Bic Camera : FY2023 2Q(Second Quarter ended February 28, 2023)
May 15, 2023 at 04:38 am EDT
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Financial Results Briefing
FY2023/08 First Half
(September 1, 2022 to February 28, 2023)
April 18, 2023
(Tokyo Stock Exchange, Prime Market:3048)
(Tokyo Stock Exchange, Prime Market :7513)
Financial Results Briefing
materials
1.
2.
(Tokyo Stock Exchange, Prime Market :7513)
Purpose
To be a company that supports everyday living by providing consumer electronics with a view toward the creation of a bright and happy future full of smiles
Yuji Nakazawa
Representative Director and President
〈Kojima〉 Financial Results Highlights (FY2023 1H)
FY2022 1H
FY2023 1H
(million yen, %)
(Sep. 2021 - Feb. 2022)
(Sep. 2022 - Feb. 2023)
Amount
% to sales
Amount
% to sales YoY
Forecast
Net sales
138,516
-
136,945
-
98.9
138,900
Gross profit
37,540
27.1
35,955
26.3
95.8
27.3%
SG&A expenses
32,781
23.7
33,455
24.4
102.1
24.5%
Personnel expenses
11,326
8.2
11,586
8.5
102.3
Logistics expenses(Shipping)
5,875
4.2
5,716
4.2
97.3
Rent expenses
4,306
3.1
4,460
3.3
103.6
Depreciation
674
0.5
709
0.5
105.2
Others
10,598
7.7
10,983
8.0
103.6
Operating profit
4,759
3.4
2,500
1.8
52.5
3,900
Non-operating income
319
0.2
221
0.2
69.5
Non-operating expenses
101
0.1
52
0.0
51.4
Ordinary profit
4,976
3.6
2,669
1.9
53.6
4,000
Extraordinary income
226
0.2
64
0.0
28.6
Extraordinary losses
189
0.1
37
0.0
19.7
Profit before income taxes
5,013
3.6
2,697
2.0
53.8
Income taxes - current
447
0.3
197
0.1
44.2
Income taxes - deferred
1,164
0.8
897
0.7
77.1
Profit income
3,401
2.5
1,601
1.2
47.1
2,700
3
〈Kojima〉 Net sales/Gross profit (i)
Quarterly changes
Factors for increase/decrease
by channel
(billion yen)
Before COVID-19
After COVID-19From March 2020
Teleworking-
related demand
Corporate
Stores
Stay-at-home demand
EC
customer
(Including corporate
business
Demand related to
customer)
85
(offices)
the green housing
point system
Net
Gross
Net
Gross
Net
Gross
profit
profit
profit
sales
sales
sales
margin
margin
margin
75
Stay-at-
+
+
+
+
home
65
FY22
demand
1H
Demand
+
+
+
+
related to the
55
green housing
point system
45
Enhancing
+
+
customer
service
35
Housing
+
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
equipment
FY19
FY20
FY21
FY22
FY23
FY23
Cellular
+
-
1H
phones
Sales increase/decrease factors
Video
+
-
+
-
by channel
Games
(billion yen)
140,000
vs FY22
Stores
EC
139,000
(0.3)
+0.1
(1.5)
Not holding
-
EC events
Corporate
New Closed
customer
Stores*
-
-
-
business
Total (YoY)
(offices)
138,000
138.5
137,000
136,000
135,000
(0.6)
(2.7)
+2.1
136.9
Note: Red = negative factor Blue = positive factor
FY22
*New stores launched in the fiscal year under
FY23
4
review and the previous fiscal year
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Disclaimer
BIC CAMERA Inc. published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 08:37:03 UTC.
BIC CAMERA INC. is a Japan-based company engaged in the sale of goods such as audio-visual products, home appliances and information communication equipment products. Audio-visual products include cameras, televisions, recorder & video cameras, as well as audio products, among others. Home appliances include refrigerators, washing machines, cooking appliances, seasonal appliances, and beauty appliances. Information communication equipment products include personal computers, personal computer peripherals, computer software, and mobile phones. The Company also sells watches, second-hand computers, sporting goods, toys, glasses, contact lenses, alcoholic beverages, food, drinks, pharmaceuticals, as well as daily necessities. The Company is also involved in the broadcasting business, the logistics business, the recycling & reuse business, the communication service agency business, as well as the planning and sale of security equipment products.