Consolidated Financial Results for the First Half of the FY ending March 2020
(Six months ended September 30, 2019)
November 11, 2019
T-Gaia Corporation / TSE
If there is any discrepancy between the English version and the Japanese version, the Japanese version shall prevail.
Disclaimer
This material contains statements about the future performance of T-Gaia Corporation which are based on management's assumptions and beliefs taking information currently available into consideration.
Therefore, please be advised that T-Gaia's actual results could differ materially from those described in these forward looking statements as a result of numerous factors, including general economic conditions in T-Gaia's principal markets as well as other factors detailed from time to time.
Table of Contents
- Outline of the Consolidated Financial Results for the 1H of the | |||||
FY ending March 2020 | 4-8 | ||||
- Financial Results of the 1H of the FY ending March 2020 and | |||||
Strategies by the Business Segments | |||||
- Mobile Telecommunications Business Segment | 9-14 | ||||
- Enterprise Solution Business Segment | 15-28 | ||||
- Payment Service Business and Other Business Segment* | 29-34 | ||||
- | CSR Activities | 35-36 | |||
- | Appendixes | 37-50 | |||
*The translation of the name of the business segment has been revised for more clarity as below. Former translation: Settlement Service Business & Other Business
Revised translation: Payment Service Business & Other Business
Outline of the Consolidated
Financial Results
Summary of the Consolidated Financial Results | 5 | |
(unit: billion yen) | 1H | 1H | y/y | |
FY 19/3 | FY 20/3 | Change | ||
Forecasts of
20/3 Full-year
Achievement
Ratio
Net Sales
Gross Profit
(to Net Sales)
SG&A Expenses
Operating Profit
(to Net Sales)
Non-Operating Income*1
(Income from hoarded cards,
etc.)
Ordinary Profit
Net Profit
239.79 244.54 102.0%
33.26 34.19 102.8%
(13.9%) (14.3%) (+0.4p)
26.38 27.22 103.2%
6.87 6.96 101.3%
(2.9%) (2.4%) (▲0.5p)
3.33 3.42 102.7%
10.20 10.38 101.8%
6.88 6.99 101.6%
432.00
67.50
(15.6%)
54.40
13.10
(3.0%)
5.40
18.50
12.40
56.6%
50.7%
50.1%
53.2%
63.4%
56.2%
56.4%
Mobile-phone*2 | 1.949 | 1.896 | 97.3% |
Unit Sales (million units) | |||
Overall results as planned
for FY 20/3
*1 No change to full-year plan for the fiscal year ending March 31 2020, including non-operating profit
*2 From this fiscal year, UQ WIMAX has been included to the unit sales, and the unit sales for the 1Q of FY 19/3 has been revised. (1Q +2000 units, full year +7000 units).
Financial Results of the 1H by Business Segment | 6 | ||||||
Mobile Telecommunications | Enterprise Solution | PaymentService Business * [ ] = segment ratio | |||||
Business | Business | & Other Business |
Net Sales | (Billion Yen) | 244.5 | |||||
239.7 | |||||||
26.2 | |||||||
23.1 | [9.6%] | [10.7%] | |||||
14.0 | |||||||
13.0 | [5.4%] | [5.7%] |
203.6204.2
[85.0%][83.6%]
Net Profit | (Billion Yen) |
6.886.99
2.12
2.46 [30.4%]
1H FY 19/3 | 1H FY 20/3 |
Operating Profit | (Billion Yen) |
6.87 6.96
0.35[5.2%]1.23 [17.7%][35.8%]
0.71 [10.4%]
0.86[12.3%]
1.03[15.0%]
5.48 | 5.92 |
[85.1%] | |
[79.8%] | |
[▲2.8%] | ||||
▲0.19 | ||||
1H FY 19/3 | 1H FY 20/3 |
3.70 | 4.00 |
[57.3%] | |
[53.8%] | |
1H FY 19/3 | 1H FY 20/3 |
All have increased compared to the same time last year
Unit Sales of the 1H on Company-wide Basis | 7 | |
Unit Sales of Mobile Phones & Tablets
Unit Sales | (Thousand Units) |
1949 1896
1H FY 19/3 | 1H FY 20/3 |
* Including WiFi terminals and MVNO handsets
The drop in unit sales
compared to the same time last year
Market Trends
・October 2019: Revised Telecommunications Business Act are in put in force, resulting in each telecommunications carrier to announce new plans.
