Pan Pacific International Holdings Corporation · TSE:7532
Pan Pacific International — Q3 FY2023 Earnings Presentation
24 slides from Pan Pacific International's earnings presentation, May 10, 2023
Slide 1: Q3 Results for FY 2023
Q3 Results for FY 2023 May 10, 2023 Pan Pacific International Holdings Corporation
Slide 2: Explanatory notes for these materials
Explanatory notes for these materials 1. The monetary values presented in these materials are rounded off to the nearest full unit. 2. The following abbreviations are used in these materials: Pan Pacific International Holdings (7532) as “PPIH,” Don Quijote Co., Ltd. and its stores as “DQ,” UNY Co.,
Slide 3: INDEX
INDEX Fiscal year ending June 2023 １ Overview of Q3 results 2 Initiatives for Q4 and future growth 3 Appendix 2
Slide 4: Overview of Q3 results
Fiscal year ending June 2023 Overview of Q3 results 3
Slide 5: Financial Results for Q3
Financial Results for Q3 Q3 results showed a significant increase in both sales and operating profit compared to the previous Q3, with sales up 26.0 billion yen and operating profit up 4.8 billion yen. Sales and operating profit continued to achieve a record high for Q3 alone and for the cumulativ
Slide 6: Discount Store Business
Discount Store Business Sales increased by 54.4 billion yen and operating profit FY2023 Q3 Change in Sales increased by 19.0 billion yen from the previous cumulative Q3. Continuing strong performance thanks to increased demand <100 Million Yen> for outings and recovery of inbound travel. SSS conti
Slide 7: Discount Store Business: Progress of various initiatives
Discount Store Business： Progress of various initiatives Strenghthen PB/OEM Tax-free sales PB/OEM continued to grow to 17.0% of total sales in Tax-free sales were stronger than expected due to strong sales cumulative Q3 (+2.9% YoY) as a result of increased media during the Chinese New Year period an
Slide 8: GMS Business
GMS Business Operating profit was in line with the budget following the Q2 FY2023 Q3 Change in Sales due to improved gross profit margin and continued control of SG&A expenses. <100 Million Yen> SSS were 97.1% YoY in Q3 alone(100.5% vs. pre-Covid), partly due to the impact of restrained buying in
Slide 9: Overseas Business
Overseas Business In Q3 (Oct.-Dec.), sales were up, but profits were down, as in FY2023 Q3 Change in Sales Q2. We will continue to resolve issues and strive for profit <100 Million Yen> growth in the next fiscal year and beyond. ■Asia Business Q3 cumulative sales increased YoY (+13.1 billion yen)
Slide 10: Overseas Business: New store/ Refurbishment
Overseas Business：New store/ Refurbishment JONETZ by DON DON DONKI DON DON DONKI Sunway Pyramid（Malaysia） Jewel Changi Airport（SG） （ Opened on November 01, 2022 ） （Opened on December 20, 2022） Opened in the Sunway Pyramid, a huge commercial complex Opened in Jewel, a large-scale commercial facility
Slide 11: Earnings Forecast for FY2023
Earnings Forecast for FY2023 The full-year forecast for operating profit has been revised upward to 97.7 billion yen. Inherit 3.7 billion yen over budget in 1H (assuming 2H is the same as budget) The recurring profit and below were also revised upward, considering the above and the foreign exc
Slide 12: Status of major assets, liabilities and net assets
Status of major assets, liabilities and net assets (Unit: 100 Million yen) (Unit: 100 Million yen) June 2022 March 2023 June 2022 March 2023 Actual Actual Change *2 Actual Actual Change Total Current Liabilities 3,264 3,449 185 Current Assets 4,865 5,160 294 Accounts Payable- Trade 1,529 1,615 86 Ca
