Slide 1: Financial Results Presentation Material for the Second Quarter of FY2025
GLOBERIDE, Inc. Stock code: 7990 Financial Results Presentation Material for the Second Quarter of FY2025 November 27, 2024
Slide 2: Overview of Financial Results for the Six Months Ended September 30, 2024
Overview of Financial Results for the Six Months Ended September 30, 2024 1
Slide 3: Highlights of Financial Results (i) Changes from the previous fiscal year
Highlights of Financial Results for the Six Months Ended September 30, 2024 (i) Changes from the previous fiscal year (Million yen) 2023/9 2024/9 Change % Net sales 67,876 65,253 -2,622 -3.9% Gross profit 25,260 24,762 -498 -2.0% Gross profit margin 37.2% 37.9% +0.7 point ― Operating profit 6,522 5,
Slide 4: Highlights of Financial Results (ii) Changes from the initial forecasts
Highlights of Financial Results for the Six Months Ended September 30, 2024 (ii) Changes from the initial forecasts (Million yen) 2024/9 Change % Initial Forecast Result Net sales 66,000 65,253 -746 -1.1% Operating profit 3,800 5,011 +1,211 +31.9% Operating profit ratio 5.8% 7.7% +1.9 point ― Ordina
Slide 5: Factors for Changes in Operating Profit
Factors for Changes in Operating Profit (Million yen) Lower gross profit due to a drop in sales 6,522 -2,092 Improvement of the cost of Increase in Effect of foreign sales ratio SG&A exchange rate +631 -180 +130 5,011 2023/9 2024/9 4
Slide 6: Breakdown of Selling, General and Administrative Expenses
Breakdown of Selling, General and Administrative Expenses Change (Million yen) (Change excluding the 20,000 impact of exchange rates) 19,750 40.0% 18,738 +160 (+23) Other +137 (+80) 15,000 35.0% Rent expenses and -12 (-71) depreciation +191 (+173) Sales commission 30.3% +30 (-81) Commission expenses
Slide 7: Status of Net Sales by Business
Status of Net Sales by Business * Numbers are given in units of one million yen in the graphs. Fishing business Golf business 66,112 60,855 58,461 58,110 4,922 2024/9 44,852 Sales share 3,425 3,417 3,324 by segment -4.5% -2.7% 1,759 2020/9 2021/9 2022/9 2023/9 2024/9 2020/9 2021/9 2022/9 2023/9 2024
Slide 8: Trend in Net Sales Composition by Reportable Segment
Trend in Net Sales Composition by Reportable Segment 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2013/9 2014/9 2015/9 2016/9 2017/9 2018/9 2019/9 2020/9 2021/9 2022/9 2023/9 2024/9 (Unit: %) Japan 78.9 75.4 74.2 73.8 72.3 69.2 65.8 67.2 63.3 58.0 54.7 53.6 Americas 4.5 4.6 4.3 5.3 5.6 6.6 7.9 8.0 9.
