Katakura Industries Co., Ltd. · TSE:3001
Katakura Industries — FY2023 Earnings Presentation
24 slides from Katakura Industries's earnings presentation, Feb 28, 2024
Slide 1: Financial Results of 2023
Financial Results of 2023 (Code 3001, TSE Standard Market) February 28, 2024 Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
Slide 2: Contents
Contents Financial Results of 2023 1. Financial Highlights of 2023 3. Priority Issues to be Addressed Consolidated Income Statement Real Estate Consolidated Income Statement / Business Pharmaceuticals Segment Consolidated Balance Sheet Machinery Consolidated Statement of Cash Flows Textiles Capital
Slide 3: 1. Financial Highlights of 2023
1. Financial Highlights of 2023 3
Slide 4: Consolidated Income Statement
Consolidated Income Statement Financial Results of 2023 Actual vs. （Million yen） 2023 Actual 2022 Actual YoY Change 2023 Forecast Forecast Ａ Ｂ A-B Ｃ A-C Net sales 39,972 34,274 5,698 38,500 1,472 Operating income 3,803 1,369 2,434 2,850 953 Operating income ratio 9.5% 4.0% 5.5pt 7.4% 2.1pt Ordinary
Slide 5: Consolidated Income Statement / Business Segment
Consolidated Income Statement / Business Segment Financial Results of 2023 （Million yen） 2023 Actual 2022 Actual YoY Change Ａ Ｂ A-B Net sales Operating income Net sales Operating income Net sales Operating income Real Estate 10,833 3,985 10,415 3,946 ① 417 39 Pharmaceuticals 13,059 202 10,128 (1,940
Slide 6: Consolidated Balance Sheet
Consolidated Balance Sheet Financial Results of 2023 （Million yen） Dec 31, 2023 Dec 31, 2022 YoY Change A B A-B Current assets 57,151 56,379 772 Non-current assets 82,459 81,734 725 Property, plant and equipment 41,573 43,171 (1,598) • Down due to depreciation Intangible assets 632 337 295 Investmen
Slide 7: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows Financial Results of 2023 （Million yen） 2023 Actual 2022 Actual Cash and cash equivalents at beginning of period 10,462 10,813 Operating cash flows 3,576 (712) Investing cash flows 606 3,623 Financing cash flows (4,062) (3,262) Net increase (decrease) in cash and
Slide 8: Capital Expenditures, Depreciation and R&D Expenditures
Capital Expenditures, Depreciation and R&D Expenditures Financial Results of 2023 （Million yen） 2023 Actual 2022 Actual YoY Change A B A-B Real Estate 302 103 199 Pharmaceuticals 587 564 23 Other Segments 324 283 41 Capital Expenditures 1,213 950 263 Real Estate 1,359 1,490 (131) Pharmaceuticals 827
Slide 9: 2. 2024 Forecast
KATAKURA 2. 2024 Forecast
Slide 10: Consolidated Income Statement / Forecast
Consolidated Income Statement / Forecast Financial Results of 2023 （Million yen） 2024 Forecast 2023 Actual YoY Change A B A-B Net sales 40,700 39,972 728 Operating income 3,600 3,803 (203) Operating income ratio 8.8% 9.5% (0.7pt) Ordinary income 4,600 5,068 (468) Profit attributable to owners of 3,0
Slide 11: Consolidated Income Statement / Business Segment Forecast
Consolidated Income Statement / Business Segment Forecast Financial Results of 2023 （Million yen） 2024 Forecast 2023 Actual YoY Change A B A-B Net sales Operating income Net sales Operating income Net sales Operating income Real Estate 10,800 3,700 10,833 3,985 ① (33) (285) Pharmaceuticals 12,800 20
Slide 12: Capital Expenditures, Depreciation and R&D Expenditures Forecast
Capital Expenditures, Depreciation and R&D Expenditures Forecast Financial Results of 2023 （Million yen） 2024 Forecast 2023 Actual YoY Change A B A-B Real Estate 581 302 279 Pharmaceuticals 400 587 (187) Textiles 855 158 697 Other Segments 366 166 200 Capital Expenditures 2,202 1,213 989 Real Estate
Slide 13: 3. Priority Issues to be Addressed
3. Priority Issues to be Addressed 13
Slide 14: Real Estate
Real Estate Financial Results of 2023 ■Outlook for FY2024 ♦Expecting the same level of sales as in FY2023, with strong performance of the COCOON CITY owing to strategic replacement of tenants and holding of events to attract customers as well as smooth replacement of tenants at the Tokyo Square Gard
Slide 15: Pharmaceuticals
Pharmaceuticals Financial Results of 2023 ♦Experienced a decline in selling prices due to NHI drug price revisions Business in Japan conditions ♦Impact of the placing of long-listed drugs under the selective treatment category on sales volume Sales of ♦Released Tolvaptan tablets 7.5mg formulation in
Slide 16: Machinery
Machinery Financial Results of 2023 ■Outlook for FY2024 The decline in orders received has ended, while delays in chassis reception will likely continue ◆The decline in demand from local governments reflecting the impact of COVID-19 came to an end in the previous fiscal year. ◆Meanwhile, the delays
Slide 17: Textiles
Textiles Financial Results of 2023 ■Functional fibers business Expecting increase in sales mainly in heat-resistant fibers for factory facility applications and water-soluble fibers for automotive interior applications ♦Develop new customers including in overseas markets ♦Drive the development of ap
Slide 18: New Businesses
New Businesses Financial Results of 2023 ■Companies recently acquired ◆ Katakura CrossTechnology Co., Ltd. (KXT)・・・IT business ◆ Garden Express Co., Ltd. (GE)・・・Planting business ■Developments since acquisition Company Current state and future directions Promote strengthening of personnel structure
Slide 19: 4. Development of Foundational Structures
4. Development of Foundational Structures 19
Slide 20: Development of Foundational Structures
Development of Foundational Structures Financial Results of 2023 Board of Report Directors Report Supervision President & CEO, Risk Management Sustainability Representative Committee Committee Director Cooperation ■Governance ♦The Company established the Sustainability Committee in October 2023 to e
Slide 21: 5. Dividends and Dividend Policy
5. Dividends and Dividend Policy 21
Slide 22: Shareholder Returns (Dividends)
Shareholder Returns (Dividends) Financial Results of 2023 Shareholder Return Policy With regard to the distribution of profits, the Company strives to implement stable dividends and flexibly repurchase treasury shares as appropriate for the purpose of improving capital efficiency, etc. With regard t
Slide 23: 6. New Corporate Identity
6. New Corporate Identity KATAKURA 23
Slide 24: Renewal of Corporate Identity and Launching of Trade Name and Logo
Renewal of Corporate Identity and Launching of Trade Name and Logo Financial Results of 2023 ■Background Since its founding in 1873, the Company has engaged in a variety of businesses while changing itself along with the time. On the occasion of its 150th anniversary in 2023, we looked ahead ten, tw