Komehyo Holdings Co., Ltd. · TSE:2780
Komehyo — Q3 FY2021 Earnings Presentation
26 slides from Komehyo's earnings presentation, Feb 12, 2021
Slide 1: Earnings Results Briefing for the Third Quarter of FY Ending March 2021
Earnings Results Briefing for the Third Quarter of the Fiscal Year Ending March 31, 2021 February 12,2021 Komehyo Holdings Co., Ltd. Securities code: 2780 (Second Section, Tokyo and Nagoya Stock Exchanges) Corporate Planning Department IR strategy group Phone +81-52-249-5366
Slide 2: FY 2021 3Q Financial Summary
FY 2021 3Q Financial Summary 【Performance Highlights】 FY2021 9months Non-consolidated FY2021 9months Consolidated YoY YoY (million of yen) (KOMEHYO HD※) (million of yen) Net Sales 35,951 84.1％ Net Sales 14,944 － Operating Operating income 61 13.0％ income △524 － Net income attributable to △666 － Net
Slide 3: Economic Trend
Economic Trend The impact of the COVID-19 pandemic expanded from December 2020 Stock Price Net sales YoY Department store(fine arts/jewelry/precious metals) (%) （yen） 250 KOMEHYO net sales(non-consolidated) Nikkei Stock Average(monthly closing price) The COVID-19 2nd wave 200 The COVID-19 24,000 1st
Slide 4: Overview of Income Statement (Consolidated)
Overview of Income Statement （ Consolidated ） FY2021 FY2021 FY2021 FY2021 (Millions of yen) YoY YoY YoY YoY 1Q 2Q 3Q 9months Net sales 7,861 63.2％ 12,957 84.7％ 15,132 100.9％ 35,951 84.1％ Gross profit 1,888 55.2％ 3,385 92.2％ 4,472 115.3％ 9,745 88.8％ Gross profit 24.0％ △3.5pt 26.1％ ＋2.1pt 29.6％ +3.7pt
Slide 5: Progress of Plan for the Fiscal Year Ending March 31, 2021
Progress of Plan for the Fiscal Year Ending March 31, 2021 (Consolidated） FY2021 FY2021 (Millions of yen) FY2020 Progress rate 9months (plan) Net sales 57,510 35,951 49,000 73.4% Gross profit 14,562 9,745 13,000 75.0% Gross profit margin 25.3％ 27.1％ 26.5％ － SG&A expenses 14,265 9,683 13,670 70.8％ Op
Slide 6: Operating income increase and decrease factor (Consolidated)
Operating income increase and decrease factor （ Consolidated ） Operating in the black due to rising gross profit margin and lower selling expenses, etc. (百万円) Operating income 477 （△415） 61 SG&A Expenses FY2020 3Q Sales amount FY2021 3Q decrease decrease +812 △1,740 Gross Profit margin Increase in p
Slide 7: Non-operating and Extraordinary profit and loss (Consolidated)
Non-operating profit and loss Extraordinary profit and loss（ Consolidated ） Extraordinary loss：In Q3 there was almost no impact due to COVID-19. (million of yen) 9 months 3Q 9 months Commission income 4 2Q Grant income 310 Insurance claim income 4 Asset retirement obligation Dividend income 4 revers
Slide 8: Overview of Balance Sheet (Consolidated)
Overview of Balance Sheet （ Consolidated ） Cash in reserves secured through borrowing to combat the novel coronavirus pandemic （million of yen） Assets Liabilities and Net Assets Assets 38,986 Liabilities and Net Assets 38,986 35,611 35,611 Cash and deposits Cash and deposits Current Liabilities 10,3
Slide 9: By Segment
By Segment FY2021 FY2021 FY2021 FY2021 (million of yen) YoY YoY YoY YoY 1Q 2Q 3Q 9months 13,460 Net sales 7,137 61.0％ 12,159 84.2％ 98.7％ 32,757 82.3％ (10,126) Fashion Brand Operating 770 income △823 － △46 － 784.4% △99 － (543) Operating 5.7％ margin － － － － － － (5.4%) Net sales 711 99.3％ 780 94.6％ 1,6
Slide 10: Brand Fashion Store ① KOMEHYO stores
Brand Fashion Store ① KOMEHYO 42 stores Large-scale Nagoya Store，Meieki Store, 5 stores Ginza Store，Umeda Store, SHINJUKU Sale and purchase * Sales/Purchase Ladies casual clothing, Bags, small items, etc. Jewelry, precious metals, watches,bags,clothing,etc. 5stores Mid-scale Opening stores in large
Slide 11: Brand Fashion Store ② K-BRAND OFF
Brand Fashion Store ② K-BRAND OFF Domestic : 8 directly managed stores, 2 FC stores (Opened : Kawasaki Mizonokuchi store , OtsuTerrace store Closed : Namba store) Hong Kong : 7 directly managed stores Thailand : 1 FC store Taiwan : 3 directly managed store Total 21 Stores (‘20.12) 【Kawasaki Mizonoku
Slide 12: Brand Fashion Store ③ Shanghai・THAI
Brand Fashion Store ③ Shanghai・THAI 【KOMEHYO Shanghai ‘20.9 Opened】 【KOMEHYO@Central Bangna ‘20.10 Opened】 ※Opened a store in Shanghai Meilongzhen Isetan on a limited one-year basis ※Opened the second store in Bangkok, Thailand 11
