Securities Code: 3166

FY2024 Interim Report（ Financial Results for the Six Months
Ended September 30, 2023）

OCHI Holdings Co., Ltd.

December 4, 2023
Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

Company Overview

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

1

Company Summary
PurposeHistory

To create safe, secure and sustainable society

October, １９５８
June, １９７０
February, １９９６

Company Profile
Representative

Michihiro Ochi

Head Office

3-12-20 Nanotsu, Chuo-ku, Fukuoka 810-0071, Japan

Established

October 1, 2010

Capital

400 million yen

Number of Shares Issued

Established Ochi Holdings Co., Ltd. through stock transfer ofOchi Sangyo Co., Ltd., shifted to a holding company structure
and listed on the Fukuoka Stock Exchange

November, ２０１３

Listed on the Second Section of the Tokyo Stock Exchange

13,610,970

April, ２０２２Wholesale trade

Securities Code

３１６６（Tokyo Standard・Fukuoka）

Stock Abbreviation

ＯＣＨＩＨＤ

Stock Trading Unit

１００

Opened Ochi Shoten in Fukuoka City for the purpose of selling
construction materials such as wood and plywood
Established Ochi Shoten Co., Ltd.
Changed the company name to Ochi Sangyo Co., Ltd.
Listed on the Fukuoka Stock Exchange

October, ２０１０

November, ２０１４

Business Outline

Number of Employees

May, １９５５

July, ２０２２
October, ２０２２

1,514 (as of September 30, 2023)

Changed the market to the First Section of the Tokyo Stock
Exchange
Moved to the Prime Market of the Tokyo Stock Exchange
Acquired All Japan Date Service, Co., Ltd. as a subsidiary,
which conducts diagnosis and investigation of civil engineering
structures
Acquired Hagaya Construction Co., Ltd. as a subsidiary, which
conducts construction and civil engineering business

May, ２０２３

Acquired TRESSA Co., Ltd. as a subsidiary, which conducts
housing construction work and sales of housing materials

October, ２０２３

Moved to the Standard Market of the Tokyo Stock Exchange

Housing materials wholesale ranking（Millions of yen）

Consolidated Financial Resultsfor FY2023
RankingCompany NameNet Sales

Operating
ProfitOperating
Profit Margin

Financial Results
for the first half of FY2024
Net Sales

Operating
ProfitOperating
Profit Margin

１

JK Holdings Co., Ltd.

407,022

9,723

2.4％

191,165

4,133

2.2％

２

Nice Corporation

236,329

5,292

2.2％

102,100

388

0.4％

３

GEOLIVE Group Corporation

182,768

3,462

1.9％

83,295

998

1.2％

4

OCHI Holdings Co., Ltd.

115,613

2,946

2.5％

56,645

1,240

2.2％

5

KUWAZAWA Holdings
Corporation

64,308853

1.3％

32,406448

1.4%

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

Source: Quarterly Financial Results2

Business Segments and Geographical Locations
Construction Materials
Business

Pre-cut Lumber BusinessAir-conditioning, Heating and Cooling,and Household products BusinessEngineering Business

Other

Sales of building materials andhousing equipment

Processing and saleof timber for housing

Sales of air-conditioning, heating
equipment and household andtextile products, etc.

Contract, planning, design,
construction and supervisionof construction work

Sales ofindustrial materials

Operationof Pre-cut plants

Vendor business for massretailers

Construction of non-residential
facilities & civil engineering work

Yodo Ply Co., Ltd.

Matsui Co., Ltd.

Wholesale ofindustrial materials
Taihei Shoko Co., Ltd.

Widespread development ofwholesale businessOchi Sangyo Co., Ltd.

Affiliated companies
Homecore Co., Ltd.
Tosoh Co., Ltd.

Ehime Precut Co., Inc.

Nishinihon Framing Corporation

Other

Terada Co., Ltd.
Sales and installation
work of refrigeration,
air-conditioning andkitchen equipment

Construction work

Building material
dealers, House builders

Taiyo-Sangyo Co., Ltd.

Expanding group networks
from western-Japan to nationwide– 85 bases in total (as of November, 2023)

DS Tokai Co., Ltd.
IMTEC Co., Ltd.
Chouhou Construction Co., Ltd.
Hagaya Construction Co., Ltd.
Structure inspection
All Japan Date Service, Co., Ltd.

