H2o Retailing Corporation · TSE:8242

H2o Retailing — Q1 FY2025 Earnings Presentation

16 slides from H2o Retailing's earnings presentation, Aug 6, 2024

  1. Slide 1: 1Q of FY2025 Presentation Materials

    1Q of FY2025 Presentation Materials Aug. 6, 2024 H2O RETAILING CORPORATION

  2. Slide 2: Digest of Financial Results (Apr.-Jun.)

    Digest of Financial Results (Apr.-Jun.) ◼ Department Store Business drove consolidated results. Consolidated gross sales and operating profit exceeded forecasts. Gross sales, operating profit and other phase profit reached record highs in 1Q. ◼ Department Store Business exceeded both the previous ye

  3. Slide 3: Topics

    Topics I . 1Q Results of FY2025 II . Forecast of FY2025 (Upward Revision) III . Progress of Mid-term Management Plan Copyright © H2O Retailing Corp. All Rights Reserved. 3

  4. Slide 4: I. 1Q Results of FY2025

    I. 1Q Results of FY2025 1 . Consolidated Results 2 . Results by segment 3 . Department Store Business 4 . Supermarket Business 5 . Shopping Center Business 6 . Extraordinary Income and Losses Copyright © H2O Retailing Corp. All Rights Reserved. 4

  5. Slide 5: I-1. Consolidated Results

    I-1. Consolidated Results Gross sales, operating profit and other phaseprofit reached record highs in 1Q thanks to increased gross sales in Department Store Business. Profit attributable to owners of parent increased significantly due to extraordinary income from the sale of policy stock holdings, g

  6. Slide 6: I-2. Results by segment

    I-2. Results by segment Department Store Business reached record highs in 1Q in gross sales and operating profit. Department Store Business significantly exceeded the forecast, while Supermarket Business, Shopping Center Business, and Other Business were generally in line with forecasts. Gross sales

  7. Slide 7: I-3. Department Store Business-Performance Overview

    I-3. Department Store Business-Performance Overview Steady domestic sales and rapid growth in inbound sales led to strong sales at Hankyu Main Store and other urban stores. 1Q(Apr.-Jun.) Results YoY YoY Amount (Unit: 100 million yen) Sales by store YoY Gross sales 1,554 +25.8% +319 Urban store +31%

  8. Slide 8: I-3. Department Store Business-Sales Trends (YoY Change)

    I-3. Department Store Business-Sales Trends (YoY Change) Domestic sales remained steady and largely in line with expectations, although sales differed from month to month. Rapid growth in inbound sales is pushing-up sales at all stores, and while a similar trend is expected to continue after Jul, th

  9. Slide 9: I-3. Department Store Business-Inbound Sales

    I-3. Department Store Business-Inbound Sales Due in part to "Labor day (China)" in May, sales of Chinese tourists increased by more than 4.5 times from the previous year, and inbound sales as a whole also expanded significantly (YoY) Billions of yen Sales 331% ¥40.3 bn. 40.0 Average spend 140% Other

  10. Slide 10: I-4. Supermarket Business

    I-4. Supermarket Business Sales at supermarkets were flat, and operating profit decreased by ¥100 million due to higher personnel expenses resulting from changes in the wage system. Existing store sales in supermarkets increased YoY due to recovery in the number of customers, while average spend per

  11. Slide 11: I-5. Shopping Center Business

    I-5. Shopping Center Business Oi Development operated business hotel maintained high occupancy rates (over 95%) and increased gross sales and operating profit. Tenant sales at shopping Center stores were strong. Segment 1Q(Apr.-Jun.) (Unit: 100 million yen) Results YoY YoY Amount Gross sales 82 +1.8

  12. Slide 12: I-6. Extraordinary Income and Losses

    I-6. Extraordinary Income and Losses Major items Results Major contents (Unit: 100 million yen) Extraordinary 248 income Gain on sale of policy stock 142 Sales of stocks of Toho Co., Ltd. holdings Gain on step acquisitions of 80 Ningbo Development subsidiaries Gain on sale of non-current assets 26 K

  13. Slide 13: II. Forecast of FY2025 (Upward Revision)

    II. Forecast of FY2025 (Upward Revision) Upward revision of 1H and full-year forecasts based on strong 1Q results No change from the forecast in May from 2Q onward Plan to increase dividend to ¥40 per share from ¥28 per share in the previous fiscal year (no change from the forecast in May) 1H 2H FY2

  14. Slide 14: II. Forecast of FY2025 (Upward Revision)

    II. Forecast of FY2025(Upward Revision) Upward revision of gross sales and operating profit in Department Store Business based on strong 1Q results Business results were generally in line with forecasts in May, except for Department Store Business, which remained unchanged from May. Gross sales Oper

  15. Slide 15: III. Progress of Mid-term Management Plan

    III. Progress of Mid-term Management Plan Started HR strategy based on three policies to support personnel and organizational aspects to realise the Long-Term Business Plan 2030. ① Optimizing Organizational Performance ② Activating Employee Engagement ③ Strengthen HR infrastructure ◼ Organizational

  16. Slide 16: III. Progress of Mid-term Management Plan (Cost of Capital and Stock Price)

    III. Progress of Mid-term Management Plan (To Achieve Management Conscious of Cost of Capital and Stock Price) Sell low-profit assets and invest in businesses to achieve ROE targets set forth in the financial and capital strategies of the Mid-term Management Plan (announced in May 2024). ◼ Cash-in f

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