BAROQUE JAPAN LIMITED FY2023/02 First Quarter
Financial Results and Supplementary Information
July 15, 2022
Tokyo Stock Exchange Prime Market
Section: 3548
- FY2023/02 First Quarter Result Overview
- Current Situation in China
- Topics
FY2023/02 First Quarter Summary
Slide 2
- Consolidated Sales increased by 106.5% YoY, Consolidated Gross Profit and Consolidated Operating Profit also increased YoY.
- Domestic Sales increased by 109.0% YoY, while operating profit and recurring profit also increased by more than 140% YoY.
- In overseas business, the US grew significantly. China was affected by Covid-19 epidemic.
当期１Q実績/Current １Q Actual | 前年１Q実績/Previous １Q Actual | |||||
（2022/3/1～2022/5/31） | （2021/3/1～2021/5/31） | |||||
Item | 通期業績 | 実績 | 進捗率 | 前年実績 | 前年比 | 前年比増減 |
見通し | Previous | Increase/ | ||||
Actual | % | YoY | ||||
Forecast | Year Actual | Decrease | ||||
連結売上高 | ￥63.37 bil | ￥14.07 bil | 22.2％ | ￥13.20 bil | 106.5％ | ￥0.86 bil |
/Sales | ||||||
連結売上総利益/Gross | ￥36.81 bil | ￥8.61bil | 23.4% | ￥7.91 bil | 108.9％ | ￥0.70 bil |
Profit | ||||||
連結営業利益 | ￥3.24 bil | ￥1.09 bil | 33.6％ | ￥0.80 bil | 135.9％ | ￥0.28 bil |
/Operating Profit | ||||||
連結経常利益 | ||||||
￥3.08 bil | ￥0.83 bil | 27.1％ | ￥0.88 bil | 94.1％ | ￥- 0.05 bil | |
/Recurring Profit | ||||||
親会社株主に帰属する | ||||||
当期純利益 | ￥1.77 bil | ￥0.39 bil | 22.4％ | ￥0.40 bil | 99.0％ | ￥- 0.00 bil |
/Net Profit | ||||||
COPYRIGHT © 2022 BAROQUE JAPAN LIMITED. ALL RIGHTS RESERVED.
Domestic Business / FY2023/02 First Quarter Summary
Japan Business Overview
Slide 3
- Shop sales increased by 114.5% YoY as restrictions on activities were eased and people flow recovered. The domestic business recorded a significant YoY increase in profit as a result of fine control of conversions and expenses.
- Domestic EC Sales grew by 18.7% YoY . In-house EC sales were 75.5％ YoY, due to a decrease in the inflow of light users following the transition to a new EC system, 3rd-party EC sales grew to 113.8 ％YoY . SEO recovery and other measures are being implemented in for the in-house EC.
- The Consolidated SG&A to sales ratio decreased by -1.8pts.
FY2023/02 First Quarter | FY2022/02 First Quarter | |||||
（百万円/JPY mil） | ||||||
実績 | 対売上 | 前年同期比 | 前期実績 | 対売上 | ||
Actual | % of Sales | YoY | Actual | % of Sales | ||
売上高/Sales | 12,536 | 109.0% | |
（店舗売上/Store Sales） | 9,316 | 74.3% | 114.5% |
（EC売上/EC Sales） | 2,341 | 18.7% | 92.2% |
売上総利益/Gross Profit | 8,040 | 64.1% | 108.7% |
販管費及び一般管理費/SG&A | 7,179 | 57.3% | 105.6% |
営業利益/Operating Profit | 860 | 6.9% | 143.2% |
経常利益/Recurring Profit | 889 | 7.1% | 145.6% |
11,505
8,137 70.7%
2,541 22.1%
7,396 64.3%
6,795 59.1%
- 5.2%
- 5.3%
COPYRIGHT © 2022 BAROQUE JAPAN LIMITED. ALL RIGHTS RESERVED.
Overseas Business / FY2023/02 First Quarter Summary
Overseas Business Overview
Slide 4
U.S. Business | China JV | |
- Expanding business in U.S with a business model centred on EC and wholesale (to luxury department stores and select stores). Wealthy consumers' demand for luxury made-in Japan denim is strong.
- The actual store is 1 store in NY. First quarter EC ratio (including EC specialized wholesalers): 26.4%
- Business performance in the U.S. for the FY2023/02 first quarter continued the strong growth of the previous year. Sales were 164.1% YoY.
- The business has expanded to a scale significantly greater than that of the pre-Covid- 19 epidemic period. Wholesale orders also remain strong, with sales increasing by approximately 230% and operating profit by approximately 190% compared to the same period in FY 2019.
- The spread of Covid-19 epidemic in China expanded. Sales from China JV decreased by
80.9% YoY in the first quarter due to a decline in the number of customers in an environment of cooling personal consumption and stricter restrictions on activities, including a self-restraint on returning home for Chinese New Year. - In a difficult personal consumption environment, we focused on expanding sales on the new EC channels such as TikTok and Xiaohongshu (RED), and EC sales in China increased by 135.0% YoY (EC ratio: 20.9%).
（百万円/JPY mil） | FY2023/02 | FY2022/02 | YoY |
Actual | Actual | ||
中国合弁事業に関する売上 | |||
Sales from China JV | |||
卸売/Wholesale | 1,267 | 1,534 | 82.6% |
ロイヤリティ/Royalty | 69 | 118 | 58.8% |
売上合計/Sales Total | 1,337 | 1,653 | 80.9% |
COPYRIGHT © 2022 BAROQUE JAPAN LIMITED. ALL RIGHTS RESERVED.
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Baroque Japan Ltd. published this content on 15 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2022 06:33:03 UTC.