Construction Materials BusinessPre-cut Lumber BusinessAir-conditioning, Heating and Cooling,and Household products BusinessEngineering Business

Other

Chubu region 7 bases

Hokkaido＆Tohoku region 15 bases

Kansai region 5 bases
Chugoku region 10 bases
Kanto region 10 bases
Kyushu region 33 bases

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

Shikoku region 5 bases

3Trends in Net Sales and Operating Profit

Consolidated financial results are expanding continuously through M&A（Millions of yen）

■ Consolidated net sales ■ Net sales of Ochi Sangyo Co., Ltd.
■ Consolidated operating profit Ⓐ ■ Operating profit of Ochi Sangyo Co., Ltd. Ⓑ ◆Ⓐ／Ⓑ

6.31
5.46

3.30
2.25

2.48

4.09

3.93
3.04

2.07

2.81

2.38

2.87

1.16

111,875
104,671

91,32378,08490,952
83,46979,253

104,219

101,842

95,02884,525

3,064

73,47360,57449,60450,81752,493

1,185

602

2,172 54,198

1,411

1,402

566

527

428
2012.32013.355,0372014.32015.357,94560,716

1,938

1,934

483

689

812

2016.32017.32018.360,994

1,913

59,536

2,036

59,7052,946
61,02057,602

1,943

1,468

1,051

520
2011.3

115,613666
2019.3

518

475

561

467

2020.32021.32022.32023.3

May 2016 Nishinihon Precut Center Co., Ltd. became a subsidiary Jul. 2021 Marumitsu Toyo Co., Ltd. became a subsidiary
Oct. 2016 Taihei Shoko Co., Ltd. became a subsidiary
Oct. 2021 Terada Co., Ltd. became a subsidiary
Jun. 2013 Business transfer from Soken Limited Company
Jul. 2020 IMTEC Co., Ltd. became a subsidiary
Jul. 2020 Chouhou Construction Co., Ltd. became a subsidiary
Dec. 2014 DS Tokai Co., Ltd. became a subsidiary
Nov. 2015 Sakaguchikenzai Co., Ltd. became a subsidiary
Jul. 2022 All Japan Date Service, Co., Ltd.
Feb. 2018 Marutaki Co., Ltd. became a subsidiarybecame a subsidiary
Apr. 2018 Takemoku Co., Ltd. became a subsidiary
Oct. 2022 Hagaya Construction Co., Ltd.
May 2018 Ehime Precut Co., Inc. became a subsidiarybecame a subsidiary
Aug. 2018 Taiyo-Sangyo Co., Ltd. became a subsidiary
May 2023 TRESSA Co., Ltd. became a subsidiaryJan. 2011 Yodo Ply Co., Ltd. became a subsidiary
Ｍ＆Ａ
History

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

4

Summary of Financial Resultsfor First-Half (1H) of FY 2024

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

5

Financial Highlights
Net sales increased through M&A effects,
but operating profit decreased due to the decline in new housing starts
Net sales

56,645million yen
vs. FY2023 100.6％
vs. Plan
94.4％◼

New construction starts for owner-occupied and built-for-sale detachedhouses from April to September, 2023 decreased by 8.9% year on year◼

0.6% increase year on year. 3.3％ decrease excluding the contributionof M&A◼

Reached the target in ‘Engineering Business’◼

16.9% decrease year on year due to the decline of profits in Construction

Operating profit

1,240million yen
vs. FY2023 83.1％
vs. Plan
93.3％

Materials Business and Pre-cut Lumber Business, and the increase of
selling, general and administrative expenses◼

30.5% decrease year on year, excluding the contribution of M&A◼

Reached the targets in ‘Engineering Business’ and ‘Other’Profit attributable to owners of parent

981million yen◼

vs. FY2023 80.9％
vs. Plan
95.3％

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

Recorded 61 million yen gain on sale of investment securities(148 million yen in the same period of the previous year)

6Statement of Income
Millions of Yen[ ] represent composition figures

Six Months Ended
September 30, 2022

Net Sales
Gross Profit
SG&A Expenses
Operating Profit
Ordinary Profit
Profit attributable toowners of parent

Six Months Ended September 30, 2023
Result56,30756,645[100.0％][100.0％]

