Takamiya Co., Ltd. · TSE:2445
Takamiya — SRG TAKAMIYA — Q1 FY2017 Earnings Presentation
37 slides from Takamiya's earnings presentation, Aug 24, 2016
Slide 1: Results Briefing Materials for the First Quarter of FY Ending March 2017
SRG TAKAMIYA Co., Ltd. Results Briefing Materials for the First Quarter of the Fiscal Year Ending March 31, 2017 Aug 24, 2016 1
Slide 2: Company Overview of SRG TAKAMIYA Co., Ltd.
Company Overview of SRG TAKAMIYA Co., Ltd. Trade name SRG TAKAMIYA Co., Ltd. Incorporation June 21, 1969 Representative President and representative director, Kazumasa Takamiya Capital 714,770,000 yen Number of employees Consolidated: 1,002 ; Non-consolidated: 402 (As of end-June 2016) Registered he
Slide 3: History
History • 1969 Jun. Founded as Shin Kansai Co., Ltd., existing SRG TAKAMIYA Co., Ltd. in Osaka City • 1984 Nov. SRG TAKAMIYA Co., Ltd., then a subsidiary, was established in Tokyo Metropolitan • 1987 Dec. Merged the subsidiary, reestablished as SRG TAKAMIYA Co., Ltd. • 1990 Mar. Iwata Ltd., existing
Slide 4: Business Diagram
Business Diagram Overseas Manufacture and sales of Manufacture and sales of Japanese and overseas manufacturers and manufacturers temporary equipment and materials Products emporary equipment and materials distributors of temporary equipment and materials, and distributors of general trading company
Slide 5: TOPICS
TOPICS Apr. 2016: Ibaraki Chuo Center commences operations Jun. 2016: Ordinary General Meeting of Shareholders Jun. 2016: Change of Representative Director The management structure is revised to have two Representative Directors, including the current President and Representative Director, Kazumasa
Slide 6: Consolidated Financial Results (Cumulative Period)
Consolidated Financial Results (Cumulative Period) Q1 FY Ending March 31, 2017 Q1 FY Ending March 31, 2017 Results for Q1 of previous fiscal year Consolidated Results Forecast Results (Q1 FY Ended March 31, 2016) % change (Unit: million yen) (YoY) Sales ratio Sales ratio Sales ratio Net sales － － 8,
Slide 7: Change in Financial Results
Change in Financial Results (Unit: million yen) Net sales Operating income 3,051 3,098 34,261 34,350 2,983 32,443 737 8,828 8,783 946 8,716 995 8,764 806 Q4 9,072 9,122 942 Q3 861 Q2 8,436 9,010 7,728 1,121 Q1 769 872 6,877 7,925 7,791 8,142 394 434 272 253 FY Ended FY Ended FY Ended FY Ending FY En
Slide 8: Change in SG&A
Change in SG&A (Unit: million yen) Personal Expenses Rents Depreciation Advertising expenses Others SG&A expenses ratio 25.9% 24.2% 22.6% 20.9% 7,758 6,828 6,590 2,137 2,091 1,660 163 95 495 75 452 397 1,127 903 776 2,110 4,217 4,385 548 3,873 110 25 280 1,147 FY Ended March 31, FY Ended March 31, F
Slide 9: Change in Consolidated Balance Sheet
Change in Consolidated Balance Sheet Investments and other assets Intangible assets Property, plant and equipment Current assets Net assets Non-current liabilities Current liabilities 50,091 49,390 【Assets】 Current assets (Unit: million yen) Increase in merchandise and finished goods : 43,520 590 mi
Slide 10: Revised business segment
Revised business segment Before revision After revision Rental business Rental business • SRG TAKAMIYA • SRG TAKAMIYA • IWATA • IWATA Rental division Rental division • SHINKEN • SHINKEN • TATSUMI • TATSUMI NAGAKITA NAGAKITA • SN Builtech • TOTAL TOSHISEIBI • SN Builtech • TOTAL TOSHISEIBI • AOMORI A
Slide 11: Rental Business (Per Quarter)
Rental Business (Per Quarter) Fiscal Year Ended March 31, 2016 Fiscal Year Ending March 31, 2017 Segment sales 5,440 5,449 (Unit: million yen) Segment profit 5,134 5,011 Segment profit margin (%) 4,489 15.8% 15.5% 14.5% 5.8% 859 843 7.5% 747 262 377 % change (YoY) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Segment sal
Slide 12: Change in Shipment Value of Rental Equipment
Change in Shipment Value of Rental Equipment High shipment value of rental equipment is maintained, and the shipment trend continues both for construction and civil engineering equipment. Shipment value of Shipment value of rental equipment rental equipment (Apr.) Great East Japan Earthquake Startin
Slide 13: Rental Business: Ratio of Sales by Block
