OYO Corporation
FY Ending December 2019
2nd Quarter Financial Results
August 20, 2019
President & CEO

Masaru Narita

Content
1. Profile of OYO Group
2. Overview of 2Q Finacial Results
3. Financial Results by Business Segment
4. Basic Strategy of the Current Medium-TermBusiness Plan and Status of Progress
5. Forecast of FY2019 Financial Results andDividend© 2019 OYO Corporation, All rights reserved.

2

FY Ending Dec. 2019
2Q Financial Results

1. Profile of OYO Group© 2019 OYO Corporation, All rights reserved.

3

1. Profile of OYO Group
Non-consolidated divisions
Domestic subsidiaries
Overseas group companies

Building a sustainable society

Social issues

Harmonizing between the Earthand Human Society

Role of OYO Group

Segment 1

Segment 2

Segment 3

Segment 4

Infrastructure Maintenance,
Management andRenovation

Natural Disaster
Prevention and Mitigation

Environment

Natural Resources
and Energy

Provide solutions and systems to support
the maintenance, management andrenovation of social infrastructures

Provide solutions and systems to support
the resilient society against natural
disasters, etc.

Provide solutions and systems to support
environmental conservation (reduce theimpact to environment)

Provide solutions and systems to support
the development, conservation, andeffective use of resources and energy

Infrastructure Maintenance Biz Div.
Regional & Global Aqua Eng. Div.

Sabo Business Division
Earthquake Risk Mgt. Div.

Global Environment Biz Div.

Energy Business Divison

TohokuBoring,KCS, KoeiConsultant,
OceanEngineering,
OYOGeo-MonitoringService,etc.

OYO Seismic Instrumentation
OYO RMSOYO International

GSSII (US) , OYO Pacific (US, Guam)Fong Consult , FC Inspection

NS Environment

Kinemetrics (US)※ In addition to the above, there are Instrument & Solution Div. and IT Business Div. as non-consolidated divisions.
※ Starting this fiscal year, Fong Consult Pte Ltd and FC Inspection Pte Ltd were consolidated. (hereafter “FC” and “FCI”)© 2019 OYO Corporation, All rights reserved.

Geometrics (US)NCS SubSea (US)Robertson Geologging (UK)4

FY Ending Dec. 2019
2Q Financial Results

2. Overview of 2Q Financial Results© 2019 OYO Corporation, All rights reserved.

52-1. Overview of 2Q Financial Results
million yen

121
%

2018

2019

10,000
0

2Q

2Q

50
%

48
%

2018

2019

1,000
500
0

1,481

985

2Q

1,093
2Q
Progress

54%

20,00022,64723,962

1,500

1,900

Full-Year
Forecast•

2Q

30,0002,000

Operating income

Progress•

2Q

million yen

Full-year
Result•24,810Progress•

29,947

Progress

0

40,000Year on Year

10,00045,232

Progress

20,00046,26250,00049,500Full-Year
Forecast

30,000Sales
Full-year
Result40,000

million yen

Full-year
Result50,000Orders

67
%

58
%

2018

2019

Increased in sales and operating income compared to the same period of previous
fiscal year.
Natural Disaster Prevention and Mitigation and Environment segments led thegrowth of financial results.
Orders grew significantly by more than 20% compared to the same period of previous
fiscal year.
Progress rate against forecasts is about 50% for sales and more than 55% foroperating profit.

© 2019 OYO Corporation, All rights reserved.

6

2-2. Overview of 2Q Financial Results by Segment
Infrastructure
Maintenance

Sales

Decreasedinsales
andprofits

JPYM

12,000Operating
IncomeNatural Disaster Prevention
and Mitigation

Sales

JPYM

1,200

6,000

1,000

5,000

800

4,000

600

3,000

4,000

400

2,000

2,000

200

1,000

10,277

10,000

9,925

8,000
740

6,000

0

2018
Sales

731

2019

Increaseinsales
andprofits

0

Operating
Income

5,254
3,778

287
197

0

2018

Operating income

Sales

Environment

2019

Sales
JPYM

600

6,000

500

5,000

400

4,000

300

3,000

200

2,000

100

1,000

Increasedinsales
andprofits

4,020

Operating income

2018
Sales

600

Sales
JPYM

6,000

4,477

500

5,000

453

400

4,000

300

3,000

200

2,000

100

1,000

271

0

0

Operating
Income2019

00Infrastructure Maintenance
Natural Disaster Prevention and Mitigation
Environment
Natural Resources and Energy

19%

FY 2019, 2Q
Sales composition
JPY 23,962M© 2019 OYO Corporation, All rights reserved.

