FY rd Quarter Presentation Material

Transcription

1 FY rd Quarter Presentation Material January 8, 2016 AEON Co., Ltd.

2 FY rd Quarter: Financial Results Operating revenue for the first 9 months of the fiscal year was at a record high, with operating income in excess of 80 billion yen - a 60% increase Consolidated Statements of Income (Summary) (Unit: in bil. yen, %) FY 2014 (9months) FY 2015 (9months) YoY Change Operating Revenue 5, , % Operating Income Ordinary Income Net Income

3 FY rd Quarter: Financial Results Consolidated Balance Sheet (Summary) (Unit: in bil. yen) ASSETS Major items only Cash & Time deposits Notes & accounts receivable - trade (incl. installment a/c rcvble) Merchandise Inventories Financial loans & loans/bills discounted of banking business 2015/2 2016/11 Change , , , , LIABILITIES & NET ASSETS Major items only Notes & accounts payable - trade Interest-bearing debt (excl. Financial Service business) Deposits of banking business 2015/2 2016/11 Change ( ) ( ) (+290.4) Total liabilities Fixed assets 2, , Shareholderʼs equity Investments & other assets Total net assets Total assets 7, , Total liabilities & net assets

4 FY rd Quarter: Business Segment Information (Unit:in bil. yen, %) Operating Revenue FY Q (9months) YoY Change (%) Operating Income FY Q (9months) YoY Change (in bil. Yen) GMS SM(Supermarket) DS(Discount Store) Small-sized Stores Drugstore & Pharmacy Financial Services SC Development Services & Specialty Store International of which, ASEAN Business ( ) of which, China Business ( ) Consolidated Total In the regional breakdown of International Business, simple sums are used as the reference values. 4

5 SM DS Business Daiei's steady improvement and the success of community-based initiatives carried out by each individual SM company have led to significant increases in profits. (Unit: in bil. yen, %) Operating Revenue FY Q (9months) YoY Change (%) Operating Income FY Q (9months) YoY Change (in bil. yen) Daiei, Inc.(non-consolidated)(*) Maxvalu Hokkaido Co., Ltd Maxvalu Tohoku Co., Ltd Maxvalu Tokai Co., Ltd Maxvalu Chubu Co., Ltd Maxvalu Nishinihon Co., Ltd Maxvalu Kyushu Co., Ltd Ref)U.S.M.H Inc SM DS Business Total (**) 2, *The figures in FY2015 include the performance of Gourmetcity (Kanto & Kinki) due to merger of these two companies into Daiei as of March Accordingly, Daiei figures in FY2014 are adjusted to be indicative of YoY at the same level. **SM DS Business Total figures are based on management approach. 5

6 Drugstore & Pharmacy Business With expansion of drugstores offering prescription drugs, operating income increased steadily. Drugstore & Pharmacy Business Welcia Holdings Inc. Operating Revenue <Trends in the number of stores with prescription drugs> 874 Stores YoY Change +272 % Operating Income YoY Change bil. yen FY2014 3Q 4Q FY2015 1Q 2Q 3Q The # of stores above are simple additions of Q figures for Welcia Hldgs & CFS Corp. 6

7 Financial Services Business Expanding the scope of services in both the credit card and the cashing business AEON Financial Services Co., Ltd. Trends in the No. of Valid Credit Cardholders in and outside Japan Trends in Cashing Balances Unit: (ten thousand cardholders) 37 million cardholders + Unit: (hundred million yen) 400 billion yen FY 2011 FY 2012 FY 2013 FY 2014 FY FY 2011 FY 2012 FY 2013 FY 2014 FY Q 3Q 3Q 3Q 3Q 3Q 3Q 3Q 3Q 3Q Note:Figures for FY 2013 and earlier are figures prior to business integration. 7

