Investors Guide. February Shimamura Co.,Ltd.

Transcription

1 Investors Guide February-2018 Shimamura Co.,Ltd.

2 Ⅰ.Shimamura Co., Ltd. (Consolidated) 1.Consolidated Financial Summary and Forecast (1)Consolidated Profit and loss statement (2)Selling, General and Administrative Expenses (3)Consolidated quarterly Profit and loss statement (4)Consolidated Balance Sheets (5)Consolidated Major Financial Indicators 2.Number of Stores by Region 3.Store operation 4.Number of Employees 5.Capital Expenditures Ⅱ.Shimamura Co., Ltd. (Non-consolidated) 1.Non-consolidated Financial Summary and Forecast (1)Non-consolidated profit and loss statement (2)Selling, General and Administrative Expenses 2.Sales and Gross profit (1)Monthly sales, customer numbers and per customer spending (Shimamura) (2)Net sales, Customer numbers, Items purchased customer, Average spending per customer Average price per item sold(shimamura) (3)Monthly sales, customer numbers and per customer spending (Avail) (4)Net sales, Customer numbers, Items purchased customer, Average spending per customer Average price per item sold(avail) (5)Sales and Gross profit Breakdown by Product Line (6)New store sales trend(shimamura) 3.Sales by prefecture and Retail floor space (Shimamura) Ⅲ.CHINA TAIWAN Shimamura 1.Financial Summary and Forecast Ⅳ.CHINA(Shanghai) Shimamura 1.Financial Summary and Forecast 14 15

3 Ⅰ.Shimamura Co., Ltd. (Consolidated) 1.Consolidated Financial Summary and Forecast (1)Consolidated Profit and loss statement (Units:Millions of yen,%) Subject Feb-2017 Feb-2018 Aug-2018 Forecast Feb-2019 Forecast Amount Comp ratio YOY Amount Comp ratio YOY Amount Comp ratio YOY Amount Comp ratio YOY Net Sales 565, , , , Shimamura 451, , , , Avail 50, , , , Birthday 46, , , , Chambre 9, , , , Divalo CHINA TAIWAN 5, , , , CHINA(Shanghai) , Cost of goods sold 377, , , , Gross profit 187, , , , Other operating income 1, , , Operating Gross Profit 188, , , , SG & A expenses 139, , , , Operating Profit 48, , , , Non-operating income 1, , , Non-operating expenses Ordinary Profit 50, , , , Extraordinary profit Extraordinary losses , , Pretax profit 49, , , , Tax 16, , , , Net Profit 32, , , ,

4 (2)Selling, General and Administrative Expenses (Units:Millions of yen,%) Subject Feb-2017 Feb-2018 Aug-2018 Forecast Feb-2019 Forecast Amount Comp ratio YOY Amount Comp ratio YOY Amount Comp ratio YOY Amount Comp ratio YOY Wages 54, , , , Personal expenses 64, , , , Advertising expenses 13, , , , Selling expenses 19, , , , Non-durable goods 1, , , Display total 3, , , Operating expenses 8, , , , Rental expenses 30, , , , Depreciation 5, , , , Facilities cost 44, , , , General expenses 3, , , , SG & A expenses 139, , , , (3)Consolidated quarterly Profit and loss statement (Units:Millions of yen,%) Subject May-2017 Aug-2017 Nov-2017 Feb-2018 Amount Comp ratio YOY Amount Comp ratio YOY Amount Comp ratio YOY Amount Comp ratio YOY Net Sales 138, , , , Cost of goods sold 91, , , , Gross profit 46, , , , Other operatingincome OperatingGross Profit 46, , , , SG & A expenses 36, , , , Operating Profit 10, , , , Ordinary Profit 10, , , , Net Profit 7, , , ,

5 (4)Consolidated Balance Sheets (Units:Millions of yen,%) Feb-2017 Aug-2017 Feb-2018 Amount Comp ratio YOY Amount Comp ratio YOY Amount Comp ratio YOY Current assets 208, , , Noncurrent assets 171, , , Total assets 379, , , Current liabilities 43, , , Noncurrent liabilities 4, , , Total liabilities 48, , , Total shareholder s equity 327, , , Valuation difference 3, , , Total net assets 331, , , Total assets 379, , , (5)Consolidated Major Financial Indicators Feb-2014 Feb-2015 Feb-2016 Feb-2017 Feb-2018 Capital adequacy ratio 86.6% 86.6% 86.8% 87.3% 88.8% ROE 10.3% 8.4% 8.4% 10.3% 8.7% ROA 8.7% 7.2% 7.2% 9.0% 7.6% Ordinary profit to total assets 14.5% 12.0% 11.9% 13.7% 11.3% Total assets turnover ratio 1.65times 1.59times 1.60times 1.55times 1.45times Interest-bearing debt ratio 1.9% 1.2% 0.6% 0.0% 0.0% Gross profit ratio 32.3% 31.7% 31.5% 33.2% 33.5% SG & A expenses ratio 24.2% 24.7% 24.4% 24.8% 26.1% Operating profit ratio 8.3% 7.2% 7.3% 8.6% 7.6% Ordinary profit ratio 8.8% 7.5% 7.5% 8.9% 7.8% Net assets per share 7,327.03yen 7,808.33yen 8,293.63yen 9,015.46yen 9,606.97yen EPS yen yen yen yen yen -3-

