Valor Holdings Co., Ltd. · TSE:9956
Valor — Q1 FY2024 Earnings Presentation
16 slides from Valor's earnings presentation, Aug 10, 2023
Slide 1: FY 2024 1Q Financial Presentation
FY 2024 1Q Financial Presentation August 10, 2023 ＜Cautionary Statement Regarding This Document＞ Forward-looking statements are based on the information available to Valor and its consolidated subsidiaries when preparing this presentation. Various factors in the future may cause our actual results t
Slide 2: Key Points of FY24 1Q Financial Results
Key Points of FY24 1Q Financial Results ➢ Summary - We posted a record high operating revenues, continuing on from last year. - In the supermarket business, we opened Omihachiman store in April, and existing store sales grew 2.8% YoY. Tachiya and Yaosen, which opened in the previous fiscal year, als
Slide 3: FY2024 1Q Results
FY2024 1Q Results ➢ Record-high operating revenues. ➢ Gross profit rates improved, and operating income and other incomes also increased. (Yen in millions, except for EPS） FY21 1Q FY22 1Q FY23 1Q FY24/6 * Results Results Results Plan Results vs. Plan Operating 183,002 182,601 186,630 192,000 196,270
Slide 4: Factors of Increase/Decrease in Operating Income
Factors of Increase/Decrease in Operating Income ➢ Gross operating income increased approx. ¥2.9 billion, partly due to improvement in gross profit rates. ➢ Rise in utilities costs is approx. ¥300 million. (Yen in millions） Increase in sales costs Increase in gross Increase operating in labor Increa
Slide 5: Operating Results by Segment
Operating Results by Segment ➢ Supermarkets: Sales and income increased due to new store openings and strong existing store sales ➢ Drugstores: Sales and income increased due to the growth in the dispensing and cosmetics divisions and higher gross profit rates. ➢ Home improvement centers: Sales and
Slide 6: Supermarkets
Supermarkets ➢ Income level of approx. ¥2.3 billion higher than before the COVID-19 pandemic (FY2020 1Q). ➢ Gross profit rates improved from 27.7% to 28.1%. (Yen in 100 millions） SM segment profit 70 Analyses of 1Q results 63.0 (factors of the change from the plan and from the previous year) 60 Oper
Slide 7: Drugstores
Drugstores ➢ Income level of approx. ¥300 million higher than before the COVID-19 pandemic (FY2020 1Q). ➢ Strong existing store sales (+5.9%), capturing demand for pharmaceuticals and cosmetics, despite a slowdown in products related to the shift of COVID- 19 to Class 5. (Yen in 100 millions） DgS se
Slide 8: Home Improvement Centers
Home Improvement Centers ➢ Income level of approx. ¥300 million higher than before the COVID-19 pandemic (FY2020 1Q). ➢ Customers' changes in attitudes and behavior associated with the shift of COVID-19 to Class 5. ➢ Need to take actions due to soaring raw material prices. (Yen in 100 millions） HC s
Slide 9: Sports Clubs
Sports Clubs ➢ Income level of approx. ¥300 million lower than before the COVID-19 pandemic (FY2020 1Q). ➢ Membership increased in 1Q, but product sales slowed down. ➢ Aiming to turn profitable in a single month at an early date. (Yen in 100 millions） SpC segment profit 2 Analyses of 1Q results (fac
Slide 10: Distribution-related business
Distribution-related business ➢ Income level of approx. ５0 million yen lower than before the COVID- 19 pandemic (FY2020/1Q). ➢ Contribution from SHOWAFILM Co., Ltd. and Unidopack Co., Ltd., which became subsidiaries during this period. (Yen in 100 Distribution segment profit millions） 12 Analyses of
Slide 11: Other businesses (Pet shops, Credit card services, etc.)
Other businesses（Pet shops, Credit card services, etc.) ➢ Income level of approx. 200 million yen lower than before the COVID- 19 pandemic (FY2020/1Q). ➢ Including sales promotion expenses for the "Lu Vit Credit Card," which began accepting members in April. (Yen in 100 millions） Other businesses Op
Slide 12: Changes in Management Indicators
Changes in Management Indicators ➢ ROA, ROE, and total asset turnover improved. ➢ Improvement of ROIC is an issue. FY22 1Q FY23 1Q FY24 1Q Results Results Results ROA 7.2% 5.8% 5.9% ROR 4.0% 3.2% 3.2% Total Asset Turnover 1.8 1.8 1.9 ROE 10.6% 8.3% 9.0% ROIC* 6.3% 4.8% 4.7% Equity ratio 36.1% 35.8%
Slide 13: FY2024 Forecast
FY2024 Forecast ➢ In the supermarket business, we aim to further improve profitability by promoting the shift to “Neo Destination Stores*.” *a company that is chosen by society ➢ In the drugstore business, we are working to improve the profitability of stores by attaching dispensing pharmacies and r
Slide 14: Number of Stores and Capital Investment Plan
Number of Stores and Capital Investment Plan ➢ Valor is planning to open new stores in Kansai area in the supermarket business. ➢ Focusing on opening specialty stores in the home improvement center business. FY23 FY24 1Q FY24 Plan （Number of stores） FY end Open Closed FY end Open Closed FY end Super
Slide 15: Disclaimer
Disclaimer • This material is provided for informational purposes only and is not intended as a solicitation to take any action. This material (including performance plans) has been prepared by Valor Holdings based on reliable information currently available, but it contains risks and uncertainties.
Slide 16: https://valorholdings.co.jp/
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