Japan Elevator Service Holdings Co., Ltd. · TSE:6544

Japan Elevator Service — Q2 FY2020/3 Earnings Presentation

23 slides from Japan Elevator Service's earnings presentation, Nov 13, 2019

  1. Slide 1: FY2020/3 Second Quarter Results

    FY2020/3 Second Quarter Results Japan Elevator Service Holdings (TSE 1st Section: 6544) November 13, 2019 Copyright © japan elevator service holdings all rights reserved

  2. Slide 2: Contents

    Contents 2 １ FY2020/3 Second Quarter Results ２ FY2020/3 Consolidated Financial Forecasts 3 First Half Financial Highlights Copyright © japan elevator service holdings all rights reserved

  3. Slide 3: FY2020/3 Second Quarter Results

    3 FY2020/3 Second Quarter Results Copyright © japan elevator service holdings all rights reserved

  4. Slide 4: FY2020/3 Second Quarter Results (Performance)

    FY2020/3 Second Quarter Results (Performance) 4 (million yen) FY2019/3 2Ｑ FY2020/3 2Q YoY (%) Forecast (as of May Ratio to Ratio to Actual Actual 9, 2019) sales (%) sales (%) Net sales 8,200 100.0 10,370 100.0 126.5 9,600 Cost of sales 5,284 64.4 6,609 63.7 125.1 - Gross profit 2,916 35.6 3,761 36.3

  5. Slide 5: FY2020/3 Second Quarter Results (Sales by Business)

    FY2020/3 Second Quarter Results (Sales by Business) 5 (million yen) FY2019/3 2Ｑ FY2020/3 2Ｑ YoY (%) Amount Ratio (%) Actual Ratio (%) Maintenance and Preservation 6,480 79.0 7,320 70.6 113.0 Services Modernization Services 1,698 20.7 2,710 26.1 159.6 Other 21 0.3 340 3.3 1,552.5 Total 8,200 100.0 10

  6. Slide 6: FY2020/3 Second Quarter Results (B/S)

    FY2020/3 Second Quarter Results (B/S) 6 (million yen) FY2019/3 2Q FY2019/3 FY2020/3 2Q Ratio Ratio Ratio YoY (%) Actual Actual Actual (%) (%) (%) Current assets 4,858 45.8 5,568 48.5 5,960 45.6 107.0 Cash and 1,027 9.7 1,045 9.1 1,066 8.2 101.9 deposits Notes and accounts 1,990 18.7 2,544 22.2 2,722

  7. Slide 7: FY2020/3 Consolidated Financial Forecasts

    7 FY2020/3 Consolidated Financial Forecasts Copyright © japan elevator service holdings all rights reserved

  8. Slide 8: FY2020/3 Consolidated Financial Forecasts

    FY2020/3 Consolidated Financial Forecasts 8 1H 2H Full year Unit: million FY2020/3 FY2020/3 FY2020/3 FY2020/3 FY2020/3 yen; % FY FY2020/3 Result FY Forecast FY Forecast Forecast Forecast 2019/3 Forecast 2019/3 2019/3 (initial) (initial) YoY YoY YoY Net sales 8,200 9,600 10,370 126.5 9,700 10,400 10,

  9. Slide 9: FY2020/3 Consolidated Financial Forecasts (Sales by Business)

    FY2020/3 Consolidated Financial Forecasts (Sales by Business) 9 1H 2H Full year Unit: million yen; % FY2019/3 FY2020/3 Result FY2019/3 FY2020/3 Forecast FY2019/3 FY2020/3 Forecast Amount Amount YoY Amount Amount YoY Amount Amount YoY Maintenance and 6,480 7,320 113.0 7,056 7,653 108.5 13,536 14,973

  10. Slide 10: Dividends

    Dividends 10 FY2018/3 FY2019/3 FY2020/3 YoY Actual Actual Plan Annual dividend amount ¥14 ¥13 ¥16 +¥3 Up Year-end dividend ¥14 ¥11 ¥16 +¥5 Commemorative - ¥2 - -¥2 dividend Total dividend amount ¥280million ¥523million ¥648million +¥124million YoY 124% Payout ratio (consolidated) 33.1 % 41.3％ 41.5%

