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Wedge Holdings Company LimitedBusiness Presentation
March 2014
7 March 2014
www.wedge-hd.com
ContentsPart 1 1st Quarter Financial Results
-Consolidated Operating Results(P/L)-Consolidated Financial Position(B/S)-Segment Results
Part 2 Finance Business-Finance Business (GL Thailand)-Rapid leasing growth from business expansion-Allowance for Bad Debt Standards in Thailand and Japan-Thailand’s GDP Growth Rate-Transition of Motorcycle Sales (Units) in Thailand-Conditions of Bangkok Demonstration-Conditions of Demonstration (Central Bangkok)-Conditions of Demonstration (Outskirts of Bangkok)1:Controlled Growth-Controlled Growth of Sales-Controlled Increased Amount of Allowance for Bad Debts-Controlled Increment Rate of Allowance for Bad Debt
2
Contents
Part 2 Finance Business-Finance Business (GLF Cambodia)2: International Expansion – Cambodia・Transition of Motorcycle POS・Monthly Transition of Number of New Contracts3: Offering of new services – Agricultural machine lease・Cooperation with SIAM KUBOTA ・Initiated Establishment of Agricultural Machine Lease POS・Established Agricultural Machine Lease POS・Photos of KUBOTA FAMILY DAY held at Kampong Thom Province
Part 3 Entertainment Business・Implementation of 3 Measures・Transition of Business Results of Entertainment Business
3
4
1st Quarter Financial Results
5
Consolidated Business Results(P/L)
(units:1000JPY)
Q1Sept 2013
Q12014 Sept
YOY
Sales 988,874 1,383,049 139.9%
Operating Income 221,111 -102,082 -46.2%
Ordinary income 227,929 -50,124 -22.0%
Current Net Income 48,354 -56,802 -117.5%
6
Consolidated Financial Position(B/S)(units:1000JPY)
Consolidated B/S Sept 2013 Q1 Sept 2013 Ratio
Current Assets 15,330,482 16,506,957 107.7%
Fixed Assets 3,865,298 4,048,271 104.7%
(Breakdown)Investments and other
assets2,750,090 2,872,795 104.5%
Total Assets 19,195,780 20,555,228 107.1%
Current Liabilities 5,379,742 6,341,267 117.9%
Fixed Liabilities 4,078,836 4,263,606 104.5%
Total Liabilities 9,458,578 10,604,873 112.1%
Shareholders' Total Equity
5,259,714 5,202,911 98.9%
Total Net Assets 9,737,202 9,950,354 102.2%
Current Ratio 285.0% 260.3%Fixed Ratio 73.5% 77.8%Equity Ratio 27.4% 25.3%D/E Ratio 170.4% 194.7%
7
Segment Results(units:1000JPY)
※Merchandizing Business has been transferred in the previous consolidated financial year and therefore is excluded
Segment Q1Sept 2013
Q1Sept 2014 YOY
Sales 733,099 1,231,737 168.02%Segment Profit 259,675 ▲ 6,902 -2.66%
Sales 145,355 150,934 103.84%Segment Profit 21,167 45,070 212.93%
Finance Business
Entertainment Business
88
Main Topics
9
Rapid leasing growth from business expansion45% annual growth of total loan (portfolio)
of Finance business.
31 Dec 2012
3,097 million baht(Approx 9.9 billion JPY)
31 Dec 2013
4,509 million baht(Approx14.4 billion JPY)
※30 DEC 2013 Yen-denominated exchange rate.For convenience, calculation is of 3.21 yen per 1 Baht
10
Allowance for Bad Debt Standards in Thailand and Japan
Difference in allowance standards between Thailand and Japan is 119 million bahtAdditional 381 million yen is calculated
Japanese Standard Allowance for Bad Debt
509milion Baht
Thai Standard Allowance for Bad
Debt390million Baht
11
Finance Business
GL continues the following 3 measures:1. Controlled growth (emphasizing on
quality of credit rather than sales growth)
2. International expansion - Cambodia
3.Offering of new services – Agricultural machine lease
12
Finance Business(Thailand)
タイGDP成長率
-15
-10
-5
0
5
10
15
20
25
2011Q1 2011Q2 2011Q3 2011Q4 2012Q1 2012Q2 2012Q3 2012Q4 2013Q1 2013Q2 2013Q3 2013Q4
Thailand’s GDP Growth Rate
13
Transition of Motorcycle Sales (Units)
2013 Total 2012 Total Fluctuation
2,004,498 2,130,067 -5.9%
14
Conditions of Bangkok Demonstration
Date Case Development
4 Jan 2014Announcements were made for a massive protest and gatherings to take place after 13 Jan
6 Jan 2014
Announcements were made for 7 locations in Bangkok including Asoke Intersection, Ratchaprasong Intersection and Victory Monument to be the bases for protesting
13 Jan 2014
Large-scaled protestation took place at the Government Complex, Victory Monument, Lat Phrao Intersection, Asoke Intersection, Ratchaprasong Intersection, Pathumwan Intersection and Lumphini Park
14 Jan 2014An explosion occured near the leader's residance of the People's Party (Sukhumvit Road Soi 31)
17 Jan 2014A hand grenande exploded at Banthat Thong Street (near BTS National Stadium)
21 Jan 2014 Thai Government declared a state of emergency in Bangkok
18 Feb 2014Conflicts involving casualities occurred at Phanfa Bridge (near the Democracy Monument)
23 Feb 2014An explosion involving casualties occurred at Ratchaprasong Intersection
15
Conditions of Demonstration (Central Bangkok)
Democracy Monument
Victory Monument
Lumphini Park
Asoke Intersection
Pathumwan Intersection
Rachaprasong Intersection
16
Conditions of Demonstration (Outskirts of Bangkok)
Government Complex
Lat Phrao Intersection
17
1: Controlled GrowthDue to the recent decline of new contracts, we will plan to improve the quality of credits to decrease bad debts in order to correspond to Thailand’s economic slowdown and to increase profits in the future.
