Business Report on 1Q of FY2005

Transcription

1 Business Report on of FY25 Yoshiyuki Takitani Managing Director and General Manager Corporate Communication Dept. Sekisui Chemical Co., Ltd. 28 July, 25 Outline of & Loss for of FY25 FY25 FY24 Changes FH Plan FH FH 1,923 4,45 1,779 4, (Progress Rate in FH Plan) (43%) (43%) Recurring Net

2 of FY25 & Operating per Company of FY25 of FY24 Changes Housing U.I.E.P. H.P.P. Others Eliminated or Not attributed Total , , U.I.E.P. : Urban Infrastructure & Environmental Products H.P.P.: High Performance Plastics 3 Housing Company (1) Orders received for 1. Housing business 1)The qualitative turn of sales is now in progress Ordered structures, 87% of PY Reduction in holding the events and Expansion of sales by inviting visitors to model houses and also by the personal introduction of our houses Price-appealing Performance & Quality appealing 2) Promotion in adding higher value Amount of order received 83.2b. yen (93% of PY) Amount of order received, 91% of PY Trend of Taking Orders (%) Unit price of orders 14% of PY Housing with zero-utility-costs LCC~Tiled wall specifications Expansion 2X6 Grand To You 2.Refurbishing business Amount of order received 17% of PY 2 FY24 FY25 Amount of Order Taking All Electrification 2 Photovoltaic generation systems Mounting Ratio Tiled Wall Ratio 4

3 Housing Company (2) Measures [1] to get additional orders from 2Q onward 1. Increase in probable customers The result of gathering potential customers during by 3 means (% of PY) Visitors=112% Introduction=116% Events=56% 1)Positive replacement with attractive model houses in exhibition 2)Launching of New Models New 3-storied Housing Domani Comfattic (August~) Rental apartment houses Designed to support child raising, The owner living together Holding the seminars on rental apartment houses 4 structures in ; 65 structures in SH 6 times in 2Q 3)More qualitative turn of sales, Attaching importance to the sales methods by inviting visitors to our model houses and by the personal introductions Further more education and training Putting in action the Introduction Campaign all over the country all at once.(in Second Half) 5 Housing Company (3) Measures [2] get additional orders from 2Q onward 2. Acceleration in making contracts 1)Differentiation by YURENAVI Diagnostic System on the Performance of individual houses Zero Utility Cost Simulation LCC Simulation Earthquake resistance Simulation Proposing to individual houses More Reliable Feeling Reinforcing staff in Eco Heim Promotion Dept persons in SH With our developed system, we diagnose the assumed seismic intensity on the foundation of individual houses. + With our performance & quality control technology specific to the Unit Construction Method, we diagnose the shaking on each of the newly built houses Popularization of YURENAVI 2)Positive enforcement of Plant Tour where our Unit Construction System may attract the attention of visitors. 6 tours are planned in 2Q 3)Positive use of spot commercials on TV Strengthening the cost management capability Promoting the Cost-down Committee in cooperation with Sekisui House 6

4 Urban Infrastructure & Environmental Products Company 1. Core Business Maintaining the selling price of PVC pipe Penetrating the price increase of rain gutters 2.Stable-profitability business Business in public sector decreased from previous year 3.Growth Business Full-scale expansion of the piping restoration business overseas 4.China business Full-scale startup of the highperformance piping system for water supply Growth Core Business Stable Profitability Strategic Investment TOTAL Divisions Environ. & Civil Eng. System Water supply & drainage sys. Building materials Plant materials FFU Reinforced plastic pipe Roofing materials Aqua system Home Techno Toto Sekisui New businesses etc. of FY Change from PY High Performance Plastics Company Selection and Expansion of the businesses based on the Business Portfolio 1. Satisfactory progress in automotive materials field 2. The signs of recovery in IT materials field 3. The influence of high raw materials price is Trend of per product group within the range of our assumption Trend of in 4 main fields of FY of FY Functional building materials 3 Atutomotive materials Medicals Electronics materials of FY of FY25 Others Group Ⅳ Group Ⅲ Group Ⅱ Group Ⅰ Films Precision industry Life Tech Packaging tape Functional materials Sign system Adhesives Fine chemical Chemical specialties Industrial tape Medicals Interlayer film 8