0
-100

4,306

-200
-226

-300
-400

-392

2018

-500
-600

2019

Operating income

41%

2018: 21%▼2019: 22%
※ Including JAICA projects

18%
17%

4,571

OperatingincomeOverseas Sales Ratio

45%
FY 2018, 2Q
Sales composition
JPY 22,647M

Decreasedinsales
andprofits

Sales

Operating income

18%

20%

Natural Resources
and Energy

22%7

2-3. 2nd Quarter PL Summary
・ Orders at the beginning of FY 2019 increased by adding those of acquired FC & FCI. (approx. ¥3.54b)
・ SG&A expenses in FY2019 increased due to increase of personnel expenses and acquisition of
FC & FCI.
・ Recorded extraordinary losses due to partial sales of strategic shareholdings.
2Q FY2019(Unit: million yen)

2Q FY2018

Sales ratio

YoY change

Sales ratio

Increase or
decrease

Ratio

Outstanding orders at the
beginning of fiscal year

21,237-

16,667-+4,570127.4%

Orders29,947-

24,810-+5,137120.7%

Sales

23,962100.0%

22,647100.0%+1,315105.8%

16,421

68.5%

15,39068.0%+1,031

+0.5P

7,541

31.5%

7,257

32.0%

+284

103.9%

6,447

26.9%

6,271

27.7%

+176

102.8%

1,093

4.6%

985

4.3%

+108

111.0%

4.9%+196

117.7%

3.0%+117

117.0%

Cost of sales
Gross profit
SG&A expenses
Operating income
Non-operating profit & loss
Ordinary income

209
1303

Extraordinary profit & loss

(45)

Net income attributable to ownersof parent

804© 2019 OYO Corporation, All rights reserved.

122
5.4%

1,107
0

3.4%

687

8

FY Ending Dec. 2019
2Q Financial Results

3. Financial Results by Business Segment© 2019 OYO Corporation, All rights reserved.

93-1. External environments
Overseas・ Trade friction between the US and China
・ Unstable resource prices (economic slowdown in China and expansion of protectionism)
・ Crude oil prices are unstable, but development of oil fields started.
・ Increased worldwide awareness of disaster prevention and environmental conservation (ESG, SDGs)
・ Sustained growth of the global economy and steady expansion of infrastructure development andrenovation demand・ Concerns about the Brexit (no-deal Brexit)
・ Continuing demand for renewable energy development in EU (Wind Power Generation)

Risk
Risk
Tailwind
Tailwind
Tailwind
Risk
Tailwind

Domestic
・ Shrink of the nuclear power plant and expansion of demand for renewable
Risk
energy (offshore wind power)
・ Increasing opportunities for infrastructure, disaster prevention and mitigation projects in line withthe expansion of the National Resilience budget
・ Demands for reconstruction due to the aging of buildings
・ Increasing demands for disaster prevention and mitigation due to frequent and intensified
natural disasters
・ Demand for improving efficiency and productivity through ICT© 2019 OYO Corporation, All rights reserved.

Tailwind
Tailwind
Tailwind
Tailwind
Tailwind10

3-2. Infrastructure Maintenance, Management,
and Renovation Segment
Business policy-

Expand market share in the fields of transportation, communications, energy infrastructure, basin, groundwater
management, against the backdrop of the budget for the National Resilience- Expand overseas markets through collaboration with group companies by establishing of overseas bases
25,00025,000

2Q

2Q

5,000

52%

111%

2018

2019

0

Progress

10,000

53%

45%

2018

2019

1,200

1,104

1,130

1,000
800

740

FY2019

731

600

2Q

2Q

400

Progress

9,925

Operating income

Progress

10,277

Progress

0

19,216

2Q
Year on Year

5,000

2Q

11,327

Progress

10,00010,21815,00022,200Full-year
results

Full-year
results

15,00020,000

million yen

Full-yearplan

20,00019,555

Sales

Full-year
plan

million yen

Full-year
results

Ordersmillion yen

200

67%

65%

2018

2019

0

Sales

41%

Composition

Overseas Sales Ratio
2018: 18%▼
2019: 21%
※ Including JAICA projects

Summary of
Performance

Orders: Strong growth in Fukushima related and submarine infrastructure business
110.9% YoY
Sales: Market development type services increased in domestic, but couldn’t compensate for the shrink of conventional construction and investment-oriented business. US subsidiaries suffered the impact of US-China trade war 96.9% YoY
Operating Income: Slight decrease due to decline in sales
98.8% YoY

Market environment

・ Expansion of markets related to the National Resilience and i-Construction
・ Growing global markets for BIM (Building Information Modeling)・ Demand for infrastructure management in Asia, particularly in Singapore
・ Worsening of the international situation (trade friction between the US and China, etc.)© 2019 OYO Corporation, All rights reserved.

