H2O Retailing Corporation · TSE:8242
H2O Retailing — Q3 FY2024 Earnings Presentation
15 slides from H2O Retailing's earnings presentation, Feb 2, 2024
Slide 1: 3Q of FY2024 Presentation Materials
3Q of FY2024 Presentation Materials Feb. 2, 2024 H2O RETAILING CORPORATION
Slide 2: Digest of 3Q Results
Digest of 3Q Results ■ 3Q (Apr.-Dec.) Results < Consolidated > • Continued strong performance in Department Store Business led by record-high operating profit, ordinary profit and profit in cumulative 3Q. • All segments increased profit as in 1H. < By segment > • Department Store Continued positive
Slide 3: Topics
Topics I . 3Q Results of FY2024 II . Forecast of FY2024 Copyright © H2O Retailing Corp. All Rights Reserved. 3
Slide 4: I. 3Q Results of FY2024
I. 3Q Results of FY2024 1 . Consolidated Results 2 . Results by Segment 3 . Department Store Business 4 . Supermarket Business 5 . Shopping Center Business 6 . Extraordinary Income and Losses Copyright © H2O Retailing Corp. All Rights Reserved. 4
Slide 5: I-1. Consolidated Results
I-1. Consolidated Results Significant increases in sales and profits driven by Department Store Business, and record highs in operating profit , ordinary profit and profit as of Cumulative 3Q All segments, steady progress against FY2024 forecast, with operating profit exceeding FY2024 forecast as of
Slide 6: I-2. Results by Segment
I-2. Results by Segment All segments increased profits and exceeded FY2024 forecasts. Gross sales Operating profit (Unit: 100 million yen) Amount YoY Amount YoY Department Store 4,247 116.3% 168 +89 Supermarket 3,236 102.6% 72 +27 Shopping Center 244 88.7% 29 +12 (Unit: 100 million yen) H2O non- YoY
Slide 7: I-3. Department Store Business-Performance Overview
I-3. Department Store Business-Performance Overview Urban stores with strong sales of high-end items and inbound sales were performed well. In particular, Hankyu Main Store and Hakata Hankyu exceeded the previous year results and forecast significantly. Despite an increase in sales related expenses,
Slide 8: I-3. Department Store Business-Existing Store Sales (Vs. FY2019)
I-3. Department Store Business-Existing Store Sales (Vs. FY2019) Domestic sales) Strong sales at urban stores and steady sales at suburban stores. All categories exceeded the previous year‘s level, although there was some variation. In addition to high-end items that have continued to strong sales,
Slide 9: I-3. Department Store Business-Inbound Sales
I-3. Department Store Business-Inbound Sales Growth in South Korea, Taiwan, and Hong Kong and recovery in China led to an overall inbound growth of 1.8 times compared to FY2019. Both number of customers and average spend per customer exceeded FY2019 levels. Continued high level of average spend per
Slide 10: I-4. Supermarket Business
I-4. Supermarket Business Price hikes since Oct. 2022 have passed their peak, and although the increase in unit price has slowed down, average spend per customers continues to exceed the previous year’s level. The number of customers was stable and exceeded the previous year's level, and existing st
Slide 11: I-5. Shopping Center Business
I-5. Shopping Center Business Significant profit growth in cumulative 3Q due to growth in Oi Development Business hotels operated by Oi Development continued to maintain a high occupancy rate during 3Q period and and are on pace for record profits. Sales declined at subsidiaries excluding Oi Develop
Slide 12: Extraordinary Income and Losses
Extraordinary Income and Losses Gain on sales of non-current assets (former logistic center of Department Store) recorded during 3Q period Major items Amount Major contents (Unit: 100 million yen) Extraordinary Sale of land (former logistic center of Department Store) income Gain on sale of non-curr
Slide 13: II. Forecast of FY2024
II. Forecast of FY2024 Department Store Business is exceeding forecasts, and forecasts of FY2024 have been revised upward. Sales, operating profit, ordinary profit, and profit are expected to reach record highs, driven by Department Store Business, which continues to perform well. FY2024 1H 2H Vs. M
Slide 14: II. Forecast of FY2024
II. Forecast of FY2024 Revised up Department Store Business from forecast in Nov. Segments other than Department Store Business generally progressed as expected. Gross sales Operating profit Vs. Mid-term Forecast YoY Forecast YoY (Unit: 100 million yen) Plan Department Store 5,653 114.9% 200 +97 +65
Slide 15: The information contained in this material reflects judgments made by H2O Retailing Corporation at
The information contained in this material reflects judgments made by H2O Retailing Corporation at the time of preparing this material, and no guarantees are provided concerning the accuracy of the information. The information is also subject to change without prior notice. The Company and the infor