Rental Business: Ratio of Sales by Block FY Ended March 31, 2016 Q1 FY Ending March 31, 2017 3.4% 2.8% 14.9% 11.1% Tohoku Kanto 33.6% 35.0% Chubu Kansai 41.8% 38.4% Kyushu 8.4% 10.7% [Example of sites with orders received] • New construction of a large • Renovation of a school building • Renovation
Slide 14: Sales Business (Per Quarter)
Sales Business (Per Quarter) Fiscal Year Ended March 31, 2016 Fiscal Year Ending March 31, 2017 Segment sales (Unit: million yen) Segment profit Segment profit margin (%) 4,011 3,957 4,148 3,747 3,652 10.6% 14.3% 8.5% 6.8% 9.0% 359 564 351 386 255 % change (YoY) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Segment sales
Slide 15: Net Sales by Field
Net Sales by Field (Unit: million yen) 1,354 2,012 843 11,657 324 211 2,942 672 Q4 344 137 2,838 428 Q3 Q2 2,730 392 363 473 Q1 3,147 2,867 294 234 438 485 131 67 FY Ended March FY Ending March FY Ended March FY Ending March FY Ended March FY Ending March FY Ended March FY Ending March 31, 2016 31,
Slide 16: Overseas Business (Per Quarter)
Overseas Business (Per Quarter) Fiscal Year Ended March 31, 2016 Fiscal Year Ending March 31, 2017 Segment sales Segment profit Segment profit margin (%) 1,333 1,142 1,161 1,169 1,006 7.2% 5.5% 2.1% (2.0)% (2.5)% 23 73 84 (2) (25) % change (YoY) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Segment sales ― ― ― ― (11.9)%
Slide 17: Overseas Business
Overseas Business Hory Korea Co., Ltd. Sales Ratio by Segment • Focused on expanding domestic sales in South Korea 7.7% • Promoted the introduction of the Iq System • Developed a system for receiving orders for set-up services Q1 FY Ending March 31, 31.5% 2017 HORY VIETNAM Co., Ltd. Consolidated Net
Slide 18: Future Outlook
Future Outlook Shipments of rental equipment for construction work will remain brisk, while shipments of rental equipment for civil engineering work will be on an improvement trend. High utilization of Lift Climbers will continue due to an increase in renovation work projects. We will maintain high
Slide 19: Iq System: Number of Sites with Rental Orders/Value of Holdings
Iq System: Number of Sites with Rental Orders/Value of Holdings Investments in leased assets are progressing as planned, and brand recognition is enhanced by increasing track record of rentals. Changes in cumulative number of sites with rental orders 3,500 1,800 1,500 970 530 (Unit: sites) 200 Fisca
Slide 20: Iq System: Sales Results
Iq System: Sales Results Order-taking activities are progressing toward achieving the full-year plan. Sales plan sales results (Unit: million yen) 2,500 1,344 528 297 (As of Q1) FY Ended March 31, 2015 FY Ended March 31, 2016 FY Ending March 31, 2017 20
Slide 21: FY Consolidated Financial Results Forecast (Cumulative Period)
FY Ending March 31, 2017 Consolidated Financial Results Forecast (Cumulative Period) (Unit: million yen) Half Year Full Year Sales Ratio Sales Ratio Net sales 18,000 － 38,800 － Operating income 820 4.6% 3,380 8.7% Ordinary income 700 3.9% 3,100 8.0% Net income 289 1.6% 1,950 5.0% Net income per shar
Slide 22: Change in Consolidated Financial Results (1st/2nd Half)
Change in Consolidated Financial Results (1st/2nd Half) (Unit: million yen) Net sales Ordinary income Ordinary income margin 8.0% 10.3% 9.9% 9.5% 9.1% 11.5% 6.8% 3.9% 20,800 17,838 17,899 17,548 18,000 16,361 16,802 14,605 1,833 1,624 1,700 1,598 2,400 1,163 1,133 700 Apr.-Sep. Oct.-Mar. Apr.-Sep. O
Slide 23: Payment of Dividends
Payment of Dividends 2-for-1 stock-split, April 2013 2-for-1 stock-split, January 2015 Fiscal Year Ended Fiscal Year Ended Fiscal Year Ended Fiscal Year Ended Fiscal Year Ending March March 31, 2013 March 31, 2014 March 31, 2015 March 31, 2016 31, 2017 (Forecast) Dividend ¥20 ¥13 ¥16 ¥10 ¥10 Breakdo
Slide 24: Reference materials
Reference materials 24
Slide 25: Image of Business Strategy
Image of Business Strategy Sales Segment Sales x Domestic Sales x Overseas Develop high-value-added Sales expansion focusing temporary equipment and on pipes and clamps materials Tie-up with local companies Advance into new fields M&A Domestic Overseas Rental x Domestic Rental x Overseas Advance int
