Kosaido Holdings Co.ltd. · TSE:7868
Kosaido Holdings Co.ltd — FY2025 Earnings Presentation
52 slides from Kosaido Holdings Co.ltd's earnings presentation, May 15, 2025
Slide 1: FY03/25 Financial Results Presentation
FY03/25 Financial Results Presentation (Securities code: 7868) 2025/5/15
Slide 2: Contents
0 Contents 1 FY03/25 Highlights P. 2 - FY03/25 Full-Year Summary - FY03/25 Consolidated Financial Results - FY03/25 Financial Results by Segment - Segment Performance - Shareholder Return | Dividend 2 Financial Forecast and Dividend Forecast for FY03/26 P. 11 - Financial Forecast for FY03/26 - Divid
Slide 3: FY03/25 Highlights
FY03/25 1 Highlights 2
Slide 4: FY03/25 Full-Year Summary
1-01 FY03/25 Full-Year Summary 1. Further improve business performance Consolidated Operating Profit Consolidated operating profit YoY Effect of prior-year funeral hall (Full year) Change expansions Large-scale projects in the Asset Consulting segment also contributed Success ￥8.3bn +55.9％ 2. Invest
Slide 5: FY03/25 Consolidated Financial Results
1-02 FY03/25 Consolidated Financial Results • Operating profit and ordinary profit increased by more than 150% year on year • Profit attributable to owners of parent rose for the fifth consecutive year (millions of yen) * Reference YoY Change FY03/25 Compared to forecast FY03/25 FY03/24 YoY Change F
Slide 6: FY03/25 Financial Results Summary by Business Segment
1-03 FY03/25 Financial Results Summary by Business Segment (millions of yen) Net sales YoY Change FY03/25 Compared to forecast Operating profit YoY Change FY03/25 Compared to forecast Full-Year Full-Year FY03/25 FY03/24 Change Financial Change FY03/25 FY03/24 Change Financial Change Change Forecast
Slide 7: Q4 FY03/25: Funeral Services Segment
1-04 Q4 FY03/25 (Accounting Period): Funeral Services Segment (millions of yen) Accounting Period Cumulative Net Sales YoY Change Operating Profit YoY Change Net Sales YoY Change Operating Profit YoY Change Q4 FY03/25 Q4 FY03/24 Change Q4 FY03/25 Q4 FY03/24 Change Change Change FY03/25 FY03/24 FY03/
Slide 8: Q4 FY03/25: Information Segment
1-05 Q4 FY03/25 (Accounting Period): Information Segment (millions of yen) Accounting Period Cumulative Net Sales YoY Change Operating Profit YoY Change Net Sales YoY Change Operating Profit YoY Change Q4 FY03/25 Q4 FY03/24 Change Q4 FY03/25 Q4 FY03/24 Change Change Change FY03/25 FY03/24 FY03/25 FY
Slide 9: Q4 FY03/25: HR Segment
1-06 Q4 FY03/25 (Accounting Period): HR Segment (millions of yen) Accounting Period Cumulative Net Sales YoY Change Operating Profit YoY Change Net Sales YoY Change Operating Profit YoY Change Q4 FY03/25 Q4 FY03/24 Change Q4 FY03/25 Q4 FY03/24 Change Change Change FY03/25 FY03/24 FY03/25 FY03/24 Cha
Slide 10: Q4 FY03/25: Asset Consulting Segment
1-07 Q4 FY03/25 (Accounting Period): Asset Consulting Segment (millions of yen) Accounting Period Cumulative Net Sales YoY Change Operating Profit YoY Change Net Sales YoY Change Operating Profit YoY Change Q4 FY03/25 Q4 FY03/24 Change Q4 FY03/25 Q4 FY03/24 Change Change Change FY03/25 FY03/24 FY03/
Slide 11: Shareholder Return | Dividend
1-08 Shareholder Return | Dividend Dividend for FY03/25 ✓ Final dividend per share determined as initially forecast (payout ratio: 40.9%) Dividend per Share Record Date End of Q2 End of FY Total ￥6.60 * － FY03/24 Results (￥29.47) (￥33.0) (￥62.47) FY03/25 Forecast ￥6.37 ￥6.37 ￥12.74 May 15, 2024 FY03
Slide 12: FY03/26 Financial Forecast and Dividend Forecast
FY03/26 2 Financial Forecast and Dividend Forecast 11
Slide 13: Financial Forecast for FY03/26
2-01 Financial Forecast for FY03/26 FY03/26 full-year forecast While implementing measures for long-term growth, we aim to steadily achieve our current performance targets. (millions of yen) Full-Year Prior FY YoY Forecast Results Change Change (%) Net sales 39,750 38,302 1,448 3.8 Operating profit
Slide 14: Financial Forecast for FY03/26 by Segment
2-02 Financial Forecast for FY03/26 by Segment FY03/26 Offset the decline in the Asset Consulting segment with other segments to maintain profit at the same level as the previous year. (millions of yen) YoY Financial Forecast Prior FY Results Change Change (%) Net sales 39,750 38,302 1,448 3.8 Publi
