Marui Group Co Ltd Ord (MAURF) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

We will now begin the financial briefing of Marui Group Corporation Limited for the fiscal year ended in March 2023. The financial results will be explained for the first 30 minutes and then there will be a Q&A session. Today's presenters, Hirotsugu Kato, Managing Executive Officer, CFO, will give an overview of the financial results for March 2023 and each business segment. Next, Hiroshi Aoi, President and Representative Director, Representative Executive Officer, CFO, will explain the progress of the medium-term management plan and the future outlook. In addition to the above two speakers for the Q&A session, Yoshinori Saito, President and Representative Director, Eposkart Corporation Limited, Masahiro Aono, President and Representative Director, Marui Corporation Limited, and Nahoko Kutsukake, General Manager, Investor Relations Department, will answer your questions. Here is today's agenda. First, CFO Kato will briefly talk about the financial results for March 2023 and each business segment. I'm Kato. I will now give you an overview of the financial results for the fiscal year and the status of each business segment. There are three financial highlights. First, the three main KPIs of EPS, ROE, and LOIC all achieved their targets. Next is operating income. With fintech falling 1.5 billion yen short of plan, consolidated operating income was 38.8 billion yen, 2.2 billion yen less than planned. We are very sorry. I'll mention the factors behind the shortage later. Finally, net income was lower than forecast, mainly due to lower-than-expected extraordinary losses. The plan was achieved with a 21% increase to 21.5 billion yen. Here are the three main KBIs. All indicators recovered to near their pre-COVID-19 levels. ROE exceeded cost of equity, and ROIC was in line wi...