First Quarter of the Fiscal Year Ending December 31, 2015 Unicharm Presentation Materials for Investor Meeting

Transcription

1 First Quarter of the Fiscal Year Ending December 31, 2015 Unicharm Presentation Materials for Investor Meeting May 8, 2015 Takahisa Takahara President and CEO Unicharm Corporation Projections stated herein include those based on the Company s assumptions, forecasts and plans as of May 8, Therefore, actual results may differ significantly from projections due to risks and uncertainties associated with market competition, foreign exchange rates, etc. Copyright (c) 2012 Unicharm Unicharm Corporation. Corporation. All rights All rights reserved. reserved.

2 Financial Performance Summary: First Quarter of the Fiscal Year Ending December 31, 2015 Copyright (c) 2012 Unicharm Unicharm Corporation. Corporation. All rights All rights reserved. reserved.

3 1Q of the FY ending Dec 31, 2014 (Previous term) is an irregular settlement of accounts 11Q of the FY Ending Dec 31, (Afterward: Financial report basis ) 1Q of FY2014 Companies with FY Ending March : Apr-Jun 2014 Companies with FY Ending Dec : Jan-Jun 2014 Companies with fiscal year ending Three March months Companies with Three fiscal year ending months December 2Consolidated FY for comparison of pro forma amount. (Afterward: Adjusted basis Compared boxes in red) 2015 : Jan-Mar : Jan-Mar Companies with fiscal year ending March Companies with fiscal year ending December 年 Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Three months Six months Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec 6

4 Consolidated Year-on-Year Comparison (Financial report basis) (Millions of yen) 1Q of FY Ending Dec 31, Q of FY Ending Dec 31, 2014 Difference Difference (%) Net sales 177, ,709 ーー Operating income Operating income margin 17, % 18, % ーー Ordinary income Ordinary income margin 13, % 17, % ーー Net income EPS (Yen) 5, , ーー Difference is not indicated due to irregular closing account for the previous fiscal year. 4

5 Segment Information (Financial report basis) Business Segment Information (Financial report basis) (Millions of yen) Personal Care Pet Care Others Total Elimination/ Companywide Consolidated 1Q of FY Ending Dec 31, 2014 Net sales 174,881 19,496 1, , ,709 Operating income 17, , ,517 1Q of FY Ending Dec 31, 2015 Net sales 156,245 20,082 1, , ,558 Operating income 16, ,049-17,049 Geographical Segment Information (Financial report basis) Japan Asia Others Total Elimination/ Companywide Consolidated 1Q of FY Ending Dec 31, 2014 Net sales 58, ,151 30, , ,709 Operating income 6,206 11, , ,517 1Q of FY Ending Dec 31, 2015 Net sales 64,215 86,679 26, , ,558 Operating income 9,131 7, , ,049 5

6 Overseas sales composition reached 64.1% driven by steady increasing sales composition in Asia ( 1Q of FY Ending Dec 31, 2014 including special factor) Changes in Japan and Overseas Net Sales (Financial report basis) (Billions of yen) 70.1% % 26.8% 43.4% 44.6% 53.9% 31.8% 34.4% 39.4% 60.2% 44.6% 54.2% 64.1% 48.8% 70% 60% 50% 40% 30% 50 20% 10% 0 0% '09/1Q '10/1Q '11/1Q '12/1Q '13/1Q '14 /1Q '15 /1Q Sales in Japan (left axis) Sales in Asia (left axis) Overseas sales excluding Asia (left axis) Sales composition in Asia (right axis) Overseas sales composition (right axis) 1Q of the FY Ending Dec 31, 2014 is an irregular settlement of accounts (Companies with FY ending March is three months and Companies with FY ending December is six months. 6

7 Strong sales of high added value products in Japan Executed aggressive marketing investments focused on Asia Actual operating income margin by geographical segment (Financial report basis) 25.0% Japan Asia Other Consolidated 20.0% 18.7% 16.7% 16.6% 17.0% 15.0% 10.0% 5.0% 12.5% 13.6% 11.8% 11.7% 12.5% 5.8% 5.2% 13.5% 13.2% 4.1% 12.8% 11.6% 6.2% 12.3% 10.8% 2.2% 2.4% 14.2% 11.0% 10.5% 9.6% 9.5% 9.0% 0.9% 0.0% '09 /1Q '10 /1Q '11 /1Q '12 /1Q '13 /1Q '14 /1Q '15 /1Q 7

