Kotobuki Spirits Co.,Ltd.
July 30, 2020
FY2021(1Q)
(First quarter of the fiscal year ending March 31, 2021)
Consolidated Business Results
Kotobuki Spirits Co.,Ltd.
Kotobuki Spirits Co.,Ltd.
Company Overview
Firm name | Kotobuki Spirits Co.,Ltd. |
Securities code | 2222(Tokyo Stock Exchange 1st section) |
Address | 2028, Hatagasaki, Yonago-shi, Tottori, 683-0845, Japan |
Establishment | April 25th,1952 |
Capital | 1.2 Billion 17.8 Million yen |
President | Seigo Kawagoe |
Employees | Kotobuki Spirits 7people/Group Total 1,520 people |
Group companies | Consolidated subsidiary 18companies (domestic 16・overseas 2) |
Net sales | 45.2 Billion Yen(FY2020 :Year ended March 31, 2020) |
March 31,2020
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Kotobuki Spirits Co.,Ltd.
The Impact of COVID-19 on business performance
‐2‐
Kotobuki Spirits Co.,Ltd.
The Impact of COVID-19 on business performance
<FY2021(1Q)>
- Due to the spread of COVID-19, the "emergency declaration" was issued, the movement was reduced due to the request to refrain from going out, and many commercial facilities were temporarily closed.Although we reduced costs such as reducing executive compensation and employees bonuses, the business performance in the first quarter was sales down significary and net loss.
- Net sales Apr(82.4% down YoY) May(79.0% down YoY) Jun(61.5% down YoY)
- EC channel sales up 46.2% YoY.(826 million yen)
- Overdraft limit increased from 3.2 billion yen to 7.8 billion yen.
- Subsidy income 623 million yen is Recorded on Non-operating income.
<FY2021>
- Due to the recent increase in the number of people who test positive COVID-19 in Tokyo area and major cities, the sales pace of recovery is sluggish.
- After end of the emergency declaration, all directly operated store operations resumed. In terms of production, we are still striving to reduce inventory by controlling operations.
<FY2021 Business Forecast and Dividend forecast >
- Forecast of FY2021 is undecided due to the influence of COVID-19. It will be disclosed promptly when the business forecast is available.
‐3‐
Kotobuki Spirits Co.,Ltd.
FY2021(1Q) Highlight
Net sales 74.4%down/Net Profit △1,163million yen
Due to the spread of COVID-19, the "emergency declaration" was issued, the movement was reduced due to the request to refrain from going out, and many commercial facilities were temporarily closed.
As a result of being forced to significantly reduce the business activities , the business performance in the first quarter was net loss.
FY2020 | FY2021 | |||||
1Q | 2Q | 3Q | 4Q | 1Q | ||
(Unit:Millions of yen) | (Apr-Jun) | (Jul-Sep) | (Oct-Dec) | (Jan-Mar) | (Apr-Jun) | |
Net sales | 10,627 | 11,761 | 13,287 | 9,506 | 2,716 | |
(YoY) | (+23.5%) | (+20.7%) | (+17.9%) | (△14.8%) | (△74.4%) | |
Ordinary profit (loss) | 1,567 | 1,981 | 2,694 | 233 | △1,755 | |
(YoY) | (+87.7%) | (+ 49.8%) | (+22.9%) | (△86.0%) | (-) | |
Net Profit (loss) | 1,023 | 1,246 | 1,702 | 130 | △1,163 | |
(YoY) | (+100.5%) | (+ 52.3%) | (+12.4%) | (△88.5%) | (-) |
‐4‐
Kotobuki Spirits Co.,Ltd.
FY2021(1Q) Topics ➀
KCC EC sales up 56.0% YoY.
(EC sales 671 million yen )
Mother's day gifts and summer gift measures were successful
‐5‐
Kotobuki Spirits Co.,Ltd.
FY2021(1Q) Topics ②
Taiwan Cow Cow Kitchen got off a good start !
First Cow Cow Kitchen store in Taiwan opening at Taipei Shinkong Mitsukoshi Mall Xinyi Place (Mar.2020)
Cow Cow Kitchen Taipei Shinkong Mitsukoshi Mall Xinyi Place
‐6‐
Kotobuki Spirits Co.,Ltd.
