Slide 1: Second Quarter FY Ending March 2025 Financial Results Presentation Materials
Second Quarter of the Fiscal Year Ending March 2025 Je Goldwin Financial Results Presentation Materials Goldwin Inc. (8111) November7. 2024 ©2024 Goldwin Inc.
Slide 2: Table of contents
Table of contents I. Results for the second quarter of the fiscal year ending March 2025 Il. Full-year forecast for fiscal year ending March 2025 Ill. | Main issues towards achieving the medium-term management plan IV. Summary of the medium-term management plan ©2024 Goldwin Inc. P.4 P.13 P.19 P.26
Slide 3: ©2024 Goldwin Inc.
(Note) Sales composition ratio in the second quarter of the fiscal year ending March 2025. ©2024 Goldwin Inc. 2
Slide 4: Overview of the second quarter financial results
KeyMessage Overview of the second quarter financial results for the fiscal year ending March 2025 | Nersats Lifestyle continues to trend well with double-digit growth t 2) ss Profit Margin Full-year forecast of 52.5% remains unchanged ieee BUSINESS Category —| By channel ime Apparel and Gear Monthly
Slide 5: Results for the second quarter of the fiscal year ending March 2025
de Goldwin |. Results for the second quarter of the fiscal year ending March 2025 ~In the first half of the year, net sales, ordinary income, and net income all hit record highs~ ©2024 Goldwin Inc.
Slide 6: THE NORTH FACE results
(Million yen) ◼ THE NORTH FACE is experiencing growth in demand due to the resumption of events such as travel, sports, and outdoor festivals, in addition to a recovery in mountain climbing demand. ◼ Inbound demand is on the rise, continuing from the first quarter. Due to the rapid increase in the n
Slide 7: (Million yen) ©2024 Goldwin Inc.
－ （ ） （ ） （ ） （ ） (Million yen) ©2024 Goldwin Inc. 6
Slide 8: Strengthening collaboration with physical stores and e-commerce
〇 △ While sales at physical stores have significantly exceeded pre-Covid19 levels, the company plans to further strengthen collaboration with physical stores in order to 〇 further increase e-commerce sales. The company will also work on expanding brand awareness by developing online-only products an
Slide 9: Cumulative second quarter results by business segment
Cumulative second quarter results by business segment de Goldwi n Sales by business segment million yen) THE NORTH FACE's sales increased Although sales of fashion items from Goldwin compared to the same period of the previous Due to the intense heat, high-performance year, but sales decreased compa
Slide 10: ©2024 Goldwin Inc.
60% 40% 20% 0% ©2024 Goldwin Inc. 9
Slide 11: Trends in quarterly EC sales
Trends in quarterly EC sales de Goldwin EC sales were 106.8% compared to the same period last year. In the second quarter (cumulative), advance orders for standard products were also received, resulting in double-digit growth compared to the same period last year. (Million yen) 20,000 m=i0 m20 30 4Q
Slide 12: Outlook
期 実績 期 実績 期 見通し Outlook ©2024 Goldwin Inc. 11
Slide 13: Changes in inventory balance
Changes in inventory balance de Goldwin The inventory balance at the end of September 2024 was 112% compared to the same period last year, and the main reasons for the increase in inventory were the early shipment of seasonal items and the stable operation of Kanto Logistics. Trends in inventory bal
Slide 14: Full-year forecast for fiscal year ending March 2025
de Goldwin ll. Full-year forecast for fiscal year ending March 2025 ~ We will consider revising the full-year forecast after assessing the sales situation in the fall/winter season~ ©2024 Goldwin Inc.
Slide 15: Full-year forecast for fiscal year ending March 2025
Ful-year forecast for fiscal year ending March 2025 Net Sales Gross Profit Margin SG&A Expense Capital investment South Korea equity interest Assumptions for financial results for the fiscal year ending March 2025 Initial forecasts disclosed on 14th May I< Goldwin Forecast based on 2nd quarter finan
Slide 16: Summary of full-year financial forecast
(No change) Summary of full-year financial forecast for fiscal year ending March 2025 de Goldwin Sales are expected to increase but profits are expected to decrease in FY25.3 due to the increase in temporary expenses and expenses related to J-ESOP and head office relocation. Financial forecast for t
Slide 17: Outlook by business segment
(No change) Outlook by business segment I< Goldwin Further improve quality in the performance area and develop new customer bases in lifestyle and fashion. Sales by business segment (Million yen) Liestve Outlook 41,000 81,000 11,200 Year-on-year change 98.0% 109.2% 102.6% Sales composition ratio 30.
