Ain Holdings Inc. · TSE:9627
Ain — FY4/21 Earnings Presentation
28 slides from Ain's earnings presentation, Jun 11, 2021
Slide 1: FY4/21 IR Presentation
FY4/21 IR PRESENTATION June 2021
Slide 2: Results Overview
Results Overview © 2020 AIN HOLDINGS INC. All Rights Reserved. 1
Slide 3: Consolidated P/L
Consolidated P/L Net sales increased 1.6% YoY and decreased 0.9% against the plan due to the contribution of store opened in previous year, despite the impact of the COVID-19. Ordinary income declined 24.8% YoY due to lower gross profit margins and up 26.5% against the plan. FY4/20 FY4/21 FY4/21 YoY
Slide 4: Dispensing Pharmacy Business (Consolidated)
Dispensing Pharmacy Business (Consolidated) Net sales decreased 0.2% YoY and 0.6% against the plan due to the reduction of prescription volume caused by impact of the COVID-19 outbreak. Segment income up 0.5% YoY and 15.1% against the plan due to raising efficiency of store operation. FY4/20 FY4/21
Slide 5: Cosmetic and Drug Store Business (Consolidated)
Cosmetic and Drug Store Business (Consolidated) Net sales declined 21.4% YoY and 2.9% against the plan due to temporarily closed or shorted opening hours at many stores. Segment loss was ¥1,999 million due to net sales declined. FY4/20 FY4/21 FY4/21 YoY YoY Vs plan (¥ million) results plan results c
Slide 6: Consolidated B/S
Consolidated B/S Net cash became ¥43,171 million and shareholders’ equity ratio became 56.8%. We are maintaining a sound financial structure even during the COVID-19 outbreak. (¥ million) (¥ million) End-FY4/20 End-FY4/21 Assets Liabilities Assets Liabilities Current assets 74,700 Current assets 74,
Slide 7: Assets
Assets The balance of total assets increased ¥10,211 million from the end of the previous fiscal year due to increase of cash on hand and in banks. (¥ million) End-FY4/19 End-FY4/20 End-FY4/21 Change Cash on hand and in banks 48,091 46,321 55,271 +8,950 Notes and accounts receivable 12,771 13,653 13
Slide 8: Liabilities and Net Assets
Liabilities and Net Assets The balance of liabilities increased ¥5,378 million from the end of the previous fiscal year due to increase of long-term debt for investment purpose. (¥ million) End-FY4/19 End-FY4/20 End-FY4/21 Change Accounts payable 44,794 47,187 46,758 (429) Short-term debt 5,571 3,64
Slide 9: Consolidated C/F
Consolidated C/F Operating activities was ¥14,928 million due to active new store opening especially focus on large- scale store. Cash and cash equivalents at end of the year increased ¥9,078 due to increase of long- term debt. (¥ million) FY4/20 FY4/21 Change Net cash provided by operating activiti
Slide 10: Business Value Analysis
Business Value Analysis FY4/19 FY4/20 FY4/21 Change Shareholders’ equity ratio (%) 54.9 57.3 56.8 (0.5) Market value equity ratio (%) 165.7 110.4 105.6 (4.8) PER (times) 34.68 23.27 32.11 +8.84 EPS (¥) 254.87 259.11 189.04 (70.07) PBR (times) 3.01 1.92 1.86 (0.06) BPS (¥) 2,931.48 3,130.77 3,267.49
Slide 11: FY4/22 Plan (Consolidated)
FY4/22 Plan (Consolidated) The group forecasts net sales for the fiscal year ending April 30, 2022 of ¥315,000 million, increase 6.0% YoY and ordinary income of ¥15,500 million, increase 22.5% YoY. FY4/20 FY4/21 FY4/22 YoY YoY （¥ million） results results plan change change(%) Net sales 292,615 297,3
Slide 12: Review
Review © 2020 AIN HOLDINGS INC. All Rights Reserved. 11
Slide 13: Daily new COVID-19 cases across Japan
Daily new COVID-19 cases across Japan As of June 10, the number of domestic cases of the COVID-19 infection and deaths was 762,459 and 13,908, respectively. Second declaration of Third declaration of （people） the state of emergency the state of emergency 12,000 Jan.8－Mar.21 Apr.25－ No. of positive c
Slide 14: Review (YoY)
Review (YoY) Ordinary income decreased ¥4.2 billion because declined net sales couldn’t absorb investments costs for system etc. and labor costs for new employees. Net sales +¥4.6 billion Ordinary income ¥(4.2) billion ¥297.3 billion ¥292.6 billion ¥16.8 billion Dispensing Dispensing Dispensing Phar
Slide 15: Review (Vs plan)
