Unicharm Corporation · TSE:8113
Unicharm — Q3 2015 Earnings Presentation
17 slides from Unicharm's earnings presentation, Nov 6, 2015
Slide 1: Third Quarter of the Fiscal Year Ending December 31, 2015 Presentation Materials
Third Quarter of the Fiscal Year Ending December 31, 2015 Unicharm Presentation Materials for Investor Meeting November 6, 2015 Takahisa Takahara President and CEO Unicharm Corporation Projections stated herein include those based on the Company’s assumptions, forecasts and plans as of November 6, 2
Slide 2: Summary of Earnings Results
Summary of Earnings Results Effective 12.7% increase in sales and 3.2% decrease in operating income in third quarter of the fiscal year ending December 31, 2015 For the progress against disclosed forecast, sales is on track, while income is expected to come in slightly below forecast For the fourt
Slide 3: Financial Performance Summary: Third Quarter of the Fiscal Year Ending December 31, 2015
Financial Performance Summary: Third Quarter of the Fiscal Year Ending December 31, 2015 3
Slide 4: Consolidated Year-on-Year Comparison (Financial report basis)
【Consolidated】 Year-on-Year Comparison (Financial report basis) (Millions of yen) 9 Months 3Q of FY Ended Difference Ending Dec 31, Difference※ Note December 31, (%)※ 2015 2014 12 consecutive Net sales 529,071 ー ー ー periods of record high Aggressive Operating income 49,878 ー ー ー marketing Operating
Slide 5: Segment Information (Financial report basis)
Segment Information (Financial report basis) Geographical Segment Information (Financial report basis) (Millions of yen) Elimination/ Japan Asia Others Total Consolidated Companywide 3Q of FY Ending Dec 31, 2015 Net sales 204,165 243,510 81,395 529,071 － 529,071 Operating income 30,079 17,982 2,25
Slide 6: Overseas sales composition reached 61.7%, a record high
Overseas sales composition reached 61.7%, a record high (previous fiscal year was an irregular accounting period). Changes in Japan and Overseas Net Sales (Financial report basis) (Billions of yen) 700 64.4% 70% 600 61.7% 57.2% 60% 500 50.4% 49.3% 44.8% 46.0% 50% 40.9% 42.0% 400 37.0% 36.5% 40% 32
Slide 7: Aggressive up-front marketing investments were made in Asia
Aggressive up-front marketing investments were made in Asia Consolidated operating income margin was 9.4% Actual Operating Income Margin by Geographical Segment (Financial report basis) 20.0% Japan Asia Middle East/Europe/USA Consolidated 15.0% 15.3% 14.8% 14.7% 15.0% 13.7% 13.7% 13.6% 13.7% 13.6%
Slide 8: Aggressive marketing investments were made to expand the market
Aggressive marketing investments were made to expand the market 13% growth in net sales; due to up-front investments, temporary downturn of operating income margin Year-on-Year Comparison (Jan-Sep 2015 vs Adjusted basis※ Jan-Sep 2014) (Millions of yen) 9 Months Ended 3Q of FY Ending Difference Dec
Slide 9: Steady growth in Japan even when excluding inbound
Steady growth in Japan even when excluding inbound Up-front investments made to expand markets in Asia Geographical Segment Information (Jan-Sep 2015 vs Adjusted basis Jan-Sep 2014) (Millions of yen) Elimination/ Japan Asia Others Total Consolidated Companywide 3Q of FY Ending Dec 31, 2015 Net sal
Slide 10: Proactive expansion of high value-added products in Japan in the pet care business
Proactive expansion of high value-added products in Japan in the pet care business to expand industry’s total assets and improve revenue in pet business in North America Business Segment Information (Jan-Sep 2015 vs Adjusted basis Jan-Sep 2014) (Millions of yen) Personal Elimination/ Pet Care Othe
Slide 11: Impact of exchange rate fluctuations on sales and income
Impact of exchange rate fluctuations on sales and income (adjusted basis) Impact boosted net sales by about ¥29.9 billion and decreased operating income by ▲1.8 billion compared to previous year Exchange rate Exchange rate Currency Change in rate Jan - Sep 2015 Jan - Sep 2014 Taiwan (TWD) 3.85 3.42
Slide 12: Financial Results Forecasts for Fiscal Year Ending December 31, 2015
Financial Results Forecasts for 3Q of Fiscal Year Ending December 31, 2015 12
Slide 13: While sales progress is on track, operating income has slowed down
While sales progress is on track, operating income has slow down. In 4th quarter with the effects of income increase for Asia, will seek to improve income (Millions of yen) FY Ending 3Q of FY Reference Dec 31, 2015 Ending Dec Achievement Difference (Published 31, 2015 Rate (%) Difference (Published
Slide 14: Impact of 1% depreciation of yen against the local currency
Impact of 1% depreciation of yen against the local currency boosts sales by about ¥5.0 billion and operating income by about ¥500 million Impact of a 1% change (depreciation of yen) Assumed rate for FY (Millions of yen) Currency Ending Dec 31, 2015 Net sales Operating income Consolidated Total 5,000
Slide 15: Shareholder Return Policy
Shareholder Return Policy 15
Slide 16: Steady and continual dividend payments
Steady and continual dividend payments On track for 14 consecutive periods of increased dividends! Change in dividends (yen) 16.0 14.8 14.0 ※ 12.7 12.73 12.0 11.3 10.7 10.0 9.3 7.7 8.0 6.0 6.0 4.9 5.1 4.0 3.3 3.7 3.0 2.3 2.7 2.0 0.0 '02/3 '03/3 '04/3 '05/3 '06/3 '07/3 '08/3 '09/3 '10/3 '11/3 '12/3
Slide 17: Thank you very much.
Thank you very much. Unicharm constantly provides the world’s No. 1 and unprecedented products and services to everybody around the globe, and delivers comfort, impression and satisfaction. Copyright (c) Unicharm Corporation. All rights reserved. 17