Pan Pacific International Holdings Corporation · TSE:7532
Pan Pacific International — Q3 FY2022 Earnings Presentation
27 slides from Pan Pacific International's earnings presentation, May 10, 2022
Slide 1: Q3 Results for FY 2022
Q3 Results for FY 2022 May 10, 2022 Pan Pacific International Holdings Corporation
Slide 2: Index
INDEX Fiscal year ending June 2022 １ Overview of Q3 results 2 Appendix 1
Slide 3: Explanatory notes for these materials
Explanatory notes for these materials 1. The monetary values presented in these materials are rounded off to the nearest full unit. 2. The following abbreviations are used in these materials: Pan Pacific International Holdings (7532) as “PPIH,” Don Quijote Co., Ltd. and its stores as “DQ,” UNY Co.,
Slide 4: Overview of Q3 results
Fiscal year ending June 2022 Overview of Q3 results 3
Slide 5: Financial Results for Q3
Financial Results for Q3 ※３ [Period: July 1, 2021 – March 31, 2022] (Unit: 100 Million yen) Q3 Results Q3 Cumulative Previous year January 1, 2022 – March 31, 2022 Previous year July 1,2021 – March 31, 2022 Actual Actual Actual Actual Change YoY Change YoY (Sales ratio) （Sales ratio） (Sales ratio) (
Slide 6: Executive Summary
Executive Summary 1. Consolidated Business Results • Q3 results were up 37.5 billion yen in sales and 1.9 billion yen in operating profit compared to the previous Q3. In Japan, despite restrictions on human flow due to the pre-emergency measures to prevent the spread of the COVID, both sales and pro
Slide 7: Discount Store Business
Discount Store Business Both sales and operating profit continued to increase in Q3. FY2022 Q3 Change in Sales Strategic measures such as strengthening PB and improving <100 Million Yen> the inventory turnover ratio also showed steady results. In addition to the increase in sales due to new stores
Slide 8: Efforts to differentiate stores and improve their attractiveness
Discount Store Business： Efforts to differentiate stores and improve their attractiveness Strenghthen PB/OEM Improve inventory turnover Since the rebranding in February last year, the private brand has been strategically promoted as a measure to strengthen Control inventory growth by monitoring each
Slide 9: Strengthening customer contact points with majica app as a starting point
Discount Store Business: Strengthening customer contact points with majica app as a starting point The company will work to increase the number of majica app members in order to strengthen points of contact with customers and promote understanding of purchasing behavior. The number of members reache
Slide 10: GMS Business
GMS Business The gross profit margin improvement initiated in the Q3 took FY2022 Q3 Change in Sales effect. Sales and operating profit at existing stores in Q3 <100 Million Yen> turned to YoY growth. The GMS business is evolving to individual store management, product lineups that correspond to th
Slide 11: GMS Business: Profit Improvement Initiatives for strengthen individual stores
GMS Business: Profit Improvement Initiatives for strengthen individual stores Decline due to internal and external factors ▶ YoY change in gross margin by product （Existing stores） First Half The sluggish performance of high gross margin categories due to unfavorable weather in August, and the prior
Slide 12: Overseas Business
Overseas Business Continued to increase sales and profits led by new store FY2022 Q3 Change in Sales openings in Asia, and contribution from Gelson's. Gross profit <100 Million Yen> margins also improved in each country, mainly through the PPIC. ■Asia Business Business expansion continued with the
Slide 13: Overseas Business: Initiatives to improve profitability and expand profit-earning opportunities
Overseas Business： Initiatives to improve profitability and expand profit-earning opportunities Business format development Initiatives to Improve Profitability to expand profit-earning opportunities While offering high-quality Japanese foods as a "Japan ▶ Gross profit margin difference from the pre
Slide 14: Financial business: Progress after Q1 announcement
Financial business: Progress after Q1 announcement Steady preparation for cost reduction/revenue capture by proactively integrating payment functions into the value chain Progress after Q1 results announcement Role/strategic positioning ▶Start of merchant management business(June～) of the finance bu
