Ain Holdings Inc. · TSE:9627
Ain — Q1 FY4/19 Earnings Presentation
23 slides from Ain's earnings presentation, September 2018
Slide 1: FY4/19 1Q IR Presentation
FY4/19 1Q IR PRESENTATION September 2018
Slide 2: Results Overview
Results Overview © 2018 AIN HOLDINGS INC. All Rights Reserved. 1
Slide 3: Consolidated P/L
Consolidated P/L Net sales decreased 1.6% year on year to ¥65,013 million, operating income declined 12.9% to ¥3,450 million, ordinary income dropped 12.7% to ¥3,610 million, and profit attributable to owners of parent decreased 12.7% to ¥1,851 million. FY4/18 1Q FY4/19 1Q FY4/19 1Q YoY YoY Vs plan
Slide 4: Dispensing Pharmacy Business (Consolidated)
Dispensing Pharmacy Business (Consolidated) In spite of contribution of stores that are opened in the previous year, net sales decreased 3.1 % year on year and 1.7% against the plan due to the lagging of new store openings behind the plan. Segment income dropped 17.4% year on year and 6.7% against t
Slide 5: Cosmetic and Drug Store Business (Consolidated)
Cosmetic and Drug Store Business (Consolidated) Net sales increased 11.6% year on year and 2.3% against the plan due to the contribution of stores that are opened in the previous year and improvement of ability to attract customers in same stores. Segment income increasing 883.8% year on year and 56
Slide 6: Consolidated B/S
Consolidated B/S Net cash was ¥43,281 million and shareholders’ equity ratio became 53.0%. We are maintaining a sound financial structure. (¥ million) (¥ million) End-FY4/18 End-FY4/19 1Q Assets Liabilities Assets Liabilities Current assets 69,950 Current assets 70,739 94,557 Current liabilities 94,
Slide 7: Assets
Assets The balance of total assets decreased ¥717 million from the end of the previous fiscal year due to the decreasing in cash on hand and in banks and in goodwill, though inventories increased. (¥ million) End-FY4/18 1Q End-FY4/18 End-FY4/19 1Q Change Cash on hand and in banks 29,500 63,779 61,72
Slide 8: Liabilities and Net Assets
Liabilities and Net Assets The balance of liabilities decreased ¥800 million from the end of the previous fiscal year due to the repayment of debts etc. (¥ million) End-FY4/18 1Q End-FY4/18 End-FY4/19 1Q Change Accounts payable 41,779 38,728 41,646 +2,918 Short-term debt 8,520 6,717 7,486 +769 Lease
Slide 9: FY4/19 Plan (Consolidated)
FY4/19 Plan (Consolidated) The group forecasts net sales for the fiscal year ending April 30, 2019 of 272,870 million, increase 1.7% year on year by openings new stores (100 pharmacies and 7 Cosmetic and drug stores) , ordinary income decrease 10.6% due to the dispensing fee revisions. FY4/17 FY4/18
Slide 10: 1Q Review
1Q Review © 2018 AIN HOLDINGS INC. All Rights Reserved. 9
Slide 11: Review① (Vs FY4/18 Results)
Review①（Vs FY4/18 Results） ■ Net sales +¥0.08 billion AYURA FY4/18 1Q FY4/19 1Q YoY +¥0.09 Mail order etc. YoY change billion results results change ¥(1.8) (%) New stores (¥ million) billion Existing stores +¥2.0 Net sales 66,095 65,013 (1,082) (1.6) billion Full contribution of previous year’s Gros
Slide 12: Review② (Vs plan)
Review②（Vs plan） ■ Net sales FY4/19 1Q FY4/19 1Q Vs plan +¥0.2 Vs plan FY4/19 1Q plan results (%) billion (¥ million) Existing stores results FY4/19 1Q Net sales 65,900 65,013 (887) (1.3) plan ¥(1.1) billion Unachieved Gross profit ¥(0.9) % of net 10,980 10,687 (293) (2.7) openings of this year bill
