QB Net Holdings Co., Ltd.

First half FYE June 2022

Financial Results Briefing Material February 14, 2022

(Table of Contents)

  • Results for H1 FYE June 2022

[Consolidated] Summary

[Consolidated] Track Records of New, Relocated, and Closed Salons

[Domestic] Results and Assumptions of Recovery Rate in Number of Customers Visiting Salons

[Domestic] Trend in Revenue

[Overseas] Overseas Situation

[Consolidated] Breakdown of Changes in Profit or Loss (YoY)

[Consolidated] Breakdown of Changes in Profit or Loss (against Plan) [Consolidated] Trends in Revenue and Operating Profit [Domestic] Trend in Turnover Rate of Employees

[Domestic] Situation of Personnel (the Number of New Recruits and of Employees)

  • Key Measures
  • Appendix

Consolidated Statements of Profit or Loss, Balance Sheets and Cash Flows Store Opening Plan for This Fiscal Year

  1. 2-3
    P.4

pp. 5-7

P.8

pp. 9-10

p. 11, pp. 13- 15

P.16

p. 12, p. 17 P.18

P.19

  1. 20-23pp. 25-34
  1. 31-33
    P.34

1

Executive Summary

(H1 Results)

  • Revenue was picking up, and increased to 10,178 million yen, 109.4% of the same period of the previous year. This was because salons had kept open during the state of emergency in Q1, and foot traffic to commercial facilities and public transport stations rose after the state of emergency was lifted in Q2.
  • Operating profit was 804 million yen, 224.6% year on year. The increase in profit was due to higher operational efficiency, such as the optimization of salon stylists and operational cost reduction, in addition to the recovery in revenue.
    (Note: However, in respect of the full-year earnings forecast, the forecast at the beginning of the fiscal year remains unchanged due to uncertainty in the impact of the COVID-19 Omicron variant.)

(Efforts in H2)

  • The discount campaign for senior customers in Japan (a discount of 100 yen from the standard price) will end at the end of March 2022.
  • As a measure against the lengthening of the haircut cycle, a limited-period campaign for senior customers will take place between April and June 2022 (if customers aged 65 or over visit our store again within a month after their previous visit, a 100-yen discount will be offered.)
  • To push forward with digital transformation (DX), LINE mini app and QB HOUSE customer haircut charts are under development.
  • In preparation for market growth after the end of the spread of Omicron, the hiring of stylists in particular will be strengthened in H2.

2

Consolidated Group Earnings (Summary)

  • In H1 FYE June 2022, with revenue on a recovery trend, both revenue and profit increased.
  • The full-year earnings forecast remains unchanged due to uncertainty in the impact of the COVID-19 Omicron variant.

Consolidated Group Earnings (Summary)

Unit: million yen

Revenue

Operat ing prof it

Prof it bef ore t ax

Prof it

Basic earnings per share

Dividends per

share

First half FYE J une 20 22

Full year FYE J une 20 22

H1 FYE J une 20 22

Forecast

Forecast

Year on year

Year on year

Year on year

Re sult s

( %)

Init ial plan

( %)

Against plan

Init ial plan

( %)

Progress rat e

10 ,178

10 9 .4 %

10 ,14 0

10 9 .0 %

10 0 .4 %

20 ,8 4 0

110 .1%

4 8 .8 %

8 0 4

224 .6 %

4 8 0

133.9 %

16 7.7%

1,10 0

237.3%

73.2%

727

272.6 %

39 0

14 6 .2%

18 6 .5%

9 20

321.2%

79 .0 %

4 9 3

215.5%

270

117.9 %

18 2.7%

6 4 0

26 2.4 %

77.1%

38 .39 yen

21.0 2 yen

4 9 .0 9 yen

TBD

3

[Consolidated] Track Records of New, Relocated, and Closed Salons

  • The net increase in the number of salons in H1 was nine on a consolidated basis.
  • The main reasons for salon closures were redevelopment projects of railway stations,

relocation, etc.

End- FYE J une

Unit: Salons

Business form at

20 21

New salon

Relocation

Closure (*1)

Change

End of H1

QB HOUSE

565

9

3

- 5

7

572

J apan

QB PREMIUM

1

1

0

0

1

2

FaSS

13

0

0

0

0

13

Subtotal in J apan

579

10

3

- 5

8

58 7

QB HOUSE

23

0

0

0

0

23

Singapore

QB HOUSE Premium

9

0

0

0

0

9

QB HOUSE Kids

2

0

0

0

0

2

Hong Kong

QB HOUSE

66

1

0

- 1

0

66

Taiwan

QB HOUSE

31

1

0

- 1

0

31

U.S.

QB HOUSE

4

1

0

0

1

5

Subtotal of overseas

13 5

3

0

- 2

1

13 6

Consolidated group total

714

13

3

- 7

9

723

(*1) The number of closures includes those by relocations.

4

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QB Net Holdings Co. Ltd. published this content on 24 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2022 07:51:03 UTC.