Edion Corporation · TSE:2730
Edion — Q3 FY03/25 Earnings Presentation
26 slides from Edion's earnings presentation, Feb 12, 2025
Slide 1: EDION Corporation Analyst Meeting
EDION Corporation Analyst Meeting EDION Corporation February 12, 2025 © EDION Corporation
Slide 2: Agenda
1. FY03/25 3rd Quarter Results 2. FY03/25 Earning Forecast 3. Key Topics © EDION Corporation
Slide 3: 1. FY03/25 3rd Quarter Results
1. FY03/25 3rd Quarter Results © EDION Corporation
Slide 4: Review of FY03/25 3rd Quarter
Review of FY03/25 3 rd Quarter YoY comparisons for all stores (orders received at POS) （％） FY03/25 3Q YoY 105.7% （ existing store sales 103.1%) 130 1H YoY 107.6% Q3 YoY 102.0% （ existing store sales 104.4%） （ existing store sales 100.6%） 120 117.6 110.8 110 107.2 104.4 103.4 102.3 104.9 100 101.0 10
Slide 5: Consolidated Statements of Income
Consolidated Statements of Income (Cumulative total from April to December) FY03/24 3rd Quarter FY03/25 3rd Quarter Million yen, % Year-on- Year-on-Year Year-on- Year-on-Year Sales ratio Results Sales Year Year Change Change Change Net Sales 537,608 99.8 572,580 106.5 34,972 Gross Profit 29.18 156,8
Slide 6: Summary of Financial Results
Summary of Financial Results (Cumulative total from April to December) ■Impact from change in accounting policy （JPY Bn.） stay-at-home 80% demand Consumption tax hike 589.3 70% 581.2 572.5 Net Sales 568.1 60% 554.1 553.0 546.3 JPY572.5bn （Before change in 50% 539.1 538.5 537.6 528.8 accounting polic
Slide 7: Comparison of Orders by Product
Comparison of Orders by Product YoY (Orders acquired at POS) YoY (%) TVs 130 Cumulative total from April to December YoY 100.4% 120 116.1 104.8 110 106.9 99.7 95.7 96.4 98.1 95.4 94.1 100 Televisions are showing The Paris Olympics held in signs of bottoming out, with July and August 90 stimulated de
Slide 8: Comparison of Orders by Product
Comparison of Orders by Product YoY (Orders acquired at POS) YoY (%) Refrigerators 120 Cumulative total from April to December YoY 96.3% 110 101.0 99.3 100.5 98.4 98.1 97.9 Although the average unit 100 price has declined as the 92.6 89.0 number of small and midsize washing machines 90 96.2 has incr
Slide 9: Comparison of Orders by Product
Comparison of Orders by Product YoY (Orders acquired at POS) YoY (%) PCs 120 Cumulative total from April to December YoY 93.2% 110 101.2 95.4 100.7 100.8 94.6 100 The impression is that the 89.6 trend has shifted from a 83.8 87.0 90 84.6 flat downward trend to a bottoming trend. Expected end of supp
Slide 10: Gross Profit Margin and SG&A Ratio
Gross Profit Margin and SG&A Ratio ■Gross Profit Margin ■SG&A-to-sales Ratio 31 % 29 % 29.72 29.54 29.55 29.37 27.3 29.18 27.1 26.9 26.9 28.89 29 27 26.3 25.6 25 27 1 2 3 42022 5 6 1 2019 2 2020 3 2021 4 2022 5 2023 6 2024 2019 2020 2021 2023 2024 ▷GPM: 29.37% in 3Q FY03/25, 29.18% in 3Q FY03/24, ▷
Slide 11: Consolidated Balance Sheet
Consolidated Balance Sheet （Million yen） 2024 2024 2024 2024 Assets End of Change Liabilities and Net Assets End of Change End of March End of March December December Cash and Cash Notes and Accounts Payable- 12,011 9,590 ▲2,421 38,591 28,963 ▲9,628 Equivalents Trade Inventories-Merchandise 117,902
Slide 12: Inventory Status
Inventory Status （JPY bn.） 140.0 139.0 Air Conditio 138.0 ners 138.0 137.0 PCs JPY2.6bn Reduction -1.4 TVs Other 136.0 Washing 135.3 Machines 1.2 0 135.0 -1.3 ELS Refrigerators Business 0 134.0 -1.0 -0.2 133.0 Approximately –JPY2.8bn Increase in 132.0 Major Products 131.0 130.0 End-Dec. 2023 End-Dec
Slide 13: Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows •Operating cash flow increased significantly to ¥29.4 billion due to an increase in net income and a decrease in trade receivables •In addition, free cash flow improved significantly due to the acquisition of the Namba Head Office in the last fiscal year 2023 20
Slide 14: 2. FY03/25 Earning Forecast
