Fact Book. Year ended August 31, 2010 BIC CAMERA INC.

Transcription

1 Fact Book Year ended August 31, 21 BIC CAMERA INC.

2 -Year ended August 31, 21- Sales and Earnings(consolidated) Net sales Operating income / ratio Operating income Operating income ratio '6.8 '7.8 '8.8 '9.8 '1.8 '6.8 '7.8 '8.8 '9.8 '1.8. Ordinary income / ratio Net income / ratio Ordinary income Ordinary income ratio Net income Net income ratio '6.8 '7.8 '8.8 '9.8 ' '6.8 '7.8 '8.8 '9.8 ' Net sales 493, ,751 63,74 589,177 68,274 Operating income 14,948 19,19 16,346 8,854 14,764 Operating income ratio Ordinary income 13,639 18,762 16,612 9,367 11,759 Ordinary income ratio Net income 6,22 7,271 (1,662) 5,94 5,965 Net income ratio (.3)

3 -Year ended August 31, 21- Cost of sales and SG&A expenses (consolidated) Cost of sales / ratio Gross profit / ratio Cost of sales Cost of sales ratio Gross profit Gross profit ratio '6.8 '7.8 '8.8 '9.8 '1.8 '6.8 '7.8 '8.8 '9.8 '1.8 SG&A expenses / ratio SG&A expenses SG&A expenses ratio '6.8 '7.8 '8.8 '9.8 ' Cost of sales 376, , ,63 446, ,862 Cost of sales ratio Gross profit 117, , , ,299 15,412 Gross profit ratio SG&A expenses 12, , ,79 133, ,648 SG&A expenses ratio

4 -Year ended August 31, 21- Total asset, Liabilities and Net assets (consolidated) Total assets/net assets/equity ratio Total Interest-bearing debt/debt-equity ratio Total assets Net assets Equity ratio Total interest-bearing debt Debt equity ratio (times) (2.5) '6.8 '7.8 '8.8 '9.8 '1.8 (1) '6.8 '7.8 '8.8 '9.8 '1.8 (5.) EPS/BPS ROE/ROA EPS BPS (JPY) 65,265 6, 55,31 36,124 4, 32,281 34,496 2, 9,612 9,616 3,4 3,57-1,72-2, '6.8 '7.8 '8.8 '9.8 ' ROE ROA '6.8 '7.8 '8.8 '9.8 ' Total assets 219, , ,183 23, ,757 Net assets 41,818 49,353 54,1 57,813 62,45 Equity ratio Total interest-bearing debt 1,723 97,236 94,29 9,139 74,15 Short-term interest bearing debt 41,432 68,17 54,753 62,165 43,834 Long-term interest bearing debt 59,29 29,65 39,455 27,973 3,315 Debt equity ratio*1(times) EPS(JPY) 9, , (1,72.93) 3,4.3 3,57.39 BPS(JPY) 55, , , , ,124.1 ROE* (3.2) ROA* Note:The Company implemented a 2-for-1 stock split on September 1, 27. *1 Debt equity ratio=interest-bearing debt / Net assets *2 ROE=Net income / Average net assets *3 ROA=Recurring profit / Average total assets - 3 -

5 -Year ended August 31, 21- Net sales per sales floor space / employee (consolidated) Sales floor space / Sales per 1 m2 Number of employees/ Sales per employee Sales floor space Sales per 1 m2 Number of employees Sales per employee (1,m2) (employees) 1, 124 8, 6, 3,934 4, , ,197 5,588 5, (2) 2, (5) '6.8 '7.8 '8.8 '9.8 '1.8 (4) '6.8 '7.8 '8.8 '9.8 '1.8 (1) Sales floor space*1( m2 ) 164, ,12 211, ,63 224,699 Sales per 1 m2 *2(JPY thousand) 2,979 3,45 2,96 2,635 2,687 Number of employees*1 3,934 4,647 5,197 5,588 5,78 Sales per employee*2(jpy thousand) 124, ,32 12,721 14,718 14,463 *1 based on the average number during the period *2 based on the sales of retail good - 4 -