11

The major cases in the segment (Firs half of FY2019)

Infrastructure Maintenance,(Market development-oriented products and services to solve social/customer challenges) Management, and Renovation
OYO Corporation

Domestic group companies

Overseas group companies

Infrastructure maintenance and mgmt.
field

Regional and global aqua engineering
management field

Maintenance and management field

・Road inspection service using ICT for the
National Resilience・Well maintenance service
・Effect of restoring the pumping function(Tohoku Boring: Water business is its corebusiness)

・Strong sales and development of products forstructural inspection, pavement quality control,and other applications in the maintenance andmanagement field(GSSI: Rader exploration equipment)※ The photos are simulated image

i-Construction field
・Strong sales by developing waste transport
vehicles operation management system,
which is essential for Fukushima‘sreconstruction business© 2019 OYO Corporation, All rights reserved.

Undersea infrastructure field・Expansion of undersea surveying to meet thedemand for undersea cable maintenanceassociated with offshore wind power generation(Ocean Engineering: Undersea survey businessis its core business)123-3. Natural Disaster Prevention and Mitigation Segment
Business policy
million yen

10,000Ordersmillion yen

9,847

10,000Market environment

2Q

2Q

41%

2018

200
100

53%

2019

0

400

197
2Q

FY2019
Sales

287
2Q
Progress

Summary of
Performance

2019

3,778

300

391

Full-year plan

2018

0

500

Progress

0

153%

2,000

5,254

Operating income

Full-year
results

Progress

48%

4,000

million yen

400

Progress

2,000

6,000

Progress

4,000

2Q

2Q
Year on Year

4,713

8,000

9,217

9,900
Full-year plan

6,000

7,235

Sales
Full-year
results

Full-year
results

8,000

Expanded market share by providing natural disasters prevention and mitigation solutions against the backdrop of the
National Resilience budget (both in Japan and overseas)
Overseas seismometer business expanded by developing products for consumer in addition to products for specialist

72%

50%

2018

2019

Composition

22%
Overseas Sales Ratio
2018: 38%▼
2019: 28%
※ Including JAICA projects

Orders: Growth in sediment-related disasters, earthquake countermeasures, disaster monitoring, etc.
153.5% YoY
Sales: Sediment disasters response increased mainly due to the Heavy Rain Event in western Japan139.1% YoY
Operating Income: Increased due to sales increase. Overseas business recovery trend
145.7% YoY・ Strengthening for flood control measures business and large-scale budget of the National Resilience in responseto the Heavy Rain Event in western Japan・ Effects of the US government closing at the beginning of the year, worsening of the international situation(trade friction between US and China, etc.)
・ Improvement of efficiency using ICT and acceleration of interdisciplinary innovation
・ Growing global markets for BIM (Building Information Modeling)© 2019 OYO Corporation, All rights reserved.

13

The major cases in the segment (Firs half of FY2019)(Market development-oriented products and services to solve social/customer challenges)
OYO Corporation
The National Resilience field: flood and sediment disasters
・ Landslides and other slope disasters prevention services
・ Started of 3D exploration at the actual landslide site

Natural Disaster
Prevention and Mitigation
Overseas group companies

Disaster prevention and mitigation field・ Oasis+, a crisis-management earthquake monitoring system, is a BCPrelated product that combines seismometers and building diagnosis systems
・ Oasis+ installed in a US hospital diagnoses and verifies facility safety in theevent of an actual earthquake (Kinemetrics: seismometers)※The photos are simulated image

The National Resilience field: earthquake and volcanic disasters
・ Disaster simulation service (earthquake, tsunami, fire spread)・ Damage estimation, BCP
・ Development and upgrading of earthquake and volcano observation system© 2019 OYO Corporation, All rights reserved.

