fy2016 first quarter financial results - world ......2015 1q 2016 1q 医薬・バイオ 化学...
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0Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved
May 9, 2016 (Mon.)WORLD HOLDINGS CO., LTD.
Second Section of Tokyo Stock Exchange (2429)
FY2016 First Quarter Financial Results
1Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved
Real estate business
Information and telecommunications business
Human resources and education business
Intensive Measures in 2016 and Their Progress
Enhancement of recruitment capability
Improving retention rate of employees
Job creation
External cooperation
Development-related
Renovation-related
New business
Growth strategy based on M&A
Development of a network of excellent stores
Expansion of the population of applicants ⇒ Joint briefing session involving all divisions
Enrichment of educational systems ⇒ Production of training programs for career improvement
Expansion of the business field ⇒ Diversification of employment channels in new fields
Promotion of collaborative business ⇒ Practical activities based on the alliance with the human resources department
Implementation of business plans for newly built apartments, and allocation of residential and business lots with appropriate scales Performance is better than the forecast, thanks to the busy season
(January to March) and favorable procurement.
Decrease of unprofitable stores, and development of highly hospitable personnel
New business is being assessed.
M&A projects are being discussed in detail.
2Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved
Ⅰ. Summary of FY2016 First Quarter Financial Results
Ⅱ. FY2016 Business Forecasts
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Ⅰ. Summary of FY2016 First Quarter Financial Results
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*Announced on February 3, 2016
Sales, operating income, ordinary income, and net income all progressed as planned. Especially, profits have been healthy, with their progress rates toward the full-year forecast
exceeding 25%. Performance declined year on year, mainly because the sale of large-scale real estate in the real
estate business was concentrated in 1Q of the previous term, but progress rates toward the full-year forecast are as planned.
First Quarter Summary
Unit: Million yen, %
YOY
Change Pct. Change
Net sales 31,212 22,726 -8,486 -27.2 100,111 22.7
Operating income 2,819 1,662 -1,157 -41.0 6,275 26.5
Ordinary income 2,803 1,637 -1,165 -41.6 6,153 26.6Net income attributable toowners of parent 1,895 1,015 -880 -46.5 3,814 26.6
FY2015/1Qactual
FY2016/1Qactual
Full-yearforecast*
Ratio to full-year forecast
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*Announced on February 3, 2016
Change Pct. change
Net sales 6,649 6,825 176 3 32,571 21.0Segment income 490 476 -13 -3 2,316 20.6
Profit margin 7.4% 7.0% - - 7.1% -
Net sales 2,290 2,462 171 8 10,699 23.0Segment income 271 311 40 15 952 32.7
Profit margin 11.8% 12.7% - - 8.9% -
Net sales 1,151 1,248 97 8 5,650 22.1Segment income 188 105 -83 -44 565 18.6
Profit margin 16.4% 8.4% - - 10.0% -
Net sales 823 1,255 432 53 5,525 22.7Segment income 39 62 23 59 296 20.9
Profit margin 4.8% 5.0% - - 5.4% -
Net sales 111 131 19 18 547 23.9Segment income 3 5 1 30 26 19.2
Profit margin 3.6% 3.9% - - 4.8% -
Net sales 16,864 8,719 -8,145 -48 37,092 23.5Segment income 2,215 979 -1,235 -56 3,921 25.0
Profit margin 13.1% 11.2% - - 10.6% -
Net sales 3,320 2,082 -1,238 -37 8,056 25.8Segment income △35 47 82 - 200 23.5
Profit margin - 2.3% - - 2.5% -
Net sales 31,212 22,726 -8,486 -27 100,111 22.7Elimination or corporate △353 -325 28 - △2,003 -Operating income 2,819 1,662 -1,157 -41 6,275 26.5
Operating margin 9.0% 7.3% - - 6.3% -
Human Resourcesand Education
Business
Real Estate Business
Information andTelecommunications
Business
Total
Sales & MarketingBusiness
Information andTelecommunications
Business
Real Estate Business
O thers
Technology Business
R&D Business
Rario to full-year forecast
Factory Business
YoYFY2015/1Qactual
FY2016/1Q actual
Full-yearforecast for4Q of fiscal
2016*
Sales grew in the human resources and education business. The performance of the real estate business declined by the amount that corresponded to the sale of large-scale
real estate (land sale in lots) in the previous term. Progress rates toward the full-year forecast are as planned, catching up with business trends by each segment.