Slide 18: SG&A Expense outlook
SG&A Expense outlook de Goldwin The one-time expenses will be until FY25.3, and the amounts listed below are not expected to be recorded from FY26.3 onwards. Analysis of factors behind changes in SG&A expenses (100 Million yen) Progress J-ESOP = 520 419 Advertising expense Head office ee . Helocatio
Slide 19: Shareholder Return Policy
Shareholder Return Policy I< Goldwin To maintain stable dividends, while making growth investments and business foundation investments, we have adopted DOE, which is less susceptible to fluctuations in net income. (Million yen) 120,000 -e-DOE mm Shareholders’ equity owe 100,000 80,000 ——_ 52% © 5.6%
Slide 20: Main issues towards achieving the medium-term management plan
de Goldwin Ill. Main issues towards achieving the medium-term management plan ~ Build product development and sales systems in preparation for climate change~ ©2024 Goldwin Inc.
Slide 21: Store opening status in mainland China
Store opening status in mainland China de Goldwin ps season, we will open stores i in Chengdu and Shan nghal. . Progress according to plan. We plan to open stores in Hangzhou and Nanjing by the end of March 2025. Goldwin Chengdu Goldwin Shanghai The largest store in mainland China has been performin
Slide 22: Europe
Marunouchi Europe ・ ・ ©2024 Goldwin Inc. 21
Slide 23: Goldwin Korea Corporation established
Goldwin Korea Corporation was established in October. The first pop-up store was opened in Seoul. de Goldwi n Fi fl Established Goldwin Korea, a joint venture with Youngone Holdings, and made a full-scale entry into the Korean Based on Goldwin500, Goldwin market. With products that combine high func
Slide 24: Summary
Summary de Goldwin ™ Second quarter sales progressed as planned, reaching a record high. Especially, THE NORTH FACE performed strongly, particularly in apparel, supported by a recovery in demand for mountain climbing and the expansion of the outdoor market. The company also aims to optimize its bran
Slide 25: ©2024 Goldwin Inc.
（ ） （ ） （ ） （ ） （ ） ©2024 Goldwin Inc. 24
Slide 26: Future information disclosure policy
(Repost) Future information disclosure policy in line with the 5-year medium-term management plan Disclosure Cycle Disclosure ~ rc ~ J 20. 40 Apparel and gear sales disclosure f 40 f Disclosure of sales for kids/baby, shoes, etc. ) ( 40 ) [ Disclosure of sales forecast for next fiscal year | f 20, 4
Slide 27: Summary of the medium-term management plan
de Goldwin IV. Summary of the medium-term management plan ~Global expansion of the Goldwin brand and further market expansion of THE NORTH FACE~ ©2024 Goldwin Inc.
Slide 28: Key Points of the Medium-Term Management Plan
Key Points of the Medium-Term Management Plan (FY2025.3 to FY2029.3) de Goldwin Selection and focus on brands for growth THE NORTH FACE's growth strategy and Risks and countermeasures for the overseas channel optimization Expansion of the Goldwin brand Brushing up business processes Restructuring of
Slide 29: Specific measures in line with the medium-term management plan
Specific measures in line with the medium-term management plan I< Goldwin The company will comprehensively strengthen its global business operations, including expanding into new markets in various countries, implementing growth strategies, and collaborating with local partners. Market Strategy Opti
Slide 30: Providing climbing uniforms; making polyester more sustainable
Providing climbing uniforms Making polyester more sustainable ©2024 Goldwin Inc. 29
Slide 31: Goldwin Glossary
Goldwin Glossary I< Goldwin Long-term vision "PLAY EARTH 2030" PLAY EARTH PLAY EARTH PARK Eco-friendly materials Brewed Protein™ Goldwin's long-term guidelines for the year 2030. This vision aims to realize a sustainable society and coexistence with the natural environment, by reducing the environme
Slide 32: Goldwin Glossary
Goldwin Glossary I< Goldwin Real demand business model Balanced strategy of direct management and wholesale Self-managed sales floor THE NORTH FACE SUMMIT SERIES The actual demand business model is a business model in which Goldwin supplies products according to demand, aiming to reduce inventory ri
Slide 33: Goldwin Glossary
Goldwin Glossary I< Goldwin THE NORTH FACE Purple Label THE NORTH FACE Purple Label is a limited collection that Goldwin has developed in Japan under license from the THE NORTH FACE brand. The line offers items that combine fashion-forward design with high functionality, is popular with customers wh