Konishi Co., Ltd. · TSE:4956
Konishi — FY2023 Earnings Presentation
24 slides from Konishi's earnings presentation, May 26, 2023
Slide 1: Consolidated Financial Results for the Fiscal Year Ended March 31, 2023
Consolidated Financial Results for the Fiscal Year Ended March31, 2023 ・ Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 ・ Consolidated Financial Forecasts for the Fiscal year ending March 31, 2024 ・ Medium-Term Management Plan 2026 May 26, 2023
Slide 2: Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2023
Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 1
Slide 3: Fiscal Year Ended March 31, 2023 - Summary of Results (Year-on-Year Comparison)
Fiscal Year Ended March 31, 2023 - Summary of Results (Year-on-Year Comparison) ・ We recorded increases in net sales. ・ Profits have reached record highs. ・ Profit attributable to owners of parent increased significantly due to the recording of gains on sales of non-current assets. Relative Fiscal y
Slide 4: Consolidated Financial Results by Segment (Year-on-Year Comparison)
Consolidated Financial Results by Segment (Year-on-Year Comparison) Net sales Operating profit (Unit: million yen) ・ Bond : Increase due to price increase ・ Bond : Price increases continued, but operating profit decreased ・ Chemicals : Increase due to price revisions of purchased materials ・ Chemica
Slide 5: Main Causes for Changes in Operating Profit
Fiscal Year Ended March 31, 2023 - Main Causes for Changes in Operating Profit Operating profit increased as sales prices improved into the 2nd half of the fiscal year under review, although the impact of increased raw material costs was large. (Unit: million yen, % in () is comparison with the prev
Slide 6: [Segment of Bond] Net sales by industry
[Segment of Bond] Net sales by industry (Unit: million yen, % in () is comparison with the previous year) Wall bond Industry Co., Ltd. (Group) * Including internal transactions. The increase in the price of wallcoverings adhesives was delayed 68,968 (+8.4%) and net sales increased slightly 2,754 (+2
Slide 7: [Segment of Chemicals] Net sales by industry
The net sales of this segment are presented before [Segment of Chemicals ] Net sales by industry the application of revenue recognition standard because its impact is significant. (* Net sales after the [34,674] [+8.9%] (Unit: million yen, % in () is comparison with the previous year) application of
Slide 8: [Segment of Construction] Breakdown of net sales of affiliates
[Segment of Construction] Breakdown of net sales of affiliates (Unit: million yen, % in () is comparison with the previous year) * Including internal transactions. Chushin Construction Co., Ltd. (Group) 19,514 (+8.3%) The company became a consolidated subsidiary in January 2023 so only 3 months of r
Slide 9: Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2024
Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2024 8
Slide 10: Consolidated financial forecast for the fiscal year ending March 31, 2024
Consolidated financial forecast for the fiscal year ending March 31, 2024 ・ We forecast that we will record increases in net sales ・ We will aim for a record operating profit from a significant increase from our bond business ・ Profit attributable to owners of the parent is expected to decrease due
Slide 11: Earnings Forecasts by Segment
Earnings Forecasts by Segment Operating profit (Unit: million yen, % in () is comparison with the previous year) Net sales ・We forecast increases in the net sales of Bond, ・ Bond profits are expected to increase significantly as Chemicals and Construction businesses the improvement of sales prices c
Slide 12: Medium-Term Management Plan 2026
Medium-Term Management Plan 2026 11
Slide 13: Trend in the Konishi Group's consolidated results over the past 10 years
Trend in the Konishi Group’s consolidated results over the past 10 years ・ Net sales for the most recent fiscal year (before application of the revenue recognition standard) increased by 41.9 billion yen (+37.2%) over 10 years to reach a new record high. ・ Operating profit also increased by 0.9 bill
Slide 14: Changes in the Konishi Group's business portfolio over the past 10 years
Changes in the Konishi Group’s business portfolio over the past 10 years Net sales (before application of the revenue recognition standard) Operating profit ・ Bond: Achieved 70.1 billion yen, up 15 billion yen (+27.3%) over 10 years. ・ 10 years ago, about 80% of operating profit was from Bond busine
Slide 15: Numerical targets of Medium-Term Management Plan 2026
Numerical targets of Medium-Term Management Plan 2026 Fiscal year ended Fiscal year ending March 31, 2026 March 31, 2023 (Compared with fiscal year ended March 31, 2023) Net sales 123.3 billion yen Net sales 140.8 billion yen (+14.1%) Operating profit 7.4 billion yen Operating profit 9.7 billion yen
Slide 16: Key Group Strategies of Medium-Term Management Plan 2026
Key Group Strategies of Medium-Term Management Plan 2026 ・ The group will strengthen new development activities and new product New development and development for industrial materials applications (electronic, electrical and new product development automotive industries) that are less susceptible t
Slide 17: Numerical targets by segment of Medium-Term Management Plan 2026
Numerical targets by segment of Medium-Term Management Plan 2026 Net sales Operating profit (Unit: billion yen) 140.8 (+14.1%) (Unit: billion yen) 9.7 (+30.9%) 123.3 24.9 (+27.4%) Construction 19.5 2.0 (+27.6%) 7.4 38.8 (+12.0%) Construction 1.6 1.5 (+19.7%) Chemicals 34.7 Chemicals 1.3 76.9 (+11.4%
Slide 18: Business strategies - Bond business (manufacturing)
Business strategies - Bond business (manufacturing) – of Medium-Term Management Plan 2026 [1] Promotion of the new development of industrial applications Net sales by application 76.9 (+11.4%) ~ Strengthening of the non-housing area ~ (Unit: billion yen) Wall Bond Industry ・ Promotion of the develop
Slide 19: Business strategies - Chemicals business (trading business)
The net sales of this segment are presented before Business strategies - Chemicals business (trading business) – the application of revenue recognition standard of Medium-Term Management Plan 2026 because its impact is significant. Net sales by industry (* Net sales after the application of revenue
Slide 20: Business strategies - Construction business (construction)
Business strategies - Construction business (construction) - of Medium-Term Management Plan 2026 [1] Expansion of business in the repair market (civil engineering repair Net sales by affiliates fields) ◇ It is forecast that about 55% of bridges will be at least 50 years old in 2030. (Unit: billion y
Slide 21: Cash allocation plan of Medium-Term Management Plan 2026
Cash allocation plan of Medium-Term Management Plan 2026 In addition to the capital expenditure required for growth, we will strengthen shareholder returns through stable dividends and the repurchase of treasury shares. Cash allocation plan (3 years) Cash in Cash out Growth investments aimed at busi
Slide 22: Capital expenditure of About 15.0 billion yen
Capital expenditure of Medium-Term Management Plan 2026 ~ Largest scale ever capital expenditure ~ About 15.0 billion yen We will promote the increase of production capacity, streamlining and rationalization, and DX cumulatively over 3 years (* Including capital expenditure other than that shown bel
Slide 23: Dividends
Dividends Dividend The company’s policy is to pay continuous and stable dividends aiming for a consolidated dividend payout ratio of 30% or policy more. [Annual dividends per share and consolidated payout ratio] 30.5 30.8 30.0 30.0 28.5 29.1 (Unit: yen) 70 20.4 20.4 20.6 21.4 Note 3) 19.5 20.1 17.4
Slide 24: 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 Conta