Valor Holdings Co., Ltd. · TSE:9956

Valor — Q1 FY2024 Earnings Presentation

16 slides from Valor's earnings presentation, Aug 10, 2023

  1. Slide 1: FY 2024 1Q Financial Presentation

    FY 2024 1Q Financial Presentation August 10, 2023 <Cautionary Statement Regarding This Document> Forward-looking statements are based on the information available to Valor and its consolidated subsidiaries when preparing this presentation. Various factors in the future may cause our actual results t

  2. Slide 2: Key Points of FY24 1Q Financial Results

    Key Points of FY24 1Q Financial Results ➢ Summary - We posted a record high operating revenues, continuing on from last year. - In the supermarket business, we opened Omihachiman store in April, and existing store sales grew 2.8% YoY. Tachiya and Yaosen, which opened in the previous fiscal year, als

  3. Slide 3: FY2024 1Q Results

    FY2024 1Q Results ➢ Record-high operating revenues. ➢ Gross profit rates improved, and operating income and other incomes also increased. (Yen in millions, except for EPS) FY21 1Q FY22 1Q FY23 1Q FY24/6 * Results Results Results Plan Results vs. Plan Operating 183,002 182,601 186,630 192,000 196,270

  4. Slide 4: Factors of Increase/Decrease in Operating Income

    Factors of Increase/Decrease in Operating Income ➢ Gross operating income increased approx. ¥2.9 billion, partly due to improvement in gross profit rates. ➢ Rise in utilities costs is approx. ¥300 million. (Yen in millions) Increase in sales costs Increase in gross Increase operating in labor Increa

  5. Slide 5: Operating Results by Segment

    Operating Results by Segment ➢ Supermarkets: Sales and income increased due to new store openings and strong existing store sales ➢ Drugstores: Sales and income increased due to the growth in the dispensing and cosmetics divisions and higher gross profit rates. ➢ Home improvement centers: Sales and

  6. Slide 6: Supermarkets

    Supermarkets ➢ Income level of approx. ¥2.3 billion higher than before the COVID-19 pandemic (FY2020 1Q). ➢ Gross profit rates improved from 27.7% to 28.1%. (Yen in 100 millions) SM segment profit 70 Analyses of 1Q results 63.0 (factors of the change from the plan and from the previous year) 60 Oper

  7. Slide 7: Drugstores

    Drugstores ➢ Income level of approx. ¥300 million higher than before the COVID-19 pandemic (FY2020 1Q). ➢ Strong existing store sales (+5.9%), capturing demand for pharmaceuticals and cosmetics, despite a slowdown in products related to the shift of COVID- 19 to Class 5. (Yen in 100 millions) DgS se

  8. Slide 8: Home Improvement Centers

    Home Improvement Centers ➢ Income level of approx. ¥300 million higher than before the COVID-19 pandemic (FY2020 1Q). ➢ Customers' changes in attitudes and behavior associated with the shift of COVID-19 to Class 5. ➢ Need to take actions due to soaring raw material prices. (Yen in 100 millions) HC s

  9. Slide 9: Sports Clubs

    Sports Clubs ➢ Income level of approx. ¥300 million lower than before the COVID-19 pandemic (FY2020 1Q). ➢ Membership increased in 1Q, but product sales slowed down. ➢ Aiming to turn profitable in a single month at an early date. (Yen in 100 millions) SpC segment profit 2 Analyses of 1Q results (fac

  10. Slide 10: Distribution-related business

    Distribution-related business ➢ Income level of approx. 50 million yen lower than before the COVID- 19 pandemic (FY2020/1Q). ➢ Contribution from SHOWAFILM Co., Ltd. and Unidopack Co., Ltd., which became subsidiaries during this period. (Yen in 100 Distribution segment profit millions) 12 Analyses of

  11. Slide 11: Other businesses (Pet shops, Credit card services, etc.)

    Other businesses(Pet shops, Credit card services, etc.) ➢ Income level of approx. 200 million yen lower than before the COVID- 19 pandemic (FY2020/1Q). ➢ Including sales promotion expenses for the "Lu Vit Credit Card," which began accepting members in April. (Yen in 100 millions) Other businesses Op

  12. Slide 12: Changes in Management Indicators

    Changes in Management Indicators ➢ ROA, ROE, and total asset turnover improved. ➢ Improvement of ROIC is an issue. FY22 1Q FY23 1Q FY24 1Q Results Results Results ROA 7.2% 5.8% 5.9% ROR 4.0% 3.2% 3.2% Total Asset Turnover 1.8 1.8 1.9 ROE 10.6% 8.3% 9.0% ROIC* 6.3% 4.8% 4.7% Equity ratio 36.1% 35.8%

  13. Slide 13: FY2024 Forecast

    FY2024 Forecast ➢ In the supermarket business, we aim to further improve profitability by promoting the shift to “Neo Destination Stores*.” *a company that is chosen by society ➢ In the drugstore business, we are working to improve the profitability of stores by attaching dispensing pharmacies and r

  14. Slide 14: Number of Stores and Capital Investment Plan

    Number of Stores and Capital Investment Plan ➢ Valor is planning to open new stores in Kansai area in the supermarket business. ➢ Focusing on opening specialty stores in the home improvement center business. FY23 FY24 1Q FY24 Plan (Number of stores) FY end Open Closed FY end Open Closed FY end Super

  15. Slide 15: Disclaimer

    Disclaimer • This material is provided for informational purposes only and is not intended as a solicitation to take any action. This material (including performance plans) has been prepared by Valor Holdings based on reliable information currently available, but it contains risks and uncertainties.

  16. Slide 16: https://valorholdings.co.jp/

    https://valorholdings.co.jp/

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