・Rakuten Mobile to enter into MNO business.
Consumer Trends
Wait-and-see attitude
During September: There was a last-minute demand before the launch of new plans and increase in consumption tax.
* The unit sales of FY 19/3 has been modified as UQ WIMAX has been included into the calculation. (7000 units are added.)
Mobile Telecommunications Business Segment
Enterprise Solution Business Segment
Payment Service Business and Other Business Segment
Mobile Telecommunications Business Segment
Financial Results of | 10 | |
Mobile Telecommunications Business Segment | ||
Financial Results Comparison | Unit Sales of Mobile Phones | ||||||
Net | Operating | Net Profit (Billion Yen) | (Thousand Units) | * Including WiFi terminals and MVNO handsets | |||
Sales | Profit |
18571780
203.6204.2
5.485.92
3.704.00
1H FY 19/3 | 1H FY 20/3 | 1H FY 19/3 | 1H FY 20/3 |
Though the unit sales decreased, due to the improved profitability per unit the operating profit and the net sales increased slightly compared to the same time last year.
Total Number of Retail Outlets of Mobile Phone and Others | 11 |
Change in Number of Retail Outlets
Number of Shops by Each Carrier
*( ) = Directly managed Carrier Shop
Carrier Shop | Multi-Carrier | Shop-in-shop & GMS | ||
Accessories Shop | Shop |
Docomo au SB YM UQ Rakuten
1,129(326)
1,107(333)
1,898 | 1,866 |
17 | 17 |
570 | 549 |
182 | 193 |
1,1291,107
17(17)
35(2)
347(40)
417(85)
281(173)
32(9)
24(22)
31(8)
45(3)
331(34)
391(93)
285(173)
End of September | End of September |
2018 | 2019 |
End of September
2018
End of September
2019
The number of directly managed carrier shops has increased
due to the transfer of the management contracts.
Examples of Investments in Shops - Part 1 | 12 | ||
Example of the shop | Installed designated area for | ||
re-location and refurbishment | smartphone instructional classes for customers |
Docomo Shop Kobe Harbor-land Umie
Examples of Investments in Shops - Part 2 | 13 | ||
Delivery of smartphone classes | Tailored classes commencing | ||
in local community facilities | |||
By Docomo Shop Onojo | By au Shop Tobo |
at Community Center for Elderly People
in City of Onojo
At Nagasakishi East Public Hall
Examples of Investments in Shops - Part 3 | 14 | ||
Newly Opened | Dual shop opened in September 14th |
Rakuten Mobile Sakura-machi Kumamoto /Smart Labo Sakura-machi Kumamoto
Enterprise Solution Business Segment
Financial Results of Enterprise Solution Business Segment | 16 | |||||||
Unit Sales of Mobile Phones | Financial Results Comparison | |||||||
(thousand units) | Net Sales | Operating | Net Profit | (Billion Yen) | ||||
Profit |
116 | 13.0 | 14.0 | ||||||||||
92 | 1.03 | 1.23 | ||||||||||
0.71 | 0.86 | |||||||||||
1H FY 19/3 | 1H FY 20/3 | 1H FY 19/3 | 1H FY 20/3 |
Operating profit and the net profit increased due to strong sales in solution
services and terminals for enterprise customers.
* Including WiFi terminals and MVNO handsets
The Strategies of Enterprise Solution Business Segment | 17 |
LCM Business Focusing on Mobile Phones and etc.
