Edion Corporation · TSE:2730

Edion — H1 FY03/25 Earnings Presentation

24 slides from Edion's earnings presentation, Nov 1, 2024

  1. Slide 1: Analyst Meeting 1H FY03/25

    Analyst Meeting 1H FY03/25 Date for the Six Months Ended September 30, 2024 EDION Corporation November 1, 2024 © EDION Corporation

  2. Slide 2: Agenda

    1. 1H FY03/25 Results 2. FY03/25 Earning Forecast 3. Key Topics © EDION Corporation

  3. Slide 3: 1. 1H FY03/25 Results

    1. 1H FY03/25 Results © EDION Corporation

  4. Slide 4: Review of 1H FY03/25

    Review of 1H FY03/25 YoY comparisons for all stores (orders received at POS) （％） 130 1H YoY 107.6%（ existing store sales 104.4%） 1Q YoY 108.9%（existing store sales 105.3%） 2Q YoY 106.5%（existing store sales 103.7%） 120 117.6 110.8 110 104.9 107.2 104.4 100 101.0 90 Apr. May Jun. Jul. Aug. Sep. In th

  5. Slide 5: Consolidated Statements of Income for 1H FY03/25

    Consolidated Statements of Income for 1H FY03/25 1H FY03/24 1H FY03/25 Million yen, % % of Sales Results % of FY2023 % of Sales Results % of FY2024 YoY Change Net Sales 352,577 100.4 380,500 107.9 27,922 Gross Profit 30.22 106,544 99.8 30.17 114,779 107.7 8,234 SG&A Expenses 27.2 95,765 99.3 26.4 10

  6. Slide 6: Earnings for 1H FY03/25

    Earnings for 1H FY03/25 (JPY bn.) Consumption ■Impact from change in accounting policy 80% tax hike 4,000 400.0 stay-at-home 391.4 Net Sales 70% demand 396.7 382.6 60% JPY380.5bn 3,700 370.0 360.1 361.6 362.5 （Before change in accounting policy) 380.5 50% JPY391.4bn） 352.3 348.7 351.1 352.5 340.0 3,

  7. Slide 7: Comparison of Orders by Product YoY

    Comparison of Orders by Product YoY (Orders acquired at POS) TVs Air Conditioners Refrigerators （％） （％） （％） 上期前年⽐ 85.2％ 1H FY03/25 上期前年⽐ 102.7％ 1H FY03/25 上期前年⽐ 113.0％ 1H FY03/25 160 YoY 103.3 2018⽐ % 113.7% 160 YoY 112.2 2018⽐ % 104.2% 180 YoY 95.5% 2018⽐ 95.8％ 160 140 140 127.4 140 116.1 119.4 113

  8. Slide 8: Comparison of Orders by Product YoY

    Comparison of Orders by Product YoY (Orders acquired at POS) Washing Machines PCs ELS Business （％） （％） （％） 上期前年⽐ 85.2％ 1H FY03/25 上期前年⽐ 102.7％ 1H FY03/25 上期前年⽐ 113.0％ 1H FY03/25 160 YoY 101.0 2018⽐ % 113.7% 160 YoY 92.2% 2018⽐ 104.2% 180 YoY 112.5% 2018⽐ 95.8％ 160 140 140 140 122.0 120 120 116.7 108

  9. Slide 9: 1H FY03/25 Gross Profit Margin and SG&A Ratio

    1H FY03/25 Gross Profit Margin and SG&A Ratio Gross profit margin: 30.17% in 1H FY03/2025, ■Gross Profit Margin 30.22% in 1H FY03/2024, YoY Change -0.05% （％） 32 “Factor 30.14 30.43 30.40 30.22 30.17 ▷1Q FY03/25, YoY Change -0.17% 29.41 Although seasonal products performed well, the GPM was 30 affect

