Konishi Co., Ltd. · TSE:4956
Konishi — FY2024 Earnings Presentation
26 slides from Konishi's earnings presentation, May 29, 2024
Slide 1: Consolidated Financial Results for the Fiscal Year Ended March 31, 2024
Consolidated Financial Results for the Fiscal Year Ended March31, 2024 ・Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2024 ・ Medium-Term Management Plan 2027 May 29, 2024
Slide 2: Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2024
Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2024 1
Slide 3: Fiscal Year Ended March 31, 2024 - Summary of Results (Year-on-Year Comparison)
Fiscal Year Ended March 31, 2024 - Summary of Results (Year-on-Year Comparison) • Net sales, operating profit, and ordinary profit were at record highs. • Operating profit and ordinary profit increased significantly due to progress in improving selling prices in bond business, which had been delayed
Slide 4: Main Causes for Changes in Operating Profit
Fiscal Year Ended March 31, 2024 - Main Causes for Changes in Operating Profit (Unit: Million yen, % in () comparison with Bond profits increased significantly due to the improvement of sales prices, despite a the previous year) continued decrease in sales volume and rises in raw materials costs. Co
Slide 5: 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 transfer to product sales prices • Bond: Significant increase due to improvement of • Chemicals: Increase as sales to automotive field were strong sales prices •
Slide 6: [Segment of Bond] Net sales by industry
[Segment of Bond] Net sales by industry (Unit: Million yen, % in () comparison with the previous year) Wall Bond Industry Co., Ltd. (Group) Including internal transactions. 71,627 (+3.9%) Adhesive for wallcoverings increased due to price increase 68,968 3,108 (+12.9%) 2,754 Sunrise Corporation (Grou
Slide 7: [Segment of Chemicals] Net sales by industry
Net sales of this segment are presented before the application of revenue [Segment of Chemicals] Net sales by industry recognition because of the significant impact of the application of the revenue recognition standards. (*Net sales after the application of revenue recognition) (Unit: Million yen,
Slide 8: [Segment of Construction] Breakdown of net sales of affiliates
[Segment of Construction] Breakdown of net sales of affiliates (Unit: Million yen, % in () comparison with the previous year) Including internal transactions. (+12.0%) 21,857 Chushin Construction Co., Ltd. (Group) 19,514 1,717 (+218.1%) Net sales increased because the company became a consolidated s
Slide 9: Medium-Term Management Plan
Medium-Term Management Plan 2027 8
Slide 10: Medium-Term Management Plan 2026 Review of Numerical Targets
Medium-Term Management Plan 2026 Review of Numerical Targets The operating profit target of Medium-Term Management Plan 2026 was achieved in the first year of the plan, the fiscal year ending March 31, 2024 so we formulated Medium-Term Management Plan 2027. Target for year ending March 31, 2026 Resu
Slide 11: Numerical Targets of Medium-Term Management Plan 2027
Numerical Targets of Medium-Term Management Plan 2027 Fiscal year ended Fiscal year ending March 31, 2027 March 31, 2024 (Compared with fiscal year ended March 31, 2024) Net sales 132.9 billion yen Net sales 150.0 billion yen (+12.8%) Operating profit 10.2 billion yen Operating profit 11.5 billion y
Slide 12: Business strategies - Bond business (manufacturing)
Business strategies - Bond business (manufacturing) - of Medium-Term Management Plan 2027 [1] Promotion of the new development of industrial applications ~ Net sales by application Strengthening of the non-housing area ~ (Unit: billion yen) ・ Develop sealing materials and adhesives for the electroni
Slide 13: Business strategies - Chemicals business (trading business)
Business strategies - Chemicals business (trading business) Net sales of this segment are presented before the application of revenue recognition because of the significant impact of the - of Medium-Term Management Plan 2027 application of the revenue recognition standards. Net sales by industry (*N
Slide 14: Business strategies - Construction business (construction)
Business strategies - Construction business (construction) - of Medium- Term Management Plan 2027 Net sales by affiliates [1] Expansion of business in the repair market (civil engineering repair fields) (Unit: billion yen) 27.1 (+24.2%) ◇It is forecast that about 55% of bridges will be at least 50 y
Slide 15: Capital Policy
Medium-Term Management Plan 2027 Capital Policy 14
Slide 16: Mid-term Management Plan 2026 Review of Capital Policy
Mid-term Management Plan 2026 Review of Capital Policy (i) Repurchase of treasury shares ○ Under the capital policy of Medium-Term Management Plan 2026, we planned to acquire 6.0 billion yen of treasury stock over the three-year period from April 2023 to March 2026 as part of shareholder returns. Me
Slide 17: Fund allocation plan
Medium-Term Management Plan 2027 Fund allocation plan In addition to the capital expenditure required for growth, we will implement shareholder returns through stable dividends Fund allocation and the plan repurchase (3 years) of treasury shares. Cash in Cash out Growth investments aimed at business
Slide 18: Capital expenditure of Medium-Term Management Plan 2027
Capital expenditure of Medium-Term Management Plan 2027 ~ We will implement our largest ever capital expenditure About 15.0 billion yen continuously ~ cumulatively over 3 years We will promote production rationalization and DX (* Including capital expenditure other than that shown below) [1] Strengt
Slide 19: Dividend Policy
Dividend Policy Dividend The company’s policy is to pay continuous and stable dividends maintaining a consolidated dividend policy payout ratio of 30% or more, while taking into account the results of each fiscal year. [Annual dividends per share and consolidated payout ratio] 30.5 30.3 30.0 30.0 29
Slide 20: Disclaimer and 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 Contac
Slide 21: Reference data
Reference data 20
Slide 22: Plan for the Fiscal Year Ending March 31, 2025
Plan for the Fiscal Year Ending March 31, 2025 21
Slide 23: Full-Term Results Plan for the Fiscal Year Ending March 31, 2025
Full-Term Results Plan for the Fiscal Year Ending March 31, 2025 ・ We forecast that we will record increases in net sales ・ We will aim for record-high operating profit due to increased sales in bond and chemicals businesses Fiscal year ended Fiscal year ending Year-on-year March 31, 2024 March 31,
Slide 24: Full Term Plan by Segment for the Fiscal Year Ending March 31, 2025
Full Term Plan by Segment for the Fiscal Year Ending March 31, 2025 (Consolidated) Net sales Operating profit (Unit: Million yen, % in () comparison with the previous year) ・ We forecast increases in the net sales of Bond, ・ Bond profits are expected to increase due to the Chemicals and Construction
Slide 25: About the numerical targets by segment
Medium-Term Management Plan 2027 About the numerical targets by segment 24
Slide 26: Medium-Term Management Plan 2027 Numerical targets by segment
Medium-Term Management Plan 2027 Numerical targets by segment Net sales Operating profit (+ 12.8%) (Unit: billion yen) 150.0 (Unit: billion yen) 132.9 27.2 (+24.2%) 11.5 (+12.0%) Construction 21.9 10.2 2.4 (+8.5%) 42.6 (+8.5%) Construction 2.2 39.3 1.6 (+ 24.4%) Chemicals Chemicals 1.3 80.8 (+12.8%)