Slide 15: Status of major assets, liabilities and net assets
Status of major assets, liabilities and net assets (Unit: 100 Million yen) (Unit: 100 Million yen) June 2021 *2 March 2022 June 2021 *2 March 2022 Actual Actual Change Actual Actual Change Current Assets 4,954 4,692 (262) Total Current 3,536 3,225 (310) Liabilities Cash and Deposits 1,575 1,478 (98)
Slide 16: Status of cash flows and capital expenditure
Status of cash flows and capital expenditure ▶ Cash Flow Status (Unit: 100 Million yen) Previous year 9 months ended Mar 31, 2022 ＜Operating Cash Flows＞ Actual Actual Change ▶ Positive items: 66.8billion yen in income before income tax, 28.2 billion yen in depreciation and Balance at Beginning of Pe
Slide 17: Shareholder Returns
Shareholder Returns 1. Dividend Dividend(Yen) Payout ratio(%) 20.0 20.0 Annual dividend 年間配当(左軸) Payout ratio 配当性向(右軸) Dividends increased for (left axis) (right axis) 18 consecutive terms 15.0 15.0 FY2022(est.) 16.5 yen 10.0 10.0 *The Company conducted a 2-for-1 common 16.0 16.5 15.0 stock spli
Slide 18: DS/GMS Business Overview in April (Flash Report)
DS/GMS Business Overview in April ( Flash Report) Existing store YoY in April landed at 102.4% for the DS business and 99.6% for the GMS business, maintaining the Q3 trend. ▶ Year on year trend (existing store) ■ DS business Unit：% 1Q 2Q Jan Feb Mar Apr Existing store sales in April increased YoY
Slide 19: Appendix
Appendix 18
Slide 20: Q3 cumulative information by corporation
Q3 cumulative information by corporation ▶ Domestic retail (Unit: 100 Million yen) Don Quijote Nagasakiya UD Retail UNY FY 2021 FY2022 FY 2021 FY2022 FY 2021 FY2022 FY 2021 FY2022 Q3 Q3 Change Q3 Q3 Change Q3 Q3 Change Q3 Q3 Change Sales *1 5,002 5,158 156 1,449 1,480 31 1,357 1,573 216 3,745 3,591
Slide 21: Q3 Segment Information (cumulative) by business
Q3 Segment Information(cumulative) by business ▶ Segments Overview [Period: July 1, 2020 – March 31, 2021] *1 *2 (Unit: 100 Million yen) Discount Store GMS Tenant Others *3 Total Adjustment Consolidated Business Business leasing External Sales 8,687 3,424 465 106 12,682 - 12,682 Inter Company Sales
Slide 22: Breakdown of SG&A
Breakdown of SG&A [Period: January 1, 2022 – March 31, 2022] (Unit: 100 Million yen) 3 months ended Mar 31, 2021 3 months ended Mar 31, 2022 *1 Actual Ratio Actual Ratio YoY SG&A 1,012 24.4% 1,130 25.0% 111.7% Salaries and allowances 384 9.2% 439 9.7% 114.2% Rent 133 3.2% 137 3.0% 103.2% Commission
Slide 23: Overview of results by consolidated businesses
Overview of results by consolidated businesses [Period : July 1, 2021 –March 31, 2022] (Unit: 100 Million yen) 9 months ended Mar 31, 2021 9 months ended Mar 31, 2022 Actual Ratio Actual Ratio YoY Discount store business *1 8,687 68.5% 9,885 72.1% 113.8% Home electrical appliances 679 5.4% 654 4.8%
Slide 24: Store network
Store network Corpo- Business Q1 Q2 Q3 Q4 ration Format Full Year Estimates Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 6月 Kita Senjyu Inage Teradamachi Rifu Kirakira Donki Okachimachi Furukawa DiverCity West Exit Naganuma Eki 2 stores (Tokyo) (Miyagi) (Miyagi) Tokyo Plaza (Tokyo) (Chiba) (Osaka) (T
Slide 25: Store network
Store network No. of retail stores in Japan No. of retail stores abroad FY2022 FY2022 FY2020 FY2021 FY2020 FY2021 Q1 Q2 Q3 Q1 Q2 Q3 Discount Store Business 430 444 450 457 463 North America Business 38 65 65 65 65 DQUSA 4 4 4 4 4 Don Quijote 225 226 226 229 234 MARUKAI 10 10 10 10 10 MEGA Don Quijot
Slide 26: IR information
IR information IR Inquiries Pan Pacific International Holdings Corporation, IR Department 2-19-10 Aobadai, Meguro-ku, Tokyo, 153-0042 TEL: 03-5725-7588 FAX: 03-5725-7024 e-mail : ir@ppih.co.jp IR Calendar Announcement of Q4 results for the fiscal year ending June 2022 (Scheduled) Date of announcemen
Slide 27: 2-19-10 Aobadai, Meguro-ku, Tokyo, 153-0042 TEL: 03-5725-7588 / FAX: 03-5725-7024 / e-mail: ir@ppih.co.jp https://ppi…
2-19-10 Aobadai, Meguro-ku, Tokyo, 153-0042 TEL: 03-5725-7588 / FAX: 03-5725-7024 / e-mail: ir@ppih.co.jp https://ppih.co.jp/
Pan Pacific International Holdings — Q3 FY2022 Earnings Presentation on 6ix