Supplementary Materials on Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2022
GEO HOLDINGS CORPORATION（2681） | August 12, 2021 |
Summary of this first quarter
Topics for this first quarter
- We opened 15 new stores for 2nd STREET (out of 60 new stores scheduled to be opened during this fiscal year).
- We opened one new store for 2nd STREET respectively in Malaysia and Taiwan (out of 3 new stores in Malaysia and 7 new stores in Taiwan scheduled to be opened during this fiscal year).
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We won the best award for the "6th Inclusive Company Award."
Highlights for the first quarter - The sales for rental merchandise continued to fall due to cease of demand from the public staying home and lack of new titles.
The sales mildly recovered for 2nd STREET, which mainly sells clothing and accessories, even if the public continued - to voluntarily refrain from going out to prevent the spread of COVID-19. The sales recovered from the strong overseas market for OKURA, which mainly sells luxury items.
- The sales decreased from the previous year due to application of the Accounting Standard for Revenue Recognition.
GEO HOLDINGS CORPORATION | 2 |
Contents
- Summary of this first quarter
- Consolidated Results for Three Months Ended June 30, 2021
- Achievement on Forecast for Fiscal Year Ending March 31, 2022
- Our Emphasis towards Growth
- Group Profile
- Appendix
GEO HOLDINGS CORPORATION | 3 |
Consolidated Results for Three Months Ended June 30, 2021
GEO HOLDINGS CORPORATION | 4 |
1 Income statement for three months
Operating profit decreased as the special demand that arose in the previous first quarter from the public staying home settled down.
2021/3 | 2022/3 | Increase/ | Change | |
1Q Results | 1Q Results | decrease | ||
(Millions of yen) | ||||
Net sales | 82,860 | 76,088 | (6,772) | 91.8% |
Gross profit | 33,230 | 31,011 | (2,219) | 93.3% |
(Gross profit ratio) | 40.1% | 40.8% | ||
SG&A | 29,673 | 29,855 | 182 | 100.6% |
Operating profit | 3,557 | 1,155 | (2,401) | 32.5% |
(Operating profit ratio) | 4.3% | 1.5% | ||
Ordinary profit | 3,641 | 1,341 | (2,299) | 36.8% |
Profit | 2,392 | 526 | (1,866) | 22.0% |
※Accounting Standard for Revenue Recognition was applied from this first quarter. However, the amount of net sales for the previous first quarter is calculated based on a different calculation method.
※Profit is profit attributable to owners of parent.
GEO HOLDINGS CORPORATION | 5 |
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