Sales by Business Segment
Unit: Million yen, %
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Human Resources and Education Business
昨年度 予算 今年度
ファクトリー事業
昨年度 予算 今年度
テクノ事業
昨年度 予算 今年度
R&D事業
昨年度 予算 今年度
セールス&マーケティング事業
昨年度 予算 今年度 昨年度 予算 今年度 昨年度 予算 今年度昨年度 予算 今年度
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
The budgets have been allocated as planned among the major human resources business segments. Especially, segment income steadily increased by 30%.
Sales and segment income improved steadily.
Segment income significantly improved after cost improvement.
Performance progressed steadily considering budget, despite
increase in investment on human resources for further expansion.
Significantly expanded thanks to acquiring more clients and
cooperation among segments.
*Upper panel: sales Lower panel: segment income
Factory Business Technology Business R&D Business Sales & Marketing Business
FY 2015
Budget FY 2016
FY 2015
Budget FY 2016
FY 2015
Budget FY 2016
FY 2015
Budget FY 2016
FY 2015
Budget FY 2016
FY 2015
Budget FY 2016 FY
2015Budget FY
2016FY
2015Budget FY
2016
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Real Estate and Information and Telecommunications Businesses
昨年度 予算 今年度
不動産ビジネス
昨年度 予算 今年度
昨年度 予算 今年度
情報通信ビジネス
昨年度 予算 今年度
1Q 2Q 3Q 4Q
Transfer is mainly conducted in the second half in this term.
Operating income recovered due to business investment in the previous
year.
Our budget indicates that the transfer of real estate would be conducted mainly in the second half, but the performance of the real estate has been healthy as a whole. As for the information and telecommunications business, profit is recovering steadily due to business investment in the previous year.
*Upper panel: sales Lower panel: segment income
Real Estate Business Information and Telecommunications Business
FY 2015 Budget FY 2016
FY 2015 Budget FY 2016
FY 2015 Budget FY 2016
Budget FY 2016FY
2015
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Factory Business
<Sales composition by business segment and the number of staff>
The semiconductor section shows favorable performance, as the number of smartphone-related orders is healthy.
The distribution section shows sales growth, as large-scale orders have been placed.
(Million yen)
+77.5%
+72.0%
- 3.9%
- 44.8%
- 55.3%
+26.9%
- 11.2%
YoY(Based on monetary amount)
6,649
Sales composition by business segment (%)
5,736 6,288
662715
1,5091,072
0
2,000
4,000
6,000
8,000
10,000
2015 1Q 2016 1QAverage other companies/acceptanceSegment change adjustmentNumber of staff
(Persons)
*The number of staff is a three-month average, external staff members accepted from other companies are included.*Number of staff included only staff members who are engaged in on-site operation work.
7,907
Variation in the number of staff (3-month average)
8,075
Up 2.7%
0
200
400
600
800
2015 1Q 2016 1Q
Operating income
(Million yen)
490
6,825
476
23.2% 21.7%
14.4%24.0%
9.0%4.9%8.5%14.6%14.0%6.1%5.4%6.7%
25.5% 22.0%
0
2,000
4,000
6,000
8,000
2015 1Q 2016 1Q電気・電子 物流 自動車
半導体 機械 環境エネルギー
その他
Electric & Electronics
Semiconductors
Others
Logistics
Machinery
AutomobilesEnvironment & Energy
Down 2.8%
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Technology Business
0
100
200
300
400
2015 1Q 2016 1Q
Performance has been healthy, mainly in the fields of automobiles, semiconductors, software development, and construction, where it is necessary to hire dispatched workers.
The number of engineers in design and development has increased in the fields of automobiles, semiconductors, and software.
The number of factory engineers has increased greatly mainly in the field of smartphone-related semiconductors.
<Sales composition by business segment and the number of staff>
694 743
658696
217 224
0
500
1,000
1,500
2,000
2015 1Q 2016 1QSegment change adjustmentDesign developmentProduction technology
43.1% 45.2%
16.1%16.4%
5.0%4.8%5.6%5.6%
30.2%28.0%
0
1,000
2,000
3,000
2015 1Q 2016 1Q半導体 情報通信サービス
機械 自動車
その他
2,2902,462
(Million yen)
+7.7%
+9.0%
+12.7%
+4.0%
YoY(Based on monetary amount)
Sales composition by business segment (%)
(Persons)
Variation in the number of staff (3-month average)
1,5691,663
Up 7.5%
Operating income
(Million yen)
271- 0.2%
311
Semiconductors
Machinery
Others
Information and telecommunications business
*The number of staff is a three-month average.*Number of staff included only staff members who are engaged in on-site operation work.
Up 15.0%
Automobiles
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R&D Business
The R&D business has grown steadily, as pharmaceutical companies and generic drug makers with favorable performance invested in research.
The PV (pharmacovigilance) business has grown significantly, by increasing new clients through the cooperation with existing CRO enterprises.