Results of FY2021 1Q(YoY)
Gross profit down on account of large decrease in sales, production adjustments, we unable to cover manufacturing fixed costs
FY2020(1Q) | FY2021(1Q) | FY2020(1Q-4Q) | |||||||
To-sales | To-sales | To-sales | |||||||
amount | amount | YoY(Change) | YoY(%) | amount | |||||
(Million of Yen,%) | rate | rate | rate | ||||||
Net sales | 10,627 | - | 2,716 | - | △ 7,911 △ 74.4 | 45,181 | - | ||
Gross profit | 6,320 | 59.5 | 611 | 22.5 | △ 5,709 | △ 90.3 | 26,702 | 59.1 | |
SG&A expenses | 4,765 | 44.8 | 3,020 | 111.2 | △ 1,744 | △ 36.6 | 20,248 | 44.8 | |
Operating profit | 1,555 | 14.6 | △ 2,409 | - | △ 3,964 | - | 6,455 | 14.3 | |
Ordinary profit | 1,567 | 14.8 | △ 1,755 | - | △ 3,323 | - | 6,475 | 14.3 | |
Net profit | 1,023 | 9.6 | △ 1,163 | - | △ 2,186 | - | 4,100 | 9.1 | |
EPS(Yen) | 32.86 | △37.38 | 131.76 | ||||||
‐7‐
Kotobuki Spirits Co.,Ltd.
SG&A expenses /Operating profit
SG&A expenses down 1,744 million yen(YoY) on account of reductions in personnel expenses and promotion expenses and sales fluctuations
FY2020(1Q) | FY2021(1Q) | FY2020(1Q-4Q) | ||||||||
amount | To-sales rate | amount | To-sales rate | YoY(Change) | YoY(%) | amount | To-sales rate | |||
(Million of Yen,%) | ||||||||||
Gross profit | 6,320 | 59.5 | 611 | 22.5 | △ 5,709 | △ 90.3 | 26,702 | 59.1 | ||
Personal expenses | 1,916 | 18.0 | 1,521 | 56.0 | △ 395 | △ 20.6 | 7,695 | 17.0 | ||
Promotion | 757 | 7.1 | 335 | 12.3 | △ 423 | △ 55.8 | 3,567 | 7.9 | ||
Freight | 459 | 4.3 | 234 | 8.6 | △ 224 | △ 48.9 | 2,026 | 4.5 | ||
Advertising | 68 | 0.6 | 79 | 2.9 | 11 | 16.2 | 294 | 0.7 | ||
Rent | 713 | 6.7 | 291 | 10.7 | △ 422 | △ 59.2 | 3,116 | 6.9 | ||
Depreciation | 130 | 1.2 | 128 | 4.7 | △ 1 | △ 0.9 | 570 | 1.3 | ||
Traveling and | 160 | 1.5 | 28 | 1.0 | △ 133 | △ 82.7 | 621 | 1.4 | ||
transportation | ||||||||||
expenses | ||||||||||
Others | 562 | 5.3 | 404 | 14.9 | △ 157 | △ 28.0 | 2,359 | 5.2 | ||
SG&A expenses | 4,765 | 44.8 | 3,020 | 111.2 | △ 1,744 | △ 36.6 | 20,248 | 44.8 | ||
Operating profit | 1,555 | 14.6 | △ 2,409 | - | △ 3,964 | - | 6,455 | 14.3 | ‐8‐ | |
Kotobuki Spirits Co.,Ltd.