5 The Development of Overseas Business in the coming years 1.The China Business Vision CHINA5 -We provide the users in China with first-class products on our Prominent technology and also contribute to the development of the industry.- Important fields Water environment infrastructure, Automotive related materials, Medical and IT Business Target for FY21 5 b. yen 1 b.yen 2.Overseas Development of Interlayer Film Business Newly establishing in Europe a plant producing raw material resin Promotion of the production close to the place of demand 3.Overseas Development of the piping restoration business Accelerating the business development in U.S.A. and Korea 4.M&A etc. 9

6 Details of Business Activities for of FY25 Naofumi Negishi Managing Director and General Manager Corporate Finance, Accounting & Planning Department Business Activities for of FY25 Number of Consolidated Companies Consolidated Companies Companies in Equity Method End June End March Remarks +11 Newly consolidated, +1 Separated Excluded Amount influenced by the change of consolidated companies Operating + +1 Sekisui Fuller +11 Sekisui S-lec (Suzhou) +4 12

7 Business Activities for of FY25 Summary of & Loss Gross Gross Margin Selling, Gen. & Admin. Expenses Operating Investment /Loss under equity method Other non -ope. /Loss Recurring Gain on change in equity Impaired fixed assets Other extraordinary expense before tax Corporate income tax etc. Net of FY % of FY24 1, % Changes % The Influence on the business results for 1st Quarter of FY 25 by our partial sale of Sekisui House shares /Loss on investment under Equity Method Other non-operating /Loss Recurring Gain on change in equity before tax Corporate income tax etc. Net Amount influenced 143mil.yen : (Sekisui House s net income in of - 5) X 2% mil. shares Tax etc. on the income from selling the shares 51 Remarks Dividend received in X 142 mil. shares 14

8 Total Company: & Operating Total Company of FY25 1, of FY24 1,779 FH of FY25 Plan 4,45 19 FH of FY24 ( 億円 ) 4, (1Mil. yen) 5 Analysis on Operating (with P.Y.) Total S al e s Fixed Cost CR, Raw Amount 4 Materials etc. -2 of FY25 of FY24 15 & Operating per Company Housing Housing Business Living Environment Business (Fami S included) Total 3 (1Mil. yen) 2 1 of FY (118) (-5) Analysis on Operating (with P.Y.) 27 of FY (16) 85 Increased of Living Environment (-5) -29 Housing FH of FY25 Plan 1, (283) 2,3 Living Environment 4 (3) 11 FH of FY24 1, (244) 2, () Total Increase in Fixed Cost CR,Components etc. of FY25 of FY24 16

9 & Operating per Company U.I.E.P. of FY of FY FH of FY25 Plan 1, 25 (1Mil. yen) FH of ( 億円 FY24 ) (1Mil. yen) Analysis on Operating (with P.Y.) 11 Total S al e s Amount Fixed Cost CR, Raw Materials 5 of FY25 of FY & Operating per Company HPP of FY of FY FH of FY25 Plan 1,5 75 (1Mil. yen) FH of FY (1Mil. yen) Analysis on Operating (with P.Y.) 1 Total S al e s Amount Fore x Fixe d Cost CR, Raw Materials 5 of FY25 of FY24 18

