Slide 1: Financial Results Briefing for the Third Quarter of the Fiscal Year Ending March 2024
Financial Results Briefing for the Third Quarter of the Fiscal Year Ending March 2024 Goldwin Inc. (8111) February 6, 2024 Copyright © GOLDWIN INC. All Rights.
Slide 2: Table of Contents
Table of Contents Ⅰ. Third quarter results for the fiscal year P. 3 ～ P.12 ending March 2024 Ⅱ. Full-year outlook for the fiscal year P.13 ～ P.17 ending March 2024 Ⅲ. Initiatives for sustainable growth P.18 ～ P.23 Copyright © GOLDWIN INC. All Rights. 1
Slide 3: Key Message: Reasons for leaving the full-year forecast unchanged
Key Message Reasons for leaving the full-year forecast unchanged Although sales in the third quarter (three months) were lower than the company's plan due to the impact of the warm winter, the cumulative total was in line with the initial plan. Sales of heavy clothing increased by double digits comp
Slide 4: I. Third quarter results for the fiscal year ending March 2024
I. Third quarter results for the fiscal year ending March 2024 While there is strong inbound demand, initial sales of high- loft products such as down jackets and fleece are delayed due to the warm winter.
Slide 5: Key points of 3rd quarter financial results
Key points of 3rd quarter financial results Due to solid brand support, sales increased in all months compared to the same month last year despite the impact of the warm winter. （ Million yen ） Net sale Monthly sales in the third quarter increased year-on-year in all months, 94,832 reaching a reco
Slide 6: 3rd quarter results summary
3rd quarter results summary 3rd quarter results （Million yen） Net sale Gross profit Operating income Ordinary income Net income Result 94,832 50,570 19,189 23,576 17,574 Year-on-year （Cumulative） 109.3% 109.6% 105.0% 107.5% 108.0% Year-on-year （Quarterly） 105.5% 106.2% 100.9% 99.5% 98.3% Profit marg
Slide 7: Third quarter performance trends by business segment
Third quarter performance trends by business segment Sales by business segment （Million yen） Performance Lifestyle Fashion Result 31,343 56,026 7,464 Year-on-year （Cumulative） 106.9% 109.2% 122.1% Year-on-year （Quarterly） 101.1% 106.8% 115.5% Sales composition ratio （ Cumulative ） 33.1% 59.1% 7.9% P
Slide 8: Trends in self-managed sales ratio and directly managed stores
Trends in self-managed sales ratio and directly managed stores Maintain stable trends in line with the self-managed sales ratio of 60%, which is the target in the medium-term management plan Trends in self-managed sales ratio and number of directly managed stores （store） Number of directly managed s
Slide 9: Trends in quarterly EC sales
Trends in quarterly EC sales EC sales ratio (cumulative) 12.0%, EC sales 106.7% compared to the same month last year. Full- year forecast of 13% remains unchanged (Million yen) 1Q 2Q 3Q 4Q EC sales ratio 20,000 13.4% 15% 12.9% 13% 12.4% 15,000 3,880 10% 3,463 2,701 10,000 4,364 4,890 4,670 4,484 5%
Slide 10: Gross profit margin outlook
Gross profit margin outlook In the third quarter, the cost of sales ratio improved due to the impact of the weaker yen, so the gross profit margin (3 months) was 56.3%, in line with the initial forecast. Outlook for full-year gross profit margin of 52.5% remains unchanged FY2023.3 results Average of
Slide 11: Initiatives to optimize selling, general and administrative expenses
Initiatives to optimize selling, general and administrative expenses SG&A expenses in the third quarter (cumulative) increased by 3.5 billion yen compared to the same period last year. Mainly due to increase in personnel costs such as J-ESOP Changes in the breakdown of selling, general and administr
Slide 12: Changes in inventory balance
Changes in inventory balance The main inventory is THE NORTH FACE's apparel and gear products. Our policy is not to conduct excessive sales. Quarterly inventory balance trends (Million yen) inventory Year-on-year Inventories Year-on-year change in sales 25,000 140% 150% 123% 124% 127% 125% 115% 115%