※ The photos are simulated image

14

3-4. Environment Segment
Business policy-

Ordersmillion yen

10,000

2Q

47%

50%

2018

2019

400

271

300

2Q

200
100
0

453

19%

82%

51%

2018

Sales
Composition

2Q
Progress

2019

0

2Q

4,477

500

FY2019550

528

Full-year plan

2,000

4,020

600

Progress

2018

108%

4,000

Progress

02Q

Progress

62%

6,000

8,900

Operating income
Full-year
results

2Q

5,939

8,512

million yen

Full-year
plan

5,494

YoY

2,000

8,000

Progress

4,000

10,000Sales

Full-year
results

6,000

million yen

8,870
Full-year results

8,000

Expanded market share in areas, which are social challenges, such as Fukushima reconstruction project,
recycling-based society, ecological environment, and pollution countermeasures
Developed solution services to create overseas markets and new markets

2019

Overseas Sales Ratio
2018:－%▼
2019:－%※ Including JAICA projects

108.1% YoY
111.4% YoY
167.2% YoY

Summary of
Performance

Orders : Driven by Fukushima reconstruction, disaster waste, ecological and forest environment,
and pollution countermeasures
Sales :
Operating income: Increased due to sales increase and improvement in the cost of sales ratio

Market environment

・ Fukushima environmental restoration project : Interim storage is picking up speed
・ Nationwide strengthening of the asbestos scattering prevention ordinance・ Full-scale implementation of green infrastructure policy (climate change and disaster prevention and mitigation
measures by Ministry of Land, Infrastructure, Transport and Tourism)
・ Review of Basic Act for National Resilience, and strengthening of disaster waste disposal system© 2019 OYO Corporation, All rights reserved.

15

Environment

The major cases in the segment (Firs half of FY2019)(Market development-oriented products and services to solve social/customer challenges)
OYO Corporation

Domestic group companies

Fukushima reconstruction project

Environmental pollution field・ Quality evaluation and management services for decontaminatedsoil disposal at interim storage facilities
・ Support services for disposal of radioactive waste

・ Asbestos countermeasure:
Responding to demand for reconstruction of buildings andstrengthening of the asbestos scattering prevention ordinance
Providing “One stop service” from analysis to removal work
・ PM2.5 measurement
Measurement of fine particulate matter in air(NS Environment Corp: Quantitative analysis is its core business)

The National Resilience field・ Disaster waste disposal planning service
・ Development of training applications for disaster waste disposal
practitioners© 2019 OYO Corporation, All rights reserved.

16

3-5. Natural Resources and Energy Segment
Business policy -

7,988

-200

2Q

2Q

-300
-400

55%

51%

-500

2018

2019

-600

2Q
-317
mil.

-226

-543

Full-year
plan

Market environment

4,306

2018
Diff.

Summary of
Performance

2019

4,571

-100

Operating income

Full-year
results

2018

0

ProgressYear on year

124%

8,500

million yen

Progress

Progress

54%

2Q

8,287

Full-year
plan

2Q

9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0

Full-year
results

Full-year
results

5,445
4,384

Sales

million yen

18%

2019

FY2019

2Q

Sales

Diff.

Ordersmillion yen

9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0

Domestic: Expand in renewable energy fields such as wind power, geothermal power, and ground-source heat, etc.
Overseas: Expand through the cultivation of new customers for resource exploration and high-quality exploration
technologies such as 4D exploration.

Composition-150 242
mil.

-392※ Differences between
full-year and 2Q

Overseas Sales Ratio
2018: 32.4%▼
2019: 37.4%※ Including JAICA projects

Orders: Recovery of offshore wind power and resources market compensate the contraction of nuclear
power market
Sales: Decrease due to a decline in outstanding orders at the beginning of the fiscal year and a delay ofoffshore wind power generation sales in the second half of the fiscal year
Operating income: Decrease in sales and worsening costs due to new 3D sea exploration overseas

124.2% YoY
94.2% YoY
Loss increased

・ Expanding the market for renewable energy and offshore wind power generation
・ Energy policy: Shrink of domestic nuclear power market and expansion of renewable energy markets
・ Slowdown of global economy: Restrained movement of oil markets
・ Expanding demand for cost-cutting technologies (seabed oil exploration)© 2019 OYO Corporation, All rights reserved.

17

The major cases in the segment(Market development-oriented products and services to solve social and customer challenges)
OYO Corporation

Renewable energy sector

Overseas group companies

Marine Resources Exploration Field・ Seabed survey service for renewable energy offshore windstation site (50% share of the domestic market)
・ Capital investment into offshore survey steel scaffolding
・ Expand market share through seabed exploration technology
developed to improve the quality and efficiency of marine surveys

Steel scaffolds

Natural Resources
and Energy

・ Oil exploration using P-Cable, a high-precision 3D exploration
technologies
・ Developed new customers and exploration areas: African ocean
・ Obtained high reputation for 4D exploration, which performs 3D
exploration in time series(NCS Subsea: Three-dimensional offshore exploration services)

Seabed exploration technology© 2019 OYO Corporation, All rights reserved.