6 -Year ended August 31, 21- Sales by Product (consolidated) Sales by product line Audio visual products Home appliances Information products business '6.8 '7.8 '8.8 '9.8 '1.8 1% 8% 6% 4% 2% % Composition ratio by product line Audio visual products Home appliances Information products business '6.8 '7.8 '8.8 '9.8 ' Audio visual products 119,9 125, ,49 181, ,365 Cameras 11,55 12,254 12,845 42,921 43,273 TVs 37,589 41,776 51,19 59,928 75,67 Video players, video cameras 21,485 19,965 24,812 28,537 3,565 Audio 25,332 22,644 24,177 23,951 22,469 AV Software 7,5 6,613 7,29 1,483 9,22 17,43 22,229 22,94 15,723 15,247 Home appliances 65,659 71,169 8,983 84,523 9,36 Refrigerators 1,62 11,235 12,557 14,571 14,826 Washing machines 9,72 9,921 1,41 11,271 11,164 Kitchen appliances 8,343 9,296 1,313 11,13 11,712 Seasonal home electronics 13,777 14,5 17,582 17,563 19,375 Personal care electronics 11,299 12,466 13,125 15,43 17,58 12,563 13,748 16,994 14,942 15,899 Information communications equipment products 214, , ,574 21,38 199,134 PC systems 64,13 64,883 71,7 55,41 59,613 PC peripherals 56,1 62,212 65,127 34,376 31,2 PC software 18,154 25,634 27,187 18,911 16,184 Cellular phones 29,49 4,981 54,599 54,791 56,749 46,963 52,534 56,651 37,89 35,565 products 89,589 12, , , ,261 Games 27,245 43,94 47,684 38,58 38,58 Watches 15,336 15,718 16,92 14,588 14,282 Books 1,619 1,734 1,691 1,583 1,431 Glasses and contact lenses 4,428 4,673 4,855 4,875 4,668 4,958 54,811 58,455 58,68 59,298 Retail goods sales 489, , , ,165 63,798 business 4,511 1,974 3,352 4,11 4,476 Total 493, ,751 63,74 589,177 68,274 1 Above amount does not include consumption taxes. 2 We have changed partly "products in our product lines" in 1Q financial statements for FY ending August 29, Digital cameras and related accessories were shifted from "Information communications equipment products" to "Audio visual products" - 5 -

7 -Year ended August 31, 21- Balance Sheets(consolidated) (Assets) Cash and deposits Notes and accounts receivable-trade Lease investment assets Merchandise and finished goods Work in process Raw materials and supplies Program right Deferred tax assets Accounts receivable-other Allowance for doubtful accounts Total current assets ,756 32,437 24,22 24,41 24,6 14,856 17,577 21,482 18,35 2, ,34 36,951 42,743 36,914 35, ,339 5,57 6,216 6,31 6,67 6,565 7,865 1,26 14,554 14,419 1,919 3,21 3,235 3,768 2,86 (16) (34) (33) (41) (61) 11,575 13,597 18,573 14,517 13,289 Buildings and structures 23,35 27,984 3,474 31,753 32,829 Accumulated depreciation (1,213) (1,863) (11,97) (13,378) (15,9) Buildings and structures, net 13,137 17,12 18,54 18,375 17,82 Machinery, equipment and vehicles Accumulated depreciation (229) (248) (21) (232) (261) Machinery, equipment and vehicles, net Land 42,219 42,284 4,913 4,941 39,447 Lease assets ,79 Accumulated depreciation (5) (21) Lease assets, net Construction in progress ,28 5,472 5,946 6,337 6,79 Accumulated depreciation (3,124) (3,286) (3,566) (4,185) (4,885), net 1,94 2,185 2,38 2,152 1,823 Total property, plant and equipment 57,389 62,578 62,54 62,23 6,172 Leasehold right Total intangible assets Investment securities Long-term loans receivable Deferred tax assets Guarantee deposits Allowance for doubtful accounts Total investments and other assets Total noncurrent assets Deferred assets Total assets 11,797 11,87-11,87 11,87 2,14 2,368 14,329 2,261 2,936 13,92 14,176 14,329 14,69 14,744 16,38 21,18 2,617 19,17 12,575 4,627 1,371 1,371 1,32 1, ,71 2,1 3,682 24,365 27,552 28,479 26,719 25,835 1,685 1,571 1,89 1,42 62 (631) (445) (1,946) (552) (352) 46,355 51,227 53,33 5,9 43, , , , , , , , ,183 23, ,