  11. Slide 11: First Half Financial Highlights

    11 First Half Financial Highlights Copyright © japan elevator service holdings all rights reserved

  12. Slide 12: Steady Increase in Maintenance Contracts

    First Half Financial Highlights: Steady Increase in Maintenance Contracts 12 Net increase in maintenance contracts End of Sept. 2019 ○ Focus on the Kansai, Tokai, and Kyushu regions Elevators under ○ Seek to further boost productivity by increasing maintenance contracts market share in the Tokyo met

  13. Slide 13: Further Enhancement of the Modernization Business

    First Half Financial Highlights: 13 Further Enhancement of the Modernization Business One-time Modernization Quick Renewal ○Achieved record-high sales partly due to a surge in ○JES will seek to increase the target models for demand ahead of the consumption tax hike Quick Renewal and capture the comi

  14. Slide 14: Enhancement of the LiftSPOT Business

    First Half Financial Highlights: Enhancement of the LiftSPOT Business 14 Increase in equipped units ○ Launch a Media business for the purpose of providing added value to maintenance business and cultivating a new source of revenue ○ Aim to increase the number of equipped units as an effective approa

  15. Slide 15: Boost in Operating Margin

    First Half Financial Highlights: Boost in Operating Margin 15 Operating Margin ○Achieved 11.7% in second quarter of FY2020/3 JES operating margin (%) ⇒ Aim to achieve 20% in the medium term 30 Operating Initiatives to Boost Margin 25 Margin Operating margin 20% 1. Enhancement of overseas procurement

  16. Slide 16: Financial Supplement

    16 Financial Supplement Copyright © japan elevator service holdings all rights reserved

  17. Slide 17: Reference: Construction of JIC II

    Reference: Construction of JIC II 17 Purpose １. Accelerated Quick Renewal development ⇒Boosted sales and operating margin ２. Enhanced inspection capability for parts procured overseas ⇒Boosted operating margin ３. Further enhancement of parts centers (1) Enhanced capability to respond to failures ⇒Bo

  18. Slide 18: Reference: Our Growth

    Reference: Our Growth 18 Net sales ¥17.9bn Elevators under maintenance contracts Approx. 48,900 Net sales ¥13.5bn Elevators under maintenance contracts Approx. 38,800 Net sales ¥10.4bn Elevators under maintenance contracts Approx. 32,000 Net sales ¥7.7bn Elevators under maintenance contracts End of

  19. Slide 19: Reference: Coverage

    Reference: Coverage 19 As of November 1, 2019 JES Hokkaido 9 offices 77 offices JES HD 2 offices JES Jyonan 15 offices (+1) JES Jyosai 14 offices Japan Elevator Parts 8 offices (+1) JES Kanagawa 16 offices JES Tokai 6 offices (+1) JES Kansai 6 offices (+2) JES Kyusyu 1 office (+1) ( ) Number of chan

  20. Slide 20: Reference: Future Business Development

    Reference: Future Business Development 20 (Aiming to Build Up Global Standard Business) Domestic Overseas Bu sine ss Now Onwards Now Onwards Steady increase in Aiming to reach a Maintenance number of business scale on par Developing business in maintenance Developing business in and contracts in are

  21. Slide 21: Reference: Financial Highlights (1)

    Reference: Financial Highlights (1) 21 Net sales Operating profit (Million yen) (Million yen) 2,034 17,900 15,326 13,544 11,891 1,351 10,499 729 588 611 FY15/3 FY16/3 FY17/3 FY18/3 FY19/3 FY15/3 FY16/3 FY17/3 FY18/3 FY19/3 Note 1: Results are on a consolidated basis for FY2015 and onward Note 1: Res

  22. Slide 22: Reference: Financial Highlights (2)

    Reference: Financial Highlights (2) 22 Net assets / total assets (Million yen) Net assets Total assets 11,484 10,624 7,848 6,552 5,530 3,937 2,870 2,072 886 793 FY15/3 FY16/3 FY17/3 FY18/3 FY19/3 Note 1: Results are on a consolidated basis for FY2015 and onward Net assets per share Net income per sh

  23. Slide 23: Disclaimer and Caution Concerning Forward-looking statements

    Disclaimer and Caution Concerning Forward-looking statements 23 Disclaimer  Japan Elevator Service Holdings (the “Company”) has prepared these materials for your reference, so that you may understand the current status of the Company  While these materials have been prepared based on generally-kno

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