Goldwin Inc. · TSE:8111
Goldwin — Q2 FY2021.3 Earnings Presentation
30 slides from Goldwin's earnings presentation, Nov 6, 2020
Slide 1: 2Q Results Briefing for the Fiscal Year Ending March 31, 2021
GOLDWIN INC. （8111） 2Q Results Briefing for the Fiscal Year Ending March 31, 2021 Aug 6, 2020
Slide 2: Table of Contents
Table of Contents Ⅰ. 2Q Results Briefing for the Fiscal Year Ending March 31, 2021 P. 2 ～ P.11 Ⅱ. Timely disclosure associated with novel coronavirus pandemic P.12 ～ P.15 Ⅲ. Full year outlook for the fiscal year ending March 2021 P.16 ～ P.20 Ⅳ. Initiatives for sustainable growth P.21 ～ P.29 Copyrigh
Slide 3: I. 2Q Results Briefing for the Fiscal Year Ending March 31, 2021
I. 2Q Results Briefing for the Fiscal Year Ending March 31, 2021 After the state of emergency was lifted, both directly managed stores and wholesale sales continued to perform well, and as a result of the conversion to a highly profitable structure, the company returned to profitability in the first
Slide 4: Summary of 2Q Results Briefing for the Fiscal Year Ending March 31, 2021
Summary of 2Q Results Briefing for the Fiscal Year Ending March 31, 2021 Exceeds the revised plan and moves into the black from the deficit forecast in the first half financial results ◼ According to the outlook at the beginning of the term, all directly managed stores were closed during the first q
Slide 5: Summary of 2Q Results Briefing for the Fiscal Year Ending March 31, 2021
Summary of 2Q Results Briefing for the Fiscal Year Ending March 31, 2021 Financial results for the second quarter of the fiscal year ending March 2021 ( million yen) Net sales Gross profit Operating income Ordinary income Net income Result 31,558 16,129 1,236 1,395 623 Year-on-year 76.7% 74.8% 22.3%
Slide 6: Cumulative second quarter sales by brand business
Cumulative second quarter sales by brand business Sales by brand business (million yen) Outdoor Athletic Winter Other Result 26,052 3,561 615 1,329 Year-on- year 86.2% 42.1% 76.1% 78.2% Sales composition 82.6% 11.3% 1.9% 4.2% Outdoor Athletic Winter Other (Million Yen) Net sales Net sales Net sales
Slide 7: Quarterly sales trends by brand business
Quarterly sales trends by brand business In the second quarter, outdoor activities recovered to the same level as the previous quarter. Except for special athletic factors, others are on a recovery trend （ Million Yen ） Outdoor first half (6 months) 86.2% year on year Athletic 1st half (6 months) 42
Slide 8: Changes in self-managed sales ratio and directly managed stores
Changes in self-managed sales ratio and directly managed stores Wholesale is doing as well as the self-managed sales floor. Establish a well-balanced sales system Changes in self-managed sales ratio and number 直営店店舗数 of directly managed stores 自主管理売上比率 （Store） 56% 56% 57% 160 52% 54% 53% 60% 48% 155
Slide 9: Changes in EC sales
Changes in EC sales The change in buying method is remarkable due to the coronavirus pandemic. Promote customer development with site renewal. Changes in EC sales and EC sales ratio （100 million yen） 14% EC sales EC sales ratio 160 12.0% 12% 140 10% 9.0% 120 100 8% 80 6% 60 4% 40 2% 20 0% 0 FY14.3 F
Slide 10: Inventory balance year on year
Inventory balance year on year Purchasing of autumn / winter items has started, and although the actual amount will increase, it will gradually decrease from the previous quarter. Quarterly inventory balance trends （ Million Yen ） Inventory Year on year 25,000 180% 149% 126% 120% 150% 20,000 115% 12
Slide 11: Factors of increase / decrease in operating income Q2 results
Factors of increase / decrease in operating income Q2 results Although they were expected to be in the red at the beginning of the term, the recovery of directly managed stores was quick, and profits were secured through the contribution of EC, etc. Initial outlook Performance （ Million Yen ） （ Mill
Slide 12: Q2 FY03 / 2021 Balance Sheet
Q2 FY03 / 2021 Balance Sheet Increased cash and deposit balance by 2.7 billion yen from the previous fiscal year in 連結貸借対照表 consideration （単位：百万円） of flexible cash flow due to coronavirus pandemic. Current assets Current liabilities Net assets （ Million Yen ） Fixed assets Fixed debt 33,701 32,508 46
Slide 13: II. Timely disclosure associated with novel coronavirus pandemic
II. Timely disclosure associated with novel coronavirus pandemic Three changes due to coronavirus pandemic Assumptions for quarterly performance formulation
Slide 14: Three changes due to the coronavirus pandemic and its impact on our company and response
Three changes due to the coronavirus pandemic and its impact on our company and response Impact on our company due to coronavirus pandemic New lifestyle Our response Business opportunity Business risk Increasing health Decrease in new wearing Changes in consciousness for safety and opportunities due
Slide 15: Changes in business outlook due to the impact of the novel coronavirus
Changes in business outlook due to the impact of the novel coronavirus In the initial outlook, we expected a recovery in inbound demand at the end of the year, but changed to the outlook for the next and subsequent years First outlook Announced this time Outlook Performance (May 14) (November 6) In
