Financial Results of Fiscal 2023 Q1 | |
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July 14, 2022
create restaurants holdings inc. 【TSE Prime, Stock code: 3387】
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Contents
Ⅰ .Financial Highlights
1.Financial Results Overview[IFRS]
2.Outlet Operating Conditions and Same-store Sales vs. FY2020(before Corona Disaster)
3.Financial Results Overview(By Category)
4.Topics①②
Ⅱ.Business Forecasts for Fiscal 2023
1.FY2023 Business Forecasts
Ⅲ.Appendix
1.Opening and Closing of Outlets
2.Same-store Sales Transition vs. FY2020(before Corona Disaster)
3.Financial Position
4.Sustainability Initiatives①②
5.FY2023 Business Forecasts(By Category)
6.Shareholder Reward
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Ⅰ .Financial Highlights
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1. Financial Results Overview[IFRS]
Revenue: 26.2 billion yen, Operating profit: 5.2 billion yen, Profit attributable to owners of parent: 3.4 billion yen,
Adjusted EBITDA: 9.3 billion yen
- Revenue
- Progressing almost on target (+100 million yen vs. target, 22.8% to the full-year forecast)
・The stricter COVID-19 measures, which had been in effect from January 2022, were lifted on March 21, 2022
- The same-store sales*1 in FY2/20 (before COVID-19) was 68.7% (for the three months period), generally in line with the target.
- Operating profits
- Cost of sales and personnel expenses were within the expected range due to the maintained and continued lean cost structure.
- Operating profits exceeded the target by 1.1 billion yen due to higher-than-expected contributions from the subsidy for cooperation of shorten operating hours, employment adjustment subsidy, and others.
Actual Same-store Sales vs. FY2020(before Corona Disaster) *1
March | April | May | Q1 total | |
Target | 55.6% | 73.6% | 78.5% | 68.9% |
Result | 57.0% | 71.5% | 78.4% | 68.7% |
FY2022 Q1 | FY2023 Q1 | |||
(Million yen) | Result | Ratio to | Result | Ratio to |
revenue | revenue | |||
Revenue | 17,740 | 26,243 | ||
Operating profit | 1,520 | 8.6% | 5,166 | 19.7% |
Profit before taxes | 1,461 | 8.2% | 5,130 | 19.5% |
Profit for the period | 1,068 | 6.0% | 3,873 | 14.8% |
Profit attributable to | 1,067 | 6.0% | 3,422 | 13.0% |
owners of parent | ||||
Adjusted EBITDA *2 | 5,562 | 31.4% | 9,294 | 35.4% |
FY2023 Q1 | Vs. target | |
Difference | ||
Target *3 | Ratio to | |
revenue | ||
26,122 | +121 | |
4,086 | 15.6% | +1,080 |
3,943 | 15.1% | +1,186 |
2,794 | 10.7% | +1,078 |
2,493 | 9.5% | +928 |
8,339 | 31.9% | +954 |
FY2023 | Rate of | |
progress | ||
Full-year forecasts | Ratio to | |
revenue | ||
115,000 | 22.8% | |
7,300 | 6.3% | 70.8% |
6,800 | 5.9% | 75.5% |
5,100 | 4.4% | 75.9% |
4,500 | 3.9% | 76.1% |
24,700 | 21.5% | 37.6% |
*1 | : Same-store sales are calculated based on the figures for FY2020 before COVID-19, including temporarily closed outlet. | |
*2 | : Adjusted EBITDA= Operating profit + Other operating expenses - Other operating revenues (excluding sponsorship income, employment adjustment subsidies, subsidy for shorten | |
operation hours, rent reductions and exemptions, etc.) + Depreciation and amortization + non-recurring expense items (advisory expenses related to share acquisition, etc.) | ||
*3 | : Figures for FY2023 1Q(Target) are internal targets. | |
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2. Outlet Operating Conditions and Same-store Sales vs. FY2020(before Corona Disaster)
- Many of the closed outlets reopened after the stricter COVID-19 measures were lifted on March 21. (Percentage of total number of outlets operating :
during the period of the stricter COVID-19 measures: 81%→ after the measure is lifted: 98%)
・The same-store sales vs. FY2020 (before COVID-19) has recovered steadily to the upper 70% range.
Stricter COVID-19 Measure (until March 21)
* June (Preliminary) | |||||||
78.4% | 78.1% | * As of July 10 | |||||
76.6% | |||||||
71.5% | |||||||
Same-store sales vs. FY2020(before COVID-19) *2 | |||||||
57.0% | |||||||
47.1% | |||||||
〔Unit: outlets〕 | |||||||
1,200 | |||||||
Outlets operating | 21 | 10 | 8 | 10 | |||
with regular hours | 1,000 | 194 | |||||
(consolidated) | |||||||
800 | 575 | 472 | 483 | 484 | |||
Outlets operating | |||||||
600 | |||||||
with shorter hours | 667 | ||||||
(consolidated) | |||||||
400 | |||||||
Temporarily closed | 200 | 435 | 556 | 542 | 539 | ||
outlets | 176 | ||||||
(consolidated) | 0 | ||||||
Feb. 2022 | Mar. 2022 | Apr. 2022 | May 2022 | Jun. 2022 |
Total number of outlets at | 1,037 | 1,031 | 1,038 | 1,033 | 1,033 |
end of month | |||||
* Definition of actual same-store sales vs. FY2020 (before Corona Disaster)
Calculated based on figures for outlets opened two years ago or earlier (before Corona Disaster), and include outlets that were closed during the period.
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create restaurants Holdings Inc. published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 02:20:04 UTC.