Net sales
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
Net sales (Quarter) | Net sales (Cumulative) | |||||||||||||||||||||||||||||
(Three periods comparison) | (Three periods comparison) | |||||||||||||||||||||||||||||
50,000 | ||||||||||||||||||||||||||||||
45,000 | ||||||||||||||||||||||||||||||
40,000 | ||||||||||||||||||||||||||||||
35,000 | ||||||||||||||||||||||||||||||
30,000 | ||||||||||||||||||||||||||||||
25,000 | ||||||||||||||||||||||||||||||
20,000 | ||||||||||||||||||||||||||||||
15,000 | ||||||||||||||||||||||||||||||
10,000 | ||||||||||||||||||||||||||||||
5,000 | ||||||||||||||||||||||||||||||
0 | ||||||||||||||||||||||||||||||
1Q | 2Q | 3Q | 4Q | 1Q | 1Q-2Q | 1Q-3Q1Q-4Q | ||||||||||||||||||||||||
FY2019 | FY2020 | FY2021 | FY2019 | FY2020 | FY2021 | |||||||||||||||||||||||||
(Millions of yen) | Quarter | Cumulative Quarter | |||||||
1Q | 2Q | 3Q | 4Q | 1Q | 1Q-2Q | 1Q-3Q1Q-4Q | |||
FY2019 | 8,601 | 9,747 | 11,268 | 11,153 | 8,601 | 18,348 | 29,616 | 40,769 | |
FY2020 | 10,627 | 11,761 | 13,287 | 9,506 | 10,627 | 22,388 | 35,675 | 45,181 | |
FY2021 | 2,716 | 2,716 | |||||||
YoY | △74.4% | △74.4% |
‐9‐
Kotobuki Spirits Co.,Ltd.
Operating profit
Operating profit (Quarter)
(Three periods comparison)
3,500
2,500
1,500
500
△ 500 | 1Q | 2Q | 3Q | 4Q | |
△ 1,500
△ 2,500
FY2019 | FY2020 | FY2021 | |
Operating profit (Cumulative)
(Three periods comparison)
7,500
5,500
3,500
1,500
△ 500 | 1Q | 1Q-2Q | 1Q-3Q | 1Q-4Q | |
△ 2,500
FY2019 | FY2020 | FY2021 | |
(Millions of yen) | Quarter | Cumulative Quarter | |||||||
1Q | 2Q | 3Q | 4Q | 1Q | 1Q-2Q | 1Q-3Q1Q-4Q | |||
FY2019 | 830 | 1,321 | 2,167 | 1,658 | 830 | 2,151 | 4,318 | 5,976 | |
FY2020 | 1,555 | 1,964 | 2,672 | 264 | 1,555 | 3,519 | 6,191 | 6,455 | |
FY2021 | △ 2,409 | △ 2,409 | |||||||
YoY | - | - |
‐10‐
Kotobuki Spirits Co.,Ltd.
Results of FY2021 1Q (SEGMENTS)
All segments Net sales and OP are affected by COVID-19
Net sales | Operating profit | ||||||
FY2020 (1Q) | FY2021(1Q) | YoY(Change) | YoY(%) | FY2020 (1Q) | FY2021 (1Q) | YoY(Change) | |
(Million of Yen,%) | |||||||
SUCREY | 3,625 | 675 | △ 2,950 | △ 81.4 | 547 | △ 789 | △ 1,337 |
KCC | 2,878 | 1,114 | △ 1,764 | △ 61.3 | 251 | △ 517 | △ 768 |
KOTOBUKISEIKA | 2,690 | 580 | △ 2,110 | △ 78.4 | 347 | △ 543 | △ 890 |
TAJIMAKOTOBUKI | |||||||
SALES SUBSIDIARIES | 1,606 | 208 | △ 1,398 | △ 87.0 | 163 | △ 216 | △ 379 |
KUJYUKUSHIMA GROUP | 1,059 | 224 | △ 835 | △ 78.9 | 101 | △ 291 | △ 393 |
OTHERS | 258 | 132 | △ 126 | △ 48.8 | △ 30 | △ 9 | 21 |
SEGMENTS TOTAL | 12,117 | 2,933 | △ 9,184 | △ 75.8 | 1,379 | △ 2,366 | △ 3,745 |
ADJUSTMENT | △ 1,490 | △ 217 | 1,273 | △ 85.4 | 138 | △ 43 | △ 181 |
TOTAL | 10,627 | 2,716 | △ 7,911 | △ 74.4 | 1,517 | △ 2,409 | △ 3,927 |
‐11‐
Kotobuki Spirits Co.,Ltd.