18

FY Ending Dec. 2019
2Q Financial Results

4. Basic Strategy of the Current Medium-TermBusiness Plan and Status of Progress© 2019 OYO Corporation, All rights reserved.

194-1. Basic Strategy of the Current Medium-Term Business Plan
Basic
Strategy

Growth1 Strategy

Establish the OYO brand in four business fields

Expand business by developing and providing
market development-oriented solution services
that solve social challenges

Basic
Strategy

Technology

2 Strategy

Infrastructure
Maintenance,
Management andRenovation

Natural Disaster
Prevention and
Mitigation

Environment

NaturalResourcesand Energy

Create new value and cultivate the market throughthree-dimensional ground information technology

Key Theme I: Develop ICT platform for utilizing various information→ Establish information infrastructure and developing new markets by utilizing 3D technologies

Key Theme II: Strengthen R&D functions→ Strengthen the development system through cooperation with group/external companies
Basic
Strategy

3 Global Strategy

Conduct M&As to accelerate the business expansion strategy,
and launch solution system into overseas market

Key Theme I: Conduct M&As to accelerate global business expansion→ Expand overseas business by using local companies
Key Theme II: Expand solution service business into overseas markets→ Expand 3D exploration systems and IoT cloud services into overseas markets© 2019 OYO Corporation, All rights reserved.

20

4-2. Current Status of Growth Strategy
Growth Strategy: In each area of expertise (segment), expand business by developing and providing
market development-oriented solution services that solve social challenges
Current Medium-Term Business Plan “Jump18”

Previous Medium-TermBusiness Plan
“Step 2014”
OYO Group
OYO Corporation
Domestic
Group Companies
Overseas
Group Companies
2018

1H 20192H20192020

Changed to new segments

Increase Divisions: strengthen products and services Complete switched to※ coexist with Branch System
the Division System
Clarify core businesses of each company
Clarify products and services
Review the Sales Strategy
Shift from specialized niche markets

Products and services improved → 2Q orders increased in all segments (compared with 2Q of the previous fiscal year)【 Major Improvements in OYO Corp. and Domestic Group 】
Shifted from “Technology-oriented single-item service” to“Solution services that meet social and customer needs”© 2019 OYO Corporation, All rights reserved.

【Major Improvements in Overseas Group】
Shifted from “High-precision measuring instruments forresearchers and specialists” to“Specific Products, Products + Systems”

21

4-3. Current Status of Technology Strategy (1)Technology Strategy: Create new value and cultivate the market throughthree-dimensional ground information technology
 Key Theme I: Develop ICT platform for utilizing various information
Establish information infrastructure and develop new markets by utilizing 3D technologies


Establish information infrastructure• Compiled in-house ground information into database• Collected weather data, etc.
• Collected monitoring data for various sensors

Three-dimensional technology• Joined bSI, building SMART International, which is an international standardization organization
for the BIM market• Constructed Three-Dimensional Exploration Verification Center(technology development and quality assurance)• Started demonstration experiment of three- dimensional exploration technology
in the construction business.

BIM is an abbreviation for Building Information Modeling. It is a solution that adds attributes such as physical properties, costs, and management information todigital models of three-dimensional structures created on computers, and uses the information in every process from designing and construction to maintenanceand management of structures.

© 2019 OYO Corporation, All rights reserved.

22

4-3. Current Status of Technology Strategy (2) Key Theme II: Strengthen R&D functions
Strengthen the development system through cooperation with group/external companies
 Cooperate with group companies: Utilized technical resources within the Group•

Combinated technologies within the Group: Developed seabed exploration system from micromotion
probing device

 Establish development system including external collaboration:
Jointly developed technologies and products through active external collaboration•

Disaster countermeasures for information support system for local governments (KDD,TOYOTA, OYO)•

Developed low-cost sensors for multi-point real-time monitoring (Abit Corp., OYO)•

Developed AI model for interpretation of landform with sediment disaster risk
(Mizuho Information & Research Institute, Incubit Inc., OYO)

© 2019 OYO Corporation, All rights reserved.