Slide 9: Fishing Business Market Review
Fishing Business Market Review The turnaround in the global fishing market lags behind expectations, impacted by inflation, high interest rates and other factors. Trend in Fishing Market Conditions by Region Market Conditions by Region Japan Japan Europe • Clearance of stock in the market is mostly
Slide 10: Status of Net Sales and Profit by Reportable Segment (i)
Status of Net Sales and Profit by Reportable Segment (i) * Numbers are given in units of one million yen in the graphs. Japan Net sales trend [Net sales] 34,946 million yen -5.9% 43,121 41,004 37,128 In Japan, the outdoor, sports and leisure equipment 32,602 34,946 market is dull in a situation wher
Slide 11: Status of Net Sales and Profit by Reportable Segment (ii)
Status of Net Sales and Profit by Reportable Segment (ii) * Numbers are given in units of one million yen in the graphs. Americas Net sales trend [Net sales] 8,047 million yen +10.3% 8,551 8,047 7,294 In the Americas, market inventory adjustments are 6,133 ending, the market recovery is moderate in
Slide 12: Status of Net Sales and Profit by Reportable Segment (iii)
Status of Net Sales and Profit by Reportable Segment (iii) * Numbers are given in units of one million yen in the graphs. Europe Net sales trend [Net sales] 9,217 million yen +12.8% 9,217 8,332 8,174 7,818 In Europe, consumer confidence is generally poor as interest rates in different countries are
Slide 13: Status of Net Sales and Profit by Reportable Segment (iv)
Status of Net Sales and Profit by Reportable Segment (iv) * Numbers are given in units of one million yen in the graphs. Asia & Oceania Net sales trend [Net sales] 13,041 million yen -14.6% 15,279 14,315 13,041 In the Asia & Oceania region, the economy is weak on the whole and consumer spending is a
Slide 14: Status of Balance Sheets
Status of Balance Sheets ■ Balance Sheets (Million yen) End of Mar. 2024 End of Sep. 2024 Change % Total assets 108,717 113,312 +4,595 +4.2% Current assets 69,110 72,864 +3,753 +5.4% Cash and deposits 12,979 9,505 -3,474 -26.8% Inventories 38,653 42,539 +3,885 +10.1% Non-current assets 39,606 40,448
Slide 15: Inventories Trend
Inventories Trend (Million yen) (Months) 50,000 4.5 45,000 4.0 YoY by segment 40,000 3.5 (Change excluding Change the impact of 35,000 exchange rates) 3.0 Japan -3,356 30,000 2.5 25,000 Americas +526 (+325) 2.0 20,000 Europe -933 (-1,469) 1.5 15,000 10,000 Asia & 1.0 +813 (+479) Oceania 5,000 0.5 0
Slide 16: Status of Cash Flows
Status of Cash Flows ■ Status of Cash Flows (Million yen) 2023/9 2024/9 Change % CF from operations 5,218 -1,533 -6,752 ー CF from investments -3,465 -2,725 739 ー CF from financing -5,621 213 5,834 ー Cash and cash equivalents at end of period 8,280 8,486 206 +2.5% Free cash flows (FCF) 1,753 -4,259 -
Slide 17: Forecast for the Fiscal Year Ending March 31, 2025
Forecast for the Fiscal Year Ending March 31, 2025 (Million yen) 2024/3 2025/3 Change % (Actual) (Forecast) Net sales 126,008 127,000 +991 +0.8% Operating profit 7,496 5,500 -1,996 -26.6% Operating profit ratio 5.9% 4.3% -1.6 point ― Ordinary profit 8,375 5,100 -3,275 -39.1% Ordinary profit ratio 6.
Slide 18: Shareholder Returns (Previous Returns and Plan)
Shareholder Returns (Previous Returns and Plan) The Company expects to increase dividends by 10 yen per share year on year for the fiscal year ending March 31, 2025. (This means the dividend increase is expected for the 14th consecutive fiscal year.) The Company aims to stably increase dividends in
Slide 19: Topics
Topics 18
Slide 20: Sustainability Report 2024
SUSTAINABILITY REPORT 2024 The Company published Sustainability Report 2024 on November 1, 2024. The report compiles the Company's business activities, initiatives for sustainable growth and contributions to society. It was created for the purpose of promoting these actions through internal and exte
Slide 21: Fishing Net Upcycling Project
GLOBERIDE's Initiatives for Sustainable Manufacturing Fishing Net Upcycling Project To conserve the beautiful global A joint project with Bunka Gakuen University Distinguished works will be commercialized environment for the future as D-VEC products ― Fishing Net Upcycling Project ー The BE EARTH-FRI
Slide 22: DAIWA Young Fishing Club (D.Y.F.C.)
DAIWA Young Fishing Club (D.Y.F.C.) It is a fishing club open to children ranging from first to ninth grade. What is the D.Y.F.C.? Through fishing, it enables them to have delightful and exciting experiences where they can become one with nature. The D.Y.F.C. has been operating for nearly 50 years.
