Pan Pacific International Holdings Corporation · TSE:7532
Pan Pacific International — 1H FY2020 Earnings Presentation
16 slides from Pan Pacific International's earnings presentation, Feb 5, 2020
Slide 1: 1H Results for FY 2020
Pan Pacific International Holdings Corporation 1H Results for FY 2020 Earnings Results July 1, 2019 – December 31, 2019 February 5, 2020
Slide 2: Earnings summary
Earnings summary 6 months to December 2019 6 months to December 2018 Consolidated (Millions of yen) Actual Share YoY Actual Share Net sales 858,789 100.0% 167.3% 513,416 100.0% Gross profit 247,793 28.9% 182.7% 135,611 26.4% SGA 202,680 23.6% 191.9% 105,594 20.6% Operating profit 45,133 5.3% 150.3%
Slide 3: Same-store sales (Don Quijote Co., Ltd.)
Same-store sales (Don Quijote Co., Ltd.) 110.0% Same Store Sales 105.0% Spending 100.0% Traffic 95.0% 2017.Jul. 2017.Dec. 2018.Jun. 2018.Dec. 2019.Jun. 2019.Dec. 2018 2019 Existing stores Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Sales (%) 100.4 100.5 98.8 99.7 101.6
Slide 4: Same-store sales (UNY Co., Ltd.)
Same-store sales (UNY Co., Ltd.) 110.0% UNY adjusted * UNY Non-adjusted * UNY SSS GMS A 105.0% SSS 100.0% 95.0% GMS B SSS 90.0% 2017.Dec. 2018.Jun. 2018.Dec. 2019.Jun. 2019.Dec. 2018 2019 Existing stores Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Sales (%) 101.1 98.7
Slide 5: Sales breakdown by product category
Sales breakdown by product category Consolidated 6 months to December 2019 6 months to December 2018 (Millions of yen) Actual Share YoY Actual Share Home electrical appliances 43,612 5.1% 105.6% 41,290 8.0% Miscellaneous household goods 123,807 14.4% 107.7% 114,961 22.4% Foods 202,219 23.5% 120.4% 1
Slide 6: Sales breakdown by product category
Sales breakdown by product category Accessory for smartphones and POSA cards delivered a good sales momentum. Home electrical appliances Batteries and flash lights grew. Daily necessities such as detergents and oral-care products grew. Kitchen products Miscellaneous household goods such as portable
Slide 7: The number of stores
The number of stores Breakdown by format (stores) FY2018 FY2019 FY2020-1Q FY2020-2Q Don Quijote 209 212 213 215 MEGA 43 44 44 44 New MEGA 80 88 89 89 MEGA DQ UNY ― 16 22 29 (Conversion Store) Apita / Piago ― 176 169 162 Picasso 23 21 22 22 Kyo-yasu-do 4 4 4 4 mini Piago ― 73 73 73 Doit 18 15 15 15 N
Slide 8: The number of stores
The number of stores (stores) Breakdown by company FY2018 FY2019 FY2020-1Q FY2020-2Q Don Quijote Co., Ltd. 313 322 325 327 (DQ,New MEGA and small format) Nagasakiya Co., Ltd. (MEGA) 43 44 44 44 UD Retail Co., Ltd. ― 16 22 29 (MEGA UNY;conversion store from UNY) UNY Co., Ltd. (Apita, Piago) ― 176 169
Slide 9: Key components in SG&A
Key components in SG&A 6 months to December 2019 6 months to December 2018 Consolidated (Millions of yen) Actual Share YoY Actual Share Net sales 858,789 100.0% 167.3% 513,416 100.0% Salary allowance 71,759 8.4% 181.2% 39,605 7.7% Rent 26,956 3.1% 178.0% 15,142 2.9% Commission paid 30,858 3.6% 241.5
Slide 10: Sales and profit by business
Sales and profit by business Sales, profit and loss by segment from Jul.1, 2019, to Dec.31, 2019 (Millions of yen) Consolidated Discount store GMS Tenant leasing Others Total Adjusted Consolidated Sales to external customers 560,953 260,564 29,705 7,567 858,789 - 858,789 Internal sales or transfers
Slide 11: Balance Sheet
Balance Sheet (Millions of yen) (Millions of yen) Consolidated As of December Change from Consolidated As of December Change from 31, 2019 June 30, 2019 31, 2019 June 30, 2019 Total current assets 542,507 46,102 Total current liabilities 373,190 31,416 Cash and deposits 188,768 16,095 Accounts payab
Slide 12: Cash flows and Capital expenditure
Cash flows and Capital expenditure (Millions of yen) Consolidated Cash Flows 6 months to 6 months to Change December 2019 December 2018 Cash and equivalents at beginning of period 185,136 75,883 109,253 Cash flows from operating activities 58,970 33,238 25,732 Cash flows from investing activities (1
Slide 13: Earnings summary for Q2
Earnings summary for Q2 3 months to December 2019 3 months to December 2018 Consolidated (Millions of yen) Actual Share YoY Actual Share Net sales 430,053 100.0% 163.3% 263,336 100.0% Gross profit 125,173 29.1% 181.7% 68,879 26.2% SGA 101,192 23.5% 189.6% 53,365 20.3% Operating profit 23,981 5.6% 15
Slide 14: Sales breakdown by product category for Q2
Sales breakdown by product category for Q2 Consolidated 3 months to December 2019 3 months to December 2018 (Millions of yen) Actual Share YoY Actual Share Home electrical appliances 21,916 5.1% 100.1% 21,885 8.5% Miscellaneous household goods 58,682 13.6% 101.7% 57,729 21.9% Foods 103,466 24.1% 119
Slide 15: Key components in SG&A for Q2
Key components in SG&A for Q2 3 months to December 2019 3 months to December 2018 Consolidated (Millions of yen) Actual Share YoY Actual Share Net sales 430,053 100.0% 163.3% 263,336 100.0% Salary allowance 36,260 8.4% 179.7% 20,180 7.7% Rent 13,545 3.1% 176.2% 7,689 2.9% Commission paid 15,840 3.7%
Slide 16: Forecast for FY June 2020
Forecast for FY June 2020 FY2020 Previously Annouced FY2020 Full year Revised Forecast Consolidated Forecast*¹ (Millions of yen) Plan Share YoY Plan Share Net sales 1,670,000 100.0% 125.7% 1,660,000 100.0% Gross profit 478,000 28.6% 129.0% 470,000 28.3% SGA 406,000 24.3% 132.1% 402,000 24.2% Operati
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