Tsi Holdings Co., Ltd. · TSE:3608
Tsi — FY2024 Earnings Presentation
25 slides from Tsi's earnings presentation, Apr 15, 2024
Slide 1: Results Briefing: FY Ending Feb. 2024
Results Briefing: FY Ending Feb. 2024 15th April 2024 Security code： 3608
Slide 2: Agenda
AGENDA 1 Results Overview FY Ending Feb. 2024 2 Brands Overview 3 About Business Situation by Channel 4 Full-year Consolidated Business Plan for FY Ending Feb. 2025 5 Reference Data
Slide 3: Results Overview FY Ending Feb. 2024
1 Results Overview FY Ending Feb. 2024
Slide 4: Results of FY Ending Feb. 2024: Executive summary
4 Results of FY Ending Feb. 2024. : Executive summary 【Summary of the FY Ending Feb. 2024】 ■ Market Environment As the restrictions related to the COVID-19 pandemic relaxed, economic activity gradually normalized. Despite the effects of extreme heat and a mild winter, consumer appetite improved from
Slide 5: Results of FY Ending Feb. 2024: Executive summary (Overseas Business)
5 Results of FY Ending Feb. 2024. : Executive summary ■ Overseas Business The U.S. athleisure market, a major area of our company's overseas business, has become oversupplied due to the push- back from the special demand during the pandemic, and price competition has intensified. Profitability has d
Slide 6: Highlights of Results for FY Ending Feb. 2024
6 Highlights of Results for FY Ending Feb. 2024 Some of our golf brands and U.S. streetwear businesses, which performed well during the pandemic, have stagnated due to market normalization and the push-backs of the special demand during the pandemic. This has had a major impact on the profitability
Slide 7: FY02/2024 Full Year Difference from the adjusted forecast
7 FY02/2024 Full Year Difference from the adjusted forecast Although the company initially aimed for an operating profit of 4.70 billion yen, it faced various challenges which negatively impacted its performance. This led to a revised operating profit forecast of 1.40 billion yen. However, operating
Slide 8: Net Income Impact Items
8 Net Income Impact Items for FY Ending Feb. 2024 The company's ordinary profit for the period was 3.75 billion yen, which included 1.99 billion yen in non-operating profits such as dividend income and real estate income. Additionally, the company posted an extraordinary income of 290 million yen, w
Slide 9: About Balance Sheet
9 About Balance Sheet > Cash and Deposits 【 Comparison with the previous term 】 Decreased by 4.7 billion yen due to an increase in inventories, etc. Unit:Million Yen FY Ending Feb. Cumulative Q3RD > Inventory FY Ending Feb. 2024 2023 2024 Ending Feb. Compositio Compositio Results n Results n Results
Slide 10: Brands Overview
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Slide 11: Individual Overview of Major Brands in FY Ending Feb. 2024
11 Individual Overview of Major Brands in FY Ending Feb. 2024 Key brands experienced steady growth, except for those with stagnated sales due to pre-consumption of future demand caused by pandemic-induced buying surge. Margaret Howell, Avirex, and Stussy marked double-digit growth compared to the pr
Slide 12: About Business Situation by Channel
３ About Business Situation by Channel
Slide 13: Domestic Sales by Channel
13 Sales by Channel for FY Ending Feb. 2024 Sales at domestic physical stores increased to 3.07 billion yen, which is 103.5% higher compared to the previous year. Although the number of stores decreased by 7, the overall store sales increased due to the significant growth of sales at the urban roads
Slide 14: E-commerce in FY Ending Feb. 2024
14 E-commerce in FY Ending Feb. 2024 EC sales were 39.70 billion yen, 92.7% YoY, due in part to the impact of overseas business, which continues to face a sluggish market, and the withdrawal of some brands. Sales of Existing Domestic Business: 98.1% YoY. Streetwear brands, which had experienced robu
Slide 15: Full-year Consolidated Business Plan for FY Ending Feb. 2025
Full-year Consolidated Business Plan ４ for FY Ending Feb. 2025
Slide 16: Profit and Loss Plan for FY Ending Feb. 2025
16 Profit and Loss Plan for FY Ending Feb. 2025 The sales forecast is 160 billion yen, a 103.0% increase YoY, which takes into account both increases and decreases in sales due to structural reforms. The operating profit is expected to be 2 billion yen, a 113.6% increase YoY, despite a one-time decr
Slide 17: Profit and Loss Plan for FY Ending Feb 2025: Variance in Operating Profit
17 Profit and Loss Plan for FY Ending Feb 2025: Variance in Operating Profit • Gross margin deterioration of 1.4 billion yen due to depreciation of the Japanese yen/soaring raw material costs and impact of inventory optimization • Improvement in profit by 1.44 billion yen due to business growth and
Slide 18: Reference Data
TS| HOLDINGS JILL by JILL STUAR:
Slide 19: Highlights of Q4 Results for FY Ending Feb. 2024
19 Highlights of Q4 Results for FY Ending Feb. 2024 Unit：Million Yen Consolidated Financial Q4TH 2023 Ending Feb. Q4TH 2024 Ending Feb. Highlights -Profit and Loss- (December to February) Results Composition Results Composition Y/Y Y/Y (%) Rate (%) Rate (%) Change Net Sales 39,050 100.0 40,526 100.0
Slide 20: Highlights of Full-year Results for FY Ending Feb. 2024
20 Highlights of Full-year Results for FY Ending Feb. 2024 Unit：Million Yen Consolidated Financial FY Ending Feb. 2023 FY Ending Feb. 2024 Highlights -Profit and Loss- Composition Composition Y/Y (December to February) Results Rate (%) Results Rate (%) Change Y/Y (%) Net Sales 154,456 100.0 155,383
Slide 21: Net Sales Per Channel
21 Highlights of Full-year Results for FY Ending Feb. 2024 Unit：Million Yen Net Sales FY Ending Feb. 2023 FY Ending Feb. 2024 Per Channel Composition Composition Composition Results Rate (% ) Results Rate (% ) Y/Y (%) Rate Y/Y Change(pt) Department Stores 19,555 12.7 19,258 12.4 98.5 -0.3pt Commerci
Slide 22: Brands Overview
22 Highlights of Full-year Results for FY Ending Feb. 2024 Unit：Million Yen Brands Overview FY Ending Feb. 2023 FY Ending Feb. 2024 YoY Composition Gross Profit Composition Gross Profit Gross Profit Sales Rate (% ) Sales Rate (% ) Sales (%) Ratio (% ) Ratio (% ) Ratio (pt) 1. PEARLY GATES 17,086 11.
Slide 23: Domestic Monthly Sales Information
23 Highlights of Full-year Results for FY Ending Feb. 2024 Domestic Monthly Sales Information FY 2023 Ending Feb. FY 2024 Ending Feb. All Stores：102.1％ All Stores：101.0％ Existing Stores：103.5％ Existing Stores：104.8％
Slide 24: The Number of Stores
24 Highlights of Full-year Results for FY Ending Feb. 2024 The Number of Stores FY Ending Feb. Store Store FY Ending Feb. Y/Y 2023 Open Close 2024 Change Domestic 738 +53 -60 731 -7 Apparel Overseas 29 +1 - 30 1 Total 767 +54 -60 761 -6 Restaurant Domestic 8 - -2 6 -2 Cosm etics Domestic 36 +1 -6 31
Slide 25: ・Descriptions about future within this document are based on the information that the company
・Descriptions about future within this document are based on the information that the company obtains on the date of this report and certain assumptions deemed to be reasonable. Actual earnings may differ materially from various future factors. ・This document has been translated from the Japanese or