Tsi Holdings Co., Ltd. · TSE:3608
Tsi — FY2022 Earnings Presentation
31 slides from Tsi's earnings presentation, Apr 14, 2022
Slide 1: Results Briefing: FY Ending Feb. 2022
Results Briefing: FY Ending Feb. 2022 14th April 2022
Slide 2: Agenda
AGENDA 1 Results Overview FY Ending Feb. 2022 2 Business Situation 3 About Situation by Channel 4 About Balance Sheet 5 Full-year Consolidated Business Plan for FY Ending Feb. 2023 6 Reference Data
Slide 3: Covid-19 Impact on 2nd Half Results of FY Ending Feb. 2022
2 Covid-19 Impact on 2ND Half Results of 2022 Ending Feb. In the first half of 2H of the fiscal year, there were signs of a recovery in business performance following a temporary end to the COVID-19 infection, but the infection spread explosively again in January of Q4. The number of new infections
Slide 4: Results Overview FY Ending Feb. 2022
1 Results Overview FY Ending Feb. 2022
Slide 5: 2nd Half Result Highlights
4 2nd Half Result Highlights for FY Ending Feb. 2022 Net sales were affected by the fifth and sixth waves of COVID-19 and by strategic efforts to curb discount sales. As a result, they were lower than the previous year, standing at -2.17 billion yen. However, existing businesses, excluding businesse
Slide 6: Full-year Business Highlights
5 Full-year Business Highlights for FY Ending Feb. 2022 The impact of COVID-19 spread further from the previous year, making it difficult to control the business throughout the year. Net sales improved from the previous year, although sales declined significantly from two fiscal years ago, which wer
Slide 7: Record-high operating income amid COVID-19
6 Operating Profit Transition Expenses for FY Ending Feb. 2022 Set a new record-high operating income (previous record was 2.54 billion yen in FY02/2017) amid COVID-19 Unit : Billion yen Main factors Operating profit over 5 years 4.44 Focus on getting rid of the deficit in 5.0 4.0 3.30 1H of the yea
Slide 8: FY02/2022 Full Year Difference from the adjusted forecast
7 FY02/2022 Full Year Difference from the adjusted forecast Although we disclosed a revised forecast of operating income of 2.4 billion yen because of the anticipated deterioration of business performance caused by the COVID-19 spread in February, the COVID-19 impact was smaller than expected. In ad
Slide 9: Gross Profit/SG&A Expenses
8 Gross Profit/SG&A Expenses for FY Ending Feb. 2022 Unit : Billion yen Gross Profit 54.7% 1,000 55.0% > Gross Profit 100 54.2% Gross Profit 900 90 54.0% • Inventory was 101.8% YoY, 86.3% compared to two 800 52.8% fiscal years ago, maintaining a low level on par with 80 52.6% 53.0% 76.82 Biilion yen
Slide 10: Net Income Impact Items
9 Net Income Impact Items for FY Ending Feb. 2022 Ordinary income was 5.83 billion yen including non-operating income of 1.90 billion yen due to dividend income /real estate income, etc. Extraordinary income of 2.54 billion yen, including gains on sales of securities, and extraordinary losses of 5.6
Slide 11: Business Situation
ooo Business Situation S| HOLDINGS Jack Bunny!
Slide 12: FY02/2022 Full Year Structure of Operating Income
11 FY02/2022 Full Year Structure of Operating Income The golf and street businesses remained strong, significantly exceeding the budget, with a budget variance of 4.99 billion yen. Although brands with a higher percentage of e-commerce performed well, the mainstay women’s business was dragged down b
Slide 13: FY02/2022 Strategic Brand [NANO universe]
12 FY02/2022 Strategic Brand [NANO universe] Although the brand struggled in 1H of the current fiscal year, the effects of structural reforms were evident in 2H of the year. We saw a significant improvement in operating income from the previous year and two previous years ago. Compared to FY02/2020,
Slide 14: Good Standing Golf Business
13 Good Standing Golf Business for FY Ending Feb. 2022 Various collaborations through the Spring 2022 collection theme [LOVED ONE]. Continue to provide new contents and gain customer support. TWICE LINE FRIENDS New Balance “Special love that groups build” “Love connected by LINE FRIENDS” “Love of st
Slide 15: About Situation by Channel
PINKY&DIANN e e333 About Situation by Channel
Slide 16: Sales by Channel
15 Sales by Channel for FY Ending Feb. 2022 Real stores in Japan and overseas are recovering, although we are still in the midst of the COVID-19 pandemic. Cumulative sales increased slightly, but profits improved significantly because of the success of the strategy of prioritizing profitability. • D