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2011
2012
2013
2014
18
Controlled Growth of Sales
Continued expansion of sales of Finance business along with expansion of portfolio
Group Lease PCL.売上高の四半期推移(単位:千バーツ)
-
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
09Q1 09Q2 09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2 11Q3 11Q4 12Q1 12Q2 12Q3 12Q4 13Q1 13Q2 13Q3 13Q4
Revenue
Group Lease PCL. Quarterly Transition of Sales (Unit: 1000 baht)
Main reasons for increased allowance for bad debts・Continued portfolio expansion from previous year・Low level of allowance in the previous year as reserves temporarily increased due to floods
・Shifted to a conservative allowance for bad debt criterion implemented during the end of 2012
19
Controlled Increased Amount of Allowance for Bad Debts
1,000 baht
Group Lease PCL.貸倒引当金の四半期推移(単位:千バーツ)
-
20,000
40,000
60,000
80,000
100,000
120,000
09Q1 09Q2 09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2 11Q3 11Q4 12Q1 12Q2 12Q3 12Q4 13Q1 13Q2 13Q3 13Q4
Group Lease PCL. Quarterly Transition of Allowance for Bad Debt
20
Controlled Increment Rate of Allowance for Bad Debt
Group Lease PCL.貸倒引当金の四半期増加率推移
-0.8
-0.6
-0.4
-0.2
0
0.2
0.4
0.6
0.8
1
1.2
09Q1 09Q2 09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2 11Q3 11Q4 12Q1 12Q2 12Q3 12Q4 13Q1 13Q2 13Q3 13Q4
-5.4
-1.4
2.6
6.6
Group Lease PCL. Transition of Quarterly Increment of Allowance for Bad Debt
Main reasons for increased allowance for bad debts・Continued portfolio expansion from previous year・Low level of allowance in the previous year as reserves temporarily increased due to floods
・Shifted to a conservative allowance for bad debt criterion implemented during the end of 2012
21
2: Finance Business (GLF Cambodia)Transition of Motorcycle POS
0
5
10
15
20
25
30
35
40
45
50
8-12 9-12 10-12 11-12 12-12 1-13 2-13 3-13 4-13 5-13 6-13 7-13 8-13 9-13 10-13 11-13 12-13 1-14 2-14
22
Finance Business(GLF Cambodia)Monthly Transition of Number of New Contracts
カンボジア新規契約者数推移
0
100
200
300
400
500
600
700
800
900
1000
Jan
Feb
Mar Ap
rMay Ju
nJu
lAu
gSe
pOc
tNo
vDe
c
2012
2013
2014
Transition of Number of New Contracts in Cambodia
23
Finance Business (GLF Cambodia)
Cooperation with SIAM KUBOTA to initiate agricultural machine lease
24
Finance Business (GLF Cambodia)Initiated Establishment of Agricultural Machine
Lease POS
25
Finance Business (GLF Cambodia) Established POS of Agricultural Machine Lease
26
Finance Business (GLF Cambodia)
Photos of KUBOTA FAMILY DAY held at Kampong Thom Province
27
Finance Business (GLF Cambodia)
2828
Entertainment Business
29
Entertaintment Business
Continued uphill battle due to withdrawals of existing clients from the publishing business this term.
The entertainment business will implement the following preparations
1. Acquisition of new clients & contents and relate closely with existing clients
2. Equip a “Free-environment” that promotes Pioneer Spirit
3. Multilingual development throughout Asia
30
Transition of Business Results of Entertainment Business
31
Transition of Business Results of Entertainment Business
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
11Q111Q211Q311Q412Q112Q212Q312Q413Q113Q213Q313Q414Q1
Entertainment Business: Quarterly Transition of Sales
SegmentProfits
32
Transition of Business Results of Entertainment Business
33
Transition of Business Results of Entertainment Business
34 34
Contact details for IR-related inquiriesWedge Holdings CO., LTD. Management
Administration DepartmentTEL: 03-6225-2161 / FAX: 03-3548-
http://www.wedge-hd.com
※*These materials include statements concerning the future, but these statements are not a guarantee of future results. Furthermore, the contents of these materials has not been audited and neither its
accuracy nor certainty is guaranteed.
Thank you!