7,658

7,882

[13.6％][13.9％]

6,164

6,641

[10.9％][11.7％]

1,493

1,240

[2.7％][2.2％]

1,792

1,532

[3.2％][2.7％]

1,213

981[2.2％][1.7％]

Change Amount
Y on Y

Change %Y on Y338

100.6%

224

102.9%

477

107.7%

▲252

83.1%

▲260

85.5%

▲231

80.9%

Change Amount
Change %(Result vs Plan) (Result vs Plan)

Plan

60,000[100.0％]8,093[13.5％]

6,763[11.3％]

1,330[2.2％]

1,570[2.6％]

1,030[1.7％]▲3,354

94.4%

▲210

97.4%

▲121

98.2%

▲89

93.3%

▲37

97.6%

▲48

95.3%

Major extraordinary income/loss
FY2023 First Half
Gain on sale of investment
securities
Total extraordinary income
Business reorganization costs
Total extraordinary loss

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

FY2024 First Half

Remarks

148

61

150

62

―

5

1

8

Sale of cross-shareholdings

Due to the closure of Onomichi branch of Yodo Ply Co., Ltd.

7

Analysis for Changes in Operating Profit, Year-on-Year Change

Operating profit decreased due to the increase in SG&A expenses,(Millions of yen）
though the decline in gross profit was offset by the contribution of M&A▲252 million yen [▲16.9％]
Contribution of M&A＋205.6

Increasein labor cost

1,493

▲96.4

Decreasein gross profit▲221.2

Increasein freight

Increase in Increase in othertravel expenses SG&A expenses

▲23.5

▲16.2

Increasein entertainment expenses

▲79.2

1,240

▲21.5

※Mainly due to the increase
in benefit expenses
accompanying with the increasein the number of shareholders

Factors forprofit increase

Factors forprofit decrease0

FY2023 1H Results

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

FY2024 1H Results

8Analysis for Changes in Operating Profit vs Plan

Operating profit decreased due to the decline in gross profit,
though SG&A expenses were lower than the plan (Millions of yen)
▲89 million yen [▲6.7％]

1,330

Decreasein labor cost

＋63.9

Decreasein freight＋36.1

Decrease in other
SG&A expenses

Decreasein utilities cost
＋12.1

+38.6

Decreasein provision of allowancefor doubtful accounts

Decreasein gross profit▲237.5Periodic lossof a new company,
TRESSA Co., Ltd.

▲10.3

1,240

＋7.9

Decrease of SG&A expenses＋158.6
Unplanned

Factors forprofit increase

Factors forprofit decrease0

FY2024 1H
Plan

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

FY2024 1H
Results
9

Trends in Net Sales for Each Quarter■ 1st Quarter ■ 2nd Quarter ■ 3rd Quarter ■ 4th Quarter ◆ Operating profit margin（ Millions of yen ）35,00032,28830,00028,55427,429 27,221

25,00030,561
28,43928,74428,54527,86824,76424,80325,51324,75528,697 27,948

26,22024,821

23,01820,0004.0%

15,000

2.4%

3.0%
2.3%

1.6%

2.8%
2.1%

1.4%

1.1% 1.2%

2.2%

1.7%

2.7%

2.7% 2.6%

2.6%
2.2%

1.7%

10,000

5,000

0

1Q

2Q

3Q

4Q

1Q

FY2020

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

2Q

3Q

FY2021

4Q

1Q

2Q

3Q

FY2022

4Q

1Q

2Q

3Q

FY2023

4Q

1Q

2Q

3Q

4Q

FY202410

Trends in Annual Rate Y on Y (nationwide)80

Net sales of Pre-cut Lumber Business decreased due to the continuous
impact of the decline in lumber prices since October, 2022%
New construction starts for owneroccupied houses andbuilt-for-sales houses

Net salesin Construction Materials BusinessNet salesin Pre-cut Lumber Business

60

40

20

0

-20

-40
Oct.20

Apr.21

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

Oct.21

Apr.22

Oct.22
Apr.23※ As for the figures in 2021, excluding the impact of applying revenue
recognition accounting standards

11Profit and Loss by Segment
Millions of yen, Figures in [ ] represent composition ratios
Figures in < > represent operating profit margin of each segment

