Slide 1: Financial Results Briefing for the First Quarter of the Fiscal Year Ending March 2024
Financial Results Briefing for the First Quarter of the Fiscal Year Ending March 2024 Goldwin Inc. (8111) August 3, 2023 Copyright © GOLDWIN INC. All Rights.
Slide 2: Table of contents
Table of contents Ⅰ. First quarter results for the fiscal year P. 2 ～ P. 7 ending March 2024 Ⅱ. Full-year outlook for the fiscal year P. 8 ～ P. 19 ending March 2024 Copyright © GOLDWIN INC. All Rights. 1
Slide 3: I. First quarter results for the fiscal year ending March 2024
I. First quarter results for the fiscal year ending March 2024 The first quarter started in line with the outlook amid the relaxation of behavioral restrictions
Slide 4: Key Message Initiatives to Improve Gross Profit Margin
Key Message Initiatives to Improve Gross Profit Margin After bottoming out in the first quarter, we anticipate a 52% increase in the previous fiscal year by promoting measures to improve the gross profit margin. Cost price ◼ Reduce price fluctuation risk through long-term partnerships with material
Slide 5: Key points of first quarter financial results
Key points of first quarter financial results Although there was a reactionary decline from the increase in demand in the previous fiscal year, sales were generally in line with the forecast. (Million yen) Sales ◼ Record-high sales and profits for the first quarter. 23,150 THE NORTH FACE continued t
Slide 6: First quarter performance summary
First quarter performance summary First quarter results for the fiscal year ending March 2024.(Million yen) Net sale Gross profit Operating income Ordinary income Net income Result 23,150 11,710 2,263 4,172 3,347 Year-on-year 109.7% 105.3% 99.9% 123.9% 128.6% Profit margin on sales 50.6% 9.8% 18.0%
Slide 7: First quarter performance trends by business category
First quarter performance trends by business category Sales by business segment (Million yen) Performance Lifestyle Fashion Result 8,425 13,367 1,359 Year-on-year comparison 106.9% 109.6% 132.5% Year-on-year amount +544 +1,175 +334 Sales composition ratio 36.4% 57.7% 5.9% (Million yen) Performance L
Slide 8: Trends in inventory balance
Trends in inventory balance Sales continue to grow in double digits. In addition, inventories remained within the forecast range. Inventory balance by quarter inventory Year-on-year Inventories Year-on-year change in sales (Million yen) 149% 25,000 140% 150% 126%123% 120%120% 124% 20,000 115% 115%11
Slide 9: II. Full-year outlook for the fiscal year ending March 2024
II. Full-year outlook for the fiscal year ending March 2024 We plan to disclose revised full-year forecasts as necessary after assessing trends in the third quarter, which will have a large contribution to earnings.
Slide 10: Assumptions for full-year earnings forecasts
Assumptions for full-year earnings forecasts YOC sales in South Korea greatly exceeded the initial forecast. Other initiatives progressed within expectations Prerequisite Outlook As of the end of the first quarter Outlook for second quarter and beyond ① Trends in directly With the easing of movement
Slide 11: (No revision) Fiscal year 2024 full-year earnings forecast summary
(No revision) Fiscal year 2024 full-year earnings forecast summary Aiming for long-term growth by achieving net sales of over 120 billion yen and striving to maintain and improve profitability at the same time Forecast for the fiscal year ending March 2024 (Million yen) Net sales Gross profit Ordina
Slide 12: (No revision) Performance forecast by business segment
(No revision) Performance forecast by business segment Sales are expected to increase in all business segments. In anticipation of a full-fledged recovery in inbound demand, we expect a double-digit increase in fashion sales. Sales by business segment (Million yen) Performance Lifestyle Fashion Outl
Slide 13: (No revision) Comparison of net sales by business segment with the previous fiscal year
(No revision) Comparison of net sales by business segment with the previous fiscal year Recovery in consumer spending due to relaxation of behavioral restrictions contributed to all business segments FY2023.3 Results FY2024.3 Outlook (Million yen) (Million yen) 130,000 130,000 Fashion 1,557 120,000
Slide 14: (No revision) Graph of factors for increase/decrease in operating income
(No revision) Graph of factors for increase/decrease in operating income Increased SG&A expenses are expected to be absorbed by all sales channels (directly managed stores, wholesale, and e-commerce sales), and profit is expected to increase year-on-year Operating income outlook (Million yen) 30,000
Slide 15: Strengthening initiatives for original brands
Strengthening initiatives for original brands Expanding presence of original brands such as “Goldwin” and “NEUTRALWORKS.” ◼ At Goldwin, fashion lines such as ◼ NEUTRALWORKS. will hold a well- ◼ "and per se" will release a new label “Goldwin 0” have gained great being event with The Westin Tokyo. “&
Slide 16: Main topics in the first quarter
Main topics in the first quarter CANTERBURY's "Rugby Japan National Team 2023 New Jersey Announcement", "Adopted for JPX Prime 150 Index" CANTERBURY Selected for the JPX Prime 150 Index Improving self-managed 1 sales ratio Sales expansion 2 Improve EC sales ratio Inventory balance 3 control ROE Impr
Slide 17: Summary
Summary First quarter net sales 109.7% year-on-year, maintaining strong trends Despite some reactionary declines from the previous fiscal year in outdoor-related products, etc., sales continued to be strong from the previous fiscal year due to inbound demand. The full-year forecast remains unchanged
Slide 18: Income Statement Summary
Income Statement Summary 1Q (Million yen) FY20.3 FY21.3 FY22.3 FY23.3 FY24.3 Year-on year Net sale 18,074 12,200 17,078 21,099 23,150 109.7% Gross profit 9,531 6,330 8,986 11,122 11,710 105.3% （%） 52.7% 51.9% 52.6% 52.7% 50.6% ▲2.1pt SG&A expenses 7,499 6,770 7,851 8,855 9,446 106.7% （%） 41.5% 55.5%
Slide 19: Main inquiries from analysts
Main inquiries from analysts About the behavior of inbound demand ◼ Inbound visitors accounted for 15% of directly managed stores in the first quarter. About half of the sales from inbound tourists come from South Korea, followed by Taiwan and Hong Kong. Mainland China accounted for more than half o
Slide 20: Corporate data
Corporate data Company name GOLDWIN INC. Tokyo Head Office: 150-8517, Japan 2-20-6 Shoto, Shibuya-ku, Tokyo Location 03-3481-7201 (Representative) Toyama Head Office: Kiyozawa 210, Oyabe-shi, Toyama 932-0112, Japan 0766-61-4800 (Representative) Establishment December 22, 1951 Capital stock 7,079 mil