Slide 13: Status of cash flows and capital expenditure
Status of cash flows and capital expenditure ▶ Cash Flow Status (Unit: 100 Million yen) FY2022 Q3 FY2023 Q3 ＜ Operating CF：+103.9 bil. yen＞ Actual Actual Change ▶ Positive items: 79.1 billion yen in income before income tax, 31.2 billion yen in depreciation and Balance at Beginning of amortization,
Slide 14: Initiatives for Q4 and future growth
Initiatives for Q4 and future growth 13
Slide 15: Flash report of domestic DS/GMS business in April
Flash report of domestic DS/GMS business in April Domestic retail sales continued to be strong at 105.3% YoY at existing stores, driven by demand for outings mainly on weekends and during long holidays such as spring break and Golden Week. ▶ Year on Year sales of same-store ■ Discount store busine
Slide 16: Overseas Business: Initiatives for future growth
Overseas Business: Initiatives for future growth Asia Business North America Business (1) Profit contribution from new stores (8 stores in this fiscal (1)Hawaii: Start improving operations and GPM year) by absorbing store-opening-related costs Improvement of pricing accuracy and efficiency of In
Slide 17: Appendix
Appendix 16
Slide 18: Q3 information by business
Q3 information by business 【 Q3 Period：January 1, 2023～ March 31, 2023】 (Unit: 100 Million yen) North America DS business GMS business Asia business Others・Adjustments business Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Change Change Change Change Change FY2022 FY2023 FY2022 FY2023 FY2022 FY2023 FY2022 FY2023 FY
Slide 19: Cumulative Q3 results by consolidated businesses
Cumulative Q3 results by consolidated businesses [Period： July 1, 2022 – March 31, 2023] (Unit: 100 Million yen) FY2022 Q3(Cum.) FY 2023 Q3(Cum.) Actual Ratio Actual Ratio YoY Domestic DS Business 7,930 57.9% 8,448 58.0% 106.5% Home electrical appliances 654 4.8% 633 4.3% 96.8% Miscellaneous househo
Slide 20: Breakdown of SG&A
Breakdown of SG&A [Period: January 1, 2023 – March 31, 2023] (Unit: 100 Million yen) 3 months ended Mar 31, 2022 3 months ended Mar 31, 2023 Actual Ratio Actual Ratio YoY SG&A 1,130 25.0% 1,238 25.9% 109.6% Salaries and allowances 439 9.7% 461 9.6% 105.1% Rent 137 3.0% 151 3.1% 109.6% Commission pai
Slide 21: New Store/Renovation
New Store/Renovation Q1 Q2 Q3 Q4 Business Format Full Year Estimates Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Sunny-Side- Arao Yonezawa Kyobashi Beppu Mall Kokura 3 stores (Kumamoto) (Yamagata) (Osaka) （Oita） （Fukuoka） Kyoto Chiba Karasuma Kichijoji Shichijo Port Town （Tokyo） （Chiba） (Kyoto)
Slide 22: Store network
Store network Number of Domestic Retails Stores Number of Overseas Stores FY2023 FY2023 FY2021 FY2022 FY2021 FY2022 Q1 Q2 Q3 Q1 Q2 Q3 Discount store business 444 468 470 476 475 North America Business 65 65 65 65 65 Don Quijote 226 237 238 244 243 California 37 37 37 37 37 *7 Hawaii 28 28 28 28 28 M
Slide 23: IR information
IR information IR inquiries Pan Pacific International Holdings Corporation, IR Department 2-19-10 Aobadai, Meguro-ku, Tokyo, 153-0042 TEL: 03-5725-7588 FAX: 03-5725-7024 e-mail : ir@ppih.co.jp IR Calendar Announcement of Q4 results for the fiscal year ending June 2023 Date of announcement: August 16
Slide 24: 2-19-10 Aobadai, Meguro-ku, Tokyo, 153-0042 TEL: 03-5725-7588 / FAX: 03-5725-7024 / e-mail: ir@ppih.co.jp https://ppi…
2-19-10 Aobadai, Meguro-ku, Tokyo, 153-0042 TEL: 03-5725-7588 / FAX: 03-5725-7024 / e-mail: ir@ppih.co.jp https://ppih.co.jp/
Pan Pacific International Holdings — Q3 FY2023 Earnings Presentation on 6ix