Six Months Ended September 30, 2023
Six Months Ended
September 30, 2022

Net Sales
Construction Materials
Business
Pre-cut Lumber
Business
Air-conditioning, Heating
and Cooling, and Householdproducts BusinessEngineering Business

Other
Inter-businesscoordination

Operating Profit

Result56,30756,645[100.0％][100.0％]34,48534,403[61.2％][60.7％]

9,763

7,572

[17.3％][13.4％]

8,491

8,695

[15.1％][15.3％]

2,262

4,593

[4.0％][8.1％]

100.6%▲82

99.8%▲2,19177.6%

203102.4%

2,331

203.0%

47

103.1%

1,615[2.9％]

▲262

▲233

28

―

1,493

1,240

[2.7％][2.2％]

▲252

83.1%

▲94

84.5%

▲363

57.1%

▲8

91.8％

251

215.5%

13

129.5%

▲52

―

610

516
<1.5％>

Pre-cut Lumber
Business845

482<8.7％><6.4％>

Air-conditioning, Heating
and Cooling, and Householdproducts Business

98

90<1.2%><1.0%>

Inter-businesscoordination

338

1,567

<1.8％>

Other

Change %Y on Y

[2.8％]

Construction Materials
BusinessEngineering BusinessChange Amount
Y on Y

217469<9.6%><10.2%>

45

59<2.9％><3.7％>▲325▲377

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

ChangeAmountPlan(Result vs Plan

60,000Change %(Result vs Plan)▲3,354

94.4%▲1,955

94.6%▲1,130

87.0%

▲449

95.1%

45

101.0%

▲10

99.4%

▲379

146

―

1,330

▲89

93.3%

▲130

79.9%

▲111

81.2%

▲8

91.0％

168

156.0％

14

131.1%▲21―[100.0％]36,358[60.6％]

8,703[14.5％]

9,144[15.2％]

4,548[7.6％]

1,625[2.7％][2.2％]

646<1.8%>

594<6.8％>

99<1.1%>

301<6.6％>

45<2.8％>▲356

12

Construction Materials BusinessMillions of yen,
Figures in [ ] represent composition ratios

Six Months Ended
September 30,
2022

Net Sales

34,485Gross Profit
Operating Profit

Six Months Ended September 30, 2023
ResultChange Amount
Y on Y

Change %Y on Y

34,403

▲82

99.8％

40

101.1%

▲94

84.5%

3,785

3,826

[11.0％][11.1％]

610

516[1.8％][1.5％]

Plan

Change Amount(Result vs Plan)

Change %(Result vs Plan)

36,358▲1,955

94.6％

3,987

▲161

96.0%

▲130

79.9％

[11.0％]

646[1.8％]

Y on Y Change◼

◼

We focused on expanding sales of products aimed at achieving carbon neutrality, capturing
demand for remodeling/renovation and promoting the introduction of wooden structures andwooden interior decorations to non-housing buildings, while new housing starts for owneroccupied houses and built-for-sale detached houses decreased. Furthermore, in May 2023, we
acquired TRESSA Co., Ltd. and made it a new subsidiary. Thus we secured almost the sameamount of net sales as that of the first half of FY2023.
Gross profit increased by 1.1% year on year. On the other hand, operating profit decreased by
15.5% year on year due to the increase in labor cost and so on.

Result vs Plan◼
◼

Both net sales and operating profit fell short of the targets due to the decrease in the number of
new starts for owner-occupied houses and built-for-sale detached houses.
The profit or loss of TRESSA Co., Ltd. is consolidated from the second quarter of FY2024.
(Ref.: P9)

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

13

M&A in May 2023
TRESSA Co., Ltd.
Business Locations

Construction Materials Business
Trade NameTRESSA Co., Ltd.