6 2.Number of Stores by Region Store Type Shimamura Avail Birthday Chambre Divalo Shimamura Group 2017 Op Clo Op Clo Op Clo Op Clo Op Clo Op Clo 2018 Prefecture End en se End End en se End End en se End End en se End End en se End End en se End Hokkaido Aomori Iwate Miyagi Akita Yamagata Fukushima Hokkaido Tohoku Area Ibaraki Tochigi Gunma Saitama Chiba Tokyo Kanagawa Yamanashi Nagano Kanto Koshin Area Niigata Toyama Ishikawa Fukui Hokuriku Area Gifu Shizuoka Aichi Mie Tokai Area

7 Store Type Shimamura Avail Birthday Chambre Divalo Shimamura Group 2017 Op Clo Op Clo Op Clo Op Clo Op Clo Op Clo 2018 Prefecture End en se End End en se End End en se End End en se End End en se End End en se End Shiga Kyoto Oosaka Hyougo Nara Wakayama Kinki A rea Tottori Shimane Okayama Hiroshima Yamaguchi Chugoku Area Tokushima Kagawa Ehime Kochi Shikoku Area Fukuoka Saga Nagasaki Kumamoto Ooita Miyazaki Kagoshima Okinawa Kyusyu Okinawa Area Japan Total 1, , , ,089 CHINA TAIWAN CHAINA(Shanghai) T o t a l 1, , , ,145-5-

8 3.Store operation (1)Store openings Shimamura Avail Birthday Chambre Divalo CHINA TAIWAN Shimamura CHINA(Shanghai) Shimamura Shimamura Group Feb-2015 Feb-2016 Feb-2017 Feb-2018 Feb-2019 Forecast New store openings Closures Renovation Scrap & rebuild Year-end total 1,321 1,345 1,365 1,401 1,441 New store openings Closures Scrap & rebuild Year-end total New store openings Closures Scrap & rebuild Year-end total New store openings Closures Scrap & rebuild Year-end total New store openings Closures Scrap & rebuild Year-end total New store openings Closures Scrap & rebuild Year-end total New store openings Closures Scrap & rebuild Year-end total New store openings Closures Scrap & rebuild Year-end total 1,931 2,015 2,066 2,145 2,242-6-

9 (2)Retail Floor Space (Units: m2 ) Store Type Feb-2015 Feb-2016 Feb-2017 Feb-2018 Feb-2019 Forecast Shimamura 1,375,537 1,399,306 1,422,010 1,461,905 1,503,000 Avail 286, , , , ,000 Birthday 162, , , , ,000 Chambre 81,381 87,278 92,259 93,193 94,000 Divalo 5,658 6,497 4,163 6,562 10,000 CHINA TAIWAN Shimamura 36,224 37,759 40,212 42,813 45,000 CHINA (Shanghai) Shimamura 6,881 12,473 10,142 9,981 10,000 Shimamura Group 1,955,005 2,032,035 2,088,971 2,165,687 2,258,000 4.Number of Employees (Units:person %) Shimamura Non-consolidated Subsidiary Shimamura Group Total Feb-2016 Feb-2017 Feb-2018 Feb-2019 Forecast Person YOY Person YOY Person YOY Person YOY Full-time 2, , , , Part-time 11, , , , Total 14, , , , Full-time Part-time Total Full-time 2, , , , Part-time 12, , , , Total 14, , , ,

