Co., Ltd. DATABOOK Segment Information 6 Pharmaceuticals Segment Sales by Main Products (Non-consolidated) /Millions of yen FY2012 FY2013 FY2014 FY2015 Q1 Q1-Q2 Q1-Q3 Q1 Q1-Q2 Q1-Q3 Q1 Q1-Q2 Q1-Q3 Q1 Q1-Q2 Q1-Q3 Full-year Full-year Full-year Full-year 14,761 27,310 44,756 58,143 14,25
Slide 15: List of New Products Under Development
Meiji Holdings Co., Ltd. DATABOOK Segment Information List of New Products Under Development Stage Development Code Generic Name Formulation Indication Notes ME2136 Merck Sharp&Dohme B.V. Approved Sycrest ME2136 (Asenapine) Sublingual tablet Antipsychotic In-license: Merck Sharp&Dohme B.V. (Netherla
Slide 16: Net Sales of Exports and Foreign Consolidated Group Companies
Meiji Holdings Co., Ltd. DATABOOK Segment Information 8 Net Sales of Exports and Foreign Consolidated Group Companies /Millions of yen FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 29,097 29,418 38,353 Food segment YoY (%) ― 101.1 130.4 17,325 23,961 41,961 Pharmaceuticals segment YoY (%) ― 138.3
Slide 17: Information on Major Domestic Affiliates
Meiji Holdings Co., Ltd. DATABOOK Segment Information Information on major domestic affiliates (Consolidated) Segment Name Product Function Meiji Fresh Network Co., Ltd. Dairy products Sales Shikoku Meiji Co., Ltd. Dairy products, Confectionery Sales and Production Meiji Oils and Fats Co., Ltd. Oils
Slide 18: Information on Major Overseas Affiliates
Meiji Holdings Co., Ltd. DATABOOK Segment Information 10 Information on major Overseas affiliates Segment Area Name Location Product Function Meiji Seika Food Industry (Shanghai) Co., Ltd. Consolidated Shanghai Confectionery Sales and Production Meiji-Dairy Trading Shanghai Co., Ltd. Consolidated Sh
Slide 19: Market Share of Main Products in Japan: Food
Meiji Holdings Co., Ltd. DATABOOK Market Data 1 2015 Market Share of Main products in Japan (FY2015) Food Segment Yogurt Drinking milk Processed cheese share 48.9% [No.1] share 23.9% [No.1] share 13.7% [No.3] 48.9% 23.9% 13.7% Market Scale Market Scale Market Scale 3,880 2,447 755 388.0 billion yen
Slide 20: Market Share of Main Products in Japan: Pharmaceuticals
Meiji Holdings Co., Ltd. DATABOOK Market Data 1 2015 Market Share of Main products in Japan (FY2015) Pharmaceuticals Segment Systemic antibacterial drugs Antidepressant drugs Generic drugs share 12.8% [No.2] share 18.3% [No.2] No.1 manufacturer of generic drugs 12.8% 18.3% among brand-name drug comp
Slide 21: Market Trends in Overseas Raw Materials Prices
Meiji Holdings Co., Ltd. DATABOOK Market Data 2 Market Trends in Overseas Raw Materials Prices [USD/MT] Whole milk powder [USD/MT] Nonfat dry milk [USD/MT] Cheese 4,000 4,000 3,000 3,500 3,800 2,500 3,000 3,600 2,500 3,400 2,000 2,000 3,200 1,500 3,000 1,500 Aug-15 Nov-15 Feb-16 May-16 Aug-15 Nov-15
Slide 22: Statistics Related to Drinking Milk and Dairy Products in Japan
Meiji Holdings Co., Ltd. DATABOOK Market Data 3 Statistics Relted to Drinking Milk and Dairy Products in Japan Raw milk production volume in Japna Drinking milk production volume in Japan Dairy products production volume in Japan [1,000 t] [1,000 t] [1,000 t] 10,000 5,000 250 Other Prefectures Hokka
Slide 23: Statistics Related to Drinking Milk and Dairy Products in Japan
Meiji Holdings Co., Ltd. DATABOOK Market Data 3 Statistics Relted to Drinking Milk and Dairy Products in Japan 1 1 Number of female dairy cows in Japan Annual dairy consumption in Japan per capita [ ] [ /Liter] 2,200,000 90 40.0 77.5 80 35.0 2,000,000 77.5 70 30.0 1,800,000 60 25.0 23.6 Drinking mil
Slide 24: Statistics Related to Cacao Beans and Chocolate
Meiji Holdings Co., Ltd. DATABOOK Market Data 4 Statistics Related to Cacao beans and Chocolate Global supply and demand of cacao beans Import volume of cacao beans in Japan Production volume of cacao beans by country [1,000 t] [1,000 t] [1,000 t] 4,500 80 1,800 Production Grinding 4,164 Ivory Coast
Slide 25: Public Welfare Statistics
Meiji Holdings Co., Ltd. DATABOOK Market Data 5 Public Welfare Statistics Future Japanese population projections Number of births and birth rate in Japan Number of Senior citizen households in Japan [ /Tousands of people] [ /10 thousands of people] [ /Millions of households] 200 50% 2,500 20% 70 30%
Slide 26: Pharmaceutical Statistics
Meiji Holdings Co., Ltd. DATABOOK Market Data 6 Pharmaceutical statistics Ratio of national medical expenditures to drug cost in Japan Net sales of ethical pharmaceuticals and Generic drugs share (volume-based) [ /Trillions of yen] [ /100 millions of yen] breakdown of net sales per drug type 60 30%
Slide 27: Pharmaceutical Statistics
Meiji Holdings Co., Ltd. DATABOOK Market Data 6 Pharmaceutical Statistics MR GE Number of medical representatives in Japan Global trends in pharmaceutical market Global trends in generic drug market [10 /Billion dollars] [10 /Billion dollars] [ /Hundreds of people] 16% 1,200 350 Total 13.8% Asia,Afr
Slide 28: Stock Information
Meiji Holdings Co., Ltd. DATABOOK Stock Information 1 Major Shareholders 2 Stock Price and Trading Volume Trading Volume (Thousand Million) Stock Price (Yen) (%) Name Number of shares held Percentage of total 25000 12000 (Thousands) shares issued (%) 20000 10000 9,516 6.23 8000 The Master Trust Bank
Slide 29: Corporate Data
Meiji Holdings Co., Ltd. DATABOOK Corporate Data 1 Corporate Data 2016 3 31 As of March 31, 2016 2269 3 31 Company Name Meiji Holdings Co., Ltd. (Securities code:2269) Fiscal Year-End March 31 104-0031 4 16 6 Head Office 2-4-16, Kyobashi, Chuo-ku, Tokyo 104-0031, Japan Ordinary General Late in June