Slide 15: Dividend Forecast for FY03/26
4-03 Dividend Forecast for FY03/26 FY03/26 ✓ Secure a dividend payout ratio of 35% while aiming to achieve performance targets Dividend per Share Record Date End of Q2 End of FY Total FY03/25 Results ￥6.37 ￥6.37 ￥12.74 FY03/26 Forecast ￥6.67 ￥6.67 ￥13.34 Copyright KOSAIDO Holdings Co., Ltd. All Righ
Slide 16: Medium-Term Business Plan 5.0 (FY2025-FY2027)
Medium-Term 3 Business Plan 5.0 （FY2025 - FY2027） 15
Slide 17: Medium-Term Business Plan Basic Policy
3-02 Medium-Term Business Plan Basic Policy Aim to achieve ¥10 billion in consolidated operating profit in three years by executing our strategy 1. Strengthen the Foundation to Achieve Long-Term Profit Growth – Steadily promote expansion of funeral halls and increase in the number of funeral service
Slide 18: Medium-Term Business Plan Performance Targets
3-03 Medium-Term Business Plan Performance Targets (millions of yen) Medium-Term Business Plan 5.0 FY03/23 FY03/24 FY03/25 Results Results Results FY03/26 FY03/27 FY03/28 (Revised Oct 4, 2024) Plan Plan Plan Net sales 36,668 35,457 38,302 39,750 43,000 46,800 Operating profit 4,280 5,323 8,302 8,350
Slide 19: Performance Targets by Segment
3-04 Medium-Term Business Plan Performance Targets by Segment (millions of yen) Medium-Term Business Plan 5.0 FY03/24 FY03/25 Results Results FY03/26 FY03/27 FY03/28 Plan Plan Plan Net sales 5,536 5,986 6,100 6,280 6,470 Public Funeral Services Operating profit 1,081 1,249 1,180 1,220 1,260 Net sale
Slide 20: Business Revenue Trends
3-05 Business Revenue Trends ✓ During the current Medium-Term Business Plan period, we aim to strengthen our foundation for long-term growth while maintaining profit levels. Net sales Operating profit (Millions of yen) (Millions of yen) 50,000 Operating 12,000 営業利益 profit Net sales 売上高 46,800 (Paren
Slide 21: Public Funeral Services Segment
3-06 Public Funeral Services Segment Medium-Term Business Plan 5.0 FY03/24 FY03/25 Results Results FY03/26 FY03/27 FY03/28 Plan Plan Plan Net sales 5,536 5,986 6,100 6,280 6,470 Public Funeral Services Operating profit 1,081 1,249 1,180 1,220 1,260 Key Metric: Number of Cremations per Year FY03/25:
Slide 22: Profit-Generating Funeral Services Segment
3-07 Profit-Generating Funeral Services Segment Medium-Term Business Plan 5.0 FY03/24 FY03/25 Results Results FY03/26 FY03/27 FY03/28 Plan Plan Plan Net sales 8,675 10,442 11,400 13,120 14,230 Profit-Generating Funeral Services Operating profit 3,506 4,288 4,620 4,850 5,570 Key Metric: Number of Fun
Slide 23: Information Segment
3-08 Information Segment Medium-Term Business Plan 5.0 FY03/24 FY03/25 Results Results FY03/26 FY03/27 FY03/28 Plan Plan Plan Net sales 15,168 14,793 15,000 16,000 17,000 Information Operating profit 311 394 570 660 780 Key Metric: Operating Profit Margin FY03/25: 2.6% FY03/28: 4.6% Printing Busines
Slide 24: HR Segment
3-09 HR Segment Medium-Term Business Plan 5.0 FY03/24 FY03/25 Results Results FY03/26 FY03/27 FY03/28 Plan Plan Plan Net sales 5,617 5,282 5,650 6,000 7,500 HR Operating profit (-78) (-158) 0 100 210 Key Metric: Number of Domestic Placements of Foreign Workers per Year FY03/25: 300 FY03/28: 2,000 Gl
Slide 25: Asset Consulting Segment
3-10 Asset Consulting Segment Medium-Term Business Plan 5.0 FY03/24 FY03/25 Results Results FY03/26 FY03/27 FY03/28 Plan Plan Plan Net sales 459 1,796 1,600 1,600 1,600 Asset Consulting Operating profit 286 1,447 1,110 1,200 1,200 Key Metric: Number of New Customer Contacts per Year FY03/25: 2,600 F
Slide 26: Shareholder Return Policy
3-11 Shareholder Return Policy Dividend payout ratio Secure a dividend payout ratio of about 35%, with a future target of 40% Other measures for shareholder return Consider implementing flexible shareholder returns, including share buybacks Maintaining and improving dividend levels Strive to maintai
Slide 27: Dividend Plan
3-12 Dividend Plan Dividend Plan Strengthen shareholder returns in line with business growth (millions of yen) FY03/25 FY03/23 FY03/24 FY03/26 FY03/27 FY03/28 results results results plan plan plan (planned) Current net profit 4,042 4,336 4,462 5,380 5,670 6,370 Dividend amount End of Q2 221 796 917
