Goldwin Inc. · TSE:8111
Goldwin — Q2 FY2023.3 Earnings Presentation
25 slides from Goldwin's earnings presentation, Nov 8, 2022
Slide 1: Financial Results Briefing for the Second Quarter of the Fiscal Year Ending March 2023
Financial Results Briefing for the second Quarter of the Fiscal Year Ending March 2023 Goldwin Inc. (8111) November 8, 2022 Copyright © GOLDWIN INC. All Rights.
Slide 2: Table of contents
Table of contents Ⅰ. Second quarter results for the fiscal year P.3 ～ P.10 ending March 2023 Ⅱ. Full year outlook for the fiscal year ending P.11 ～ P.15 March 2023 Ⅲ. Key measures to achieve the full year forecast P.16 ～ P.24 Copyright © GOLDWIN INC. All Rights. 1
Slide 3: Key Message: Full year impact amount in external factor changes
Key Message Full year impact amount in external factor changes Dealing with high raw material prices Full year impact While the impact of material costs and distribution costs is recognized, about Hundreds of millions 10% of the 2022 autumn / winter products will be raised by 5 to 10%.The of yen per
Slide 4: I. Second quarter results for the fiscal year ending March 2023
I. Second quarter results for the fiscal year ending March 2023 Net sales, ordinary income, and net income all hit record highs due to an increase in combined sales of not only apparel products, but also backpacks and shoes, due to an increase in demand not only for camping but also for outings such
Slide 5: Key Points of Second Quarter Financial Results
Key Points of Second Quarter Financial Results Renewed a record high for cumulative second quarter sales (Million yen) Sales ◼ THE NORTH FACE saw double-digit growth in not only apparel, but gear such as backpacks and shoes. 45,309 ◼ Although some directly managed stores were affected by the “7th 38
Slide 6: Second Quarter Performance Summary
Second Quarter Performance Summary Second quarter results for the fiscal year ending March 2023.(Million yen) Net sale Gross profit Operating income Ordinary income Net income Result 45,309 22,987 5,277 7,452 5,844 Year-on-year 118.6% 117.9% 160.0% 194.3% 222.0% Profit margin on sales － 50.7% 11.6%
Slide 7: Second quarter performance trends by business category
Second quarter performance trends by business category Sales by business segment (Million yen) Performance Lifestyle Fashion Result 16,275 25,630 3,403 Year-on-year comparison 123.0% 115.3% 124.1% Year-on-year amount +3,038 +3,401 +660 Sales composition ratio 35.9% 56.6% 7.5% (Million yen) Performan
Slide 8: Changes in EC sales by quarter
Changes in EC sales by quarter Policy to quickly build a supply chain that can respond to the EC sales ratio of 30% (Million yen) 1Q 2Q 3Q 4Q EC sales ratio 14.4% 18,000 13.4% 15% 16,000 12.4% 14,000 12,000 3,463 10% 2,701 10,000 8,000 4,484 4,670 6,000 5% 3,602 4,000 2,822 2,699 2,000 2,049 2,688 2
Slide 9: Trends in self-managed sales ratio and directly managed stores
Trends in self-managed sales ratio and directly managed stores Maintain a stable trend in line with the self-managed sales ratio of 60%, which is the target of the medium-term management plan Trends in self-managed sales直営店店舗数 ratio and number自主管理売上比率 of directly managed stores （store） 170 61% 70% 5
Slide 10: Trends in Inventory Balance
Trends in Inventory Balance Inventory balance at the end of September 2022 will be 94% year-on-year and within the plan Inventory Balance by Quarter (Million yen) Inventory Year-on-year 25,000 150% 149% 20,000 120% 126% 123% 120% 115% 120% 15,000 103% 90% 94% 88% 87% 87% 81% 89% 10,000 60% 5,000 30%
Slide 11: Second Quarter Balance Sheet
Second Quarter Balance Sheet Equity ratio increased by 連結貸借対照表 6.4 points year-on-year as a result of efforts to reduce interest-bearing debt （単位：百万円） Current assets Current Liabilities Net worth Fixed asset Fixed liability (Million yen) 27,372 27,945 51,515 33,701 4,535 32,508 46,399 45,875 41,853
Slide 12: II. Full-year outlook for the fiscal year ending March 2023
II. Full-year outlook for the fiscal year ending March 2023 The full-year outlook remains unchanged. Solid start to the third quarter.