10 Business Activities for of FY25 Balance Sheet (Assets) Cash & Deposit Account Receivable on Inventories Other Current Assets Tangible Fixed Assets Intangible Fixed Assets Investment in securities Investment and other assets Assets Total End of Jun , , , ,417 End of Mar. 25 (1 Mil.yen) 312 1, , , ,488 Changes including: Housings in progress +41 Land for sale +21 including: Impaired amount 19 Selling of Sekisui House shares -324 Revaluation at the market price as of end June +99 Deferred tax asset Business Activities for of FY25 Balance Sheet (Liabilities & Capital) No-interest Bearing Liabilities Interest Bearing Liabilities Liability Total Small-shareholders portion Capital etc. Earned Surplus Difference on revaluation of securities Other capital accounts Capital Total Total of Liability & Capital End of Jun. 25 3,2 1,197 4, , ,18 7,417 End of Mar. 25 3,114 1,195 4, , ,12 7,488 (1 Mil.yen) Changes Net income 37, Dividend 27 Influence of the exclusion of Sekisui House from Equity Method companies +69 Revaluation at market price as of end June +99x6% etc. Treasury stocks -4 (Purchase & Sale -53, Others +13) 2

11 Business Activities for of FY25 Consolidated Cash Flow Cash Flow from Activities Cash Flow from Investment Activities Cash Flow from Financial Activities Increment in Cash & Cash Equivalent Term -end Balance of Cash & Cash Equivalent Free Cash Flow = Activity CF+Investment Activity CF - Dividend paid (1 Mil.yen) of FY25 of FY Profit Plan for FH25 FH FY25 Plan FH FY24 (1 Mil.yen) Changes 4,45 4, Operating Recurring Net

12 Some of the displayed data such as prospects, plans and forecasts, that are not past results, have been worked out on the inference of our management with reference to currently available information. Therefore, please keep it in mind that the actual results of our business could become largely different from our plans and forecasts etc. depending on changes in various material factors.

13 1. Main data in Housing business Housing Company Results and Plan FY25 FY24 CONSOL OTHERS (in 1 Million yen) Housing Houses Land Living environment Detached houses Apartment 2. Main data Refurbishing Interior-Exterior Real estate 1. Number of houses sold (unit) Heim Two-U Price < subsidiaries: Detached Ho.>/unit (Mil.yen) Price < subsidiaries: Detached Ho.>/Tsubo(3.3 m 2 ) (1thou yen) Floor space (m 2 ) Exhibition places (Unit: Structure) staff (No. of person) Replacement ratio(%) Introduction sales ratio(%) ,26 2,65 1, , FH Plan 2,3 1,884 1, ,3 6,2 4,65 1,55 2, , ,13 2,54 1, , FH 2,18 1,741 1, ,6 6,2 4,54 1,66 1, , SH 2,184 1,786 1, ,6 6,9 4,57 1,52 2, , Housing order intake FY25 FY24 (Millions of Yen) FY23 Backlogs at beginning Growth rate New orders Growth rate of houses Growth rate Balance at the end Growth rate 3. Housing starts Housing starts by our company Detached house sales by our co. (=B) Our share in Detached houses (=B/A) 169,9 5% 83,247-7% 86,247 1% 166,9-4% Privately-owned houses (included in above) (=A) Totally electrified model FH Plan ,6 5% 213, 9% 167,5 % 161,9 9% 89,261 7% 78,139 19% 173, 4% 35, 98, 3,26 2,65 2.7% FY25 53% 53% 83% FH ,333 3% 195,733 4% 167,5 7% FH Plan 617,, 8,3 6,2 3.1% FH Plan 6% 58% 9% SH 167,5 7% 25,37 3%,637 5% 169,9 5% 32, 11, 3,13 2,54 2.5% *"The housing starts" in of FY25 and the above "Detached house sales" are based on a prospect. 4. Order intake of houses with additional specifications Photovoltaic generation systems installed Special walling tiles (Heim type JX) FY25 48% 42% 77% FH 148,5-2% 196,118 8% 188,18 1% 156,6 6% FY24 FH 618, 26, 8,6 6,2 3.% FY24 FH 51% 44% 78% SH 156,6 6% 198,692 6% 193,392 4% 161,9 9% (in unit) SH 575, 161, 8,6 6,9 3.8% SH 53% 47% 83%