Edion Corporation · TSE:2730

Edion — Q1 FY03/24 Earnings Presentation

19 slides from Edion's earnings presentation, Aug 2, 2023

  1. Slide 1: EDION Corporation Analyst Meeting Q1 FY03/24

    EDION Corporation Analyst Meeting Q1 FY03/24 August 2, 2023 © EDION Corporation

  2. Slide 2: Agenda

    1. Q1 FY03/24 Results 2. FY03/24 Earning Forecast 3. Key Topics © EDION Corporation

  3. Slide 3: 1. Q1 FY03/24 Results

    1. Q1 FY03/24 Results © EDION Corporation

  4. Slide 4: Consolidated Statements of Income

    Consolidated Statements of Income Q1 FY03/23 Q1 FY03/24 Million Yen, % % of Q1 % of Q1 % of Sales Results % of Sales Results YoY Change FY03/22 FY03/23 Net Sales 164,854 99.9 160,941 97.6 △3,912 Gross Profit 30.71 50,634 101.0 30.13 48,498 95.8 △2,136 SG&A Expenses 28.8 47,512 99.7 29.0 46,726 98.3

  5. Slide 5: Results Summary for FY2024 1Q (Three Months to June 2023)

    Results Summary for FY2024 1Q (Three Months to June 2023) Due to the effects of the COVID-19 lockdown in Shanghai, China, it is Consumpti Stay-at-home undeniable that there is a shortage of products, and interest in air （ Billions of Yen ） on tax hike demand conditioners in particular has increased,

  6. Slide 6: Comparison of Orders by Product

    Comparison of Orders by Product （％） Orders Acquired at POS % of Q1 FY03/22 2022年度 % of Q1 FY03/23 2023年度 140 120 130.5 100 123.5 109.0 98.1 80 90.2 95.3 101.7 96.2 92.1 91.1 85.3 89.1 94.4 85.9 60 40 Vs.2018 123.5％ Vs.2019 106.2％ 20 Vs.2020 144.3％ Vs.2021 112.5％ 0 TVs Air Refrigerators Washing PCs Ｅ

  7. Slide 7: Gross profit margin and SG&A-to-sales ratio

    Gross profit margin and SG&A-to-sales ratio 1 Gross Profit Margin 2 SG&A-to-sales ratio （％） （％） 33 35 30.71 31 30.10 30.36 30.13 31.4 29.72 32 28.9 28.8 29.0 29 29 26 26.9 27 23 25 20 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 ▷GPM: 30.13% in 1Q FY03/2024, 30.71% in 1Q FY03/2023, ▷ SG&A expen

  8. Slide 8: Consolidated Balance Sheet and Consolidated Statements of Cash Flows

    Consolidated Balance Sheet and Consolidated Statements of Cash Flows Consolidated Balance Sheet Consolidated Statements of Cash Flows （ Million yen ） （ Million yen ） End-March 2023 End-June 2023 YoY Change End-June 2022 End-June 2023 Cash and cash equivalents 13,235 9,058 △4,177 CFs from Operating A

  9. Slide 9: Inventory Status

    Inventory Status （Billions of Yen） Six major products account for more than 70% of the increased inventory value +203 ELS Other Washing Refrigerators Machines TVs PCs Air Conditio ners End-March 2023 End-June 2023 *Figures in the slide are rounded down to the nearest 100 million yen © EDION Corporat

  10. Slide 10: 2. FY03/24 Earning Forecast

    2. FY03/24 Earning Forecast © EDION Corporation

  11. Slide 11: Consolidated Earnings Forecast

    Consolidated Earnings Forecast 1H 2H FY03/24 Million yen, % Forecast YoY Change Forecast YoY Change % of Sales Forecast % of FY03/23 YoY Change Net Sales 367,000 104.5 378,000 102.3 100.0 745,000 103.3 +24,415 Gross Profit 111,600 104.5 106,750 102.5 29.31 218,350 103.5 +7,473 SG&A Expenses 98,600 1

  12. Slide 12: 1,211 stores

    Store openings, relocations, and closings (actual and planned) Relocations and (stores) New openings Closures YoY Change End-of-Period Store Renovations Count FY03/23 Results Full-year 5 3 4 1 450 Plan Full-year 9 6 - - - FY03/24 1 Results Q1 FY2024 2 4 (non-home 1 451 electronics stores) EDION Grou

  13. Slide 13: 3. Key Topics

    3. Key Topics © EDION Corporation

  14. Slide 14: EDION PB Brand Introduction (e angle)

    EDION PB Brand Introduction （e angle） New Product Born from Customer Feedback Launched in May 2023 © EDION Corporation 13

  15. Slide 15: We Are Working to Enhance Our Menu of Cleaning Services

    Expansion of logistics service business We Are Working to Enhance Our Menu of Cleaning Services Air conditioner cleaning Laundry Tank Cleaning Remove grease stains Removal of water stains in from range hood kitchens and bathrooms, etc. New Services menu Drain cleaning added in April 2023 © EDION Cor

  16. Slide 16: Strengthening of Sustainability Management

    Strengthening of Sustainability Management Intensification of Relevant Initiatives 1 Initiatives Targeting a Sound Material-Cycle Society In pursuit of a sound material-cycle society, we actively ensure proper disposal of home electronics products covered by the Act on Recycling of Specified Home Ap

  17. Slide 17: Strengthening of Sustainability Management

    Strengthening of Sustainability Management ・Installed solar power generation systems at approximately 70 stores and service bases nationwide ・Supporting the realization of a decarbonized society through investment (investment in a carbon neutral fund in 2022) ・Starting in FY2022, we will also promot

  18. Slide 18: Dividends and Share Prices

    Dividends and Share Prices While striving to improve capital efficiency, as measured through ROIC growth, we will focus 中間 Interim 期末 記念 Comme 配当性向 Dividend Year-end on maintaining a sound and stable balance 取り組み強化 70 morative payout ratio 44.0% sheet. 60 30.8% 33.6% 39.0% 30.4% 29.6% 39.2% 37.6% 1.

  19. Slide 19: Disclaimer

    Disclaimer The financial forecasts and other forward-looking statements in these materials are based on judgment made under normally foreseeable conditions, in accordance with information reasonably available to the Company as of the date these materials were produced. The forward-looking statements

EDION — Q1 FY03/24 Earnings Presentation on 6ix