Established2004

Capital10 million yen

Number of
Employees

18（as of September, 2023）

Head Office
Northern business office
Oita business office

Head
Office831-5, Kinkaitoneharamachi, Nagasaki City,
Nagasaki 851-3211, Japan・Head Office
B u s i n e s s ・Northern business office
Locations （Arita-cho, Nishimatsuura-gun, Saga)
・Oita business office (Beppu City, Oita)

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

Business
Outline・Housing exterior wall work
・Sealing work
・Sales of construction and housing materials

Net Sales

717 million yen(FY2023 ended July 2023)
14

Pre-cut Lumber BusinessMillions of yen,
Figures in [ ] represent composition ratios

Six Months Ended
September 30,
2022

Net Sales

9,763

Gross Profit
Operating Profit

Six Months Ended September 30, 2023
ChangeAmountY on Y

ResultChange %Y on Y

7,572▲2,191

77.6%

1,800

1,445

[18.4％][19.1％]

▲355

80.3%

▲363

57.1%

845

482

[8.7％][6.4％]

Plan

Change Amount(Result vs Plan)

Change %(Result vs Plan)

8,703▲1,130

87.0％

1,562

▲117

92.5％

▲111

81.2％

[18.0％]

594[6.8％]

Y on Y Change

We made greater efforts to win orders from non-housing projects, including offices,
shops, and other facilities, in addition to detached houses, our mainstay. However, net
sales of this business decreased by 22.4% year on year, due to lower lumber prices aswell as the decline in new construction starts for owner-occupied houses and built-forsale detached houses.
◼ Operating profit decreased by 42.9% year on year, despite the efforts to improve grossprofit rate.
◼ We closed Onomichi branch (formerly Nishinihon Precut Center Co., Ltd.) of Yodo
Ply Co., Ltd. in September 2023, due to the difficulties in expanding production scale.
◼

Result vs Plan◼

Both net sales and operating profit fell short of targets, due to lower lumber prices aswell as the decline in new construction starts.

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

15

Air-conditioning, Heating and Cooling,and Household products BusinessMillions of yen,
Figures in [ ] represent composition ratios

Six Months Ended
September 30,
2022

Net Sales

8,491

Gross Profit

Operating Profit

Six Months Ended September 30, 2023
ChangeAmountY on Y

ResultChange %Y on Y

8,695

203

102.4%

1,330

1,388

[15.7％][16.0％]

57

104.3%

▲8

91.8％

98

90

[1.2%][1.0%]

Plan

Change Amount(Result vs Plan)

Change %(Result vs Plan)

9,144

▲449

95.1％

1,493

▲104

93.0％

▲8

91.0%

[16.3％]

99[1.1％]

Y on Y Change

Net sales increased by 2.4% year on year due to the inclusion of the results
for seven months of Terada Co., Ltd., which has changed its accounting
period.
◼ Operating profit decreased by 8.2% year on year, mainly due to a slightdecline in the profit margin on sales and installation work of freezing
equipment.
◼

Result vs Plan◼

Net sales fell short of the target due to undermined consumer sentimentcaused by rising living costs and so on in vendor business for mass retailers.

◼

Operating profit also fell short of the target.

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

16

Engineering BusinessMillions of yen,
Figures in [ ] represent composition ratios

Six Months Ended
September 30,
2022

Net Sales
Gross Profit
Operating Profit

2,262

Six Months Ended September 30, 2022
ChangeAmountY on Y

ResultChange %Y on Y

4,593

2,331

203.0%

460

194.1%

251

215.5%

489

950[21.6%][20.7%]

217

469[9.6％][10.2％]

Plan

Change Amount
Change %(Result vs Plan) (Result vs Plan)

4,548

45

101.0％

786

164

120.9％

168

156.0％[17.3％]

301[6.6％]

Y on Y Change◼

Net sales increased by 103.0% year on year due to the contribution of All
Japan Data Service, Co., Ltd. and Hagaya Construction Co., Ltd., which both
became our subsidiaries in the previous fiscal year.

◼

Operating profit increased by 115.5% year on year.

Result vs Plan◼

Net sales was almost as planned.

◼

Operating profit achieved the target, due to the gross profit rate exceeding
the plan, even though there are variations among subsidiaries concerning
gross profit rates.

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

17

OtherMillions of yen,
Figures in [ ] represent composition ratios

Six Months Ended
September 30,
2022

Net Sales

1,567

Gross Profit
Operating Profit

Six Months Ended September 30, 2023
ChangeAmountY on Y

ResultChange %Y on Y1,615

47

103.1%

251

272[16.1%][16.9%]

20

108.3%

13

129.5%

45

59[2.9％][3.7％]

Plan

Change Amount
Change %(Result vs Plan) (Result vs Plan)

1,625

▲10

99.4％

265

7

102.8％

14

131.1％[16.3％]

45[2.8％]

Y on Y Change◼

Net sales increased by 3.1% year on year because of an increase in sales of
putty and sealing materials for ships and construction.