23

4-4. Current Status of Global Strategy
Global Strategy: Conduct M&As to accelerate the business expansion strategy,
and launch solution system into overseas market
 Key Theme I: Conduct M&As to accelerate global business expansion

Acquisition of Fong Consult and FC Inspection in Singapore• Entered into the infrastructure market of Singapore• Business development bases in the Asian region

 Key Theme II: Expand solution services into the overseas markets
Expanded three-dimensional exploration systems and IoT cloud services into the overseas markets• Sales of three-dimensional exploration systems (Singapore)• Proposed our road inspection technology to the Singapore government via Fong Consult and FC Inspection• Introduced PDC, a real-time liquefaction determination device (Taiwan)© 2019 OYO Corporation, All rights reserved.

24

4-5. Current Status of Corporate Governance
Strengthen corporate governance, including improving employee
quality of life Improve employee quality of life•••

Improve productivity: Promote work style reform through ICT utilization, etc.
Continuous support for childcare and women‘s participation:“Platinum Kurumin,” “Eruboshi.”Enhancement of a pleasant work environment
Personnel transfer without relocations, telecommuting system

 Strengthen CSR Activities••

Strengthen Compliance: Increased members of Compliance DivisionObtained “Business Continuity and Social Contribution” of Resilience
Certification

 Corporate governance••

Strengthen the "monitoring function" of the Board of Directors:
Three outside directors (more than one-third of directors)
Enhance the transparency:
Voluntary Nomination and Compensation Advisory Committee© 2019 OYO Corporation, All rights reserved.

25

FY Ending Dec. 2019
2Q Financial Results

5. Forecast of FY2019 Financial Resultsand Dividend© 2019 OYO Corporation, All rights reserved.

26

4-1. FY2019 Consolidated Financial Results Forecast(million yen)

Sales
Infrastructure Maintenance
Natural Disaster Prevention and Mitigation
Environment
Natural Resources and Energy

Operating income
Infrastructure Maintenance
Natural Disaster Prevention and Mitigation
Environment
Natural Resources and Energy-

FY2019Forecast

2Q FY2019
Results

2Q FY2019
Progress ratio

2Q FY2018
Progress ratio

49,50023,96248%

48%

22,200
9,900
8,900
8,500

9,925
5,254
4,477
4,306

45%
53%
50%
51%

53%
41%
47%
55%

1,900

1,093

58%

67%

1,130
400
550
(150)

731
287
453
(392)

65%
72%
82%
-

67%
42%
62%
-

Infrastructure Maintenance, Management and Renovation:
Promote market development-oriented services and focus on responding to overseas infrastructure demand
Natural Disaster Prevention and Mitigation:
Expect the business related to National Resilience to remain robust
Environment
Promote business related to disaster waste disposal plans and asbestos countermeasures
Natural Resources and Energy
Secure sales related to offshore wind power generation and overseas sales related to seabed oil exploration
services© 2019 OYO Corporation, All rights reserved.

27

FY2019 Consolidated Financial Results Forecast• The full-year forecasts for consolidated financial results are as announced
at the beginning of the fiscal year
(Unit: million yen)

OperatingincomeSales
60,00050,00049,5002,000

40,00030,000

1,900

1,093
1,000

0

1,500

500

500

0

0

Full-Year
2Q
Forecast Progress© 2019 OYO Corporation, All rights reserved.

Full-Year
2Q
Forecasts progress

Net Income
1,400

2,300

1,300

1,200
1,000
1,303

800

804

600

1,000

20,00010,000

2,500
2,000

1,500
23,962

Ordinary income

400
200
0
Full-Year
2Q
Forecasts progress

Full-Year
2Q
Forecasts progress28

4-2. Dividend forecast (interim and year-end)
Dividends per Share and Consolidated Payout Ratio
40

38.0

Year-end
35

141.4

120

28.0

28.0

28.0

21.0
10 yen

20
15

32.1

21.9

0

19.8
2013

2014

2015

© 2019 OYO Corporation, All rights reserved.

2016

80
70

interim 14 yen

10

90

56

54.9

2017

2018

110
100

year-end 14 yen

89.1

25

28.0

2019

60
50
40
30
20
10

Consolidated
Payout Ratio
Consolidated Payout Ratio (%)

Payou ratio

Commemorative

Consolidated Dividends per Share (yen)

130

26.0

5

140

Interim

30

Dividend policy

150

30~50%
with the aim forstable dividend
Dividend Forecast for FY 2019
(Per Share)
Interim dividend 14.0 yen
Year-end dividend 14.0 yen
Annual dividend 28.0 yen

029

Thank you for your attention