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Presentation materials for financial results2653AEON KYUSHU CO.,LTD.Retail

Earnings Presentation Materials for the Second Quarter (Interim Period) of the Fiscal Year Ending February 2027

During the interim period, operating revenue reached a record high on new store openings and M&A, while operating profit and ordinary profit declined due to lost opportunities and disaster losses from the Kumamoto Earthquake, the reversal of the previous year's high market prices, and higher expenses from upfront investments. The full-year forecast remains unchanged, and the company aims to achieve it through the effects of its initiatives and cost reductions.

Worth reading
67In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
17.45
Hundreds of millions of yen
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsSecond quarter (interim period) of the fiscal year ending February 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥268,715 million+103.9%
Operating profit¥2,711 million+67.3%
Ordinary income¥2,385 million+46.1%
Net income¥470 million+13.1%
Selling, general and administrative expenses¥78,899 million
Results for the three months of the current quarter
Operating revenue
¥146,608 million+104.8%
Net Sales
¥139,520 million+104.7%
Gross operating profit
¥42,945 million+103.4%
Selling, general and administrative expenses
¥40,899 million+107.5%
Operating profit
¥2,055 million+59.2%
Ordinary income
¥1,896 million+41.2%
Interim net income
¥-7 million
Full-year earnings forecast
Consolidated
Operating revenue
¥600,000 million
Operating profit
¥10,800 million
Ordinary income
¥10,200 million
Net income for the current fiscal year
¥6,500 million
Net income per share
¥190.49
Standalone
Operating revenue
¥571,000 million
Operating profit
¥12,500 million
Ordinary income
¥11,900 million
Net income for the current fiscal year
¥8,000 million
Net income per share
¥234.44
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Mixed (sales below plan, SG&A expenses within plan)
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Factors affecting changes in operating income (non-consolidated)
  • Gross profit-1.1 Hundreds of millions of yen
  • Operating revenue2.8 Hundreds of millions of yen
  • Total SG&A expenses-12 Hundreds of millions of yen
New initiatives
  • 20 new store openings
  • Absorption-type merger of the former ジョイフルサン and revitalization of existing stores
  • Making トキハインダストリー a subsidiary and replacing its systems
  • Proprietary pricing strategy, “Gachitoku”
  • DX investment in electronic shelf labels, self-checkout registers and other technologies
  • Establishment of a new Micro Process Center, “旬鮮工房”
Key KPIsA metric the company considers important as a management benchmark.
  • Existing-store sales growth year on year (first half)100.7 %
  • Gross margin (food)23.8 %
    Year-on-year change-0.4
  • Revenue per labor hour102.3% year on year, etc.
  • Gachitoku sales as a percentage of existing-store sales162.7 %
  • Number of stores with electronic shelf labels38 Location
Medium-term management plan targets
Plan periodFY2024-FY2026
Key initiatives
  • Shift into growth areas
  • Product Reform
  • Enhancing the appeal of existing assets
  • Improving productivity and management efficiency
  • Promoting sustainable management
Number of stores and locations
Number of Stores at Period-End389 Location
Stores opened during the period20 Location
Number of employees
Number of employees5,507 people
Number of community employees13,151 people
Total employees18,658 people
Change during the periodEmployees +110, community employees -84, total +27
Capital expenditures
¥5,808 million acquisitions of property, plant and equipment
Annual Dividend
Annual dividend amount¥50 per share
Interim¥25 per share
End of period¥25 per share
Payout ratio
30
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredSecond quarter (interim period) of the fiscal year ending February 2027
Net Sales¥268,715 million (YoY +103.9%)
Operating profit¥2,711 million (YoY +67.3%)
Ordinary income¥2,385 million (YoY +46.1%)
Net income¥470 million (YoY +13.1%)
Selling, general and administrative expenses¥78,899 million
Results for the three months of the current quarterOperating revenue ¥146,608 million (YoY +104.8%) / Net Sales ¥139,520 million (YoY +104.7%) / Gross operating profit ¥42,945 million (YoY +103.4%) / Selling, general and administrative expenses ¥40,899 million (YoY +107.5%) / Operating profit ¥2,055 million (YoY +59.2%) / Ordinary income ¥1,896 million (YoY +41.2%) / Interim net income ¥-7 million
Full-year earnings forecastConsolidated Operating revenue ¥600,000 million / Operating profit ¥10,800 million / Ordinary income ¥10,200 million / Net income for the current fiscal year ¥6,500 million / Net income per share ¥190.49 / Standalone Operating revenue ¥571,000 million / Operating profit ¥12,500 million / Ordinary income ¥11,900 million / Net income for the current fiscal year ¥8,000 million / Net income per share ¥234.44
Self-assessment against the planMixed (sales below plan, SG&A expenses within plan)
Breakdown of Factors Affecting the ChangeFactors affecting changes in operating income (non-consolidated) Factors Gross profit / Amount -1.1 Hundreds of millions of yen, Factors Operating revenue / Amount 2.8 Hundreds of millions of yen, Factors Total SG&A expenses / Amount -12 Hundreds of millions of yen
Key KPIsIndicator name Existing-store sales growth year on year (first half) / Value 100.7 % / Year on year against the same period last year Not disclosed, Indicator name Gross margin (food) / Value 23.8 % / Year-on-year change -0.4 %, Indicator name Revenue per labor hour / Value 102.3% year on year, etc. / Year on year against the same period last year Not disclosed, Indicator name Gachitoku sales as a percentage of existing-store sales / Value 162.7 % / Year on year against the same period last year Not disclosed, Indicator name Number of stores with electronic shelf labels / Value 38 Location / Year on year against the same period last year Not disclosed
Number of stores and locationsNumber of Stores at Period-End 389 Location / Stores opened during the period 20 Location / Stores closed during the period Not disclosed
Number of employeesNumber of employees 5,507 people / Number of community employees 13,151 people / Total employees 18,658 people / Change during the period Employees +110, community employees -84, total +27
Medium-term management plan targetsPlan period FY2024-FY2026 / Key initiatives Shift into growth areas, Product Reform, Enhancing the appeal of existing assets, Improving productivity and management efficiency, Promoting sustainable management
Annual DividendAnnual dividend amount ¥50 per share / Interim ¥25 per share / End of period ¥25 per share
Payout ratio30
Capital expenditures¥5,808 million (acquisitions of property, plant and equipment)
New initiatives20 new store openings, Absorption-type merger of the former ジョイフルサン and revitalization of existing stores, Making トキハインダストリー a subsidiary and replacing its systems, Proprietary pricing strategy, “Gachitoku”, DX investment in electronic shelf labels, self-checkout registers and other technologies, Establishment of a new Micro Process Center, “旬鮮工房”
Items this document does not state (12)
Gross Profit MarginOperating profit marginProgress against full-year forecastSegment resultsUnit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The factors cited include temporary store closures and lost opportunities due to the Kumamoto Earthquake; ¥1.745 billion in disaster losses, including product damage and facility restoration costs; the reversal of the previous year's high rice and vegetable market prices; a business partner's system failure; a decline in gross margin due to initiatives supporting household budgets; increased investment in new stores, store revitalization and DX; wage increases; and higher M&A-related expenses.

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Earnings Presentation Materials for the Second Quarter (Interim Period) of the Fiscal Year Ending February 2027 | AEON KYUSHU CO.,LTD. (2653) timely disclosure | Komori