10 5.Capital Expenditures (1)Shimamura Co,. Ltd.(Non-consolidated) (Until:Millions of yen,%) Feb-2016 YOY Feb-2017 YOY Feb-2018 YOY Feb-2019 Forecast YOY Buildings 7, , , , Structures , Machine Equipment Land 10,635-1, ,000 - Construction in progress ,000 - Tangible fixed assets 19, , , , Deposits for rent 1, , , , Lease deposits Total capital expenditures 21, , , , Depreciation 5, , , , (2)Subsidiary (Units:Millions of yen,%) Feb-2016 YOY Feb-2017 YOY Feb-2018 YOY Feb-2019 Forecast YOY Total capital expenditures Depreciation (3)Shimamura Co,. Ltd.(consolidated) (Units:Millions of yen,%) Feb-2016 YOY Feb-2017 YOY Feb-2018 YOY Feb-2019 Forecast YOY Total capital expenditures 21, , , , Depreciation 5, , , ,

11 Ⅱ.Shimamura Co,. Ltd.(Non-consolidated) 1.Non-consolidated Financial Summary and Forecast (1)Non-consolidated profit and loss statement (Units:Millions of yen,%) Feb-2017 Feb-2018 Aug-2018 Forecast Feb-2019 Forecast Amount Comp ratio YOY Amount Comp ratio YOY Amount Comp ratio YOY Amount Comp ratio YOY Net Sales 559, , , , Cost of goods sold 373, , , , Gross profit 185, , , , Other operating income 1, , Operating Gross Profit 186, , , , SG & A expenses 137, , , , Operating Profit 49, , , , Non-operating income 1, , , Non-operating expenses Ordinary Profit 50, , , , Extraordinary profit Extraordinary losses , , Pretax profit 49, , , , Tax 16, , , , Net Profit 33, , , , (2)Selling, General and Administrative Expenses (Units:Millions of yen,%) Feb-2017 Feb-2018 Aug-2018 Forecast Feb-2019 Forecast Amount Comp ratio YOY Amount Comp ratio YOY Amount Comp ratio YOY Amount Comp ratio YOY Wages 53, , , , Personal expenses 63, , , , Advertising expenses 13, , , , Selling expenses 18, , , , Non-durable goods 1, , , Display total 3, , , Operating expenses 8, , , , Rental expenses 29, , , , Depreciation 5, , , , Facilities cost 43, , , , General expenses 3, , , , SG & A expenses 137, , , ,

12 2.Sales and Gross profit (1)Monthly sales, customer numbers and per customer spending (Shimamura) (Units:%) Feb st half Mar Apr May 1st quarter Jun Jul Aug 2nd quarter 1st half Existing stores Net sales All stores Customer numbers All Stores Spending per customers Feb nd half Sep Oct Nov 3rd quarter Dec Jan Feb 4th quarter 2nd half Year total Existing stores Net sales All stores Customer numbers All Stores Spending per customers Feb st half Mar Apr May 1st quarter Jun Jul Aug 2nd quarter 1st half Existing stores Net sales All stores Customer numbers All Stores Spending per customers Feb nd half Sep Oct Nov 3rd quarter Dec Jan Feb 4th quarter 2nd half Year total Existing stores Net sales All stores Customer numbers All Stores Spending per customers (2)Net sales, Customer numbers, Items purchased customer, Average spending per customer, Average price per item sold(shimamura) Feb-2014 Feb-2015 Feb-2016 Feb-2017 Feb-2018 Amount YOY Amount YOY Amount YOY Amount YOY Amount YOY Net store sales(millions of yen) 407, , , , , Customer of number(thousands) 160, , , , , Items purchased customer Average spending Per customer(yen) 2, , , , , Average price per item sold(yen)

13 (3)Monthly sales, customer numbers and per customer spending(avail) (Units:%) Feb st half Mar Apr May 1st quarter Jun Jul Aug 2nd quarter 1st half Existing stores Net sales All stores Customer numbers All Stores Spending per customers Feb nd half Sep Oct Nov 3rd quarter Dec Jan Feb 4th quarter 2nd half Year total Existing stores Net sales All stores Customer numbers All Stores Spending per customers Feb st half Mar Apr May 1st quarter Jun Jul Aug 2nd quarter 1st half Existing stores Net sales All stores Customer numbers All Stores Spending per customers Feb nd half Sep Oct Nov 3rd quarter Dec Jan Feb 4th quarter 2nd half Year total Existing stores Net sales All stores Customer numbers All Stores Spending per customers (4)Net sales, Customer numbers, Items purchased customer, Average spending per customer, Average price per item sold(avail) Feb-2014 Feb-2015 Feb-2016 Feb-2017 Feb-2018 Amount YOY Amount YOY Amount YOY Amount YOY Amount YOY Net store sales(millions of yen) 52, , , , , Customer of number(thousands) 18, , , , , Items purchased customer Average spending Per customer(yen) 2, , , , , Average price per item sold(yen) 1, , , , ,