≪SUCREY≫
FY2021(1Q):Net sales 675million yen(△81.4%YoY) OP △789million yen
(Unit:Millions of yen) | Net sales | Operating profit | ||||||||||||||
4,000 | 600 | |||||||||||||||
3,500 | 400 | |||||||||||||||
3,000 | 200 | |||||||||||||||
2,500 | 0 | |||||||||||||||
FY2019(1Q) | FY2020(1Q) | FY2021(1Q) | ||||||||||||||
2,000 | ||||||||||||||||
△ 200 | ||||||||||||||||
1,500 | △ 400 | |||||||||||||||
1,000 | △ 600 | |||||||||||||||
500 | ||||||||||||||||
△ 800 | ||||||||||||||||
0 | ||||||||||||||||
△ 1,000 | ||||||||||||||||
FY2019(1Q) | FY2020(1Q) | FY2021(1Q) | ||||||||||||||
(Millions of yen,%) | FY2019(1Q) | FY2020(1Q) | FY2021(1Q) | YoY(Change) | YoY(%) | |||||||||||
Net sales | 2,718 | 3,625 | 675 | △ 2,950 | △ 81.4 | |||||||||||
Gross profit | 1,667 | 2,255 | 108 | △ 2,147 | △ 95.2 | |||||||||||
Gross profit rate | 61.3 | 62.2 | 16.1 | △ 46.1 | ||||||||||||
SG&A expenses | 1,406 | 1,708 | 898 | △ 810 | △ 47.4 | |||||||||||
Operating profit | 261 | 547 | △ 789 | △ 1,337 | - |
‐12‐
Kotobuki Spirits Co.,Ltd.
≪SUCREY≫
2 brands opened at Haneda Airport terminal 1 in June
ORIENTAL CHOCOLAT by côte cour Haneda Airport terminal 1(Jun.2020)
Tokyo Milk Cheese Factory Haneda Airport terminal 1(Jun.2020) (Relocation)
‐13‐
Kotobuki Spirits Co.,Ltd.
≪KCC≫
FY2021(1Q):Net sales 1,114million yen(△61.3%YoY) OP △517million yen
(Unit:Millions of yen) | Net sales | Operating profit | ||||||||||||||
3,500 | 400 | |||||||||||||||
3,000 | 200 | |||||||||||||||
2,500 | ||||||||||||||||
0 | ||||||||||||||||
2,000 | ||||||||||||||||
FY2019(1Q) | FY2020(1Q) | FY2021(1Q) | ||||||||||||||
1,500 | △ 200 | |||||||||||||||
1,000 | ||||||||||||||||
△ 400 | ||||||||||||||||
500 | ||||||||||||||||
0 | △ 600 | |||||||||||||||
FY2019(1Q) | FY2020(1Q) | FY2021(1Q) | ||||||||||||||
(Millions of yen,%) | FY2019(1Q) | FY2020(1Q) | FY2021(1Q) | YoY(Change) | YoY(%) | |||||||||||
Net sales | 2,502 | 2,878 | 1,114 | △ 1,764 | △ 61.3 | |||||||||||
Gross profit | 1,541 | 1,737 | 549 | △ 1,188 | △ 68.4 | |||||||||||
Gross profit rate | 61.6 | 60.4 | 49.3 | △ 11.1 | ||||||||||||
SG&A expenses | 1,298 | 1,486 | 1,066 | △ 420 | △ 28.3 | |||||||||||
Operating profit | 243 | 251 | △ 517 | △ 768 | - |
‐14‐
Kotobuki Spirits Co.,Ltd.
≪KCC≫
GLACIEL Omotesando Flagship shop opened in June(Relocation open)
Fresh glass
GLACIELOmotesando(Jun.2020)
Ballon de Fruits | ‐15‐ |
Kotobuki Spirits Co.,Ltd.