Slide 26: Progress with Business Strategy
Progress with Business Strategy Domestic Overseas [Scaffolding] [Scaffolding] • Promoted replacement of existing products with the Iq • Established Overseas Business Department. System. • Promoted sales activities in each country by overseas • Expanded sales of products for bridge repair work such a
Slide 27: Rental business
Rental business Architecture Bridge Underground work Plant High-rise buildings, high-rise Expressways, railroads, elevated Shield tunneling construction such Construction and maintenance of condominiums, warehouses, highways, bridges, etc. as subways, pipe lines, and utility treatment plants, incine
Slide 28: Sales business
Sales business Construction-related Construction-related Construction-related Construction-related Joint(clamp) Next generation scaffolding Hanging type scaffolding Safety member General-purpose equipment used in （Iq system) (Spider Panel) Preceding handrails, baseboards, any work sites New scaffold
Slide 29: Change in Domestic Construction Investment
Change in Domestic Construction Investment Source : The Ministry of Land, Infrastructure, Transport and Tourism Data release : July 2016 FY Ended March 31, 2016: Down 0.6% FY Ending March 31, 2017: Up 1.6% (Forecast) 51,298 51,240 50,950 51,770 45,291 43,292 12,948 14,160 14,960 15,310 Private non-h
Slide 30: Change in Overseas Market
Change in Overseas Market (Billion dollars) (Million people) 2010 2011 2012 2013 2014 2015 2016 Actual GDP 1,094 1,202 1,223 1,306 1,410 1,376 1,321 South Korea Population 49 50 50 50 50 51 51 Actual GDP 341 371 397 420 404 395 410 Thailand Population 67 68 68 68 69 69 69 Actual GDP 113 135 156 171
Slide 31: Change in utilization rate of construction materials and equipment
Change in utilization rate of construction materials and equipment and in net sales of 50 companies in the scaffolding and construction materials leasing business (Unit: %) (Unit: million yen) Net sales Framework Scaffolding Falsework Members 80 25,000 70 20,000 60 50 15,000 40 10,000 30 20 5,000 10
Slide 32: Change in Consolidated Balance Sheet
Change in Consolidated Balance Sheet FY Ended March 31, FY Ended March 31, FY Ended March 31, FY Ended March 31, FY Ended March 31, FY Ended March 31, (Unit: million yen) 2011 2012 2013 2014 2015 2016 Current assets 10.396 12,202 13,725 15,892 18,213 19,769 Non-current assets 19,198 20,269 20,262 21
Slide 33: Change in Consolidated Financial Results
Change in Consolidated Financial Results FY Ended March 31, FY Ended March 31, FY Ended March 31, FY Ended March 31, FY Ended March 31, FY Ended March 31, (Unit: million yen) 2011 2012 2013 2014 2015 2016 Net sales 17,490 23,201 28,113 32,443 34,261 34,350 Gross Profit 5,981 7,202 8,196 9,832 10,356
Slide 34: Quarterly Change in Results by Segment (Cumulative Period)
Quarterly Change in Results by Segment (Cumulative Period) (Unit: million yen) Fiscal Year Ended March 31, 2016 Fiscal Year Ending March 31, 2017 Q1 Q2 Q3 Q4 Q1 Q2 Q3 4Q Rental Segment sales 4,489 9,623 15,064 20,513 5,011 ― ― ― business (Of which) Inter-segment sales 22 56 88 109 59 ― ― ― Segment p
Slide 35: Quarterly Change in Results by Segment (Per Quarter)
Quarterly Change in Results by Segment (Per Quarter) (Unit: million yen) Fiscal Year Ended March 31, 2016 Fiscal Year Ending March 31, 2017 Q1 Q2 Q3 Q4 Q1 Q2 Q3 4Q Rental Segment sales 4,489 5,134 5,440 5,449 5,011 ― ― ― business (Of which) Inter-segment sales 22 34 31 20 59 ― ― ― Segment profit 262
Slide 36: Stock Price of SRG TAKAMIYA (2445:Tokyo)
Stock Price of SRG TAKAMIYA (2445:Tokyo) Average daily trading volume Stock price 600,000 1,200 • January 2015: 2-for-1 stock-split • July 2013: Disposal of treasury shares • April 2013: 2-for-1 stock-split 500,000 1,000 400,000 800 300,000 600 200,000 400 100,000 200 0 0 Mar-08 Mar-09 Mar-10 Mar-11
Slide 37: Contact IR
Contact IR Contact: Takashi Kawabata, Tatsushi Miyazaki, PR / IR Section, Corporate Planning Division, SRG TAKAMIYA Co., Ltd. Phone: +81-(0)6-6375-3918 Fax: +81-(0)6-6375-8827 URL: https://www.srg.jp/en/index.html (English) https://www.srg.jp/en/ir/index.html (English) E-mail: ir@srg.jp Address: Gra