14 (5)Sales and Gross profit Breakdown by Product Line (Units:Millions of yen,%) Feb-2016 Feb-2017 Feb-2018 Amount YOY Comp ratio Margin YOY Amount YOY Comp ratio Margin YOY Amount YOY Comp ratio Margin YOY Woman s wear 141, , , Underwear 108, , , Bedclothes 46, , , Men s wear 36, , , Baby & Kid s 29, , , Accessories 31, , , Interior 24, , , Shoes 22, , , Shimamura 441, , , Woman s wear 19, , , Men s & Kid s 12, , , Shoes 11, , , Underwear 4, , , Avail 49, , , Birthday 38, , , Chambre 10, , , Divalo Total 540, , , (6)New store sales trend(shimamura) Feb-2014 YOY Feb-2015 YOY Feb-2016 YOY Feb-2017 YOY Feb-2018 YOY New store sales 5,332, ,179, ,551, ,622, ,725, Month in operation New store sales per month 29, , , , , New store openings

15 3.Sales by prefecture and Retail floor space (Shimamura) (Units: Millions of yen, m2,%) Prefecture Net sales YOY Retail YOY Number Market Net sales YOY Retail YOY Number Market Prefecture (%) Space (%) stores Share (%) Space (%) stores Share Hokkaido 20, , Oosaka 18, , Aomori 6, , Hyougo 14, , Iwate 6, , Nara 4, , Miyagi 10, , Wakayama 4, , Akita 5, , Kinki area 53, , Yamagata 5, , Tottori 2, , Fukushima 11, , Shimane 2, , Hokkaido Tohoku area 66, , Okayama 7, , Ibaraki 16, , Hiroshima 7, , Tochigi 10, , Yamaguchi 5, , Gunma 10, , Chugoku area 25, , Saitama 34, , Tokushima 2, , Chiba 23, , Kagawa 3, , Tokyo 23, , Ehime 5, , Kanagawa 23, , Kochi 3, , Yamanashi 4, , Shikoku Area 15, , Nagano 11, , Fukuoka 15, , Kanto Koshin Area 158, , Saga 3, , Niigata 10, , Nagasaki 4, , Toyama 5, , Kumamoto 7, , Ishikawa 4, , Ooita 4, , Fukui 3, , Miyazaki 5, , Hokuriku area 23, , Kagoshima 5, , Gifu 7, , Okinawa 3, , Shizuoka 16, , Kyusyu Okinawa Area 49, , Aichi 23, , Shimamura 446, ,461, , Mie 6, , Avail 50, , Tokai Area 53, , Birthday 51, , Shiga 5, , Chamble 9, , Kyoto 6, , Divalo ,

16 Ⅲ.CHINA TAIWAN Shimamura 1.Financial Summary and Forecast (1)Profit and loss statement (Units:Millions of yen %) Feb-2017 Feb-2018 Aug-2018 Forecast Feb-2019 Forecast Amount Comp ratio YOY Amount Comp ratio YOY Amount Comp ratio YOY Amount Comp ratio YOY Net Sales 5, , , , Cost of goods sold 3, , , , Operating Gross Profit 2, , , , SG & A expenses 1, , , , Operating Profit Ordinary Profit Net Profit Exchange rates(1nt$) 3.65yen 3.68yen 3.65yen 3.65yen (2)Profit and loss statement (Units:Millions of NT$ %) Feb-2017 Feb-2018 Aug-2018 Forecast Feb-2019 Forecast Amount Comp ratio YOY Amount Comp ratio YOY Amount Comp ratio YOY Amount Comp ratio YOY Net Sales 1, , , Cost of goods sold , , Operating Gross Profit SG & A expenses Operating Profit Ordinary Profit Net Profit

17 Ⅳ.CHINA (Shanghai)Shimamura 1.Financial Summary and Forecast (1)Profit and loss statement (Units:Millions of yen %) Dec-2016 Dec-2017 Jun-2018 Forecast Dec-2018 Forecast Amount Comp ratio YOY Amount Comp ratio YOY Amount Comp ratio YOY Amount Comp ratio YOY Net Sales , Cost of goods sold Operating Gross Profit SG & A expenses Operating Profit Ordinary Profit Net Profit Exchange rates(rmb) 17.06yen 17.60yen 16.67yen 16.67yen (2)Profit and loss statement (Units:Millions of RMB %) Dec-2016 Dec-2017 Jun-2018 Forecast Dec-2018 Forecast Sales Comp ratio YOY Sales Comp ratio YOY Sales Comp ratio YOY Sales Comp ratio YOY Net Sales Cost of goods sold Operating Gross Profit SG & A expenses Operating Profit Ordinary Profit Net Profit