Slide 13: Brand Fashion Auction ①
Brand Fashion Auction ① We will continue to hold auctions in-person and online (highest bid format / live) 【Number of corporate auctions held】 FY20 1Q FY20 2Q FY20 3Q FY20 4Q FY21 1Q FY21 2Q FY21 3Q Real Jewels / Online auction auction Canceled watches / 2 times/ month KOME 2 times / in late April b
Slide 14: Brand Fashion Auction ②
Brand Fashion Auction ② We aim to increase volume and profits through auctions of brand products Number of registered Trade volume (Millions of yen) YoY members (Two companies total) (total for each auction) FY2021 3Q 17,726 85.1％ 2,591 【Transition of auction distribution amount for domestic corpora
Slide 15: Brand Fashion AI Authenticator
Brand Fashion AI Authenticator Testing on "authentication check" and "date code check" functions has also started overseas 【Assessment using AI authenticator】 【Purpose of development】 Formation of reuse market which customers can use with peace of mind ・Improvement of communication with customers ・E
Slide 16: Brand Fashion: Purchase from individual customers
Brand Fashion Purchase from individual customers （ KOMEHYO ） In 9 months,７purchase centers were opened and purchasing events were held at 74 sites （million of yen) Purchase center Home delivery Purchasing Number of stores 10,000 （stores) 40 43 36 39 48 50 40 264 238 47 260 5,000 247 221 160 20 229 5
Slide 17: Brand Fashion: Enhancement of OMO
Brand Fashion Enhancement of OMO （ KOMEHYO ） Strengthen communication with customers primarily through e-commerce sites during a time when it is difficult to go outside 【E-commerce-induced sales】 KOMEHYO website Back orders Others (million of yen) 2,338 2,211 1,906 1,817 2,006 1,765 343 1,253 415 41
Slide 18: Brand Fashion: Promotion of Sustainability
Brand Fashion Promotion of Sustainability（ KOMEHYO ） Ongoing pursuit of sustainable eco-friendly initiatives 【 Remade jewelry shop 】 【 Vintage product shop 】 【 Shopping bags made from A shop opened for a limited time in a A pop-up shop with a collection of eco-friendly materials】 department store to
Slide 19: Tire・Wheel Store type
Tire・Wheel Store type 【New Tire and Wheel】 【Reuse Tire and Wheel】 10 Stores 5 Stores (Closed: Kagamigahara store, Inazawa store) 4x4, SUV specialty store ４Stores※ European compact car specialty store １Store※ ※Located in a craft store 18
Slide 20: Tire・Wheel Initiatives
Tire・Wheel Initiatives 【Craft：Enhanced customer service focusing on the customer experience】 ・Establishment of call center and assignment of knowledgeable staff (Calls handled - August: 375→December:1,000) ・Higher purchase rates at stores through a system enabling a focus on serving customers and se
Slide 21: Corporate Profile
Corporate Profile Company name Komehyo Holdings Co., Ltd. Established May 1979 ※Transition to holding company system in October 2020 Head Office 3-25-31 Osu, Naka-ku, Nagoya Representative President, Representative Director: Takuji Ishihara Capital 1,803 million yen No. of Consolidated: 951 (As of D
Slide 22: Three important elements
Three important elements KOMEHYO Bing VISION YL-3a-R*e [BABI Hd [xcb] FS. 21
Slide 23: Corporate History
Corporate History ●Opened KOMEHYO Umeda Store, Shinjyuku Store ANNEX,Meieki Store ●Acquired Eve Corporation Co.,Ltd. ●Established Auto Parts KOMEHYO KK (currently AUTO PARTS JAPAN) ●Opened KOMEHYO ●Established KOMEHYO HONG KONG LIMITED SHINJUKU WOMEN, ●Acquired CRAFT Co., Ltd. KOMEHYO ●Established K
Slide 24: Business system diagram
Business system diagram General customers, etc. Used and new product dealers, etc. Manufacturer, etc. Purchase by buying Purchasing and brokering Purchasing new Sale used and new products Sale used goods products 【KOMEHYO HOLDINGS GROUP】 Komehyo Holdings Brand・Fashion business Co.,Ltd. Tire and Whee
Slide 25: Shareholder return
Shareholder return Dividend changes Dividends (Yen) Dividend payout ratio(%) 40 Fiscal year-end dividend 100 Interim dividend 90 35 Payout ratio 80 30 70 25 60 (Schedule) 20 50 15 40 8 30 10 20 5 10 8 0 0 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 24
Slide 26: IR contact
IR contact Corporate Planning Department IR strategy group Phone：+81-52-249-5366 E-mail：ir@komehyo.co.jp 25