8 -Year ended August 31, 21- (Liabilities) Accounts payable-trade Short-term loans payable Current portion of long-term loans payable Current portion of bonds Lease obligations Income taxes payable Provision for bonuses Provision for point card certificates provision Total current liabilities Bonds payable Long-term loans payable Lease obligations Deferred tax liabilities Provision for retirement benefits Provision for directors' retirement benefits Total noncurrent liabilities Total liabilities ,35 45,69 45,844 39,693 41,189 14,494 26,519 3,592 43,824 27,878 24,438 28,155 23,441 17,621 14,826 2,5 13, , ,157 5,352 5,684 2,859 4,49 1,476 1,714 1,851 1,971 1,957 11,353 11,858 12,955 13,437 14, ,83 12,25 13,279 13,475 14,83 19, , , ,717 12,589 14,815 1, ,665 44,475 27,445 38,555 27,793 26, ,15 3,656 4,3 4,99 5, , ,355 1,938 1,972 64,786 34,247 45,724 35,417 38,57 174,64 178,439 18,94 169, ,96 (Net assets) Capital stock Capital surplus Retained earnings Treasury stock Total shareholders' equity Valuation and translation adjustments Minority interests Total net assets Total liabilities and net assets 12,548 12,548 18,42 18,42 18,42 12,122 12,122 17,976 17,976 19,492 15,492 22,13 18,934 22,353 26, (184) 4,163 46,684 55,313 58,732 64,353 1,655 2,669 (1,212) (919) (2,38) 2,763 3,786 3,988 3, ,582 53,14 58,89 61,81 62,66 219, , ,183 23, ,

9 -Year ended August 31, 21- Statements of Income and Expense (consolidated) Net sales Cost of sales Gross profit Point card certificates Provision for point card certificates Salaries and allowances Provision for bonuses Retirement benefit expenses Provision for directors' retirement benefits Rents Depreciation Amortization of goodwill Provision of allowance for doubtful accounts Total selling, general and administrative expenses Operating income Interest income Dividends income Amortization of negative goodwill Equity in earnings of affiliates Rent income Commission fee Advertisement fee Co-sponsor fee Total non-operating income Interest expenses Equity in losses of affiliates Cost of lease revenue Total non-operating expenses Ordinary income , ,751 63,74 589,177 68, , , ,63 446, , , , , ,299 15,412 35,552 36,14 39,742 42,526 44,3 1, , ,56 16,332 19,154 19,429 19,644 1,481 1,836 1,842 1,963 1, ,56 1, ,61 15,191 17,415 18,454 18,88 1,518 1,738 2,434 2,732 2, ,8 41,56 48,757 46,18 45,46 12, , ,79 133, ,648 14,948 19,19 16,346 8,854 14, ,193 2,865 3,263 3,365 3,596 2,469 2,275 2,18 1,553 1, , ,294 3,52 3,293 2,997 2,852 6,61 13,639 18,762 16,612 9,367 11,

10 -Year ended August 31, 21- Gain on sales of noncurrent assets Gain on sales of investment securities Reversal of allowance for doubtful accounts Gain on change in equity Gain on revision of retirement benefit plan Total extraordinary income Loss on sales and retirement of noncurrent assets Loss on sales of investment securities Loss on valuation of investment securities Impairment loss Loss on change in accounting method for liquidation Total extraordinary losses Income before income taxes and minority interests Income taxes-current Income taxes-deferred Total income taxes Minority interests in income Net income ,121 3, , , , , ,392 3,829 9, ,445 12,79 15,19 7,758 8,632 9,784 7,158 8,693 1,166 3,179 4,63 (791) (1,486) (53) 225 (895) 6,367 7,27 9,635 3,44 3,78 (22) (54) 214 (133) (111) 6,22 7,271 (1,662) 5,94 5,

