Translation | ||||
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail. | ||||
Summary of Consolidated Financial Results for the Nine Months Ended May 31, 2025 (Based on Japanese GAAP) | ||||
July 11, 2025 | ||||
Company name: | BIC CAMERA INC. | |||
Stock exchange listing: | Tokyo | |||
Stock code: | 3048 | URL https://www.biccamera.co.jp/ir/ | ||
Representative: | Representative Director and President | Toru Akiho | ||
Inquiries: | Executive Officer, Supervising Business Management | Yuta Sato | TEL 03-3987-8785 | |
Scheduled date to commence dividend payments: | - | |||
Preparation of supplementary material on financial results: | Yes | |||
Holding of financial results meeting: | No | |||
(Amounts less than one million yen are rounded down)
Consolidated financial results for the nine months ended May 31, 2025 (from September 1, 2024 to May 31, 2025)
Consolidated operating results (cumulative) Percentages indicate year-on-year changes
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
Nine months ended May 31, 2025
729,902
6.1
24,515
27.7
25,569
23.4
15,137
43.4
Nine months ended May 31, 2024
687,678
12.3
19,194
76.1
20,719
67.1
10,554
128.6
Note: Comprehensive income
Nine months ended May 31, 2025
¥18,799 million
[20.1%]
Nine months ended May 31, 2024
¥15,655 million
[72.3%]
Earnings per share
Diluted earnings per share
Yen
Yen
Nine months ended May 31, 2025
88.42
88.35
Nine months ended May 31, 2024
61.66
61.61
Consolidated financial position
Total assets
Net assets
Equity ratio
Millions of yen
Millions of yen
%
As of May 31, 2025
505,590
204,362
32.0
As of August 31, 2024
478,248
193,179
31.8
Reference: Equity As of May 31, 2025: ¥161,551 million
As of August 31, 2024: ¥152,280 million
Cash dividends
Annual dividends per share
1st quarter-end
2nd quarter-end
3rd quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Year ended August 31, 2024
-
9.00
-
24.00
33.00
Year ending August 31, 2025
-
18.00
-
Year ending August 31, 2025 (Forecast)
22.00
40.00
Note: Revision to the forecast for dividends announced most recently: No
Forecast of consolidated financial results for the year ending August 31, 2025 (from September 1, 2024 to August 31, 2025)
Percentages indicate year-on-year changes
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Earnings per share
Full year
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
Yen
968,000
4.9
31,000
27.1
32,000
20.0
17,000
22.2
99.29
Note: Revision to the financial results forecast announced most recently: No
Notes
(1) Significant changes in the scope of consolidation during the period | No | |
Newly included: | - companies | |
Excluded: | - companies | |
(2) Application of special accounting methods for preparing quarterly consolidated financial statements: | No |
Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Yes
Changes in accounting policies due to other reasons:
No
Changes in accounting estimates:
No
Restatement of prior period financial statements:
No
Number of issued shares (common shares)
As of May 31, 2025 | 188,146,304 | shares | As of August 31, 2024 | 188,146,304 | shares |
As of May 31, 2025 | 16,927,523 | shares | As of August 31, 2024 | 16,963,723 | shares |
Total number of issued shares at the end of the period (including treasury shares) Number of treasury shares at the end of the period
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended May 31, 2025 | 171,203,266 | shares | Nine months ended May 31, 2024 | 171,181,293 | shares |
Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or an audit corporation: No
Proper use of forecasts of financial results, and other special matters (Caution concerning forward-looking statements)
The forward-looking statements, including the earnings forecasts, shown in this document are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Consequently, the statements herein do not constitute assurances regarding the Company's actual results. Actual financial results may differ substantially due to various factors.
(How to obtain supplementary materials on financial results)
The supplementary materials on financial results will be posted on the Company's website.
