The opinions and estimates described in this material are based on assumptions made by the Company at the time the material was prepared and does not guarantee the accuracy of the information. Please note that they may vary significantly from actual earnings and results due to changes in various factors.
Company Overview
Company name
Beauty Garage Inc.
Headquarters
1-34-25Sakura-shinmachi, Setagaya Ward, Tokyo
Established
April 24, 2003
Capital
768,385,250 Yen
Securities exchange
Tokyo Stock Exchange Prime Market (Securities code: 3180)
listing
Director and CEO
Hideki Nomura
Total Employees
539 (including 376 full-time employees) (on a consolidated basis at the end
of January 2023)
Sapporo / Sendai / Niigata / Kanazawa / Tokyo / Saitama / Nagoya /
Offices
Osaka / Hiroshima/ Fukuoka
Kashiwa DC / Amagasaki DC / Representative office in Guangzhou, China /
Singapore / Taiwan / Vietnam
Group Companies
Japan: 10 companies, overseas: 3 companies
The Company operates (i) BtoB sales business of beauty products, (ii) store design business and (iii) solution business of start-up and prosperity
2
support for beauty salons through the OMO combining online with offline. The biggest feature is operating the Japanese top wholesale EC site for
beauty salons BEAUTY GARAGE Online Shop.
Highlights of FY 2023 3Q (Consolidated/Cumulative)
■Sales
19,133
■Ordinary profit
837
million yen million yen
Y-o-y 111.6%
Y-o-y 106.7%
Sales Composition ratio
Business segment profit composition
Other Solution Business
6.0%
Store Design Business
(1,155 million yen)
Y-o-y 160.6%
11.8%
(2,253 million yen)
Y-o-y 77.0%
Wholesale Business
82.2%
(15,724 million yen)
Y-o-y 116.5%
Wholesale
Business
Store Design
Business
Other Solution
Business
Adjustment
amount
(Y-o-y 113.3%)
114
(Y-o-y 57.4%)
156
(Y-o-y 226.1%)
-140
(million yen)
704
※Overseas sales amounted to 182 million yen (Y-o-y 130.4%)
3
Main Topics for FY 2023 3Q
FY
2023
November
Sendai branch
●Moved and renewed OPEN ●Showroom & store opening ●Immediate delivery service (EXPRESS delivery) started
December
EC app
●Complete renewal of e-commerce apps for smartphones
Osaka branch
●Immediate delivery service (EXPRESS delivery) started at general showrooms and stores
January
Authorized
distributor agreement
●Started handling WELLA products
New Service
●Launched "laundry service" for beauty salons
※EXPRESS delivery is an immediate delivery service that delivers products within a 3km radius from the store 4 base in as little as 30 minutes.
Overview Earnings for FY 2023 3Q
(Consolidated/Cumulative)
■Despite the impact of the depreciation of the yen, steady growth in the Wholesaling business and Other solution businesses and the effect of reducing SG&A expenses led to an increase in profit compared to the same period of the previous year.
(Million yen)
Consolidated
FY 2022 3Q
FY 2023 3Q
Y-o-y
Actual
Sales
Actual
Sales
Sales
17,141
100.0%
19,133
100.0%
111.6%
Gross margin
4,488
26.2%
4,872
25.5%
108.5%
Selling , General and
3,704
21.6%
4,038
21.1%
109.0%
Administrative Expenses
Operating profit
784
4.6%
834
4.4%
106.3%
Ordinary profit
784
4.6%
837
4.4%
106.7%
Net profit attributable to
426
2.5%
540
2.8%
126.6%
shareholders of the
5
parent company
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Beauty Garage Inc. published this content on 08 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2023 06:06:03 UTC.
BEAUTY GARAGE Inc. is primarily engaged in selling beauty equipment, store design business and other solution business. The Company operates in three segments. The Merchandising segment sells beauty equipment and cosmetics through Internet site, mail catalog and show room. In addition to purchasing from manufacturers, it also develops its own original brand products, and purchases and sells used beauty equipment. The Store Design segment is engaged in store design and construction supervision. The Other Related Solutions segment is engaged in providing a range of resources services for beauty salon operation.