Edion Corporation · TSE:2730
Edion — Q1 FY03/25 Earnings Presentation
21 slides from Edion's earnings presentation, Aug 2, 2024
Slide 1: Analyst Meeting Q1 FY03/25
Analyst Meeting Q1 FY03/25 EDION Corporation August 2, 2024 © EDION Corporation
Slide 2: Agenda
1. Q1 FY03/25 Results 2. FY03/25 Earning Forecast 3. Key Topics © EDION Corporation
Slide 3: 1. Q1 FY03/25 Results
1. Q1 FY03/25 Results © EDION Corporation
Slide 4: Consolidated Statements of Income for Q1 FY03/25
Consolidated Statements of Income for Q1 FY03/25 Q1 FY03/24 Q1 FY03/25 Million yen, % % of Sales Results % of FY2023 % of Sales Results % of FY2024 YoY Change Net Sales 160,941 97.6 174,457 108.4 13,515 Gross Profit 30.13 48,498 95.8 29.96 52,270 107.8 3,771 SG&A Expenses 29.0 46,726 98.3 28.0 48,92
Slide 5: Earnings for Q1 FY03/25
Earnings for Q1 FY03/25 (JPY bn.) ■Impact from change in accounting policy ▼ stay- 80% at-home 197.6 1,800 180.0 ▼ demand Consumpti Net Sales 70% on tax hike 175.3 170.7 169.6 174.4 170.7 165.4 60% JPY174.4bn 1,600 165.0 164.8 160.0 (Before change in accounting policy) 160.9 JPY179.6bn 50% 157.1 40%
Slide 6: Comparison of Orders by Product YoY
Comparison of Orders by Product YoY (orders acquired at POS) （■ ％ of Q1 FY03/24） 120 113.5 114.8 113.0 100 104.6 101.5 99.4 93.6 80 60 Air Washing Mobile Phones TVs Conditioners Refrigerators Machines PCs ELS (by units sold) Apr. 99.7 119.4 100.5 98.3 95.4 108.5 113.5 May 95.7 91.5 96.2 97.4 84.6 11
Slide 7: Analysis of Financial Impact (Gross profit margin and SG&A-to-sales ratio)
Analysis of Financial Impact (Gross profit margin and SG&A-to-sales ratio) Gross Profit Margin （％） ▷ GPM 32 30.71 Q1 FY03/25: JPY52.2bn Change YoY: +JPY3.77bn 30.10 30.10 30.36 30.13 29.72 29.96 ・1st quarter 29.96% in FY03/25; 30.13% in 30 FY03/24 Change YoY:-0.17% 28 26 2018 2019 2020 2021 2022 202
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet （Million yen） End-March End-March End-March End-March End-June 2024 YoY Change End-June 2024 YoY Change 2023 2024 2023 2024 Cash and Cash Equivalents 13,235 12,011 12,627 616 Notes and Accounts Payable- Trade 42,764 43,136 52,410 9,273 Inventories-Merchandise and Products
Slide 9: Inventory Status
Inventory Status (JPY bn.) 138.0 1.1 -0.2 -1.2 136.4 -0.2 0.0 ELS -2.1 136.0 Air TVs Refrigerators Condit Washing JPY3.6bn Machines ioners -1.1 Reduction 134.0 PCs 132.8 Approximately -JPY2.5bn Other 132.0 Increase in Major Products 130.0 128.0 126.0 124.0 End-June 2023 End-June 2024 *Figures in the
Slide 10: Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows （Million yen） End-June 2024 End-June 2024 YoY Change Profit Before Income Taxes 1,805 3,545 1,740 Increase (decrease) in Provision △2,749 △2,767 △17 for Bonuses Decrease (increase) in Inventories △20,549 △14,972 5,576 Other 20,753 18,672 △2,081 Subtotal △740 4,4
Slide 11: 2. FY03/25 Earning Forecast
2. FY03/25 Earning Forecast © EDION Corporation
Slide 12: Consolidated Earnings Forecast
Consolidated Earnings Forecast 1H 2H Q1 FY03/25 Million yen, % YoY YoY % of % of YoY Forecast Forecast Forecast Change Change Sales FY2024 Change Net Sales 369,000 104.7 381,000 103.4 750,000 104.0 28,914 Gross Profit 110,700 103.9 108,100 104.9 29.17 218,800 104.4 9,213 SG&A Expenses 99,900 104.3 9
Slide 13: Store Openings, Relocations, and Closings
Store Openings, Relocations, and Closings (Actual and Planned) Relocations End-of-Period (stores) New Openings and Closures YoY Change Store Count Renovations FY03/24 Results Full-year 9 6 5 +4 454 Plan Full-year 7 1 - - - FY03/25 Results Q1 FY03/25 4 - 1 +3 457 EDION Group 1,205 stores As of end-Ju
Slide 14: 3. Key Topics
3. Key Topics © EDION Corporation
Slide 15: Expansion of Logistics Service Area
Expansion of Logistics Service Area EDION's High-Quality Services, Installation, and Construction Are Now Available Nationwide Depot completed (April, Niigata) Depot completed (April, Yamanashi) We are working to strengthen our menu of air conditioning cleaning services Aiming to be Japan's No. 1 bu
Slide 16: EDION PB Brand Introduction
EDION PB Brand Introduction EDION's Private Brand Product that Meets Customer Needs from Various Angles Electric fan Circulator Freezer Released on May 1, 2024 Released on April 26, 2024 Released on June 18, 2024 11 © EDION Corporation
Slide 17: Inbound Sales Growth
Inbound Sales Growth Rate ( QoQ ) 303% Sales Are Strong Mainly at Urban Stores Sales from tourists visiting Japan are on a recovery EDION NAMBA MAIN STORE (Osaka prefecture) trend due to the weak yen 12 © EDION Corporation
Slide 18: Add New Credit Card with Sumitomo Mitsui Card
Add New Credit Card EDION strengthens collaboration with Sumitomo Mitsui Card Co., Ltd. Card brands with more features will be available in addition to your existing credit cards + ・Skimming risk reduction ・Compatible with touch payment ・Point redemption on designated services 13 © EDION Corporation
Slide 19: Strengthening of Sustainability Management
Strengthening of Sustainability Management 1 Initiatives Targeting a Sound Material-Cycle Society In pursuit of a sound material-cycle society, we actively ensure proper disposal of home electronics products covered by the Act on Recycling of Specified Home Appliances, as well as the recycling of sm
Slide 20: Dividends and Share Prices
Dividends and Share Prices While striving to improve capital efficiency, as Interim dividend measured through ROIC growth, we will focus 60 Year-end dividend on maintaining a sound and stable balance Commemorative dividend 50.0% sheet. 50 39.2% 43.0% Payout ratio 1. Dividend Policy ¥5 EDION recogniz
Slide 21: Disclaimer
Disclaimer The financial forecasts and other forward-looking statements in these materials are based on judgment made under normally foreseeable conditions, in accordance with information reasonably available to the Company as of the date these materials were produced. The forward-looking statements