2022-2024
～Towards 100th anniversary - Creating new value in a new normal era～
高千穂交易株式会社
TAKACHIHO KOHEKI CO.,LTD.
◼ Summary of our business performance
◼ Summary of our basic strategies
◼ Results of our structural reforms
◼ Our management issues and policy on making improvements
◼ Overview of our new medium-term management plan
◼ Management targets (FY2022-FY2024)
◼ Business strategy
➢ Initiatives for growth with an eye on tackling new business reforms
➢ Basic strategies
➢ Targets by segment
◼ Capital policies
➢ Improving capital profitability
➢ Shareholder return policy
➢ Procuring and allocating cash
Stage３
Challenges for Creation
~To create new corporate value~
◼ Self-realization on the part of employees
◼ Inspiring customers
◼ Developing business with a sustainable competitive advantage
Improving capital profitability
◼ Attaining key performance indicators (KPIs) in our management plan
Commitment to shareholders
Period covered by our new medium-term management plan
Maximization of corporate value
※1 We will commemorate the seventieth anniversary of our founding in fiscal year 2021.
※2 A strategy through which we aim to provide added value and thereby create and reinforce relationships with satisfied customers.
Reviewing our previous medium-term management plan and sorting out the issues we face
Summary of our business performance
◼ The numerical targets for the final year of the previous medium-term plan were revised downwards: sales from 26 billion JPY to 21.7 billion JPY and
ordinary income from 1.8 billion JPY to 1.1 billion JPY.
• In the business of fire-protection systems in Thailand, plant construction has been at a standstill due to a slump in crude oil prices. In addition, group management has not been functioning properly, which
Primary factors
has led to a drop in profits.
• Global business and office- and retail-related markets have been slowing down due to the spread of COVID-19.
• There has been sluggishness in various new businesses, such as our EC business and our RFID business.
◼ Due to a failure to meet our performance targets, the ROE failed to reach our initial forecast of 8%.
◼ For shareholder returns, a consolidated dividend payout ratio of 40% or more (minimum dividend of 24 JPY) will be implemented.
Targetsforthefinalyear
Sales and ordinary income
Capital profitability
Net Sales
Revised: 21.7 billion JPY Pre-revision: 26.0 billion JPY
Ordinary income
Revised: 1.1 billion JPY Pre-revision: 1.8 billion JPYROE forecast: 8%
Shareholder returns
DividendAt least 40%payout ratio
Minimum dividend
24 JPY per year
⚫
ROE (%)
5.3%
4.0%
1.4%
2019年度 FY2019 | 2020年度 FY2020 | 2021年度 FY2021 (Forecast) |
FY2019 | FY2020 | FY2021 (forecast) | |
Dividend per share | 24 JPY | 25 JPY | 50 JPY* |
Dividend payout ratio | 112.1% | 40.6% | 57.8% |
Current-term net income | 191 million JPY | 548 million JPY | 770 million JPY |
* Includes commemorative dividend of 15 JPY.
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