Goldwin Inc. · TSE:8111
Goldwin — Q1 FY2023 Earnings Presentation
22 slides from Goldwin's earnings presentation, Aug 5, 2022
Slide 1: Financial Results Briefing for the First Quarter of the Fiscal Year Ending March 2023
Financial Results Briefing for the First Quarter of the Fiscal Year Ending March 2023 Goldwin Inc. (8111) August 5, 2022 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 2023 Ⅱ. Second quarter outlook for fiscal year ending P. 8 ～ P. 10 March 2023 Ⅲ. Full year outlook for the fiscal year ending P. 11 ～ P. 21 March 2023 Copyright © GOLDWIN INC. All Rights. 1
Slide 3: I. First quarter results for the fiscal year ending March 2023
I. First quarter results for the fiscal year ending March 2023 Both sales and profits hit record highs for the first quarter, absorbing the negative factors such as high raw material prices and rising logistics costs through operational improvements.
Slide 4: Key message: Limited impact of high raw material prices and exchange rate
Key message ～Limited impact of high raw material prices and exchange rate～ Soaring raw material prices Exchange rate Logistics cost rise ◼ By building and promoting joint ◼ Due to seasonal exchange contracts, ◼ Many spring/summer products arrived research and development the impact of short-term exc
Slide 5: Key Points of First Quarter Financial Results
Key Points of First Quarter Financial Results Minimize the impact of the external environment, a record high for the first quarter results. (Million yen) Sales ◼ Both sales and profits reached record highs for the first quarter. Mainstay THE NORTH FACE continued to perform well in both apparel and g
Slide 6: First quarter results summary for the fiscal year ending March 2023
First quarter results summary for the fiscal year ending March 2023 First quarter results for the fiscal year ending March 2023 (Million yen) Net sale Gross profit Operating income Ordinary income Net income Result 21,099 11,122 2,266 3,368 2,603 Year-on-year 123.5% 123.8% 199.6% 198.5% 210.8% Profi
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 7,881 12,192 1,025 Year-on-year comparison 130.7% 119.0% 127.8% Year-on-year amount +1,850 +1,947 +223 Sales composition ratio 37.3% 57.8% 4.9% (Million yen) Performance
Slide 8: Changes in inventory balance
Changes in inventory balance Inventory balance at the end of June 2022 is 87% of the same period last year, which is within the plan. Limited impact of supply chain delays. Mainly due to strong sales of outdoor products Inventory Balance by Quarter (Million yen) Inventories Year-on-year 25,000 150%
Slide 9: II. Outlook for the second quarter of the fiscal year ending March 2023
II. Outlook for the second quarter of the fiscal year ending March 2023 Second quarter outlook adds first quarter deviation Although there are concerns about the impact of the rapid spread of the corona crisis, there is no change in the forecast for the second quarter (July to September) from the in
Slide 10: Trends in assumptions at the end of the first quarter
Trends in assumptions at the end of the first quarter Progressed in line with initial forecasts. From the second half onwards, we will overcome profit- declining factors such as high raw material prices and logistics costs by improving operations. Assumptions for the full year outlook at the beginni
Slide 11: Second quarter outlook
Second quarter outlook Earnings forecasts for the cumulative second quarter include the first quarter's deviation. Second quarter outlook for fiscal year ending March 2023 (Million yen) (Note) Figures on the left are initial forecasts, figures on the right are revised forecasts Net sale Operating in
Slide 12: III. Full-year outlook for the fiscal year ending March 31, 2023
III. Full-year outlook for the fiscal year ending March 31, 2023 Sales trend is trending higher than the initial forecast. The full-year outlook will be disclosed after assessing trends in the third quarter, which will have a large contribution to earnings.
Slide 13: Fiscal Year Ending March 2023 Earnings Forecast Summary
Fiscal Year Ending March 2023 Earnings Forecast Summary We plan to revise the full-year forecast once we have ascertained trends in the third quarter, which will have a large contribution to earnings. Full-year outlook for the fiscal year ending March 2023 (Million yen) Net sale Operating income Ord
Slide 14: Earnings forecast by business segment
Earnings forecast by business segment Sales are expected to increase in all business categories. Efforts to strengthen proposal capabilities for fall/winter products such as down jackets and fleece Sales by business segment (Million yen) Performance Lifestyle Fashion Outlook 35,000 63,500 7,500 Year
Slide 15: Changes from the initial forecast in factors behind operating income
Changes from the initial forecast in the graph of factors behind changes in operating income The effect of increased sales offsets the negative factors such as soaring exchange rates and raw material prices, and rising logistics costs. Operating income forecast for the fiscal year ending March 2023
Slide 16: Gross profit margin ratio improvement factors
Gross profit margin ratio improvement factors Policy to improve gross profit margin by combining sales factors and business improvement factors ◼ Increase the self-managed sales ratio and Channel mix strengthen the cooperative system with wholesalers ◼ Spread the successful models of THE Brand mix N
Slide 17: Changes in selling, SG&A expenses and cost-effectiveness
Changes in selling, SG & A expenses and cost-effectiveness Although there is a delay in some of the advertising expenses, it is scheduled to be carried out within the fiscal year. Promoting execution with cost-effectiveness in mind (Million yen) 50,000 42% 40,000 40% 30,000 38% 20,000 36% 10,000 34%
Slide 18: Summary
Summary Net sales for the first quarter is 123.5% of the same period of the previous year, and all levels of profit reached record hi ghs. Increased sales offset negative factors such as foreign exchange rates, high raw material prices, and rising logistics costs, and achieved record-high sales and
Slide 19: Income Statement Summary
Income Statement Summary 1Q (Million yen) FY20.3 FY21.3 FY22.3 FY23.3 Year-on year Net sale 18,074 12,200 17,078 21,099 123.5% Gross profit 9,531 6,330 8,986 11,122 123.8% （%） 52.7% 51.9% 52.6% 52.7% 0.1pt SG&A expenses 7,499 6,770 7,851 8,855 112.8% （%） 41.5% 55.5% 46.0% 42.0% ▲4.0pt Operating inco
Slide 20: GOLDWIN PLAY EARTH PARK TOYAMA
「GOLDWIN PLAY EARTH PARK TOYAMA」 Following Roppongi's Tokyo Midtown, we offer a new playground with special cooperation from Toyama Prefecture, the birthplace During the period, the tram that runs in the center of Toyama City Wrapped to "GOLDWIN PLAY EARTH PARK TOYAMA" specifications During the peri
Slide 21: Main inquiries from analysts at the time of announcement of financial results
Main inquiries from analysts at the time of announcement of financial results for the fiscal year ending March 2022 Impact of cost increase on performance ◼ Although many raw materials related to our products, such as polyester, nylon, and cotton, are rising, in order to minimize the impact, continu
Slide 22: 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