Financial Results Presentation for the First Quarter of the Fiscal Year Ending February 2027 | ASAHI CO.,LTD. (3333) timely disclosure

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Contents of this document

Financial results presentationFirst quarter 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¥27,786 million+2.5%

Operating profit¥3,097 million-5.3%

Ordinary income¥3,138 million-7.8%

Net income¥2,140 million-8.4%

Selling, general and administrative expenses¥9,499 million

Gross Profit Margin

Rate45.3

Year-on-year change (points)-0.1

Operating profit margin

Rate11.1

Year-on-year change (points)-1

Results for the three months of the current quarter

Net Sales

¥27,786 million

Operating profit

¥3,097 million

Ordinary income

¥3,138 million

Quarterly net income

¥2,140 million

Full-year earnings forecast

Net Sales

¥86,278 million

Gross profit

¥41,627 million

Operating profit

¥4,300 million

Ordinary income

¥4,440 million

Net income for the current fiscal year

¥2,730 million

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Change in sales¥309 million
Impact of costs and product mix¥-22 million
Change in selling, general and administrative expenses¥-460 million

New initiatives

Building a circular business through the collection, appraisal, purchase, repair, and resale of used bicycles
Strengthening the repair function of the Asahi Support Center
Strengthening coordination between OMO and CRM
Expanding investment in digital and IT infrastructure, logistics infrastructure, and stores

Key KPIsA metric the company considers important as a management benchmark.

Existing-store revenue101.9 % year on year
Year on year against the same period last year+1.9%
Same-store customer traffic103 % year on year
Year on year against the same period last year+3.0%
Same-store spend per customer99.2 % year on year
Year on year against the same period last year-0.8%
Market share26 %

Unit price and quantity metricsThese figures show sales broken down by price and volume.

Same-store customer traffic

103 % year on year

Same-store spend per customer

99.2 % year on year

Medium-term management plan targets

Under the VISION2028 theme, the company aims to deepen OMO and CRM, build a circular business through reuse and other initiatives, and expand strategic partnerships. Numerical targets are not disclosed.

Market Size / Share

Market share

Plan for the fiscal year ending February 202726 %

Bicycles in use in Japan

Target for the reuse business6,000 10,000 units

Number of stores and locations

Number of Stores at Period-End557 Location

Store openings during the period1 Location

Store closures during the period1 Location

Planned number of stores at fiscal year-end567 Location

Capital expenditures

¥2,554 million

Annual Dividend

Annual dividend per share¥50

Payout ratio

Rate35 % or higher

DOE3 % or higher

DOE unitIndicative %

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	First quarter of the fiscal year ending February 2027
Net Sales	¥27,786 million (YoY +2.5%)
Operating profit	¥3,097 million (YoY -5.3%)
Ordinary income	¥3,138 million (YoY -7.8%)
Net income	¥2,140 million (YoY -8.4%)
Gross Profit Margin	Rate 45.3 / Year-on-year change (points) -0.1
Operating profit margin	Rate 11.1 / Year-on-year change (points) -1
Selling, general and administrative expenses	¥9,499 million
Results for the three months of the current quarter	Net Sales ¥27,786 million / Operating profit ¥3,097 million / Ordinary income ¥3,138 million / Quarterly net income ¥2,140 million
Full-year earnings forecast	Net Sales ¥86,278 million / Gross profit ¥41,627 million / Operating profit ¥4,300 million / Ordinary income ¥4,440 million / Net income for the current fiscal year ¥2,730 million
Breakdown of Factors Affecting the Change	Item Change in sales / Amount ¥309 million, Item Impact of costs and product mix / Amount ¥-22 million, Item Change in selling, general and administrative expenses / Amount ¥-460 million
Key KPIs	Indicator name Existing-store revenue / Value 101.9 % year on year / Year on year against the same period last year 1.9 % year on year, Indicator name Same-store customer traffic / Value 103 % year on year / Year on year against the same period last year 3 % year on year, Indicator name Same-store spend per customer / Value 99.2 % year on year / Year on year against the same period last year -0.8 % year on year, Indicator name Market share / Value 26 % / Year on year against the same period last year Not disclosed
Unit price and quantity metrics	Same-store customer traffic 103 % year on year / Same-store spend per customer 99.2 % year on year
Number of stores and locations	Number of Stores at Period-End 557 Location / Store openings during the period 1 Location / Store closures during the period 1 Location / Planned number of stores at fiscal year-end 567 Location
Medium-term management plan targets	Under the VISION2028 theme, the company aims to deepen OMO and CRM, build a circular business through reuse and other initiatives, and expand strategic partnerships. Numerical targets are not disclosed.
Annual Dividend	Annual dividend per share ¥50 / Interim and Year-End Breakdown Not disclosed
Payout ratio	Rate 35 % or higher / DOE 3 % or higher / DOE unit Indicative %
Capital expenditures	¥2,554 million
Market Size / Share	Market share 26 % / Bicycles in use in Japan 6,000 10,000 units
New initiatives	Building a circular business through the collection, appraisal, purchase, repair, and resale of used bicycles, Strengthening the repair function of the Asahi Support Center, Strengthening coordination between OMO and CRM, Expanding investment in digital and IT infrastructure, logistics infrastructure, and stores

Items this document does not state (10)

Progress against full-year forecastSelf-assessment against the planSegment resultsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesOrders received and order backlogKey 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 increase in first-quarter revenue was driven by strong sales of electric-assist bicycles and children's bicycles, as well as higher sales of parts, repairs, and maintenance services. Operating profit declined because, despite efforts to reduce costs, the weaker yen worsened the impact of costs and product mix, while expenses also increased due to wage increases, front-loaded investments in employee development, and higher fixed costs associated with the increase in the number of stores.

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