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Midac HD Research Memo (11): Strengthening efforts towards decarbonization.
Growth Strategy 3. Midac Holdings <6564> not only contributes to environmental conservation of the earth by reducing and neutralizing waste through business activities in waste disposal, but also strengthens its commitment to sustainability management, including efforts towards decarbonization through the establishment of a sustainability promotion committee in April 2022, efforts to improve workplace environment, contribution to local communities and regional revitalization. An example of efforts towards decarbonization is
Middauck HD Research Memo (10): Shareholder returns will continue to be implemented through stable dividends.
2. Growth Strategy of Midac Holdings: Shareholder Benefits Policy. As a basic policy, we aim to continue stable dividends while strengthening our management foundation and financial structure. Regarding internal retained earnings, we intend to effectively utilize them for investments to strengthen our management foundation and further expand our business. Based on this basic policy, the dividend for the fiscal year ending March 2024 is planned to be 8.0 yen (end of period), an increase of 3.0 yen compared to the fiscal year ending March 2023.
Midac HD Research Memo (9): Aiming for 12 billion yen in ordinary profit for the fiscal year ending March 2032 with a long-term vision.
Growth Strategy 1. In April 2022, Midac Holdings <6564> celebrated its 70th anniversary since its founding and formulated the Midac Group 10-year vision 'Challenge 80th' in June of the same year in order to visualize the goal to aim for on its 80th anniversary ten years later, as well as the first medium-term management plan for infrastructure construction stage. And a five-year medium-term management plan towards realizing 'Challenge 80th' for the next stage.
Midac HD Research Memo (5): Sales and operating profit of the waste disposal business are expanding, and the operating profit margin is also on the rise.
Overview of Midac Holdings Co., Ltd. (6564)3. Segment TrendsThe trend of segment-specific revenue, operating profit, and operating margin for the past six periods (fiscal year 2019 to fiscal year 2024) shows that the high-profit waste disposal business accounts for about 90% of both revenue and operating profit in terms of composition ratio. The main waste disposal business is expanding in terms of both revenue and operating profit. Moreover, the operating profit margin is also on an upward trend, rising from 35.5% in fiscal year 2019 to fiscal year 2024.
Midac HD Research Memo (4): A comprehensive processing system featuring collection, transportation, intermediate processing, and final disposal as its characteristics and strengths.
Business Overview 2. Features and Strengths As a feature and strength of Midac Holdings <6564>, while many of its competitors only engage in collection and transportation or intermediate processing, the company group has established a consistent processing system that handles everything from collection and transportation to intermediate and final disposal by having various facilities. The waste generator customers who are customers do not have to worry about improper treatment during the waste treatment process and can safely entrust waste treatment to the company. Furthermore, consistent processing is carried out within the group.
MIDAC HD Research Memo(3): Expanding waste disposal, collection and transportation, and brokerage management businesses.
■ Business Overview 1. Business Overview Midac Holdings <6564> engages in the collection, transportation, and disposal of industrial waste and specially managed industrial waste, as well as collection, transportation, and disposal of general waste. Waste is defined as "something that is no longer needed by the occupier because it cannot be used by themselves or sold to others for a fee (excluding radioactive substances and objects contaminated by such substances)," and is divided into industrial waste and general waste. Industrial waste refers to waste generated by business activities and is regulated by the Waste Disposal Law.
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