Securities Code: 9066 December 5, 2017

Transcription

1 Securities Code: 966 December 5, 217

2 Overview of Financial Financial results for Q2 Overview of the full-year plan billion yen Net sales Interim period ended September 3, 216 (Cumulative for the first half of the previous fiscal year) Net sales increased due to a greater number of sales in the logistics and travel service businesses billion yen Increased by 11.4% billion yen Operating income Increased by 38.4% 2.34 billion yen Interim period ended September 3, 216 (Cumulative for the first half of the previous fiscal year) Interim period ended September 3, 217 (Cumulative for the first half of the current fiscal year) Operating income increased due to strong sales in the logistics business. Profit attributable to owners of parent Increased by 79.3% 3.24 billion yen Interim period ended September 3, 217 (Cumulative for the first half of the current fiscal year) 3.22 billion yen Operating income forecasts The forecasts have been revised 5.6 billion yen Fiscal year ended March 31, 217 (the previous term) Announced on May 9, 217 Operating income achievement rate 6.15 billion yen Fiscal year ending March 31, 218 (the current term) Announced on October 3, yen 1 yen Fiscal year ended March 31, 217 (the previous term) Increased by 9.7% Achievement rate for Q2: 52.8% Dividend forecast Full-year forecast: Increase Fiscal year ending March 31, 218 (the current term) Interim period ended September 3, 216 (Cumulative for the first half of the previous fiscal year) Interim period ended September 3, 217 (Cumulative for the first half of the current fiscal year) (Note) The dividends for the fiscal year ending March 31, 218 do not reflect the share consolidation of common stock by the ratio of five shares to one share that was effective on October 1,

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4 Summary for Q2 Fiscal 218 Surpassed the Company s business plan made at the beginning of the fiscal year. Achieved significantly higher sales due to the recovery in Asia. Profit margins improved as a result of the reduction of operational costs. Q2 Fiscal 217 Q2 Fiscal 218 (Millions of yen) Initial plan (May 9) Compared to the initial plan Compared to the previous term Net sales 96,744 13,5 17, % 111.4% Operating income 2,347 2,9 3, % 138.4% Operating income margin 2.4% 2.8% 3.% Improved.2 P Improved.6 P Ordinary income 2,536 3, 3, % 139.9% Net Profit 1,797 2,6 3, % 179.3% 4

5 Operating by Quarter Performance remains strong in fiscal 218, continuing the success of the second half of fiscal 217. Movement of cargo in areas such as automotive-related logistics is expected to remain solid in the second half. Net sales Operating income (Millions of yen) 25, 2, 15, 1, 5, 7, 6, 5, 4, 3, 2, 1, (Millions of yen) Fiscal 214 Fiscal 215 Fiscal 216 Fiscal 217 Fiscal 218 Plan Fiscal 214 Fiscal 215 Fiscal 216 Fiscal 217 Fiscal 218 Plan Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 5

6 Changes in Volume of Ocean and Air Cargo Movement Movement of cargo into and out of is growing steadily. Ocean freight export (TEU) Air freight export (TON) 3, 2, 1, 3, 2, 1, From From the Americas From From Asia Ocean freight import (TEU) To To the Americas To From China To Asia To China 3, 2, 1, 4, 3, 2, 1, From From the Americas From From Asia Air freight import (the number of transactions) To To the Americas To From China To Asia To China First half of 215 First half of 216 First half of 217 6

7 Analysis of Factors Affecting Operating Income for Q2 Fiscal 218 Increased by 4%, mainly in and Asia. The decline in is expected to improve in future. (Millions of yen) 4, 3, 2, 1, 2,347 Logistics 57 Travel Service 115 Real Estate (7) The Americas (5) (129) Asia 33 China 13 Others 4 3,248 for Q2 fiscal 217 for Q2 fiscal 218 * Others refer to consolidation, etc. * The above figures are from our internal data to clearly show each region s performance. 7

8 Analysis of Factors Affecting Operating Income for Q2 fiscal 218 Factors (Millions of yen) Logistics Compared to the previous term 57 Cost reduction through terminal consolidation Increased handling of cargo to and from Overseas Travel Service Real Estate 115 Robust demand in business trips and wholesale business (7) Sluggish spot orders such as repair work Subtotal 678 The Americas Asia China (5) Handling of equipment and machinery declined in Mexico (129) 33 Subtotal 182 Brisk performance in the delivery of automotive parts in the UK was offset by a reactionary decline of warehouse operations in Germany Increased food export to Increased automotive-related logistics activity in the region 13 Large number of items handled, such as electronic components 8

