Shimamura Co., Ltd. · TSE:8227
Shimamura — Q1 FY2/25 Earnings Presentation
16 slides from Shimamura's earnings presentation, Jun 24, 2024
Slide 1: Financial Results for Q1 of FY2/25
Financial Results for Q1 of FY2/25 June 24, 2024 1
Slide 2: Consolidated Results: Income Statement
Consolidated Results: Income Statement ▽ Net sales: Up 4.7% YoY, reaching a record-high for Q1 alone. ▽ SG&A ratio: 25.3% (＋0.2pt YoY ). The main factor was a rise in labor costs due to wage hikes. ▽ Operating income margin was 14.5 billion yen ( 8.9%) Slight increase from the previous term. (Millio
Slide 3: Sales by Business
Sales by Business ▽ Evolution of brands, strengthening of collaboration projects with influencers and characters, and diversification of sales promotion methods, Domestic sales increased by 4.5% yoy due to the response to Individual store support. ▽ Reviewed product rollout schedules and promoted pr
Slide 4: Consolidated Results: SG&A Expenses
Consolidated Results: SG&A Expenses ▽ Personnel expenses: Increased by 8.0% YoY due to wage increase. Reduced the umber of understaffed stores, and stores with improved store operations have seen sales rise. ▽ Advertising expenses: Ratio to sales was 1.9%, controlled by the expansion and diversifica
Slide 5: Consolidated Results: Balance Sheets
Consolidated Results: Balance Sheets ▽ Assets: Cash and deposits + Accounts receivable + Marketable securities up by 6.5% YoY. ▽ Liabilities: Accounts payable + Provision for bonuses increased by 3.9% YoY. (Million yen/%) Composition Composition End-May 2024 ratio YoY End-May 2023 ratio Current asse
Slide 6: Same-store Sales, Number of customers, Spending per customer YoY
Same-store Sales, Number of customers, Spending per customer YoY ▽ Growth in same-store sales: Continued to strengthen product appeal and sales power, worked to meet regional and individual store needs. ▽ Increase in customer numbers: Strengthened our ability to disseminate information through the d
Slide 7: Gross profit, Price reduction, Inventory YoY
Gross profit, Price reduction, Inventory YoY ▽ In all businesses, gross profit increased from the previous year due to strong summer product sales. ▽ Shimamura implemented planned price reductions on winter inventory and backlogged inventory. (%, pt) Gross profit Discount Inventory Business Period G
Slide 8: Shimamura Business ①
Shimamura Business ① Strengthening product appeal and sales power ▽ Evolution of brands: PB ratio was 23.2%, and sales increased by 16.8% YoY. ・Review of PB product rollout schedules: Implementing product development in line with changes in temperature. ・High-priced PB “CLOSSHI PREMIUM” sales increa
Slide 9: Shimamura Business ②
Shimamura Business ② Strengthening product appeal and sales power ▽ Diversification of sales promotion: Collaboration with influencers and TV programs, and use of celebrities to raise awareness. ▽ Holding fairs and key events: Collaboration with JB and priority events will attract more customers. ▽
Slide 10: Avail Business
Avail Business Strengthening product appeal and sales power ▽ Sales increased by 5.2% YoY. JB sales increased by 13.8% YoY. Promotion of line lobbing. ▽ Strengthening product appeal: Collaborative projects with JB x Influencer and models. Development of new categories. ▽ Strengthening sales power: C
Slide 11: Birthday Business
Birthday Business Strengthening product appeal and sales power ▽ Sales increased by 4.2% YoY. JB sales increased by 4.4% YoY. EC sales were strong due to strengthened digital sales promotion. ▽ Strengthening product appeal: Influencer products, expansion of original products, and launch of new JBs.
Slide 12: EC Business
EC Business Expand EC business and improve convenience ▽ Sales were 2.8 billion yen (EC ratio: 1.8%): Sales up 98% YoY. Percentage of in-store pickup: 89.2%. ▽ Strengthening sales power: Implemented EC fairs and expanded products handled. Implemented pre-ordering and built- to-ordering of collaborat
Slide 13: The Results Of The Store Renovations
The Results Of The Store Renovations Increase store loyalty through remodeling ▽ Improve the shopping environment for customers and boost sales at existing stores. Plan to remodel 150 stores in 3 years. ▽ Interiors: Replace with safety-and environment-friendly facilities. e.g. no-slip tile, LED ligh
Slide 14: Consolidated Business Forecasts for FY2/25
Consolidated Business Forecasts for FY2/25 ▽ Net sales (plan): Up 3.9% YoY, Operating income (plan): up 1.9% YoY ▽ SG&A (plan): Up 4.8% YoY. Personnel expenses are expected to increase by 6.2% YoY, and repair expenses due to renovations of existing stores are planned to rise. ▽ Dividend per share (p
Slide 15: Information Disclosure
Information Disclosure Financial Results Materials (Disclosed on the corporate website) ▽ Financial Results Briefing Materials (with comments): June 24 (Monday) ▽ Summary of Financial Results (English): June 25 (Tuesday) ▽ Financial Results (Summary of Question and Answer Session): June 26 (Wednesda
Slide 16: Cautionary Statement Regarding Forward-Looking Statements, etc.
Cautionary Statement Regarding Forward-Looking Statements, etc. The forward-looking statements, including business forecasts, contained in this document are based on judgments made in accordance with information available at the time of this document's release and are subject to a number of uncertai