2. FY03/25 Earning Forecast © EDION Corporation
Slide 15: Consolidated Earnings Forecast
Consolidated Earnings Forecast 1H FY03/25 2H FY03/25 FY03/25 Million yen, % % of % of % of % of YoY Results Forecast Forecast FY2024 FY2024 Sales FY2024 Change Net Sales 380,500 107.9 381,000 103.4 761,500 105.6 40,414 Gross Profit 114,779 107.7 108,100 104.9 29.27 222,880 106.3 13,293 SG&A Expenses
Slide 16: Store Openings, Relocations, and Closings
Store Openings, Relocations, and Closings (Actual and Planned) EDION Group 1,202 stores As of end-Dec. 2024 ■EDION-owned stores 456 ■Franchise stores 746 EDION Yamaguchi-Ogori (Yamaguchi Prefecture) 新設 移転・建替 閉鎖 増減 期末店舗数 FY03/24 Results Full-year 9 6 5 +4 454 Plan Full-year 7 1 - - - FY03/25 1H 5 1 3
Slide 17: 3. Key Topics
3. Key Topics © EDION Corporation
Slide 18: Change to Web-based Shareholder Communications
Change to Web-based Shareholder Communications Along with Our Paperless Efforts, We Will Provide Enhanced Information to Shareholders Machine translation* is used on the web-Site_ https://www.edion.co.jp/en/kt_24chukan *About Machine Translation:This site uses machine translation. Please note that i
Slide 19: New Stadium (EDION PEACEWING HIROSHIMA)
New Stadium（EDION PEACEWING HIROSHIMA） Annual Attendance 1000 千 600 Old Stadium New Stadium 500 400 300 Decreasing dramatically due to COVID-19 200 Sanfrecce Hiroshima New Stadium First Year 100 (Opened February 1, 2024) 0 1 2019 2 2020 3 2021 4 2022 5 2023 6 2024 2024 Years of Scores 2nd in the Ann
Slide 20: Joint Delivery with Nitori HD
Joint Delivery with Nitori HD As part of our efforts to improve logistics efficiency, we began joint delivery with Nitori on January 12 State Before Cooperation State After Cooperation Approxima Edion Nitori tely 8 km Sendai Edion Nitori Sendai SC Sendai DC Sendai SC Sendai DC Approximately Approxim
Slide 21: EDION Original PB Product [e angle]
EDION Original PB Product [e angle] Release date Product name October 4 Electronic Kakeshiki Blanket/Electronic Kakeshiki Blanket October 18 IH rice cooker October 25 Microwave oven October 26 Carbon heater November 8 Ceramic heater December 13 Hands-free massager A unique, out-of-the-box approach t
Slide 22: Products Jointly Developed with Nitori HD
Products Jointly Developed with Nitori HD Steady acceleration of jointly developed products X Release date Product name October 15 Wireless Earphones ANC Wireless Earphones Open-ear Wireless Earphones October 25 Cordless Desk Humidifier Hybrid Humidifier Joint development with NITORI is in full swin
Slide 23: Strengthening of Sustainability Management
Strengthening of Sustainability Management 1.Initiatives Targeting a Sound Material-Cycle Society In pursuit of a sound material-cycle society, we actively ensure proper disposal of home electronics products covered by the Act on Recycling of Specified Home Appliances, as well as the recycling of sm
Slide 24: Corporate Sponsorship; EXPO2025 Official Supplier
Corporate Sponsorship; EXPO2025 Official Supplier Expo 2025 Osaka Kansai is an event that brings together people, goods, wisdom and technology from all over the world. This event will be held in Japan for the fifth time since Expo 1970 Osaka, and the first time in 20 years since the previous one. Ou
Slide 25: Dividends and Share Prices
Dividends and Share Prices While striving to improve capital efficiency, as measured through ROIC growth, we will focus on maintaining a sound and stable balance sheet. 1. Dividend Policy EDION recognizes the return of profits to shareholders as an important management issue. Accordingly, we maintai
Slide 26: Disclaimer
Disclaimer The financial forecasts and other forward-looking statements in these materials are based on judgment made under normally foreseeable conditions, in accordance with information reasonably available to the Company as of the date these materials were produced. The forward-looking statements