BEAUTY GARAGE : FY2023 1Q Presentation Material

Beauty Garage Inc.

1Q FY 2023 (Fiscal Year Ended April 2023)

Financial Report Supplementary Material

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	543 (including 371 full-time employees) (on a consolidated basis at the end
of July 2022)
	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 omnichannel 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 1Q (Consolidated/Cumulative)

■Sales ■Ordinary profit

6,078 million yen

258 million yen

Y-o-y 113.1%

Y-o-y 91.4%

Sales Composition ratio	Other Solution Business
	5.9%
Store Design Business	(357 million yen)
Y-o-y 179.1%
9.5%
(578 million yen)
Y-o-y 79.8%

Sales

compositi

on ratio

Wholesale Business

84.6%

(5,142 million yen)

Y-o-y 115.5%

Business segment profit composition

（million yen）

Wholesale		247
Business
Store Design		0.2
Business
Other Solution		56
Business
Adjustment		-48
amount

※Overseas sales amounted to 63 million yen (Y-o-y 120.2%)

3

Overview Earnings for FY 2023 1Q

(Consolidated/Cumulative)

■In addition to the decline in the gross profit margin, there were also temporary expenses such as exhibiting at exhibitions, and as a result, operating income and ordinary income fell below the previous term. Net income exceeded the previous year's level due to gains on the sale of fixed assets (real estate owned by group companies).

	FY 2022 1Q			FY 2023 1Q			Y-o-y
Consolidated
Actual	Sales (%)		Actual	Sales		(%)
	(Million yen)		(Million yen)	(%)
Sales	5,376		100.0		6,078		100.0		113.1
Gross margin	1,476		27.5		1,591		26.2		107.8
Selling , General and	1,189		22.1		1,334		22.0		112.2
Administrative Expenses
Operating profit	286		5.3		256		4.2		89.6
Ordinary profit	282		5.3		258		4.3		91.4
Net profit attributable to	167		3.1		199		3.3		118.8
shareholders of the parent
company										4

Changes in Sales/Ordinary Profit Ratio (Consolidated)

■Sales continued to grow steadily despite the slump in the store design business.

The profit margin is still below that of the same period of the previous year, partly because we are still facing severe conditions such as the depreciation of the yen.

(Million yen)

	Sales
6,000	Ordinary Profit Ratio
					4,535
		4,107	3,938		4,243
		3,775	3,836
4,000		3,773
3,283	3,190	3,272
2,000		8.3%			7.5%
3.6%		4.2%	4.0%		4.6% 4.1%
	3.1%		3.0%
	3.3%
0

Y-o-Y

113.1％

6,170

6,099

6,259

6,078

5,665

5,376

5,054

7.1%

5.9% 5.3%		6.9%
4.9%	4.3%
		3.5%

20.0%

15.0%

10.0%

5.0%

0.0%

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