Goldwin Inc. · TSE:8111

Goldwin — Q1 FY2025 Earnings Presentation

24 slides from Goldwin's earnings presentation, Aug 6, 2024

1. Slide 1: First Quarter of the Fiscal Year Ending March 2025 Financial Results

   Jl , First Quarter of the Fiscal Year Ending March 2025 3< Goldwin Financial Results Presentation Materials August 6, 2024

2. Slide 2: Table of contents

   Table of contents First quarter results for the fiscal year ending March 2025 First half forecast revision for the fiscal year ending March 2025 Full-year forecast for fiscal year ending March 2025 ©2024 Goldwin Inc. YE Goldwin P.3 ~P.11 P.12~P.13 P.14 ~ P.23

3. Slide 3: ©2024 Goldwin Inc.

   ◼ ◼ ◼ ◼ ◼ ◼ ◼ ◼ ©2024 Goldwin Inc. 2

4. Slide 4: First quarter results for the fiscal year ending March 2025

   YE Goldwin |. First quarter results for the fiscal year ending March 2025 ~ Sales remained steady and relocation cost burdens decreased. Headquarters relocation costs (full year) have decreased from the initial forecast of 900 million yen to 500 million yen~ ©2024 Goldwin Inc.

5. Slide 5: ©2024 Goldwin Inc.

   ◼ 23,150 24,601 ◼ （ ） ▲ ◼ ◼ ◼ ◼ ◼ ◼ ©2024 Goldwin Inc. 4

6. Slide 6: ©2024 Goldwin Inc.

   （ ） － （ ） （ ） （ ） （ ） ▲ ▲ ▲ ▲ ©2024 Goldwin Inc. 5

7. Slide 7: Performance Lifestyle Fashion

   （ ） ▲ ▲ （ ） Performance Lifestyle Fashion ©2024 Goldwin Inc. 6

8. Slide 8: Gross Profit Margin Initiatives

   Gross Profit Margin Initiatives Je Goldwin The initial forecast was set at 52.5%. Although progress in the first quarter will be on par with the same period last year, the plan is to make a comeback from the third quarter onwards. 60% -e-Results for FY22.3 -e-Results for FY23.3 -e-Results for FY24.3

9. Slide 9: Inventory and year-on-year sales

   （ ） 25,000 140% Inventory Inventory Year-on-Year Sales Year-on-Year 150% 127% 125% 123% 124% 125% 121% 115% 116% 116% 20,000 115% 113% 120% 109% 109% 110% 103% 106% 94% 110% 113% 109% 87% 89% 87% 94% 109% 88% 104% 15,000 96% 81% 90% 10,000 60% 5,000 30% 16,690 15,152 14,983 17,241 13,568 13,422 13,0

10. Slide 10: Net sales Operating profit margin

    （ ） ◼ Net sales Operating profit margin ◼ ◼ ◼ ◼ ◼ ◼ ©2024 Goldwin Inc. 9

11. Slide 11: ©2024 Goldwin Inc.

    ◼ （ ） （ ） ◼ ◼ ◼ ◼ ©2024 Goldwin Inc. 10

12. Slide 12: Infinitely zero

    （ ） ◼ ◼ ◼ Infinitely zero ◼ ◼ ©2024 Goldwin Inc. 11

13. Slide 13: First half forecast revision for the fiscal year ending March 2025

    YE Goldwin First half forecast revision for the fiscal year ending March 2025 ~ Sales trends are generally in line with the initial forecast Profits revised to increase due to cost reductions after careful review of selling, general and administrative expenses~ ©2024 Goldwin Inc. 12

14. Slide 14: FY21.3 FY22.3 FY23.3 FY24.3 FY25.3E FY21.3 FY22.3 FY23.3 FY24.3 FY25.3E FY21.3 FY22.3 FY23.3 FY24.3

    （ （ ） （ ） （ ） ▲ ▲ ▲ ▲ FY21.3 FY22.3 FY23.3 FY24.3 FY25.3E FY21.3 FY22.3 FY23.3 FY24.3 FY25.3E FY21.3 FY22.3 FY23.3 FY24.3 FY25.3E 13

15. Slide 15: Full-year forecast for fiscal year ending March 2025

    YE Goldwin Ill. Full-year forecast for fiscal year ending March 2025 ~While closely examining the execution of selling, general and administrative expenses, the company will implement measures for THE NORTH FACE and Goldwin brand in line with the medium-term management plan~ ©2024 Goldwin Inc. 14

16. Slide 16: Assumptions for financial results for the fiscal year ending March 2025

    Assumptions for financial results for the fiscal year ending March 2025 Net sales Gross profit margin SG&A Expense Capital investment Korea equity interest Assumptions for financial results for the fiscal year ending March 2025 Disclosed on May 14th Fotrhcoming outlook IE Goldwin Disclosed on August

17. Slide 17: ©2024 Goldwin Inc.

    （ ） － （ ） （ ） （ ） ©2024 Goldwin Inc. 16

18. Slide 18: ©2024 Goldwin Inc.

    （ ） （ ） （ ） （ ） ©2024 Goldwin Inc. 17

19. Slide 19: FY24.3Results FY25.3E

    ＆ ＆ （ ） ▲ ▲ FY24.3Results FY25.3E ©2024 Goldwin Inc. 18

20. Slide 20: Shareholder Return Policy

    Shareholder Return Policy YE Goldwin In order to continue stable dividends while making growth investments and business foundation investments, we have adopted DOE, which is less susceptible to fluctuations in net income. (Million yen) 120,000 mmm Shareholders' equity -e-DOE 8.4% 100,000 LJ 80,000 5

21. Slide 21: Summary

    Summary Je Goldwin Although there was some impact from the subdued demand for camping, sales remained solid, mainly for THE NORTH FACE, due to the tailwind of inbound demand and the provision of functional material products in line with the season. Sales are generally stable and in line with the ini

22. Slide 22: (Reference) Performance trends

    (Reference) Performance trends 1Q (Million yen) YE Goldwin Net sales 17,078 21,099 23,150 24,601 106.3% Gross profit 8,986 11,122 11,710 12,433 106.2% % 52.6% 52.7% 50.6% 50.5% A0.1pt SG&A expenses 7,851 8,855 9,446 10,594 112.2% % 46.0% 42.0% 40.8% 43.1% 2.3pt Operating income 1,135 2,266 2,263 1,8

23. Slide 23: Key analyst inquiries

    Key analyst inquiries Je Goldwin Disclosed performance targets for the first time in a UE Noun RACES renin medium-term management plan, and disclosed initiatives with actual results = Thecompany is implementing a CORE&MORE strategy that applies the technology and product development know- how it has

24. Slide 24: Future information disclosure policy in line with the 5-year medium-term management plan

    Future information disclosure policy in line with the 5-year medium-term management plan Disclosure Cycle Disclosure ~ rc ~ J 20. 40 Apparel and gear sales disclosure f 40 f Disclosure of sales for kids/baby, shoes, etc. ) ( 40 ) [ Disclosure of sales forecast for next fiscal year | f 20, 40 ) [ Sto

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