Konishi Co., Ltd. · TSE:4956
Konishi — H1 FY March 2024 Earnings Presentation
18 slides from Konishi's earnings presentation, November 2023
Slide 1: Consolidated financial results for the first half year ended September 30, 2023
Consolidated financial results for the first half year ended September 30, 2023 1. Summary of Financial Results for the Six Months Ended September 30, 2023 2. Consolidated financial forecast for the fiscal year ending March 31, 2024 and key initiatives 3. Implementation of capital expenditure, capit
Slide 2: 1. Consolidated financial results for the first half year
1. Consolidated financial results for the first half year ending March 31, 2024 1
Slide 3: Six Months Ended September 30, 2023 - Summary of Results
Six Months Ended September 30, 2023 - Summary of Results (Year-on-Year Comparison) • Net sales, operating profit, and ordinary profit increased significantly. • Profit decreased due to recording a gain on sale of non-current assets in the previous fiscal year. (Unit: Million yen) Relative Six months
Slide 4: Historical Net Sales and Operating Profit (First Half of Each Year)
Historical Net Sales and Operating Profit (First Half of Each Year) Note: The “Accounting Standard for Revenue Recognition” has been applied since FY March 2022. (Unit: Billion yen) 100.0 Record high Net sales 80.0 80.0 74.4 69.2 65.1 61.8 60.0 65.3 58.1 53.9 40.0 49.8 : Before application of the 20
Slide 5: Consolidated Financial Results by Segment (Year-on-Year Comparison)
Consolidated Financial Results for the Six Months Ended September 30, 2023, by Segment (Year-on- Year Comparison) Net sales Operating profit (Unit: Million yen) • Bond: Increase due to price increase • Bond: Significantly increase due to price increase • Chemicals: Sales of automotive products were
Slide 6: Main Causes for Changes in Operating Profit
Six Months Ended September 30, 2023 - Main Causes for Changes in Operating Profit • Bond profits largely increased as sales prices improved, despite a continued decrease in sale volume and rise in raw (Unit: Million yen) materials costs. • Construction profits grew largely, boosted by strong perform
Slide 7: Net Sales by Major Segment (Bond)
Net Sales by Major Segment (Bond) (Unit: Million yen, % in parentheses comparison with the previous year)z Including internal transactions. Wall bond Industry Co., Ltd. (Group) 35,887 (+6.3%) Sales increase due to price increase 33,771 1,564 (+10.0%) Sunrise Corporation (Group) 1,422 Weather-resista
Slide 8: [Segment of Chemicals] Breakdown of sales
Net sales of this segment are presented before the application [Segment of Chemicals] Breakdown of sales of revenue recognition because of the significant impact of the application of the revenue recognition standards. (*Net sales after the (Unit: Million yen, % in parentheses comparison with the pr
Slide 9: [Segment of Construction] Breakdown of net sales of affiliates
[Segment of Construction] Breakdown of net sales of affiliates (Unit: Million yen, % in parentheses comparison with the previous year) Including internal transactions. 10,316 (+30.5%) Chushin Construction Co., Ltd. (Group) 738 Net sales increased because the company became a consolidated subsidiary
Slide 10: 2. Consolidated financial forecast for the fiscal year ending March 31, 2024 and key initiatives
2. Consolidated financial forecast for the fiscal year ending March 31, 2024 and key initiatives 9
Slide 11: Plan for the fiscal year ending March 31, 2024
Plan for the fiscal year ending March 31, 2024 (Unit: Million yen) • Unchanged from the April figures at the moment because there remain uncertainties including a rise in raw materials costs. Note: Any changes in earnings forecasts will be disclosed immediately when the need arises. • Profit is expe
Slide 12: Major Initiatives for the Fiscal Year Ending March 31, 2024
Major Initiatives for the Fiscal Year Ending March 31, 2024 Bond business (manufacturing) Promotion of new development of the non-housing area Promotion of market development for the electric and electronics, and automotive segments and new product development Expansion of sales and lineup of
Slide 13: 3. Implementation of capital expenditure, capital policy, and dividends
3. Implementation of capital expenditure, capital policy, and dividends 12
Slide 14: Cash allocation plan of Medium-Term Management Plan 2026
Cash allocation plan of Medium-Term Management Plan 2026 ※Excerpt from “Medium-term Management Plan 2026” disclosed on May 26, 2023 In addition to the capital expenditure required for growth, we will strengthen shareholder returns through stable dividends and the repurchase of treasury shares. Cash
Slide 15: Changes in capital expenditures and depreciation
Changes in capital expenditures and depreciation [Major capital expenditure for FY March 2024] Unit: Million yen Konishi • Matters related to introduction of new core Capital expenditure systems Depreciation • Matters related to new construction of water-based 6,689 product manufacturing site, Toc
Slide 16: Implementation of Capital Policy
Implementation of Capital Policy (i) Repurchase of treasury shares Repurchased treasury shares as follows based on the capital policy stated in Medium-Term Management Plan 2026 (1) Total number of shares repurchased 2,231,100 (2) Total purchase price for repurchase of shares 4,999,840,174 yen (3)
Slide 17: Dividend Policy
Dividend Policy Dividend The company’s policy is to pay continuous and stable dividends aiming for a consolidated dividend payout ratio of policy 30% or more, while taking into account the results of each fiscal year. 30.8 30.5 (Forecast) 29.1 [Changes in annual dividends per share (yen) and consoli
Slide 18: Disclaimer and IR Contact
Disclaimer Forecasts and other statements are based on information currently available to the company and certain assumptions that the company considers reasonable. This material is not intended as a solicitation to invest. Investment decisions should be made at the user’s own discretion. <IR Contac