2022-2024

Towards 100th anniversary - Creating new value in a new normal era

高千穂交易株式会社

TAKACHIHO KOHEKI CO.,LTD.

  • Summary of our business performance

  • Summary of our basic strategies

  • Results of our structural reforms

  • Our management issues and policy on making improvements

  • Overview of our new medium-term management plan

  • Management targets (FY2022-FY2024)

  • Business strategy

    • Initiatives for growth with an eye on tackling new business reforms

    • Basic strategies

    • Targets by segment

  • Capital policies

    • Improving capital profitability

    • Shareholder return policy

    • Procuring and allocating cash

Stage

Challenges for Creation

~To create new corporate value~

  • Self-realization on the part of employees

  • Inspiring customers

  • Developing business with a sustainable competitive advantage

Improving capital profitability

Attaining key performance indicators (KPIs) in our management plan

Commitment to shareholders

Period covered by our new medium-term management plan

Maximization of corporate value

1 We will commemorate the seventieth anniversary of our founding in fiscal year 2021.

2 A strategy through which we aim to provide added value and thereby create and reinforce relationships with satisfied customers.

Reviewing our previous medium-term management plan and sorting out the issues we face

Summary of our business performance

The numerical targets for the final year of the previous medium-term plan were revised downwards: sales from 26 billion JPY to 21.7 billion JPY and

ordinary income from 1.8 billion JPY to 1.1 billion JPY.

  • In the business of fire-protection systems in Thailand, plant construction has been at a standstill due to a slump in crude oil prices. In addition, group management has not been functioning properly, which

    Primary factors

    has led to a drop in profits.

  • Global business and office- and retail-related markets have been slowing down due to the spread of COVID-19.

  • There has been sluggishness in various new businesses, such as our EC business and our RFID business.

Due to a failure to meet our performance targets, the ROE failed to reach our initial forecast of 8%.

For shareholder returns, a consolidated dividend payout ratio of 40% or more (minimum dividend of 24 JPY) will be implemented.

Targetsforthefinalyear

Sales and ordinary income

Capital profitability

Net Sales

Revised: 21.7 billion JPY Pre-revision: 26.0 billion JPY

Ordinary income

Revised: 1.1 billion JPY Pre-revision: 1.8 billion JPYROE forecast: 8%

Shareholder returns

DividendAt least 40%payout ratio

Minimum dividend

24 JPY per year

ROE (%)

5.3%

4.0%

1.4%

2019年度

FY2019

2020年度

FY2020

2021年度

FY2021

(Forecast)

FY2019

FY2020

FY2021 (forecast)

Dividend per share

24 JPY

25 JPY

50 JPY*

Dividend payout ratio

112.1%

40.6%

57.8%

Current-term net income

191 million JPY

548 million JPY

770 million JPY

* Includes commemorative dividend of 15 JPY.

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Takachiho Koheki Co. Ltd. published this content on 19 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 April 2022 07:13:09 UTC.