Pan Pacific International Holdings Corporation · TSE:7532
Pan Pacific International — FY2020 Earnings Presentation
19 slides from Pan Pacific International's earnings presentation, Aug 12, 2020
Slide 1: Results for FY 2020 Earnings Results
Pan Pacific International Holdings Corporation Results for FY 2020 Earnings Results July 1, 2019 – June 30, 2020 August 12, 2020
Slide 2: FY2020 results at a glance
FY2020 results at a glance PPIH delivered the highest sales and profits ! Increase in sales and profits Double-digit growth Dividend Increase 31 consecutive years 3 consecutive years 17 consecutive years Since 1989 (first store opened), Sales, OP, recurring profit Proper allocation of sales and prof
Slide 3: Annual performance trends
Annual performance trends (JPY bn) (JPY bn) OP / # of stores Sales 800 18000 Sales 4Q 16000 700 3Q 2Q 14000 600 1Q OP 12000 500 # of stores 10000 400 8000 300 6000 200 4000 100 2000 0 0 1989 1995 2000 2005 2010 2015 2020 *PPIH has been renewing sales and operating profit growth record over the past
Slide 4: Earnings summary
Earnings summary Consolidated 12 months to June 2020 12 months to June 2019 *1 (Millions of yen) Actual Share YoY Actual Share Net sales 1,681,947 100.0% 126.6% 1,328,874 100.0% Gross profit 481,689 28.6% 130.0% 370,527 27.9% SG&A 405,692 24.1% 132.0% 307,417 23.1% Salary allowance 144,791 8.6% 129.
Slide 5: Earnings summary (comment)
Earnings summary (comment) In the drastically changing external environment such as a series of unusual weather, the consumption tax hike and the outbreak of Covid-19, PPIH is committed to “Customer matters the most” principle to execute business strategies. PPIH achieved sales and operating profi
Slide 6: Sales breakdown by product category
Sales breakdown by product category Consolidated 12 months to June 2020 12 months to June 2019 (Millions of yen) Actual Share YoY Actual Share Home electrical appliances 86,114 5.1% 107.5% 80,125 6.0% Miscellaneous household goods 241,846 14.4% 104.3% 231,835 17.5% Foods 421,152 25.0% 120.0% 350,897
Slide 7: Sales breakdown by product category
Sales breakdown by product category While beauty appliances were sluggish, home appliances such as air purifiers and Home electrical appliances cooking appliances were good. Needs for daily consumables such as detergents and paper products increased. Miscellaneous household goods Hy gienic products
Slide 8: Balance sheet
Balance sheet (Millions of yen) (Millions of yen) As of June 30, Change from As of June 30, Change from Consolidated 2020 June 30, 2019 Consolidated 2020 June 30, 2019 Total current assets 496,760 355 Total current liabilities 312,227 (29,547) Cash and deposits 179,785 7,112 Accounts payable 148,226
Slide 9: Cash flows and capital expenditure
Cash flows and capital expenditure (Millions of yen) Consolidated Cash Flows 12 months to June 12 months to June Change 2020 2019 Cash and equivalents at beginning of period 185,136 75,883 109,253 Cash flows from operating activities 65,135 101,978 (36,843) Cash flows from investing activities (33,4
Slide 10: Sales and profit by business
Sales and profit by business Sales, profit and loss by segment from July 1, 2019, to June 30, 2020 (Millions of yen) Consolidated Discount store GMS Tenant leasing Others Total Adjusted Consolidated Sales to external customers 1,117,507 491,621 58,229 14,590 1,681,947 － 1,681,947 Internal sales or t
Slide 11: Sales and profit by company
Sales and profit by company Sales, profit and loss by segment from July 1, 2019, to June 30, 2020 (Millions of yen) Consolidated DQ Nagasakiya UD retail UNY Overseas JAM UCS Consolidated Sales 704,047 193,563 109,200 521,944 115,127 22,534 19,943 1,681,947 Operating profit 22,214 6,225 (5,322) 28,15
Slide 12: The number of stores
The number of stores Breakdown by format (stores) FY2018 FY2019 FY2020 Don Quijote 209 212 225 MEGA 43 44 44 New MEGA 80 88 91 MEGA DQ UNY - 16 41 (Conversion Store) Apita / Piago - 176 150 Picasso 27 25 26 mini Piago - 73 0 *1 Doit 18 15 0 *2 Nagasakiya etc. 2 2 3 Total stores in Japan 379 651 580
Slide 13: The number of stores
The number of stores (stores) Breakdown by company FY2018 FY2019 FY2020 Don Quijote Co., Ltd. 313 322 339 (DQ,New MEGA and small format) Nagasakiya Co., Ltd. (MEGA) 43 44 44 UD Retail Co., Ltd. ― 16 41 (MEGA UNY;conversion store from UNY) UNY Co., Ltd. (Apita, Piago) ― 176 150 Lirack Co., Ltd. (Kyo-
Slide 14: Same-store sales (Don Quijote Co., Ltd.)
Same-store sales (Don Quijote Co., Ltd.) 110% Same Store Sales Same Store Sales (Excluding 105% inbound) 100% Spending Traffic 95% 90% Jun. Dec. Jun. Dec. Jun. 2018 2018 2019 2019 2020 Mar. Jan. DQ Existing Stores Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Feb. Mar. Apr. May Jun. Jul. 2019 2020 Sal
Slide 15: Same-store sales (UNY Co., Ltd.)
Same-store sales (UNY Co., Ltd.) 110 （%） UNY adjusted * UNY Non-adjusted * 105 UNY SSS 100 95 GMS A SSS GMS B SSS 90 Jun. 2018 Dec. 2018 Jun. 2020 Dec. 2019 Jun. 2020 Mar. Jan. DQ Existing Stores Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Feb. Mar. Apr. May Jun. Jul. 2019 2020 Sales 102.1 98.4 101.
Slide 16: Earnings summary for Q4
Earnings summary for Q4 3 months to June 2020 3 months to June 2019 *1 Consolidated (Millions of yen) Actual Share YoY Actual Share Net sales 416,188 100.0% 101.5% 409,884 100.0% Gross profit 117,046 28.1% 98.8% 118,410 28.9% SG&A 101,468 24.4% 99.8% 101,712 24.8% Salary allowance 36,631 8.8% 101.8%
Slide 17: Sales breakdown by product category for Q4
Sales breakdown by product category for Q4 Consolidated 3 months to June 2020 3 months to June 2019 (Millions of yen) Actual Share YoY Actual Share Home electrical appliances 21,905 5.3% 120.1% 18,239 4.4% Miscellaneous household goods 59,851 14.4% 100.3% 59,672 14.6% Foods 113,127 27.2% 121.3% 93,2
Slide 18: Forecast for FY June 2021
Forecast for FY June 2021 FY2021 Full Year Revised Forecast FY2021 1H Forecast Consolidated (Millions of yen) Plan Share YoY Plan Share YoY Net sales 1,700,000 100.0% 101.1% 846,000 100.0% 98.5% Gross profit 492,000 28.9% 102.1% 245,500 29.0% 99.1% SG&A 415,000 24.4% 102.3% 205,500 24.3% 101.4% Oper
Slide 19: Pan Pacific International Holdings
Pan Pacific International Holdings
Pan Pacific International Holdings — FY2020 Earnings Presentation on 6ix