Slide 13: (No revision) Fiscal Year Ending March 2023 Earnings Forecast Summary
(No revision) Fiscal Year Ending March 2023 Earnings Forecast Summary We plan to revise the full-year forecast once we have ascertained trends in the third quarter, which will have a large contribution to earnings. Financial Results Forecast for the Fiscal Year Ending March 2023 (Million yen) Net sa
Slide 14: (No revision) Earnings forecast by business segment
(No revision) Earnings forecast by business segment In response to rising inbound demand, it plans to accept customers from a wide range of areas Sales by business segment (Million yen) Performance Lifestyle Fashion Outlook 35,000 63,500 7,500 Year-on-year 101.8% 112.1% 103.7% Sales composition rati
Slide 15: Changes from the initial forecast in factors behind operating income
Changes from the initial forecast in the graph of factors behind changes in operating income The effect of increased sales offsets the negative factors such as soaring exchange rates and raw material prices, and rising logistics costs. Operating income forecast for the fiscal year ending March 2023
Slide 16: (No revision) Changes in shareholder returns and dividend payout ratio
(No revision) Changes in shareholder returns and dividend payout ratio For FY2023.3, we plan to pay an interim dividend of 25 yen, a year-end dividend of 65 yen, and a full-year dividend of 90 yen, for a dividend payout ratio of 25.5%. (yen) （%） 100 45 90 38.6 40 34.0 80 35 70 30 25.5 60 29.6 25 50
Slide 17: III. Key measures to achieve the full-year forecast
III. Key measures to achieve the full-year forecast Taking advantage of changes in external factors, we will build a supply chain that maximizes our competitive advantage.
Slide 18: Assumptions at the end of the second quarter
Assumptions at the end of the second quarter Progress in the first half was generally in line with expectations. From the second half onwards, we will overcome profit-declining factors such as high raw material prices and distribution costs by improving operations. Prerequisite for the full-year out
Slide 19: Decentralization of production bases for boots and shoes
Decentralization of production bases for boots and shoes Affected by the lockdown in Vietnam in 2021, decentralization of production bases concentrated in southern Vietnam Fall/Winter results 2022 Fall/Winter outlook 2023 Fall/Winter outlook 2024 Year-on-year 126% Year-on-year 130% Year-on-year 130%
Slide 20: Establishment of distribution bases in the Kanto region
Establishment of distribution bases in the Kanto region Operations will begin in January 2023, and full-scale operations are scheduled to begin in April 2023, with the aim of strengthening delivery systems to the Tokyo metropolitan area, which accounts for more than 50% of sales from directly manage
Slide 21: Although external factors are unclear, the amount of impact is limited
Although external factors are unclear, the amount of impact is limited Due to the depreciation of the yen, the full-year impact of the exchange rate is expected to be higher than the first quarter forecast, but the impact is expected to remain in the 1 billion yen range for the following three items
Slide 22: First Quarter Results Announcement: Major Inquiries from Institutional Investors
First Quarter Financial Results Announcement Major Inquiries from Institutional Investors Regarding the progress of the medium-term management plan ◼ Starting in May 2021, we are still at the stage of finishing one year, but I think we are making good progress at present ◼ If the current trend conti
Slide 23: Summary
Summary Fiscal year ending March 2023 2Q results, each profit is above the target in a difficult environment Not only camping demand, but also demand for outings such as travel has increased, and combined sales of not only apparel products but also backpacks and shoes have increased, and both sales
Slide 24: Second Quarter Income Statement Summary
Second Quarter Income Statement Summary 1Q 2Q 1st half cumulative FY20.3 FY21.3 FY22.3 FY23.3 FY20.3 FY21.3 FY22.3 FY23.3 FY20.3 FY21.3 FY22.3 FY23.3 Net sale 18,074 12,200 17,078 21,099 23,094 19,358 21,130 24,210 41,168 31,558 38,208 45,309 Gross 9,531 6,330 8,986 11,122 12,019 9,799 10,514 11,865
Slide 25: Corporate data
Corporate data Company name GOLDWIN INC. Tokyo Head Office: 150-8517, Japan 2-20-6 Shoto, Shibuya-ku, Tokyo Location 03-3481-7201 (Representative) Toyama Head Office: Kiyozawa 210, Oyabe-shi, Toyama 932-0112, Japan 0766-61-4800 (Representative) Establishment December 22, 1951 Capital stock 7,079 mil