BAROQUE JAPAN LIMITED Medium-Term Management Plan
"Re-orientation Plan"
Phase1：Preparation for the Leap Forward
October 15, 2021
Table of Contents
Slide 1
Ⅰ．The Previous Med-term Plan in Retrospect:
Motivations for the Next Med-Term Plan
１．Progress Across Planned Values
２．Status of Prioritized Measures
Ⅱ．Baroque Japan's Vision
１．Our Guiding Principles
（１）Baroque's Corporate Philosophy
（２）Baroque's Strengths
２．Baroque Japan's 10-Year Vision
３．Positioning of the Next Med-Term Plan
Ⅲ．Basic Policies of the Next Medium- Term Management Plan:
Strategies for Actualizing Our Vision
１．Market Changes and Challenges Facing Our Company
２．List of Key Strategies for the Next Medium- Term Management Plan
３．Key Strategies of the Next Medium-Term Management Plan
3-1．Narrowing Down and Strengthening Domestic Apparel Business
3-2．Steady Growth of China Apparel Business
3-3．New Business Creation
3-4．Sustainability Initiatives
3-5．Development of Infrastructure to Support Business
Ⅳ．KGIs for the Next Medium-Term Management Plan
１．Management Indicators and Goals
２. Dividend Policy
COPYRIGHT © 2021 BAROQUE JAPAN LIMITED. ALL RIGHTS RESERVED.
Slide 2
COPYRIGHT © 2021 BAROQUE JAPAN LIMITED. ALL RIGHTS RESERVED.
I. The Previous Mid-term Plan in Retrospect: Motivations for the Current Mid-Term Plan
１．Progress Across Planned Values
Slide 3
■ Under the current medium-term management plan, two fiscal periods have passed. Due to the influence of the Coronavirus epidemic, we have deviated from our planned target values resulting in a need to reconstruct and replan.
FY 2020/02 | FY 2021/02 | ||||||||
Unit：1 Mil. | Actual | Against | Actual | Against | |||||
Sales | Sales | ||||||||
JPY | |||||||||
Target | Target | ||||||||
Total Sales | 65,880 | 100.0％ | 52,547 | 100.0％ | |||||
Operating | 4,604 | 7.0％ | 1,550 | 2.6％ | |||||
Income | |||||||||
100,000 | Prev. Mid-Term | 10,000 | |||||||
Actual Total Sales | Actual Operating Income | Plan's Period | 9,000 | ||||||
Total | 80,000 | 69,493 | 71,034 | 8,000 | |||||
68,770 | 67,952 | 65,880 | OP | ||||||
7,000 | |||||||||
Sales | 60,000 | 52,547 | 6,000 | Unit | |||||
8.7% | |||||||||
6.7% | 7.0% | 5,000 | ： | ||||||
Unit: | 7.7% | 1 | |||||||
40,000 | mil | ||||||||
1 | 4,000 . | ||||||||
JPY | |||||||||
mil | 3,000 | ||||||||
. | |||||||||
JPY | 20,000 | 3.8% | 2,000 | ||||||
2.6% | 1,000 | ||||||||
0 | 0 | ||||||||
FY2016/01 | FY2017/01 | FY2018/01 | FY2019/02 | FY2020/02 | FY2021/02 | ||||
ROE | 7.2% | 16.0% | 14.5% | 1.9% |
COPYRIGHT © 2021 BAROQUE JAPAN LIMITED. ALL RIGHTS RESERVED.
I. The Previous Mid-term Plan in Retrospect: Motivations for the Current Mid-Term Plan | |
２．Status of Prioritized Measures (1 of 2) | Slide 4 |
■ In terms of our priority measures, we are in the 2nd year of adaptation and progress is in the middle of the road.
Prioritized Measures | Current Status | Achievem | ||
ent Lvl. | ||||
●Although we are pursuing aggressive expansion of wholesaling in various | ||||
１．Aggressive Global Expansion | areas around the world to achieve the first stage of our vision, the Covid-19 | |||
pandemic has slowed down the speed of progress | ||||
２．Sustainable Expansion of Chinese | ●Steady growth, with 46 stores added in 2 years - an average annual | |||
Business Operations | increase of 23 stores | |||
３．Increase Amount of Foreign Staff within | ●Proactively conducting local information sessions, interviews, and | |||
recruitment overseas; currently 5% (Due to the Covid-19 pandemic these | ||||
Head Office Personnel to 10% | ||||
were not implemented in FY2020) | ||||
４．Accumulation, Analysis, and Utilization | ●We are currently implementing several measures such as store/EC inventory | |||
standardization, new methods of processing in-store orders, digital | ||||
of Data through New Retail Strategies | ||||
marketing, etc. | ||||
５．New Business/New Business DevOps | ●Currently examining new businesses and new business structures and | |||
through Open Innovation | considering potential commercialization opportunities | |||
COPYRIGHT © 2021 BAROQUE JAPAN LIMITED. ALL RIGHTS RESERVED.
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Baroque Japan Ltd. published this content on 15 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2021 06:11:09 UTC.