*LCM・・・Life Cycle Management
Update | Sourcing and | |
Proposal | ||
Supporting | ||
Maintenance | ||
Adaption | ||
Operation | Building an | |
Environment | ||
Before | Now |
Sales of Hardware
Giving supports
through the Life-Cycle
Strategies of Enterprise Solution Business Segment | 18 | |
LCM Business Focusing on Mobile Phones and etc. | ||
T-Gaia
・Terminal replacement ・Disposal of used handsets (Purchase)
Update
T-Gaia
・Smart devices
・Laptop PC with SIM ・TG Rental
Sourcing and (Terminal rental service)
Proposal
T-Gaia
Subsidiary | ||||
IT System | ||||
Maintenance | ||||
Development | ||||
Help desk service | ||||
Supporting | ・Kitting service |
・Enhancing security | |
Adaption | |
Partner | |
T-Gaia
Operation | Building an | |
Environment |
Mobile Security
Including iOS
Subsidiary
Communication Line
Management Service for
Corporate ClientsBuilding of
Wi-fi environment
The wide range of services and products from the stages of sourcing to replacement
are provided and strengthened by the subsidiaries and the partners.
*LCM・・・Life Cycle Management
Strategies of Enterprise Solution Business Segment | 19 | |
Strengths in IT System Development | ||
IT System
Development
Subsidized
Strengths in | Strengths in Sales |
IT System Development | |
×
・holds in-house system engineers
・has been developing systems for sales ・has its own IoT framework
Allows rapid development and
alteration of products
Strategies of Enterprise Solution Business Segment | 20 |
LCM Business Focusing on Mobile Phones and etc. | |
*LCM・・・Life Cycle Management |
PC Technology, Inc.
Number of Subscription of Help Desk Services | (thousand IDs) |
197
157
Maintenance
End of September | ||||||
End of September | ||||||
2018 | 2019 | |||||
It is planning to increase the | ||||||
number of helpdesk clerk in | ||||||
order to expand the capacity | ||||||
to accept expected demands. |
Strategies of Enterprise Solution Business Segment | 21 |
LCM Business Focusing on Mobile Phones and etc. | |
*LCM・・・Life Cycle Management |
The communication line management service
for corporate clients
Number of
movino star ID
(thousand ID) | 536 | 584 |
Operation
End of Sept 2018 | End of Sept 2019 |
Strategies of Enterprise Solution Business Segment | 22 |
ICT/IoT Enterprise Solutions |
Target Customers
Offices
LCM Business Focusing on Mobile Phones and etc.
Restaurants and
retail stores
By offering solutions to aid
the issue on human resource shortage.
Strategies of Enterprise Solution Business Segment | 23 | |
ICT/IoT Enterprise Solutions | ||
IT System
Development
Developing new services
together with its
subsidiaries, investees and
outside partners.
Strategies of Enterprise Solution Business Segment | 24 | |
ICT/IoT Enterprise Solutions | ||
Apps and services to aid on the issue of human resource
shortage in restaurants and retail stores
Subsidiaries
and
investees
Outside partners
Strategies of Enterprise Solution Business Segment | 25 | |
ICT/IoT Enterprise Solutions | ||
POS/cashier system that | The real-time updates of | Reception system and smart |
works on tablets and mobile | whether a table is available | tools for offices |
phones |
Providing the POS system | Providing the online service | Providing the smart |
on mobile phones to | tool for announcing | reception system that works |
retail stores and | availability to cafes and | on tablets. |
restaurants. | restaurants. |
Investing and building partnerships with the small cap IoT venders that focus on the issue on human resource shortage and improve efficiency of office and retail management.
Roundup of the Strategies of Enterprise Solution Business Segment | 26 | |
IT System
Development
LCM focusing on
Mobile Phones
ICT/IoT
Enterprise Solutions
Subscription Service | 27 | |
Cumulative Number of TG Hikari
Subscribers (incl. Resale)
The optic fiber access service
increasing
steadily
The number of contracts are
increasing steadily.