◼

Operating profit increased by 29.5% year on year through the improvementof gross profit rate.

Result vs Plan◼

Net sales slightly fell short of the target.

◼

Operating profit achieved the target.

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

18

Balance Sheet
Millions of yen
FY2023As of September 30, 2023

FY2023

ChangeCash and deposits

14,146

14,018▲128

Notes and accounts
receivable - trade23,404

22,183▲1,220

Merchandise

4,460

4,985

Costs onconstruction
contracts in progress

1,662

Other current assets
Allowance for
doubtful accounts

Notes and accounts
payable-trade

As of September 30, 2023
Change30,82330,301▲522

Short-term borrowings

3,837

3,221

▲615

524

Other current liabilities

3,837

3,034

▲802

1,003

▲658

Long-term borrowings

2,017

1,635

▲382

994

993

▲0

Retirement benefit
liability

633

623

▲10

▲24

▲23

1

Other non-current
liabilities

1,825

1,873

48

44,644

43,162▲1,48142,974

40,689▲2,284

Property, plantand equipment

12,822

12,85432

21,15021,813663

Intangible assets

1,616

1,440

▲176

380

531

151

Investments andother assets

5,448

5,606

157

27

28

0

Non-current Assets

19,887

19,901

13

Net Assets

21,557

22,373815

Total Assets

64,531

63,063▲1,468

Total Liabilities and Net
Assets64,531

63,063▲1,468

Capital adequacy ratio

33.4%

35.4％

2.0％

Current Assets

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

Liabilities
Shareholders’ equity
Accumulated othercomprehensive income
Non-controllinginterests

19

Statement of Cash Flows
Millions of yen

Six Months Ended
September 30,

Six Months Ended
September 30,

2022

2023

Major Factors

Cash flows from operating activities

544

1,797

Profit before income taxes＋1,586
Decrease in accounts receivable＋1,288
Decrease in accounts payable▲569
Income taxes paid
▲545

Cash flows from investing activities

▲244

▲348

Purchase of property, plant andequipment

300

1,449

Free cash flow

Cash flows from financing activities

117▲1,582

Net increase(decrease) in cash andcash equivalents

417

▲133

Cash and cash equivalents at
beginning of period

12,15814,004

Cash and cash equivalents at end of
period12,576

13,871

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

▲443

Repayments of long-term borrowings▲822
Decrease in short-term borrowings▲365
Dividends paid
▲354

20

Financial Forecast
for FY2024

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

21

Financial Forecast for FY2024

・We continue to focus on sales in non-housing markets in Construction

Materials Business and Pre-cut Lumber Business, and aim to build up profits inbusinesses other than the two businesses.
Millions of yen,
Figures in [ ] represent composition ratios

FY2024FY2023

1H Result

Net Sales

115,61356,645[100.0％][100.0％]Gross Profit

15,617

7,882[13.5％][13.9％]

SG&A Expenses

12,671

6,641[11.0％][11.7％]

Operating Profit

2,946

1,240

[2.5％][2.2％]

Ordinary Profit
Profit attributable toowners of parent
Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

3,531

1,532

[3.1％][2.7％]

2,484

981[2.1％][1.7％]

Progress Ratio
vs Forecast

FY Forecast

47.2％

120,000

48.9％

16,11049.7％

13,360

45.1％

47.9％

47.9％

[100.0%][13.4%][11.1%]

2,750[2.3%]

3,200[2.7%]

2,050[1.7%]

Progress Ratio
Y on Y103.8%

103.2%

105.4%

93.3%

90.6%

82.5%

22

Full-year Plan by Segment（１）Construction Materials BusinessMillions of yen,
Figures in [ ] represent composition ratios

FY2024
FY 2023Net Sales

Gross Profit
Operating Profit

1H Result

Progress Ratio
vs Forecast

34,403

46.8％

7,750

3,826

[10.9％][11.1％]

47.4％

71,118

1,311

516[1.8％][1.5％]FY Forecast
73,568103.4％

8,075

104.2％[11.0％]

1,365

37.8％

Progress Ratio
Y on Y

[1.9％]

