Pan Pacific International Holdings Corporation · TSE:7532
Pan Pacific International — 1H FY2019 Earnings Presentation
14 slides from Pan Pacific International's earnings presentation, Feb 5, 2019
Slide 1: 1H Results for FY 2019
Pan Pacific International Holdings Corporation 1H Results for FY 2019 Earnings Results July 1, 2018 – December 31, 2018 February 5, 2019
Slide 2: Earnings summary
Earnings summary 6 months to December 2018 6 months to December 2017 Consolidated (Millions of yen) Actual Share YoY Actual Share Net sales 513,416 100.0% 110.9% 462,830 100.0% Gross profit 135,611 26.4% 112.8% 120,176 26.0% SGA 105,594 20.6% 116.1% 90,929 19.6% Operating profit 30,017 5.8% 102.6% 2
Slide 3: Same-store sales
Same-store sales 110.0% Customer Same Store Sales Traffic 105.0% 100.0% Average Spending 95.0% 2016 2016 2017 2017 2018 2018 Jul. Dec. Jun. Dec. Jun. Dec. 2017 2018 Existing stores Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Sales (%) 102.6 105.9 104.0 103.0 103.6 105.
Slide 4: Sales breakdown by product category
Sales breakdown by product category 6 months to December 2018 6 months to December 2017 Consolidated (Millions of yen) Actual Share YoY Actual Share Home electrical appliances 41,290 8.0% 103.2% 40,010 8.6% Miscellaneous household goods 114,961 22.4% 106.0% 108,408 23.4% Foods 167,943 32.7% 109.4% 1
Slide 5: The number of stores
The number of stores (Number of stores) FY2017 FY2018 FY2019-1Q FY2019-2Q Don Quijote 198 209 212 215 MEGA 40 43 43 43 New MEGA 72 80 81 83 Others 44 47 49 48 Total stores in Japan 354 379 385 389 Overseas 14 39 39 40 Global Total 368 418 424 429 Domestic opening 32 55 7 7 Domestic closure 5 5 1 2 N
Slide 6: Key components in SG&A
Key components in SG&A 6 months to Dec. 2018 6 months to Dec. 2017 Consolidated (Millions of yen) Actual Share YoY Actual Share Net sales 513,416 100.0% 110.9% 462,830 100.0% Salary allowance 39,605 7.7% 116.4% 34,031 7.4% Rent 15,142 2.9% 113.0% 13,402 2.9% Commission paid 12,779 2.5% 114.4% 11,166
Slide 7: Sales and profit by business
Sales and profit by business Sales, profit and loss by segment from Jul.1, 2018, to Dec.31, 2018 (Millions of yen) Adjusted Consolidated Retail store Rent income Others Total Consolidated amount Sales to external customers 498,150 11,357 3,909 513,416 - 513,416 Internal sales or transfers between se
Slide 8: Sales, profit and asset by subsidiaries
Sales, profit and asset by subsidiaries Sales, profit and asset by subsidiaries from Jul.1, 2018, to Dec.31, 2018 (Millions of yen) Consolidated Don Quijote 1) Doit Nagasakiya 2) Overseas 3) JAM 4) Consolidated Net sales 356,470 8,181 95,168 46,171 10,915 513,416 Operating profit 15,447 (108) 3,354
Slide 9: Balance Sheet
Balance Sheet (Millions of yen) (Millions of yen) Consolidated As of Dec 31, Change from Consolidated As of Dec 31, Change from 2018 June 30, 2018 2018 June 30, 2018 Total current assets 452,956 216,343 Total current liabilities 202,568 30,682 Cash and deposits 258,494 186,521 Accounts payable 119,6
Slide 10: Cash flows and Capital expenditure
Cash flows and Capital expenditure (Millions of yen) Consolidated Cash Flows 6 months to Dec. 6 months to Dec. Change 2018 2017 Cash and equivalents at beginning of period 75,883 78,094 (2,211) Cash flows from operating activities 33,238 31,758 1,480 Cash flows from investing activities (24,481) (13
Slide 11: Earnings summary for Q2
Earnings summary for Q2 3 months to Dec. 2018 3 months to Dec. 2017 Consolidated (Millions of yen) Actual Share YoY Actual Share Net sales 263,336 100.0% 110.0% 239,397 100.0% Gross profit 68,879 26.2% 113.1% 60,908 25.4% SGA 53,365 20.3% 116.1% 45,961 19.2% Operating profit 15,514 5.9% 103.8% 14,94
Slide 12: Sales breakdown by product category for Q2
Sales breakdown by product category for Q2 3 months to Dec. 2018 3 months to Dec. 2017 Consolidated (Millions of yen) Actual Share YoY Actual Share Home electrical appliances 21,885 8.3% 101.4% 21,592 9.0% Miscellaneous household goods 57,729 21.9% 104.9% 55,052 23.0% Foods 86,800 33.0% 108.1% 80,32
Slide 13: Key components in SG&A for Q2
Key components in SG&A for Q2 3 months to Dec. 2018 3 months to Dec. 2017 Consolidated (Millions of yen) Actual Share YoY Actual Share Net sales 263,336 100.0% 110.0% 239,397 100.0% Salary allowance 20,180 7.7% 116.6% 17,313 7.2% Rent 7,689 2.9% 113.1% 6,800 2.8% Commission paid 6,746 2.6% 121.0% 5,
Slide 14: Forecast for fiscal June 2019
Forecast for fiscal June 2019 FY2019 Revised Forecast FY2019 Initial Forecast Consolidated (Millions of yen) Plan Share YoY Plan Share Net sales 1,370,000 100.0% 145.5% 1,000,000 100.0% Gross profit 360,000 26.3% 147.5% 260,000 26.0% SGA 297,000 21.7% 154.3% 207,000 20.7% Operating profit 63,000 4.6
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