Slide 13: Third quarter balance sheet
Third quarter balance sheet Net assets increased by 15.9 billion yen compared to the same period last year, and equity ratio 連結貸借対照表 was 65.5%. （単位：百万円） Current assets Current Liabilities Net worth Fixed asset Fixed liability (Million yen) 42,683 39,869 85,267 4,748 41,668 34,927 71,443 4,565 60,275
Slide 14: II. Full-year outlook for the fiscal year ending March 2024
II. Full-year outlook for the fiscal year ending March 2024 Proceeding as planned at the beginning of the fiscal year, full-year forecast remains unchanged
Slide 15: Financial forecast for the fiscal year ending March 2024 (No revisions)
(No revisions) Full-year financial forecast summary for the fiscal year ending March 2024 Aiming for long-term growth by achieving sales of over 120 billion yen and at the same time striving to maintain and improve profitability. Financial forecast for the fiscal year ending March 2024 （Million yen）
Slide 16: (No revisions) Performance forecast by business segment
(No revisions) Performance forecast by business segment Sales are expected to increase in all business segments. Anticipating a full-fledged recovery in inbound demand, we expect double-digit sales growth in fashion. Sales by business category（Million yen） Performance Lifestyle Fashion Outlook 40,00
Slide 17: Graph of factors contributing to changes in operating income
Graph of factors contributing to changes in operating income The 1 billion yen increase in personnel costs is mainly due to J-ESOP additions. The increase in SG&A expenses is expected to be absorbed by the effect of increased sales. Operating profit outlook Initial outlook Current outlook (Million y
Slide 18: Changes in shareholder returns and dividend payout ratio
Changes in shareholder returns and dividend payout ratio For FY24.3, the interim dividend will be 30 yen, the year-end dividend will be 85 yen, and the full year dividend will be 115 yen, with a payout ratio of 23.9%. (yen) （%） Midterm end The end of the term Payout ratio 120 35 100 30 29.6 23.6 23.
Slide 19: III. Initiatives for sustainable growth
III. Initiatives for sustainable growth Establishing a position as a sustainable brand by quickly responding to dramatic changes in the external environment surrounding the apparel industry
Slide 20: Degree of influence of the external environment on our business performance
Degree of influence of the external environment on our business performance There are no changes to our efforts toward sustainable growth. Establishing a position as a sustainable brand Short term impact Medium to long term impact Negative Positive Impact of climate Expectations for new design and I
Slide 21: Outline of medium-term management plan
Outline of medium-term management plan The company plans to disclose its medium-term management plan policy on May 14, 2024. Plans to announce specific measures by the end of this year PLAY EARTH 2030 “Sustainability in business” x “Sustainability in the environment” Basic policy Our aim of achievin
Slide 22: Summary
Summary Third quarter results for the fiscal year ending March 2024 Sales and profits increased compared to the same period last year. While there is strong inbound demand, initial sales of high-loft products such as down jackets and fleece are delayed due to the warm winter. Full-year outlook for t
Slide 23: Corporate data
Corporate data Company name GOLDWIN INC. Tokyo Head Office: 150-8517, Japan 2-20-6 Shoto, Shibuya-ku, Tokyo Location 03-3481-7201 (Representative) Toyama Head Office: Kiyozawa 210, Oyabe-shi, Toyama 932-0112, Japan 0766-61-4800 (Representative) Establishment December 22, 1951 Capital stock 7,079 mil
Slide 24: (Reference) Quarterly performance trends
(Reference) Quarterly performance trends (Million yen) 1Q 2Q 3Q 4Q 通期 Fiscal year FY24.3 FY22.3 FY23.3 FY24.3 FY22.3 FY23.3 FY24.3 FY22.3 FY23.3 FY24.3 FY22.3 FY23.3 FY22.3 FY23.3 end Outlook Net sale 17,078 21,099 23,150 21,130 24,210 27,946 35,574 41,437 43,736 24,453 28,306 98,235 115,052 123,000