104.1％

Pre-cut Lumber Business
FY2024
FY 2023Net Sales
Gross Profit

Operating Profit

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

1H Result

Progress Ratio
vs Forecast

7,572

43.1％

3,524

1,445

[18.8％][19.1％]

45.7％

18,711

1,578

482[8.4％][6.4％]

39.0％

FY Forecast

Progress Ratio
Y on Y

17,566

93.9％

3,164

89.8％

[18.0％]

1,237[7.0％]

78.4％

23

Full-year Plan by Segment （２）Air-conditioning, Heating and Cooling,and Household products BusinessMillions of yen,
Figures in [ ] represent composition ratios

FY2024
FY 2023Net Sales
Gross Profit
Operating Profit

1H Result

Progress Ratio
vs Forecast

8,695

48.2％

2,674

1,388

[15.5％][16.0％]

48.0％

17,306196

90[1.1％][1.0％]FY Forecast
18,027104.2％

2,890

108.1％[16.0％)

179

50.4％

Progress Ratio
Y on Y

[1.0％]

91.6％

Engineering Business
FY2024
FY 2023Net Sales
Gross Profit
Operating Profit

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

1H Result

Progress Ratio
vs Forecast

4,593

57.3％

1,136

950

[20.1％][20.7％]

65.6％

5,644

356

469

[6.3％][10.2％]

89.1％

FY Forecast

Progress Ratio
Y on Y

8,021

142.1％

1,449

127.6％[18.1％]

527[6.6％]

147.7％

24

Full-year Plan by Segment （３）Millions of yen,
Figures in [ ] represent composition ratios

Other

FY2024
FY 2023Net Sales
Gross Profit
Operating Profit

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

1H Result

Progress Ratio
vs Forecast

1,615

48.8％

535

272

[15.7％][16.9％]

50.8％

3,405

131

59

[3.9％][3.7％]

53.7％

FY Forecast

Progress Ratio
Y on Y

3,312

97.2％

536

100.2％[16.2％]

110[3.3％]

83.5％

25

Shareholder returns

Expecting 13th consecutive year of dividend increase(after taking account of share split)

Year-end DividendInterim-Dividend and Year-end Dividend
1 yen higher than initial forecast respectively
Year-end Dividend
2 yen higher than initial forecast

Interim Dividend

Year-end Dividend
50 yen20 yen higher than initial forecast

Year-end Dividend
3 yen higher thaninitial forecast
Year-end Dividend
1 yen higher than initial forecast
60th Anniversary
Commemorative Dividend

55th Anniversary

Commemorative Dividend

10 yen1

PayoutRatio

9 yen 9 yen

9

9

9

FY2011Fy2012FY2013

Share split

24 yenCommemorative Dividend for
Listing on 1st Section of TSE
Commemorative Dividend for
Listing on 2nd Section of TSE[1: 1.2]

12 yen19 yen 20 yen

14 yen 15 yen

2
5

4
5

5

5

5

5

FY2014FY2015FY2016[1: 1.5][1: 1.5]

5

1
9

10

9

10

FY2017FY201812

20

52 yen2

25

54 yen2

26

30 yen26 yen

3

13

14

12

13

13

FY2019FY2020

FY202115
25

26

FY2023

FY202415
FY2022

Forecast

7.9％ 4.7％ 6.2% 7.3％ 16.9% 17.4% 18.4% 19.6% 22.9% 23.7% 21.8% 18.8% 27.0% 34.0%

Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.

26

【 Company 】

OCHI Holdings Co., Ltd.

【 Address 】

3-12-20 Nanotsu, Chuo-ku, Fukuoka 810-0071. Japan【 Telephone 】 Corporate Planning Department
Finance Department092-732-8959
092-711-9173

Disclaimer Regarding Forward-looking Statements
These presentation materials contain forward-looking statements based on the current assumptions and expectations in light of
the information currently available.
Certain risks, uncertainties and various factors may cause the company’s actual results to differ materially from any projections
presented here.
The Company undertakes no obligation to publicly update any forward-looking statements.
All rights are reserved by OCHI Holdings Co., Ltd. No part of this material may be reproduced or transmitted for any purpose inany form or by any means, electronic or mechanical, without permission.
Copyright (C) 2023 OCHI Holdings Co., Ltd. All Rights Reserved.