Financial Results of Fiscal 2022 1Q
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July 14, 2021
create restaurants holdings inc.
【TSE1, Stock code: 3387】
Copyright © 2021 create restaurants holdings inc. All Rights Reserved.
Contents
Ⅰ ．Financial Highlights
- Financial Results Overview［IFRS］
- Outlet Operating Conditions and Same-store Sales vs. FY2020
- Financial Results Overview（By Category）
Ⅱ．Business Forecasts for Fiscal 2022
- FY2022 Overview of Business Forecasts
- FY2022 Overview of Business Forecasts (By Category)
Ⅲ．Medium-term Management Plan
- Medium to Long-Term Growth Strategy (Summary)
- Growth Strategies ①②③
- Roadmap for Medium-term Management Plan
- Numerical Plan
Ⅳ．Shareholder Reward Policy
1. Shareholder Reward
Ⅴ．Appendix
- Opening and Closing of Outlets
- Same-storeSales Transition
- Financial Position
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Ⅰ . Financial Highlights
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1. Financial Results Overview ［IFRS］
Revenue: 17.7 billion yen, Operating profit: 1.5 billion yen, Profit attributable to owners of parent: 1.1 billion yen,
Adjusted EBITDA: 5.6 billion yen
- Revenue
・The third declaration of the State of Emergency issued on April 25, 2021 and its period was extended twice (until June 20).
- Cooperate with efforts to prevent the spread of infection and respond sincerely to requests from the government and local governments to protect the health of employees.
- Due to the impact of shortened operating hours, closures, and the ban on serving alcohol, actual YoY same-store sales (vs. FY2020)*1 is
sluggish at around 45%.
- Short of the target by 2.8 billion yen.
- Operating Profit
- In addition to the success of the shift to a more robust cost structure, which was implemented from the previous fiscal year, there was support such as cooperative grants and employment adjustment subsidies.
- Exceeded the target by 2 billion yen.
FY2021 1Q | FY2022 1Q | |||
(Million yen) | Result *2 | Ratio to | Result | Ratio to |
revenue | revenue | |||
Revenue | 11,812 | 17,740 | ||
Operating profit | -7,787 | － | 1,520 | 8.6% |
FY2022 1Q | Vs. target | ||
Difference | |||
Target *3 | Ratio to | ||
revenue | |||
20,570 | △ 2,829 | ||
-539 | - | +2,059 |
Profit before taxes | -8,007 | － | 1,461 | 8.2% | -680 | - | +2,141 |
Profit for the period | -7,979 | － | 1,068 | 6.0% |
Profit attributable to | -7,362 | － | 1,067 | 6.0% |
owners of parent | ||||
Adjusted EBITDA *4 | -3,320 | － | 5,562 | 31.4% |
-863 - +1,931
-452 - +1,519
3,642 17.7% +1,920
*1： Actual same-store sales are calculated based on the figures for FY2020 before COVID-19, including closed outlet.
*2： In the previous fiscal year, the Company finalized the provisional accounting treatment for business combinations, and the related consolidated operating results for the previous fiscal year reflect the provisional accounting treatment
*3： Figures for FY2022 1Q(Target) are internal targets.
*4： Adjusted EBITDA= Operating profit + Other operating expenses - Other operating revenues (excluding sponsorship income, employment adjustment subsidies, subsidy for shorten operation hours, rent reductions and exemptions, etc.) + Depreciation and amortization + non-recurring expense items (advisory expenses related to share acquisition, etc.)
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2. Outlet Operating Conditions and Same-store Sales vs. FY2020
March | April | May | June | |||||
（As of March 31） | （As of April 30） | （As of May 31） | （As of June 30） | |||||
Total number of outlets | 1,073 | 1,075 | 1,068 | 1,067 | ||||
Number of outlets in operation | 1,041 | 760 | 790 | 994 | ||||
（Number of outlets in operation / Total number of outlets） | 97.0% | 70.7% | 74.0% | 93.2% | ||||
Number of outlets with shortened operating hours | 637 | 468 | 549 | 724 | ||||
(Number of outlets with shortened operating hours / Number of outlets in operation） | 61.2% | 61.6% | 69.5% | 72.8% | ||||
Actual same-store sales vs. FY2020 | 51.9% | 47.6% | 35.2% | 42.0% | ||||
（Reference） SFP Category | ||||||||
Total number of outlets | 226 | 226 | 226 | 226 | ||||
Number of outlets in operation | 221 | 79 | 41 | 179 | ||||
（Number of outlets in operation / Total number of outlets） | 97.8% | 35.0% | 18.1% | 79.2% | ||||
Number of outlets with shortened operating hours | 176 | 54 | 24 | 149 | ||||
(Number of outlets with shortened operating hours / Number of outlets in operation） | 79.6% | 68.4% | 58.5% | 83.2% | ||||
Actual same-store sales vs. FY2020 | 36.5% | 30.2% | 7.1% | 14.7% |
* June （Preliminary）
* Definition of actual same-store sales vs. FY2020
Calculated based on figures for outlets opened two years ago or earlier, and include outlets that were closed during the period.
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