≪KOTOBUKISEIKA・ TAJIMAKOTOBUKI≫
FY2021(1Q):Net sales 580million yen(△78.4%YoY) OP △543million yen
(Unit:Millions of yen)
Net sales | Operating profit |
3,000 | 400 | ||||||||
2,500 | 200 | ||||||||
2,000 | |||||||||
0 | |||||||||
1,500 | FY2019(1Q) | FY2020(1Q) | FY2021(1Q) | ||||||
△ 200 | |||||||||
1,000 | |||||||||
△ 400 | |||||||||
500 | |||||||||
0 | △ 600 | ||||||||
FY2019(1Q) | FY2020(1Q) | FY2021(1Q) | |||||||
(Millions of yen,%) | FY2019(1Q) | FY2020(1Q) | FY2021(1Q) | YoY(Change) | YoY(%) |
Net sales | 2,394 | 2,690 | 580 | △ 2,110 | △ 78.4 |
Gross profit | 879 | 1,108 | △ 139 | △ 1,247 | - |
Gross profit rate | 36.7 | 41.2 | △ 24.0 | △ 65.2 | |
SG&A expenses | 675 | 761 | 404 | △ 357 | △ 46.9 |
Operating profit | 204 | 347 | △ 543 | △ 890 | - |
‐16‐
Kotobuki Spirits Co.,Ltd.
≪KOTOBUKISEIKA・ TAJIMAKOTOBUKI≫
TAJIMAKOTOBUKI EC
TAJIMAKOTOBUKI EC sells not only confectionary but also processed food and original goods
‐17‐
Kotobuki Spirits Co.,Ltd.
≪SALES SUBSIDIARIES≫
FY2021(1Q):Net sales 208million yen(△87.0%YoY) OP △216million yen
(Unit:Millions of yen)
Net sales | Operating profit |
1,800 | 200 | |||||||||||
1,600 | 150 | |||||||||||
1,400 | 100 | |||||||||||
1,200 | 50 | |||||||||||
1,000 | 0 | |||||||||||
800 | △ 50 | FY2019(1Q) | FY2020(1Q) | FY2021(1Q) | ||||||||
600 | △ 100 | |||||||||||
400 | △ 150 | |||||||||||
200 | ||||||||||||
△ 200 | ||||||||||||
0 | ||||||||||||
△ 250 | ||||||||||||
FY2019(1Q) | FY2020(1Q) | FY2021(1Q) | ||||||||||
(Millions of yen,%) | FY2019(1Q) | FY2020(1Q) | FY2021(1Q) | YoY(Change) | YoY(%) |
Net sales | 1,347 | 1,606 | 208 | △ 1,398 | △ 87.0 |
Gross profit | 471 | 582 | 46 | △ 535 | △ 92.0 |
Gross profit rate | 35.0 | 36.2 | 22.2 | △ 14.0 | |
SG&A expenses | 372 | 419 | 263 | △ 156 | △ 37.3 |
Operating profit | 99 | 163 | △ 216 | △ 379 | - |
‐18‐
Kotobuki Spirits Co.,Ltd.
≪SALES SUBSIDIARIES≫
Hida Kotobukian Tokai Kotobuki | Mie Kotobukian | Kotobukian | Kotobukikoujyuan |
Minami Kotobukiseika | Kotobukidou | Setouchi Kotobuki | Hanafukudou |
‐19‐
Kotobuki Spirits Co.,Ltd.
≪KUJYUKUSHIMA GROUP≫
FY2021(1Q):Net sales 224million yen(△78.9%YoY) OP △291million yen
(Unit:Millions of yen) | Net sales | Operating profit | ||||||||||||||||||
1,200 | 200 | |||||||||||||||||||
1,000 | 100 | |||||||||||||||||||
800 | 0 | |||||||||||||||||||
FY2019(1Q) | FY2020(1Q) | FY2021(1Q) | ||||||||||||||||||
600 | △ 100 | |||||||||||||||||||
400 | △ 200 | |||||||||||||||||||
200 | △ 300 | |||||||||||||||||||
0 | ||||||||||||||||||||
△ 400 | ||||||||||||||||||||
FY2019(1Q) | FY2020(1Q) | FY2021(1Q) | ||||||||||||||||||
(Millions of yen,%) | FY2019(1Q) | FY2020(1Q) | FY2021(1Q) | YoY(Change) | YoY(%) | |||||||||||||||
Net sales | 695 | 1,059 | 224 | △ 835 | △ 78.9 | |||||||||||||||
Gross profit | 276 | 517 | △ 39 | △ 556 | - | |||||||||||||||
Gross profit rate | 39.7 | 48.8 | △ 17.3 | △ 66.2 | ||||||||||||||||
SG&A expenses | 371 | 416 | 252 | △ 164 | △ 39.4 | |||||||||||||||
Operating profit | △ 95 | 101 | △ 291 | △ 393 | - |
‐20‐
Kotobuki Spirits Co.,Ltd.