Slide 28: Growth Investments
3-13 Growth Investments Investment to increase the number of funeral services handled 1. M&A Investment Implement strategic M&A aimed at expanding market share and service areas, with the goal of increasing the number of funeral services handled. 2. Opening New Funeral Homes Promote plans to open ne
Slide 29: Appendix
Appendix 1. Change of Representative A 2. Details of FY03/25 Results 3. ESG Activity Report 4. Company Overview 28
Slide 30: Change of Representative
A1-01 Change of Representative Appointment of New Representative Director and a Director Candidate [Announced March 31, 2025] At the Board of Directors meeting held on March 31, 2025, it was resolved to change the representative director and informally nominate a director candidate, subject to appro
Slide 31: Quarterly Trend (Net Sales)
A2-01 Quarterly Trend (Net Sales) • Q4 net sales increased by 4.6% year on year. Both the Public and Profit-Generating Funeral Services segments performed well (see slide 6). The number of funeral services handled also increased. (millions of yen) 12,000 10,469 10,857 10,381 9,711 9,931 1,316 10,000
Slide 32: Quarterly Trend (Cost of Sales)
A2-02 Quarterly Trend (Cost of Sales) • Q4 cost of sales increased year on year (+155 million yen), while the cost of sales ratio declined by 1.1 percentage points. • Information Segment: Progress in in-house production led to higher procurement costs, while growth in outsourced processing costs was
Slide 33: Quarterly Trend (SG&A Expenses)
A2-03 Quarterly Trend (SG&A Expenses) • Q4 SG&A expenses decreased year on year (-509 million yen). Personnel expenses declined significantly due to the absence of stock compensation expenses recorded in the previous year. Advertising expenses increased due to the broadcast of the Tokyo Hakuzen Fune
Slide 34: Quarterly Trend (Number of Employees)
A2-04 Quarterly Trend (Number of Employees) ・Compared to the same period last year, Q4 saw a decrease due to the restructuring of production personnel in the Information segment. (Number of employees / %: Composition ratio) * Numbers inside parentheses indicate YoY change 1,200 1,129 1,116 1,127 1,1
Slide 35: Quarterly Trend (Operating Profit by Segment)
A2-05 Quarterly Trend (Operating Profit by Segment) • Q4 operating profit increased 49.2% year on year. Profit rose in the Public and Profit-Generating Funeral Services segments. The Information and Asset segments saw slight declines, while the HR segment reduced its losses. (millions of yen) 3,000
Slide 36: Q4 Analysis of Change in Operating Profit
A2-06 Q4 FY03/25 Analysis of Change in Operating Profit (Major Items) • Compared to the same period last year, revenue increased across all segments except for the Information segment. Personnel expenses declined significantly due to the absence of stock compensation expenses recorded in the previou
Slide 37: Consolidated Balance Sheet
A2-07 Consolidated Balance Sheet (millions of yen) March 2024 March 2025 YoY Change (Revised Oct 4, 2024) Current assets 34,569 38,021 3,452 Cash and deposits 18,974 11,713 (7,261) Notes and accounts receivable– 5,135 4,573 (562) trade Non-current assets 42,845 39,235 (3,610) Property, plant and equ
Slide 38: Public Funeral Services Business Income & Expenditures
A2-08 Public Funeral Services Business Income & Expenditures: Q4 FY03/25 The Public Funeral Services Business is a business that has a significant amount of public interest and requires permanence and non-profitability Increase in business Increase in transparency stability ■The Company’s responsibi
Slide 39: ESG Activity Report
A3-01 ESG Activity Report The purpose of the Kosaido Holdings ESG Activity Report is to provide shareholders, investors, business partners, and a wide range of other stakeholders with an understanding of the Company’s approach and concrete action to further sustainability. The Kosaido Group SDGs Dec
Slide 40: Cremation Business
ESG Reporting [Society] - The Social Responsibility of the A3-02 Cremation Business The Company conducts our business based on the spirit of “Kosai,” which means “contributing to society at large.” Ochiai Funeral Home Machiya Funeral Home Yotsugi Funeral Home Especially in Tokyo Hakuzen’s cremation