End of April 2015 | End of Sept 2018 | End of Sept | ||
(Launch) | 2019 |
Subsidiary: WAMNET Japan K.K. | 28 | |
The online system for file transfer/share for
enterprise customers, Giga CC ASP/OFFICE.
Payment Service Business and Other Business Segment
Financial Results of | 30 | |
Payment Service Business and Other Business Segment | ||
Financial Results Comparison
Net | Operating | Net Profit | ||||||||
Sales | Profit | (Billion Yen) | ||||||||
26.2 | ||||||||||
23.1 | ||||||||||
2.462.12
0.35
(0.19)
1H FY 19/3 | ||
1H FY 20/3 | ||
Payment Service Business and Other Business Segment
<> Only>
Net | Operating | ||||||||||||||||
Net Profit | |||||||||||||||||
Sales | Profit | ||||||||||||||||
(Billion Yen) | 24.6 | ||||||||||||||||
20.8 | |||||||||||||||||
0.78 | |||||||||||||||||
0.45 | 0.53 | ||||||||||||||||
0.3 | |||||||||||||||||
Gross Sales of PIN & Gift Card
Significant increase
due to the start of gift card business with a major sales channel from 2Q of FY 2019
1H FY 19/3 | 1H FY 20/3 |
Amount of Issued QUO Card
Issued amount continues to increase
1H FY 19/3 | 1H FY 20/3 |
1H FY 19/3 | 1H FY 20/3 | |
Wholesale Sale of Apple Accessories | 31 | |
The wholesale business of Apple Accessories to
Seven-Eleven convenience stores.
9 accessories from Apple are on sale from May 2019.
Subsidiary: Model T Inc. - Solar Power System | 32 | |
Installing solar power systems to Docomo Shops
Recent Campaigns | 33 |
The digital gift that can be used in physical retail stores, allowing
enterprise customers to launch various types of promotional campaigns.
UQ Communication Inc. | Toyota Motor Corporation |
From Sept. 28th to Dec. 27th 2019 | |
Until Nov. 30th 2019 | Until the stock lasts |
For updates and news on QUO Card Pay campaigns, please check its official website:
https://www.quocard.com/pay/campaign/
Member Stores: where it can be used | 34 |
Member Stores
Convenience
Stores
Book Stores
(一部店舗を除く)
(一部店舗を除く) | (一部店舗を除く) |
(一部店舗を除く) |
(一部店舗を除く)
(一部店舗)
(一部店舗)
(一部店舗を除く)
(都城 妻ヶ丘本店のみ)
(As of Nov. 1st 2019) | * I ts m em ber store differ from that of QU O C ard . |
* ●= QUO Card Pay only | |
Cafes |
(一部店舗を除く)
(一部店舗を除く)
Drugstores
(一部店舗を除く) | |||
(一部店舗) | (一部店舗を除く) | Restaurants | *There are some exceptions |
(一部店舗) | Toy Shop |
Shopping Center | |
(守口本店のみ) | |
(銀座博品館TOYPARK) | |
(一部店舗を除く) | |
(プラスゲオ富久山店のみ) |
More stores are joining.
CSR Activities
CSR | 36 |
●e-NetCaravan The action to promote the safe and secure use of the internet and smartphones to students as well as guardians and teachers.
By offering seminars to children, the company is taking its social responsibility to rise the awareness to the safe and secure use of internet.
The number | 456instructors (As of end of Sept 2019) |
of certified | |
instructors | |
The number | 128seminars (As of end of Sept 2019) |
of seminars | |
done |
Photo taken at an e-Net Caravan seminar
- Environmental initiatives: Installing the solar panels and power generating systems to directly managed shops by T-Gaia and its warehouses.