Slide 17: EC Sales Results
16 EC Sales Results for FY Ending Feb. 2022 • Although domestic EC sales and the percentage of e-commerce remained high at 96.6%, 34.5% YoY respectively because of the withdrawal of brands and the curbing of discount measures, the total sales growth rate is approaching a plateau. • The in-house EC r
Slide 18: About Balance Sheet
About Balance Sheet TS! HOLDINGS
Slide 19: About Balance Sheet
18 About Balance Sheet > Cash and Deposits • 【 YoY 】 There are no issues with cash and deposits, inventory, etc., and the company's Decrease of 10.6 billion yen Mainly due to repayment of long-term and financial position is sound. Going forward, the company will focus on business growth short-term b
Slide 20: Full-year Consolidated Business Plan for FY Ending Feb. 2023
Full-year Consolidated Business Plan for ５ FY Ending Feb. 2023
Slide 21: Profit and Loss Plan for FY Ending Feb. 2023
20 Profit and Loss Plan for FY Ending Feb. 2023 Net sales are projected to be 157.3 billion yen, 112.1% of the previous year's level (106.3% based on the previous revenue standard). Considering the impact of cost increases because of foreign exchange rates and head office relocation costs, SG&A expe
Slide 22: FY02/2023 Full Year Profit and Loss Plan Operating Income Variance
21 FY02/2023 Full Year Profit and Loss Plan Operating Income Variance The result for the fiscal year ended February 28, 2022 was 4.44 billion yen. Considering employment adjustment subsidies received in the current fiscal year and one-time expenses such as relocation costs, and others, the budget fo
Slide 23: Office Consolidation Project
22 Office Consolidation Project Office relocation, which has been facilitated based on TIP24 of the Structural Reform Program, is scheduled to be implemented in September of this fiscal year ending February, 2023. All 24 offices of the company (as of August 2020) are to be consolidated into 9 office
Slide 24: Reference Data
e336 Reference Data
Slide 25: Highlights of Q4 Results
24 Highlights of Q4 Results for FY Ending Feb. 2022 Unit:Million Yen Consolidated Financial Q4TH 2021 Ending Feb. Q4TH 2022 Ending Feb. Highlights -Profit and Loss- Composition Composition Y/Y (December to February) Results Rate (%) Results Rate (%) Change Y/Y (%) Net Sales 36,858 100.0 36,467 100.0
Slide 26: Highlights of Full-year Results: Profit and Loss
25 Highlights of Full-year Results for FY Ending Feb. 2022 Unit:Million Yen Financial FY Ending Feb. 2021 FY Ending Feb. 2022 Highlights -Profit and Loss- Composition Composition Y/Y Results Rate (%) Results Rate (%) Change Y/Y (%) Net Sales 134,078 100.0 140,382 100.0 6,303 104.7 Gross Profit 63,84
Slide 27: Net Sales Per Channel
26 Highlights of Full-year Results for FY Ending Feb. 2022 FY Ending Feb. 2021 FY Ending Feb. 2022 Net Sales Per Channel Results (Million yen) Composition Rate (%) Results (Million yen) Composition Rate (%) Y/Y (%) Composition Rate Y/Y Change(pt) Department Stores 12,481 9.3 13,820 9.8 110.7 0.5 Com
Slide 28: Brands Overview
27 Highlights of Full-year Results for FY Ending Feb. 2022 Unit:Million Yen FY Ending Feb. 2021 FY Ending Feb. 2022 YoY Brands Overview Composition Gross Profit Composition Gross Profit Gross Profit Sales Sales Sales (%) Rate (%) Ratio (%) Rate (%) Ratio (%) Ratio (pt) 1. nano・universe 19,879 14.8 4
Slide 29: Domestic Monthly Sales Information
28 Highlights of Full-year Results for FY Ending Feb. 2022 Domestic Monthly Sales Information FY 2021 Ending Feb. FY 2022 Ending Feb. All Stores：75.9％ All Stores：103.1％ Existing Stores：82.2％ Existing Stores：99.5％
Slide 30: Store Distribution
29 Highlights of Full-year Results for FY Ending Feb. 2022 Store Distribution FY Ending Feb. Store Store FY Ending Y/Y 2021 Open Close Feb. 2022 Change Domestic 872 +32 -99 805 -67 Apparel Overseas 52 +4 -15 41 -11 Total 924 +36 -114 846 -78 Restaurant Domestic 9 - -2 7 -2 Cosmetics Domestic 33 +8 -
Slide 31: Descriptions about future within this document are based on the information that the company
Descriptions about future within this document are based on the information that the company obtains on the date of this report and certain assumptions deemed to be reasonable. Actual earnings may differ materially from various future factors.