Syuppin Co., Ltd. · TSE:3179
Syuppin — Q1 FY2021 Earnings Presentation
19 slides from Syuppin's earnings presentation, 2021
Slide 1: Presentation Materials 1Q March 31, 2021
Presentation Materials 1Q March 31 , 2021
Slide 2: Corporate Information
Corporate Information Name Syuppin Co., Ltd. Securities Code 3179 Representative Naohiko Ono Head Office 3F Nikko Bldg., 14-11 Nishi-Shinjuku 1-chome, Shinjuku-ku, Tokyo, Japan Date of Establishment August 2005 Business Safe and secure online trading of valuable used items No. of Employees 206 (as o
Slide 3: Highlights
Highlights Net sales remained steady against the plan. The gross profit ratio was high and operating profit substantially exceeded the plan. ●Net sales： Temporary closing of physical stores due to the issue of the declaration of a state of emergency from April 11 to May 25. Used item remained steady
Slide 4: Highlights: Trend in monthly net sales by sales channel
Higlights:Trend in monthly net sales by sales channel ●In mainstream online sales, employees received more days off to reduce the infection risk in April and May. Net sales remained strong, mainly used cameras and watches with limited resources (limited commercialization volume). The usual personnel
Slide 5: Trends in Online Net Sales (Details)
Trends in Online Net Sales (Details) Year-on-year comparison of trends in online net sales: 99.6％ Percentage of the Company’s websites: 79.7％ Year-on-year comparison of the Company’s websites: 106.2％ → Sales of used products remained steady in both the camera and watch segments. Year-on-year compari
Slide 6: Trends in Store net sales, Duty-free sales, Cross-border online sales (Details)
Trends in Store net sales, Duty-free sales, Cross-border online sales (Details) Store net sales Duty-free sales (excl. duty-free sales) （Million yen） （Million yen） New 400 Used 1,000 200 800 0 Aug Sep Jan Aug Sep Jan Aug Sep Jan Jul Oct Nov Apr Jul Oct Nov Apr Jul Oct Nov Apr Feb Mar Jun Feb Mar Jun
Slide 7: Highlights: Trends in Ratio of Used Items to Total Sales
Highlights: Trends in Ratio of Used Items to Total Sales ●Sales of used items (cameras and watches) remained strong, a ratio of used items to total sales exceeded 55％. For June, partly due to the release of new large-sized cameras, the ratio of used items to total sales declined slightly. 70.0% 61.7
Slide 8: Review of the 1Q for the Fiscal Year Ending March 31, 2021
Review of of the 1Q for the Fiscal Year Ending March 31, 2021 Net Online net sales of used cameras and watches remained strong. The impact of the temporary closing of sales physical stores on net sales was large forＱ. Net sales at physical stores staged a mild rebound. Gross Maintained the gross pro
Slide 9: Year-on-Year Change in SGA Expenses
Year-on-Year Change in SGA Expenses Factors of increase FY03/2020 Q1 FY03/2021 Q1 Year-on-Year Change Gave special holidays that guaranteed employment/wages to employees to reduce the Ratio to rise of infection during the period of the （Million yen） Ratio to Ratio to declaration of a state of emerge
Slide 10: Changes in Balance Sheet
Changes in Balance Sheet ●The outlook for the market (product prices) was unclear with the first wave of the COVID- coronavirus pandemic in April, and inventory risk was reduced temporarily. In addition, it was difficult to pursue active purchasing measures with a limited personnel resources structu
Slide 11: Year-on-Year Changes in Net Sales and Incomes by Segment
Year-on-Year Changes in Net Sales and Incomes by Segment （Million yen） Segments/Sales Channel FY03/2020 Q1 FY03/2021 Q1 YoY% 備考 （ ）The percentage of sales Actual Actual Change Online net sales ●Net sales on the Company’s websites remained strong. Net sales at malls were 3,958 3,777 95.4% weak until
Slide 12: Trends in Quarterly Net Sales by Segment
Trends in Quarterly Net Sales by Segment Consumption Coronavirus （Million yen） tax hike in effect from mid- 10,000 October February Bicycles 121 165 120 124 Temporary Stationeries 133 112 closing of 122 113 121 physical Watches 150 121 135 stores from 8,000 112 125 April 11 to 113 126 100 156 126 Ca
Slide 13: Trends in Quarterly Operating Income and Operating Margin
Trends in Quarterly Operating Income and in Quarterly Operating Margin ● According to our plan, we were expecting a moderate level of operating profit due to the impact of the COVID-19 coronavirus, but it surpassed the plan due to a high gross profit ratio and strong net sales of used items. We expe
Slide 14: Trends in Quarterly Net Sales by Sales Channel
Trends in Quarterly Net Sales by Sales Channel （Million yen） Coronavirus Consumption effect from 10,000 tax hike in mid-February Duty-free sales at stores October Store net sales (excl. duty-free sales) 1,082 786 Temporary closing of Online net sales physical 823 8,000 922 1,092 stores from 920 739
Slide 15: Trends in the Quarterly Number of Online Members
Trends in the Quarterly Number of Online Members ● Monthly increase of approx. 4,000 new members continued. 111.8％ of the number in the same period of the previous year. ● Needs for product categories carried by the Company (hobby/luxury items) remained unchanged under the COVID-19 coronavirus envir
Slide 16: Attributes of Online Members
Attributes of Online Members ● Members consist of a wide range of age groups, in which those in their 10s to 30s comprise 42.0％ Women in their 10s to 30s account for a high percentage, 22.1％ %, reflecting the popularization of social media such as Instagram. ● Even though the weighting of younger pe
Slide 17: Supplementary Material: Trends in Online Purchases of Used Cameras
Supplementary Material: Trends in Online Purchases of Used Cameras ● Started a service of online personal identification with AI face authentication. There was a temporary closing of physical stores (including purchases) from April 11 to May 25, and this led to a rise in the online purchase ratio fo
Slide 18: Supplementary Material: Trends in Receive-First Send-Later Transactions
Supplementary Material:Trends in the Number of Receive-First Send-Later Transactions ● Send-Later and Receive-First transactions increased 107.8％year on year. The growth rate declined slightly with a limited personnel resource structure in place in April and May. We moved back to the usual structure
Slide 19: Notes on Forward-Looking Statements
Notes on Forward-Looking Statements ● The materials and information provided in this presentation contain forward-looking statements. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and involve uncertainties. For this reason, the actual outcom