11 -Year ended August 31, 21- Statement of Cash Flows (consolidated) Net cash provided by (used in) operating activities Income before income taxes and minority interests Depreciation and amortization Impairment loss Amortization of goodwill Increase (decrease) in allowance for doubtful accounts Increase (decrease) in provision for bonuses Increase (decrease) in provision for point card certificates Increase (decrease) in provision for retirement benefits Increase (decrease) in provision for directors' retirement benefits Increase (decrease) in other provision Interest and dividends income Interest expenses Foreign exchange losses (gains) Equity in (earnings) losses of affiliates Loss (gain) on sales and retirement of noncurrent assets Loss (gain) on sales and valuation of investment securities Decrease (increase) in notes and accounts receivable-trade Decrease (increase) in inventories Increase (decrease) in notes and accounts payable-trade, net Subtotal Interest and dividends income received Interest expenses paid Income taxes paid Net cash provided by (used in) operating activities Net cash provided by (used in) investing activities Decrease (increase) in time deposits Decrease (increase) in property, plant and equipment Decrease (increase) in intangible assets Decrease (increase) in investment securities Decrease (increase) in loans receivable Decrease (increase) in guarantee deposits Purchase of investments in consolidated subsidiaries Purchase of stocks of affiliates resulting in change of scope of equity method, net Net cash provided by (used in) investing activities ,79 15,19 7,758 8,632 9,784 1,827 2,35 2,787 3,11 3,84 1, , , , (131) (13) 1, , (565) (12) (8) (88) (12) - 18 (192) (165) (462) (175) (351) 2,469 2,275 2,18 1,553 1,123 (23) (126) 4,184 (11) 241 (42) (237) 3,42 3, (941) (2,312) (3,255) 4,27 (1,747) (1,565) (5,151) (6,97) 6,81 1, ,222 (719) (6,56) 1,495 (693) (779) 882 (2,871) (187) 17,751 19,15 12,97 16,117 22, (2,532) (2,314) (2,261) (1,555) (1,123) (6,874) (7,613) (9,79) (6,44) (2,632) 8,544 9,422 1,44 8,51 19,546 (812) (286) 781 (83) 17 (2,916) (4,984) (4,941) (2,13) (1,194) (635) (654) (1,242) (462) (364) (8,2) (6,255) (9,865) 43 1,815 (1,617) (143) (1) 444 (2,658) (938) 131 1, (45) (45) - 1,132 (54) (1,43) 39 (194) (12,64) (15,298) (17,147) (2,31)

12 -Year ended August 31, 21- Net cash provided by (used in) financing activities Net increase (decrease) in short-term loans payable Net increase (decrease) in long-term loans payable Proceeds from issuance of bonds Redemption of bonds Proceeds from issuance of shares Cash dividends paid Cash dividends paid to minority shareholders Purchase of treasury stock Purchase of treasury stock of subsidiaries in consolidation Repayments of lease obligations, net Net cash provided by (used in) financing activities Effect of exchange rate change on cash and cash equivalents Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Increase (decrease) in cash and cash equivalents from merger Increase (decrease) in cash and cash equivalents from newly consolidated subsidiaries Decrease in cash and cash equivalents resulting from exclusion of subsidiaries from consolidation Cash and cash equivalents at end of period (2,843) 12,25 4,72 13,231 (15,946) (1,947) (13,312) 6,395 (16,581) (3,938) 3, ,994 (2,54) (2,5) (13,495) (72) (1,155) 22,858-11, (158) (75) (1,126) (1,681) (1,669) - - (88) (32) (1,1) (166) (246) (1,254) (54) (166) (56) (3) 9,56 (3,93) 8,5 (6,84) (2,44) 23 (4) (36) () () 5,524 (9,783) (7,773) ,182 39,515 29,91 22,455 22, (244) 39,515 29,91 22,455 22,57 22,