Slide 16: Assumptions for formulating forecast for the fiscal year ending March 2021
Assumptions for formulating forecast for the fiscal year ending March 2021 Review Q4 due to delay in recovery of inbound demand Quarterly sales trends from the previous quarter EC and wholesale sales After the state of emergency was Initial 120% supported sales even when lifted, camping became a soc
Slide 17: III. Full-year outlook for the fiscal year ending March 2021
III. Full-year outlook for the fiscal year ending March 2021 The full-year outlook remains unchanged. Policy to promptly disclose if necessary after assessing the results of the third quarter
Slide 18: Full-year outlook summary for the fiscal year ending March 2021
Full-year outlook summary for the fiscal year ending March 2021 Forecast of financial results for the fiscal year ending March 2021 (million yen) Net sales Operating income Ordinary income Net income Outlook 84,000 8,100 9,600 6,400 Year-on- year 85.8% 46.3% 58.6% 59.4% Net sales profit ratio － 9.6%
Slide 19: Full-year sales forecast by brand business
Full-year sales forecast by brand business Sales forecast by brand business (million yen) Outdoor Athletic Winter Other Outlook 70,400 8,900 2,100 2,600 Year-on- year 90.4% 62.3% 79.4% 84.9% Sales composition 83.8% 10.6% 2.5% 3.1% Outdoor Athletic 120,000 120,000 Winter Other （ Million Yen ） 100,000
Slide 20: Factors behind increase / decrease in operating income Full-year outlook
Factors behind increase / decrease in operating income Full-year outlook Expected to be 4.6 billion yen higher than the initial forecast due to recovery at directly managed stores and wholesale stores Revised outlook for the fiscal year ending March 31, 2021 First outlook for the fiscal year ending
Slide 21: Changes in shareholder returns and dividend payout ratio
Changes in shareholder returns and dividend payout ratio The annual dividend for the fiscal year ended in March 2020 increased from the forecast of 50 yen to 60 yen (from 100 yen to 120 yen before the stock split). We will maintain the annual dividend and implement sustainable shareholder returns in
Slide 22: IV. Initiatives for Sustainable Growth
IV. Initiatives for Sustainable Growth Started overseas expansion under our own Goldwin brand. The third sustainable product using "Brewed Protein™" "The Sweater" will be available for lottery sales from November 20.
Slide 23: Launched sustainable overseas expansion with Goldwin and Spiber
Launched sustainable overseas expansion with Goldwin and Spiber The third "The Sweater" is a strategic product for global expansion under the Goldwin brand. Future outlook Currently, our sales of environmentally friendly products account for only about 13% of Aiming for "recycling total sales. In th
Slide 24: Goldwin opens European retail store in Munich
Goldwin opens European retail store in Munich Opened in Munich, the fourth directly managed store and the second overseas store (first store in Europe) October 2020 Opened Goldwin Munich History of Goldwin store development Copyright © GOLDWIN INC. All Rights. 23
Slide 25: Opened "THE NORTH FACE Repair Center"
Opened "THE NORTH FACE Repair Center" Through repair services, we can deepen attachment to the product and explore the possibilities of future product development Implemented two repair services: "Online Proposing product repair and appealing Repair" and "Repair Shop" long-life value as THE NORTH FA
Slide 26: HELLY HANSEN Supports round-the-world yacht racing
HELLY HANSEN Supports round-the-world yacht racing Provided clothing for the "Vendēe Globe 2020" around-the-world yacht race competitor and marine adventurer Kojiro Shiraishi Major development products PHOTO: Yoichi Yabe PHOTO: Yoichi Yabe The round-the-world yacht race "Vendèe Globe," considered to
Slide 27: Summary
Summary The results for the second quarter of the fiscal year ending March 2021 will move into the black after the deficit forecast for the previous quarter. In the second quarter, after the state of emergency was lifted, both directly managed stores and wholesale sales continued to perform well, an
Slide 28: Corporate data
Corporate data Company name GOLDWIN INC. Tokyo Head Office 150-8517, Japan 2-20-6 Shoto, Shibuya-ku, Tokyo 03-3481-7201 (Representative) Location Toyama Head Office Kiyozawa 210, Oyabe-shi, Toyama 932-0112, Japan 0766-61-4800 (Representative) Establishment December 22, 1951 Capital stock ¥7,079 mill
Slide 29: Key financial indicators
Key financial indicators First quarter Second quarter Cumulative first half year April-end of June 2020 July-end of September 2020 April-end of September 2020 Increase/ Increase/ Increase/ FY20.3 FY21.3 Decrease YoY FY20.3 FY21.3 Decrease YoY FY20.3 FY21.3 Decrease YoY Net sales 18,074 12,200 ▲ 5,87
Slide 30: Precautions regarding business outlook
Precautions regarding business outlook This document contains plans and outlooks related to the future performance of the Group, such as sales and profits. Please note that these are based on the assumptions that the Group has made, judged from available information and based on assumptions, and act