Earth Corporation · TSE:4985
Earth — Q1 2024 Earnings Presentation
16 slides from Earth's earnings presentation, May 10, 2024
Slide 1: Earnings briefing materials for 1Q of the fiscal year ending December 2024
Earnings briefing materials for 1Q of the fiscal year ending December 2024 05/10/2024
Slide 2: Executive Summary
Executive Summary Sales ：42.04 billion yen（VS Forecast +0.1% ＋0.04 billion yen） Operating Income: 4.97 billion yen（ VS Forecast +77.8%＋2.17 billion yen） • Insecticides & repellents performed as expected. Strong performance of General Environment and Sanitation Business and Over seas. 24.1Q • In dail
Slide 3: Financial Result Highlights of FY 12/2024.1Q
Financial Result Highlights of FY 12/2024.1Q
Slide 4: Financial Result Highlights
Financial Result Highlights (Unit: 0.1 billion JPY) Sales increased by 1.23 billion yen and Operating Income decreased by 0.55 billion yen from the PY. Overall sales were almost in line with the Forecast, although there were some fluctuations in sales by category. Operating Income was significan
Slide 5: Management Accounting Basis: Sales / GPM (23vs24)
Management Accounting Basis: Sales / GPM (23vs24) (Unit: 0.1 billion JPY) Domestic Insecticides & repellents ：Flat YoY, in line with Forecast. Domestic Household products ：Bath Salts and Oral Care fell short of the PY and Forecast. Overseas ： Both ASEAN and China performed strongly in 1Q. Ge
Slide 6: Domestic: Insecticides & Repellents Business Status
Domestic: Insecticides & Repellents Business Status Market: Although the market started weakly at 89.6% YoY at the end of March, the market size at the end of March accounted for about 5% of the total market for the full year, and we will closely monitor the situation from April onward. Shipment
Slide 7: Domestic: The Household Products Business Status
Domestic: The Household Products Business Status Intensifying competition in Bath Salts and Oral Care, resulting in a decline in market share. Considering renewal of category strategies and reallocation of marketing investments to strengthen brand power as stated in the Mid-term Business Plan. B
Slide 8: Overseas: Business Status (ASEAN)
Overseas: Business Status (ASEAN) (Unit: 0.1 billion JPY) ASEAN Core Area (Thailand & Vietnam) ASEAN Expansion Area (Malaysia & The Philippines) Sales expansion in each domestic channel Successful implementation of sales promotion Malaysia Thailand Depot expansion to cultivate the OP-T market,
Slide 9: Overseas: Business Status (China & Cross-border)
Overseas: Business Status (China & Cross- border) (Unit: 0.1 billion JPY) China Cross border business Shift in strategy to expand sales in real stores. Expanding Insecticides & Repellents. Locally ME Achieved +30% sales growth in 1Q. Continued strong performance from the PY, with Establish
Slide 10: General Environment and Sanitation Business: Business Status
General Environment and Sanitation Business : Business Status Steady growth in the number of contracts with increasing demand for high-quality hygiene management services, especially in food-related and pharmaceutical-related industries (+501 contracts YoY). General Environment and Sanitation Busi
Slide 11: Operating Income Change Factors (vs. Forecast)
Operating Income Change Factors (vs. Forecast) (Unit: 0.1 billion JPY) Raw material price hikes remained within the scope of the initial forecast. Operating Income was significantly higher due to conservative estimation of COGS impact and unrealized expense budget as of 1Q. Expenses are expect
Slide 12: Progress Toward The Operating Income Target (Quarterly / Cumulative)
Progress Toward The Operating Income Target (Quarterly / Cumulative) (Unit: 0.1 billion JPY) The upward revision of the 1Q profit target was due to a conservative COGS estimation and an expense budget bias toward the first half of the fiscal year. Weather risk in Insecticides & Repellents , seve
Slide 13: Earth Group's Medium-to-long-term Concept
Earth Group’s Medium-to-long-term Our Group Working Together Toward a Bright Tomorrow for EARTH Concept Next MTBP Transform the earnings structure & build a framework Drive sales: Overseas Drive revenue: Domestic Expand Profit Generate Cost Foundation in Enhance global expansion Synergies Grow Culti
Slide 14: Progress Toward The Profitability Structural Transformation
Progress Toward The Profitability Structural Transformation • SKU reduction： ‣ As part of the category strategy renewal, selecting the number of SKUs to be reduced. ‣ List is being prepared to achieve the 30% reduction target. • Cash efficiency improvement due to inventory reduction ‣ Inventory redu
Slide 15: 2024: Plan Highlights
2024: Plan Highlights No change from the figures announced on February 13, 2024. One-time expenses incurred in promoting structural reforms, aggressive investment in human resources, and aggressive investment in focused categories. (Bath Salts and Oral Care, which will be the next revenue source
Slide 16: Forward-looking statements notice
This presentation contains forward-looking statements and financial results forecasts. These forward-looking statements and financial results forecasts were formulated on the basis of company assumptions based on the information available. These statements and forecasts are subject to risks and unce