8 Reform Progress <Daiei Inc. & AEON Retail Co., Ltd.> 8

9 Daiei Inc. - Trends in food sales Food sales have seen a steady improvement thanks to the promotion of reforms in formats and products. Reform Progress Product Reforms Introduction of differentiated MD & expansion of number of stores with the new MD Format Reforms Acceleration of urban-style SM revamps Refurbished 15 stores FSS (Food Style Store) development 2 store renewals. Total of 3 store developments Structural Reforms Refocusing its geographic taget Completed transfer of stores in Hokkaido, Nagoya and Kyushu Sales Trends - Fresh Produce & Deli YoY Trends (on a quarterly basis) FY rd Quarter (3months) +1.5% 2 nd Quarter (3months) +2.2% 1 st Quarter (3months) +3.4% Tokyo Metropolitan Area & Kyoto/Osaka/Kobe Area scheduled to be transferred on March 1 FY th Quarter (3months) -2.6% 9

10 Daiei Inc. New Business Model Urban-style SM (Supermarket) An increase in the number of Urban-style SM developed, to 15 stores. Average sales after the format change are strong, with +10% YoY growth. Satsuma Himeushi Beef Urban-style SM Renewal Effects Sales YoY(%) Period since refurbishment Pizza +10 % # of Stores Developed 15 Stores YoY sales for Urban SM have been calculated for the 13 stores where comparisons were possible 10

11 AEON Retail Co., Ltd. Results In addition to a concentration of investment, the third quarter saw the additional promotions necessitated by the unseasonable weather led to a temporary increase in SG&A expenses. Operating Revenue YoY Change (%) 3Q 9months +2.0 % 3Q 3months +5.0 % Operating Income YoY Change (in bil.yen) 3Q 9months 3Q 3months Factors behind the Results Impact of unseasonable weather Additional expense in sales promotions Increase in expenses due to new store & refurbished store openings Note:The figures above are figures of Aeon Co., Ltd. 11

12 AEON Retail Co., Ltd. Improvements in Gross Margins Continuous GMS reforms leads to improved trend in gross margins FY2015 1H FY2015 2H Trend in Gross Margin - by Month (Gross Margin YoY (%)) Gross Margin Ratio (FY2015) Gross Margin Ratio (FY2014) 0.8pts. 25% Mar Apr May Jun Jul Aug Sep Oct Nov Dec 12

13 AEON Retail Co., Ltd. AEON Style Stores Improved sales trends as a result of the refurbishment to AEON Style Stores AEON Style Stores YoY Sales Trends FY2015 3Q (9 Month Period): 1 st Half (6months) Stores shifting to AEON Style (8 stores) 3 rd Quarter (3months) Stores shifting to AEON Style (3 stores*) Prior to refurbishment* (6 months) 3 rd Quarter (3 months) -3.1 % +1.2 % -3.2 % +7.6 % *In light of the comparison period available, the refurbished stores in November have been excluded from calculations. 13

14 AEON Ontakesan Eki-mae (Tokyo) Opened December 11 Sales Trends YoY Change My Select Deli Bar Chinese Medicine & Dispensing Pharmacies +15% Dec 11, 2015~Jan 3, 2016 Tasmania Beef Organic Products Natural & Organic Beauty 14

15 AEON Shijonawate (Osaka) Opened Oct 23, 2015 In comparison to Projected Sales: +10 Oct 23, 2015 Jan 3,

16 Financial Outlook 16

17 FY 2015 Financial Outlook Accelerating reforms to achieve our announced full-year earnings targets (Unit: bil. yen, %) FY2015 Forecasts YoY Change Operating Revenue 8, % Operating Income Ordinary Income Net Income

18 Forecast Statement Disclaimer The purpose of this presentation is to provide information to investors. This presentation does not constitute an offer to sell, or a solicitation of an offer to subscribe for, or purchase shares in AEON or its group companies. This presentation (including the earnings plans herein) was created using reliable information available at the time of preparation. This presentation contains risks and uncertainties. AEON and its group companies are not responsible for the accuracy and completeness of the information contained herein. Please use the information in this presentation at your own discretion and based on your own judgment. AEON and its group companies are not responsible for losses that arise from any decisions made from fully relying on the forecasts, goals, and other targets in this presentation. AEON CO., LTD. maintains all copyrights to this presentation. No part of this document may be reproduced or transmitted in any form or by any means without the express permission of the copyright holder. 18