Review (Vs plan) Although net sales fell below the plan, ordinary income increased ¥2.6 billion against the plan due to cost reduction, etc. Net sales ¥(2.7) billion Ordinary income +¥2.6 billion ¥300.0 billion ¥297.3 billion ¥12.6 billion Dispensing Dispensing ¥10.0 billion Dispensing Pharmacy Phar
Slide 16: Strategy
Strategy © 2020 AIN HOLDINGS INC. All Rights Reserved. 15
Slide 17: Strategy
Strategy Expansion of Top-line ■Dispensing Pharmacy Planning to open 80 pharmacies （Organic 40, M&A 40 ） ■Cosmetic and Drug Store Planning to open 15 stores Proper staffing ■Planning to hire 600 newly graduated pharmacists（hired 613 new pharmacists in FY4/21） ■Assign personnel properly and strengthe
Slide 18: Opening
Top-line The group opened 40 stores including M&A, and closed 57 stores during the FY4/21. We plan to open 95 and close 7 stores, resulting in a total of 1,222 stores at the end of the FY4/22. ■ Plan FY4/21 FY4/22 Plan Results Plan Dispensing Pharmacy 38 29 80 Hokkaido 16 15 40 122 Organic Opening M
Slide 19: Recruiting of Pharmacists
Recruiting of Pharmacists In April 2021, new 613 pharmacists has joined our group. We aim to hire roughly the same number in fiscal 2022 to prepare for expansion of business scale by accelerating store openings. ■ The transition of No. of national examination passers and new qualified pharmacists in
Slide 20: Pharmacies as social infrastructure
Pharmacies as social infrastructure “Pharmacy’s vision for patients“ Certified pharmacies Function of advanced Function of pharmacies cooperating with pharmaceutical management specialized medical institutions Pharmacies that can handle special dispensing that ■Securing pharmacists' expertise for ad
Slide 21: FY4/22 Plan (Consolidated) Basis of the plan
FY4/22 Plan (Consolidated) Basis of the plan The group expects to recover gradually from impact of the COVID-19 in FY4/22. We will continue store opening including M&A, securing dispensing fee, effective store operation and reinforcing business base. Net sales +¥17.7 billion Ordinary income +¥2.9 bi
Slide 22: FY4/22 Plan (Dispensing Pharmacy Business)
FY4/22 Plan (Dispensing Pharmacy Business) The group forecasts net sales for the fiscal year ending April 30, 2022 increase 5.0% and Segment income increase 8.4% YoY by opening 80 new stores including M&A and closing 5 stores. FY4/20 FY4/21 FY4/22 YoY YoY (¥ million) results results plan change chan
Slide 23: ainz & tulpe ① New store opening in FY4/21
ainz & tulpe ① ainz & tulpe new store opening in FY4/21 11 stores Sapporo Kokusai bldg. (Dec. 2020) Daimaru Kyoto Tekute Nagamachi （ Mar. 2021） （Jun. 2020） Hikarigaoka IMA (Dec. 2020) Hibiya chanter (Jul. 2020) Daimaru Umeda （Jun. 2020） Tokyu plaza totsuka （Sep. 2020） AMU PLAZA Kumamoto （Apr. 2021）
Slide 24: ② New store review
② New store review Normally, ainz & tulpe grows in the second and third year of store openings with increase of customer recognition, but now stores do not achieve its original profitability affected by spread of the COVID-19 infection. ■ Average monthly net sales（Before impact of the COVID-19) Open
Slide 25: FY4/22 Plan (Cosmetic and Drug Store Business)
FY4/22 Plan (Cosmetic and Drug Store Business) The group forecasts net sales for the fiscal year ending April 30, 2022 increase 28.7% YoY and segment income increase ¥1.3 billion by opening 15 new stores and closing 2 stores. FY4/20 FY4/21 FY4/22 YoY YoY (¥ million) results results plan change chang
Slide 26: FY4/22 Plan (Consolidated)
FY4/22 Plan (Consolidated) The group forecasts net sales for the fiscal year ending April 30, 2022 increase 6.0% and ordinary income increase 22.5% YoY by opening new stores (80 dispensing pharmacies and 15 cosmetic and drug stores). FY4/20 FY4/21 FY4/22 YoY YoY （¥ million） results results plan chan
Slide 27: AIN HOLDINGS INC. Corporate Planning Division
Inquiries related to this presentation should be addressed to AIN HOLDINGS INC. Corporate Planning Division TEL(81)11-814-0010 FAX(81)11-814-5550 https://www.ainj.co.jp/ This document may not be reproduced or distributed to any third party without prior approval of AIN HOLDINGS INC. This document ha
Slide 28: AIN GROUP
AIN GROUP