≪KUJYUKUSHIMA GROUP≫
‐21‐
Kotobuki Spirits Co.,Ltd.
< health food business, Taiwan confectionary business, | |||||||
≪OTHERS≫ Hong Kong confectionary business, General insurance agency > | |||||||
FY2021(1Q):Net sales 132million yen(△48.8%YoY) OP △9million yen | |||||||
(Unit:Millions of yen) | Net sales | Operating profit | |||||
300 | 30 | ||||||
200 | 10 | ||||||||
FY2019(1Q) | FY2020(1Q) | FY2021(1Q) | |||||||
100 | △ 10 | ||||||||
△ 30 | |||||||||
0 | |||||||||
△ 50 | |||||||||
FY2019(1Q) | FY2020(1Q) | FY2021(1Q) | |||||||
(Millions of yen,%) | FY2019(1Q) | FY2020(1Q) | FY2021(1Q) | YoY(Change) | YoY(%) | ||
Net sales | 61 | 258 | 132 | △ 126 | △ 48.8 | ||
Gross profit | 34 | 151 | 96 | △ 55 | △ 36.6 | ||
Gross profit rate | 55.8 | 58.6 | 72.6 | 13.9 | |||
SG&A expenses | 54 | 181 | 105 | △ 76 | △ 42.0 | ||
Operating profit | △ 20 | △ 30 | △ 9 | 21 | - | ||
※Others segment contains Honey Sucrey | (Hong Kong) from FY2020 |
‐22‐
Kotobuki Spirits Co.,Ltd.
≪OTHERS≫
Taiwan confectionery business
health food business(Junai)
Cow Cow Kitchen
Taipei Shinkong Mitsukoshi Mall Xinyi Place
Junai Tea
‐23‐
Kotobuki Spirits Co.,Ltd.
Memo
Kotobuki Spirits Co.,Ltd.
Balance Sheet
Decrease in current assets are mainly due to decrease in cash and deposits and account receivable
FY2019 | FY2020 | FY2021(1Q) | (Change) | (%) | |||||
amount | rate | amount | rate | amount | rate | ||||
(Millions of yen,%) | |||||||||
Current assets | 13,202 | 50.9 | 13,444 | 50.1 | 9,155 | 39.8 | △ 4,289 | △ 31.9 | |
Non - current assets | 12,751 | 49.1 | 13,370 | 49.9 | 13,820 | 60.2 | 450 | 3.4 | |
Assets | 25,954 | 100.0 | 26,814 | 100.0 | 22,975 | 100.0 | △ 3,839 | △ 14.3 | |
Current liabilities | 5,804 | 22.4 | 3,846 | 14.3 | 2,404 | 10.5 | △ 1,443 | △ 37.5 | |
No n - c u r r e n t liabilit ie s | 1,855 | 7.1 | 1,803 | 6.7 | 1,827 | 8.0 | 24 | 1.3 | |
Liabilities | 7,659 | 29.5 | 5,649 | 21.1 | 4,230 | 18.4 | △ 1,419 | △ 25.1 | |
Net assets | 18,294 | 70.5 | 21,165 | 78.9 | 18,745 | 81.6 | △ 2,420 | △ 11.4 | |
Liabilities and net | 25,954 | 100.0 | 26,814 | 100.0 | 22,975 | 100.0 | △ 3,839 | △ 14.3 | |
assets | |||||||||
BPS(Yen) | 587.87 | 680.11 | 602.34 | △ 77.77 | △ 11.4 | ||||
Cash and deposits | 5,660 | 8,291 | 5,330 | △ 2,961 | △ 35.7 | ||||
Interest- | 433 | 180 | 120 | △ 60 | △ 33.4‐24‐ | ||||
bearing debt | |||||||||
Kotobuki Spirits Co.,Ltd.