8 Achieved increase in net sales and in operating income (Excluding retroaction of last-minute demand due to increasing consuption tax) Year-on-Year Comparison (Adjusted basis Jan-Mar 2014 vs Jan-Mar 2015) (Millions of yen) Jan-Mar 2015 Jan-Mar 2014 Difference Difference (%) Note Net sales 177, ,900 18, % Operating income Operating income margin 17, % 18, % 1, % External factor 1,750 Retroaction of last-minute demand due to increasing consuption tax Actual operation income 16, % Adjusted basis is management accounting basis. 8

9 Growth in both net sales and operating income in Japan except for external factor Markets expansion by advance marketing investments in Asia Geographical Segment Information (Adjusted basis Jan-Mar 2014 vs Jan-Mar 2015) (Millions of yen) Japan Asia Others Total Elimination/ Companywide Consolidated Jan - Mar 2014 Net sales 65,757 70,333 22, , ,900 Operating income 9,954 9, ,871 1,248 18,623 Jan - Mar 2015 Net sales 64,215 86,679 26, , ,558 Operating income 9,131 7, , ,049 Difference Net sales 1,542 16,346 3,853 18,658-18,658 Operating income 823 2, ,716 1,143 1,574 Difference (%) Net sales 2.3% 23.2% 16.9% 11.7% % Operating income 8.3% 21.1% 295.3% 13.7% 91.6% 8.5% 18

10 Stable performance by high added-value products in Japan and improving profitability by cultivating new markets of pet care business in North America Business Segment Information (Adjusted basis Jan-Mar 2014 vs Jan-Mar 2015) (Millions of yen) Personal Care Pet Care Others Total Eliminaton/ Companywide Consolidated Jan - Mar 2014 Net sales 138,600 18,916 1, , ,900 Operating income 18, ,623-18,623 Jan - Mar 2015 Net sales 156,245 20,082 1, , ,558 Operating income 16, ,049-17,049 Difference Net sales 17,645 1, ,658-18,658 Operating income 1, ,574-1,574 Difference (%) Net sales 12.7% 6.2% 11.1% 11.7% % Operating income 10.2% % 8.5% - 8.5% 17

11 Impact on sales and operating income due to exchange fluctuation (Adjusted basis) Net sales increased approx billion year-on-year, while operating income increased approx billion Currency Exchange rate for FY2014 Exchange rate for FY2013 Change in rate Taiwan (TWD) % Thailand (THB) % South Korea (KRW) % Indonesia (IDR) % Malaysia (MYR) % Netherlands (EUR) % China (CNY) % Philippines (PHP) % Saudi Arabia (SAR) % India (INR) % USA (USD) % Russia (RUR) % Australia (AUD) % Vietnam (VND) % 19

12 Financial Results Forecasts for Fiscal Year Ending December 31, 2015 Copyright (c) 2012 Unicharm Unicharm Corporation. Corporation. All rights All rights reserved. reserved.

13 Both net sales and operating income have made steady progress in the 1Q of the FY ending Dec 31, 2015 Fiscal year ending Dec 31, 2015 (Published value) 1Q of FY Ending Dec 31, 2015 (Actual) (Millions of yen) Achievement Rate (%) Net sales 760, , % Operating income Operating income margin 86, % 17, % 19.8% Ordinary income Ordinary income margin 80, % 13, % 17.5% Net income Net income margin 44, % 5, % 13.1% 21

14 Shareholder Return Policy Copyright (c) 2012 Unicharm Unicharm Corporation. Corporation. All rights All rights reserved. reserved.

15 Steady and continual dividend payments Planned dividend for FY ending Dec 31, 2015 is per share Change in dividends (Yen) increase in dividends '02/3 '03/3 '04/3 '05/3 '06/3 '07/3 '08/3 '09/3 '10/3 '11/3 '12/3 '13/3 '14/3 '14/12 '15/12E Fiscal year ended Dec. 31, 2014 is an irregular fiscal year lasting nine months. 47

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