Slide 13: Top-line①
Top-line① Although M&A fell below the plan in FY4/19 1Q, the group has decided to acquire Kom-Medical and ABC Pharmacy in Sep 2018, and the group is expect to reach the 107 new store openings in this fiscal year. ■ Total number of stores 1,072 (Dispensing pharmacy:1,024 Cosmetic and drug store:48) H
Slide 14: Correspondence to Dispensing Fee Revisions of 2018
Correspondence to Dispensing Fee Revisions of 2018 Objects: 1,016 stores, which including same stores and stores that were opened in previous year Basic dispensing fee Community support system premiums Fee 1（41pts） Fee 2（25pts） Community support system premiums(35pts) Fee 3-Ⅱ（15pts） Fee SP（10pts
Slide 15: FY4/19 Plan (Dispensing Pharmacy Business)
FY4/19 Plan（Dispensing Pharmacy Business） ■ Net sales YoY +¥12.1 FY4/18 FY4/19 YoY billion ¥(11.9) change billion results plan change New 100 (%) Impact of （¥ million） store revision Net sales 238,645 239,800 +1,155 +0.5 ¥(4.0) billion Store Closing in current and previous year +¥4.9 billion Gross p
Slide 16: Expansion of AINZ & TULPE
Expansion of AINZ & TULPE HIGASHI IKEBKURO Location Toshima-ku, Tokyo Open Aug 3, 2018 Sales floor 800㎡ OLINAS KINSHICHO Location Sumida-ku, Tokyo Open Sep 13, 2018 (plan) Sales floor 290㎡ © 2018 AIN HOLDINGS INC. All Rights Reserved. 15
Slide 17: FY4/19 Plan (Cosmetic and Drug Store Business)
FY4/19 Plan（Cosmetic and Drug Store Business） ■ Net sales +¥1.2 billion YoY New 7 ¥(0.7) billion FY4/18 FY4/19 YoY stores change Closed in previous year stores results plan change (%) （¥ million） +¥0.7 billion Full contribution of +¥2.8 opening in previous year Net sales 24,117 27,000 +2,883 +12.0 B
Slide 18: Supplementary Information
Supplementary Information © 2018 AIN HOLDINGS INC. All Rights Reserved. 17
Slide 19: Dispensing fee revision of 2018
Dispensing fee revision of 2018 Before revision Point After revision Point 1 Except following 41 1 Pharmacy which located at few medical resources area or except 2,3 & S 41 Over 4,000 times & 70% Over 4,000 times & 70% or Over 2,000 times & 90% or Over 2,000 times & 85% 2 or Over 4,000 times from sp
Slide 20: Company Profile
Company Profile Trade name AIN HOLDINGS INC Representative Kiichi Otani, President and Representative Director Established August 1969 Market capitalization ¥301,134 million As of August 31, 2018 Net sales and Net sales: ¥268,385 million Operating income: ¥19,622 million As of FY4/18 operating incom
Slide 21: Operating margin: Comparison to Other Companies
Comparison to Other Companies （%） 8.0 7.0 B company 6.0 AIN HOLDINGS A company Net sales：¥268,385 million 5.0 E company Operating margin C company Operating margin：7.3% Market capitalization： 4.0 D company ¥301,134 million 3.0 2.0 1.0 0.0 0 40,000 80,000 120,000 160,000 200,000 240,000 280,000 （¥ mi
Slide 22: AIN HOLDINGS INC. Corporate Planning Division
Inquiries related to this presentation should be addressed to AIN HOLDINGS INC. Corporate Planning Division TEL(81)11-814-0010 FAX(81)11-814-5550 http://www.ainj.co.jp/ This document may not be reproduced or distributed to any third party without prior approval of AIN HOLDINGS INC. This document has
Slide 23: AIN GROUP
AIN GROUP