Komehyo Holdings Co., Ltd. · TSE:2780
Komehyo — Q1 FY2021 Earnings Presentation
22 slides from Komehyo's earnings presentation, Aug 13, 2020
Slide 1: Earnings Results Briefing for the First Quarter of FY Ending March 31, 2021
Earnings Results Briefing for the First Quarter of the Fiscal Year Ending March 31, 2021 August 13,2020 KOMEHYO Co., Ltd. Securities code: 2780 (Second Section, Tokyo and Nagoya Stock Exchanges) Corporate Planning Department IR strategy group Phone +81-52-249-5366
Slide 2: Business restart status of each company in KOMEHYO GROUP
Business restart status of each company in KOMEHYO GROUP Determine sales policies by giving top priority to the safety of customers and employees 【Installed a splash prevention sheet】 Stores Chubu area・All Purchase center： May 18 reopened Kansai area：May 22 reopened Kanto area：May 26 reopened Brand
Slide 3: Measures to prevent the spread of the novel coronavirus
Measures to prevent the spread of the novel coronavirus April ~ Late May : temporary store shutdown/reduced opening hours、 online store sales, web-based education, and telecommuting 【Measures taken during temporary store shutdown】 ・Online store : Open for business Customers ・Home delivery Purchasing
Slide 4: FY 2021 1Q Financial Summary
FY 2021 1Q Financial Summary 【Performance Highlights】 Significant decline in net sales and recording operating losses due to temporary store closures FY2021 1Q Non- FY2021 1Q Consolidated YoY YoY (Millions of yen) Consolidated (Millions of yen) Net sales 7,861 63.2％ Net sales 5,321 47.9％ Operating l
Slide 5: Economic Trend
Economic Trend Despite the impact of the Novel coronavirus, Non-consolidated sales are recovering Net sales YoY Department store(fine arts/jewelry/precious metals) Stock Price (%) （yen） KOMEHYO net sales(non-consolidated) 250 Nikkei Stock Average(monthly closing price) the Novel coronavirus Infectio
Slide 6: Overview of Income Statement (Consolidated)
Overview of Income Statement （ Consolidated ） Consolidated (Millions of yen) FY2019 1Q FY2020 1Q FY2021 1Q Change YoY Net sales 11,271 12,439 7,861 △4,577 63.2％ Gross profit 3,224 3,421 1,888 △1,533 55.2％ Gross profit 28.6％ 27.5％ 24.0％ △3.5pt － margin SG&A expenses 2,894 3,328 2,748 △579 82.6％ Opera
Slide 7: Overview of Income Statement (Non-Consolidated)
Overview of Income Statement （ Non-Consolidated ） Non-Consolidated (Millions of yen) FY2019 1Q FY2020 1Q FY2021 1Q Change YoY Net sales 9,934 11,105 5,321 △5,784 47.9％ Gross profit 2,735 2,928 1,192 △1,736 40.7％ Gross profit 27.5％ 26.4％ 22.4％ △4.0pt － margin SG&A expenses 2,445 2,791 1,790 △1,000 64
Slide 8: Operating income increase and decrease factor (Consolidated)
Operating income increase and decrease factor（ Consolidated ） The company was forced to temporarily close stores and operated at a loss due to a decline in net sales. (Millions of yen) Operating income （△953） 92 △ 860 Increase in personnel expenses due to business expansion △112 Increase in General
Slide 9: Extraordinary income/Extraordinary loss (Consolidated)
Extraordinary income/ Extraordinary loss(Consolidated) Rent and personnel expenses incurred during temporary store shutdown recorded as extraordinary expenses (Millions of yen) Subsidy income 210 Extraordinary income 210 Extraordinary loss △506 Losses incurred due to General and administrative expen
Slide 10: Overview of Balance Sheet
Overview of Balance Sheet (Consolidated) Cash in reserves secured through borrowing to combat the novel coronavirus pandemic Consolidated Liabilities and Non-Consolidate (Millions of yen) Total assets Net Assets Total assets 38,797 Liabilities and 38,797 Liabilities and Net Assets Total assets 31,91
Slide 11: By Segment
