Komehyo Holdings Co., Ltd. · TSE:2780
Komehyo — H1 FY2021 Earnings Presentation
28 slides from Komehyo's earnings presentation, Nov 13, 2020
Slide 1: Earnings Results Briefing for the First Six Months of the Fiscal Year Ending March 31, 2021
Earnings Results Briefing for the First Six Months of the Fiscal Year Ending March 31, 2021 November 13,2020 Komehyo Holdings Co., Ltd. Securities code: 2780 (Second Section, Tokyo and Nagoya Stock Exchanges) Corporate Planning Department IR strategy group Phone +81-52-249-5366
Slide 2: FY 2020 2Q Financial Summary
FY 2020 2Q Financial Summary 【Performance Highlights】 After hitting bottom in 1Q, results showed signs of recovering in 2Q Consolidated FY2021 1H YoY KOMEHYO FY2021 1H YoY (Millions of yen) (Millions of yen) Net sales 20,819 75.1％ Net sales 14,741 59.3％ Operating Operating loss △956 － △563 － loss Ne
Slide 3: Economic Trend
Economic Trend Despite the impact of the Novel coronavirus, KOMEHYO sales are recovering Net sales YoY Stock Price Department store(fine arts/jewelry/precious metals) (%) （yen） 250 KOMEHYO net sales(non-consolidated) Nikkei Stock Average(monthly closing price) The Novel coronavirus Infectious diseas
Slide 4: Overview of Income Statement (Consolidated)
Overview of Income Statement （ Consolidated ） FY2021 FY2021 FY2021 (Millions of yen) YoY YoY YoY 1Q 2Q 1H Net sales 7,861 63.2％ 12,957 84.7％ 20,819 75.1％ Gross profit 1,888 55.2％ 3,385 92.2％ 5,273 74.3％ Gross profit 24.0％ △3.5pt 26.1％ ＋2.1pt 25.3％ △0.3pt margin SG&A 2,748 82.6％ 3,481 101.0% 6,229 91
Slide 5: Overview of Income Statement (KOMEHYO)
Overview of Income Statement （ KOMEHYO ） FY2021 FY2021 FY2021 (Millions of yen) YoY YoY YoY 1Q 2Q 1H Net sales 5,321 47.9％ 9,420 68.5％ 14,741 59.3％ Gross profit 1,192 40.7％ 2,365 76.2％ 3,558 59.0％ Gross profit 22.4％ △4.0pt 25.1％ ＋2.5pt 24.1％ △0.2pt margin SG&A 1,790 64.2％ 2,331 80.8％ 4,121 72.6％ exp
Slide 6: Trends in sales by sales channel
Trends in sales by sales channel （ KOMEHYO ） After hitting bottom in 1Q, results showed signs of recovering in 2Q Retail Corporate sales （百万円） 13,731 12,266 11,080 11,133 6,084 9,398 5,434 4,609 5,615 4,508 5,302 7,647 2,703 6,470 6,832 5,517 4,890 2,599 FY2020-1Q FY2020-2Q FY2020-3Q FY2020-4Q FY202
Slide 7: Gross Merchandise Value
Gross Merchandise Value （ Consolidated ） Expected recovery from the second half Gross Merchandise Value (100 millions of yen) 37,000 (Schedule) 40,778 36,420 31,926 32,962 27,638 FY2019 1H FY2019 2H FY2020 1H FY2020 2H FY2021 1H FY2021 2H GMV is calculated simply by adding and subtracting sales and
Slide 8: Operating income increase and decrease factor
Operating income increase and decrease factor （ Consolidated ） The company was forced to temporarily close stores and operated at a loss due to a decline in net sales. (Millions of yen) Operating income （△1,274） 317 Increase in personnel expenses due to △ 956 business expansion △233 Increase in Gene
Slide 9: Extraordinary income/Extraordinary loss
Extraordinary income/Extraordinary loss （ Consolidated ） Rent and personnel expenses incurred during temporary store shutdown recorded as extraordinary expenses (Millions of yen) 1Q ２Q 93 Subsidy income 210 2Q Subsidy income 84 １Q 210 Others 8 Extraordinary income 303 Extraordinary loss △649 1Q 1Q △
Slide 10: Overview of Balance Sheet
Overview of Balance Sheet Cash in reserves secured through borrowing to combat the novel coronavirus pandemic Consolidated KOMEHYO (Millions of yen) Liabilities and Assets Liabilities and Net Assets Liabilities and Assets 38,495 38,495 Net Assets Assets Net Assets 35,611 Liabilities and Cash and 35,
Slide 11: Statement of Cash Flows
Statement of Cash Flows （ Consolidated ） Measures such as product control resulted in a positive cash flow from operating activities Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents (Millions of yen) 12,423 7,330
Slide 12: By Segment
By Segment FY2021 FY2021 FY2021 (Millions of yen) YoY YoY YoY 1Q 2Q 1H Net sales 7,137 61.0％ 12,159 84.2％ 19,296 73.8％ Fashion Brand Operating △823 － △46 － △870 － Loss(△) Net sales 711 99.3％ 780 94.6％ 1,491 96.8％ Tire and Wheel Operating △33 － △47 － △80 － Loss(△) Net sales 16 66.9％ 19 86.4％ 36 76.3％
Slide 13: Purchase from individual customers
Purchase from individual customers （ KOMEHYO ） During H1, five purchase centers were opened and purchasing events were held at 30 sites （百万円） Purchase center Home delivery Purchasing Reduced due to temporary store 260 264 238 shutdown 247 160 5,818 6,213 6,357 229 4,774 4,462 1,690 FY2020 1Q FY2020