<Sales composition by business segment and the number of staff>
Sales composition by business segment (%)
33.6% 29.9%
40.9%47.7%
25.5%22.4%
0
500
1,000
1,500
2015 1Q 2016 1Q
医薬・バイオ 化学 臨床
1,1511,248
(Million yen)
- 4.7%
YoY(Based on monetary amount)
597702
69
77
0
200
400
600
800
1,000
2015 1Q 2016 1Q
R&D在籍 DOT在籍
(Persons)
Variation in the number of staff (3-month average)
666
*PV=Abbreviation of PharmacovigilanceTo appropriately and swiftly collect and analyze safety information, such as the side effects of pharmaceutical products.
779
0
100
200
2015 1Q 2016 1Q
Operating income
(Million yen)
188Up 8.4%
+26.5%
- 11.0%
105
Pharmaceutical/biotechnology
Chemical Clinical R&D staff DOT staff
*The number of staff is a three-month average. Number of staff included only staff members who are engaged in on-site operation work.
Down 44.3%
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63.1%
40.0%
36.9%
60.0%
0
500
1,000
1,500
2015 1Q 2016 1Q
CB OCS
823
1,255
Sales & Marketing Business
<Sales composition by business segment and the number of staff>
CB: Sales grew, because of the increase of direct transactions with department stores and the conclusion of large-scale contracts with mass retailers.
OCS: The number of light-duty workers increased considerably, through the enhancement of cooperation with the distribution section of the factory business.
Sales composition by business segment (%)
0
20
40
60
80
2015 1Q 2016 1Q
Operating income
(Million yen)
39
Up 59.0%
(Million yen)
+ 71.9%
+ 50.9%
YoY(Based on monetary amount)
Up 52.5%
6881,029
560
997
0
500
1,000
1,500
2,000
2,500
2015 1Q 2016 1Q
CB OCS
1,248
2,026
Variation in the number of staff (3-month average)
62
*The number of staff is a three-month average.*Number of staff included only staff members who are engaged in on-site operation work.
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Real Estate Business
<Sales composition by business segment and the number of units supplied and to be transferred>
Development-related: Apartments and land lots for residential and business uses have been sold healthily.
Renovation-related: Sales have grown steadily, exceeding the estimated value, thanks to the busy season (January to March).
Prefabricated houses-related: We concentrated on the improvement of the business base.
87.2%
72.3%
23.3%
0
5,000
10,000
15,000
20,000
2015 1Q 2016 1QPrefabricated houses-relatedRenovation-relatedDevelopment-related
12.8%
4.4%
(Million yen)
Sales composition by business segment (%)
-6.2 %
- 57.1 %
YoY(Based on monetary amount)
*The prefabricated house business was established in 4Q of 2015, as Omachi World Co., Ltd. became a subsidiary.
16,864
8,719
0
1,000
2,000
3,000
2015 1Q 2016 1Q
Operating income
(Million yen)
2,215
979
33
173 175.9
0
100
200
300
400
500
600
2015 1Q 2016 1Q 2015 1Q 2016 1Q
新築分譲 戸建て リノベーション
Number of supplied and untransferred properties
(No. of properties)Supplied properties
(total)
Untransferredproperties
70
307.9
222
*The supplied properties were included at the time when their sale began. The untransferred properties include the already-contracted ones. For JV projects, proportionally distributed number was used.
205
233132
105.1
60
Down 55.8%
Down 48.3%
327.1
Sale of newly built houses Renovation
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Information and Telecommunications Business
<Variations in sales and the number of stores>
The investment phase ended, and this business moved into the black in the 1st quarter. Stores were relocated to convenient places, new stores were opened, and highly hospitable
personnel were cultivated for developing a network of excellent stores.
Sales for each target
(50)
0
50
100
2015 1Q 2016 1Q
Operating income
-35
(Million yen)
91.8%
88.1%
8.2%
11.9%
0
1,000
2,000
3,000
4,000
2015 1Q 2016 1Q
個人 法人
3,320
2,082
(Million yen)
-8.5%
YoY(Based on monetary amount)Down
37.3%
《Enriched product lineup》
47
-39.9%
Individual Corporation
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Real estate for sale in process increased.