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10 Summary for Full-Year Plan of Fiscal 218 Aim for record high profits backed by strong cargo movement. Fiscal 217 Fiscal 218 (Millions of yen) Initial plan (May 9) Revised plan (October 3) Change from the previous fiscal year Compared to the previous term Net sales 21,29 27, 213, 11, % Operating income 5,67 5,8 6, % Operating income margin 2.8% 2.8% 2.9% Improved.1 P Improved.1 P Ordinary income 6,266 6, 6, % Net Profit 4,457 4,6 5, % 1

11 Full-Year Plan for Fiscal 218 By Region (Operating Income) Revised the initial plan upwards on the back of strong performance in and Asia. (Millions of yen) Initial plan (May 9, 217) (Millions of yen) Revised plan (October 3, 217) 6,2 6,1 6, 5,9 5,8 5,7 5,6 5,5 5,4 5,3 Logistics 195 5,67 Travel Service (73) The Americas 74 Real Estate (352) Asia 32 China (23) Others 7 5,8 6,2 6,1 6, 5,9 5,8 5,7 5,6 5,5 5,4 5,3 Travel Service Logistics ,67 Real Estate (38) The Americas (66) Asia 479 (157) China (6) Others 8 6,15 for fiscal 217 Initial plan at the beginning of fiscal 218 for fiscal million yen 543 million yen Revised plan for fiscal 218 * Others refer to consolidation, etc. * The above figures are from our internal data to clearly show each region s performance. 11

12 Full-Year Plan for Fiscal 218 By Region (Operating Income) (Millions of yen) Fiscal 217 Fiscal 218 Initial plan (May 9) Revised plan (October 3) Change from the initial plan Compared to the previous term Logistics in 1,91 2,96 2, Travel Service in Real Estate in (38) (38) The Americas (14) (66) (157) Asia , China (37) (6) * The above figures are from our internal data to clearly show each region s performance. 12

13 Factors in determining the Full-Year Plan for Fiscal 218 Increased handling of imports and exports related to automotive logistics Increased handling of exports centered on equipment, machinery and electronic devices Increased handling of business trips and wholesale business in travel services Background for revising the plan The Americas Handling of equipment and machinery declined in Mexico Solid performance in milk run and warehouse operations Asia Logistics remains strong in the region China Concerns over cost increases despite the increased handling volume Forecast exchange rates for fiscal 218: USD = yen, EUR = yen, GBP = yen, THB = 3.41 yen, CNY = 17.5 yen [Foreign exchange sensitivity] Every one-ese-yen move against the U.S. dollar and Euro is estimated to have an impact of approx. 55 million yen on net sales and approx. 2 million yen on operating income, respectively. 13

14 Dividend Policy As the Group strives to return profits to shareholders, the annual dividend for fiscal 218 is expected to be 1. yen, a 1. yen increase year-on-year. (Yen) (%) 12 Annual dividend per share Dividend payout ratio March 26 March 28 March 21 March 212 March 214 March 216 March 218E (Note) The dividends for the fiscal year ending March 31, 218 do not reflect the share consolidation of common stock by the ratio of five shares to one share that was effective on October 1, 217. Increased dividend planned 14

15 Aim for Early Achievement of the Medium-term Business Plan Achieve increases in operating income for five years running by improving cost competitiveness, ( 単位 : 百万円 ) in addition to the bullish economy. Maintain growth speed and aim to achieve operating income of 7.4 billion yen at an early stage. (Millions of yen) Operating income and operating income margin 8, 7, 6, 5, 4, 3, 2, 1, Final year of the Medium-term Business Plan Operating income: 7.4 billion yen Operating income margin: 3.2% Fiscal 213 Fiscal 214 Fiscal 215 Fiscal 216 Operating income Fiscal 217 Fiscal 218E Operating income margin Fiscal 222E The 6th Medium-term Business Plan. 15

16 Summary The 6th Medium-term Business Plan Gets Off to a Good Start Aim to Increase Operating Income for Five Years Running for Q2 Sales and income increased on a YoY basis The full-year plan for fiscal 218 Sales and income increase on a YoY basis Medium-term initiatives Steady movement of cargo in and Asia Operating income increased by 4% from the previous term Revise the full-year plan upwards and aim for record-high operating income Maintain growth speed and aim for early achievement of medium-term targets 16

17 Note on the Appropriate Use of Performance Forecasts This presentation contains forward-looking statements and business plans related to the Group s future performance, such as net sales, profits, etc. Please note that the statements in these reports are evaluations made under the management s assumptions and views based upon the information available at the time these reports were prepared, and actual results may vary significantly from what is forecasted. 17