Tsi Holdings Co., Ltd. · TSE:3608
Tsi — Q2 FY2015 Earnings Presentation
12 slides from Tsi's earnings presentation, Oct 20, 2014
Slide 1: Results Briefing: Q2ND Results of 2015 Ending February
Results Briefing: Q2ND(March to May 2014) Results of 2015 Ending February ～Turning Point of Reform to Growth～ 2014.10.20
Slide 2: I. Results Overview
I. Results Overview *The amounts given in this material are rounded down to the nearest million yen. 2 TSI HOLDINGS CO., LTD. All Rights Reserved.
Slide 3: Consolidated Financial Highlights - Profit and Loss
1．Consolidated Financial Highlights -Profit and Loss- Net Sales 86,593 million yen(Y/Y 98.8%), Operating Income 319 million yen(Y/Y Change +1,724 million yen) (Unit: Million Yen) Q2ND Q2ND 2014 Ending Feb. 2015 Ending Feb. Composition Composition Y/Y Plan Results Results Plan Results Y/Y Rate Rate C
Slide 4: Net Sales Overview
2．Net Sales Overview 1 The decrease in revenues from closure of brands and stores was mostly counteracted by the strong business of Top 10 brands （Unit: Million Yen） TOP10 Brands Brands Closure Closure of Low Profitability Revenue Growth Revenue Decrease Stores and Others ＋3,486 ▲3,765 ▲787 Y/Y Chan
Slide 5: Net Sales Overview - Per Brand
2．Net Sales Overview 2 -Per Brand- 8 out of top 10 brands increased their revenue and 5 brands achieved double-digit growth (Unit: Million Yen) Q2ND Q2ND Composition Y/Y BRAND 2014 Ending Feb. 2015 Ending Feb. Rate 1 nano・universe 9,426 11,058 12.8% 117.3% 2 NATURAL BEAUTY BASIC 8,297 8,346 9.6% 100
Slide 6: Net Sales Overview - Domestic Comparable-Store Sales Rate
2．Net Sales Overview 3 -Domestic Comparable-Store Sales Rate- The sales of top 10 brands remained at a higher level compared to that of the whole group Y/Y 2014 Ending Feb. 2015 Ending Feb. TSI ALL: 98.0% TSI ALL: 102.8% TOP10 : 100.3% TOP10 : 106.6% Month 2013 2014 6 TSI HOLDINGS CO., LTD. All Righ
Slide 7: Net Sales Overview - Per Sales Channel
2．Net Sales Overview 4 -Per Sales Channel- E-Commerce business continued to grow at 117.2% Y/Y basis (Unit: Million Yen) Q2ND Q2ND 2014 Ending Feb. 2015 Ending Feb. Composition Composition Y/Y Y/Y Results Results Rate Rate Rate Change Department Store 26,376 30.1% 23,178 26.8% 87.9% -3.3pt Commercia
Slide 8: SG&A Expenses Results
3．SG&A Expenses Results SG&A Expenses continued to decrease and achieved 96.5% Y/Y basis (Unit: Million Yen) Q2ND Q2ND 2014 Ending Feb. 2015 Ending Feb. Composition Composition Y/Y Results Results Y/Y Rate Rate Change Net Sales 87,660 100.0% 86,593 100.0% -1,066 98.8% Gross Profit 44,974 51.3% 45,07
Slide 9: 2015 Ending Feb. - Consolidated Financial Plan
4．2015 Ending Feb. -Consolidated Financial Plan- Q2ND of 2015 Ending Feb. ended lower-than-expected profit but will continue to aim for the original consolidated financial plan (Unit: Million Yen) 1ST Half 2ND Half Throughout the year 2014 2015 2014 2015 2014 2015 Ending Feb. Ending Feb. Y/Y Ending
Slide 10: II. Reference Data
II. Reference Data 10 TSI HOLDINGS CO., LTD. All Rights Reserved.
Slide 11: Outline of the Medium-term Management Plan
Outline of the Medium-term Management Plan “To the Phase of Growth from Reform” 11 TSI HOLDINGS CO., LTD. All Rights Reserved.
Slide 12: Store Distribution
Store Distribution 2012 Ending Feb. 2013 Ending Feb. 2014 Ending Feb. Q2ND 2015 Ending Feb. # of Stores 2,468 2,124 1,795 1,765 Domestic Y/Y Change - -344 -329 -30 # of Stores 226 263 253 231 Overseas Y/Y Change - 37 -10 -22 # of Stores 2,694 2,387 2,048 1,996 Total Y/Y Change - -307 -339 -52 *Numbe