(The warehouse in Shiga)
Appendixes
【T-Gaia Corporate Philosophy】 | 38 |
TG Vision - Our Vision -
- We will propose new ways of communication to provide our customers with excitement, delight, and safety
TG Mission - Our Mission -
- We value our employees, as well as their families, and strive to establish a pleasant work environment for everyone
- We will develop strong relationships with our business partners, regional communities and shareholders toward our future mutual growth
- As a leading company in the industry, we will go ahead of changes to develop new businesses
TG Action - Our Code of Conduct -
- We will provide the highest-quality service exceeding any of someone's expectations
- We will keep challenging something new aggressively with our passion and a sense of speed
- We will value communication and establish workplace with a culture of openness
- We will value our diversity and strive to achieve the best teamwork
- We will move ourselves higher as professionals
- We always act on high ethical standards and strengthen our compliance structure
38
39
The Midterm Goals
From November 2015, T-Gaia has set a medium-term goals to realize a sustainable growth and to respond to the expectations of all stakeholders including shareholders and employees by achieving the following objectives based on the corporate philosophy toward the FY 2020 (FY ending March 2021).
- Firmly maintain the position as the leading company in the core business of mobile phone distribution
- Grow solution business for corporate clients, settlement service and overseas business as a strong
core business
- Create and explore new business opportunities in the mobile and internet industries
- Maintain the dividend payout ratio over 30%
In order to realize the objectives noted above, T-Gaia is taking concrete measures every day, setting the following points as the company-wide strategy.
- Cultivate, recruit, utilize and retain human resources to realize maximization and optimization of achievement of respective employees
- Conduct strategic and continuous cost managements to transform the cost structure into one that can response to the change of the market environment
- Maximize the corporate-wide achievements by optimizing the organization as well as the corporate system
Based on the above medium-term goals and company-wide strategies, T-Gaia will develop the business strategies for each business lines and make every effort to realize them through the concrete action plans in each business departments.
Business Environment and The Strategies | 40 |
Evaluations on the Business Environment
The wide spread of smartphones allows people to connect to the world regardless of time. It has brought huge changes to the way people communicate, gather information and purchase.
New types of businesses and services that were unimaginable in the past are now available. The market became more competitive and so as the chance of forming a new partnership.
Strategies of T-Gaia
T-Gaia will accelerate the speed to become "a Comprehensive Provider of ICT- Related Domains".
The company will accelerate its investments in its digital services while making full use of its analog strengths, such as shops and sales bases across the nation, the diverse range of business models and well-established trades.
It will strive to develop new businesses and services while maintaining the existing partnership within the group.
Vision of Becoming "A Comprehensive Provider | 41 |
of ICT-Related Domains"
Digitalization
Mobile Phone | ||||
Distribution | ||||
Business for | ||||
Solution | ||||
Payment | ||||
Consumers | ||||
Business | Business | |||
B to C | ||||
B to B to C | B to B | |||
Corporate
Group
Cooperation
Cooperation
Nationwide sales | High flexibility | |||||
Wide variety | Wide range of | |||||
Financial | ||||||
of business | business | channels | and neutrality | condition kept in | ||
models | relationship | (for mobile distribution | (low in in-house | good valance | ||
business) | products) | |||||
The Strengths of the Corporate Group
Unit Sales of FY2019 and FY2020 | 42 | |
Quarterly Sales Unit
(Thousand Unit) | ||||||
1,006 | 1,030 | 1,147 | 983 | |||
943 | 913 | |||||
1Q | 2Q | 3Q | 4Q | 1Q | 2Q |
FY19/3 | FY20/3 |
- Including WiFi terminals and MVNO handsets
- The unit sales of FY 19/3 has been modified as UQ WIMAX has been included into the calculation. (7000 units are added.)