Strategy (consideration of influence of COVID-19)
Regarding the outlook for FY2021, the situation has changed completely from last year's situation that the economy was on a gradual recovery trend.
The impact on consumption is immeasurable, and it is a serious situation that we have never experienced.
Under such an unprecedented circumstance, we quickly grasp the rapidly changing domestic and overseas market trends and consumer needs, and put the following measures into two stages to bring together the collective efforts of all employees.
♦Emergency phase(Until the end of COVID-19epidemic)
Emergency measures
- Recovery phase(After the end of COVID-19 epidemic)
Strategic measures
‐25‐
Kotobuki Spirits Co.,Ltd.
Strategy (consideration of influence of COVID-19)
♦Emergency phase(Until the end of COVID-19 epidemic)
Our top priority is the safety and health of employees and stakeholders . we will continue to take infection prevention measures in accordance with the policies of the government and local governments. For the time being, we will be forced to significantly reduce our business activities, so we will strengthen our management structure by making thorough efforts to reduce costs and control expenses.
〈Emergency measures〉
- Thorough COVID-19 infection prevention
② Cost reduction and ensure liquidity of funds
③ Inventory adjustment ( To provide more fresh and more delicious Sweets to our customers.)
-
Preparation for new brand and new product development and
promotion of proposal sales (Prepare for the end of COVID-19)
- Strengthen EC Channel
‐26‐
Kotobuki Spirits Co.,Ltd.
Strategy (consideration of influence of COVID-19)
- Recovery phase (After the end of COVID-19 epidemic)
Consumer environment is expected to gradually recover after the demand for refraining from going out and the government's emergency economic measures are taken, but it is expected that the slump in personal consumption will inevitably affect business results. We will take the following measures as immediate priority measures in order to promptly recover business activities and put them on a growth trajectory after the situation has subsided.
〈Strategic measures〉
※1
- Improvement of organizational strength by Cho-Genbashugi
- Cultivate重点施main策brands / main products and
Create new brands / new sales channels
※2
- WSR in Tokyo area
-
Inbound countermeasures
⑤ Overseas expansion
※1 Cho-Genbashugi is our management style that profit groups are central. | |
※2 WSR is a standard of Kotobuki Spirits. WSR ~World Surprising Resort~ | ‐27‐ |
Kotobuki Spirits Co.,Ltd.
New shops Information
KCC(Tokyo Station)
GRANSTA TOKYO | TOKYO GIFT PALETTE( Aug.2020 | ) |
(Aug.2020) | ||
SUCREY(Tokyo Station)
GRANSTA TOKYO TOKYO GIFT PALETTE( Aug.2020 ) | |
EXPASA EBINA(Jul.2020) | (Aug.2020) |
(Wholesale) |
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Kotobuki Spirits Co.,Ltd.
Corporate Philosophy
To create happiness, provide happiness
Policy
Today, I make an enthusiastic fan
Vision
General Producer of the Sweets
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Kotobuki Spirits Co.,Ltd.
Philosophy Management of KOZUCHI
We have introduced a business management method of Amoeba Management since FY1996.
We made a Management philosophy notebook "KOZUCHI" in 2003.
Every person who works for Kotobuki Spirits Group put KOZUCHI philosophy into practice in everyday work.
≪KOZUCHI national convention≫
KOZUCHI national convention is held once a year for the purpose of sharing achievements with fellows.
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Kotobuki Spirits Co.,Ltd.
Transition of Kotobuki Spirits ①
High profit management
Business model has changed from the manufacturing wholesale to the manufacturing retail. We continue to challenge to organization reform ,business reconstruction and M&A.