Slide 23: Pickleball: Stepping into the Japanese Market
Stepping into the Japanese market of a new sport that is tremendously popular in the United States PICKLEBALL Pickleball is a sport played with rackets. It integrated parts of tennis, table tennis and badminton. Since it can be easily started and enjoyed by anyone regardless of age or gender, it has
Slide 24: Thank you for your attention.
Disclaimers and inquiries Thank you for your attention. 23
Slide 25: Reference (1): Data on Financial Results over the Past Years
Reference (1): Data on Financial Results over the Past Years 24
Slide 26: Net Sales Trend by Business
Net Sales Trend by Business 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 (Million yen) 2014/3 2015/3 2016/3 2017/3 2018/3 2019/3 2020/3 2021/3 2022/3 2023/3 2024/3 2025/3 (Forecast) Fishing business 55,012 61,473 65,318 66,461 72,824 76,827 78,031 91,150 108,281 120,152 112,799 113,
Slide 27: Segment Sales Trend (by region)
Segment Sales Trend (by region) * Numbers are given in units of one million yen. 90,000 16,000 [Japan] [Americas] 80,000 14,000 70,000 12,000 60,000 10,000 50,000 8,000 40,000 6,000 30,000 4,000 20,000 10,000 2,000 0 0 2014/3 2015/3 2016/3 2017/3 2018/3 2019/3 2020/3 2021/3 2022/3 2023/3 2024/3 2014
Slide 28: Operating Profit and Operating Profit Ratio Trends
Operating Profit and Operating Profit Ratio Trends 14,000 14.0 12,000 12.0 10.2 10,000 10.0 9.0 8,000 7.4 8.0 12,349 5.9 6,000 12,125 6.0 4.3 4.3 4.4 4.3 4.3 4.1 3.8 4,000 3.4 4.0 7,405 7,496 5,500 2,000 3,768 3,818 2.0 3,420 3,416 3,613 2,825 2,307 0 0.0 2014/3 2015/3 2016/3 2017/3 2018/3 2019/3 20
Slide 29: Net Assets and Equity Ratio Trends
Net Assets and Equity Ratio Trends 49.9 50,000 50.0 43.4 41.1 40,000 40.0 35.3 30.8 31.1 29.3 30,000 27.7 30.0 26.2 26.7 54,488 22.5 47,485 20,000 20.0 37,478 27,577 23,119 23,265 23,023 10,000 18,510 19,441 10.0 17,936 13,851 0 0.0 2014/3 2015/3 2016/3 2017/3 2018/3 2019/3 2020/3 2021/3 2022/3 2023
Slide 30: Reference (2): Basic Information
Reference (2): Basic Information 29
Slide 31: Corporate Philosophy
Corporate Philosophy SLOGAN VISION Feel the earth. Sports to enrich your life Feel it, live with it. Feel the earth everyday, feel the Feel It, transformation, the new nature of life, Feel what earth offers everyday. the way we live. Within it the new nature of life, We will draw a new horizon for s
Slide 32: Towards Being a Global Lifetime Sports Company
Corporate Profile Towards Being a Global Lifetime Sports Company Company name GLOBERIDE, Inc. Head office 14-16, Maesawa 3-chome, Higashikurume-shi, Tokyo Established July 29, 1958 * Registered on December 26, 1945 Representative Kazunari Suzuki, Representative Director and President Director Share
Slide 33: History
History 1955 Commences the production of reels (mainly for export, the company name was Matsui Seisakusho) 1958 Establishes Yamato Seiko, Inc. in Nakano-ku, Tokyo 1960 Builds a new reel production factory in the current headquarters location 1962 Commences the sale of reels in Japan 1964 Builds a ne
Slide 34: Disclaimer
Disclaimer [Disclaimer] * Results forecasts presented in these materials have been prepared based on the information available to the Company at the present time, and actual results may differ from the forecasts due to a range of future factors. 33