Komehyo Holdings Co., Ltd. · TSE:2780
Komehyo — Q1 FY2020 Earnings Presentation
22 slides from Komehyo's earnings presentation, Aug 13, 2019
Slide 1: Earnings Results Briefing for the First Quarter of the Fiscal Year Ending March 31, 2020
Earnings Results Briefing for the First Quarter of the Fiscal Year Ending March 31, 2020 August 13,2019 KOMEHYO Co., Ltd. Securities code: 2780 (Second Section, Tokyo and Nagoya Stock Exchanges) Corporate Planning Department IR strategy group Phone +81-52-249-5366
Slide 2: FY 2020 1Q Financial Summary
FY 2020 1Q Financial Summary 【Performance Highlights】 Net Sales (Consolidated) YoY110.4％ Both are making Amount of purchase from individual customers good progress (Non-consolidated) YoY116.9％ ※ reference Full-year consolidated sales plan YoY110.7％ 【Business Topics】 Brand・Fashion business Tire and W
Slide 3: Economic Trend
Economic Trend The economic environment remains on a moderate recovery Net sales YoY Stock Price Department store(fine arts/jewelry/precious metals) (%) （yen） KOMEHYO net sales(non-consolidated) 140 Nikkei Stock Average(monthly closing price) 24,000 130 120 19,000 110 100 100 FY2020 1Q 90 14,000 '18
Slide 4: Overview of Income Statement
Overview of Income Statement Consolidated (Millions of yen) FY2018 1Q FY2019 1Q FY2020 1Q Change YoY Net sales 9,849 11,271 12,439 ＋1,167 110.4％ Gross profit 2,940 3,224 3,421 ＋196 106.1％ Gross profit 29.9% 28.6％ 27.5％ △1.1pt － margin SG&A 2,767 2,894 3,328 ＋434 115.0％ expenses Operating 173 329 92
Slide 5: Operating income increase and decrease factor (Consolidated)
Operating income increase and decrease factor（ Consolidated ） Decrease in operating income due to increased expenses such as Rent and Personal expenses 700 (Millions of yen) Gross profit margin 600 decreased Sales amount (△1.1pt) △137 500 increase ＋333 400 S,G&A Expenses Increase 300 329 △434 Admini
Slide 6: Overview of Balance Sheet (Consolidated)
Overview of Balance Sheet (Consolidated) Increase in Total assets by opening new stores and subsidiary Shellman Total assets Total assets Liabilities and Net Assets Liabilities and Net Assets 27,931 31,916 27,931 31,916 (Millions of yen) Cash and deposits Current Liabilities Cash and deposits Curren
Slide 7: By Segment
By Segment (Millions of yen) FY2018 1Q FY2019 1Q FY2020 1Q Change YoY Net sales 8,827 10,374 11,701 1,326 112.8％ Fashion Brand Operating 157 343 184 △158 53.8％ income Operating 1.8％ 3.3％ 1.6％ △1.7Pt － margin Net sales 997 879 716 △162 81.5％ Tire and Wheel Operating 1 △23 △95 △72 － income Operating 0
Slide 8: Brand・Fashion purchase
Brand・Fashion purchase Individual purchases remained strong due to purchase events, etc. Amount of purchase from individual customers FY2018 1Q FY2019 1Q FY2020 1Q Change YoY (Millions of yen) Purchase center 4,359 4,949 5,818 ＋868 117.6％ (Includes purchase events) Home delivery Purchasing 210 248 2
Slide 9: Brand・Fashion Events
Brand・Fashion Events Partial amendment of the Secondhand Articles Dealer Act, we went to "Customer's usual location" to make reuse more accessible. Main Event Partners period Komeda Coffee Store ‘19.05.09~05.21 Yokohama Eda store Jaguar Land Rover Tenpaku ‘19.05.23~05.25 MOZO Wonder City ’19.05.25~0
Slide 10: Brand・Fashion New stores
Brand・Fashion New stores Opened a large watch specialty store and purchase specialty store in Kanto area※ 【KOMEHYO Shinjyuku WATCH store ‘19.4】 【Purchase center Shinkoiwa-minamiguchi ‘19.5】 【 Purchase center Gakugeidaigaku-nishiguchi ‘19.7】 ※ Moved the watch section from the Shinjuku store. Convert
Slide 11: Brand・Fashion EC
Brand・Fashion EC Although sales declined, the number of products sold increased due to increased handling of clothing, etc. No. of Net sales (Millions of yen) FY2018 1Q FY2019 1Q FY2020 1Q products sold YoY YoY E-commerce-induced sales 1,453 1,866 1,765 94.6％ 108.3％ E-commerce-induced sales rate(※1)
