H2O Retailing Corporation · TSE:8242
H2O Retailing — Q1 FY2021 Earnings Presentation
10 slides from H2O Retailing's earnings presentation, Dec 1, 2021
Slide 1: 1Q of FY2021 Presentation Materials
1Q of FY2021 Presentation Materials H2O RETAILING CORPORATION
Slide 2: Agenda
１．Consolidated Financial Results ２．Results by segment ３．Department store business ４．Supermarket business 1
Slide 3: 1. Consolidated Financial Results
1. Consolidated Financial Results ▶Sales decreased mainly in department store business due to the temporary closure of stores and voluntary restraint of going out ▶Extraordinary losses of ¥4.9 billion associated with COVID-19 （Personnel expenses:¥3.0 billion, Rent expenses and depreciation:¥1.7 bill
Slide 4: Consolidated Financial Results - Factors affecting OP
1. Consolidated Financial Results ーFactors affecting OP billions of yen One-time treatment 1Q/FY2020 related to 1Q/FY2021 COVID-19 2.9 (9.3) (3.3) (12.1) +6.0 Gross profit decrease (19.3) Rent fee +4.9 Personnel reduction expenses Depreciation decrease +1.1 Transferred due to decrease Expenses busin
Slide 5: 2. Results by segment
２. Results by segment ▶Izumiya split affected SM business and SC business Sales ¥19.5 billion, OP ¥1.0 billion Sales OP （billions of yen） Amount YOY Amount YOY Department store 48.4 (65.1) (57.4)％ (2.9) (5.8) (17.8) (20.2)％ 1.5 +2.3 Supermarket 70.2 3 companies of SM ＋2.7 Food manufacturing and othe
Slide 6: 3. Department store business
３. Department store business ▶Sales decrease owing to temporary store closure and stay home orders YOY change of sales April:(79.4)％ May:(68.7)％ June:(22.1)％ ▶SG&A, mainly personnel expenses, rent expenses and sales commission, decreased losses related to COVID-19 of ¥4.1 billion (personnel expenses
Slide 7: 3. Department store business
３. Department store business ▶After the declaration of state of emergency, the company had closed stores 43~51days except food halls ▶continued shortening opening hours, refraining from holding events １Q Closure period YOY Hankyu Main store (61.5)% April 8th-May 20th,May 23rd,May 24th Hanshin Main s
Slide 8: 3. Department store business
３. Department store business ▶ Metropolitan stores : Sales of both food and fashion products struggled due to a decline in customer visits. Pent-up demand and an early clearance contributed to sales in June. Domestic sales (16)% YOY, inbound sales (90)% YOY. ▶ Suburban stores : Sales decline were sm
Slide 9: 4. Supermarket business
４. Supermarket business ▶OP in supermarket companies significantly rose by the sales growth due to the high demand for eating at home, and effect of Izumiya restructuring. Food manufacturing companies struggled owing to the demand decrease of a ready-to-eat meal and the closure of wholesale merchant
Slide 10: Disclaimer
The information contained in this material reflects judgments made by H2O Retailing at the time of preparing this material, and no guarantees are provided concerning the accuracy of the information. The information is also subject to change without prior notice. H2O and the information providers ass