13 -Year ended August 31, 21- Sales and Earnings (non-consolidated) Net sales Operating income / ratio Operating income Operating income ratio (2.) '6.8 '7.8 '8.8 '9.8 '1.8 '6.8 '7.8 '8.8 '9.8 '1.8 (4.) Ordinary income / ratio Net income / ratio Ordinary income Ordinary income ratio Net income Net income ratio '6.8 '7.8 '8.8 '9.8 ' '6.8 '7.8 '8.8 '9.8 ' Net sales 428, ,49 489, , ,766 Operating income 13,122 15,48 15,651 8,296 13,25 Operating income ratio Ordinary income 12,722 15,348 16,311 9,39 14,762 Ordinary income ratio Net income 6,735 6,542 (3,543) 6,195 4,85 Net income ratio (.7)

14 -Year ended August 31, 21- Cost of Sales and SG&A expenses (non-consolidated) Cost of sales / ratio Gross profit / ratio Cost of sales Cost of sales ratio Gross profit Gross profit ratio '6.8 '7.8 '8.8 '9.8 '1.8 '6.8 '7.8 '8.8 '9.8 '1.8 (1) SG&A expenses / ratio Breakdown of SG&A expenses SG&A expenses SG&A expenses ratio Salaries Points expense Advertisement & promotion Rents '6.8 '7.8 '8.8 '9.8 '1.8 (1) '6.8 '7.8 '8.8 '9.8 ' Cost of sales 324, , , , ,27 Cost of sales ratio Gross profit 13,476 18, ,72 116,26 125,558 Gross profit ratio SG&A expenses Amount 9,353 92,972 14,69 17, ,38 Ratio Salaries Amount 11,686 11,95 13,721 13,971 15,321 (ratio against sales) Ratio Advertisement & promotion Amount 9,716 8,998 9,41 8,116 8,232 (ratio against sales) Ratio Points expense* Amount 34,959 33,27 36,336 39,217 41,29 (ratio against sales) Ratio Rents Amount 11,32 12,499 13,72 14,747 15,41 (ratio against sales) Ratio * Points expense = Point card certificates + Provision for point card certificates

15 -Year ended August 31, 21- Statements of Income and Expense (non-consolidated) Net sales Cost of sales Gross profit SG&A expenses Operating income Non-operating income Non-operating expenses Ordinary income Extraordinary income Extraordinary loss Income before income taxes and minority interests Net income , ,49 489, , , , , , , ,27 13,476 18, ,72 116,26 125,558 9,353 92,972 14,69 17, ,38 13,122 15,48 15,651 8,296 13,25 3,2 2,682 3,32 3,563 3,624 3,42 2,813 2,641 2,468 2,112 12,722 15,348 16,311 9,39 14, ,859 11, ,171 12,336 12,577 5,22 8,863 7,315 6,735 6,542 (3,543) 6,195 4,85 Number of stores,sales floor space,number of employees (non-consolidated) Number of stores Sales floor space Number of employees , , ,81 181,94 19,475 3,382 3,673 4,172 4,424 4,

16 -Year ended August 31, 21- Corporate Data Corporate outline (As of August 31, 21) Company name BIC CAMERA INC. Headquarter (Takadanobaba) , , Takada, Toshima-ward, Tokyo (Ikebukuro) 17-13, 5th floor, 1-1-1, Higashi-Ikebukuro, Toshima-ward, Tokyo Established November 21, 198 Representative director and president Hiroyuki Miyajima Paid-in capital JPY 18,423 million Listing Tokyo Stock Exchange First Section Stock transfer agent Mizuho Trust and Banking Shareholder Date Major shareholders Number of shares held (shares) (As of August 31, 21) Percentage of shareholding Ryuji Arai 818, % Ra Holdings Co. Ltd. 196, % Tokyo Broadcasting System, Incorporated 61, % Fuji Soft Incorporated 26, % The Master Trust Bank of Japan,Ltd.(Trust Account) 13,692.79% Japan Trustee Services Bank Ltd.(Trust Account) 8,111.47% UBS Securities Japan Limited 7,182.42% * Percentage of shareholding is calculated after having subtracted treasury stock. Composition of shareholders (As of August 31, 21) Number of shareholders Number of shares held Percentage of shareholding Financail institutions 31 59, % Securities companies 17 2,367.14% Government and local public organization 1 7.% corporations , % Non-Japanese companies 16 26, % Individual and other 16,32 1,275, % Treasury stock 1 5,966.35% Total 17,172 1,723,526 1.%