11,897 12,15411,519 12,347
32,913 35,422
0
20,000
40,000
60,000
80,000
2015/12末 2016/12 1Q末
純資産 固定負債 流動負債
5,927 6,548
50,402 53,375
0
20,000
40,000
60,000
80,000
2015/12末 2016/12 1Q末
固定資産 流動資産
Current assets
Current liabilities
53,375(+2,972)
35,422(+2,508)
Total liabilities/net assets Increase in short-term debt* 3,655 million yen(Million yen)
(Million yen) Total assets
56,329 59,923
56,329 59,923
Net assets 12,154(+256)
Increase in retained earnings 251 million yen
Financial Condition B/S
Increase of real estate for sale in process 4,499 million yen
*Fund for the purchase of real estate for sale
End of FY2015 End of FY2016 1QFixed assets Current assets
End of FY2015 End of FY2016 1QNet assets Fixed liabilities Current liabilities
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II. FY2016 Business Forecasts
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Summary of FY2016 Business Forecast
Change from forecast
Unit: million y en, %Change Pct. change
Net sales 87,984 100,111 12,127 13.8
Operating income 5,137 6,275 1,138 22.2
Ordinary income 5,133 6,153 1,019 19.9Net income attributable to
owners of parent 3,810 3,814 3 0.1
EPS (y en) 228.05 228.27 0.2 0.1
Dividend per share (y en) 45.7 68.5 22.8 49.9
FY2015 actualFY2016forecast*
Sales and profits are all estimated to make a record high. The reason why current net income decreased in comparison to ordinary income is that preferential tax treatment
ended.
*Announced on February 3, 2016.
17Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved
Business Forecast by Segment
Change Pct. change
Net sales 26,910 32,571 5,661 21.0
Segment income 1,801 2,316 515 28.6
Profit margin 6.7% 7.1% - -
Net sales 9,547 10,699 1,152 12.1
Segment income 989 952 -36 -3.7Profit margin 10.4% 8.9% - -
Net sales 4,755 5,650 894 18.8Segment income 518 565 47 9.1
Profit margin 10.9% 10.0% - -
Net sales 3,972 5,525 1,552 39.1Segment income 218 296 77 35.5
Profit margin 5.5% 5.4% - -
Net sales 491 547 56 11.4Segment income 15 26 10 70.3
Profit margin 3.2% 4.8% - -
Net sales 31,785 37,092 5,307 16.7Segment income 3,061 3,921 860 28.1
Profit margin 9.6% 10.6% - -
Net sales 10,522 8,056 -2,466 -23.4Segment income 4 200 195 4,054.5
Profit margin 0.0% 2.5% - -
Net sales 87,984 100,111 12,127 13.8Elimination or corporate -1,472 -2,003 - -
Operating income 5,137 6,275 1,138 22.2Operating margin 5.8% 6.3% - -
FY2016 forecast* Change from forecast
HumanResources
andEducationBusiness
Real EstateBusiness
FY2015 actual
R&D Business
Information andTelecommunications
Business
Total
Sales & MarketingBusiness
Information andTelecommunications
Business
Real Estate Business
Others
Factory Business
Technology Business
Unit: Million yen, %
*Announced on February 3, 2016.
Although it was reported that some manufacturers would reduce output, our business base is stable because of the risk hedge through the coverage of various industries and the trusting relationships with clients as a top company. Accordingly, we think
that our business performance will not be significantly affected.
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Shareholder Returns
From fiscal 2016, we aim to achieve a payout ratio of 30%.
(Yen) Dividend per share
4.33 4.5 4.58.5 10.0
23.7
45.7
68.5
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016forecast
*The forecast and dividend estimated are based on the information that the Company has and a certain assumption that is considered reasonable. There is a possibility that the actual results may largely differ based on various factors.
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Regarding the Kumamoto Earthquake
We would like to express our heartfelt condolences to the victims of the earthquakes
that have been occurring intermittently around Kumamoto Prefecture since April 14,
2016. Immediately after the occurrence of the earthquake, we started giving support as
much as possible, while grasping the situation of damaged areas, in cooperation with
the business establishments, employees, and business partners of our corporate group.
After the Great East Japan Earthquake, we employed and supported victims. From this
experience, we think that we need to take various measures and actions, and give
support also in Kumamoto Prefecture.
We will continue our activities for supporting victims and restoring Kumamoto
Prefecture, while taking responsibility as an enterprise headquartered in Kyushu.
20Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved
Yukari Tsuda
Public Relations and Investor Relations Department
Corporate Planning Division
WORLD HOLDINGS CO., LTD.
TEL 03-3433-6005
E-MAIL irinfo@world-hd.co.jp
URL http://www.world-hd.co.jp/
No information in this presentation is provided for the purpose of soliciting purchases or sales of our stock. Furthermore, options, forecasts and other information not based on historical facts represent our judgments at the time this presentation was prepared. We do not guarantee the accuracy of this information and may revise this information at any time without prior notice. We and other providers of this information assume no responsibility whatsoever for any losses incurred in association with the information in this presentation.
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