Autobacs Seven Co., Ltd. · TSE:9832
Autobacs Seven — Q1 FY March 2013 Earnings Presentation
17 slides from Autobacs Seven's earnings presentation, Jul 31, 2012
Slide 1: Results for the Three Months ended June 30, 2012
【Reference】 Translation Results for the Three Months ended June 30, 2012 July 31, 2012 AUTOBACS SEVEN CO., LTD.
Slide 2: Q1 FY March 2013 Consolidated P/L
Q1 FY March 2013 Consolidated P/L Sales and Profit declined from last FY. The main reasons were … ・Last year’s strong demand for digital terrestrial TV broadcasting tuner ・ASP decline for car navigation devices ・Last year’s surging tire sales before the price-hike ・Last year’s rising demand for main
Slide 3: Sales Trend: Retail & Wholesale (July 2011 – June 2012)
SALES TREND : RETAIL & WHOLESALE (July 2011 – June 2012) （％） 【YoY change for the last 12 months】 30.0 - Earlier than usual preparation of snow tires at stores Sales Wholesale 25.0 - Increased wholesale for store reforms Positive sales of winter items Reaction to LY’s 20.0 Strong demand for covers su
Slide 4: Sales Ups & Downs by Merchandise (Q1)
Sales Ups & Downs by Merchandise (Q1) 【Same Store Basis】 Sales: - 2.2 % YoY, Number of customers: +2.6% YoY Retail sales ups and downs by merchandise category (Million Yen) (for three months ended June 30 2011, YoY change in amount, total store basis) 1,500 Digital terrestrial TV broadcasting goods:
Slide 5: Retail Sales Including Franchisees
Retail Sales Including Franchisees RETAIL SALES INCLUDING FCs*: 68.5billion yen (-0.5% YoY) (Billion Yen) 80 68.9 68.5 1.0 Second hand goods & Fuel: 0.8BY (-13.9% YoY） 70 0.8 3.4 3.7 3.4 3.8 Statutory safety inspection: 3.7BY (+7.2% YoY) 60 Number of cars inspected： 127,000 cars (+7.5% YoY) Number o
Slide 6: Analysis for Operating Income
Analysis for Operating Income Domestic retail sales Total stores -0.5% / Same store sales -2.2% (YoY) Operating Income YoY Non-consolidated 3,100MY -550MY Sales: -1,660MY（-3.3％） Gross profits: -420MY（GPM: 20.2% - down from LY’s 20.4%） Decline of GPM of tires and car electronics SG&A +130MY Strengthe
Slide 7: Decrease in Consolidation Adjustments
Decrease in Consolidation Adjustments Consolidation Adjustments (Million Yen) Three months ended Three months ended June 30, 2012 June 30, 2011 Operating Income for segment total 2,534 3,835 Inventories (Unearned income of subsidiary inventories, etc.) (271) (436) Depreciation of Goodwill (97) (19)
Slide 8: Performance Breakdown (Three months ended Jun 30, 2012)
Performance Breakdown (Three months ended Jun 30, 2012) Parental company (Non-consolidated) Net Sales -1.68 BY ↑ Car interior items, motor sports goods, oil, batteries Wholesale -3.5% ↓ Tires & wheels, car electronics devices, etc. 48.8 BY -0.0 BY ↑ Car interior items, motor sports goods, services,
Slide 9: Segment Information
Segment Information (Billion yen) Three months ended Three months ended YoY June 30, 2012 June 30, 2011 change Net Sales 48.9 50.5 -3.3% Non-consolidated Ordinary Income 3.1 3.7 -15.1% Domestic store Net Sales 18.5 19.3 -4.2% subsidiaries Ordinary Income (0.7) (0.1) - Net Sales 2.1 2.5 -16.0% Overse
Slide 10: Results of Overseas Operation by Country
Results of Overseas Operation by Country FRANCE CHINA SINGAPORE THAILAND Number of stores at June 30, 2011 11 3 3 4 -including FCs stores- Total store sales -6.1% -27.7% +8.9% +6.7% -including FC stores- Period Q1 FY2013 Q1 FY2012 Q1 FY2013 Q1 FY2012 Q1 FY2013 Q1 FY2012 Q1 FY2013 Q1 FY2012 Net sales
Slide 11: Store Openings and Closings (Plan)
Store Openings and Closings (Plan) < Domestic stores > Fiscal year ending March 31, 2013 No. of No. of No. of stores as Q1 (result) stores as Q2 – Q3 (Plan) stores as of March of June 30, of March 31, 2012 New S/B・R/L Close 2012 New S/B・R/L Close 31, 2013 AUTOBACS 430 +4 +1 / -1 434 +26 +4 / -3 -2 4
Slide 12: Progress of AUTOBACS 2010 Business Plan
Progress of AUTOBACS 2010 Business Plan Measures Progress of individual measure １．Improving store profitability 1) Store reform ・Improved each store by utilizing the knowledge acquired from the results of store reforms - Started renovation of Super AUTOBACS stores 2) Merchandise/ ・Continued negotiat
Slide 13: Full Year Earning Forecasts Left Unchanged
Full Year Earning Forecasts Left Unchanged • Our OP forecast for the full fiscal year (2.8BY) unchanged, although the business environment for Q2 is expected to remain challenging • Accelerating our business efforts in Q3 and Q4 to make up for the delay in Q1 • Focusing on gross margin improvement a
Slide 14: Balance Sheet / Assets
Balance Sheet / Assets 206.1BY 202.5BY 232.6BY 217.9BY 206.8BY (Billion Yen) 43.2 Cash and deposits 51 42.9 43.7 45.8 Trade notes 39.6 and account receivables 23.4 26.8 22.1 13.8 29.9 Lease investment assets 13.7 13.8 10.4 13.4 Marketable securities 8.9 13.3 13.3 9.3 20.4 4.6 17.1 Inventories 18.3 1
Slide 15: Balance Sheet / Liabilities & Net Assets
Balance Sheet / Liabilities & Net Assets (Billion Yen) 206.1BY 202.5BY 232.6BY 217.9BY 206.8BY Trade notes & 39.3 accounts payable 24.3 17.0 15.3 28.1 ST borrowings and 3.2 3.2 5.2 corporate bond 4.7 20.4 19.5 26.0 26.1 5.0 Other ST liabilities Bonds and LT debts 8.4 6.7 7.5 5.3 19.1 10.8 11.0 11.0
Slide 16: Transfer of Store Ownership, and Merger among Consolidated Subsidiaries
Transfer of Store Ownership, and Merger among Consolidated Subsidiaries Before the store transfer and merger Merge October 1, 2012 Autopia Co., Ltd 8 stores No capital AUTOBACS NEXT Ltd. AUTOBACS Chiba September 1, 計１０店舗 Ltd. relation 10 stores 2012 3 stores Franchisee 3 stores Musashino 3 stores AU
Slide 17: Forward-Looking Statements
Forward-Looking Statements These materials include forecasts regarding the Company’s future plans, strategies, and performance. This information is based on judgments and estimates made in accordance with information currently available. Actual results may differ materially from forecasts due to suc
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