Financial Results in Quarterly Comparison | 43 | |
1Q (April to June)
Net Sales | Operating | Net Profit | ||||
(Billion Yen) | Profit |
115.6117.9
3.86 | 3.70 | |||
3.11 | 2.88 | |||
FY 19/3 | FY 20/3 |
1Q | 1Q |
2Q (July to September)
Net Sales | Operating | Net Profit | ||||||||
Profit | ||||||||||
(Billion Yen) | ||||||||||
126.5 | ||||||||||
124.1 |
3.75 | 4.07 | ||
3.01 | 3.28 | ||
FY 19/3 | FY 20/3 |
2Q | 2Q |
Consolidated Forecasts for FY Ending March 2020 | 44 | |
(Unit: billion yen) | Full Year Results | Full Year Forecast | Year-on-year | ||||
for 2019/3 | for 2020/3 | ||||||
Net Sales | 526.92 | 432.00 | ▲94.92 ▲18.0% | ||||
Gross Profit | 70.94 | 67.50 | ▲3.44 | ▲4.9% | |||
SG&A Expense | 55.56 | 54.40 | ▲1.16 | ▲2.1% | |||
Operating Profit | 15.38 | 13.10 | ▲2.28 | ▲14.8% | |||
Non-Operating Income | 5.21 | 5.40 | +0.19 | + | 3.6 | % | |
(Income from Hoarded Cards , etc..) | |||||||
Ordinary Profit | 20.59 | 18.50 | ▲2.09 | ▲10.2% | |||
Attributable to Shareholders of | 13.84 | 12.40 | ▲1.44 | ▲10.4% | |||
the Parent Company | |||||||
Net Profit |
Forecasts for Mobile Telecommunications Business Segment 45
The Business Environment
Forecasts of Mobile Telecommunications Business Segment
Net | Operating | Net Profit | (Billion yen) | ||
Sales | Profit |
The large swells that drive the industry are the law amendments regarding the sales of terminals in force from October and the foreseen establishment of a new carrier.
The preparation for 5G has started.
452.6
13.10
8.86
FY 19/3
351.0 | Our Strategies |
● Reinforcing our "values in proposals" in response to | |
11.56 | the drop in sales volume due to the complete separation |
of charges of mobile phone handset and communication | |
7.76 | charges (Smartphone instructional classes and IoT |
showrooms within shops, etc.) |
● Improving the ratio of revenue generated by | |
subscription services | |
● Active investments in staff education and recruitment | |
FY 20/3 (Forecasts) | of personnel for enhancement of sales ability and |
improvement of customer satisfaction | |
● Continue to make strategic investments such as store | |
relocation and renovation |
Forecasts for Enterprise Solution Business Segment | 46 | |
The Business Environment |
Forecasts for Enterprise Solution Business Segment
Net | Operating | Net Profit | (billion yen) | ||
Sales | Profit | 31.0 | |||
26.5 |
- Workstyle reform and shortage of labor are both tailwind.
- Installing smart devices are popular to enterprise customers.
- Information security issue are becoming more serious.
- Re-wholesaleof "Hikari" fiber-optic connection service has started.
