Slide 1: Financial Results for FYE May 2024
Financial Results for FYE May 2024 July 11, 2024 The earnings forecasts in this document are based on the business environment as of the time of writing. Actual results may differ from projections due to a variety of factors. Note also that inquiries should be submitted in Japanese. Inquiries: Hiron
Slide 2: FYE May 2024 Results / FYE May 2025 Plan
FYE May 2024 Results 1. Consolidated Financial Highlights 2. Consolidated Statement of Income 3. Consolidated Balance Sheet 4. Consolidated Statements of Cash Flows 5. Store Openings/Closings 6. Performance Highlights FYE May 2025 Plan 1. FYE May 2025 Full Year Plan 2. Store Opening/Closing Plan 3.
Slide 3: FYE May 2024 Results
FYE May 2024 Results 3
Slide 4: Consolidated Financial Highlights
1. Consolidated Financial Highlights Consolidated Results for FYE May 2024 Net sales Ordinary profit 422.3 billion yen 20.8 billion yen (110.9% YoY) (107.5% YoY) Ordinary profit margin: 4.9% Business Overview ◆ Existing store customer numbers and sales increased significantly due to success of every
Slide 5: Consolidated Statement of Income for FYE May 2024
2. Consolidated Statement of Income for FYE May 2024 FYE May 2023 FYE May 2024 Results Results YoY Vs Share Share (Millions of yen) (Millions of yen) change plan (%) (%) (%) (%) Net sales Net sales 380,963 100.0 422,330 100.0 110.9 99.7 In addition to increased opportunities to go out thanks to recl
Slide 6: Consolidated Balance Sheet for FYE May 2024
3. Consolidated Balance Sheet for FYE May 2024 May 31, 2023 May 31, 2024 Total assets Total assets (Millions of yen) 194,941 216,481 (+21,540) ■ Current assets +7,559 Increase in cash and deposits +686 Increase in accounts receivable +2,118 Total Total Current liabilities Increase in merchandise +3,
Slide 7: Consolidated Cash Flows for FYE May 2024
4. Consolidated Cash Flows for FYE May 2023 ■ Consolidated Statements of Cash Flows FYE May 2023 FYE May 2024 (Millions of yen) (Millions of yen) Change Net cash provided by operating activities 18,985 21,034 +2,049 Net cash used in investing activities –20,491 –20,207 +284 Net cash used in financin
Slide 8: Store Openings/Closings
5. Store Openings/Closings ■ Store openings/closings and renovations No. of store openings Kanagawa Tokyo Shizuoka Chiba Aichi Other Annual in FYE May 2024 Store Drug stores 20 2 4 11 3 3 43 opening Prescription drug stores 24 2 7 10 4 1 48 ・Store closings: 8 drug stores (1 scrap and build, 5 after
Slide 9: Performance Highlights
6. Performance Highlights ■ YoY net sales comparison at all existing stores: 106.1% (H1: 106.6%; H2: 105.5%) └ OTC: 105.3% Prescriptions: 111.5% Successful EDLP strategy amid rising prices and increasing need for households to save money More people going out and greater movement with reclassificati
Slide 10: Performance Highlights: Net sales by segment
6. Performance Highlights ■ Net sales by segment FYE May 2023 FYE May 2024 Results Results Medical and health products YoY Net sales Share (%) Net sales Share (%) change OTC (Millions of yen) (Millions of yen) (%) Strong sales of cold-related products such as cold medicines despite a drop Medical an
Slide 11: Performance Highlights: Prescription drug store department
6. Performance Highlights ■ Prescription drug store department YoY FYE May 2023 FYE May 2024 change Results Results (%) Sales at all stores No. of prescriptions (millions of yen) 43,479 50,517 116.2 ・Promotion of in-store pharmacies and cooperation with medical institutions No. of prescriptions ・Inc
Slide 12: Performance Highlights: Gross profit margin / SG&A ratio
6. Performance Highlights ■ Gross profit margin / SG&A ratio Gross profit margin FYE May 2023 FYE May 2024 ・Reactionary drop in high gross profit YoY Change products such as masks and Results Results disinfecting products, and antigen Result Result Change (millions of yen) Share (millions of yen) Sh
Slide 13: FYE May 2025 Plan
FYE May 2025 Plan 14
Slide 14: FYE May 2025 Plan (Consolidated)
1. FYE May 2025 Plan (Consolidated) FYE May 2024 Results FYE May 2025 Plan Full-year Share Share YoY (%) (Millions of yen) (%) (Millions of yen) (%) change (Millions of (%) yen) Net sales 422,330 100.0 457,600 100.0 108.4 +35,270 Gross profit 110,187 26.1 119,100 26.0 108.1 +8,913 SG&A expenses 89,9
Slide 15: Store Opening/Closing Plan
2. Store Opening/Closing Plan ■ New store openings Drug stores: 45 stores (Previous year: 43 stores) No. of stores Prescription drug stores: 40 stores as of May 31, No. of stores as of May 31, 2025 2024 (Previous year: 48 stores) Drug stores 752 789 ・Strengthen dominant position in existing store In
Slide 16: FYE May 2025 Initiatives
3. FYE May 2025 Initiatives ■ Drug store department ・Control gross profit margin while increasing number of customers and items purchased ‣ Continued promotion of EDLP strategy ‣ Secure gross profit through gross profit mix on sales floor and creative ways of selling ‣ Develop new and update private
Slide 17: Capital Investment and Dividends: Capital investment trend
4. Capital Investment and Dividends ■ Trend in capital investment Plans to continue aggressive capital investment ⇒ Continuing on from the previous fiscal year, we plan to open 45 stores, increase the number of large-scale stores, and expect to invest 7 billion yen in distribution centers, planning
Slide 18: Capital Investment and Dividends: Dividends per share
4. Capital Investment and Dividends ■ Dividends per share Continuous dividend increase over past 13 years …Stable and continuous dividend increase ⇒ For FY May 2024, dividend increased by 12 yen, up 10 yen from initial plan +12 Stock split in December 2015 Figures before FYE May 2016 calculated afte
Slide 19: Revision to Medium-term Management Plan
5. Revision to Medium-term Management Plan Medium-term FYE May 2025 FYE May 2028 Medium-term FYE May 2025 FYE May 2028 Revised July 2023 Revised July 2023 Revised July 2024 Revised July 2024 Management Management Plan Plan (Millions of yen) (Millions of yen) (Millions of yen) (Millions of yen) Net s
Slide 20: Sustainability Management: Reducing CO2 emissions
6. Sustainability Management ■ Reducing CO2 emissions ・Set environmental KPIs (indicators and targets) Fiscal year of target Indicator and target achievement (Scope 1 and 2) Reduce emissions per sales floor area by CO2 emissions reduction target FY2030 50% (compared to 2014) ・Progress in CO2 emissio
Slide 21: Sustainability Management: Work environment and investor dialogue
6. Sustainability Management ■ Creating a comfortable and rewarding work environment ・Introduction of performance-linked bonus (from FYE May 2024) ... Returned portion of profits to employees to improve motivation ・Industry leader in terms of shortest total working hours ... Continued shorter busine