Slide 14: New store (KOMEHYO)
New store （ KOMEHYO ） A three-store system in the proximity of Shinjuku Station was completed, enhancing convenience for customers 【KOMEHYO SHINJUKU WOMEN ’20.6】 13
Slide 15: Store Type (KOMEHYO)
Store Type （ KOMEHYO ） 40 stores Large-scale Nagoya Store，Meieki Store, 5 stores Ginza Store，Umeda Store, SHINJUKU Sale and purchase * Sales/Purchase Ladies casual clothing, Bags, small items, etc. Jewelry, precious metals, watches,bags,clothing,etc. 5stores Mid-scale Opening stores in large major c
Slide 16: Store Type (K-BRAND OFF)
Store Type（K-BRAND OFF） Domestic :7 directly managed stores, 2 FC stores Hong Kong:7 directly managed stores Thailand :1 FC store Taiwan :3 directly managed store Total 20 Stores (‘20.9) 15
Slide 17: Enhancement of OMO (KOMEHYO)
Enhancement of OMO （ KOMEHYO ） Renewal of EC site: Contact center improvements for the "new normal" (百万円) 2,338 KOMEHYO website Back orders Others 1,906 2,006 1,765 343 1,817 354 1,253 415 327 355 1,497 284 1,073 998 1,059 1,063 496 373 496 478 462 472 531 FY2020 1Q FY2020 2Q FY2020 3Q FY2020 4Q FY2
Slide 18: AI Authenticator
AI Authenticator "Authentication check" and "date code check" functions currently being tested at Nagoya main branch 【Assessment using AI authenticator】 【Purpose of development】 Formation of reuse market which customers can use with peace of mind ・Improvement of communication with customers ・Elimina
Slide 19: Overseas expansion
Overseas expansion (KOMEHYO SHANG-HAI・SAHA KOMEHYO) Acceleration of global expansion through store openings in Shanghai, China and Thailand 【’20.9 KOMEHYO Shanghai Opend】 【’20.10 KOMEHYO@Central Bangna Opened】 ※KOMEHYO Shanghai to be opened for limited one-year period only 18
Slide 20: Auction (KOMEHYO Auction・K-BRAND OFF)
Auction （KOMEHYO Auction・K-BRAND OFF） Switch to online bidding auction from May （KOMEHYO Auction) Trade volume Number of registered members (Millions of yen) YoY (Two companies total) (total for each auction) FY2021 2Q 10,304 78.4％ 2,743 【Transition of auction distribution amount for domestic corpor
Slide 21: Store Type (Craft・AUTO Parts Japan)
Store Type （ Craft・AUTO Parts Japan） 【New Tire and Wheel】 【Reuse Tire and Wheel】 ７ Stores 10 Stores 4x4, SUV specialty store ４Stores※ European compact car specialty store １Store※ ※Located in a craft store 20
Slide 22: Initiatives (Craft・Four by four Engineering Services)
Initiatives （Craft・Four by four Engineering Services） 【Establishment of call center at CRAFT Co., Ltd.】 【Launched mesh design wheel "Air / G Rocks"】 ・Veteran staff solve customer problems over the phone Four by four Engineering Services Co.,Ltd. ・ Staff in the store have fewer telephone calls to (Es
Slide 23: Plan for the Fiscal Year Ending March 31, 2021
Plan for the Fiscal Year Ending March 31, 2021 （ Consolidated ） Return to profitability in 2H through improvement in net sales and gross profit margin FY2021 1H FY2021 2H FY2021 (Millions of yen) FY2020 Change(2H) YoY (results) (plan) (plan) Net sales 57,510 20,819 28,180 △1,600 49,000 85.2% Gross p
Slide 24: Shareholder return
Shareholder return Dividend changes Dividends (Yen) Dividend payout ratio(%) 40 Fiscal year-end dividend 100 Interim dividend 90 35 Payout ratio 80 30 70 25 60 (Schedule) 20 50 15 40 8 30 10 20 5 10 8 0 0 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 23
Slide 25: Corporate Profile
Corporate Profile Company name Komehyo Holdings Co., Ltd. Established May 1979 ※Transition to holding company system in October 2020 Head Office 3-25-31 Osu, Naka-ku, Nagoya Representative President, Representative Director: Takuji Ishihara Capital 1,803 million yen No. of Consolidated: 956 KOMEHYO:
Slide 26: Corporate History
Corporate History ●Opened Umeda Store, Shinjyuku Store ANNEX,Meieki Store ●Acquired Eve Corporation Co.,Ltd. ●Established Auto Parts KOMEHYO KK (currently AUTO PARTS JAPAN) ●Established KOMEHYO HONG KONG LIMITED ●Acquired CRAFT Co., Ltd. ●Established Product Center ●Established KOMEHYO Auction ●Open
Slide 27: Business system diagram
Business system diagram General customers, etc. Used and new product dealers, etc. Manufacturer, etc. Purchase by buying Purchasing and brokering Purchasing new Sale used and new products Sale used goods products 【KOMEHYO HOLDINGS GROUP】 Komehyo Holdings Brand・Fashion business Co.,Ltd. Tire and Whee
Slide 28: IR contact
IR contact Corporate Planning Department IR strategy group Phone：+81-52-249-5366 E-mail：ir@komehyo.co.jp 27