  10. Slide 10: Consolidated Balance Sheet

    Consolidated Balance Sheet （Million yen） End-March End-Sep. End-March End-Sep. Change Change 2023 2024 2023 2024 Notes and Accounts Payable- Cash and Cash Equivalents 12,011 9,349 △2,661 38,591 20,493 △18,097 Trade Inventories-Merchandise 117,902 118,051 148 Short-term Loans Payable 10,113 3,139 △6,

  11. Slide 11: Inventory Status

    Inventory Status (JPY bn.) 124.0 0.3 0.1 0.5 122.3 TVs ELS -1.1 122.0 Business Refrigerators Washing Machines -1.7 JPY4.2bn 120.0 PCs Reduction -2.3 Other 118.0 118.0 Air -0.0 Conditio Approximately –JPY4.1bn ners 116.0 Increase in Major Products 114.0 112.0 110.0 End-Sep. 2023 End-Sep. 2024 *Figure

  12. Slide 12: Consolidated Statements of Cash Flows

    Consolidated Statements of Cash Flows End-September 2023 End-September 2024 YoY Change Profit Before Income Taxes 10,798 14,842 4,044 Decrease (increase) in Inventories △6,193 △274 5,918 Increase (decrease) in notes and accounts △5,070 △1,750 3,320 payable – trade Other 17,430 18,265 835 Subtotal 16

  13. Slide 13: 2. FY03/25 Earning Forecast

    2. FY03/25 Earning Forecast © EDION Corporation

  14. Slide 14: 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

  15. Slide 15: Store Openings, Relocations, and Closings

    Store Openings, Relocations, and Closings (Actual and Planned) EDION Group 1,204 stores As of end-Sep. 2024 ■EDION-owned stores 456 ■Franchise stores 748 Focus on repainting exterior walls of existing stores ▷13 stores in 1H FY03/25 Results, 21 stores to be repainted in 2H FY03/25 EDION Yashiro (Kum

  16. Slide 16: 3. Key Topics

    3. Key Topics © EDION Corporation

  17. Slide 17: Temperature Fluctuations and Air Conditioner Sales

    Relationship Between Temperature Fluctuations During June-September and Sales of Air Conditioner Orders ℃ When the temperature Air Conditioner order sales 40 difference from the average 1600 Maximum temperature (average) temperature increases sharply, sales of air conditioners are Maximum temperatur

  18. Slide 18: Strengthening EDION's Original House-Cleaning Service

    Strengthening the EDIONʼs Original House-Cleaning Service Sales in the First Half (April-September) Vs. 1H FY03/21 （％） 190 171.7 170 150 143.2 129.7 130 110.1 110 EDION's logistics service employees 90 provide technical and on-the-job training 1H FY03/22 1H FY03/23 1H FY03/24 1H FY03/25 at training

  19. Slide 19: Inbound Status

    Inbound Status Sales Trend in EDION Stores (YoY) Share of Users in the First Half of 2024 (April-September) Visitors from 156 countries used EDION stores Start of phased KOR, 1.14% acceptance of PHL, 1.16% inbound tourists Other,… into Japan USA, 2.22% On May 5, 2023, WHO announces end of emergency

  20. Slide 20: EDION PB Brand Introduction

    EDION PB Brand Introduction EDION's Private Brand Product that Meets Customer Needs from Various Angles 15 © EDION Corporation

  21. Slide 21: Integrated Report 2024 Release

    Integrated Report 2024 Release ▷For more information, please visit our corporate website https://www.edion.co.jp/en/ir/library/integration 16 © EDION Corporation

  22. Slide 22: 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

  23. Slide 23: Dividends and Share Prices

    Dividends and Share Prices While striving to improve capital efficiency, as Interim dividend measured through ROIC growth, we will focus on 60 Year-end dividend maintaining a sound and stable balance sheet. 50.0% 50 Commemorative dividend 1. Dividend Policy 39.2% Payout ratio EDION recognizes the re

  24. Slide 24: 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

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