Our Strategies
2.43
1.68
FY 19/3 Results
2.48 | Mobile Enterprise Solution Business |
● Mobile version of LCM business are promoted | |
1.71 | ●IoT business put forward through capital alliance |
with venture companies | |
● Building up of subscription business such as "movino | |
star" |
FY 20/3 (Forecasts) | Network Business |
● Expansion of revenue base of "TG Hikari" | |
● Productivity improvements by effective use of sales | |
support system |
Forecasts for Payment Service Business and Other Business Segment | 47 | |||||||||||||||
Forecast for Payment Service Business and | ||||||||||||||||
Other Business Segment (Consolidated) | The Business Environment | |||||||||||||||
Net | (billion yen) | |||||||||||||||
Operating | Net Profit | |||||||||||||||
Sales | Profit | Gift card business and PIN business are steady. | ||||||||||||||
47.7 | 50.0 | |||||||||||||||
Cashless payment services using smartphone | ||||||||||||||||
3.28 | ||||||||||||||||
2.93 | are expanding. | |||||||||||||||
▲0.16 | ||||||
▲0.94 | ||||||
FY 19/3 Results | FY | 20/3 Forecasts | ||||
Reference: The Forecast for Payment Service Business
and Other Business Segment (T-Gaia Alone)
Net | Operating | Net Profit | (billion yen) | ||||
Sales | Profit | ||||||
46.5 | |||||||
43.6 | |||||||
1.24 | 1.30 | ||||||
0.90 | |||||||
0.76 | |||||||
Our Strategies
Payment Service Business
- Increase in gross sales due to expansion of products and sales channels
●Implementing large-scale sales promotion of "QUO Card Pay" (the planned cost: approximately 1 billion yen)
Overseas Business
- Gross sales of gift card increased due to the expanded sales channels at the luxury supermarket chain in Singapore
- Preparing to launch a business in Vietnam
FY 19/3 Results | FY 20/3 Forecasts | |
Financial Information of T-Gaia: Part 1 | 48 |
- Transition of ROE & Operating Profit
Operating Profit | ROE (Return on Equity) | |||||
(billion yen) | 15.6 | 14.2 | 14.4 | 15.3 | ||
14.3 |
12.7 | 13.1 |
33.3%
29.4% 29.3% 29.7% 30.9%
26.4% | 24.5% * |
FY 14/3 FY 15/3 FY 16/3 FY 17/3 FY 18/3 FY 19/3 FY 20/3
It has been selected to "JPX Nikkei Index 400" (Forecast) for consecutive years by maintaining high level of ROE
*The ROE of the FY 20/3(Forecast) is calculated based on the forecast of the net profit for FY 20/3 attributable to shareholders of the parent company and the prediction of the net worth of the period.
Financial Information of T-Gaia: Part 2 | 49 | |
- The Past Trends and the Forecasts of the Key Financial Index
Year End (in billion) | 2014/3 | 2015/3 | 2016/3 | 2017/3 | 2018/3 | 2019/3 |
Net Profit | 6.83 | 7.74 | 9.49 | 9.69 | 10.16 | 13.84 |
Net Worth | 23.59 | 29.10 | 35.81 | 29.36 | 36.44 | 46.73 |
Equity Ratio of Net | ||||||
Profit | 26.4% | 29.4% | 29.3% | 29.7% | 30.9% | 33.3% |
(ROE) | ||||||
Return on Investment | 10.0% | 13.5% | 17.3% | 17.6% | 20.3% | 22.0% |
(ROIC) | ||||||
Operating Profit on | 1.8% | 2.2% | 2.5% | 2.6% | 2.6% | 2.9% |
sales | ||||||
Dividend on Equity | 10.0% | 9.8% | 9.1% | 9.9% | 9.3% | 10.0% |
ratio (DOE) | ||||||
Financial Information of T-Gaia: Part 3 | 50 | |
- Return to Shareholders: Dividend Policy
Return to Shareholders in FY ending March 2020
- Annual dividend: 75 yen/share (Interim: 37.5 yen/share, Yearend: 37.5 yen/share)
Basic Dividend Policy | Targeting & maintaining dividend payout ratio of more than 30% |
- Net Profit per share (yen)
242.24
222.51
172.62182.34
138.11
112.68
86.74
- Dividend per share & Payout Ratio(yen)
Dividend per share | Payout ratio | 75.00 | |
75.00 |
52.00 55.00
43.00
35.00 37.50
40.3%
33.3% 31.1% 30.1% 30.2% 30.1% 33.7%
FY14/3 FY15/3 FY16/3 FY17/3 FY 18/3 FY 19/3 FY 20/3 | FY14/3 FY15/3 FY16/3 FY17/3 FY 18/3 FY 19/3 FY 20/3 |
(Forecast) | (Forecast) |
* The net profit per share and dividend per share at the end of FY 20/3 are calculated based on the predicted average number of the share of the period at the end of FY 20/3.
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T-Gaia Corporation published this content on 27 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 November 2019 07:27:07 UTC