Quarterly consolidated financial statements Consolidated balance sheets(Millions of yen) | ||
As of August 31, 2024 | As of May 31, 2025 | |
Assets | ||
Current assets | ||
Cash and deposits | 71,396 | 67,228 |
Accounts receivable - trade | 49,336 | 56,795 |
Merchandise and finished goods | 109,481 | 131,416 |
Raw materials and supplies | 680 | 586 |
Program right | 276 | 339 |
Other | 32,485 | 34,903 |
Allowance for doubtful accounts | (189) | (190) |
Total current assets | 263,467 | 291,078 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 24,668 | 24,504 |
Land | 47,038 | 47,057 |
Other, net | 8,324 | 8,385 |
Total property, plant and equipment | 80,031 | 79,947 |
Intangible assets | ||
Goodwill | 9,649 | 8,860 |
Other | 29,704 | 30,614 |
Total intangible assets | 39,354 | 39,474 |
Investments and other assets | ||
Guarantee deposits | 39,567 | 37,901 |
Other | 56,537 | 57,906 |
Allowance for doubtful accounts | (710) | (717) |
Total investments and other assets | 95,394 | 95,089 |
Total non-current assets | 214,780 | 214,511 |
Total assets | 478,248 | 505,590 |
(Millions of yen) | ||
As of August 31, 2024 | As of May 31, 2025 | |
Liabilities | ||
Current liabilities | ||
Accounts payable - trade | 50,014 | 60,286 |
Short-term borrowings | 61,190 | 75,291 |
Current portion of bonds payable | 200 | - |
Current portion of long-term borrowings | 16,788 | 8,377 |
Income taxes payable | 6,353 | 4,186 |
Contract liabilities | 31,529 | 35,129 |
Provision for bonuses | 6,154 | 9,212 |
Provision for loss on store closings | 158 | 19 |
Asset retirement obligations | 264 | 192 |
Other | 40,354 | 38,081 |
Total current liabilities | 213,009 | 230,777 |
Non-current liabilities | ||
Long-term borrowings | 25,559 | 24,198 |
Contract liabilities | 9,005 | 9,135 |
Provision for goods warranties | 139 | 138 |
Provision for loss on store closings | 109 | 88 |
Retirement benefit liability | 20,993 | 21,892 |
Asset retirement obligations | 10,742 | 10,653 |
Other | 5,511 | 4,344 |
Total non-current liabilities | 72,059 | 70,450 |
Total liabilities | 285,068 | 301,227 |
Net assets | ||
Shareholders' equity | ||
Share capital | 25,929 | 25,929 |
Capital surplus | 27,055 | 27,086 |
Retained earnings | 110,094 | 118,043 |
Treasury shares | (21,670) | (21,624) |
Total shareholders' equity | 141,408 | 149,435 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 10,084 | 11,466 |
Remeasurements of defined benefit plans | 787 | 650 |
Total accumulated other comprehensive income | 10,871 | 12,116 |
Share acquisition rights | 169 | 231 |
Non-controlling interests | 40,729 | 42,578 |
Total net assets | 193,179 | 204,362 |
Total liabilities and net assets | 478,248 | 505,590 |
(Millions of yen) | ||
Nine months ended May 31, 2024 | Nine months ended May 31, 2025 | |
Net sales | 687,678 | 729,902 |
Cost of sales | 507,735 | 535,272 |
Gross profit | 179,942 | 194,630 |
Selling, general and administrative expenses | 160,748 | 170,114 |
Operating profit | 19,194 | 24,515 |
Non-operating income | ||
Interest income | 44 | 62 |
Dividend income | 107 | 130 |
Share of profit of entities accounted for using equity method | 85 | 78 |
Commission income | 1,245 | 494 |
Other | 575 | 875 |
Total non-operating income | 2,058 | 1,640 |
Non-operating expenses | ||
Interest expenses | 241 | 446 |
Other | 292 | 140 |
Total non-operating expenses | 534 | 587 |
Ordinary profit | 20,719 | 25,569 |
Extraordinary income | ||
Gain on sale of non-current assets | 89 | 4 |
Reversal of provision for loss on business of subsidiaries and associates | 47 | - |
Other | 16 | - |
Total extraordinary income | 154 | 4 |
Extraordinary losses | ||
Loss on sale of non-current assets | 2 | 5 |
Loss on retirement of non-current assets | 97 | 78 |
Loss on sale of investment securities | 0 | - |
Impairment losses | 669 | - |
Loss on withdrawal from business | 647 | - |
Other | 1 | 2 |
Total extraordinary losses | 1,419 | 86 |
Profit before income taxes | 19,454 | 25,488 |
Income taxes - current | 6,101 | 7,052 |
Income taxes - deferred | 723 | 860 |
Total income taxes | 6,824 | 7,912 |
Profit | 12,629 | 17,575 |
Profit attributable to non-controlling interests | 2,074 | 2,437 |
Profit attributable to owners of parent | 10,554 | 15,137 |
(Millions of yen) | ||
Nine months ended May 31, 2024 | Nine months ended May 31, 2025 | |
Profit | 12,629 | 17,575 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 3,129 | 1,382 |
Remeasurements of defined benefit plans, net of tax | (103) | (157) |
Total other comprehensive income | 3,026 | 1,224 |
Comprehensive income | 15,655 | 18,799 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 13,609 | 16,382 |
Comprehensive income attributable to non-controlling interests | 2,046 | 2,417 |