Shimamura Co., Ltd. · TSE:8227
Shimamura — Q1 FY2/24 Earnings Presentation
16 slides from Shimamura's earnings presentation, Jun 26, 2023
Slide 1: Financial Results for Q1 of FY2/24
Financial Results for Q1 of FY2/24 June 26, 2023 1
Slide 2: Consolidated Results: Income Statement
１． Consolidated Results: Income Statement ▽Net sales increased by 5.2% YoY, reaching a record-high for Q1 alone. ▽SG&A to sales ratio was 25.1% (0.1 ppt YoY). The main factors were wage increases and higher utility costs. ▽Operating income margin was 14.5 billion yen（9.3％ rete）, amounted to almost t
Slide 3: Sales by Business
２． Sales by Business ▽Domestic sales increased by 5.0% YoY due to the further enhancement of brands, development of new influencer and character products, diversification of sales promotion methods, and individual store response. ▽Interiors, kitchen and bath products, and hygiene products declined d
Slide 4: Consolidated Results: SG&A Expenses
３． Consolidated Results: SG&A Expenses ▽ Personnel expenses: Increased by 8.9% YoY on a wage increase. It helped to solve the store's employee shortage. ▽ Advertising expenses: Ratio to sales was 1.9%, controlled by the expansion and diversification of digital sales promotions. ▽ Equipment cost: 1.0
Slide 5: Consolidated Results: Balance Sheets
４．Consolidated Results: Balance Sheets ▽ Assets : Cash and deposits, accounts receivable, and valuable securities increased by 8.4% YoY. ▽ Liabilities : Mainly accrued expenses and accounts payable increased. （Million yen、％） Composition Composition End-May 2023 YoY End-May 2022 ratio ratio Current a
Slide 6: Existing store sales, Number of customers, Spending per customer (YoY)
５．Existing store sales，Number of customers, Spending per customer (YoY) ▽Growth in existing store sales: Strengthen product and sales capabilities. Continue individual response to each region and store. ▽Increase in number of customers: Strengthen response to outings demand and Strengthen response t
Slide 7: Gross profit, Price Reduction, Inventory YoY
６．Gross profit, Price Reduction, Inventory YoY ▽ Shimamura and Avail gross profit increased from the previous year. Also with the aim of maintaining the freshness of the sales floor, we systematically implemented a price decrease that exceeded the previous year. ▽ Birthday disposed of backlogged sto
Slide 8: Shimamura Business ①
７．Shimamura Business ① Strengthening product appeal ▽ Further enhancement PB and JB:：expanded high price range products, strengthening line- robbing. The brand's share of Q1 sales was 30.8%, and sales increased by 9.8% YoY. （PB+JB） High-priced brand “CLOSSHI PREMIUM”： Sales increased by 40.4% YoY .
Slide 9: Shimamura Business ②
７． Shimamura Business ② Strengthening sales power ▽ Evolve and diversification of digital sales promotion: Social media followers: Approx. 33 million.(117％ YoY) Number of flyers: 14 web flyers ＞11 insert flyers. Web promotion respond flexibly according to sales. ▽ Project for the commemorate the 70t
Slide 10: Avail Business
８． Avail Business Strengthening product appeal and sales power ▽ Strengthening of trend proposals: JB ratio was 44.2%. (Sales were 124.7% YoY) 3 trends of "Y2K," "Heisei Brand," and "Korean projects" are well-received owing to the going out demand. ▽Ratio of characters: 17.2% (Sales were 141.9% YoY)
Slide 11: Birthday Business
９．Birthday Business Strengthening product appeal and sales power ▽Strengthening the JB brand: JB ratio 27.7% (Sales were 109.0% YoY) Strengthen response to demand for gifts and line robbing for fashion accessories and cosmetics. ▽Occasional products response : Swimming goods and lunch goods performe
Slide 12: Si meng le Business (Taiwan)
10．Si meng le Business（Taiwan） Strengthening product appeal and sales power ▽Strengthening product appeal : Brand ratio approximately 50%. (Sales were approximately. 150% YoY) Expansion of Japanese PB and JB and Taiwan project PB. Expansion of characters and sports products. ▽Strengthening sales pow
Slide 13: Store Opening Policy
11．Store Opening Policy Promote the development of highly profitable stores ▽Promote relocation of existing stores and fashion mall format in multiple businesses. Old business environment ⇒ Relocate the store to a new business environment where more people gather. Increase the ability to attract cus
Slide 14: Consolidated Business Forecasts for FY2/24
12． Consolidated Business Forecasts for FY2/24 ▽ Net sales to up by 3.1% YoY and operating income to up by 2.4% YoY. ▽ Dividend per share is expected to be 270 yen for the full year (an increase of 10 yen). ▽Steady progress in various measures to secure gross profit. SG&A expenses are also within th
Slide 15: Information Disclosure
13． Information Disclosure Financial Results Materials (Disclosed on the corporate website) ▽ Financial Results Briefing Materials (with comments): June 26 (Monday) ▽ Financial Results (English version): June 27 (Tuesday) ▽ Financial Results Briefing (Summary of Question and Answer Session): June 28
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