Consolidated Results Consolidated Results Fiscal Year 2009 Fiscal Year 2009 Prestige International Inc. Osaka Securities Exchange Hercules ・ Growth: 4290 May 15, 2009 May 15, 2009 (for the period Apr. 1, 2008 (for the period Apr. 1, 2008 - - Mar. 31, 2009) Mar. 31, 2009)
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Consolidated Results Fiscal Year 2009 - Prestige In · Consolidated Results Fiscal Year 2009 Prestige International Inc. Osaka Securities Exchange Hercules ・Growth:4290 May 15,
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Consolidated ResultsConsolidated Results
Fiscal Year 2009Fiscal Year 2009
Prestige International Inc.
Osaka Securities Exchange Hercules ・ Growth: 4290
May 15, 2009May 15, 2009
(for the period Apr. 1, 2008 (for the period Apr. 1, 2008 -- Mar. 31, 2009)Mar. 31, 2009)
This presentation may provide projections or This presentation may provide projections or forwardforward--looking statements regarding future looking statements regarding future conditions, events or performance.conditions, events or performance.The Company wishes to caution you that such The Company wishes to caution you that such statements are just predictions and the actual statements are just predictions and the actual events or results may differ materially due to events or results may differ materially due to changes in business conditions.changes in business conditions.
Sales decline for Insurance Sales decline for Insurance Assistance Segment due to the Assistance Segment due to the higher yenhigher yen
((yoyyoy : 5.2: 5.2%% decreasedecrease))
Sales in CRM Segment declined Sales in CRM Segment declined because of the contraction and because of the contraction and termination of assigned operationstermination of assigned operations
Income rose in Automotive Income rose in Automotive Assistance and Financial Services Assistance and Financial Services Segments, reflecting higher salesSegments, reflecting higher sales
Income climbed in CRM Segment due Income climbed in CRM Segment due to an improvement in profitabilityto an improvement in profitability
((yoyyoy: 101.4% increase): 101.4% increase)
Income fell in Insurance Assistance Income fell in Insurance Assistance Segment as a result of a decline in Segment as a result of a decline in salessales
Sales grew for road service to Sales grew for road service to nonnon--life insurance companies life insurance companies thanks to newly assigned thanks to newly assigned operations and an upward trend in operations and an upward trend in service use, etc.service use, etc.
Sales rose only slightly for road Sales rose only slightly for road and extended warranty services to and extended warranty services to manufacturers, reflecting a fall in manufacturers, reflecting a fall in the number of cars sold.the number of cars sold.
Prior investment charges, including purchases of vehicles, occurred at road service subsidiaries.
As a result, both sales and income increased with factors reducing profitability more than offset by rises in the existing assigned operations and other factors.
The strong performance of operations assigned from small-amount, short-term insurance companies contributed to sales.
The number of cases handled in the insurance claim business and healthcare program rose slightly. However, income declined with the appreciation of the yen.
Operating income declined, attributable to a fall in sales in highly profitable operations.
FY 2008FY 2008 1Q1Q 2Q2Q 3Q3Q 4Q4Q TotalTotal
SalesSales 612612 568568 580580 543543 2,3042,304
Operating IncomeOperating Income 187187 117117 156156 202202 663663
Domestic sales fell because of the contraction and termination of assigned operations.
Overseas sales remained almost unchanged despite the appreciation of the yen. This reflected an increase in existing assigned operations at the Sydney branch.
Operating income rose, reflecting the bolstering of the cost management system and operational efficiency improvement.
Consequently, sales fell, but income rose.
FY 2008FY 2008 1Q1Q 2Q2Q 3Q3Q 4Q4Q TotalTotal
SalesSales 393393 370370 378378 299299 1,4421,442
Operating IncomeOperating Income 1515 2626 1515 4242 100100
Sales in the issuing of credit cards to Japanese company representatives in the United States rose despite the appreciation of the yen because of an increase in the number of card holders and other reasons.
The number of credit card holders increased in the same business in Hong Kong and China.
Hong Kong: 2,683 people, up 53.3%China: 2,196 people, up 41.4%
An increase in sales in the operations in Japan also contributed to sales.
Margins rose from 22.9% to 26.5%, due to an increase in sales in highly profitable operations.
As a result, both sales and income climbed.
FY 2008FY 2008 1Q1Q 2Q2Q 3Q3Q 4Q4Q TotalTotal
SalesSales 557557 473473 537537 574574 2,1432,143
Operating IncomeOperating Income 137137 103103 145145 104104 491491
Sales rose, reflecting the steady acquisition of new clients.
However, the rise in sales was moderate because of the slow expansion of the number of properties for which the Group is providing services.
Since the sales level is low, the ratio of fixed expenses, including selling and administrative expenses for acquiring new clients, to sales is high. Consequently, an operating loss was posted in this segment.
Newly assigned operations and an Newly assigned operations and an increase in existing assigned increase in existing assigned operations are expected in the operations are expected in the Automotive Assistance Segment.Automotive Assistance Segment.
Sales are expected to decline in the Sales are expected to decline in the Insurance Assistance Segment Insurance Assistance Segment because of an expected fall in the because of an expected fall in the number of Japanese company number of Japanese company representatives.representatives.
Sales in the Financial Services and Sales in the Financial Services and CRM Segments are expected to drop CRM Segments are expected to drop as a result of the downsizing and as a result of the downsizing and termination of operations in Japan.termination of operations in Japan.
Operating IncomeOperating Income (FY2010 forecast)(FY2010 forecast)
::2,3582,358 million yenmillion yen
((yoyyoy: : 1.81.8%% increaseincrease))
Profit is expected to fall in the Profit is expected to fall in the Financial Services and CRM Segments, Financial Services and CRM Segments, reflecting a decline in sales.reflecting a decline in sales.
The Group will reorganize operations in The Group will reorganize operations in the Insurance Assistance Segment to the Insurance Assistance Segment to bolster profitability. With the bolster profitability. With the reorganization, there will be temporary reorganization, there will be temporary expenses.expenses.
Profit will rise in the Automotive Profit will rise in the Automotive Assistance Segment due to an increase Assistance Segment due to an increase in sales.in sales.
As a result of the above, overall As a result of the above, overall operating income will increase slightly.operating income will increase slightly.
Change of the segment in the BPOChange of the segment in the BPO
The acceptance of reports on traffic accidents for insurance comThe acceptance of reports on traffic accidents for insurance companies, panies, which was categorized into Automotive Assistance, is categorizedwhich was categorized into Automotive Assistance, is categorized into into CRM from the fiscal year ending March 31, 2010.CRM from the fiscal year ending March 31, 2010.