Slide 41: Social Responsibility of the Cremation Business
ESG Reporting [Society] A3-03 - The Social Responsibility of the Cremation Business Social Responsibility of the Cremation Business in a High-Death Society Both local communities and Japanese society as a whole are facing a high number of deaths, and that figure increases by the year.As shown in the
Slide 42: State of the Population | Estimated Deaths
ESG Reporting [Society] A3-04 - The Social Responsibility of the Cremation Business State of the Population | Estimated Deaths Nationwide Tokyo Unit: 10,000 ppl Unit: 10,000 ppl Nationwide Actual Estimated Tokyo Nationwide: Statistics Bureau, Ministry of Internal Affairs and Communications; National
Slide 43: Tokyo Hakuzen's Actions
ESG Reporting [Society] A3-05 - The Social Responsibility of the Cremation Business Tokyo Hakuzen’s Actions ■ Cremation technology that ensures a smooth funeral service while fulfilling a social responsibility. While many crematoriums use furnaces with carts, Tokyo Hakuzen uses grates that enable qu
Slide 44: ESG Reporting [Environment]
A3-06 ESG Reporting [Environment] Disclosure Based on the Task Force on Climate-related Financial Disclosures (TCFD) Recommendations In addition to endorsing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), in 2022, in response to increasing greenhouse gas emiss
Slide 45: ESG Activity Reporting [Governance]
A3-07 ESG Activity Reporting [Governance] Aiming to maximize shareholder value, sustainably increase enterprise value, and earn society’s trust, we not only boost profitability, but also emphasize shareholder rights, implement efficient, fair, and transparent management practices, and ensure complia
Slide 46: Company Overview
A4-01 Company Overview Company name KOSAIDO Holdings Co., Ltd. Establishment January 1949 Net 38,302million yen Total 77,257 million yen Net 47,940million yen sales (FY03/25) assets (as of March 31, 2025) assets (as of March 31, 2025) Chairman and Representative Director, President, CEO（Chief Execut
Slide 47: History
A4-02 History 2022 Launched funeral services ・Kosaido Lifewell ・Gran Ceremo Tokyo 2021 Transitioned to a holding 1984 company structure Tokyo Hakuzen joined the Group (Started end-of-life business) 1970 Founded Japan’s first computer typesetting company 2023 2013 Launched asset consulting services E
Slide 48: Mission, Vision, and Value
A4-03 Mission, Vision, and Value MISSION Further enrich 100-year lives. VISION A company that creates myriad “thank yous” Provide innovative services that foster overflowing gratitude VALUE through individual challenges and strong organizational connections Based on our management philosophy of “Kos
Slide 49: Group Businesses
[Main businesses] Crematory operation and provision GROUP KOSAIDO Group End-of-life business of funeral halls Funeral services End-of-life business Tax, real estate & financial services Further enrich 100-year lives. [Main businesses] Offset printing (publishing, commercial) Newspaper printing Infor
Slide 50: Kosaido Group's SDGs Declaration
A4-05 Kosaido Group’s SDGs Declaration To put our corporate Economy Society philosophy of “contributing to Provide wide-ranging support “Live in harmony with others” society at large” into action, we Value creation for sustainable economic Developing equitable and diverse activities communities Even
Slide 51: Contact
A4-06 Contact If you have any comments or questions about this presentation or other IR-related topics, please use the contact form at the following URL to contact us. In addition, Facilities Tours for Institutional Investors and Analysts are held accordingly (funeral home tours are conducted by Tok
Slide 52: Further enrich 100-year lives.
Further enrich 100-year lives. <Precautionary note regarding this material> The figures provided in this document, including performance forecasts, are calculated based on judgments and assumptions derived from currently available information. Please be aware that actual results may differ significa