By Segment (Millions of yen) FY2019 1Q FY2020 1Q FY2021 1Q Change YoY Net sales 10,374 11,701 7,137 △4,564 61.0％ Fashion Brand Operating 343 184 △823 △1,008 － income Operating 3.3％ 1.6％ － － － margin Net sales 879 716 711 △5 99.3％ Tire and Wheel Operating △23 △95 △33 62 － income Operating △2.7％ △13.4
Slide 12: Brand・Fashion purchase (Non-Consolidated)
Brand・Fashion purchase (Non-Consolidated) Four purchase centers opened. Non-face-to-face home delivery purchasing continued. Amount of purchase from individual customers FY2019 1Q FY2020 1Q FY2021 1Q Change YoY (Millions of yen) Purchase center 4,949 5,818 1,690 △4,127 29.1％ (Includes purchase event
Slide 13: Brand・Fashion New store (Non-Consolidated)
Brand・Fashion New store (Non-Consolidated) A three-store system in the proximity of Shinjuku Station was completed, enhancing convenience for customers 【KOMEHYO SHINJUKU WOMEN ’20.6】 【Image】 12
Slide 14: Store Type (Non-Consolidated)
Store Type （ Non-Consolidated ） 39 stores Large-scale Nagoya Store，Meieki Store, 5 stores Ginza Store，Umeda Store, SHINJUKU Sale and purchase * Sales/Purchase Ladies casual clothing, Bags, small items, etc. Jewelry, precious metals, watches,bags,clothing,etc. 5stores Mid-scale Opening stores in larg
Slide 15: EC OMO (Non-Consolidated)
EC OMO※ (Non-Consolidated) Rapid increase in the use of "in-house EC" in March due to the influence of people refraining from going out Net sales No. of products (Millions of yen) FY2019 1Q FY2020 1Q FY2021 1Q YoY sold YoY E-commerce-induced sales 1,866 1,765 1,253 71.0％ 94.8％ E-commerce-induced sal
Slide 16: Sales to corporate customers
Sales to corporate customers Online bidding auctions started in May 2020. Trade volume YoY (Millions of yen) FY2021 1Q 2,689 41.7％ 【Transition of auction distribution amount 【Online bidding auctions started in May 2020. 】 for domestic corporations】 (Millions of yen) 4月後半大会 6,449 中止等により減少 5,757 2,689
Slide 17: Plan for the Fiscal Year Ending March 31, 2021
Plan for the Fiscal Year Ending March 31, 2021 Medium-term Management Plan Disclosure when reasonably foreseeable Strengthening purchasing measures Net sales Plan for the Fiscal Year Propulsion of contactless business including contactless Ending March 31, 2021 customers Medium-term Management Plan
Slide 18: Corporate Profile
Corporate Profile Company name KOMEHYO Co., Ltd. Established May 1979 Head Office 3-25-31 Osu, Naka-ku, Nagoya Representative President, Representative Director: Takuji Ishihara Capital 1,803 million yen No. of Consolidated: 958 Non-Consolidated: 544 (As of June 2020) employees Buying and selling us
Slide 19: Corporate History
Corporate History ●Opened Umeda Store, Shinjyuku Store ANNEX,Meieki Store ●Acquired Eve Corporation Co.,Ltd. ●Established Auto Parts KOMEHYO KK (currently AUTO PARTS JAPAN) ●Opened KOMEHYO ●Established KOMEHYO HONG KONG LIMITED SHINJUKU WOMEN, ●Acquired CRAFT Co., Ltd. Purchasing Center ●Established
Slide 20: Management philosophy
Management philosophy KOMEHYO GROUP 2s fl Ht OS MSRAIS ESP REY) RLBHISAM RES es tll Go RE MR- RMR - His <> @HIBE oo — BERN SPE<MSLOVUEMBBLEF — BETHACESPUDGSBBEOUET —. ZILIA L HMLO DU SHASASBTET — BRUEBRAbcTHSICAML, KBORMRCHRtEBBLEF es PRIEB cs YL-1-AZ*4BELTEERIBECBHERERTS RYE —a—ALI [E7BAM GAS LEK(I
Slide 21: Business system diagram
Business system diagram General customers, etc. Used and new product dealers, etc. Manufacturer, etc. Purchase by buying Purchasing and brokering Purchasing new Sale used and new products Sale used goods products 【KOMEHYO GROUP】 KOMEHYO Brand・Fashion business Brand Reuse Business Tire and Wheel busi
Slide 22: Talented person fixation degree
Talented person fixation degree (Non-Consolidated) Staff turnover remained low , improving the stability of the work force Turnover The No. of employees（Brand-Fashion) The No. of rate（％） Turnover rate employees 30 General regular workers(except part-time workers)(Ministry of Health,Laver and Welfare