Unit:Millions of yen
●19 Made Honey Sucrey Limited(Hong Kong) subsidiary
50,000 | ●16.1 M&A FRANÇAIS | 60.0% | |||||||||||
Net Sales | ●14.4 The first section of the Tokyo Stock Exchange | ||||||||||||
45,000 | Gross profit rate | ●12.1Establishment of SUCREY in Tokyo | 55.0% | ||||||||||
40,000 | ●06.10 Transition to a holding company | ||||||||||||
50.0% | |||||||||||||
35,000 | ●98.6 Establishment of | ●05.2 M&A | |||||||||||
kUJYUKUSHIMA GROUP | |||||||||||||
LeTAO in Hokkaido, | |||||||||||||
45.0% | |||||||||||||
30,000 | Tsukiji Chitose in Tokyo | ||||||||||||
Start of the retail expansion | |||||||||||||
25,000 | ●94.11 IPO | 40.0% | |||||||||||
20,000 | 35.0% | ||||||||||||
15,000 | |||||||||||||
30.0% | |||||||||||||
10,000 | |||||||||||||
5,000 | 25.0% | ||||||||||||
0 | 20.0% | ||||||||||||
FY1995 | FY1997 | FY1999 | FY2001 | FY2003 | FY2005 | FY2007 | FY2009 | FY2011 | FY2013 | FY2015 | FY2017 | FY2019 FY2020 | |
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Kotobuki Spirits Co.,Ltd.
Transition of Kotobuki Spirits ②
Ordinary profit rate exceeded 10% in FY2014.
Ordinary profit exceeded 5 Billion yen in FY 2018.
FY2018 | ||||||||||||
Unit:Millions of yen | Ordinary profit | |||||||||||
exceeded 5 | ||||||||||||
7,500 | Ordinary profit | FY2014 | Billion yen | |||||||||
Net profit | 2011.3.11 | Ordinary profit exceeded | ||||||||||
2 Billion yen | 18.0% | |||||||||||
6,500 | Ordinary profit rate | Great East Japan | Ordinary profit rate | |||||||||
Earthquake | ||||||||||||
exceeded 10% | ||||||||||||
5,500 | ||||||||||||
FY2003 | 13.0% | |||||||||||
non-dividend | ||||||||||||
4,500 | for first time after IPO | |||||||||||
3,500 | ||||||||||||
8.0% | ||||||||||||
2,500 | ||||||||||||
1,500 | 3.0% | |||||||||||
500 | ||||||||||||
FY1995 | FY1997 | FY1999 | FY2001 | FY2003 | FY2005 | FY2007 | FY2009 | FY2011 | FY2013 | FY2015 | FY2017 | FY2019 FY2020 |
-500 | -2.0% | |||||||||||
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Kotobuki Spirits Co.,Ltd.
Business Outline
Chart
Consumers
(Store・Pop Up Store・EC)
Wholesaling(Station・Air Port・SA,Agent,OEM)
Products | Products | Products | |
<sales bases> | (Shop Brands) | ||
Sales Subsidiaries | SUCREY | Tokyo Milk Cheese Factory/FRANÇIS etc | |
TOKAI area | Products | KCC | LeTAO/GLACIEL etc |
3companies | |||
CHUGOKU・KYUSYU area | KOTOBUKISEIKA・TAJIMAKOTOBUKI | KAnoZA etc | |
4companies | |||
KANSAI area | KUJYUKUSHIMA GROUP | AKAI FUSEN/Ivorish etc | |
2companies | |||
KONDITOREI KOBE etc |
※Except for KOTOBUKI SPIRITS (holding company)and OTHER segments.
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Kotobuki Spirits Co.,Ltd.
Shop Brands
Hokkaido
Izumo
Yonago
Fukuoka・Tokyo
Tokyo
Sasebo・Fukuoka
Kobe
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Kotobuki Spirits Co.,Ltd.
Main Sweets
Double Fromage | Inabano Shirousagi | Salt and Camembert Cookie |
Mille Feuille | Butter Financier | Kujyukushima Senpei |
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Kotobuki Spirits Co.,Ltd.
Memo
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Disclaimer
Kotobuki Spirits Co. Ltd. published this content on 04 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2020 06:06:22 UTC