Slide 12: Brand・Fashion corporate customers
Brand・Fashion corporate customers Auction Trade volume for domestic corporations is expanding trend Trade volume No. of YoY (Millions of yen) member companies 965 FY2020 1Q 6,449 112.0％ ※100companies increased this term 【Transition of auction Trade volume for domestic corporations】 【Auctions are hel
Slide 13: Tire and Wheel New Stores
Tire and Wheel New Stores Opened highly profitable reuse specialty store “U-ICHIBAN” 【Omiya Baipasu store ‘19.4 【Toyohashi store ‘19.5 Convert from craft】 Convert from craft 】 【Yokkaichi store ‘19.5 【Okazaki store ‘19.6 Convert from craft 】 New store】 12
Slide 14: Planned progress rate for the FY 2020 (consolidated)
Planned progress rate for the FY 2020 (consolidated) Net sales have remained steady Consolidated 1Q H1 plan YoY FY2020 plan YoY (Millions of yen) Progress rate Net sales 27,000 115.8% 46.1% 56,400 110.7% Operating 458 93.5％ 20.2％ 1,329 71.4% income Ordinary 427 85.7％ 19.1％ 1,261 69.0% income Net inc
Slide 15: Net Sales Plan (Consolidated)
Net Sales Plan (Consolidated) Generate JPY68 billion on a consolidated in the fiscal year ending March 31, 2022 (Millions of yen) 68,000 62,300 56,400 50,960 45,497 FY2018 results FY2019 results FY2020 plan FY2021 plan FY2022 plan 14
Slide 16: Profit Plan (Consolidated)
Profit Plan (Consolidated) Aim for medium- to long-term growth through strategic investment Operating income Ordinary income Net income attributable to owners of parent (Millions of yen) 2,630 2,630 2,210 2,170 1,860 1,826 1,625 1,610 1,700 1,329 1,261 1,370 1,073 1,009 727 FY2018 results FY2019 res
Slide 17: Shareholder return
Shareholder return Dividend changes Dividends (Yen) Dividend payout ratio (％) 40 Fiscal year-end dividend 100 Interim dividend (Schedule) 90 35 Payout ratio 80 30 16 16 70 25 60 20 50 48.2 40 15 30 10 34.7 20 5 10 16 16 0 0 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018
Slide 18: Corporate Profile
Corporate Profile Company name KOMEHYO Co., Ltd. Established May 1979 Head Office 3-25-31 Osu, Naka-ku, Nagoya Representative President, Representative Director: Takuji Ishihara Capital 1,803 million yen No. of Consolidated: 689 (As of March 2019) employees Buying and selling used and new products i
Slide 19: Store Type
Store Type 28 stores Large-scale Nagoya Store，Meieki Store, 5 stores Ginza Store，Umeda Store, Shinjuku store (including Shinjuku Sale and purchase * ANNEX and Shinjuku WATCH store) Ladies casual clothing, Sales/Purchase Bags, small items, etc. Jewelry, precious metals, watches,bags,clothing,etc. 5 s
Slide 20: Group structure ('19.6)
Group structure (‘19.6) KOMEHYO Brand Reuse Business KOMEHYO AUTO Four by four KOMEHYO Eve HONG KONG Shellman Craft Parts Engineering Auction LIMITED Corporation Services B2Bオークション事業 Japan BtoB BtoB Apparel business, Antique watch, Tire･ wheel business Tire･ wheel business Tire・Wheel business Auctio
Slide 21: Corporate History
Corporate History ●Opened Umeda Store, Shinjyuku Store ANNEX,Meieki Store ●Acquired Eve Corporation Co.,Ltd.、 Ark marketing japan Co.,Ltd. ●Established Auto Parts KOMEHYO KK (currently AUTO PARTS JAPAN) ●Established KOMEHYO HONG KONG LIMITED ●Acquired CRAFT Co., Ltd. ●Established Product Center ●Est
Slide 22: Talented person fixation degree
Talented person fixation degree Staff turnover remained low , improving the stability of the work force Turnover The No. of employees（Brand-Fashion) The No. of rate（％） Turnover rate employees 30 General regular workers(except part-time workers)(Ministry of Health,Laver and Welfare) 487 548 500 520 5